Meet supply and demand.
Economics is often misunderstood. At its heart, economics is a social science that seeks to explain human behavior.
Far from being limited to questions of unemployment, interest rates, and the demand for goods and services, economics seeks to answer questions spanning a wide range of issues. These include poverty, discrimination, crime, pollution, education, international trade, international finance, taxation, natural resources and many other issues. Unlike the study of business management that focuses on improvements for a single firm or industry, economics takes a societal view that examines the impact of decisions or policies on individuals, households, businesses, taxpayers, the environment, and the country as a whole.
In order to examine the impacts of policies from a societal view, economic analysis relies on a highly analytical method that requires knowledge of micro- and macroeconomic theories, mathematical modeling, and logic.
Careers in Economics
Graduates who have mastered the “economic way of thinking” are prepared to move on into successful careers. Our majors have gone on to jobs in law, business, finance, foreign service, government, consulting, education, and research.
Employers praise economics graduates for the rigorous, yet flexible, curriculum they have covered. For those wishing to pursue graduate school, economics majors tend to score very well on entrance exams for graduate school, law school, and business school, and our graduates have gone on to study all of these things. Nationwide, economics graduates tend to score better on the graduate record examination (GRE), law school admission test (LSAT), and the graduate management admission test (GMAT) than majors from business management, political science, international studies, psychology, and virtually every other field of study.
Seth Olson ’09 begins the MBA program at Yale School of Management this July.
Even as comprehensive immigration reform stalls in Washington, Professor Robert Lynch’s research stands, proving the economic benefits of providing a pathway to citizenship for 11 million undocumented people living in the United States.
Mary John Miller, the former Under Secretary for Domestic Finance for the U.S. Treasury, on April 5 will be the featured speaker for the George Washington Leadership Series and the Holstein Program in Ethics.