Economics is the study of how people manage scarce resources. Economics is a broad discipline that encompasses a wide range of topics. Microeconomics examines the choices and decisions of consumers and firms. Macroeconomics explores economy-wide issues such as unemployment, inflation, and economic growth and their impact on individuals and firms. The study of economics combines a high degree of analytical rigor with economic concepts that impart general skills applicable in many areas including business, government, education, not-for-profits, research, and consulting. An undergraduate economics degree is also excellent preparation for graduate study in economics, law, and business administration.
The study of economics at Eastern Kentucky University focuses on the application of economic understanding to real-world decision making. Economics faculty develop applications that will help students make better decisions. The faculty are student-centered. Classes in the major are small and often involve one-on-one faculty-student mentoring to complete course projects. Students have the opportunity to present their research at the annual meetings of the Kentucky Economics Association.
The strength of the economics major lies in its versatility. With 40 hours of free and directed electives, students can add another major or two minors to expand their breadth of knowledge and give them a competitive edge in their careers. The economics curriculum is designed to enhance critical and analytical skills that are essential to sound decision-making in today’s global economy. Students also acquire strong mathematical and statistical skills that are highly valued in competitive environments.
A degree in economics from Eastern Kentucky University prepares students to shape policies that can make significant contributions at the local, national, and international levels. The economics major has three options designed to meet the growing demand for economics majors:
Applied Economics: the Applied Economics option allows students to focus on individual interests such as a particular industry or non-profit sector.
General Economics: the General Economics option prepares students for entry-level positions in the field, or for graduate study in economics or a related field.
International Economics: the International Economics option prepares students for international careers, or domestic advising and consulting roles that focus on the global economic environment.
For additional information, see the American Economic Association Resources for Students.