Pro Tip
Still unsure if a degree in economics is your calling? Take the career test

Economics is a degree category that consists of the following common degrees:

  • Economics

    Satisfaction:

    High

    Avg Grad Salary:

    $100k

    Economics

    A degree in economics is valued in multiple industries. From a general perspective, though, programs in the field teach students how the global economy works and prepare them to apply critical thinking and problem-solving skills to real-world issues. Typical coursework includes:

    • Macroeconomics – concerned with large-scale or general economic factors, such as interest rates and national productivity
    • Microeconomics – deals with decisions about the allocation of resources made by individual consumers, individual firms, and households
    • Mathematical Modeling – uses math in worksheets, puzzles, games, and quizzes to model or represent how something in the real world works
    • Statistics – the science of collecting and analyzing numerical data in large quantities, with the goal of describing real-world data or relationships
    • Banking Systems – how banks and other financial institutions make money by lending money
    • Financial Markets – marketplaces where trading of securities, such as stocks and bonds
    • Technologies – in economics, this refers to new ways of doing things; of producing things faster, in better ways, or more cheaply.

    Some economics specializations are:

    • Development Economics – focuses on the economic aspects of development in low-income countries
    • Environmental Economics – studies how environmental problems, such as climate change, and government environmental policies affect the environment
    • Health Economics – is concerned with markets and government policies that impact access to health care
    • Industrial Economics – studies firms, industries, markets, prices, and competition
    • International Economics – is focused on international trade and how international differences in resources and consumer preferences impact it
    • Labor Economics – looks at markets and how they affect wages, pension plans, and other worker benefits
    • Public Economics – studies how government finance and policies impact the economy
    • Regional and Urban Economics – studies things like education, housing, public services, crime, and local government finance to come up with economic snapshots
    Read More