What To Do with a Major in
Economics
Presented by:
Kellie Klinck, M.A., L.L.P.C., N.C.C.
Academic Adviser, School of Business
Administration
Special Guest:
Ed Eickhoff, Alumnus
Our Agenda:
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What is Economics?
Curriculum
Skills Needed for this Field
Possible Career Paths
Job Market Information/Career-Readiness
Student Organizations
Guest Speaker
Questions/Comments
What is Economics?
• Economics examines how individuals, for-profit organizations, nonprofit organizations and societies in general make efficient
decisions, given limited resources.
• It analyzes how businesses and households make decisions and
prescribes solutions to societal problems such as unemployment,
inflation, pollution and crime.
• Majoring in economics prepares students for the workplace of the
future which will require workers who are flexible, adaptable to
change, and who can propose practical solutions to solve problems
quickly.
• It is one of the leading fields of study at major universities within
the U.S., as well as around the world.
What is Economics cont’d…
• Besides preparing students for careers in business, an
education in economics is excellent preparation for graduate
studies in law, business and public administration, as well as
environmental studies.
• Economics majors consistently attain high scores on national
placement tests (GMAT, LSAT, GRE, etc.) by instilling strong
critical-thinking capabilities.
• In addition to quantitative analysis and problem solving,
students learn to develop models appropriate to
understanding the consequences of decision-making.
Interesting Tid-bit…
Some Famous Economics Majors…
Steve Ballmer, CEO, Microsoft
George H. Bush, Former U.S. President
Sandra Day-O'Connor, Former Supreme Court Justice
Mick Jagger, Rolling Stones
Ronald Reagan, Former U.S. President
Arnold Schwarzenegger, Actor/Governor of California
Ted Turner, CNN/Atlanta Braves/Hawks
Meg Whitman, CEO, Ebay
Tiger Woods, world-renown golfer
Curriculum
• OU offers THREE different degrees in
ECONOMICS:
▫ B.S. in Business Administration with a MAJOR in
Business Economics
▫ B.S. in Economics
▫ B.A. in Economics (SBA & CAS)
▫ Checklists…
What ECONOMICS Courses will you
Take?
• ALL THREE DEGREES:
▫ ECN 200 and 201 – Macro/Micro (Pre-Core)
▫ ECN 303 – Managerial Economics (Core)
• Business Economics Major:
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ECN 302-Intermediate Economics
ECN 304-Consumer Economics
ECN 405-Econometrics
Four 300-level or above economics electives
Courses cont’d…
• B.S. in Economics
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ECN 302- Intermediate Economics
ECN 304- Consumer Economics
ECN 405- Econometrics
FIVE ECN Electives
• B.A. in Economics
▫ ECN 302-Intermediate Economics
▫ ECN 304-Consumer Economics
▫ SIX ECN Electives
ECONOMICS ELECTIVES
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ECN 309 – State and Local Public Finance
ECN 310 – Economics of the Environment
ECN 315 – Economics of Gender and Ethnicity
ECN 321 – Financial Markets and the Economy
ECN 326 – International Economic
Development
• ECN 333 – History of Economic Thought
• ECN 338 – Economics of Human Resources
• ECN 367- Economics of Health Care
Economics Electives Cont’d…
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ECN 373 – International Trade
ECN 374 – Economics of International Finance
ECN 378 – Economic Analysis of Law
ECN 380 – Topics in Economics
ECN 385 – Economics of Industries
ECN 409 – Urban and Regional Economics
ECN 418 – Seminar in Economic Policy
ECN 421 – Monetary Economics
ECN 456 – Public Finance
ECN 480 – Special Topics in Economics
Skills Needed:
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Analytical Skills
Communication (oral/written)
Critical Thinking
Inquisitiveness
Interpersonal Skills
Model Building
Quantitative
Possible Career Paths:
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Bank Officer
Bond Trader
Budget Analyst
Economic Analyst
Financial Economist
Healthcare Administrator
Labor Economist
Loan Officer
Market Research Analyst
Public Administrator
Securities Broker
Urban/Regional Planner
Job Market/Career Readiness
Type of Employer % of Graduates
Traditional Business
23.3
Government
18.4
Financial Business
17.7
Graduate School
13.1
Consulting Business
4.4
Private/public university 3.9
Law Firm
3.5
Other
9.8
Source: http://www.mhhe.com/economics/sharp/student/careers.mhtml
Student Organization
• Economics Students Association
Email: [email protected] or
[email protected]
For Further Information…
Professor Addington Coppin
Major Adviser and Chair, Department of Economics
440 Elliott Hall
(248) 370-3541
Email: [email protected]
http://www.sba.oakland.edu/econpage/programs
.asp