Excellent preparation for an extremely wide range of occupations and careers

Develop analytical skills you will use throughout your work and personal life

High salary compared to other non-technical majors Highest starting and mid-career salary

compared to other business and social science majors.

Great preparation for graduate school MA in Business, MA in Econ, Law School, etc.

Some specific occupations require in depth knowledge that is only provided by very specific degree programs (e.g., accounting)

Economics can be intellectually challenging at times

Some students just do not like economics courses

Popularity Economics is the most popular major at Harvard

and many universities across the United States.  Status and Flexibility

In 2005, 12% of CEO's in the biggest 500 firms had an undergraduate degree in economics. 

Economics is consistently one of the top undergrad majors among students in top graduate business programs (MBA programs). 

Analytical Skills Economics majors tend to score among the

highest in admission tests to graduate schools (business, law, social sciences, etc.). 

Analytical Thinking Skills Thinking using the cost-benefit framework

Modeling Skills Through the use of mostly graphical models

Math Skills At a non-sophisticated level

Data Analysis Skills Which are focused on in some of our courses

-- particularly Econometrics (324), Forecasting (325), & Economic Research (426)

Economics An emphasis on general analytical thinking skills

useful in many different occupations & functional areas

Depth in the economic method of analysis - the same core skills (previous slide) are emphasized across different economics courses

Business Knowledge specific to certain functional areas of

business Finance, Supply Chain, Accounting, Marketing,

Management, Human Resources Breadth across a wide variety of functional

areas

The higher the field is on the triangle, the more field specific the knowledge received.

Dedicated teachers who care about their students

Accomplished scholars Friendly and approachable Available - we go out of our way to make

ourselves accessible to our students

Sandra Day-O'Conner (Former U.S. Supreme Court Justice)

Ronald Reagan Meg Whitman (former

CEO of Ebay) Warren Buffett (off and

on, richest person in world; masters in economics)

Barbara Boxer (U.S. Senator)

Sam Walton (Founder of Walmart)

Joan Robinson (a very famous 20th century economist)

Steve Balmer (CEO of Microsoft)

Arnold Schwarzenegger Mick Jagger John Elway Tiger Woods Paul Newman Ted Turner (the founder of

CNN) William F. Buckley (a very

famous political journalist)

Just about anything you can do with a business degree Finance, General Business, Analyst,

Entrepreneur See Dr. Bob’s website (final slide)

And more … Data Analysis Forecasting Economic Research Graduate School

MBA, MPP, Law School, Econ Grad School

General Economics Most flexible in terms of course options Excellent complement to many minors and

majors. Managerial Economics

Preferred by many who have already taken business courses (pre-reqs and upper division), as many count towards the managerial specialization

Economic and Business Forecasting Well suited to a double major in Business due

to the numerous required business courses

And they are appealing to employers Because economics analytical emphasis

complements your applied business skills

Possible combinations include: Supply Chain and Economics Finance and Economics Accounting and Economics General Business and Economics Social Science Majors: Psychology,

Sociology, Political Science, Geography, etc.

Principles of Economics Micro (Econ 201) Principles of Economics Macro (Econ 202) Introductory Business Statistics (Bus 221) Pre-Calculus (Math 153 ) or Higher Finite Mathematics (Math 130) or Higher Additional Pre-Reqs. for Some

Specializations Accounting I (Acct 251) and II (Acct 252) Legal Environment of Business (Bus 241)

Required Courses Principles of Economics Micro (ECON 201) Principles of Economics Macro (ECON 202)

Additional Courses Choose 1 from following five Econ courses

(310, 330, 332, 401, 402) 1 (Minor 2) or 2 (Minor 1) upper division

elective Econ courses. An economics minor is offered at the

west side centers – Lynwood and Des Moines

Economic Research Economics of Labor Government and

Business Energy Economics Environmental and

Resource Economics Intermediate

Macroeconomics

Independent Study Research Math Econ

Intermediate Microeconomics

International Economics Introduction to

Econometrics Introduction to Forecasting Managerial Economics Money and Banking Public Finance

Academic activities Social opportunities

Leadership experience Interaction with professors

Dr. Carbaugh’s (Dr. Bob’s) Website http://www.cwu.edu/~carbaugh/JOBS%20FOR

%20ECONOMICS%20STUDENTS.pdf Dr. Sipic’s Website

http://www.cwu.edu/~sipict/teaching.html#Why%20study%20economics?

Dr. Tenerelli’s Website http://www.cwu.edu/~tenerelt/ See the “Economics Major Information Packet”