MAJORING IN

ECONOMICS AT YSU

MAJORING IN

ECONOMICS AT YSU

What do What do ECONOMISTSECONOMISTS Do? Do?What do What do ECONOMISTSECONOMISTS Do? Do?

Rick KaglicRick Kaglic

Rick Kaglic being interviewed by Dan Lothian, CNN's Chief White House correspondent

Regional Economist, Federal Reserve Bank of Richmond M.A. in Economics, YSU, 1992 B.A. in Economics, YSU, 1991

Rick currently analyzes economic trends in the Southeast region.

What do What do ECONOMISTS Do? Do?What do What do ECONOMISTS Do? Do?

Joseph G. CarsonJoseph G. CarsonSenior Vice President and Director—Global Economic ResearchAllianceBernstein

Joseph Carson oversees AllianceBernstein Fixed Income's economic analysis team and has primary responsibility for the economic and interest-rate analysis of the United States.

AllianceBernstein manages approximately $500 billion in financial assets.

What do What do ECONOMISTS Do?Do?What do What do ECONOMISTS Do?Do?

Sara LaLumiaSara LaLumiaAssistant Professor of Economics, Williams CollegePh.D. in Economics, University of Michigan, 2006BA in Economics, summa cum laude, YSU, 2000

“I study how decisions about labor supply and human capital are affected by income taxes.”

Sara has published in the Journal of Public Economics, the National Tax Journal, and the Journal of Regional Science.

Sara visiting the London School of Economics

Economics Gets People to Places – Some Past Economics Majors

Business leaders:Warren Buffett - CEO, Berkshire HathawayDonald Trump – Real estate/TV mogulSam Walton – Founder, Wal-MartMeg Whitman – CEO, EbaySteve Ballmer – CEO, Microsoft

Heads of state:George H. W. Bush – US presidentGerald Ford – US presidentRonald Reagan – US presidentJulia Timoshenko – Prime minister, UkraineManmohan Singh – Prime minister, India

Public officials: Sandra Day O’Connor – Supreme Court justiceArnold Schwarzenegger – Governor, CaliforniaGeorgia Neese Clark – US treasurerBen Bernanke – Chairman, the US Federal ReserveKofi Annan – UN secretary General

Entertainers, athletes, and others:Cate Blanchett – ActressMick Jagger – SingerCol. Eileen Collins – AstronautBernie Kosar – NFL quarterbackDiane von Furstenberg – Fashion designerMuhammad Yunus – Nobel Peace Prize winner

An ECONOMIST Should be able to:An ECONOMIST Should be able to:

Apply economic theoryApply economic theory

Conduct quantitative analysisConduct quantitative analysis

Communicate Communicate resultsresults

ECONOMISTS can hold a variety can hold a variety of job titles:of job titles:ECONOMISTS can hold a variety can hold a variety of job titles:of job titles:

Financial Financial AnalystAnalyst

Market Market AnalystAnalyst

Public Policy Public Policy ConsultantConsultant

ResearcherResearcher

Purchasing Purchasing ManagerManager

ForecastForecasterer

Sales Sales AnalystAnalyst

Economic Economic Development Development Analyst Analyst

Business Business ConsultaConsulta

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Median Annual Earnings of Economists: $83,590

The middle 50 percent earned between $59,390 and $113,590 (May 2008)

Median Annual Earnings of Economists: $83,590

The middle 50 percent earned between $59,390 and $113,590 (May 2008)

U.S. Department of LaborU.S. Department of LaborBureau of Labor StatBureau of Labor StatisticsisticsU.S. Department of LaborU.S. Department of LaborBureau of Labor StatBureau of Labor Statisticsistics

OccupationalOccupationalOutlook HandbookOutlook Handbook

OccupationalOccupationalOutlook HandbookOutlook Handbook

July 5, 2005

“… economics and business majors ranked among the five most-desirable majors…”

National Association of Colleges and Employers, National Association of Colleges and Employers, 2004 survey 2004 survey

“… economics and business majors ranked among the five most-desirable majors…”

National Association of Colleges and Employers, National Association of Colleges and Employers, 2004 survey 2004 survey

The Hot Major For Undergrads Is ECONOMICSThe Hot Major For Undergrads Is ECONOMICS

Bachelors Programs•BSBA in BSBA in BUSINESS ECONOMICS Ideal preparation for employment in the private sector and MBA programs

•AB in AB in ECONOMICS Greater flexibility in course selection, many pursue double majors

Bachelors Programs•BSBA in BSBA in BUSINESS ECONOMICS Ideal preparation for employment in the private sector and MBA programs

•AB in AB in ECONOMICS Greater flexibility in course selection, many pursue double majors

Masters Programs•MA IN FINANCIAL ECONOMICS Combines coursework in both finance and economics, an ideal preparation for employment in the financial sector

•MA IN ECONOMICS Allows students to take a wider variety of courses in economics

Masters Programs•MA IN FINANCIAL ECONOMICS Combines coursework in both finance and economics, an ideal preparation for employment in the financial sector

•MA IN ECONOMICS Allows students to take a wider variety of courses in economics

Doctoral StudyGraduates have entered Ph.D. PROGRAMS IN ECONOMICS at:

Doctoral StudyGraduates have entered Ph.D. PROGRAMS IN ECONOMICS at:

Internships and Study AbroadInternships and Study Abroad

Student Organizations• Omicrom Delta Epsilon (honorary society)• Economics Club

Student Organizations• Omicrom Delta Epsilon (honorary society)• Economics Club

ScholarshipsThe department awards approximately $20,000 in scholarships per year

• Robert G. and S. Ann Berich Maigetter Scholarship

• Paul and Marguerite K. Thomas Scholarship

• Joseph E. Smith Award

ScholarshipsThe department awards approximately $20,000 in scholarships per year

• Robert G. and S. Ann Berich Maigetter Scholarship

• Paul and Marguerite K. Thomas Scholarship

• Joseph E. Smith Award

“The Determinants of Foreclosed Property Values: Evidence from Inner City Cleveland” Albert Sumell, Journal of Housing Research

“Common and country specific components in national stock prices” Ou Hu, Journal of Multinational Financial Management

Faculty have a Wide Range of Research InterestsFaculty have a Wide Range of Research Interests

“ “ Entrepreneurship in Post-Socialist Economies” Entrepreneurship in Post-Socialist Economies” Tomi Ovaska and Russell S. Sobel, Journal of Private Enterprise

““Traditional Public Schools versus CharterTraditional Public Schools versus Charter Schools: A Comparison of Technical Efficiency”Schools: A Comparison of Technical Efficiency” Joseph Palardy and Todd Nesbitt, Economics Bulletin

““The Disadvantaged Incumbents: Estimating The Disadvantaged Incumbents: Estimating Incumbency Effects in Indian State Legislatures”Incumbency Effects in Indian State Legislatures”

Yogesh Uppal, Public Choice

You and Economics?

Think about it…

You and Economics?

Think about it…