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Adam Smith
Portrait of Adam Smith
from
The Warren J. Samuels
Portrait Collection
at Duke University.

Why Economics?

“There is no such thing as a free lunch.”

"Economics, once considered one of the more difficult subjects for undergraduates to grasp, is the top major at Harvard, Princeton, Columbia, Stanford and the Universities of Pennsylvania and Chicago; second at Brown, Yale and the University of California at Berkley; and third at Cornell and Dartmouth."

"Economics, Once a Perplexing Subject, Is Enjoying a Bull Run at Universities,"
by Tristan Mabry, Staff Reporter
The Wall Street Journal

One way or another, economi=h3c forces affect every individual at some level, and thus an understanding of economics helps individuals cope with and adapt to the rapidly changing local, national, and global marketplaces. Why? The economic way of thinking is analytical, clear, concise, and rigorous. People with training in economics are good at problem solving because they learn to identify problems, to specify alternative solutions, to determine what data are relevant, and to objectively weigh costs and benefits in making decisions.

Economics at UAS 

At the University of Alaska Southeast, economics students study the same core micro and macro theory and statistical theory that students attending any other institution study. The benefit to economics study at UAS is the small class size and individual attention that students receive.

Careers in Economics

Econograph There are ample employment opportunities for those who receive a Bachelor of Arts in Social Science with an emphasis in economics because the analytical skills of economics study are useful in the public sector as well as the private sector. Such a degree is an excellent background for careers in banking, real estate, litigation analysis, planning, government, bond trading, financial analysis, teaching and a host of other employment opportunities.

An economics background is also excellent preparation for graduate study in economics, law, business, and international relations. For example, many law schools believe economics provides one of the best backgrounds for success in legal studies, because of the logical, analytical way of thinking it teaches. Many graduate business schools prefer that their students have a broad liberal arts background, which an economics emphasis provides. Also, a considerable portion of the MBA program is based on economics. Financial theory, for example, is largely applied microeconomics. Students with good backgrounds in economics are clearly at an advantage in many MBA programs.

Course Work

Primary Concentration Area (24-25 credits)

ECON S201
ECON S202
SSCI  S300

ECON S321
  —or—
ECON S324

Principles of Economics I: Macroeconomics
Principles of Economics II: Microeconomics
Research Methods in Social Science

Intermediate Microeconomic Theory

Intermediate Macroeconomic Theory

 3
 3
 3
 
 
  3
ECON S___ Electives (At least 9 credits must be upper division  12-13

Secondary Concentration Area (15-16 credits)

ECON S201
ECON S202
Principles of Economics I: Macroeconomics
Principles of Economics II: Microeconomics
3
3
 ECON S___ Electives (At least 6 credits must be upper division)  9-10
 
 

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