What is Economics?
Economics is the study of how individuals, firms and countries choose among alternatives. Many successful individuals such as Ronald Reagan, Ted Turner and Sandra Day-O’Connor have a degree in economics. Coastal Carolina University's economics program offers a major and minor in economics, as well as a Bachelor of Arts in Economics and a Bachelor of Science in Economics, and concentrations in applied economic analysis and economic theory.
There are many benefits of studying economics:
- Economics graduates have many career opportunities with firms, nonprofit organizations and government agencies. Economics graduates often obtain lucrative jobs in financial services, banking, government, healthcare, real estate and international organizations. In fact, more Chief Executive Officers (CEOs) of Fortune 500 firms majored in economics than any other discipline.
- Undergraduate training in economics provides excellent preparation for graduate work in economics, business administration, law, public administration and medicine. Economics majors, for example, consistently have the highest average test score on the Law School Aptitude Test (LSAT).
- Economics allows students to develop critical thinking that helps them better understand the world around them. Understanding economics can help individuals make better decisions in their personal and professional lives.