BA in Economics

The Bachelor of Arts in Economics prepares students to pursue career opportunities in business, government, and the non-profit sector. Students also receive an excellent foundation for success in law school, Master degree programs in business administration (MBA), and graduate study in economics and other related areas. Economics is divided into two primary, interrelated sub-disciplines: Microeconomics and Macroeconomics. Microeconomics studies how people, businesses, and government agencies use the scarce resources available to them (such as time, money, land, etc.) to achieve their objectives (such as earning income, making a profit, etc.). This involves the allocation of those resources among their different uses. Businesses and people make microeconomic decisions as they produce, sell and buy, and use the goods and services that people want or need. Macroeconomics studies the processes that determine the overall size of the economy, the factors that cause the economy to grow or shrink over time, and related problems like unemployment and inflation.