Economics Major Profile: Gina Grier, Class of 2013
What Economics Is*
Economics is a social science that is at once very broad in its subject matter and unified in its approach to understanding the social world. An economic analysis begins from the premise that individuals have goals and that they pursue those goals as best they can. Economics studies the behavior of social systems - such as markets, corporations, legislatures, and families - as the outcome of interactions through institutions between goal-directed individuals. Ultimately, economists make policy recommendations that they believe will make people better off.
What Economics is NOT*
Economics is not business. Business classes teach professional skills that are useful for starting and operating companies. Business strategy and financial management classes often rely on insights from economics in providing better advice to businesses; much the way clinical psychologists apply the relevant research from academic psychology to help them treat their patients. Economics and business are related, but business is professional training ultimately aimed at making profits, while economics is a science that, in addition to understanding how firms profit maximize, also pursues an improved understanding of our social world.
If you want to learn more about the economics of international trade, health care, the environment, national security, and crime, ...if you want to learn more about product markets, financial markets, and labor markets, ...if you are serious about accepting the challenge to help solve the world's problems of inequality, poverty, malnutrition, illiteracy, and climate change, ...then we encourage you to consider the major that moves the WORLD!
World leaders with degrees in economics:
Li Keqiang, Premier of the People’s Republic of China
Mikhail Myasnikovich, Prime Minister of Belarus
Rafael Correa, President of the Republic of Ecuador
Laimdota Straujuma, Prime Minister of Latvia
Arseniy Yatsenyuk, Prime Minister of Ukraine
Stephen Harper, Prime Minister of Canada
Dilma Rousseff, President of Brazil
Mario Monti, Former Prime Minister of Italy
Helle Thorning-Schmidt, Former Prime Minister of Denmark
George H. W. Bush, Former US President
Ronald Reagan, Former US President
Gerald Ford, Former US President
Gloria Macapagal-Arroyo, Former Philippines President
Manmohan Singh, Former Prime Minister of India
Ernesto Zedillo, Former President of Mexico
"Majors that pay you back"
According to payscale.com's 2014 salary report, Economics is #15.
Economics Department - McComsey Hall
P.O. Box 1002
Millersville, PA 17551