Economics
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Program Contact Information
economics.utah.edu
260 Central Campus Drive, Gardner Commons 4100, Salt Lake City, UT 84112
801-581-7481
Program Description
An economy is a social system where people engage in the production and distribution of goods and services. How does this happen? Who chooses what will be produced? What are prices and how are they determined? Do free markets improve the quality of life? How do poorer countries accelerate growth? What causes unemployment and inflation? Is there a role for government intervention in an economy? What is the role of money?
Economics explores these sorts of questions. It addresses issues related to decision making with scarce resources, the history, organization, and direction of firms, industries, national, and international economies, and the structure and functions of social and economic institutions. The methods of economic analysis relate to public and private organizations. Economic analysis is widely applied to real world problems. Economics majors learn how to think critically about complex problems and how to analyze quantitative data. Because economic analysis is clear and precise, the major is attractive to job recruiters and graduate school advisors. An economics major is one of the best choices for students who wish to pursue careers in law, management, finance, public service, public administration, business, government, and teaching. Economics is an excellent choice for students who want to obtain advanced degrees in business. The most prestigious Master's of Business Administration (MBA) programs prefer economics majors to business majors and other programs view economics as equally attractive. Economics is increasingly a popular undergraduate prelaw major. Several graduate schools in the United States offer programs leading to advanced degrees in both law and economics. As part of a liberal education, economics helps students understand how information is gathered, analyzed, interpreted, and used for policy and managerial decision making.
Emphasis Options:
Business Economics & Analytics
Law and Economics
Statistical Analysis
Approved Combined/Dual Degrees
BA/BS Economics and Master of Public Policy