Department of Economics and Business Management
Why should I study economics at Agnes Scott?
Economics studies how societies allocate scarce resources in the presence of unlimited wants. Some of the key questions our courses examine include: Why are some countries poor and others rich? Why do some jobs pay high salaries while others pay low wages? What are the effects of government policies, such as tax laws and welfare programs?
The economics major at Agnes Scott will prepare you for a career in business or non-profit fields by providing a thorough background in economic theory and applications. Some of our students choose go on to graduate programs in economics or public policy while others go to law school. Some alumnae return to school to get an MBA after working for few years.
What will I study?
Economics majors first take two introductory courses in microeconomics and macroeconomics. These courses introduce the economic way of thinking. Students learn how to apply economic tools to public policy and markets. Majors then take intermediate macroeconomics and microeconomics. In those courses, students use mathematical tools to pose and answer economic questions. Majors also take a course in econometrics in which they learn how to analyze data. These courses are the core of the field.
Students majoring in economics also take at least four elective upper-division courses in the economics department. There are a variety of choices, including Behavioral Economics & Finance, Companies & Competition, Economic Development, International Economics, Law & Economics, and Money & Banking. As seniors, majors take a capstone course in which they do independent economic research using the skills they have learned in earlier courses.
What can I do with this degree?
Major Student Learning Objectives - Students graduating with an Economics major from Agnes Scott College will be able to:
- identify the role of supply and demand in a market economy and the necessary conditions for market economies to function well;
- discuss the advantages and limitations of a market system and the role of prices in achieving efficiency;
- have a working understanding of regulatory, fiscal and monetary policy;
- identify policy options and assess the likelihood they would improve economic growth and efficiency;
- apply economic theory to a range of economic problems and effectively communicate her analysis;
- demonstrate the ability to define and analyze economic problems using graphical, algebraic and statistical methods;
- identify the benefits and costs of a global economy;
- undertake basic research, including conducting a survey of the literature, gathering and analyzing data, interpreting results, and drawing policy implications.
With the hands-on, experiential learning inherent in the economics major, you will acquire a well-rounded skill set. As a graduate, you can:
- Pursue advanced study at the graduate level
- Work as an economic analyst
- Work in the corporate world as a business analyst
- Become a financial planner
- Start your own business