Economcis Program Details

Is Economics for Me?

What Is Economics?

According to the American Economic Association, economics studies scarcity, how people use resources and respond to incentives, and decision making.  It’s a broad discipline that helps us understand historical trends, interpret current headlines, and make predictions about the future.  As an economist, you can choose from a variety of jobs, including teaching, consulting, working in government, and so much more. 

Why Major in Economics?

You can choose from three different degree options. At JBU, you can choose a B.B.A., B.S. or B.A. degree to go with your economics major.  The B.B.A. provides a broad core of business skills while focusing on essential economic concepts, whereas the B.S. and B.A. degrees dive deeper into core microeconomic and macroeconomic theory and expose you to a broad variety of fields within the economics discipline.  The main difference between the B.S. and the B.A. is the foreign language requirement in the B.A.

You can add an emphasis in Analytics or Economic Development.  The Analytics and Economic Development emphases offer you the opportunity to specialize further.  The Analytics emphasis is an excellent choice for those wanting to work with data and pursue careers in which data analysis is essential.  The Economic Development emphasis will deepen your understanding of the global economy, trade, patterns of growth and development, poverty alleviation, and public policy. 

It’s marketable. According to the US Bureau of Labor Statistics, the expected growth rate for economists is 14% from 2019-29.

It’s meaningful. Economists help companies make good decisions by researching trends, interpreting data, and predicting what’s to come.   A wide range of think tanks and non-governmental organizations use the work of economists in fulfilling their missions, and economists help governments implement and improve public policy as well.

It pays well.  Payscale.com reports that economics majors start their career at an average salary of $58,900, and the National Association for Business Economics (NABE) reports that 72% of their members earned between $50,000 and $100,000 when entering the job market (typically with an advanced degree). 

Is Economics for Me?

In order to love economics, you must enjoy researching, collecting/analyzing/interpreting data, problem solving, strategizing, and being comfortable with uncertainty.  Here are a few skills and attributes that will benefit you as an economist:

  • The ability to research
  • Financial savvy
  • Strong written and oral communication skills
  • The ability to think critically and solve problems
  • An eye for details
  • Computer literacy
  • Math aptitude

Why Study Economics at JBU?

Experienced faculty. JBU’s economics professors have years of real-world experience in public and private entities. They know their stuff, and they are passionate about helping you succeed.

Real-life application. As an economics student at JBU, you will have opportunities to apply what you learn in classroom settings and internships.

Christ-centered education.  We believe the study of economics honors God by helping us learn to be good managers of the resources He has given us. Whether serving in industry, government, or missions, graduates who understand economics are positioned to make wise decisions that foster human flourishing and meet the needs of people everywhere in the world.

Service projects. Economics majors can serve others in the local community and all over the world through volunteer work, Enactus projects, internships, and the Practicum in Economic Development.

Opportunities to change communities. You will have the chance to change communities for the better through Enactus JBU. You will create innovative and sustainable solutions to pressing social issues, making a difference in the lives of those who need it most.