Economics is the study of how markets determine which goods and services get produced and how they are produced, and what the resulting distribution of income and wealth tends to look like. Economics examines such topics as inflation, unemployment, international trade, financial markets, economic development and governmental economic activity. Economic issues have an important impact on individual firms and industries, and on the state of our country and the rest of the world.
Plan of Study
Since juniors and seniors in the College of Business already take a large number of business related courses in finance, management, marketing, and management information systems, their program in economics is fairly simple: intermediate micro- and macro-economic theory and four electives from offerings in money and the financial system, public finance, social economics and political economy, antitrust, econometrics, comparative economic systems, economic development, and international, labor, regional, transportation, and managerial economics.
Field of Concentration Curriculum
ECO 303 Intermediate Microeconomics (3 credits)
ECO 305 Intermediate Macroeconomics (3 credits)
ECO 508 Development of Political Economy (3 credits)
Nine credits approved Economics electives (9 credits)
There are immediate employment opportunities for economics majors in firms operating in the financial industry, banking, investments, insurance, real estate, and securities. Firms in all areas of business and all sectors of the economy look for forecasts of future economic conditions so they can better understand and adapt to them. In addition, economists are called upon to apply their skills to solving specific problems within the firm, such as estimating demand conditions and setting prices.
The average starting salary for a 2012 Creighton graduate in Economics was $43,000.