Why Should I Major in Economics?
An Economics major is probably the most widely underrated but most useful in preparing students for careers in the business world as well as graduate study. The exposure to economic analysis (theoretical and empirical) makes Economics majors attractive to many job recruiters and graduate schools because of the exposure to rigorous analytical thinking.
The skills taught to Economics majors provide a solid foundation and preparation for many business occupations. Occupations that attract students with these kinds of skills include consulting firms, commercial banks, oil companies, investment firms, and utility companies.
Economic majors are also attractive to various branches of the Federal, State, and Local governments. These agencies offer extensive employment opportunities for undergraduate Economics majors. For example, The Departments of Agriculture, Labor, Commerce, and Treasury are the biggest federal employers of Economics majors. At the State level, Corporation Commissions, Office of the State Treasurer, Office of Management and Budget, and the Department of Commerce are among the major recruiters. Other big recruiters of Economics majors include the Federal Reserve Banks and the Federal Deposit Insurance Corporation.
Economics majors are very well-suited and prepared for advanced degrees in Economics, Business and Law. Many law school representatives believe that Economics is one of the best and most desired pre-law majors because of the analytical training and logical thinking involved in the discipline. The wide range of theoretical, analytical, and empirical courses offered ensure that our undergraduate program equips students with the skills to successfully pursue advanced degrees in Economics.
What Kind of Courses Do We Offer?
Additionally, as part of the commitment of the Economics department to the International and Area Studies program, we offer a number of important courses that represent a significant contribution to International Area Studies majors. In short, our courses provide students with a good foundation in both analytical and quantitative analysis.
A major in Economics requires a minimum of 30 hours total or 10 Economics courses. The 30 hours must include Economics 1113, 1123, 2843, 3113, and 3133. A minor in Economics requires a minimum of 15 hours. Economics 2843 is not required for Economics minors.
As part of our efforts to prepare our students for a solid career, the Department of Economics has an active internship program with some state agencies and other local businesses (consulting firms and utility companies). The internship program has given our students exposure to the practical aspects of Economics. Also, some of these internships have turned into permanent positions. Students who participate in an internship may enroll in 3 hours of directed readings and receive credit, under the supervision of a professor. A research paper is required to receive credit for the internship.
The Economics department has an undergraduate Economics Club. The club office is located in Cate 1. The club has informal meetings at which an invited guest speaker (including faculty members) gives a presentation. Membership is free and open to all majors. The Department of Economics also has an active chapter of Omicron Delta Epsilon (ODE), the International Economics Honor Society.
ODE organizes a wide range of activities, including a yearly banquet in April at which different awards are presented to students based on academic performance.
There are several merit scholarships available to Economics majors. The scholarships range from $250 to $2,500. For additional information please contact Scott Mahaney, Room 156 Cate 1, or call (405) 325-4307.
The Department of Economics is located at 308 Cate Center Drive; Room 158 CCD1; Norman OK, 73019. We can be reached at (405) 325-2861 or receive faxes at (405) 325-5842.