<p>Hi, I m planning to go for a double major in Engineering and Economics..What would be the best colleges to look at? And what is Engineering Economics?
Thanks!</p>
<p>my brother and a friend both took that class and said they learned what econ majors study four years in a semester; so it was good class. My mechanics professor recommended it too for industry, it’s just economics applied in an engineering industry context; kind of like engineering statistics is just stat applied to engineering industry problems.</p>
<p>^What kind of topics do you learn in the Engineering Economics class? Like econometric methods? economic statistics like you mentioned?</p>
<p>There really is little benefit in a double major, other than self gain. Most employers don’t really care.</p>
<p>Thanks fot the info…
so what would be the difference… whether u do eco and engineering as 2 separate majors…
or you do engineering economics?? …
What would be better?</p>
<p>engineering economics is usually a senior level elective, dealing with the economics of engineering.</p>
<p>Engineering Economics is just a class you take that is really more like Accounting than economics. If it were to expand into a major it would probably be more like Industrial Engineering/Ops Research concentrating on supply chain management.</p>
<p>No way would any engineer take an Eng. Econ. class and have covered everything an Econ major would have covered. Eng Econ has little or no micro or macroeconomic theory mixed in. Pricing strategies, market trends, P vs. C analysis, etc. aren’t really covered, and it isn’t really the point of the class.</p>
<p>The reason you take Eng. Econ. is so you can do a cost benefit analaysis of engineering decissions as well as perform a basic “economic balance” on a whole plant.</p>
<p>At some schools, there is an accelerated one-course micro/macro economic course that uses Calculus to drive home the micro/macro-economic concepts.</p>
<p>In addition to that course, look at the courses needed to specialize in mathematical economics and take those courses as electives…instead of double-majoring.</p>
<p>Not to knock the thread-starter, but some of these double-major combinations are kind of silly. I thought I saw one thread with a Petroleum Engineering and EE double major.</p>
<p>W.T.F?..you would have ZERO social life and would not make no more than $5,000 more a year in income.</p>
<p>I don’t know what Engineering Economics is, but some economics exposure can’t hurt. It’s not something that will come in handy in your first jobs, but anything that builds business/cost/profit awareness is very useful if it’s your ambition to climb the corporate ladder (as a manager rather than an expert). If you deliver not only in technical but also in money terms, that will get noticed. Many engineers never get to realize that in their careers. I recently spoke with a chief engineer and this same subject came up.</p>
<p>I’m not sure that majoring in economics will give you that mindset though. It may be better not to overdo with courses but instead read a business/investment book at regular occasions and give yourself some time to reflect on them. You may not have the double major to impress employers, but the benefit I mentioned above is probably much, much greater. Also, don’t neglect those social skills.</p>
<p>Good luck!</p>
<p>Have you thought about minoring in Economics? Or Better still, look at a program like Oklahoma State’s MBA w/ Economics specialization after completing an Industrial Engineering undergrad and joila! You have a pristine resume that many an employer just might drool over. If I had it to do all over again, I would have done just that: Energy Certifications [LEED GA + BPI], VMware, Cisco, SAS, and SAP Computing Certifications; ISU’s ISE [Enterprise Computing emphasis] bachelor’s and an MBA: Economics from OK State. Too bad Purdue doesn’t offer that.</p>
<p>Done.</p>
<p>footnote: I am not recommending or discouraging Iowa State’s ISE program as the right choice for you or even as my first choice. I am merely listing them because their program is laid out in a way that fits my experience and needs.</p>
<p>Double majoring - and minoring, too - should really only be for personal gain. That being said, economics is an interesting and worthwhile subject in its own right and someone wanting to pursue both is certainly justified in doing so.</p>
<p>There are a lot of economics courses which are less… mathy? … which I think are vital for an economics major to have, and are really the most important classes for someone with a technical background to have. I would recommend taking more of these, since “mathematical economics” classes will probably just seem like a meager extension of calculus, differential equations, and linear algebra to you.</p>
<p>Don’t expect to make a cent more. If you plan on going to graduate school, or professional school, it could be useful. Otherwise, don’t expect any benefit other than personal satisfaction and increased competency for which you may not receive acknowledgment.</p>
<p>okay… thanks for your reply…
could you please elaborate upon this…
and , in that case, what would be a good major?</p>