<p>That doesn’t matter, you still need 150.</p>
<p>Sure it matters, you said you needed 150 to sit.</p>
<p>haha. i was wrong then.</p>
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<p>That’s just too funny. I guess by the time they know enough to figure that out it’s too late. they have the degree.</p>
<p>Economics should not be majored in by itself if a job after graduation is your concern (assuming you don’t go to an ivy). It is a social science and it does not prepare you for a specific career field, nor was it meant to. </p>
<p>Economics majors with good GPAs do get jobs after graduation as financial analysts, investments specialists, data analysts, business analysts, research assistants, credit analysts, market research analysts, bankers, accountants, and securities traders, but they will find less opportunities in those fields than an accounting or finance major. Go to indeed and type in: bachelors degree economics “entry level” and see what pops up. Keep in mind this search weeds out a ton of jobs that entry level economics majors could qualify for, but it’s good for research purposes.</p>
<p>For me economics is perfect to double up in at UT because it only takes 25 credits to get the degree. At this point I’m probably getting a BA in econ and a BS in computer science & math. This gives me the options to go into the technology or financial sectors, or to go for a PHd in finance or economics if I choose to do so. Also, I will have a blend of quantitative reasoning skills and computer skills that I think will be very attractive.</p>
<p>BY Inmotion, “For me economics is perfect to double up in at UT because it only takes 25 credits to get the degree. At this point I’m probably getting a BA in econ and a BS in computer science & math.”</p>
<p>Oh…Now you are talking about double major. You are trying to defend economics, but try to graduate with only BS in economics, and then tell us about your “success.” However, the degree in economics is a good double major. Here is my formula:</p>
<p>Technical + Analytical/Quantitative (degree) = SUCCESS</p>
<p>Not sure what you’re talking about Tosh. I’ve always argued that economics is a great major because of its versatility, which doesn’t have anything to do with preparing you for a specific career field. Getting the major without a double would be for people who plan on going to graduate school or for those in the ivy leagues. Getting an economics degree expecting it to prepare you for a specific career field would be foolish and something I’ve never advocated. </p>
<p>You can argue whatever you want, but the fact is economics teaches you the reason why **** happens in the world, which is pretty damn valuable imo.</p>
<p>Economics is great because you can apply it to any situation. I have seen some of my econ professor use economic thought to explain a lot of weird decisions, incidents, policies, and motives that have occurred in our little blue world. </p>
<p>There are many fields/subfields within the degree: Microeconomics, Macroeconomics, Econometrics, Behavioral, Cultural, Evolutionary , Growth, Development, History, International, Economic systems, Monetary and Financial economics, Public and Welfare economics, Health, Education, Welfare, Population, Labour, Managerial, Business, Information, Game theory, Industrial organization, Law, Agricultural, Natural resource, Environmental, Ecological, Urban, Rural, Regional, Geography, and etc.</p>
<p>One type of economics I fell in love with was Sport Economics. I wrote a paper on NHL Team valuation. It was probably the best class I took in my undergrad. We never talked about which team was going to win or why the Cubs can never win a world series. We discussed the motives, decisions, and economics behind aspects of the sports. For example we talked about salary caps and its effect on the market of large market vs small market teams. We looked at Winning Percentage against profit determining and explaining why baseball teams are most profitable at .500. </p>
<p>This was one of my last classes I took as a undergrad and I was most pleased with it. </p>
<p>Economics degree in a BA, BS, BSc, MS, MBA, or Ph.D can really do a lot. </p>
<p>Students who study economics in college graduate with a set of core skills that will help them succeed, no matter what field they choose to enter. Those skills are: ability to recognize economic movements and patterns, critical thinking skills, data acquisition, data analysis, technical skills, and writing and reporting skills. </p>
<p>“Ultimately, it is the job of all economists to observe economics everywhere i.e. to study human beings in the ordinary business of life.” </p>
<p>"Since the science of economics is primarily a set of tools, as opposed to a subject matter, then no subject, how offbeat, need be beyond its reach. -Freakonomics</p>
<p>@ Inmotion12,</p>
<p>You said that, “Getting the major without a double would be for people who plan on going to graduate school or for those in the ivy leagues,” and I agree with that. By looking at you words, I understand that you agree that bachelors degree in economics by itself is worthless, and thats why you want to double major it with something practical, like CS or math. </p>
<p>I also would like to mention that accounting and finance degrees are versatile as well.</p>
<p>A degree in Economics alone is not worthless.</p>
<p>^ It depends on what you think is worthless.</p>
<p>Exactly. Value is different to each person and measuring value is difficult. </p>
<p>In economics, value is expressed as “how much” of one desirable condition or commodity will, or would be given up in exchange for some other desired condition or commodity.</p>
<p>You may find an economics degree worthless (no value). While I find an economics degree to have value. But a general statement about the actual value of an economics degree cannot be made. </p>
<p>We could do a study where we could gather information from a variety of random pertinent sources, develop testable variables, and run regression models to determine what variables add or subtract value for a specific major. We could try to run a simple multivariate regression on the value of education vs. non education ( I have done that before). But for use to determine the value of economics vs. non economics majors that would be difficult.</p>
<p>^ “You may find an economics degree worthless (no value). While I find an economics degree to have value. But a general statement about the actual value of an economics degree cannot be made.”</p>
<p>You are right. However, I think that economics is a good double major, or a good stepping-stone into the world of business.</p>
<p>I don’t think a degree in Econ is worthless. I go to Texas A&M, I think the Econ program is ranked somewhere in the 30’s, and I’ve seen the career center stats showing grads going to KPMG, Accenture and the CIA. Although it’s kind of rare, I will admit.</p>
<p>Yeah, I switched my major a couple of times in college but I intend to graduate with a BS in Economics and a BA in Information Science. I was thinking about getting a BS in Computer Science instead of IS but I don’t know if I could handle that level of math (it requires Calc I,II,III, Linear Algebra, Calc based Physics I and II, etc.). I took Calc I for Econ and a couple of math for economist classes but I don’t want to take the calc based physics sequence required for computer science. IS is apparantly in demand and has an average salary of around $50k so hopefully a degree in that field could help me with employment. I’ve heard that a lot of areas in the information technology field are in demand.</p>
<p>You are right there are high demand in IS and IT right now. One of the fastest growing segments in those branches are Data Mining and Data Analytics. And Econ major with a minor in computer science/IS, a double major in computer science/IS, or programming knowledge can apply for positions like in Data Mining and Data Analytics.</p>
<p>I can’t imagine how anybody can say any degree is worthless with tens of thousands of American college students graduating with every degree every year and getting great jobs. I look at the guys that I know that just graduated with “mere” Economics degrees and landed great jobs straight out of college, and I wonder where the disconnect is between them and the naysayers. </p>
<p>Same goes for History and Underwater Basket-weaving… I think people just always need something to put down and argue against.</p>
<p>virtuscience: I think you just have no idea what you are talking about.</p>
<p>It’s laughable that folks are on here saying an Economics degree is worthless. Please state some facts and evidence. Thank who ever is running this planet that you are not in positions of great influence.</p>
<p>“Employment of economists is expected to grow more slowly than the average for all occupations. The demand for workers who have knowledge of economics is projected to grow faster, but these workers will commonly find employment in fields outside of economics, such as business, finance, or insurance. Job prospects for economists will be best for those with graduate degrees in economics.”</p>
<p>Thats from bls.gov.
I’d rather get a degree in Finance than econ. I wouldn’t say econ is worthless, but I’d definitely chose a business route over econ.</p>