Economics

1. What is the Economics major?
2. What careers interest students in this major?
3. What skills are developed within this major?
4. What Economics resources are available?
5. Where have Wake Forest graduates landed jobs with this major?
6. Where can I get more information about the Economics major?

1. What is the Economics major?

The great English economist Alfred Marshall (1842-1924) defined economics as “a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of well being.” Though increasing numbers of students have the opportunity of studying economics in high school, most students know very little about the discipline when they enroll in the introductory college course. There they learn not just the nuts and bolts of economic theory, but more importantly the usefulness of economic theory in managing their personal affairs and dealing with social and political problems. The “economic way of thinking” is indeed a powerful tool for students to take with them through the rest of their lives.

Former Wake Forest economics and mathematical economics majors are in a wide variety of professions. An economics major is excellent preparation for graduate study in law or business as well as economics and public policy. Many graduates go on to graduate school in these and other fields. Others move directly into professions from the undergraduate program. Banking, financial and management consulting, medical services and pharmaceuticals, real estate and consumer products are only a few of the market areas in which alumni have taken jobs. Numerous other opportunities for economics majors are in the non-profit and public sectors, in areas such as education, fine arts, and public administration.

2. What careers interest students in this major?

Careers that often interests Economics majors include:
Actuary
Archivist
Attorney
Auditor
Bank Officer
Budget Analyst
City Planner
Claims Adjuster
Consultant
Controller
Credit Analyst
Educator
Foreign Service Officer
Financial Analyst
International Trade Specialist
Investment Banker
Lobbyist
Statistician
Technical Writer

3. What skills are developed within this major?

Skills developed within this major include: Critiquing and diagnosing problems; Trouble-shooting; Analyzing community needs; Problem-solving; Program development; Analyzing public policies; Decision-making; Analyzing manpower requirements; Systematizing/organizing material; Reviewing/evaluating; Team building; and goal setting.

4. What Economics resources are available?

American Economic Association
National Association of Business Economics
The Economist
Jobs in Economics

5. Where have Wake Forest graduates landed jobs with this major?

Click here to see where Economics majors have landed jobs after graduation.

6. Where can I get more information about the Economics major?

For more information about the Economics major, visit the WFU Department of Economics.