Economics

  • In this section..

    • Explore the way the economy works and how markets change and adjust. Develop your critical thinking and reasoning, and have fun along the way as an economic major at Capital.

      The study of economics explores the way societies produce and distribute goods and services. Our economics major is the perfect complement to our broad-based approach to general education, which is grounded in the liberal arts.

      Economics majors must have a thorough background in the liberal arts to prepare them for careful preparation in economic theory and work in applied fields of economic study.

      There are two main areas of economics:

      Macroeconomics is the study of aggregates for the economy. The macroeconomist studies issues like unemployment, inflation, the budget deficit, the money supply, interest rates and the trade deficit. They're often are asked to explain major shifts in the economy, and to predict what will happen in the future. They are employed by banks, manufacturing companies, insurance companies and other businesses and organizations interested in what is happening to the economy.

      Microeconomics is the study of individual markets. For example, microeconomists study the price of oil (or any other product), rent control, wage differentials and agricultural policies. They often are asked to examine how a policy will affect a particular market. There are a number of microeconomists working in the health sector and for public utilities.


      What you'll learn


      If you'd like to minor in economics, you can complete at least 20 hours of student in the major, including principles of macroeconomics and principles of microeconomics, intermediate microeconomics and intermediate macroeconomics, and one economics elective. A combined economics-political science major also is available.


      As an economics major at Capital, you will complete approximately 66 hours of coursework, including the general education core. It's usually possible to double major, and we encourage it.

      With the help of your advisor, you'll be encouraged to take additional courses that will make you more marketable after you graduate, whether you intend to enter to workforce immediate after graduation or apply to graduate school. For example, if you're considering a career in finance or law, you would benefit from additional accounting or political science classes.

      If you're considering post-graduate studies in economics, you should take additional mathematics and statistics courses.


      Where you'll go: Careers and Placement


      Many Capital economics graduates go to graduate school, either in economics as preparation for careers as professional economists, or in law, business or public administration. (Did we mention we have a Law School?) Most economics graduates do not practice economics, but an economics degree is highly valued because it indicates a strong aptitude for analytical reasoning, good quantitative skills, and strong writing skills.

      Some economics graduates enter the business sector directly, with placement possible at almost any kind of firm. In particular, economics majors often are recruited by banks, insurance companies and the public sector.

      If you're planning a career as a professional economist in the public sector, you'll likely need a graduate degree. A doctorate usually is needed for employment at universities or in international organizations such as the World Bank or the IMF.

      Recent Capital economics graduates have been accepted into graduate economics programs – and given substantial scholarships – by universities such as Cornell, Florida State, Ohio State and West Virginia.