The first lesson of economics is scarcity. There is never enough of anything to satisfy all those who want it. ~ Thomas Sowell
What is economics?
Economics studies the allocation of inevitably scarce resources between alternative competing ends. In order to do so, it analyzes the choices and the decisions made by all participants in the economy—individual consumers and households, firms with varying degrees of market power and, of course, the government. In this era of globalization, economics shapes the world in which we live, now more than ever. Pursuing a major or minor in economics is an investment that yields rich rewards—it will help you to handle your personal finances, to make career choices, to make business decisions and to understand public policy.
Why study economics?
- Economics teaches you decision-making skills that you can use every day for the rest of your life.
- Our program provides a strong foundation in the core areas of economic theory and econometrics, and includes a wide range of electives so that students can focus on their areas of interest.
- Our program can help to prepare you for graduate school in economics, business or law.
- You will be able to understand and analyze contemporary economic problems so that you become a better-informed citizen and voter.
- The economics department offers several scholarships for majors and some reserved specifically for minors.
- Economics graduates are among the highest earners in non-engineering areas and are among the highest scorers in the GMAT and the LSAT.
Are you considering a minor?
An economics minor can enhance your undergraduate studies. A minor in economics is a useful complement to many majors including business, political science, journalism, sociology, history, health care management and several others.
An economics minor is particularly easy to complete for business majors, since College of Business admission requirements satisfy half of the requirements for an economics minor. For additional information, see the economics minor for business students. For economics as a minor to accompany other majors, see the economics minor.
Strong Hall 351
Missouri State University
Department of Economics
901 S. National Ave.
Springfield, MO 65897