Bachelor's Degree, Economics | Northwestern SPS - Northwestern School of Professional Studies

Undergraduate Major in Economics

Economists study how individuals, families, companies and nations confront difficult choices about how to use limited resources to meet various needs and wants. Evaluating these choices in terms of criteria such as efficiency, equity and stability, economists search for alternative forms of economic organization that might produce a desirable distribution of material well-being. In the major in economics, students understand the basic concepts, theories and techniques of economics and become familiar with the way economists think about problems and devise solutions to them.

Through introductory and intermediate courses in macroeconomics, the study of national income and price determination, and microeconomics, the study of consumers and producers within the larger economic system, the major provides students with the tools to learn a variety of economic problems. That foundation is complemented by the study of econometrics and advanced courses in macroeconomics and banking, international finance and trade, taxation and public spending, behavioral economics, the economics of developing countries, health care and the environment, as well as in economic theory and methods. Economics majors acquire analytical and critical thinking skills valuable for employment and graduate studies in economics and a wide range of fields and disciplines.