Economics | SIU College of Business and Analytics

Southern Illinois University

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Economics

Economics is the study of how people use scarce resources to achieve their goals. Although this description seems vague and even a little bland, the reason is that any definition of economics needs to be general enough to reflect its wide application into all facets of life, both within business and outside of it. Understanding how consumers with limited budgets make decisions about what to buy helps businesses market products. Other economists advise businesses on how to develop cost effective production techniques, including ones that are more eco-friendly. Still others forecast market trends so as to help businesses make strategic decisions and to identify investment opportunitie

Outside of business, those with economics degrees go to law school and can apply economic arguments to legal cases. Other graduates go to poverty centers or international agencies helping to devise policies that help those less fortunate. Economists work in government offices developing budgets across competing priorities.

In all of these pursuits, economists combine economic theory with data analysis to facilitate wise decision making. The career paths available to economists are virtually limitless and include the fields of economic research, financial consulting, investment analytics, economic consulting, banking as well as alternative career paths such as politics, government, or law.

Our economics program includes the undergraduate majors of Bachelor of Arts in Economics. Graduate degrees include:

  • Master of Arts in Economics
  • Master of Science in Economics
  • Ph.D. in Economics

Students can also take advantage of our accelerated master’s program, allowing a student to earn both the BA and the MA in only five years.

In addition to classroom training, our students are offered the unique option to participate in our Blockchain Initiative. This is a collaboration between students, staff, faculty, alumni and interested community members which leads to meaningful networking opportunities and a higher quality, in-depth learning experience.