What is 'Economics (econ)'?

Economists study how society distributes resources, such as land, labor, raw materials, and machinery, to produce goods and services. They may conduct research, collect and analyze data, monitor economic trends, develop models, evaluate public policy decisions, or develop forecasts. Economists research a wide variety of issues including energy costs, inflation, interest rates, trade balances, exchange rates, business cycles, production levels, taxes, and employment levels, among others.

(For more information, see http://www.bls.gov/oco/ocos055.htm#nature.)

Is it for you?

Some entry-level positions for economists are available to those with a bachelor's degree, but higher degrees are required for many positions. Prospective economists need good quantitative skills.

Economists have structured work schedules. They often work alone, writing reports, preparing statistical charts, and using computers, but they also may be an integral part of a research team. Most work under pressure of deadlines and tight schedules, which may require overtime. Their routine may be interrupted by special requests for data and by the need to attend meetings or conferences. Frequent travel may be necessary.

(For more information, see http://www.bls.gov/oco/ocos055.htm#nature.)

Jobs and Salary expectations

Individuals with a background in economics should have opportunities in various occupations. Some examples of job titles often held by those with an economics background are financial analyst, market analyst, public policy consultant, researcher or research assistant, and purchasing manager.

Median annual wage and salary earnings of economists were $77,010 in May 2006. The middle 50 percent earned between $55,740 and $103,500. The lowest 10 percent earned less than $42,280, and the highest 10 percent earned more than $136,550.

Employment of economists is expected to grow about as fast as the average for all occupations. Job prospects will be best for those with graduate degrees in economics.

(For more information, see http://www.bls.gov/oco/ocos055.htm#nature.)

Program Faculty

• Elkhorn Valley Campus - Dr. H. Brock Williams
• Fort Omaha Campus - Richard Carter
• South Omaha Campus - William S. Pangle

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