Economics is a quantitative policyoriented social science with a highly developed body of theory and a wide range of realworld applications. Economists describe the process by which scarce resources are utilized to attain individual and societal goals. Economists also predict the consequences of changes in economic activities and government policies. Theoretical models, knowledge of economic and policymaking institutions, quantitative analysis and the examination of data are all part of this discipline.
In general, economists are interested in the economic behavior of individuals. Investigations into the daily decisions consumers, workers and firm managers make, as well as the interactions and impacts of such decisions in specific markets, are the subjects of microeconomics. Macroeconomics refers to the analysis of overall economic activity in many markets, a region, a country or globally. Some specific macroeconomics issues include economic growth, inflation, recession, unemployment and government intervention in the economy.
The economics program offers a Bachelor of Arts (BA) degree. The central core of the economics degree includes economic theory, statistics and econometrics. Course work in mathematics, including calculus, is required. Intermediate micro and/or macroeconomic theory must be completed before enrolling in related elective course work. Students can further enhance their degrees by adding an emphasis in business, international, quantitative or public economics.
Economists hold positions in both the public and private sectors. Economics graduates use their skills in areas such as education, finance, budgetary forecasting, banking, insurance, market analysis, research, sales and technical writing. There are many interesting applications within economics, including international trade and finance, environment and natural resources, public policy, labor, economic development, economic history, industrial organization, mathematical and statistical methods, urban and regional economics and economic regulation.
The Department of Economics at the University of Colorado Boulder is recognized as one of the top 50 economics departments in the country. Graduate students will find that they are participating in a program that has an excellent placement record and trains them well for careers in teaching, research and government or private sector employment.
The PhD program focuses on a solid core curriculum in economic theory and econometrics. Beyond this, we offer a number of specialized fields of study: econometrics, economic development, economic history, industrial organization, international trade and finance, labor and human resources, natural resources and environmental economics and public economics.
There are a number of special programs/services for economics students. The department offers a free tutorial lab each semester and a computer lab. Economics undergraduate majors may enter a combined “double degree” program with business, engineering, journalism, architecture or music. The Department of Economics also offers a minor, and there are certificate programs in actuarial studies and quantitative finance offered in cooperation with the Department of Mathematics and the Leeds School of Business.