What do you actually study as an economics major?
You'll dive into both big-picture and detailed concepts—macro and microeconomics, economic theory, and econometrics (fancy term for economic data analysis). These courses help you build a framework for understanding cause and effect in markets, behavior, and policy.
Popular economics courses and concentrations
Common classes include:
- Microeconomics and Macroeconomics
- Econometrics
- Behavioral Economics
- International Trade and Finance
- Game Theory
- Public Policy Economics
Some schools offer concentrations like environmental economics, financial economics, or international development.
Analytical and modeling skills students gain
Economics majors are known for being able to think critically, interpret data, and build economic models. You'll get experience using software for statistical analysis, make sense of patterns in large datasets, and learn how to explain complex ideas in simple ways.
Who is this major a good fit for?
If you're curious about how systems work and enjoy solving real-world problems using data and logic, this major could be your thing. It’s great for students who like math, patterns, and asking “why” about everything from pricing to policy.
Top career paths for economics majors
So, what can you do with an economics degree? Turns out, a lot. Careers in:
- Financial analysis and banking
- Economic consulting
- Policy research and government
- Tech and data analytics
- Business strategy
Economics majors also make great candidates for roles in startups, nonprofits, and think tanks. Looking for ways to fund your economics education? Take a look at these scholarships for economics majors to get started.
Economics vs. finance: What’s the difference?
Economics is broader—it covers markets, human behavior, and resource use. Finance focuses more specifically on money management, investing, and financial systems. If you like theory and policy, economics might be your better fit. If you’re drawn to investing and wealth strategy, finance could be the way to go.
How much can I earn as an economics major?
According to the U.S. Bureau of Labor Statistics, many economics grads earn solid starting salaries. Economists make a median annual wage of over $100,000, and roles in finance or tech can pay even more. Salaries vary based on location, industry, and whether you have a graduate degree.
What if I'm considering grad school in the future?
An economics degree is a strong launchpad for graduate school. Many students go on to earn MBAs, law degrees, or master's/PhDs in economics or public policy. Your undergrad program will help you build the research, writing, and analytical skills you’ll need for advanced study.
Popular double majors and minors
Economics majors often combine their studies with other disciplines to boost career flexibility and deepen expertise. Common combinations include:
- Double majors:
- Popular minors:
Doubling up can give you an edge in the job market and broaden your skillset.
Notable schools for economics majors
Economics programs vary, but strong departments can be found at both large research universities and liberal arts colleges. Some of the most well-known schools for economics include:
There are also many other excellent programs across the country. Not sure where to apply? Try the Scout College Search tool to compare schools and find the right fit.
How can I pay for an economics degree?
College can be expensive, but scholarships can make a big difference. Start by exploring scholarships by major, including options specifically for economics students through our scholarships for economics majors page.
You can also use Scholly Scholarships to match with scholarship opportunities tailored to your background, interests, and goals. And if you’re looking for a quick win, don’t forget to enter the $2,000 No Essay Scholarship, which takes just minutes to apply for.
With the right resources, affording your economics degree is more within reach than you might think.
.svg)
