Welcome to the Department of Economics!
Welcome to the EMU Economics Department housed within the College of Arts and Sciences.
Economics is the study of how individuals use the scarce resources (e.g. labor, capital, land, knowledge, talents, etc.) available to them to produce goods and services necessary for raising living standards. One aspect of economics, for example, focuses on understanding how individuals respond to incentives in order to formulate predictions and inform policy decisions. Economics is broken down into two related sub-disciplines: Microeconomics and Macroeconomics. Microeconomics is concerned with individual, business and government decisions, and their interactions within a market setting, to efficiently allocate scarce resources. Alternatively, Macroeconomics is the study of the economy as a whole, including total production, inflation, unemployment, business cycles, and economic growth.
The Department of Economics at EMU offers several diversified programs that lead to economic degrees at the undergraduate and graduate levels. These programs are structured to provide adequate flexibility for students to better match their coursework with their career objectives.
Undergraduate degrees offered by the Economics Department include:
- BS or BA in Economics housed in the College of Arts and Sciences
- BBA in Economics housed in the College of Business
- Actuarial Science and Economics, a joint program with the Mathematics Department
- Economics Minor
Students can also pursue a double major. Popular double major combinations with economics include political science and mathematics. An economics minor provides a useful combination with majors in business, mathematics, political science, pre-law, philosophy and related fields. The department participates in other University programs such as language and international trade.
Graduate degrees offered by the Economics Department include:
- MA in Economics
- MA in Applied Economics
- MA in International Economics and Development
- MA in Health Economics
- MA in Trade and Development
- Graduate Certificate in Medical Economics
The Department of Economics at EMU is home to widely-recognized faculty members with diverse areas of expertise which contribute to our well-respected undergraduate and graduate programs. Our diverse expertise allow us to offer a variety of elective courses to better suite your specific interests and to help you achieve your academic and career goals.
Students have access to the university computer system through the department's own computer lab with statistical packages such as EViews, R, SAS, SPSS, and Stata, installed on each computer. Computer labs are also available through facilities at various locations on campus.
The department also offers opportunities for students to get involved. The department sponsors the Eta chapter of Omicron Delta Epsilon honor society in economics, established in 1975. The society recognizes students who demonstrate ability in the study of economics and it is dedicated to the encouragement of excellence in economics. The department also hosts the Economics Club, which is a vibrant student-focused organization. The club regularly meets for social gatherings, sponsors investment challenge games, organizes field trips to regional conferences, and invites internal and external speakers to present on a variety of topics. Finally, for those interested in competition, The Fed Challenge team is a group of students interested in Monetary Policy making that compete against other regional schools at Chicago’s Federal Reserve Bank.
Check out our program brochures: