Why Study Why Study EconomicsEconomicsat Baylor?at Baylor?

Steve Green Steve Green Professor of Economics & StatisticsProfessor of Economics & Statistics

Chair, Department of EconomicsChair, Department of Economics

It’s Interesting!Choose from courses such as:• Economics of Health and Medical Care • International Trade Theory and Policy• Economics of Poverty and Discrimination• Law and Economics • Game Theory• Economics of Developing Countries• E-Commerce Economics

It’s Flexible!

It’s the only major available in three degree programs:

• B.B.A.—Good for career entry, pre-MBA, or may be coupled with 2nd BBA major (i.e., finance)

• B.A.—Good for pre-Law, pre-PhD, or may be coupled with a 2nd B.A. major (i.e., political science)

• B.S.—Good for pre-Med or may be coupled with a 2nd B.S. major (i.e., physics)

It’s Challenging!

A well-rounded economist should develop a strong background in:

• Analytical and critical thinking• Mathematics and statistics• Writing• Public speaking• History and public policy• Ethics and moral philosophy

Great Student Organizations!

• Baylor Economists– promotes social interaction and academic

involvement of economics students. Open membership.

• Omicron Delta Epsilon– national honor society in economics, received

its official charter in 1951. Restricted membership

Great Faculty!

• Like all Baylor faculty, we are available to you.• 20 faculty members, 13 of whom have PhD’s,

representing 12 different universities.– Brown U., Indiana U., Michigan State U., Oklahoma

State U., Purdue, SMU, U.C. Berkeley, U. Florida, U. Illinois, UNC Chapel Hill, USC, UT Austin.

• Economics faculty members are active in research and most have significant international experience.

Prepare for Grad School!

  

 

Average LSAT Scores

CurrentRank

 Major

AverageScore

Number ofStudents

1 Economics 155.3 2,916

2 History 154.0 5,819

3 English 153.7 6,324

4 Engineering 152.7 2,656

5 Journalism & Languages 152.5 2,002

6 Finance 152.2 2,009

7 Psychology 151.9 3,977

8 Accounting 151.8 2,340

9 Political Science 151.6 15,388

10 Communication & Arts 150.7 3,898Nieswiadomy, Michael (1998), "LSAT Scores of EconomicsMajors," Journal of Economic Education, Volume 29, Number 4,Fall, pp. 377-379.

 

Prepare for Grad School!

"Of all the majors, economics ranks in the top four or five consistently. . . Logical reasoning and analytical skills are critical to legal studies.”

-Edward Tom, U.C. Berkeley Boalt law school admissions director

"The best people are more frequently taking economics as their major. . . It shows they have the intellectual fire in the belly to perform well in an MBA program."

- Richard Silverman, Yale School of Management, admissions director Source: Wall Street Journal, November 30, 1998 (Page A2

Prepare for Grad School!

Economics is a good major for a wide range of graduate study opportunities:

• MBA (take Accounting and Finance)• Law• Medicine (choose BS-Eco)• Health Care Administration• Public Administration• Public Policy• Environmental Studies• Public Health• PhD program in Economics (take lots of Math)• PhD program in Finance, Accounting, Marketing, or

Management

Employment Opportunities

• A wide range of employment opportunities in business organizations, government agencies, educational institutions, research centers, and international organizations.

• According to the U.S. Department of Labor, “Employment of economists and market and survey researchers is expected to grow faster than the average for all occupations through 2010,” in a range of 21 to 35 percent.

Source: http://stats.bls.gov/oco/oco20016.htm

It’s Rewarding!Average Salary Offers to Bachelor Degree Graduates

September 2001

Computer Eng. 53,653 Political Science 32,665

Computer Science 52,473 English 31,014

Information Sys. 45,230 Communications 30,943

Mathematics 44,277 History 30,173

Economics/Finance 40,776 Psychology 29,952

Accounting 39,720 Biology 29,846

Chemistry 38,744 Sociology 29,571

Management 37,844 Secondary Ed. 28,583

Source: National Association of Colleges and Employers

What’s happening at other top universities?

Economics is the top major [in enrollment] at Harvard, Princeton, Columbia, Stanford and the Universities of Pennsylvania and Chicago; second at Brown, Yale, and the University of California at Berkeley; and third at Cornell and Dartmouth.

Source: Wall Street Journal, November 30, 1998, Page A2

Let’s Keep Talking!

E-mail: Steve_Green@Baylor.Edu

Phone: 254-710-4543

Economics Department Web Site: business.baylor.edu/eco

Link to this Slide Show (accessible from Economics web site): business.baylor.edu/Steve_Green/Premiere.ppt