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Economics Department

A major that provides a worldwide perspective and a broad range of career possibilities, Economics is a social science that studies the decision-making process of individuals, firms, and governments on allocating scarce resources in order to satisfy unlimited wants. Microeconomics focuses on the behavior of consumers and firms; macroeconomics on the behavior of the aggregate economy. Northern’s Economics Department offers a variety of courses that allow students to apply the economic way of thinking to fields such as, health, banking, law, sports, labor, and the environment; and emphasizes relevancy to current regional, national, and international issues.

Experience learning

At Northern, we strongly believe in learning by doing. With guidance from caring, engaged instructors, you will be challenged to “think on your feet,” developing strong critical thinking skills such as problem solving, analyzing data, adapting ideas and recognizing relevant connections. You will also strengthen your research, writing and oral communication skills—all critical tools for a 21st century global citizen.The demand for employees with a knowledge of economics is projected to grow faster than the average of other occupations.

Did you know...?

Economics students are increasingly enrolling in law school. Among the six disciplines with more than 2,000 students taking the LSAT, the 2,468 economics majors received the highest average score (from the American Economic Association website, click here).

Economics: Good choice of major for future CEOs. When adjusting for size of the pool of graduates, those with undergraduate degrees in economics are shown to have had a greater likelihood of being an S&P 500* CEO than any other major (from The American Economist, Vol. 55, No. 1, Spring 2010).

To find out more about career paths for economic graduates, contact our faculty members.

* Top 500 corporations

Career excellence

Economics graduates acquire the analytical tools to pursue a wide a variety of careers such as, banking, business, finance, foreign affairs, government, health administration, labor relations, law, marketing, media, politics, public administration, real estate, research analysis, sales and more. Students that want to pursue graduate studies in Economics should take advantage as much as possible of the variety of upper level courses the department offers as well as advanced courses in mathematics and statistics.

"Economics at NMU changed my life. I was adrift as a student and just by luck I took an Economics course, the rest is history. I fell in love with the discipline and, more importantly, the reading and learning and thinking critically. I use the economic way of thinking dozens of times per day in all walks of life." Beaulier earned his PhD in Economics from George Mason University. He held positions of leadership at Mercer University, Troy University, and Arizona State University.Brian Meehan got his Ph.D. in Economics from Florida State University and holds a tenure-track position at Berry College. Andrea Mashak got her J.D. at the Thomas M. Cooley Law School. She is a general practice attorney at Finch Law, P.C. Derek Bush was the Business Development Representative at Lake Superior Community Partnership, founding member of the Career & Technical Education Committee of Marquette & Alger, and President of the Economic Club of Marquette. He is the Demand Planner at RTI Surgical. Learn more about the “Your Wealth” lecture series at <a href="http://www.nmu.edu/yourwealth/">nmu.edu/yourwealth</a>.The ESA at NMU provides students of all majors the opportunity to learn more about the field of economics. <a href= "http://www.nmu.edu/economics/">Learn more about NMU

Degrees Offered

Bachelor Degree

What you'll do at NMU

As an NMU student, your opportunities to get involved on campus and in the community are boundless. Economics students play an active role in the work of the Center for Economic Education and Entrepreneurship, including researching and working with K-12 schools. They also assist the Sam M. Cohodas Professor for economic development in the Upper Peninsula and do rural studies research. Students are encouraged to attend and present at regional and national professional conferences. The Economics Department brings national economic expert speakers to campus. Join the NMU Economics Student Association and organize campus wide forums and presentations or tutor area youth in economics, personal finance, and entrepreneurship concepts.

Economics Departmentecon@nmu.edu906-227-2220

If you have college credit and want to find out what will transfer to NMU, please visit www.nmu.edu/transfercredit