Why Economics?

The major reason for studying economics is that it is useful. Everyone makes economic decisions every day. In your professional career, as well as in your personal affairs, you will face problems of scarcity and consequently must make choices. A knowledge of economics helps you make wise choices. Economics might be best described as a way of thinking about problems—a logical system for processing and using information. The real world is a very complicated place. Economic theory is designed to apply to the real world; it allows you to gain insights into real world economic problems that would be impossible to solve without a theoretical structure. Economic theory helps you make sense out of confusion by helping you determine which variables are important to the economic issue at hand and which are not. In other words, theory allows you to abstract away unnecessary and irrelevant details, and enables you to better decide what information is relevant to the decision at hand and how to use that information.

A number of different career paths are open to students who major in economics. The four main areas of employment opportunities for economics majors include careers in:

Some Economics alumni have kindly provided feedback on their post-university career development by replying to a set of questions. Please read on for their comments below of a few of our alumni success stories.

“I feel like UW-Superior has prepared me well for this position. In combination with T&L degree, Economics program gave me a leverage in analytical and research skills. Economics program not only prepared me for real world job, but overall it has changed my mindset on how I perceive things and make decisions. Rationality and opportunity cost are some of the basic principles for economics and understanding those principles helped me a lot with whatever I do these days.”

- Undralsaikhan Dambii (Class of 2017, Supply Chain Analyst at PepsiCo)

“My peers were willing to assist each other whenever it was necessary and the professors were willing to push my education further than I probably would have by myself. The program taught me how to properly analyze data, be critical of the data, and pay close attention to details.

- Daniel Manion (Class of 2016, Gas Resolution Analyst at ENGIE North America)

“My advisor and mentor set me on the path for graduate school.  My mentor really pushed me to work hard in school and it has since been a great opportunity pursing my PhD. The economics program at UW-Superior is very much an intuition-based economics program.  There are strengths with this approach, because it relies on understanding relationships that are very complex.  This helps to relate economic understanding into the real world and to a broader audience!”

- Elliot Charette (Class of 2015, pursuing a Phd in Applied Economics at the University of Minnesota, Statistical analyst for Hennepin County in the Center for Innovation and Excellence for Hennepin County)

Why Economics?