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Economics

Economics at IU South Bend

A student deciding to major in Economics at IUSB can select one of two different programs. The information listed below, briefly outlines the requirements for each of these programs and provides some information about the Economics Program at IUSB.

If you have any questions about the requirements or about the Economics Program, please contact any of the following members of the Economics Faculty:

Faculty

Office

Phone

Dr. Hong Zhuang (Chair) 216E Administration Bld 574-520-4634
Dr. Dana Costea 207A Administration Bld 574-520-4303
Dr. Vicar Valencia 203F Administration Bld 574-520-4171
Dr. Gihoon Hong 203D Administration Bld 574-520-4397

Purpose of the Two Degrees in Economics:

B.S. General Degree

Designed for students who intend to work in management jobs in business or government or pursue graduate-level training in Business, law, public administration, or other professional areas.

B.S. Quantitative Degree

Strongly recommended for those students planning on doing graduate work in Economics or Quantitative MBA Programs.


The Job Market for Economics Majors:

The availability of jobs for Economics majors is greater than for most college majors. Jobs are available that do not require any graduate training, but graduate training will open up a wider range of job possibilities. The study of Economics is an excellent way to prepare for law school or graduate training in business. The University of Michigan has indicated to us that "economics majors are among the best prepared for our MBA program."

A recent edition of the Occupational Outlook Handbook, a book published by the government, which examines the outlook for various careers, states "Employment of economists is expected to grow about as fast as the average for all occupations." This publication goes on to say "Overall, economists are likely to have more favorable job prospects than most other social scientists." Students that double major in economics and one of the business areas (see below) should find an even stronger demand for their services upon graduation.


Double Majors:

Students wishing to combine the overall view of the economic system, that economics provides, with training in a specific business discipline (Accounting, Finance, Management & Administration, Marketing, etc.), thereby maximizing their chances of employment, should consider double majoring in economics and one of the business disciplines.

Students wishing to combine a major in Economics with a business degree in Management & Administration or Personnel and Industrial Relations can do so without being required to take a single credit hour beyond the 123 credit hours required of all business majors. Combining a major in Economics with a major in Accounting, Finance, Marketing, or Marketing/Advertising requires students to take slightly more than 123 credit hours. If you do decide to double major, you should use your electives to take required courses for economics majors. If you are interested in this possibility, please stop by the office of one of the members of the Economics faculty.