About the program
|Joanna Short, Augustana associate professor of economics, and Federal Reserve economist William Strauss talk with students before class Jan. 27, 2009. See story. (Student Photo Bureau/Jeff Chin)|
- The Economics Department provides students with the tools to analyze a variety of situations and problems, offering a major and minor in the field. They gain an understanding of past and current events, and have the perspective to apply economic reasoning to future problems. In the process, students become familiar with the methods and institutions humankind has developed to deal with scarcity - from the level of individual consumers and firms to the level of the global economy. Providing students with a solid background in economics helps them become thoughtful citizens who are prepared for advanced study or employment in the field.
- Many Augustana economics majors pursue another major or minor -- typically, business administration or accounting. Some students find it useful to combine the economics major with the study of mathematics, languages, natural science or other social sciences.
- All full-time economics faculty have earned PhDs from the University of Iowa, University of Illinois or the University of Indiana. Faculty have research experience in economic history and development economics. Senior-level courses are taught in these fields, as sort of a culminating use of all the theory and concepts from introductory and intermediate courses. Other strong course offerings are in the areas of international trade and international finance.
Outside the classroom
- The Augustana Business Club is a student-run organization where students interact with employees and business leaders from various industries. This club helps students develop their career paths through educational resources and corporate involvement.
- Business Day is a premiere job-shadowing event exclusively for Augustana students. Students spend a day shadowing a business executive of their choosing. It's a valuable opportunity for students to see how their academic path connects with the professional world.
- Recent figures show that 75 percent of Augustana economics graduates continued their studies, most commonly in law or M.B.A. programs. Augustana's economics program is sufficiently rigorous to prepare students to excel in well-regarded graduate programs. These include Ohio State University (accounting), Southern Illinois University (economics), University of California-San Diego (public policy), University of Illinois (finance) and Southern Illinois University (geography).
- Employment: private sector, Deere & Co., Country Insurance and Finance, First Investors Corp; government, U.S. State Department.
What students say
Curt Hurd '07, accounting, business administration/international business and economics major Graduate Fellow, Fisher College of Business, The Ohio State University:
"Whenever I interviewed with graduate programs they were always impressed with the broad perspective that Augustana's liberal arts education provided me with. They were also impressed with the fact that I had a triple major, which I was able to pursue due to the many opportunities available at Augustana. I know that my education at Augustana has prepared me not only to succeed in graduate school, but also to excel once I join the workforce."
Susan Heilig '07, earned a master's of Pacific International Affairs from the School of International Relations and Pacific Studies at the University of California, San Diego. Now employed with the U.S. Census Bureau as a survey statistician/analyst:
"Studying economics put me at an advantage in my coursework [in graduate school]. In the first year we had to take a variety of economics and statistics courses that required the use of mathematics-based approaches. Having an economics background really helped me excel in these classes."