undergraduate
General economics
Best schools with general economics
What is a general economics major?
Economics and econometrics programs focus on the systematic study of the production, conservation and allocation of resources in conditions of scarcity, together with the organizational frameworks related to these processes. It includes instruction in economic theory, micro- and macroeconomics, comparative economic systems, money and banking systems, international economics, quantitative analytical methods, and applications to specific industries and public policy issues.
of students said a highlight of this major was the fascinating subject.
of students found this major to be difficult.
of students said they were motivated to select this major because it fit their passion & interest.
of students and alumni plan on being or are currently employed in an occupation related to this major.
of students said complex concepts were a challenging aspect of the major.
How much do general economics majors make?
median average salary
$100,000/yr
The national average salary for general economics graduates in the United States is $100,000 per year. Those in the top 10 percent make over $300,000 a year, while the bottom 10 percent make under $30,000 a year. While salary ranges can vary by role, industry, and location, general economics graduates typically make between $58,000 and $164,000 per year.
How popular is general economics as a major?
Each year, around 39,600 students obtain a bachelor’s degree and around 2,080 students obtain an associate degree in general economics. In 2021, 39,409 students received a bachelor's degree and 3,446 students received an associate degree. This is relatively the same number of general economics majors as there were in 2020. Overall, economics is a relatively popular area of study.
Advice from general economics majors
Share your experienceYou will spend innumerable hours with your nose in a textbook and your fingers tapping away at a calculator, but remember that humans are irrational and unquantifiable, and the most valuable lessons are learned through studying real-world applications.
There is nothing more important than understanding the fundamentals. Upper-division level courses will call back to the basics at every turn, if you don't understand those intro-level courses well you'll suffer greatly later on.
It can sound intimidating; however, just like any other major, it simply requires time and dedication towards studying and homework. Economics is everywhere, and it is highly intriguing.
Just make sure you pay attention and study, study, study!
