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Economics
In broad terms, economics is the study of mankind's
efforts to obtain the goods and services required for survival, for reasonable
comfort and, when possible, for affluence. It thus concerns itself with all the
problems associated with society's struggle to survive and prosper in a world
possessing limited productive resources coupled with seemingly unlimited human
desires. Business administration shares with the discipline of economics some
of the same conceptual concerns, but its focus is on the business firm and its
well-being. Economics is a social science focusing on the economic well-being
of society.
The faculty members of the Department of Economics
have specialized backgrounds in many areas: economic analysis of societal
concerns such as inflation and national output, and the problems of individual
companies and consumers, public finance, regulations, economic history,
economics of developing nations, econometrics and forecasting, money and
banking, international economics, urban economics, labor, economics of poverty,
government and business and market structure. A student may elect to pursue
a Bachelor of Arts in the College of Arts and Science or of the Alfred Lerner
College of Business and Economics, or a Bachelor of Science in the Lerner
College of Business and Economics. Double majors in both colleges are also
possible.
The completion of a major in economics will not
create a professional economist, but it will provide the general background necessary
for graduate study in the field and for a wide variety of jobs which necessitate
analysis.
Approximately 25% of the University's economics
majors continue their education with enrollment in law school or graduate
programs in economics or business administration. It is also appropriate
preparation for programs in urban affairs, public administration or international
relations. Economics majors seeking employment immediately after college
generally choose jobs in management, insurance, real estate, financial analysis,
computing systems, consulting, banking, sales and public administration.
Course work in quantitative areas enhances job opportunities for economic
majors. Students should contact the departmental office, 406 Purnell Hall,
visit the departmental website at www.udel.edu/Economics,
or call 831-2565 for more information.
Sample Job Titles
| Bachelor's Degree/Entry Level |
Further Education/Experience
Often
Required |
| *financial analyst |
*marketing manager |
| *management trainee |
*economist |
| *economic analyst |
*managing consultant |
| *trade specialist |
*investment banker |
| *credit analyst |
*controller |
| *trust officer |
*market researcher |
Check the Dictionary of Occupational Titles
under section 050 for additional related careers.
Enhancing Employability
- Participate in Internships,
Field Experience Placements and Alumni
Mentor Program.
- Sample UD Field Experiences: Dean Witter
Reynolds, Delaware Development Office/World Trade Section
- Plan on graduate degree for advancement.
- Acquire advanced sophisticated math and statistical knowledge.
- Develop ability to think in theoretical terms and apply to practical situations.
- Join relevant student organizations to develop leadership skills.
Some Employers of Economics Majors
Ameriprise Financial
www.ameriprise.com
Board of Governors of the Federal Reserve System
www.federalreserve.gov
Cambridge Associates
www.cambridgeassociates.com
CIGNA
www.cigna.com
Citigroup Corporation
www.citigroup.com
Economy.com
www.economy.com
EI DuPont de Nemours
www.dupont.com
Federal Reserve Bank of NY
www.newyorkfed.org
GEICO Direct
www.geico.com
ING Direct
www.ingdirect.com
MassMutual
www.massmutual.com
Merrill Lynch
www.ml.com
Northrop Grumman
www.northropgrumman.com
PFPC Worldwide
www.pfpc.com
Smith Barney
www.smithbarney.com
Vanguard
www.vanguard.com
Wells Fargo Financial
www.wellsfrago.com
Other Sources of Information
National Association for Business Economists
www.nabe.com
American Economic Association
www.aeaweb.org
Econ Jobs
www.econjobs.com
Economics Bulletin
www.economicsbulletin.com
Institute for International Economics
www.iie.com
National Council on Economic Education
www.ncee.net
JOE - Job Openings for Economists
www.aeaweb.org/joe
State of Delaware (list of agencies)
www.delaware.gov/egov/portal.nsf/portal/agencylist_dept
The Riley Guide
www.rileyguide.com
Resources for Finding Employment
University of Delaware Career Resource Center Materials
Available
- Corporate Leadership Development Programs
(CSD 107)
- Job Opportunities in Business (CSD 129)
- Encyclopedia of Business Information Sources
(CSD 130)
- Business Economics Membership Directory (CSD
131)
- Associations USA (CSD 132)
- Corporate Yellow Book (CSD 134)
- Vault Guide to the Top 50 Finance Employers
(CSD 136)
- Vault Guide to the Top 50 Consulting Firms
(CSD 137)
- Executive Recruiters Almanac (CSD 166)
- Top Careers for Business Graduates (CSE 83)
- Great Jobs for Business Majors(CSE 84)
- Careers in Focus - Business (CSE 85)
- Careers in Focus - Entrepreneurs (CSE 88)
- Great Jobs for Economics Majors (CSE 89)
- Top Careers for Economics Graduates (CSE 91)
- Careers in Business (CSE 99)
- Careers in International Business (CSE 100)
- Management Consulting (CSE 111)
- Opportunities in Insurance Careers (CSE 145)
- Opportunities in Banking Careers (CSE 150)
- Careers for Financial Mavens & Other Money
Movers (CSE 163)
- Careers in Finance (CSE 164)
- Geographic Directories of Employers (GD 1-200)
- Graduate Programs in Business, Education,
Health, Information Studies, Law & Social Work (GS 40)
- Best 143 Business Schools (GS 87)
- Vault Business School Buzz Book (GS 88)
- The Career Guide (ID 5)
- Hoovers Handbook of American Business (ID
10/11)
- Directory of Corporate Affiliations (ID 21-28)
- National Association of Colleges & Employers
(NACE) Annual, Vol. 2
- www.udel.edu/CSC/netresources.html
CSC's Internet Resources
Further information including: Skills to Develop,
Strategies for Contacting Employers, Grad School Information, and where to
get assistance is available in the CAREER RESOURCE CENTER located at 401 Academy
Street.
Last updated: May 19, 2008 (CH)
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