Economics

Economics

 

WHAT IS ECONOMICS?
Economics is the study of money and markets. Students study social issues and examine them from the perspective of government, a business or individual. Data analysis is used to examine past or present phenomenon to determine future decisions. A background in economics may lead students to jobs in law, finance, insurance, or business administration in the public or private sector. Economists are often found in consulting or economic analyst jobs.

 

CAREERS AND SALARY
Based on the Bureau of Labor Statistics, May (2009) from www.bls.gov, the median annual wage was $96,320. Salary data listed below was taken from www.bls.gov/oes/current/oes193011.htm In 2008, 53% of economist were employed by government.

 

 

Position Median Salary
Research and Development $128,920
Federal Executive Branch $106,170
Central Bank $118,440
Local Government $71,280
Consulting $123,710
Legal Services $120,640
State Government $56,940