The study of economics investigates the consequences of scarcity, which forces people, organizations and governments to choose among competing objectives. Economics looks at these choices and how they affect the production of goods and services, market prices, national output, unemployment, inflation, economic growth and the use and distribution of resources within and across nations. Part of the social and behavioral sciences in the Columbian College of Arts and Sciences, the economics program exposes students to macroeconomics, microeconomics, labor economics, the economics of industry, international finance, international trade and development, money and banking, the economics of government and public policy and econometrics.
Related Majors, Minors, and Concentrations
Several areas, including mathematics, statistics and computer science, complement an economics undergraduate degree. Majors often minor or double major in these areas.
What can I expect to learn in the Economics program at GW?
Besides an overview of the economic implications of people’s choices, a number of specific analytical and statistical skills are developed. Students learn how to understand the workings of markets and how prices are determined. A capstone experience involves developing a substantial research paper in a seminar setting.
What is the Economics learning community like at GW?
The Economics Department at GW is a community of teachers and researchers who are experts in macroeconomics, microeconomics, labor, industrial organization, environmental economics, international finance, international trade and development, money and banking, public finance and econometrics.
What can I do in the Economics field?
The economics major prepares students for graduate study in economics, finance and public policy. It is excellent preparation for law school and graduate business programs. Students with B.A. or B.S. degrees in economics obtain employment in the federal government, consulting firms, law firms, international organizations and private corporations.