Why Study Economics at Baylor? Steve Green Professor of Economics

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Why Study Economicsat Baylor?Steve Green
Professor of Economics StatisticsChair,
Department of Economics
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Its Interesting!

• Choose from courses such as
• Economics of Health and Medical Care
• International Trade Theory and Policy
• Economics of Poverty and Discrimination
• Law and Economics
• Game Theory
• Economics of Developing Countries
• E-Commerce Economics

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Its Flexible!

• Its the only major available in three degree
  programs
• B.B.A.Good for career entry, pre-MBA, or may be
  coupled with 2nd BBA major (i.e., finance)
• B.A.Good for pre-Law, pre-PhD, or may be coupled
  with a 2nd B.A. major (i.e., political science)
• B.S.Good for pre-Med or may be coupled with a
  2nd B.S. major (i.e., physics)

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Its Challenging!

• A well-rounded economist should develop a
  strong background in
• Analytical and critical thinking
• Mathematics and statistics
• Writing
• Public speaking
• History and public policy
• Ethics and moral philosophy

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Great Student Organizations!

• Baylor Economists
• promotes social interaction and academic
  involvement of economics students. Open
  membership.
• Omicron Delta Epsilon
• national honor society in economics, received its
  official charter in 1951. Restricted membership

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Great Faculty!

• Like all Baylor faculty, we are available to you.
• 20 faculty members, 13 of whom have PhDs,
  representing 12 different universities.
• Brown U., Indiana U., Michigan State U., Oklahoma
  State U., Purdue, SMU, U.C. Berkeley, U. Florida,
  U. Illinois, UNC Chapel Hill, USC, UT Austin.
• Economics faculty members are active in research
  and most have significant international
  experience.

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Prepare for Grad School!
Average LSAT Scores Average LSAT Scores Average LSAT Scores Average LSAT Scores
CurrentRank  Major AverageScore Number ofStudents
1 Economics 155.3 2,916
2 History 154.0 5,819
3 English 153.7 6,324
4 Engineering 152.7 2,656
5 Journalism Languages 152.5 2,002
6 Finance 152.2 2,009
7 Psychology 151.9 3,977
8 Accounting 151.8 2,340
9 Political Science 151.6 15,388
10 Communication Arts 150.7 3,898
Nieswiadomy, Michael (1998), "LSAT Scores of EconomicsMajors," Journal of Economic Education, Volume 29, Number 4,Fall, pp. 377-379. Nieswiadomy, Michael (1998), "LSAT Scores of EconomicsMajors," Journal of Economic Education, Volume 29, Number 4,Fall, pp. 377-379. Nieswiadomy, Michael (1998), "LSAT Scores of EconomicsMajors," Journal of Economic Education, Volume 29, Number 4,Fall, pp. 377-379. Nieswiadomy, Michael (1998), "LSAT Scores of EconomicsMajors," Journal of Economic Education, Volume 29, Number 4,Fall, pp. 377-379.
 
 
 
 
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Prepare for Grad School!

• "Of all the majors, economics ranks in the top
  four or five consistently. . . Logical reasoning
  and analytical skills are critical to legal
  studies.
• -Edward Tom, U.C. Berkeley Boalt law school
  admissions director
• "The best people are more frequently taking
  economics as their major. . . It shows they have
  the intellectual fire in the belly to perform
  well in an MBA program."
• - Richard Silverman, Yale School of
  Management, admissions director
• Source Wall Street Journal, November 30,
  1998 (Page A2

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Prepare for Grad School!

• Economics is a good major for a wide range of
  graduate study opportunities
• MBA (take Accounting and Finance)
• Law
• Medicine (choose BS-Eco)
• Health Care Administration
• Public Administration
• Public Policy
• Environmental Studies
• Public Health
• PhD program in Economics (take lots of Math)
• PhD program in Finance, Accounting, Marketing, or
  Management

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Employment Opportunities

• A wide range of employment opportunities in
  business organizations, government agencies,
  educational institutions, research centers, and
  international organizations.
• According to the U.S. Department of Labor,
  Employment of economists and market and survey
  researchers is expected to grow faster than the
  average for all occupations through 2010, in a
  range of 21 to 35 percent.Source
  http//stats.bls.gov/oco/oco20016.htm

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Its Rewarding!
Average Salary Offers to Bachelor Degree Graduates September 2001 Average Salary Offers to Bachelor Degree Graduates September 2001 Average Salary Offers to Bachelor Degree Graduates September 2001 Average Salary Offers to Bachelor Degree Graduates September 2001 Average Salary Offers to Bachelor Degree Graduates September 2001
Computer Eng. 53,653 Political Science 32,665
Computer Science 52,473 English 31,014
Information Sys. 45,230 Communications 30,943
Mathematics 44,277 History 30,173
Economics/Finance 40,776 Psychology 29,952
Accounting 39,720 Biology 29,846
Chemistry 38,744 Sociology 29,571
Management 37,844 Secondary Ed. 28,583
Source National Association of Colleges and Employers Source National Association of Colleges and Employers Source National Association of Colleges and Employers Source National Association of Colleges and Employers Source National Association of Colleges and Employers
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Whats happening at other top universities?

• Economics is the top major in enrollment at
  Harvard, Princeton, Columbia, Stanford and the
  Universities of Pennsylvania and Chicago second
  at Brown, Yale, and the University of California
  at Berkeley and third at Cornell and Dartmouth.
• Source Wall Street Journal, November 30,
  1998, Page A2

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Lets Keep Talking!

• E-mail Steve_Green_at_Baylor.Edu
• Phone [phone]
• Economics Department Web Site business.baylor.edu
  /eco
• Link to this Slide Show (accessible from
  Economics web site) business.baylor.edu/Steve_Gr
  een/Premiere.ppt