An unknown author once wrote: "Economics is the only field in which two people can get a Nobel Prize for saying exactly the opposite thing."
How can that be? Well, economics is the study of making choices. What resources does an individual, a company or a society use in light of social values and needs. Or in light of the scarcity of resources.
One of the principal reasons to study economics is that it develops a method of thinking and analysis that can be directly applied in many different fields.
At Parkside you learn the principles and methods of economics and their application to real-world problems.
Economics provides a fundamental background for work in business, law, social science, and politics. Economics majors and minors develop skills to problem solve and analyze economic phenomena and make proficient economic decisions.
In addition to core principles and theory, the Economics Department teaches a wide range of advanced courses in various sub-fields of economics including industrial organization, international, public, and sports economics, and money and banking.
Careers and study after Parkside
The economics program provides an excellent foundation for graduate work in business, law, or the social sciences. The quantitative concentration in the economics major is designed particularly for students who expect to study economics or related fields in graduate school. Recent economics graduates have been accepted into graduate programs at the University of Georgia, George Washington University, the University of Oregon, the University of Wisconsin-Milwaukee, and the University of Wisconsin-Madison.
Michael Haedt ('10) joined the Internal Revenue Service in 2010 shortly after earning his economics major from Parkside. Haedt says his job of revenue officer isn't always popular, since it could mean shutting down a business when tax liabilities exceed the ability to pay. "An economics degree gives me an analytical view," he said. "I have to make these decisions every day on whether a business on the margin can turn it around." Haedt saluted his professors for his success: "They guided me from step one. They were amazing; willing to tutor in the evenings if I needed additional help."