Economics

Economics is the study of human energy – how we organize our efforts to get what we want. Market exchange plays a central role in this process, but processes of conflict and coordination that take place outside of markets are also important. Economics contains two broad sub-disciplines: microeconomics analyzes the individual behavior of households, business firms, and governmental entities; while macroeconomics focuses upon aggregate economic performance of nations and their interdependencies in the global economy.

Undergraduate program options include a Bachelor’s degree, a minor, and multiple certificates.

Welcome to the Economics Community

Economics attempts to understand the economic choices of individuals, families, firms, and other institutions. For example, how do parents allocate time and other family resources? How do firms decide what to produce and whom to hire? Economists also attempt to understand the workings of the economy as a whole. What causes inflation, unemployment or inequality? How do regulation and deregulation of industries affect product prices and quality? Why does the cost of medical care rise faster than other costs? Economists have developed a body of principles and methods which help them to think about these problems. The study of economics is the study of those principles and methods, and their application to questions such as those mentioned above.

Economics majors all take courses in two basic areas of economics: microeconomics and macroeconomics; and in statistics and mathematics, which are useful tools in the study of economics. The remaining courses are chosen by the students themselves, in accordance with their interests and career objectives. Every student takes at least four courses of his or her choice in Economics; these can be courses in methods or courses in applied areas. Every student also has the option of substituting a five-course collateral field composed of courses taken outside of Economics for two otherwise required courses in Economics, as described in “The Major”; and “The Collateral Field Option.” Examples of such fields are: history, international relations, business management, and political science.

SBS Financial Aid Scholarship

The SBS Financial Aid Award is funded by multiple donors and supports SBS students who have demonstrated financial need as verified by the Financial Aid Office and who have good academic standing with a GPA of 2.0+.

The scholarship committee will review applications on a case …

By Koni Denham
Koni Denham Director of Student Success - SBS
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SBS Award for Summer Internships

This scholarship award supports SBS students who will complete internships during the summer ’24 semester. Candidates must be in good academic standing with at least 45 credits. Preference will be given to students with a cumulative GPA of at least 2.0. Students can apply …

By Koni Denham
Koni Denham Director of Student Success - SBS
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LeBovidge Undergraduate Research Scholarship

Funded by Alan and Carol LeBovidge, this scholarship supports an undergraduate student who is working as a research assistant with a UMass Amherst faculty member in the College of Social and Behavioral Sciences during the summer 24 or Fall 24 …

By Koni Denham
Koni Denham Director of Student Success - SBS
Read more

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Featured Alumni

Becca Eige’18, Economics

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Featured Resources

The Economics Department encourages students to study away from Umass and will work with you to fullfill economics major and …

To keep up to date with Economics Department events and announcements, internship and job postings, fellowship opportunities, Undergrad Economics Club …

Skill-Building With Linkedin Learning Classes

See below for skill-building classes – visit LinkedIn Learning for more.

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This beginner-level course will introduce new users to Excel 2016. Author David Rivers covers the interface, creating and opening workbooks,…

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Relevant Courses

Research Opportunities

The Department of Economics has instituted a program of undergraduate research assistantships in which current students majoring in economics work …

Explore Outcomes

The SBS Office of Career & Professional Development annually surveys graduating seniors in order to provide a snapshot of their post-graduation plans.  The survey begins just prior to graduation, and continues until six months after graduation.  Our data collection process is guided by the industry standard put forth by the National Association of Colleges & Employers, and includes information collected by the SBS Office of Career & Professional Development, the Office of Institutional Research at UMass Amherst, and by various academic departments, as well as from information that is made publicly available by students.  The SBS undergraduate outcomes knowledge rate for 2022 was 70%, though knowledge rate varies among departments.

The SBS Office of Career & Professional Development annually surveys graduating seniors in order to provide a snapshot of their post-graduation plans.  The survey begins just prior to graduation, and continues until six months after graduation.  Our data collection process is guided by the industry standard put forth by the National Association of Colleges & Employers, and includes information collected by the SBS Office of Career & Professional Development, the Office of Institutional Research at UMass Amherst, and by various academic departments, as well as from information that is made publicly available by students.  The SBS undergraduate outcomes knowledge rate for 2022 was 70%, though knowledge rate varies among departments.

  • First Destination
  • Top Employers
  • Starting Salary
  • Job Titles
  • Employment Locations
  • Top Universities
  • Degree Types
  • Fields of Study

First Destination

SBS graduates pursue a range of plans after graduation, including employment, continuing education, and volunteering/service, among others.  This graph depicts what recent SBS graduates tell us they are doing within six months after graduation.