Why Study Economics at Baylor? Steve Green Professor of Economics & Statistics Chair, Department of Economics

It’s 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

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

It’s 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

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 Restricted membership

Great Faculty! Like all Baylor faculty, we are available to you. 20 faculty members, 13 of whom have PhD’s, 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.

Prepare for Grad School! Average LSAT Scores Current Rank Major Average Score Number of Students 1Economics155.32,916 2History154.05,819 3English153.76,324 4Engineering152.72,656 5Journalism & Languages152.52,002 6Finance152.22,009 7Psychology151.93,977 8Accounting151.82,340 9Political Science ,388 10Communication & Arts150.73,898 Nieswiadomy, Michael (1998), "LSAT Scores of Economics Majors," Journal of Economic Education, Volume 29, Number 4, Fall, pp

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

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

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:

It’s Rewarding! Average Salary Offers to Bachelor Degree Graduates September 2001 Computer Eng.53,653Political Science32,665 Computer Science52,473English31,014 Information Sys.45,230Communications30,943 Mathematics44,277History30,173 Economics/Finance40,776Psychology29,952 Accounting39,720Biology29,846 Chemistry38,744Sociology29,571 Management37,844Secondary Ed.28,583 Source: National Association of Colleges and Employers

What’s 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

Let’s Keep Talking! Phone: Economics Department Web Site: business.baylor.edu/eco Link to this Slide Show (accessible from Economics web site): business.baylor.edu/Steve_Green/Premiere.ppt