MAJORING IN ECONOMICS AT YSU. What do ECONOMISTS Do? Rick Kaglic Rick Kaglic being interviewed by Dan Lothian, CNN's Chief White House correspondent Regional.

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Presentation transcript:

MAJORING IN ECONOMICS AT YSU

What do ECONOMISTS Do? Rick Kaglic Rick Kaglic being interviewed by Dan Lothian, CNN's Chief White House correspondent Regional Economist, Federal Reserve Bank of Richmond M.A. in Economics, YSU, 1992 B.A. in Economics, YSU, 1991 Rick currently analyzes economic trends in the Southeast region.

What do Do? What do ECONOMISTS Do? Joseph G. Carson Senior Vice President and Director—Global Economic Research AllianceBernstein Joseph Carson oversees AllianceBernstein Fixed Income's economic analysis team and has primary responsibility for the economic and interest-rate analysis of the United States. AllianceBernstein manages approximately $500 billion in financial assets.

What do Do? What do ECONOMISTS Do? Sara LaLumia Assistant Professor of Economics, Williams College Ph.D. in Economics, University of Michigan, 2006 BA in Economics, summa cum laude, YSU, 2000 “I study how decisions about labor supply and human capital are affected by income taxes.” Sara has published in the Journal of Public Economics, the National Tax Journal, and the Journal of Regional Science. Sara visiting the London School of Economics

Economics Gets People to Places – Some Past Economics Majors Business leaders: Warren Buffett - CEO, Berkshire Hathaway Donald Trump – Real estate/TV mogul Sam Walton – Founder, Wal-Mart Meg Whitman – CEO, Ebay Steve Ballmer – CEO, Microsoft Heads of state: George H. W. Bush – US president Gerald Ford – US president Ronald Reagan – US president Julia Timoshenko – Prime minister, Ukraine Manmohan Singh – Prime minister, India Public officials: Sandra Day O’Connor – Supreme Court justice Arnold Schwarzenegger – Governor, California Georgia Neese Clark – US treasurer Ben Bernanke – Chairman, the US Federal Reserve Kofi Annan – UN secretary General Entertainers, athletes, and others: Cate Blanchett – Actress Mick Jagger – Singer Col. Eileen Collins – Astronaut Bernie Kosar – NFL quarterback Diane von Furstenberg – Fashion designer Muhammad Yunus – Nobel Peace Prize winner

An ECONOMIST Should be able to: Apply economic theory Conduct quantitative analysis Communicateresults

can hold a variety of job titles: ECONOMISTS can hold a variety of job titles: FinancialAnalyst Market Analyst Public Policy Consultant Researcher PurchasingManagerForecaster SalesAnalyst Economic Development Analyst Development Analyst BusinessConsultant

Median Annual Earnings of Economists: $83,590 The middle 50 percent earned between $59,390 and $113,590 (May 2008) Median Annual Earnings of Economists: $83,590 The middle 50 percent earned between $59,390 and $113,590 (May 2008) U.S. Department of Labor Bureau of Labor Stat istics Occupational Outlook Handbook Occupational

July 5, 2005 “… economics and business majors ranked among the five most-desirable majors…” National Association of Colleges and Employers, 2004 survey “… economics and business majors ranked among the five most-desirable majors…” National Association of Colleges and Employers, 2004 survey The Hot Major For Undergrads Is ECONOMICS

Bachelors Programs BSBA in BSBA in BUSINESS ECONOMICS Ideal preparation for employment in the private sector and MBA programs AB in AB in ECONOMICS Greater flexibility in course selection, many pursue double majors Bachelors Programs BSBA in BSBA in BUSINESS ECONOMICS Ideal preparation for employment in the private sector and MBA programs AB in AB in ECONOMICS Greater flexibility in course selection, many pursue double majors

Masters Programs MA IN FINANCIAL ECONOMICS Combines coursework in both finance and economics, an ideal preparation for employment in the financial sector MA IN ECONOMICS Allows students to take a wider variety of courses in economics Masters Programs MA IN FINANCIAL ECONOMICS Combines coursework in both finance and economics, an ideal preparation for employment in the financial sector MA IN ECONOMICS Allows students to take a wider variety of courses in economics

Doctoral Study Graduates have entered Ph.D. PROGRAMS IN ECONOMICS at: Doctoral Study Graduates have entered Ph.D. PROGRAMS IN ECONOMICS at: University of Michigan West Virginia University

Internships and Study Abroad Internships and Study Abroad

Student Organizations Omicrom Delta Epsilon (honorary society) Economics Club Student Organizations Omicrom Delta Epsilon (honorary society) Economics Club

Scholarships The department awards approximately $20,000 in scholarships per year Robert G. and S. Ann Berich Maigetter Scholarship Paul and Marguerite K. Thomas Scholarship Joseph E. Smith Award Scholarships The department awards approximately $20,000 in scholarships per year Robert G. and S. Ann Berich Maigetter Scholarship Paul and Marguerite K. Thomas Scholarship Joseph E. Smith Award

“The Determinants of Foreclosed Property Values: Evidence from Inner City Cleveland” Albert Sumell, Journal of Housing Research “Common and country specific components in national stock prices” Ou Hu, Journal of Multinational Financial Management “The Determinants of Foreclosed Property Values: Evidence from Inner City Cleveland” Albert Sumell, Journal of Housing Research “Common and country specific components in national stock prices” Ou Hu, Journal of Multinational Financial Management Faculty have a Wide Range of Research Interests Faculty have a Wide Range of Research Interests “ Entrepreneurship in Post-Socialist Economies” Tomi Ovaska and Russell S. Sobel, Journal of Private Enterprise “Traditional Public Schools versus Charter Schools: A Comparison of Technical Efficiency” Schools: A Comparison of Technical Efficiency” Joseph Palardy and Todd Nesbitt, Economics Bulletin “The Disadvantaged Incumbents: Estimating Incumbency Effects in Indian State Legislatures” Yogesh Uppal, Public Choice “ Entrepreneurship in Post-Socialist Economies” Tomi Ovaska and Russell S. Sobel, Journal of Private Enterprise “Traditional Public Schools versus Charter Schools: A Comparison of Technical Efficiency” Schools: A Comparison of Technical Efficiency” Joseph Palardy and Todd Nesbitt, Economics Bulletin “The Disadvantaged Incumbents: Estimating Incumbency Effects in Indian State Legislatures” Yogesh Uppal, Public Choice

You and Economics? Think about it… You and Economics? Think about it…