Is there a better or more appropriate time to study economics? We believe there is not!
What is Economics? It is both a lens and a vocation - an essential tool for understanding the complexities of modern society.
Economics studies and engages considerable more than monetary and financial topics and issues – a commonly help perception. It is a vibrant social science that ranges across all fields relevant to humanity.
The University of New Haven’s energetic, dynamic, dedicated and knowledgeable faculty will guide you through your training in economics and prepare you for careers in business, communications, policy, data management, quantitative analysis, international studies and law, among others.
Start your career with an alternative focus and a more hands-on method to economics education. Our focus is on behavioral economics and analytics; our methods are student-centered.
Behavioral Economics studies the effects of social, cognitive, and emotional factors on the economic decisions of individuals and institutions and the consequences for market prices, returns and the resource allocation. The field is primarily concerned with the bounds of rationality of economic agents.
And what do we mean when we say hands-on and student-centered?
The UNH Economics Collective – which you can reach at http://unheconomicscollective.ning.com/ - is an economics-student-driven learning community. It reflects our belief in the need to emphasize interaction with business leaders, intellectual collaboration with other students and alumni, networking, and the need for a consistent and continued relationship development and integration of knowledge. On this site, students, faculty, friends, and alumni engage in a vigorous exchange of ideas and issues relevant to our community; or they may simply post their cat videos. The Collective is entirely run by a group of economics students – from first year to seniors; you will be expected to participate and actively post.
We rely on the New Haven Economic Laboratory to showcase the focus we place on training and on providing you with relevant and useful economic skills; you can access the Laboratory at www.scepl.org. During your senior year – in the Capstone sequence – our students, working closely with faculty, devote considerable amount of time learning skills highly valued in today’s workplace. The focus during the first capstone course is on traditional applied know-how such as writing and researching skills, data preparation, location analysis, shift-share applications, forecasting, all combined with sound economic analysis.
In the second capstone course – the focus shifts towards training in Predictive Analytics and Advanced Forecasting using STATISTICA, a popular Data Mining package. The students publish their work and analysis in the Laboratory, and actively collaborate and contribute to the Laboratory’s Quarterly Report, - a publication whose focus is on the economy of the broader New Haven region. You can access the latest copy of the Quarterly Report here: http://www.scepl.org/documents/SCReportOctober2014.pdf.
In Applied Econometrics course, you will learn how to use STATA, a common software used among economist that can run big data, during the data analysis and modeling.
The two capstone courses are the vehicle where you hone your analytic and quantitative skills. The faculty also requests that you write a thesis, and present a paper in a public forum based on your thesis research. During this process you work closely with all of the department faculty members. You can see this year’s thesis topics and the presentation schedule here: http://unheconomicscollective.ning.com/blog/senior-thesis-presentations-save-the-date. We hope you can join us.
Who Studied Economics?
Economics is the most popular major of CEO's of Fortune 500 firms. Some famous people who have studied economics are: Steve Ballmer (Microsoft), Ted Turner (CNN), Meg Whitman, (Ebay), Scott McNealy (Sun Microsystems), William Harrison, Jr. (JP Morgan Chase), and Donald Trump (Real Estate), Sam Walton (Wal-Mart). The list of famous people who have studied economics also includes names from entertainment, sports, and politics: Ronald Reagan, George H.W. Bush, Gerard Ford, Arnold Schwarzenegger, Lionel Richie, Diane von Furstenberg, Scott Adams, Danny Glover, Paul Newman, Cate Blanchett, Mick Jagger, John Elway, Bill Belichick, and Tiger Woods. Famous Economist Hal Varian is serving as Chief Economist at Google after he retired from University of California, Berkeley.
Economics faculty members are active in research and publishing articles in academic journals and edited collections. Students can become involved as research assistants and/or conduct their own research under the guidance of a faculty member through independent study.
Chair, Department of Economics
Professor Armando E. Rodriguez, Ph.D.