History of the Economics Department
Brigham Young University’s first course in economics was taught in 1895 and the Department of Economics was established in 1921. Currently, approximately 28 faculty members are housed in the department and their varied research fields include international trade, migration, health, labor, disability, economic theory, education, industrial organization, financial, monetary, applied micro, game theory, industry dynamics, econometrics, applied econometrics, law and economics, development economics, political economy, microeconomic theory, family, urban, and environmental economics.
Economics examines how societies choose to allocate scarce resources among competing uses. A broad range of contemporary policy issues are studied in fields such as natural resource and environmental economics; economic development and growth; international trade and finance; economic history; the organization of industries; the development and efficiency of law; business cycles; labor markets; and public and private finance.
Students who study economics pursue careers as professional economists (in business, government, or academia) as well as careers in law, medicine, and business, which often require training beyond a bachelor’s in economics. Other possible careers economics students pursue include, but are not limited to, analyst, economic consultant, financial planner, investment banker, policy analyst, (management) consultant, and stock broker.