Political Economy

Political economy prepares students for the advanced study of economics. It is also a useful preparation for careers in, or the advanced study of areas including law, political science, public policy, and urban and regional planning. Economists study the production and distribution of resources, goods, and services by collecting and analyzing data, researching trends, and evaluating economic issues.

Career Outlook

 


6% Job Market Growth

$113,940 Median Salary

 

Employment of economists is projected to grow 6 percent from 2022 to 2032, faster than the average for all occupations.

The median annual wage for economists was $113,940 in May 2022. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $62,480, and the highest 10 percent earned more than $207,230.

In May 2022, the median annual wages for economists in the top industries in which they worked were as follows:

  • Management, scientific, and technical consulting services $130,160
  • Federal government, excluding postal service $130,100
  • Scientific research and development services $106,720
  • Local government, excluding education and hospitals $86,910
  • State government, excluding education and hospitals $80,520

Program Stats

Our Alumni Work in these Occupations

  • Project Management and Operations Specialists
    1

Our Alumni Work Here

  • Naval Surface Warfare Center
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Student Learning Outcomes

  1. Demonstrate understanding of key issues and the acquisition of key skills related to:

    • accounting
    • business ethics
    • finance
    • management
    • marketing
    • quantitative business tools
    • the economic environment of business
    • the international environment of business
    • the legal environment of business
    • the social environment of business
  2. Integrate understandings of and skills related to functional business areas and relevant environmental contexts in the course of strategic business decision making.

Partial information in this page was retrieved from Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Economists, at https://www.bls.gov/ooh/life-physical-and-social-science/economists.htm (visited October 04, 2023).