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Economics

Overview

Economics is woven into the fabric of society. It is the engine that drives and shapes public policy, determining how individuals and families live and work, how business and industry operate, in short - how the world works. If you’re curious about people and human behavior, have an interest in history and political science, and enjoy the structure and reasoning of mathematical-style analysis, you’d do well majoring in economics.

As an economics student at Hofstra, you will learn about every level of economics - from how people go about the everyday business of making a living, to how our shared actions and attitudes affect the livelihoods of every person on the planet.

All our programs begin by building a firm foundation in basic economic principles before moving into more specialized studies depending on your interests. You will be exposed to a wide variety of ideas about how corporate, regional, national and international economies grow and change over time. You will learn how to apply historical knowledge and analytical and predictive tools to help plan for future trends. And you will gain insights into how sound economic policies influence and inform nearly every aspect of society.

All our programs begin by building a firm foundation in basic economic principles before moving into more specialized studies depending on your interests. Our faculty is diverse and international, which provides a real-life global dimension to your studies. No matter which Economics degree you pursue, you’ll find that our professors’ different views and backgrounds encourage lively discussions, allowing you to develop your own perspective on the gamut of economic theories and systems.

Students who earn a general economics degree in the New York region earn an average annual salary of $61,141, and job growth for this major is projected to increase about 14 percent by 2026, according to New York area labor market data retrieved in July 2018 by Burning Glass Technologies. For students with a business/managerial economics degree, average annual salary is $70,259 and job growth is expected to rise about 20 percent.

Majoring in economics signals to employers across all industries that you possess a highly prized set of skills and talents: critical thinking, the ability to do qualitative and quantitative research, and a deep, abiding curiosity about the world.

Curriculum

All Economics students at Hofstra receive a thorough grounding in basic economics principles, including micro- and macroeconomics, historical economic theory, mathematical methods and econometrics.  From there, your program will diverge depending on whether you choose a BA or BS degree in Economics.

  • BA in Economics:  You’ll go on to gain a deeper understanding of economic theories and their effect on society,  often as a precursor to a government, academic or consulting career. The BA degree is great preparation for graduate study in law or business administration.
  • BS in Business Economics: You’ll focus on the practical aspects of economics as preparation for work in the corporate world. You’ll explore specific business disciplines more deeply, and discover how economic theory and practices interact with individual businesses and industries. Students in the BS program also take electives in the Frank G. Zarb School of Business.

Many students choose to pursue double majors, combining Economics with Political Science, Philosophy or other social sciences, or with various business disciplines or pre-law. We also offer BA in Mathematical Economics, a BS in Mathematical Business Economics, a Labor Studies degree and a minor in economics. In addition, students can opt for an accelerated dual degree program that leads to either a BA or BS in Economics/MBA degree.

Recent Alumni Outcomes

Economics students at Hofstra are ready to achieve success in academic, corporate, government, and non-profit jobs, or to pursue an advanced degree. Recent graduates of Hofstra’s Economics programs are actively employed in a variety of government and corporate settings, including:

  • Altice USA, Inc.
  • Chase Bank
  • Empire Financial Partners of New York
  • Foresters Financial
  • Goldman Sachs Group, Inc.
  • NYC Housing Authority
  • Prudential Financial, Inc.
  • Royal Bank of Canada Wealth Management
  • Wells Fargo & Co
  • YMCA of Greater New York

Among the institutions where our students are pursuing advanced degrees are: Brown University, Columbia University, Erasmus University Rotterdam, George Mason University, Hofstra University, Johns Hopkins University, New York University, Northeastern Law School, UCLA, and Washington and Lee University.

90% job, grad school or both
100% accepted a job within six months of graduation
$42K median salary*
Get More Info on Program Outcomes
*Represents median salary for the first year following graduation

Internships/Experiential Learning

Students in Class

As a profession, economics is often considered more theoretical than practical. Although Hofstra’s economics degrees focus on academic course work, we also encourage students, particularly those in our Business Economics program, to acquire professional experiences through internships with local and regional businesses, government agencies, and non-profit institutions. These opportunities let students explore different careers, learn general business skills and explore the practical application of their studies. What’s more, many internships have led to eventual full-time jobs with the same employer, or in the same area of business or government.

Some of the internship opportunities our Economics students have completed include:

  • Ameriprise Financial
  • Central American Refugee Center (CARECEN)
  • Empire Wealth Strategies
  • Ernst & Young, LLP
  • Goldman Sachs
  • Mediterranean Shipping Company
  • Morgan Stanley
  • NY State Legislature
  • Roc Nation
  • Wells Fargo

Meet Marissa Espinoza

Fulbright scholar Marissa Espinoza majored in economics, political science and psychology. She served as president of the Hofstra chapter of Common Sense Action, a bipartisan millennial movement to get her generation engaged with policy making and politics. During her time at Hofstra, she completed four internships and also received a grant to conduct research on the Federal Reserve’s post-financial crisis policies.


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