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Economics

Economics courses at Inver Hills give you a strong foundation in economics, covering areas such as the world economy and microeconomics. If you are considering economics or a related field as your major, you can transfer your Inver Hills coursework to a four-year college or university.

Contact Information

Shannon Marting

smartin@inverhills.edu
651-450-3616

Admissions Team

admissions@inverhills.edu
651-450-3000
College Center

Economics courses at Inver Hills give you a strong foundation in economics, covering areas such as the world economy and microeconomics. If you are considering economics or a related field as your major, you can transfer your Inver Hills coursework to a four-year college or university.

Mission

The Economics department at Inver Hills is committed to helping students learn the economics principles necessary to understand our own and other economic systems, to successfully complete upper-division coursework in economics and related fields, and to contribute to their communities as informed citizens.

Vision

The Economics department at Inver Hills envisions students who understand the nature of the U.S. and world economies and are prepared to use that understanding to be successful in their future coursework, work lives and as participating citizens in a democratic society.

Goals

  • Provide multiple opportunities through our courses to help students complete their educational goals.
  • Encourage students to think in terms of economics as part of a liberal arts education and life as a well-informed citizen in a diverse world.
  • Continually improve faculty and student understanding and use of effective technologies for learning and work.
  • Participate in college-wide interdisciplinary and retention activities to promote student success.
  • Encourage faculty participation in local, Minnesota State Colleges and Universities-wide, and profession-wide teaching and learning opportunities to enhance classroom learning.
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Course Descriptions

ECON 1100  Economics For Consumers   3.0 cr

Introduces students to the information and tools that will enable them to analyze and evaluate alternatives concerning major consumer issues with the goal of increasing personal well-being. Prerequisite: Recommended READ 0093/0094 or placement into READ 1100.

ECON 1102  Survey of the World Economy   2.0 cr

Introduces students to the basic economic theory and the vocabulary and literature of economics as they apply to the global world, including theories of economic growth and the roles that international institutions play. Prerequisite: READ0093/0094 or placement into READ 1100 is recommended.

ECON 1105  Principles of Macroeconomics   3.0 cr

Examines the performance of the U.S. economy in the early 21st century (national income accounting) as measured against historical performance, including an analysis of U.S. economic institutions and government macroeconomic policies. Prerequisite: Recommended READ 0093/0094 or placement into READ 1100.

ECON 1106  Principles of Microeconomics   3.0 cr

Introduces students to the supply and demand analysis of prices and production under different market structures, the role of government in a market economy, international trade and exchange rates, and income distribution and the pricing of economic resources. Prerequisites: Recommended READ 0093/94 and MATH 0820 or 0840 or higher.

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Meet the Faculty

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Employment Information

Although most people working as professional economists hold graduate degrees, you can earn a bachelor’s degree in economics and follow a wide variety of career paths. Students typically use economics as an entry to other professions.

Job Skills

People tend to learn job-specific skills on the job. More often than not, employers are more concerned with your general skills package than your specialized knowledge and expertise. Economics majors bring an impressive package to the employment table.

Economics courses emphasize graphs and charts that display complex information and explain relationships. As an economics major, you will learn the following skills crucial to workplace success:

  • Analyzing data
  • Thinking strategically about decision-making
  • Thinking critically about complicated situations
  • Asking the right questions
  • Working with numbers
  • Solving problems

Because of their broad analytical skills, quantitative background, and clarity and precision of expression, economics majors are in high-demand in many career sectors. Employers hire economics majors because they can think on their feet, adapt to new settings and situations, and rapidly learn specialized skills across a range of occupations.

Career categories

Banking and finance

  • Economics majors have the ideal skill set
  • Who’s hiring: Banks, brokerage firms, insurance companies and investment houses
  • Knowledge of the economy is indispensable

Management and marketing

  • Economics majors grasp the market system in a broader social context
  • Who’s hiring: Commercial businesses, law firms and nonprofit agencies
  • Managing scarce resources is indispensable

Government service

  • Economic majors choose public service next after business
  • Who’s hiring: federal, state, county and municipal agencies
  • Data analysis expertise is indispensable

Economic journalism

  • Economics majors are trained to write for the general reader
  • Who’s hiring: Newspapers, blogs, magazines, journals, trade publications, television networks
  • Understanding the bottom line is indispensable

Potential job titles

  • Auditor
  • Market analyst
  • Budget analyst
  • Marketing administrator
  • Credit analyst
  • Pricing analyst
  • Economic analyst
  • Product manager
  • Environmental planner
  • Purchasing analyst
  • Financial analyst
  • Real estate appraiser
  • Import/export agent
  • Reporter
  • Insurance agent
  • Research analyst
  • Loan officer
  • Sales analyst
  • Loan review analyst
  • Stock broker
  • Lobbyist
  • Statistician
  • Management consultant
  • Underwriter

Below are just a few examples of possible career paths that can start with taking economics courses at Inver Hills.

Additional resources

Economics periodicals

Important economic variables

More economic data sources

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Why Inver Hills?

Completing your economics course obligations at Inver Hills is smart on several key levels:

  1. You will receive an outstanding education with one-on-one interactions with Economics faculty
  2. You will benefit from small class sizes while developing the practical, real-world skills of an economist
  3. You will save money and continue your academic and professional careers with less student debt *

* On a national scale, student loan debt has mushroomed to $1.2 trillion, which is greater than credit card debt and auto loan debt combined. In Minnesota, the average debt for four-year grads tops $30,000; 70 percent carry a student debt load.

Tuition and fees for one year at Inver Hills costs a little less than $5,300. Compare that to $15,000 to $20,000 at a for-profit college, or $40,000 to $50,000 at a private college or university. You can complete your first two years at Inver getting a topflight education firsthand from Ph.D. instructors and then transfer to a four-year as a junior all while saving thousands of dollars. It's a no-brainer.

Additional resources

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