Economics Quick Facts
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Investigate Issues that Shape Societies
School of Social & Cultural Studies: Department of Economics
Pursue rigorous training in economic theory, learn critical-thinking skills, and explore your personal interests through research, professional internships, student groups, and study abroad.
As an economist, you’re curious about the economic forces that affect all dimensions of human activity. At Truman, you will learn important incentives for understanding human behavior, moral and ethical challenges in real-world situations, equity and efficiency trade-offs and more. You can choose the Bachelor of Science for more advanced quantitative study or pursue a Bachelor of Arts and acquire intermediate proficiency in a foreign language and study quantitative methods through elementary statistics.
Learn the mechanisms that drive economic life. Go out and make a difference.
- Degrees offered: Bachelor of Arts and Bachelor of Science
- Major offered: Economics
- Minors offered: Economics
- Approximate numbers of student pursuing this major: 95
- Approximate number of students pursuing this minor: 60
- Majors engaged in research: 100%
- Full-time faculty: 6
- Part-time faculty: 2
- Departmental student organization: Omicron Delta Epsilon: Economics Honor Society
- Our largest lectures might have 45 students, but the majority of classes have only 20-35 students.
- All economics majors must complete a Principles of Economics requirement by one of two routes, and take the following economics courses: New Major Seminar, Intermediate Microeconomics, Intermediate Macroeconomics, Senior Seminar in Economics, and 12 hours of electives within economics.
- Learn from different perspectives. The Economics Department has had international students from the following countries: Bangladesh, Bulgaria, China, Ecuador, Gambia, Ghana, Nigeria, Sri Lanka, Indonesia, Japan, Lithuania, Nepal, Norway, Russia, Singapore, South Korea, Taiwan, Ukraine, Vietnam, and Zimbabwe
- Present the results of your research investigations at the Student Research Conference on campus, and at regional or national conferences for undergraduate research. Even publish your research! Receive a summer research grant to work on research projects mentored by economics department faculty members. Examples of recent student presentations and publications include:
- Christopher Floyd. “China’s Damaged Crops: Economic Loss from Nitrogen Overuse.” Presented at the Truman’s McNair Research Presentations, September 2014.
- Megan Burik. “Sexual Orientation and Income: The Queer Economics of Earning Potential.” Presented at the National Conference on Undergraduate Research at Weber State University, April 2012.
- Jason Whitely. “Measuring the Impact of Banking Regulation in Reducing Vulnerability to Financial Crises.” Presented at the National Conference on Undergraduate Research at Weber State University, April 2012.
- Syed Zaidi. “The Grameen Bank and Political Empowerment: Evaluating the Sociopolitical Impacts of Microcredit Programs.” Presented at the National Conference on Undergraduate Research at Weber State University, April 2012.
- Hiroki Sato. “The Effect of Nuclear Power on Economic Prosperity.” Presented at the Student Research Conference, 2012.
- Long Nguyen. “Foreign Direct Investment and Productivity Spillovers in Vietnam.” Presented at the Student Research Conference, 2012.
- Michael Dial. “A failure to capitalist incentives.” Canadian Student Review. Fall 2011, 4-8.
- Ngan M. Bui. “Press Freedom as a Determinant of Growth and Corruption in Developing Countries.” Presented at the National Conference on Undergraduate Research at Ithaca College, March 31, 2011.
- John W. Schneider. “Determinants of Airfare: The Checked Bag Fee.” The Undergraduate Business & Economics Research Journal, Spring 2011, Vol. 2, 84-99.
- Xiang Li. “The Impact of Domestic Government Debt Holding to Fiscal Stability.” Presented at the Student Research Conference, 2011.
- Jennifer L. Wilborn. “Determinants of Transportation Costs for Coal: An Analysis of Unit Train Rates in 1990.” Presented at the Student Research Conference, 2011.
Beyond the Classroom
- Get an internship with the United States Department of the Treasury. (The Economics Department has placed 13 student interns with the United States Department of the Treasury since fall 2004. One of them received a full-time job there after the internship.)
- A wide spectrum of study abroad and internship experiences are also available.
- Examples of employers who have hired Truman Economics graduates include: Federal Reserve Bank of St. Louis, Board of Governors of Federal Reserve, Missouri Public Service Commission, Wells Fargo, Boeing, Pinnacle Technical Resources, Federal Reserve Bank of Kansas City, and several universities.
- Placement in Top Graduate Schools: In recent years approximately 35% of the department’s graduates have entered graduate or professional schools (e.g., Ph.D., M.A., M.S., M.B.A., M.P.A., M.H.A., J.D.), and 65% have entered the work force directly.
- Ph.D. and Master’s programs which Truman Economics alumni have enrolled in include: University of Missouri-Columbia, Washington University, Saint Louis University, University of Illinois-Urbana-Champaign and Iowa State University.