Navigating your journey through the study of business & economics at Allegheny and beyond!
Why a Liberal Arts Emphasis?
Why Economics? Why Business?
Many colleges and universities offer economics and business degrees that can sometimes be limited in scope. At Allegheny College, we believe that studying economics and business with an emphasis on liberal arts is essential. As Walter Isaacson, the author of Steve Jobs, an now a new biography called Leonardo da Vinci, writes, “Leonardo da Vinci is the ultimate theme of my previous biographies: how the ability to make connections across disciplines — arts and sciences, humanities and technology — is a key to innovation, imagination, and genius.”
Economics is not only a discipline that enables individuals, households, and the government to make rational decisions; it is also a field of study that provides effective tools for solving a myriad of society’s problems. The range of issues to which the analytical tools of economics can be applied is unlimited. Economists have often been called upon to offer advice on how to control population growth, limit pollution, spur innovation, optimize the use of natural resources, as well as insights into how to prevent costly wars. It is no surprise, therefore, that economics dominated the debates during the 2016 election cycle in the U.S., with candidates discussing issues that ranged from immigration and health care, to trade, climate change, taxes, education, and jobs.
Economics is a pervasive discipline that offers something valuable to everyone. It offers the skills and competencies needed to be successful in a broad array of careers, including banking, finance, wealth management, consulting, sales, marketing, public and non-profit sector, etc. Several national surveys have shown that the return on investment for an economics major is sizable, as manifested in the high starting salaries of economics graduates. Those interested in intellectual discourse will find the history of economic ideas, and the ideological debates within the discipline, to be very alluring. They will have the opportunity to learn about the ideas of great philosophers and economic thinkers.
We want the economists and business people who leave Allegheny College equipped to be the executives of the world who can synthesize information, analyze problems, work in teams, communicate and think outside the box. Combining your economics or business degrees with a major in the sciences and humanities would create a well-rounded education ready for any industry setting. If you are interested in international business, a double major or minor in a modern language with your economics or business major would help springboard you into our global economy and the business world beyond our shores.
Stephen Z. Onyeiwu, PhD
Professor and Chair, Department of Economics