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Economics, Business, and Finance
Economics can be broadly defined as the study of how people and institutions allocate scarce resources. It involves learning how people respond to incentives, how the scarcity of resources affects people’s choices, and how government and industry affect consumption of resources. Economics helps us to understand historical trends, interpret today’s headlines, and predict future trends.
Lake Forest College’s economics major is a strong traditional program with a reputation for rigor, breadth and depth, allowing students to develop the analytical skills that virtually all employers desire. Students select electives from a wide variety of topics including labor economics, environmental and natural resource economics, law and economics, and the economics of sports to supplement the core program in macroeconomics, microeconomics, and statistics. Opportunities for further research with faculty who are experts in their fields are available to students. Most students also partake in internships in Chicago-area businesses. Students who complete the major are well prepared to work in the private or public sector and attend graduate school for their MBA or PhD.
Ernest A. Johnston Professor of Economics Robert A. Baade lent his expertise to a recent Morningstar story on the economic effects of the upcoming 2018 Winter Olympics on its host city, Pyeongchang, South Korea.
Being on the Lake Forest College football team feels like belonging to a band of brothers, and Joel Nierling ’18 is one of them.
After 14 years, Lily McCarthy ’18 has finally entered her last season as a competitive swimmer. Though eager to relax after training 18 hours a week and always smelling like chlorine, McCarthy admits her last season as a team captain will be important to her.
Professor of Economics and Business Robert Lemke joined the YesCollege Podcast for a discussion on economics degree programs and career paths.