COVID-19 precautions and policies are in place to ensure the health and safety of our campus community. Information can be found on our main COVID-19 page
A Lake Forest College economics professor teaching


Understand historical trends, interpret today’s headlines, and predict future trends by studying economics at Lake Forest College. Broadly defined as the study of how people and institutions allocate scarce resources, economics dives into how people respond to incentives, how the scarcity of resources affects people’s choices, and how government and industry affect consumption of resources. 

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.

Alexis Yusim
There’s a lot going into the position that my liberal arts background has prepared me for. I’ve learned to analyze things quantitatively and qualitatively.
Alexis Yusim

Learn Analytical and Quantitative Skills

The economics major allows students to develop the analytical and quantitative skills that virtually all employers value. Courses tap into the rich resources of Chicago providing students with firsthand insight into the influence of economic forces in society. Our professors are experts in their field with broad experience and national and international recognition yet teaching is their top priority. Students have access to some of the finest internships available to undergrads anywhere.

Opportunities for Engagement

dollar sign

Lake Forest College Investment Club

Students listen to talks by finance professionals learn the basics of investing through the "Wall Street Bootcamp" program.


Financial Management Association

The FMA is a global organization that provides knowledge and resources to help people make informed financial decisions.

3 people

Omicron Delta Epsilon

Omicron Delta Epsilon recognizes outstanding academic achievements in economics.


American Marketing Association

The AMA provides invaluable professional developent and networking opportunities.

Did you know?

  • Over three billion people around the world live on $2 or less a day. Each spring students have the opportunity to participate in the Forgotten Majority Business Conference on campus.

  • Many of the economics, finance, business, and entrepreneurship students take advantage of our “In The Loop” program. Students reside in Hostelling International in the Chicago Loop for a semester of academics, internships, and co-curricular activities. 

  • Economics, finance, business, and entrepreneurship students take advantage of our close proximity to Chicago participating in multiple internships.

Related Programs

Contact Us

Robert Lemke
Professor of Economics and Business
Chair of Economics, Business, and Finance
Brown Hall 418

Kathy Hawkins
Department Assistant
Brown Hall 255

Prachi Rangan
Department Assistant
Brown Hall 255