Economics is often thought of as a highly abstract subject, but at Transylvania the application of economic theories in the real world is an important part of the learning process.
You'll study how households make decisions about jobs, spending, and saving and how businesses make decisions about production and pricing.
You'll also learn how goods are produced and distributed, how pricing affects markets, and how changes in law and technology affect labor and capital.
Transylvania economics students regularly conduct research with support from Transylvania's faculty and student enrichment fund and present their findings at conferences. Their work has been recognized with awards from the Kentucky Economics Association and publication in the Journal of Applied Economics and Policy.
Because economics touches every aspect of business and social science, there is a great demand for well-trained professionals in this field. Economists are employed by business firms for corporate planning and by financial firms, such as banks and brokers, for analysis and research. In the government sector, economists are hired to determine the need for, and results of, public policies. Many students of economics earn advanced degrees, teach, and conduct research at universities.
Transylvania students have frequent opportunities to learn about foreign economic systems through travel courses. In recent years, students have studied international business in Germany, global economy issues in Costa Rica, international accounting in Ireland, and white-collar crime in the Cayman Islands.