Hiram College

Economics Minor

Traditional Undergraduate

Why Study Economics?

If you are looking for an intellectually stimulating and financially rewarding career, you should consider economics. Economics can help us understand some of the following questions:

● Why do women earn less than men?
● Why is water (which is essential for life) cheaper than diamonds?
● Why are some countries rich while other countries are poor?
● Why do voters elect politicians who choose bad policies?
● Why is health care so expensive?

Economics is a study of human behavior. It helps us understand the forces which drive the interactions between individuals, firms, politicians and countries. It not only helps to evaluate the real impact of public policies, but also make better decisions in our professional and personal life.

Economists find a wide range of career opportunities. They work as advisors in the government, consultants to corporate houses, analysts in the private sector, investment bankers, journalists, and so on. There are also several opportunities to enroll in graduate programs in economics across the world. Such programs commonly offer tuition waivers and fellowships for deserving students.

A career in economics is also financially remunerative. An economics major is one of the highest paying majors. The Economist reports that “High-scoring students leave £500,000 on the table by eschewing economics”.

Economist, January 2019

The Hamilton Project provides an interactive feature which allows for comparison of the annual and life-time earnings.  Hamilton Project Interactive Chart

Economics at Hiram

The diverse experiences offered through the economics minor are proven to produce graduates with the knowledge and skills essential for success. Some of the program benefits include:

  • Intimate learning in small classes.
  • An emphasis on writing and speaking.
  • Close interactions with diverse individuals.
  • Study away and abroad experiences.
  • Leadership opportunities both on and off campus.

Coupled with low tuition and living costs, Hiram College offers an excellent opportunity to gain exposure in economics and graduate with excellent job prospects. Consider the following free videos and e-books and see if it ignites your interest:


Ghanshyam Sharma Headshot

Ghanshyam Sharma, Ph.D.

Visiting Assistant Professor of Economics

Learn more about all of the majors, minors, and opportunities that await you within the Scarborough School of Business & Communication.