Do you want to be successful in the current economy? Why not study economics itself? Economics is the study of choice under scarcity. Its tools can be used to analyze social, organizational, and individual decision-making and lead to a deeper understanding of the human experience. You can use economic principles to organize resources better, foster innovation and entrepreneurship, alleviate social problems such as poverty and environmental degradation, and increase the efficacy of government institutions and policies. You can even improve your personal finances!
Lyon College’s economics program consists of courses designed to give students a background in both economic theory and its applications. The major is designed to provide an insight into how the world works and build a foundation for careers in business, the public sector, or graduate study. Students further develop the breadth of their knowledge through elective courses which focus on several sub-disciplines of economics. Lyon College takes a liberal arts approach to learning, so economics majors are also encouraged to take complimentary classes in business, computer science, mathematics, and other social sciences.
Dr. Mahbubul Kabir, Dr. Radek Szulga, and Dr. Angela Buchanan
In the business department, Professor in Business and Economics Dr. Angela Buchanan serves as the chapter advisor for Lyon’s Enactus group, an organization that connects students with business leaders through entrepreneurial-based projects. Lyon’s Enactus group recently achieved a partnership with nonprofit organization Main Street Batesville to develop a makers’ space for local and regional artisans in downtown Batesville.
“Overall, studying economics has helped me to expand my way of thinking and analyzing certain situations. Not only have I learned about GDP, inflation, etc., but I have learned how it applies to our world on a daily basis. I’m thankful for professors like Dr. Kabir and Dr. Szulga, who have pushed me to view the economy in different ways have taught me key lessons that will help me when making future decisions.”
-Cara Tomlison Butler, ’16
Eric Wilson, ’06, an economics and English double major, is the CEO of Noble Impact.
Cara Tomlison Butler, ’16, was selected for a clerkship with the U.S. Court of Appeals for the Eighth Circuit after receiving the highest score on the Arkansas Bar Examination in 2019.
For more information on the required courses for an Economics major or minor, view our courses page.
Economics majors pursue careers in finance, business, analysis, public policy, marketing, law, management, and much more.
The starting median salary in the U.S. for a college graduate with an Economics degree is $50,100.
Management Consultant- $84,000
Senior Financial Analyst- $80,000
Finance Manager- $100,000
Data Scientist- $90,000
Software Engineer- $92,000
For more information on admissions to Lyon College, visit our Admissions page.
Lyon is more than just a college. It's a community distinguished by its academic curriculum, unique honor and social systems, and award-winning professors.