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DEPARTMENT OF ECONOMICS AND DECISION SCIENCES
College of Business and Technology

Contact Information:

email economics@wiu.edu phone (309) 298-1153


bb

The Bachelor of Business in Economics, available in the College of Business and Technology, is a comprehensive program to prepare students for the business world. A minor is optional.

ba

The Bachelor of Arts in Economics is offered in the College of Arts and Sciences. A minor is required. Students majoring in economics can minor in decision sciences, political science, finance, or other suitable areas.

5year

The 5-year integrated bachelor's and master's degree program lets you integrate either the Bachelor of Arts in Economics or the Bachelor of Business in Economics degree with the Master of Arts in Economics and finish both degrees in only five years. With careful planning, and by taking summer classes, students may be able to finish both degrees in less than five years time.

master

The M.A. in Economics at Western Illinois University is a specialized degree program that prepares students for various positions in business and government, or teaching positions in two-year colleges. The program is particularly suitable for those who intend to seek advance degrees (Ph.D., DBA, or JD) in business, economics, or law.

minor

The Minor in Decision Sciences provides "business analytics" tools to students who want to find solutions to complex business problems.  The business analytics skills are in high demand by all business employers. Students will gain valuable quantitative and business analytics skills that can be used in a wide range of entry-level jobs.  Very useful for students with a non-business major who need a bridge into the business world.

minor

 

Economics: "Why my major matters?"
by Sarah Blaase and Sloane Levin
(from Western Courier, 28 September 2012):

"Economics is interesting, plain and simple. Why do we, as consumers, buy certain products? Why does the government enact certain policies or decide to raise taxes? Questions like these demonstrate why economics is all about the study of choice. We chose to major in economics because the job opportunities are seemingly endless.

Career options for economics majors vary with lucrative opportunities in finance and banking, health care, government agencies, sales and marketing, and even the sports world has a place for economics.

Economics is not only important for our careers, but on a personal level as well. Having a strong understanding of the subject will help us become financially smarter, better consumers and more informed voters. The logic and analytical skills developed throughout the undergraduate experience are also great preparation for graduate school.

Lastly, economics is fun. Trust us and read "Freakonomics," or watch "Moneyball." As mentioned, economics provides the necessary skills to prepare one for success in graduate school or the job market. Some of the most successful businessmen like Warren Buffet and Sam Walton had degrees in economics.

Economics will simply help you better understand how the world works. Western Illinois University has a great economics department, and we encourage all students to take an economics course or attend an Economics Student Association (ESA) meeting to find out more information.

 

 

 

 



NEWS:

  • Mock Presidential Debate 2012
A mock presidential debate, co-sponsored by the Department of Economics and Decision Sciences and the Presidents Institute, was held Oct. 9 at Western Illinois University. Associate Economics Professors Bill Polley and Tom Sadler debated as Mitt Romney and Barack Obama, respectively. View this video and more on the Western Illinois University YouTube channel. Jon Day from Political Science Department moderated the debate and Jessica Harriger from Economics and Decision Sciences Department was the organizer of this event. This debate presented an opportunity for students to become more informed about important political issues and learn a little economics at the same time.
  • Economics Seminar Series for Fall 2013 Begins Friday, August 23, 2013. Mattias Polborn, professor of economics and political science at the University of Illinois-Urbana-Champaign, will kick off the Western Illinois University Department of Economics and Decision Sciences' 2013-2014 Seminar Series Friday, Aug. 23.

    Polborn will present "Policy Divergence and Voter Polarization in a Structural Model of Elections" from 2-3 p.m. in Stipes Hall 217 on the WIU-Macomb campus. He will discuss how game-theoretic and econometric methods are used to better understand how political candidates respond to voter preferences.
  • The Department of Economics and Decision Sciences welcomes new faculty member, Dr. Keva Steadman, Ph.D., Assistant Professor of Economics at the QC Campus. Dr. Steadman earned her Ph.D. from Binghamton University and joined the Department of Economics and Decision Sciences starting Fall 2012.
  • The Supreme Court hears oral arguments about the constitutionality of the health care mandate - A fascinating case study in law and economics :  Part I, Part II, Part III, Part IV
  • Economics Day provides an excellent opportunity to learn about the real-world applications of economics and related business fields from WIU faculty, alumni, and invited guests. These events, open to students of all majors provide an amazing opportunity for students both at WIU and from surrounding schools, as well as the community at large, to engage first-hand with economics faculty and learn from industry experts.
  • The Department of Economics and Decision Sciences welcomes two new faculty members, Dr. Shane Sanders and Dr. Bhavneet Walia, who joined the department in Spring 2011

SMART READING:

"Global poverty is falling, so what's the problem?" Fareed Zakaria GPS, a CNN Sunday Program, May 1, 2013.