Department of Economics

Overview

Princeton Review University of Southern Maine Best in Northeast 2014 sticker logo imageThe undergraduate program in economics provides practical preparation for a variety of careers as well as for graduate study in economics, business administration, public policy, and lawEconomics is a social science and as such is best studied in the context of broader exposure to the liberal arts and sciences.

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        How To Apply to the USM Economics Program

What Skills Does an Economics Education Provide?

baccalaureate in Economics is a marketable liberal arts degree. Liberal arts majors (social sciences and humanities) develop excellent writing and research skills, and increase a student's knowledge of the world. These majors also help students build a stronger and more informed sense of identity and values. Economics at USM also provides students critical thinking and analytical (including statistical) skills.

What Can I Do with a Degree in Economics?

One of the biggest concerns students have is life after graduation. A degree in economics from USM provides students with a solid foundation for many careers and for graduate school.  Our graduates have, for example, found jobs at Bath Iron Works (finance department), the Maine State Legislature (Senate Majority Leader's staff), and the Maine Department of Labor (data analysts).

Our graduates have also pursued Master's and Doctoral programs at Cornell University, University of California-RiversideUniversity of California-Santa Cruz, University of Notre Dame, University of Denver, USM School of Business, and USM Muskie School of Public Service.  Several have completed a Ph.D. in Economics.  Undergraduate students considering graduate school must maintain a high grade-point average (GPA).  A high GPA is essential to having broad choice in choosing particular graduate schools and programs.

Baccalaureate Degree Requirements

To be eligible for a baccalaureate degree, a student must complete 120 credit hours, including fulfilling the University's Core curriculum requirements and all Department of Economics degree requirements, either through courses taken at USM or through the transfer of courses from other institutions of higher education.

The Department of Economics offers two different baccalaureate degrees: BA and BS, which allow students to choose the combination of courses most appropriate for their future plans.

Specific, current academic year catalog edition USM Economics major and minor degree requirements can be viewed on this Web site via the Degrees & Certificates link on left-side navigational menu.

Note to incoming and current USM students—The specific USM Economics major and minor degree requirements identified above are valid only if:

  1. You are presently considering applying to USM for admission to pursue a baccalaureate degree
    OR 
  2. You are/were a newly matriculated USM Economics major or minor during the current academic year catalog edition period identified above
    OR 
  3. You are currently a matriculated USM student, you have declared the Economics major or minor, and you have formally elected the current academic year catalog edition identified above (or intend to) by offically notifying the USM Registrar of your catalog year change request.

Otherwise, please refer to the USM undergraduate catalog edition that corresponds with your USM "Requirement Term"  (i.e., USM Catalog Edition). You may access previous USM catalog editions online and you may also access USM Department of Economics BA, BS and Minor in Economics curriculum "Worksheets" that correspond to your USM "Requirement Term" (i.e., USM Catalog Edition) for use in tracking your academic progress in the Economics major or minor.

Richard Wolff/Harriet Fraad Lectures

USM University of Southern Maine Richard Wolff Harriet Fraad lecture

The two-day lecture event by Dr. Richard Wolff, UMass professor emeritus, and Dr. Harriet Fraad, psychotherapist and journalist, drew hundreds of enthusiastic participants. Follow the link here to the video recordings of their highly popular lectures.

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