What is Economics?

  • "An inquiry into the nature and causes of the wealth of nations."
    --Adam Smith (1776)
  • "A study of mankind in the ordinary business of life."
    --Alfred Marshall (1890)
  • "The social science that studies the choices that individuals, businesses, governments, and entire societies make as they cope with scarcity, the incentives that influence those choices, and the arrangements that coordinate them."
    --Robin Bade and Michael Parkin (2011)


What is special about Drake's Economics program?

  • Small classes: Most introductory classes have 30-40 students. Most advanced classes have 15-30 students.
  • Business option: If you want a career in business, you can choose Drake's BSBA degree. This degree includes introductory courses in all business subjects, so you can hit the ground running at your first job.
  • Mathematics option: If you want to go to graduate school in Economics or a related field like finance or public policy, you can choose Drake's Quantitative Economics Major. This option includes the mathematics and statistics courses that graduate schools require.
  • Research experience:  All Economics majors learn methods of data analysis and write a capstone research paper.
  • Open to all:  All Drake students can take Economics courses.  Students in any Drake college or school can add a major in Economics, a major in Quantitative Economics, or a minor in Economics.  Recent graduates have combined Economics with Actuarial Science, Finance, International Relations, Mathematics, Political Science, and even Music!
October 19, 2017
A member of the auditing team for one of history’s largest U.S. Foreign Corrupt Practices Act investigations will deliver a free lecture on the ways data analytics can help companies to detect and expose fraud.
October 17, 2017