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.
  • Research experience:  All economics majors learn methods of data analysis and write a capstone research paper.
  • 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.
September 22, 2017
Drake University hosted a special luncheon to announce and celebrate the winners of the 2017 John Pappajohn Iowa Entrepreneurial Venture Competition, which encourages and promotes entrepreneurial activity and create greater awareness of the resources available to entrepreneurs in Iowa.