Economics

Offered as a major (B.A.) and a minor

Economics is the science of choices and decision making.

By studying the forces that drive and shape the marketplace and its functions or failures, you’ll be prepared to make well-researched and impactful economic decisions.

The Curriculum

Learn about more than just money

Economics is a social science, making Cal Lutheran’s liberal arts education an immensely valuable component of the major. By incorporating diverse subjects into your business-related studies, you’ll better understand the human factors that figure prominently in economics.

Get a strong business foundation

You’ll be earning your degree through our School of Management, giving you access to courses that are not available in a typical economics department. These essential business courses will give you the foundational knowledge you need to build a successful career in economics. Topics include:

  • Organizational behavior
  • Career development
  • Marketing
  • Finance
  • Accounting
  • Statistics

Translate information into insight

Using math, statistics, and data modeling, you’ll uncover the economic implications of raw numbers. Known as quantitative analysis, this process is one of the most crucial skills you’ll gain as an economics major.

Work with real data

Quantification of economic changes is important. As part of your course work, you’ll use regional economic statistics from our Center for Economic Research and Forecasting, socio-economic data from our Center for Leadership and Values, and information gathered from your own research.

Make solid economic choices

Applying the tools of economic analysis will enable you to make solid decisions concerning market strategies, product pricing, business locations, and government policies — even your own personal finances. By also examining areas of market failure, you’ll evaluate the role of government and learn the arguments for and against intervention in the market.

Manage an investment portfolio

You’ll be able to invest real money and trade real stocks as part of the Investment Club, which presides over a $55,000 student-managed fund. The hands-on experience of growing this fund will allow you to put to work the investment strategies that you’ve learned in your classes.

Gain even more practical experience

Internships and independent research will allow you to further explore the world of economics. These opportunities will connect you with professional mentors and allow you to pursue your individual interests while gaining invaluable experience that ties closely to your studies.

Save time and money earning your MBA

Add further value to your degree by choosing the 4+1 Option, which gives you a head start on earning a Master of Business Administration (MBA).

With 4+1, you’ll be able to take graduate-level courses as part of your undergrad curriculum. After graduation, you’ll only need one additional year to complete your MBA at Cal Lutheran — saving you both time and money.

The Experience
Photo of student or faculty

By having a solid math background, I know how to go more in depth into economic concepts. What I'm learning in class becomes more dynamic and more complex (in the best way possible) because I know more of what lies ahead. It makes both majors more fun and more in-depth. They work really well together and accentuate the best qualities in each field.

Victoria Butsky '17

Read Victoria's Story

Photo of student or faculty

I use my research data in the classes I teach. This is particularly true of my Statistics and Econometrics classes. This allows students to use real data and hopefully make a stronger connection for them.

Kirk Lesh
Assistant Professor
Your Future

Because the skills of an economics major are so adaptable, you’ll be able to choose from a wide variety of career paths. Some common choices include careers in banking and finance, economic and demographic research and forecasting, and urban planning. You may also wish to continue your studies by earning a graduate degree, such as an MBA.

Graduate studies in economics

If you want to further specialize in economics instead of pursuing the more general MBA, the Cal Lutheran School of Management offers a Master of Science in Quantitative Economics. This program was ranked 3rd in the nation in 2016 by the Financial Engineer Times — a comprehensive ranking of graduate financial economics programs in the United States.

Our alumni study at:

  • California Lutheran University
  • California State Northridge
  • University of Edinburgh
  • William Mitchell College of Law
  • Pepperdine University

They work for:

  • Bank of America
  • Homeland Securities Investigations
  • J.D. Power & Associates
  • Lieberman Research Worldwide
  • Merrill Lynch
  • NovaStore Corporation
  • Milken Institute
  • U.S Automobile Association

Career paths:

  • Business Analyst
  • Statistical Technician
  • Decision Science Analyst
  • Credit Analyst
  • Market Research Associate
  • Financial Manager
  • Research Associate
  • Associate CFA
  • Business Development Representative
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