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A major in economics gives students a greater understanding of how people, businesses, and governments respond to their economic environments. Many of the issues that fill the newspapers — jobs, wages, taxes, the cost of living, inequality, pollution, poverty, and economic growth — are, in fundamental ways, economic issues. The daily decisions of businesses and consumers are largely economic. Economists seek to understand the decisions of businesses, consumers, and current economic issues by developing a systematic and thorough understanding of precisely how the economic system operates, including the mechanisms by which resources are allocated, prices determined, income redistributed, and economic growth promoted.
US universities use a holistic admissions review. Beyond grades and standardized test scores, they weigh the strength of your overall profile to understand who you are as a student and a person.
Profile Assessment: Applicants are generally assessed on their preparation in English, social sciences, research and quantitative reasoning. Statistics may be particularly helpful for Psychology, Education Research, Public Policy and other research-based programs. Volunteering, tutoring, community projects, advocacy, research, student leadership and activities involving communication or social issues may strengthen the application.Essays & recommendations: Personal essays and teacher/counselor recommendations give context to your achievements and help demonstrate fit with the program.Accounting advising servicesAdvertisingBankingBrand/product managementBusiness development and managementEconomic advisingMarketingReal EstateSalesStatistical analysis and research
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University of Wisconsin Madison
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