Is there a better or more appropriate time to study economics? We believe there is not!
What is Economics? It is an essential tool for understanding the complexities of modern society. Economics studies more than just the monetary forces that have formed our society.
Connect with University of New Haven’s energetic, dynamic, dedicated and knowledgeable faculty; a group that will escort your exploration of economic theory and prepare you for careers in business, communications, policy, data management, international studies and law, among others. Start your career with a more hands-on method to economics education.
Traditionally, economists relied heavily on mathematical abstractions to understand how people behave and how markets work. But lately some economists recognized that markets in natural environments are dynamic and operate in specialized institutional settings that have become known as Experimental Economics, which determines if those mathematical abstractions actually described market behavior, and whether they could be tested using a scientific approach. Along this genre, Behavioral Economics studies the effects of social, cognitive and emotional factors on the economic decisions of individuals and institutions and the consequences for market prices, returns and the resource allocation. The field is primarily concerned with the bounds of rationality of economic agents.
Who Studied Economics?
Economics is the most popular major of CEO's of Fortune 500 firms. Some famous people who have studied economics are: Steve Ballmer (Microsoft), Ted Turner (CNN), Meg Whitman, (Ebay), Scott McNealy (Sun Microsystems), William Harrison, Jr. (JP Morgan Chase), and Donald Trump (Real Estate), Sam Walton (Wal-Mart). The list of famous people who have studied economics also includes names from entertainment, sports, and politics: Ronald Reagan, George H.W. Bush, Gerard Ford, Arnold Schwarzenegger, Lionel Richie, Diane von Furstenberg, Scott Adams, Danny Glover, Paul Newman, Cate Blanchett, Mick Jagger, John Elway, Bill Belichick, and Tiger Woods. Famous Economist Hal Varian is serving as Chief Economist at Google after he retired from University of California, Berkeley.
Economics faculty members are active in research and publishing articles in academic journals and edited collections. Students can become involved as research assistants and/or conduct their own research under the guidance of a faculty member through independent study.
Chair, Department of Economics
Professor Kamal Upadhyaya