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University of New Haven Offers New Innovative Economics Major

Release Date:
8/7/2012 9:00 PM
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Students Can Focus on Sustainability, Behavioral or General Economics

Aug. 7, 2012

University of New Haven: Finance, business, Bergami Center, features The Bergami Center for Finance and Technology

WEST HAVEN, CONN. -- The University of New Haven will begin offering a bachelor’s degree in economics within the College of Business this fall.

“The program is innovative because it will stress both the economics of sustainability and entrepreneurial leadership,” said Armando Rodriguez, associate dean of the College of Business.  “Having the program based in the College of Business is ideal because it conveys the benefits associated with the interdisciplinary nature of the social sciences and the traditional business disciplines,” he said.  At the same time, it places economics students in a natural forum for the study of free enterprise. 

The program will prepare graduates for careers in government service and at non-governmental organizations, as well as in banking, finance and health care. In addition, the degree will prepare students for graduate and professional programs such as law.

“One of the most important aspects of this major is that it teaches students to solve problems in a systemic and holistic manner,” said Rodriguez. “Economics is more than just the study of the monetary forces that have formed our society but rather an essential tool for understanding the complexities of the modern world.  Our program will provide students with training in scientific methods as the foundation for approaching the understanding of risk and uncertainty in human, social and natural systems.”

Students in the program will be able to select a concentration in behavioral economics, sustainability or general economics.

“Conceptually, the common theme of this program is the myriad issues that emerge as a result of the significant and growing concerns with the unintended social, environmental and economic consequences of rapid population growth, economic growth and consumption of natural resources, both in the United States and around the world,” Rodriguez said. “The program will be excellent preparation for careers in a number of areas.”

The program will prepare students to analyze the costs of a company being green and will emphasize creative business thinking.  The sustainability concentration within the program will focus on how societies can address future resource scarcities and serve as a platform for a discussion on the economic solutions to the problems of climate change, scarcity of water and energy, growing populations, and biodiversity and the loss of ecosystems.

“Corporations and businesses today want people who can think creatively and approach problems from many angles,” said Rodriguez. “It is important for students to develop the skills that prepare them to do just that.  Our new economics major will emphasize creative thinking, entrepreneurial leadership and long-term values.  Students will acquire all of the tools they need to succeed and provide social and economic value to their endeavors.”

Economics is the most popular major of CEO’s of Fortune 500 companies, according to Flanagan, as well as many famous politicians and celebrities including Ted Turner (CNN), Meg Whitman (EBay, Hewlett Packard), Donald Trump, and former U.S. Presidents Ronald Reagan, George H.W. Bush and Gerald Ford, among others.

More information is available here.

The University of New Haven is a private, top-tier comprehensive institution recognized as a national leader in experiential education. Founded in 1920 on the campus of Yale University in cooperation with Northeastern University, UNH moved to its current West Haven campus in 1960. The University provides its students with a unique combination of a solid liberal arts education and real-world, hands-on career and research opportunities. UNH enrolls approximately 6,400, including nearly 1,800 graduate students and more than 4,600 undergraduates – the majority of whom reside in University housing. Through its College of Arts and Sciences, College of Business, Henry C. Lee College of Criminal Justice and Forensic Sciences, Tagliatela College of Engineering, and College of Lifelong & eLearning, UNH offers 75 undergraduate and graduate degree programs. UNH students have access to more than 50 study abroad programs worldwide and its student-athletes compete in 16 varsity sports in the NCAA Division II’s highly competitive Northeast-10 Conference.