Economics

Understanding choice, incentives and real-world outcomes

Economics is more than supply and demand. It is the systematic study of how individuals, firms, and governments make choices under scarcity, how incentives shape behavior, and how those decisions influence markets, institutions and public policy. At Millsaps, students develop rigorous analytical tools drawn from microeconomics, macroeconomics and quantitative methods that help them ask better questions, interpret evidence and generate insights that matter in business, public service, and research. The curriculum combines core economic theory with real-world application and offers specialized tracks in business, policy and quantitative economics to prepare students for a wide range of careers and graduate study.

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Why Millsaps?

In their own words

Amrit Kaur, Class of 2025

“Whether it’s exploring the Federal Reserve Bank in DC and Atlanta, gaining a deeper understanding of the real-world impact of economics research, or being empowered by professors who constantly motivate me, the Economics department has made my academic journey absolutely amazing.”

Anu Mathew

“I get exposure to all parts of a business. We work with businesses in Midtown, assess their financials, and get them investor-ready. The goal of reviving the city of Jackson and giving back has contributed greatly to our professional and personal growth. I would not change a thing.”

Drew Roth, Class of 2025

“The Millsaps economics faculty cares about your success in and out of the classroom. It will help you learn and provide opportunities for future career opportunities and connections, while supporting you in your other academic and athletic ventures.”

Featured Courses

Here is a sampling of a few courses that might pique your interest.

ECON 3120 Labor Economics

Examine the organization, function and outcomes of labor markets.Topics include wage determination, labor market discrimination, the economic impact of unions, compensation and incentives of workers, and the effects of regulations.

ECON 3130 The Business of Sports

ECON 3130 explores the business of sports. Topics may include issues pertaining to stadium site selection and financing, the relationship between team and municipality, legal aspects of sports business, or other issues related to sports and society.

Browse all Economics courses

Degree Options

Discover your degrees, minors, concentrations and certification options available for this field of study.

Economics, B.A. Business Economics Track

Economics, B.S. Business Economics Track

Higher Demand for Economists

The employment of economists will grow faster than average at 14% from 2019 to 2029.*

Rewarding Pay for Economics Majors

Pay for economics degree jobs is among the most rewarding of all occupations.

Choose From One of Three Economics Tracks

Millsaps offers three track options: business, policy & quantitative economics.

_{* U.S. Bureau of Labor Statistics, 2021}

Our distinctive strengths

Millsaps economics majors develop the analytical tools that empower them to answer questions such as: How do the social networks of firm leadership impact firm performance? To what extent and how do innovative companies like Google and Tesla disrupt traditional automotive giants? How do advances in technology, such as artificial intelligence, shape the future of the labor market?

All Else School of Management at Millsaps College major programs are accredited by AACSB International.
An MBA may be completed in one year beyond the bachelor’s degree. This program is for students who complete the Major Plus program.
All economics majors take the economics core, consisting of 24 credit hours, and then choose one of three tracks (business, quantitative or policy) for an additional 16 credit hours.

Gain hands-on experience

Expand your learning through internships, ELSEWORKS, class projects, Careers in Motion and the General Louis Wilson Student Managed Fund, and Economics Beyond the Classroom.

Experiential Learning Opportunities

Pathways

Our curriculum emphasizes problem solving and critical thinking skills essential to any career (and therefore any Pathway), as well as scientific writing and experimentation skills that may be especially critical to students interested in any of our six Pathways tracks.

Learn More About Pathways