Economics (major) in University of Michigan - Ann Arbor, USA

Economics (major) in University of Michigan - Ann Arbor

Economists study the choices people make when allocating limited resources among competing uses.  They seek to describe, explain, predict,  and evaluate the behaviors of individual households, business enterprises, and government agencies.  They also seek to describe, explain, predict, and evaluate the aggregate outcomes of those behaviors in individual markets, individual countries, and the world.  While much of their work examines interactions among actors in market settings, economists also examine behavior inside households, inside companies, and inside government agencies.

Economists use a rich set of tools and methods, including abstract mathematical modeling and formal statistical analysis.  Undergraduate economists need a solid background in calculus and statistics.

The study of economics prepares undergraduates exceptionally well for careers in business, consulting, finance, law, politics, public and private administration, and teaching.  Many professional economists, including virtually all academic economists, have earned doctorates in the discipline.

Undergraduates study economics for many reasons.  To accommodate this diversity, the Department of Economics offers a wide variety of courses, beginning with a mainstay of a liberal arts education, the two-semester sequence in the principles of economics.  Given the multiplicity of paths through the departmental curriculum, students interested in majoring or minoring in economics should consult a departmental adviser as early as possible in their studies.  The department’s website presents several possible strategies for completing the major.

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Tuition Fees in USA (1st Year Average)	BE/Btech: USD 28300 | MS: USD 22693 | BBA: USD 26616 | MBA: USD 29558 | BSc: USD 29418 | MA: USD 20452 | MIS: USD 22133 | MFin: USD 37683 | MEng: USD 29558 | MIM: USD 35301 | MEM: USD 23254 | MArch: USD 34741 | MFA: USD 28857 | BHM: USD 27176
Average Accomodation & Food Costs in USA	USD 700 to 1000 Per Month
Entrance Exams in USA	TOEFL: 86 | IELTS: 6.5 | PTE: 60 | GRE: 309 | GMAT: 560 | SAT: 1177
Work and Study in USA	Permitted for 20 hours/week with a valid study permit. Know More
Post Study Work Permit in USA	One to Two Years after graduation depending on the course.
Cost of Student Visa in USA	USD 160
Student Visa in USA	F1 Visa for USA allows you study permit in USA in full time academic courses. Any accredited school, college, university, academic institute, seminary, or conservatory in USA must accept you beforehand to apply for F1 visa in USA. Know More
Intakes in USA	There are Three Intakes in USA: Fall (August-September), Spring (January) Know More
Top Job Sectors in USA	Health Care, Education, Construction, Hospitality & Tourism, Business Services, Finance.
Economy in USA	GDP Growth of 2.1% (Q4 2019), The Larges Economy of the World by Nominal