What is Economics?

Economics is the study of how society allocates resources in the face of scarcity. In other words—how limited wealth gets distributed to people. Economics also looks at the production and consumption of various goods and services.

Economics at Augustana

Our economics degree provides students with a strong foundation in core economic concepts. Students are taught how those concepts can be used to understand and address real-world problems. Students can choose to pursue a general economics degree, or to focus more on math and economics.

Program Information

Economics is available as a:

Academic Innovations

All programs at Augustana include a wide-ranging liberal arts Core, taught within our unique “3-11” calendar

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The valuable, transferable skills learned through an undergraduate degree from Augustana studying economics opens different career paths in the business world such as:

  • Accountant
  • Economic Analyst
  • Business Consultant
  • Project Manager
  • and many more!

Economics AlumnUS

A portrait of Brendan Dzioba
Brendan Dzioba
Associate, Brownlee LLP

“One of the big benefits of Augustana is that you feel that you're part of a community and there are professors that create strong relationships with you,” says Brendan. “If you put in the effort, they help you achieve what you want to achieve.”

Course Highlights

356 - China Tour

A three week study trip to China, including travel to educational institutions in Zhuhai, the Zhuhai Special Economic Zone and other locations depending on the year. Through lectures, tours and research taking place in China, this course explores the effects of economic and institutional reforms as well as those of globalization, with links to China's history and to its culture.


341 - Environmental Economics

Examination of the relationships between the economy and the environment. Emphasis is placed on the application of economic analysis to various environmental issues.


363 - International Finance

Examination of the types of international transactions, exchange rate determination, balance of payments adjustments, macroeconomics in an open economy, and other issues in the international monetary system.


480 - Ethics in Economics & Business

Investigation of the relation between ethical reflection and the activities of businesses and economics. Attention is paid to the role of self-interest and rationality in economic and business discourse, the relation between the price system and human values, and the morality of the market as a means of social organization. Several case studies are used.


More courses in the Course Catalogue.


Portrait of Varghese Manaloor, PhD

Varghese Manaloor, PhD

“Courses I have taught include applied microeconomics, econometrics, statistics for business and economics, environmental economics, and ethics in business and economics.”

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