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Political Economy
The bachelor’s degree in political economy is designed primarily to prepare students for the advanced study of economics, with a focus on its political context and implications. It would also provide useful preparation for careers in or the advanced study of areas including law, political science, public policy, and urban and regional planning. Opportunities are significant for persons working as lawyers, economists, political scientists, and urban and regional planners. Additional pursuits include working as an analyst in marketing, research, and finance.
Our economy is driven by decisions. Marketers work to study and influence the decisions made by consumers. Managers strategize to make decisions within their organizations. Political economists focus on the intersection of political science and economics, how policy can shape and is shaped by an economy and the members and leaders within it. Interested in a career in law, as a policy-maker, planning, or analysis? Political Economy might be the perfect major for you.
Economists apply both qualitative and quantitative economic analysis to topics within a variety of fields, such as education, health, development, and the environment. Some economists study the cost of products, healthcare, or energy, while others examine employment levels, business cycles, exchange rates, taxes, inflation, or interest rates.
Economists often study historical trends and use them to make forecasts. They research and analyze data using a variety of software programs. They sometimes present their research to various audiences.
Many economists work in federal, state, and local government. Federal government economists collect and analyze data about the U.S. economy, including employment, prices, productivity, and wages, among other types of data. They also project spending needs and inform policymakers on the economic impact of laws and regulations.
Economists working for corporations help managers and decision makers understand how the economy will affect their business. Specifically, economists may analyze issues such as consumer demand and sales to help a company maximize its profits.
Economists also work for international organizations, research firms, and think tanks, where they study and analyze a variety of economic issues. Their analyses and forecasts are frequently published in newspapers and journals.For the most current occupational information regarding finance and other careers, including required education and median salary amounts, we recommend you visit O*NET OnLine, a very useful website created for the U.S. Department of Labor.
Students who develop sharp analytical skills in management, decision-making, and planning, are well-prepared for any situation or environment in business.
The world today has plenty of workers with degrees in business, including political economy. And it takes much more than just a degree to compete with them. Employers today want employees not only competent in their field but who can communicate effectively, work in and lead teams, and are able to observe and analyze a situation to quickly identify the best solution. You won’t find this experience in just any degree program.
The best business education should include two important standards: (1) Everything you learn should be useful in the world right now, not just twenty years ago or “someday in your future career.” (2) You should be given the opportunity to put what you learn to the test. Many universities offer excellent lessons in business theory. Others offer a more training-based education. Very few can offer you both.
Studying Political Economy at La Sierra University
The School of Business offers students an engaging experience in Political Economy. All of our professors hold Master's Degrees or above, and have extensive professional and research experience. Our curriculum prepares students for a number of applicable careers with a real-world focus on learning and the course experience. Click here to view the most recent curriculum sheet for Human Resource Management majors. Our faculty and staff are always interested in meeting new and potential HR students. Learn more about and contact any of our professors on our faculty/staff page.
Absolutely. In our School of Business, we believe that the value of your education is found in how you can use it right now. So we not only hire professors with the highest level of education available in their respective fields, we find those who are also active in research, publications, consulting work, and other opportunities for engagement and continued learning. By the time you graduate from La Sierra University with a degree, we want you to already have valuable experience not only in the standards and practices of this field, but in acting as a leader, a team-member, an effective communicator, a sharp analyst, and an ethical decision-maker.
In our School of Business, we believe in the value of small class-sizes combined with highly engaged professors. We limit the maximum enrollment of each of our courses to thirty students or fewer, allowing our professors to work closely with each student, maximizing their potential for learning. In addition, each of our professors holds regular office hours, a time for students to meet with them for assistance, questions, advice, or even to learn of networking or career opportunities. There is nothing that delights our professors more than students interested in their own growth.
Yes. We strongly believe in the value of engagement outside of the classroom. All students are given opportunities to apply what they learn in the classroom in useful ways to our local and global community. Whether it be through community engagement in our Service-Learning courses, student-led projects in our Enactus Team, events and activities with our highly active business club and other student groups on campus, our students learn through experience.
We also work actively to engage students in job and internship opportunities. The fact that La Sierra University lies in the fastest growing county in the state and a city known for its affinity to business provides our students with excellent prospects for local work and internship opportunities. Our annual Meet the Firms Night event stands as one such opportunity for students to meet and network with potential employers.
One of the most common mistakes potential business students make is assuming that the study of business is only for those who “enjoy math” or “working with numbers.” Today’s employers need students with strong communication, leadership, critical thinking, and analytical ability. As a university, we seek well-rounded students with these same characteristics. And based on current trends across the United States, students who put extra effort into their written and oral communication skills before college end up in high demand.
The bachelor’s degree in political economy is designed primarily to prepare students for the advanced study of economics, with a focus on its political context and implications. It would also provide useful preparation for careers in or the advanced study of areas including law, political science, public policy, and urban and regional planning. Opportunities are significant for persons working as lawyers, economists, political scientists, and urban and regional planners. Additional pursuits include working as an analyst in marketing, research, and finance.
Educational Qualifications
Most economist jobs require an advanced degree, but some entry-level jobs are available with a bachelor’s degree, including jobs with the federal government. Most who complete a bachelor’s degree in economics find jobs outside the economics profession as research assistants, financial analysts, market analysts, and similar positions in business and finance.
Most urban and regional planners have a master’s degree from an accredited urban or regional planning program. Aspiring urban planners with a bachelor’s degree but not a master’s degree can qualify for a small number of jobs as assistant or junior planners. Candidates with a bachelor’s degree typically need work experience in planning, public policy, or a related field.
Political scientists need a master’s degree or Ph.D. in political science, public administration, or a related field. Jobseekers with a bachelor’s degree in political science usually qualify for entry-level positions in many related fields. Some qualify for entry-level positions as research assistants, others as policy analysts for research organizations, political campaigns, nonprofit organizations, or government agencies. Many go into fields outside of politics and policy, such as business or law.
Job Outlook
Employment of economists is projected to grow 6 percent from 2014 to 2024, about as fast as the average for all occupations. Employment of urban and regional planners is projected to grow 6 percent from 2014 to 2024, about as fast as the average for all occupations. Employment of political scientists is projected to decline 2 percent from 2014 to 2024.
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