We teach students to apply data, empirical methods and economic theory to study real-world events. Nearly two-thirds of Amherst graduates have taken our introductory course. We are proud to count two Nobel laureates among our alumni.
For Fall 2020 all economics major declarations will be processed remotely. If you plan to declare please visit the Google Form linked below to learn about the required documents and complete the form to begin the major declaration process.
Study the central problem of scarcity and the ways in which the U.S. economic system allocates scarce resources among competing ends and apportions goods among people.
Examine the field of behavioral economics, which studies how individuals actually make decisions that may deviate from the way “rational actors” are modeled in terms of making decisions in classical economics.
Explore the economic importance of entrepreneurship, the roles entrepreneurs play in innovation, economic growth, and rising living standards, as well as determinants of entrepreneurial success.