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Economics is the study of the choices people make. More formally, it’s a study of the choices people make as they cope with scarcity and the incentives that influence those choices. When a company decides to hire a new employee, what characteristics determine who is the “best” to hire? If a company chooses to hire one employee and not the other, what do they gain and what do they lose? Or, when the government raises taxes on gasoline, how will that affect the amount people purchase and how will incomes for gasoline companies be affected? As an Econ major, you will learn how to navigate through a data set, extract something useful and appropriate from it, and properly interpret those results.
Economists work for local, state, and federal government, as consultants for corporations, in the banking industry, and as analysts in the private and public sectors. Students who continue in graduate studies commonly get advanced degrees in business, law, and economics.
Careers in Economics (School of Management)
Job titles of recent Krannert Economics graduates:
Academic qualification equivalents
English language requirements
Year of Establishment | 1869 |
Location | West Lafayette, Indiana, USA |
Type of University | Public |
G.P.A required | 3.5-3.9 |
Number of Undergraduate Programs | 200 |
Number of Graduate Programs | 29 |
Number of Doctorate Program | 7 |
Number of Students | 40,000+ |
Number of International Students | 9,000+ |
Campus Housing | Available |
Number of Campuses | 6 |
Average Annual Tuition and Fees (International) | 30,794 |
Financial Aid | Scholarships, Work study |
Before applying for admission, you should have a rough idea of how much you'll have to spend. The cost of living in the United States for an academic year at a university is as follows.
The tuition charge for the institute's various programmes varies depending on their degree and duration. However, the following is an estimate of the fee and room allocation for students:-
Expenses | Amount (USD) |
---|---|
Tuition fees | 30,794 |
Room/Board | 10,030 |
Subtotal | 40,824 |
Other expenses apart from tuition fee to be considered while applying for admission
Books/Supplies | 1,000 |
Transportation | 2,260 |
Miscellaneous | 1,150 |
Subtotal | 4,770 |
Estimated total | 45,594 |
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 |