Economics is the study of how societies, governments, businesses, households, and individuals allocate their scarce resources. Our discipline has two important features. First, we develop conceptual models of behavior to predict responses to changes in policy and market conditions. Second, we use rigorous statistical analysis to investigate these changes.
Economists are well known for advising the president and congress on economic issues, formulating policies at the Federal Reserve Bank, and analyzing economic conditions for investment banks, brokerage houses, real estate companies, and other private sector businesses. They also contribute to the development of many other public policies including health care, welfare, and school reform and efforts to reduce inequality, pollution and crime.
The study of economics can also provide valuable knowledge for making decisions in everyday life. It offers a tool with which to approach questions about the desirability of a particular financial investment opportunity, whether or not to attend college or graduate school, the benefits and costs of alternative careers, and the likely impacts of public policies including universal health care and a higher minimum wage.
Expected September 2026
College of Liberal Arts and Sciences
601 S. Morgan St.,
3rd floor UH,
CHICAGO,
Illinois,
60607, United States
High school graduates who have never attended another college or university must submit evidence of graduation from an accredited high school or submit passing scores on the General Educational Development (GED) test.
They must have obtained TOEFL iBT - Total Score 80; IELTS Overall Score - 6.5 with a score of subsection minimum as follows: listening 6, writing 6, reading 6, and speaking 6, PTE with a score of 54 (with subsection minimum as follows: listening 47, writing 56, reading 51, and speaking 53).
Application deadline: Fall - First Year Early Action - November 1st, First Year Regular Decision - February 1st. Spring - First Year Regular Decision - October 1st.
*There may be different IELTS requirements depending on your chosen course.
