West Texas A&M University

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Department of Accounting, Economics and Finance Economics Program


Department of Accounting, Economics and Finance



Economists study how society distributes resources, such as land, labor, raw materials, and machinery, to produce goods and services.  They conduct research, collect and analyze data, monitor economic trends, and develop forecasts on a wide variety of issues, including energy costs, inflation, interest rates, exchange rates, business cycles, taxes, and employment levels, among others.  Economists develop methods for obtaining the data they need. Preparing reports, including tables and charts, on research results also is an important part of an economist's job. 

Economics is often considered an ideal pre-professional undergraduate degree.  Over half the students pursuing an undergraduate degree in economics will continue into professional programs, which include law school, MBA programs, graduate programs in finance, or doctorate programs in areas such as marketing, management, economics or finance.  The economics major includes a concentration that combines law & economics. Economics graduates not seeking advanced professional degrees often work in banking, insurance, management, economic development enterprises, regulation, government, or international business relations.



A degree in economics can provide you with the knowledge necessary to view and describe society and organizations from an analytical perspective.  Economics combines the foundation knowledge from business with the social sciences in an effort to understand human behavior not only by using psychology and sociology, but also by studying society through mathematics, statistics, and historical analyses.  Economics majors learn to make cost-benefit decisions and to apply policy analysis based on qualitative and quantitative research.  Ultimately, economic models help students analyze complex issues.  Critical thinking is a prerequisite to clear writing and oral presentation.  Economics helps develop the ability to organize thoughts and to write professionally for both technical and non-technical audiences.  These are essential skills in any occupation that can readily transfer to various careers and are valuable assets for professional degrees in law and business. 

    Extracurricular Activities

    The Economics Club is an organization that meets twice a month to informally discuss current issues in economics.  The organization has received multiple grants from the Koch Foundation, which provides funding for reading materials, lunches, guest speakers, travel, research support, and miscellaneous other activities.  The club allows students interested in economic issues to share ideas with peers and faculty members outside of the classroom environment.

    Omicron Delta Epsilon (ODE), the International Honors Society for Economics students, was established at West Texas A&M University in 1970.  West Texas A&M University is host to the Nu chapter of ODE.  Admission to Omicron Delta Epsilon is recognized on the academic transcript of inductees at West Texas A&M University.

    As an AACSB accredited business school, the College of Business is eligible to pursue Beta Gamma Sigma (International Honors Society for Business students).

    Enactus is a student organization in the College of Business.  Enactus uses a business mindset and an entrepreneurial approach to improve the quality of life and standard of living of people in need and help businesses achieve profitability.

    The College of Business supports an annual summer study abroad trip, which focuses on business and cross-cultural issues. Locations include Denmark, Sweden, England, Russia, Germany, Austria, Switzerland, and Cananda.


    George H. W. Bush, US President 
    Ronald Reagan, US President
    Gerald Ford, US President 
    Stephen Harper, Prime Minister of Canada 
    Manmohan Singh, Prime Minister of India
    Ernesto Zedillo, President of Mexico 
    Carlos Salinas de Gortari, President of Mexico 
    Janez Drnovsek, Prime Minister of Slovenia
    Duck-Woo Nam, Prime Minister of South Korea
    Ruud Lubbers, Prime Minister of The Netherlands
    Yuliya Tymoshenko, Prime Minister of Ukraine
    Viktor Yuschenko, President of Ukraine 
    Kofi Annan, Secretary General of the United Nations
    Ellen Johnson-Sirleaf, President of Liberia 
    Romano Prodi, Prime Minister of Italy

    Ted Turner, CEO CNN, Atlanta Braves/Hawks
    Steve Ballmer, CEO, Microsoft
    Scott McNealy, CEO, Sun Microsystems
    Meg Whitman, CEO, Ebay Technologies
    William Harrison, Jr., CEO, JP Morgan Chase
    Richard Trumka, President of United Mine Workers
    John Sweeny, President, AFL-CIO 
    Donald Trump, Real Estate/TV Mogul
    Warren Buffet, Financier
    Sam Walton, Founder of Wal-Mart

    Phil Gramm, US Senator
    Sandra Day-O'Connor, US Supreme Court Justice
    Dick Armey, US Congressman
    George Schultz, US Secretary of State
    Roy Romer, Governor of Colorado
    Barbara Boxer, US Senator 
    Anatoly Chubais, Deputy Prime Minister of Russia
    Abdullah Gill, Deputy Prime Minister of Turkey 
    Leszek Balcerowicz, President, Bank of Poland
    Jim Bunning, US Congressman/Hall of Fame Baseballer
    John Snow, US Secretary of Treasury
    General Anthony Zinni, U.S. Marine Corps General

    Arnold Schwarzenegger, Actor/Governor
    Young M.C., Singer
    Danny Glover, Actor
    Robert Prosky, Actor
    Peter Gallagher, Actor
    George Wendt, Actor 
    Gene Kelly, Actor/Dancer
    Paul Newman, Actor 
    Famke Janssen, Actress
    Cate Blanchett, Actress
    Lionel Richie, Singer/Songwriter 
    Ray Manzarek, Musician; The Doors
    Scott Adams, Cartoonist, creator of Dilbert 
    Ben Stein, Actor/political speechwriter

    John Elway, NFL quarterback
    Bernie Kosar, NFL quarterback 
    Mike Mussina, MLB Pitcher
    Tiger Woods, Golfer 
    Peter Vidmar, Olympic Gold Medalist Gymnast 
    Jennifer Azzi, WNBA guard Utah Starzz 
    Lenny Wilkens, NBA Coach/Hall of Famer 
    Austin Carr, NBA player 
    Bill Belichick, NFL Head Coach


    Credit Analyst
    Average wage (TX) - $66,360
    Average wage (US) - $67,230

    Government Examiner & Regulator
    Average wage (TX) - $55,200
    Average wage (US) - $55,200

    Insurance Adjusters
    Average wage (TX) - $57,820
    Average wage (US) - $58,780

    Loan Counselor
    Average wage (TX) - $40,930
    Average wage (US) - $40,930

    Loan Officer
    Average wage (TX) - $67,840
    Average wage (US) - $63,210

    Office Manager
    Average wage (TX) - $49,900
    Average wage (US) - $49,900

    Retail Manager
    Average wage (TX) - $39,200
    Average wage (US) - $39,130

    Wholesale & Retail Buyer
    Average wage (TX) - $58,030
    Average wage (US) - $55,840

    Wage information taken from http://wtamu.myplan.com


    • Mathematics to solve problems.
    • Understanding written sentences and paragraphs in work-related documents.
    • Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
    • Understanding the implications of new information for both current and future problem-solving and decision-making.
    • Communicating effectively in writing as appropriate for the needs of the audience.
    • Ability to communicate information and ideas in speaking so others will understand.

    Key resources

    • Duman Scholarship
    • Coffee Scholarship
    • Terry Scholarship
    • Lasater-Looney Scholarship 
    • Eggers Scholarship
    • Reynolds Scholarship
    • Hayward Scholarship
    • Davidson Scholarship
    • Harris Scholarship
    • Foust Scholarship
    • Abraham Scholarship
    • Edwards Scholarship
    • Pickens Scholarship
    • Terry Classroom
    • First Bank Southwest Classroom


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