Wake Forest Economics Department

Economics is about understanding the behavior of people. In particular, economics seeks to address how the world can be understood based on the incentives that various economic agents face. In practice, the study of economics involves using both conceptual and empirical tools to examine how people make choices. This theoretical and data work is, in turn, crucial in informing policymakers how to make their decisions.

Our majors gain strong quantitative skills through their courses and end up working in a vast array of professions: consulting, healthcare, banking, finance, pharmaceuticals, and real estate, to name a few, while others find careers in non-profit and public sectors. We also send our students to graduate school in law, business, economics, or public policy to name a few. 

Our majors also tend to have substantial earning power based on their economics degree. According to the Wall Street Journal’s “Degrees That Pay You Back” data, economics majors have the highest mid-career median salary of any non-engineering major.

So, please come visit us in the department and talk to our many faculty about your future major in economics!

NEWS

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  Professor Aeimit Lakdawala Weighs in on Latest Inflation Numbers
  Professor Aeimit Lakdawala spoke with ABC11 about the latest inflation numbers, what they signal about the U.S. economy, and how the Federal Reserve is balancing inflation concerns with a strong labor market. With core inflation continuing to move closer to the Fed’s 2% target, Lakdawala shared what the latest numbers could mean moving forward.
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  Michael Brennan wins the 2026 Wyndham Championship
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  Lakdawala and Seo Research Examines Federal Reserve Communication
  WFU Economics Professors Aeimit Lakdawala and Jinyoung Seo, along with Myungkyu Shim of Yonsei University, are exploring how the Federal Reserve’s communication can impact financial markets and the broader economy. Their new research finds that while clear guidance can be helpful, greater precision isn’t always better—sometimes it can actually lead to stronger market reactions and increased […]

EVENTS