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Economics Transfer Pathway

  • Associate of Arts (AA)
  • 60 credits
  • Delivery Method: On-Campus

Why Study Economics Transfer Pathway at LSC?

The Economics Transfer Pathway AA offers students a powerful option: the opportunity to complete an Associate of Arts degree with course credits that directly transfer to designated Economics bachelor’s degree programs at Minnesota State universities. The curriculum has been specifically designed so that students completing this pathway degree and transferring to one of the seven Minnesota State universities* enter the university with junior-year status. All courses in the Transfer Pathway associate degree will directly transfer and apply to the designated bachelor’s degree programs in a related field.

*Universities within the Minnesota State system include Bemidji State University; Metropolitan State University; Minnesota State University, Mankato; Minnesota State University, Moorhead; Southwest State University; St. Cloud State University; and Winona State University.

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Career Information

Economists Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

$116K

$55/hr

Median annual salary/wage for
Economists
in the United States

Details

5%

Projected job growth
in the next decade

Details

18K

Economists are currently employed

Details

This data is delivered by an API from CareerOneStop, sponsored by U.S. Department of Labor, Employment and Training Administration. www.careeronestop.org Find more information including data update schedules at CareerOneStop's Data Sources (https://www.careeronestop.org/Help/data-sources.aspx). Full list of datasources.

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Median Annual Salary/Wage Earnings for Economists

the United States

$116K
$55/hr

$63K - $217K

$30/hr - $104/hr

Minnesota

$97K
$46/hr

$65K - $155K

$31/hr - $74/hr

The Occupational Employment and Wage Statistics (OEWS) program produces employment and wage estimates annually for over 800 occupations. These estimates are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas; national occupational estimates for specific industries are also available.

Salary data are from U.S. Department of Labor, Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS) program (www.bls.gov/oes/). Current as of May 2024.

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Projected 10-Year Job Growth for Economists

Outlook: Average

the United States

5%

Projected Annual Job Openings: 1,000

2023 to 2033

Minnesota

4%

Projected Annual Job Openings: 20

2022 to 2032

My Next Move provides career outlook designations that include Bright, Average, or Below Average. Bright Outlook occupations are expected to grow rapidly in the next several years, will have large numbers of job openings, or are new and emerging occupations.

Occupation outlook data come from O*NET Bright Outlook occupations (www.onetonline.org/find/bright) and My Next Move career outlook designations (www.onetcenter.org/bright/current/mnm_outlook.html). Note this information is only available at a national level, so even if you selected a state, you’ll see this information for the whole country. Current as of November 2024.

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Employment Numbers for Economists

the United States

Estimated Employment:

17,500

Minnesota

Estimated Employment:

250

My Next Move provides career outlook designations that include Bright, Average, or Below Average. Bright Outlook occupations are expected to grow rapidly in the next several years, will have large numbers of job openings, or are new and emerging occupations.

Occupation outlook data come from O*NET Bright Outlook occupations (www.onetonline.org/find/bright) and My Next Move career outlook designations (www.onetcenter.org/bright/current/mnm_outlook.html). Note this information is only available at a national level, so even if you selected a state, you’ll see this information for the whole country. Current as of November 2024.

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Alternative Job Titles for Economists

  • Economic Advisor
  • Economic Analyst
  • Economic Consultant
  • Economic Development Specialist
  • Economist
  • Forensic Economist
  • Project Economist
  • Research Economist
  • Revenue Research Analyst
  • Tax Economist

The O*NET database contains a rich set of variables that describe work and worker characteristics, including skill requirements.

Occupation data (titles, sample titles, descriptions, daily work activities, knowledge, skills, abilities, tasks, related occupations, technologies and tools, and work values) come from the O*NET 29.0 Database (www.onetcenter.org/database.html) by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 (creativecommons.org/licenses/by/4.0/) license. O*NET® is a trademark of USDOL/ETA. Current as of October 2024.

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Job Tasks and Activities for Economists

  • Advise others on business or operational matters.
  • Advise others on matters of public policy.
  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
  • Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.
  • Conduct research on social issues.
  • Develop economic guidelines and standards, and prepare points of view used in forecasting trends and formulating economic policy.
  • Establish standards for products, processes, or procedures.
  • Explain economic impact of policies to the public.
  • Explain regulations, policies, or procedures.
  • Forecast economic, political, or social trends.
  • Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.
  • Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
  • Instruct college students in social sciences or humanities disciplines.
  • Prepare scientific or technical reports or presentations.
  • Present information to the public.
  • Proofread documents, records, or other files to ensure accuracy.
  • Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
  • Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.
  • Review documents written by others.
  • Review professional literature to maintain professional knowledge.
  • Review technical documents to plan work.
  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
  • Supervise research projects and students' study projects.
  • Supervise trainees.
  • Teach theories, principles, and methods of economics.
  • Testify at legal or legislative proceedings.
  • Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy, and present recommendations based on cost-benefit analyses.

The O*NET database contains a rich set of variables that describe work and worker characteristics, including skill requirements.

Occupation data (titles, sample titles, descriptions, daily work activities, knowledge, skills, abilities, tasks, related occupations, technologies and tools, and work values) come from the O*NET 29.0 Database (www.onetcenter.org/database.html) by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 (creativecommons.org/licenses/by/4.0/) license. O*NET® is a trademark of USDOL/ETA. Current as of October 2024.

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Interests for Economists

  • Investigative
    Studying and researching scientific subjects and human behavior.
  • Conventional
    Following procedures and regulations to organize information or data, typically in a business setting.
  • Enterprising
    Managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations.

The O*NET database contains a rich set of variables that describe work and worker characteristics, including skill requirements.

Occupation data (titles, sample titles, descriptions, daily work activities, knowledge, skills, abilities, tasks, related occupations, technologies and tools, and work values) come from the O*NET 29.0 Database (www.onetcenter.org/database.html) by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 (creativecommons.org/licenses/by/4.0/) license. O*NET® is a trademark of USDOL/ETA. Current as of October 2024.

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Skills for Economists

In order of importance

  • Reading Comprehension
    Reading work-related information.
    Importance: 78/100
  • Mathematics
    Using math to solve problems.
    Importance: 78/100
  • Critical Thinking
    Thinking about the pros and cons of different ways to solve a problem.
    Importance: 78/100
  • Active Listening
    Listening to others, not interrupting, and asking good questions.
    Importance: 75/100
  • Writing
    Writing things for co-workers or customers.
    Importance: 75/100
  • Speaking
    Talking to others.
    Importance: 75/100
  • Judgment and Decision Making
    Thinking about the pros and cons of different options and picking the best one.
    Importance: 75/100
  • Active Learning
    Figuring out how to use new ideas or things.
    Importance: 69/100
  • Complex Problem Solving
    Noticing a problem and figuring out the best way to solve it.
    Importance: 69/100
  • Instructing
    Teaching people how to do something.
    Importance: 56/100
  • Systems Evaluation
    Measuring how well a system is working and how to improve it.
    Importance: 56/100
  • Monitoring
    Keeping track of how well people and/or groups are doing in order to make improvements.
    Importance: 53/100
  • Learning Strategies
    Using the best training or teaching strategies for learning new things.
    Importance: 53/100
  • Systems Analysis
    Figuring out how a system should work and how changes in the future will affect it.
    Importance: 53/100
  • Time Management
    Managing your time and the time of other people.
    Importance: 50/100
  • Social Perceptiveness
    Understanding people's reactions.
    Importance: 50/100
  • Service Orientation
    Looking for ways to help people.
    Importance: 50/100
  • Coordination
    Changing what is done based on other people's actions.
    Importance: 50/100
  • Persuasion
    Talking people into changing their minds or their behavior.
    Importance: 50/100
  • Operations Analysis
    Figuring out what a product or service needs to be able to do.
    Importance: 41/100
  • Management of Personnel Resources
    Selecting and managing the best workers for a job.
    Importance: 38/100
  • Negotiation
    Bringing people together to solve differences.
    Importance: 31/100
  • Programming
    Writing computer programs.
    Importance: 28/100
  • Science
    Using scientific rules and strategies to solve problems.
    Importance: 22/100
  • Management of Financial Resources
    Making spending decisions and keeping track of what is spent.
    Importance: 16/100
  • Management of Material Resources
    Managing equipment and materials.
    Importance: 16/100
  • Operations Monitoring
    Watching gauges, dials, or display screens to make sure a machine is working.
    Importance: 13/100
  • Technology Design
    Making equipment and technology useful for customers.
    Importance: 10/100
  • Quality Control Analysis
    Testing how well a product or service works.
    Importance: 6/100

The O*NET database contains a rich set of variables that describe work and worker characteristics, including skill requirements.

Occupation data (titles, sample titles, descriptions, daily work activities, knowledge, skills, abilities, tasks, related occupations, technologies and tools, and work values) come from the O*NET 29.0 Database (www.onetcenter.org/database.html) by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 (creativecommons.org/licenses/by/4.0/) license. O*NET® is a trademark of USDOL/ETA. Current as of October 2024.

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Knowledge for Economists

In order of importance

  • Mathematics
    Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
    Importance: 89/100
  • Economics and Accounting
    Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
    Importance: 87/100
  • English Language
    Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
    Importance: 76/100
  • Computers and Electronics
    Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
    Importance: 70/100
  • Education and Training
    Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
    Importance: 53/100
  • Communications and Media
    Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
    Importance: 44/100
  • Law and Government
    Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
    Importance: 42/100
  • Administration and Management
    Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
    Importance: 41/100
  • Sociology and Anthropology
    Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
    Importance: 38/100
  • History and Archeology
    Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
    Importance: 36/100
  • Geography
    Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
    Importance: 33/100
  • Personnel and Human Resources
    Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
    Importance: 32/100
  • Customer and Personal Service
    Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
    Importance: 30/100
  • Psychology
    Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
    Importance: 28/100
  • Administrative
    Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
    Importance: 24/100
  • Engineering and Technology
    Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
    Importance: 21/100
  • Sales and Marketing
    Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
    Importance: 20/100
  • Production and Processing
    Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
    Importance: 20/100
  • Philosophy and Theology
    Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture.
    Importance: 19/100
  • Telecommunications
    Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
    Importance: 19/100
  • Foreign Language
    Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
    Importance: 17/100
  • Transportation
    Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
    Importance: 13/100
  • Design
    Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
    Importance: 11/100
  • Physics
    Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub-atomic structures and processes.
    Importance: 8/100
  • Medicine and Dentistry
    Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
    Importance: 7/100
  • Public Safety and Security
    Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
    Importance: 7/100
  • Biology
    Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
    Importance: 7/100
  • Therapy and Counseling
    Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
    Importance: 5/100
  • Chemistry
    Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
    Importance: 5/100
  • Building and Construction
    Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
    Importance: 4/100
  • Mechanical
    Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
    Importance: 3/100
  • Fine Arts
    Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
    Importance: 2/100
  • Food Production
    Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
    Importance: 2/100

The O*NET database contains a rich set of variables that describe work and worker characteristics, including skill requirements.

Occupation data (titles, sample titles, descriptions, daily work activities, knowledge, skills, abilities, tasks, related occupations, technologies and tools, and work values) come from the O*NET 29.0 Database (www.onetcenter.org/database.html) by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 (creativecommons.org/licenses/by/4.0/) license. O*NET® is a trademark of USDOL/ETA. Current as of October 2024.

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Physical Abilities for Economists

In order of importance

  • Mathematical Reasoning
    Choosing the right type of math to solve a problem.
    Importance: 78/100
  • Inductive Reasoning
    Making general rules or coming up with answers from lots of detailed information.
    Importance: 78/100
  • Written Comprehension
    Reading and understanding what is written.
    Importance: 78/100
  • Deductive Reasoning
    Using rules to solve problems.
    Importance: 75/100
  • Speech Clarity
    Speaking clearly.
    Importance: 75/100
  • Written Expression
    Communicating by writing.
    Importance: 75/100
  • Oral Comprehension
    Listening and understanding what people say.
    Importance: 75/100
  • Oral Expression
    Communicating by speaking.
    Importance: 75/100
  • Fluency of Ideas
    Coming up with lots of ideas.
    Importance: 72/100
  • Problem Sensitivity
    Noticing when problems happen.
    Importance: 66/100
  • Speech Recognition
    Recognizing spoken words.
    Importance: 66/100
  • Near Vision
    Seeing details up close.
    Importance: 63/100
  • Number Facility
    Adding, subtracting, multiplying, or dividing.
    Importance: 63/100
  • Information Ordering
    Ordering or arranging things.
    Importance: 56/100
  • Category Flexibility
    Grouping things in different ways.
    Importance: 53/100
  • Originality
    Creating new and original ideas.
    Importance: 53/100
  • Memorization
    Remembering words, numbers, pictures, or steps.
    Importance: 47/100
  • Flexibility of Closure
    Seeing hidden patterns.
    Importance: 47/100
  • Selective Attention
    Paying attention to something without being distracted.
    Importance: 44/100
  • Visualization
    Imagining how something will look after it is moved around or changed.
    Importance: 35/100
  • Perceptual Speed
    Quickly comparing groups of letters, numbers, pictures, or other things.
    Importance: 35/100
  • Speed of Closure
    Quickly knowing what you are looking at.
    Importance: 35/100
  • Far Vision
    Seeing details that are far away.
    Importance: 35/100
  • Time Sharing
    Doing two or more things at the same time.
    Importance: 25/100
  • Auditory Attention
    Paying attention to one sound while there are other distracting sounds.
    Importance: 19/100
  • Visual Color Discrimination
    Noticing the difference between colors, including shades and brightness.
    Importance: 19/100
  • Hearing Sensitivity
    Telling the difference between sounds.
    Importance: 19/100
  • Trunk Strength
    Using your lower back and stomach.
    Importance: 16/100
  • Depth Perception
    Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
    Importance: 13/100
  • Wrist-Finger Speed
    Making fast, simple, repeated movements of your fingers, hands, and wrists.
    Importance: 10/100
  • Finger Dexterity
    Putting together small parts with your fingers.
    Importance: 10/100

The O*NET database contains a rich set of variables that describe work and worker characteristics, including skill requirements.

Occupation data (titles, sample titles, descriptions, daily work activities, knowledge, skills, abilities, tasks, related occupations, technologies and tools, and work values) come from the O*NET 29.0 Database (www.onetcenter.org/database.html) by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 (creativecommons.org/licenses/by/4.0/) license. O*NET® is a trademark of USDOL/ETA. Current as of October 2024.

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Tools and Technology used by Economists

  • Desktop calculator
  • Desktop computers
  • Mainframe computers
  • Notebook computers
  • Personal computers
  • Scanners
  • Analytical or scientific software
    • Aptech Systems GAUSS
    • Camfit Data Limited Microfit
    • Econometric Software LIMDEP
    • Estima Regression Analysis of Time Series RATS
    • Estimates Delivery System EDS
    • Global Insight AREMOS
    • IBM SPSS Statistics
    • Insightful S-PLUS
    • MacKichan Software Scientific Notebook
    • Maplesoft Maple
    • Mathsoft Mathcad
    • Minitab
    • Quantitative Micro Software EViews
    • SAS
    • StataCorp Stata
    • The MathWorks MATLAB
    • Timberlake Consultants OxMetrics
    • TreeAge Software TreeAge Pro
    • Wolfram Research Mathematica
  • Business intelligence and data analysis software
    • Tableau
  • Data base management system software
    • MySQL
    • Teradata Database
  • Data base user interface and query software
    • Microsoft Access
    • Microsoft SQL Server
    • Structured query language SQL
  • Desktop publishing software
    • LaTeX
  • Development environment software
    • Formula translation/translator FORTRAN
    • Microsoft Visual Basic
    • Microsoft Visual Basic for Applications VBA
  • Electronic mail software
    • Microsoft Outlook
  • Financial analysis software
    • Palisade @Risk
  • Geographic information system
    • ESRI ArcView
  • Internet browser software
    • Microsoft Internet Explorer
    • Mozilla Firefox
    • Web browser software
  • Object or component oriented development software
    • C++
    • Microsoft Visual C# .NET
    • Oracle Java
    • Python
    • R
  • Office suite software
    • Corel WordPerfect Office Suite
    • Microsoft Office software
  • Operating system software
    • UNIX
    • UNIX Shell
  • Presentation software
    • Microsoft PowerPoint
  • Spreadsheet software
    • Corel QuattroPro
    • IBM Lotus 1-2-3
    • Microsoft Excel
  • Web page creation and editing software
    • MediaWiki
  • Word processing software
    • Microsoft Word

The O*NET database contains a rich set of variables that describe work and worker characteristics, including skill requirements.

Occupation data (titles, sample titles, descriptions, daily work activities, knowledge, skills, abilities, tasks, related occupations, technologies and tools, and work values) come from the O*NET 29.0 Database (www.onetcenter.org/database.html) by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 (creativecommons.org/licenses/by/4.0/) license. O*NET® is a trademark of USDOL/ETA. Current as of October 2024.

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Employment Industries for Economists

  • Federal government, excluding postal service
    4,900 employed
  • Management, scientific, and technical consulting services
    2,800 employed
  • State government, excluding education and hospitals
    2,200 employed
  • Local government, excluding education and hospitals
    1,400 employed
  • Research and development in the social sciences and humanities
    1,400 employed
  • Monetary authorities-central bank
    600 employed

The O*NET database contains a rich set of variables that describe work and worker characteristics, including skill requirements.

Occupation data (titles, sample titles, descriptions, daily work activities, knowledge, skills, abilities, tasks, related occupations, technologies and tools, and work values) come from the O*NET 29.0 Database (www.onetcenter.org/database.html) by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 (creativecommons.org/licenses/by/4.0/) license. O*NET® is a trademark of USDOL/ETA. Current as of October 2024.

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Career Information Datasources for Economists

Below you will find the Career Field and Career Cluster that this program is related to. Learn more about if this career area fits your interests!

Is Business Administration and Management right for you?

Business, management, and administrative workers give the support needed to make a business run. You might check employee time records or train new employees. Or, you might work as a top executive and provide the overall direction for a company or department.

Plan Your Education

The Economics Transfer Pathway Program Guide is a tool to help you map out how to successfully get your degree at Lake Superior College.

View approximate total tuition and fees for MN residents to complete this degree.

Program Outcomes

A student completing Lake Superior College’s Minnesota State Economics Transfer Pathway and transferring into a designated bachelor’s program in Economics at a Minnesota State university will have junior standing and may complete the bachelor’s degree within an additional 60 credits. You will be able to transfer to the following designated majors at Minnesota State universities:

  • Bemidji State University: Economics, BS
  • Metropolitan State University: Economics (General & Business Tracks), BS
  • Minnesota State University, Mankato: Economics, BS
  • Minnesota State University, Moorhead: Economics, BS
  • Southwest Minnesota State University: N/A
  • Cloud State University: Business Economics, BA, Economics, BA
  • Winona State University: Economics, BA

In order to graduate and be guaranteed admission to a Minnesota State University’s designated program you must earn an overall grade point average as indicated by the university to which you will transfer.

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