An economics internship is a professional learning experience that provides students with an opportunity to apply economic knowledge to “real world” experiences. The internship enables students to become familiar with work that requires the application of economics ideas, concepts and skills, to learn new skills related to economics, and to become familiar with the expectations for work in the professional world.
You must obtain an internship in an organization to provide on-the-job training and applied research experience with professionals in settings appropriate to Economics and student professional interest. A maximum of 6 hours can count toward major. This class must be taken Satisfactory/Unsatisfactory and BECAUSE THIS IS A CLASS (ECON 484) – YOU WILL PAY TUITION JUST LIKE ANY OTHER CLASS.
HOW TO RECEIVE CREDIT
- Major in Economics
- 12 completed hours of economics including ECON 323
- 2.5 cumulative GPA; 2.5 GPA in Economics courses
- Submission of application for pre-approval.
YOU MUST RECEIVE APPROVAL PRIOR TO YOUR INTERNSHIP START DATE TO RECEIVE CREDIT!
Work at Internship Site
All interns are expected to work a minimum of 150 total hours by the end of the semester. The specific times and number of hours per week should be negotiated with your internship supervisor and approved by the Director of Economics Internship Programs. Students must keep a record of their hours. Additionally, students participating in ECON 484 must comply with University Travel Policies, including, but not limited to submitting the Travel Information Form (online) 48 hours prior to beginning the internship. Students are expected to turn in documentation from their supervisor verifying hours.
- Analyze the effects of economic policy on micro-level functioning in an agency.
- Utilize economic tools and theories to analyze tradeoffs and make decisions based on scarcity and opportunity costs in an organization or public policy setting.
- Describe the determinants of price based on market competitors and costs.
- Articulate how an organization allocates its resources internally and within the market.
- Interpret the effect of government policy on the market.
- Analyze how macroeconomic events affect individual organizations (such as inflation, recessions, and stock market behavior).
- Recognize crucial economic indicators (GDP, unemployment, retail numbers, etc.).
Note: Students must apply for internship course credit before their internship begins. The Department will not approve applications for credit submitted after an internship has already begun.