Most notable Economics Professors and Ph.D candidates have backgrounds in Mathematical Sciences and Statistics. I did a bit of research into the field last year (my freshman) as to what Major I should choose. Right now I’ve settled on a dual degree program (graduate with two diplomas). The first is a B.S. in Management with a concentration in Financial Engineering, and the second is a B.A. in Math with my concentration being Calculus, ODEs & PDEs, and analysis. Then I have a minor in Economics. The reason why I’m taking so many math classes is that the minimum required for graduation is very low and it’s such an important skill. Both math and comp science are pretty hard. Nobody wants to do things that are hard, so they pay other people to do it for them. There’s a demand there, so somebody has to fill it and cash in. Also, I spoke with the undergrad Economics advisor and she said that a minor and major are worth the same.
As far as starting your own business, take some introductory Accounting classes and maybe some other management courses. That’s where you’re going to get the skills you need. There’s even a program at my university which is Entrepreneurship! On top of the core management classes (Finance, Information Systems, Accounting – Financial and Managerial (or Cost), Operations Management, and marketing) you need to take a course called “Entrepreneurship”, “New Venture Financing”, and “Product Management”.
I think that Economics is the wrong place for an entrepreneur. You’re going to want to either go undergrad in a business program or get your M.B.A. from a program that has an Entrepreneurship concentration.
Just my opinion on people who want to go to University and learn about how to run their business. You need a strong desire to do that though. Like other people said, major in something interesting. If you’re not interested, you’re wasting time.
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