What influences our world and drives change? How do policies, economies, and legal systems interact to influence business, government, and society? Understand how decisions at every level impact the future of society.
Check out some examples of courses that tackle real-world questions in policy, economics, and business.
BUS_INST 321
Who dares challenge economic success?
BUS_INST 394
What are the key challenges and trends shaping the future of college athletics?
ECON 350
How do monopolies challenge the balance between innovation, competition, and regulation?
ECON 342
Can economic decisions be both universal and deeply influenced by gender?
ECON 331
How do economists model decision-making under risk and uncertainty?
POLI_SCI 331-0
Is the Supreme Court more of a political player or a legal referee in the American system?
CLA 330
What did the Romans know that we don't?
ANTHRO 353
How do formal and informal economies shape modern capitalism in a globalized world?
PSYCH 340
Can the human mind be accurately understood and judged in a courtroom?
EVNR-POL-390-0-23
How do Native American concepts connect land, identity, and cultural preservation?
SOCIOL 206-0
Is the law in control?
What is it like to be a student?
As a student, you can delve into the study of policy, economics, and business through interdisciplinary coursework, internships, community projects, and extracurricular activities. You also can collaborate with faculty on cutting-edge research.
Lauren Melanfont '24
Lauren Melanfont '24 shares how Northwestern’s mix of academics, social life, and opportunities made her college experience unforgettable. Its unique quarter system allowed her to take various classes blending economics, political science, and a minor in business institutions, all while diving into her love for public policy. She loved how professors foster a collaborative environment and genuinely connect with students. Her advice? Take full advantage of internships and other experiences to maximize your time at Northwestern.
Steph Shields ’24
Hailing from just outside San Francisco, Steph Shields '24 chose Northwestern to follow her interest in government and policy. The flexible quarter system allowed her to take more classes and explore new topics, where she realized her new interest in energy policy. She recommends exploring different classes and fields—it’s a great way to find new interests and see what excites you.
Nina Bush '24
Nina Bush '24 shares how professors encourage students to bring their perspectives to class discussions to create a space where diverse approaches to problem-solving thrive. Nina's journey began with a class on Dante’s Divine Comedy, which transformed her outlook. She later applied lessons from Dante to investment banking, exploring the morality of finance and how to navigate corporate America. Her experience highlights how Northwestern’s interdisciplinary approach empowers students to forge new ideas, concepts, and connections across seemingly unrelated fields.
Innovators in the Classroom and Beyond
Get to know some of our dedicated professors who are passionate about teaching and nurturing your success as a student.
Alvin Tillery gives a crash course in democracy – outside the classroom
The political science professor, who founded and directs the Center for the Study of Diversity and Democracy, says involving undergraduate students in his research is “one of the highlights of [his] career.”
Lori Beaman uses quantitative skills to study “people problems”
The Breen Family Professor of Economics first became interested in development economics when she was a Northwestern freshman studying chemical engineering. Now she teaches the course that inspired her.
Explore student clubs, internships, and campus resources.
Chicago Field Studies: Business Field Studies
Chicago Field Studies internships combine classroom learning with real-world experience, helping students bridge the gap between theory and practice. These opportunities allow students to explore career paths, enhance their skills, and expand their professional networks. Through coursework and an internship, students examine the organizational and cultural forms of work and the modern business workplace, including globalization and localization, demographic shifts, business ethics, and futurology.
Chicago Field Studies internships blend academic study with hands-on experience, helping students connect theory to practice, explore careers, build skills, and expand professional networks. Through coursework and an internship, students examine the intersection of law, culture, and society in the United States.
The Undergraduate Economics Society (UES) is open to all undergraduate Economics majors and minors. UES aims to provide resources for students interested in both economics and business in order to further their academic and career goals.
Chicago Public Schools Financial Literacy Outreach (CPS FLO)
Chicago Public Schools Financial Literacy Outreach (CPS FLO) is dedicated to providing financial literacy education to high schools in Chicago Public Schools.
Northwestern Economics Tournament (NET) is an annual event for high school students passionate about economics and its applications. Northwestern students involved in NET volunteer to organize and run this event.
Harvey Kapnick Center for Business Institutions Lunch and Learn
Lunch & Learn events take place weekly at the Harvey Kapnick Center for Business Institutions, offering undergraduate students the chance to engage in casual conversations with guests from various industries over lunch. These sessions provide insights into career paths, industry knowledge, and personal experiences.
Get inspired by the career pathways in policy, economics, and business.
People in policy, economics, and business pursue roles in government, industry, finance, consulting, banking, law, media, non-profits, and public service. They may focus on market forecasting, revenue analysis, and cost-benefit studies in sectors like education, health, and transportation, while some professionals work in corporations, labor unions, marketing, education, and technology.
In Weinberg College's monthly podcast, Weinberg alumni share their career experiences. Listen to what they have to say about the fields of public policy, economics, and business.
Weinberg grad Mai Sistla '14 discusses her journey from Northwestern to deputy director at the Aspen Tech Policy Hub. Learn about important classes, extracurriculars, grad school, and the value of an Arts & Sciences education.
Weinberg grads Charlie Vasbinder '19 and Thanas Kountroubis '19 discuss their experiences at Northwestern, Chicago Field Studies, and their current careers at Barnett Capital.
BUS_INST 321
Business and Economic Institutions in Historical Perspective
About the Course
Factors affecting economic growth and challenges to achieving economic success. Organization of firms and financial markets; corporate governance; innovation; financial crises; income inequality; race and gender.
This course provides an in-depth overview of key issues in intercollegiate athletic administration, including the history, operations, finances, and strategic planning of college sports. Topics include student-athlete employment status, name/image/likeness opportunities, NCAA gender equity, behavioral issues, social justice, NCAA governance, the Alston Supreme Court case, the transfer portal, conference re-alignment, and transgender athletes. Students will engage with experienced professionals in college athletics.
This course examines monopoly as a market failure in the context of antitrust law, public utility regulation, network effects, and intellectual property. We will explore how firms reduce competition through strategies like mergers or collusion and study antitrust law's role in addressing these issues. The course also looks at natural monopolies in utilities like power and water, the challenges regulators face, and the role of government in the digital economy. Lastly, we will analyze the balance between encouraging innovation through temporary monopolies (e.g., patents) and maintaining competitive markets.
This course explores the economics of gender, focusing on how individuals and households make decisions from a gendered perspective. Topics include women's status globally, education, marriage, fertility, labor supply, and discrimination. The course emphasizes applied microeconomic theory and empirical analysis, using econometric techniques and real-world examples. It also examines the link between research and public policy, aiming to provide students with a microeconomic framework to analyze gender-related economic issues.
This course explores how economists translate intuitions about decision making under risk and uncertainty into rigorous, tractable models. It illustrates how these models help us understand important aspects of economic phenomena such as investment in financial assets, insurance, information acquisition, intertemporal allocation of resources, etc. We shall also point out some shortcomings of "standard' models of choice under risk and uncertainty, and briefly examine proposed extensions that overcome them.
This course offers a thorough examination of the U.S. Supreme Court in the American political system. We will focus primarily on the Court as an institution—that is, the set of norms, rules, and policymaking processes that lead to the High Court's decisions. Although the study of legal doctrine (e.g., constitutional law) is central to understanding the Supreme Court's role in American government, this course will emphasize the institutional processes by which the justices create substantive policy (and not the content of legal doctrine itself). In doing so, we will investigate how the Court operates as both a legal and political institution, as well as its place in the larger political system. This course will also emphasize the social scientific study of the Supreme Court, involving topics such as judicial selection, the Court's agenda-setting and control of its docket, and decision making on the merits.
Our modern focus on GDP, stock markets, and trade deficits has spurred scholarship on the ancient Roman economy, revealing how different it was from today. This course examines those differences and their impact on everyday life, past and present. Key questions include: What did economic growth mean for the Romans? How did energy consumption, social class, low life expectancy, long-distance trade, and technological progress influence their economy?
Shady Business: Informal Economies in Contemporary Capitalism
About the Course
Taking stock of world economic changes such as the collapse of socialism, the advent of globalization as well as the intensification of transnational labor migration, this course aims to reveal the categorical distinctions drawn between formal and informal economies in contemporary capitalism as historically situated and politically charged constructs.
Examines the application of psychology to law, including topics such as the insanity defense, criminal profiling, eyewitness testimony, and interrogation.
Land, Identity, and the Sacred: Native American Sacred Site Protection and Religious Rights
About the Course
This class involves the intersection of religion, cultural preservation, ethnoecology, and law. We will focus on Native American concepts of the sacred, language, and how they create relationships to land, ceremony, history, and tribal/ethnic identity. Central to the class will be a focus on the sacred aspects of tribal identity and the role that landscape plays in the creation and maintenance of these identities.
Law is everywhere, shaping our daily lives. This course explores the relationship between law and society using interdisciplinary perspectives from sociology, history, anthropology, political science, and psychology. We'll focus on the sociology of law, primarily in the American context, while also touching on international law and global human rights. Key topics include law and social control, law’s role in social change, and its ability to intervene in social relations and institutions.