Economics

Bachelor of Science Degree: 187.0 quarter credits
Bachelor of Arts Degree: 187.0 quarter credits

About the Program

Economics is at the root of business decisions, government policy making, and global relations. As a course of study, it can lead to diverse career opportunities, and is often viewed favorably as excellent preparation for graduate programs such as business and law. 

Although housed in the LeBow College of Business, the economics major is a free-standing major with different requirements in the liberal arts and sciences and a deeper, more complete coverage of economics than any other curriculum. Students majoring in economics benefit from complementary studies in one or more areas, depending on their interests and long-term plans.

Bachelor of Arts in Economics

The BA in Economics introduces students to modern economics within the context of a broad-based liberal arts curriculum. The degree is oriented toward students with interest in the less quantitative features of economics and a broader liberal arts education, particularly in areas offered by the College of Arts and Sciences. The degree requires students develop a depth of knowledge in a coordinate field (minor or major) outside of economics.

Bachelor of Science in Economics

The BS in Economics program introduces students to modern economics within the context of a general scientific and humanities curriculum. This degree is oriented towards students interested in acquiring a broad-based education with a focus on quantitative and professional skills. The degree stipulates that students either complete one of the specific economic concentrations (Business Economics or Mathematical Economics) or develop a depth of knowledge in a secondary minor or major field outside of economics.

The BS in Economics offers concentration choices in both Business Economics and Mathematical Economics.

Business Economics Concentration

This concentration prepares students to apply the rigorous methods of modern quantitative economics as professionals in a business context. This program combines coursework in economics and the functional fields of business administration within the context of a general scientific and humanities curriculum.

Mathematical Economics Concentration

This concentration prepares students for graduate study in quantitative and rigorous programs in economics and related fields. This program will also prepare students for professional work in quantitative economics or closely related areas, by providing coursework in economics and mathematics, in the context of a general scientific and humanities curriculum.

Coordinate Field Option

As an alternative to choosing one of these concentrations, students may also personalize their degree by developing a depth of knowledge in a secondary minor or major field outside of economics such as finance, social sciences, international studies or natural sciences. Examples of possible coordinating minors could include a minor in History and Politics for students interested in political economy or policy studies; a minor in American or European Studies for students interested in the economics of those countries, or a minor in Communication for students interested in economic journalism. In addition, students can complete a specialization in business economics or mathematical economics as an area of concentration. 

Minor in Economics

The minor in Economics provides a solid background in the application of economic theory to markets.  Students complete standard courses in micro- and macroeconomics that emphasize core training in economic decision making.  Students also choose a course that applies this training to areas such as international economics, firm and industry behavior, quantitative  economic analysis, and public policy.  This type of analytical training provides a strong complement to many majors, including business fields, but would be especially useful for students interested in careers in public policy or law. 

Additional Information

For more information about this major, contact the School of Economics.

Degree Requirements (BS)

While a variety of options are available for study in coordinating fields, two specific concentrations have been developed to address key areas in economics.

  • The business economics concentration
  • The mathematical economics concentration

The requirements for those concentrations are listed beneath the general requirements for the BS in Economics program.


General education requirements
ANTH 101Introduction to Cultural Diversity3.0
COM 270 [WI] Business Communication3.0
CS 143Computer Programming Fundamentals3.0
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
ENGL 102Composition and Rhetoric II: The Craft of Persuasion3.0
ENGL 103Composition and Rhetoric III: Thematic Analysis Across Genres3.0
PSY 101General Psychology I3.0
SOC 101Introduction to Sociology3.0
UNIV B101 [WI] The Drexel Experience2.0
Select one of the following math sequences:8.0
Introduction to Analysis I
   and Introduction to Analysis II
Calculus I
   and Calculus II
Fine arts elective3.0
Three laboratory science electives9.0
Two English literature electives: (ENGL 200 through ENGL 399)6.0
Two history electives6.0
Two philosophy electives6.0
Economics Requirements
ECON 201Principles of Microeconomics4.0
ECON 202Principles of Macroeconomics4.0
ECON 250Game Theory and Applications4.0
ECON 301Microeconomics4.0
ECON 321Macroeconomics4.0
ECON 322 [WI] Economics Seminar4.0
ECON 350 [WI] Applied Econometrics4.0
ECON 360Time Series Econometrics4.0
INTB 334International Trade4.0
INTB 336International Money and Finance4.0
Select one of the following sequences:8.0
Probability and Statistics I
   and Probability and Statistics II
Introduction to Business Statistics
   and Business Statistics II
Economics Electives20.0
Select 20.0 credits from any of the following:
Economics of Small Business
Economic Ideas
Managerial Economics
International Macroeconomics
Public Finance
Labor Economics
Industrial Organization
Economic Development
Comparative Economic Systems
Mathematical Economics
Resource and Environmental Economics
Special Topics in Economics
Multinational Corporations
Seminar in International Business
Regional Studies in Economic Policies and International Business
Practice of Environmental Economics
Introduction to Finance
Financial Institutions and Markets
Urban Sociology
Classical Social Theory
Additional Requirements **
Coordinate Field26.0
Additional courses as required to satisfy a coordinating field (a second major, minor, or one of the two available concentrations below)
Free electives29.0
Total Credits187.0

*

Students pursuing the concentration in Mathematical Economics can select CS 171 instead of CS 143.

**

Students who take the Mathematical Economics or Business Economics concentrations must complete the required concentration courses and free electives for a total of 55 credits.



Mathematical Economics Concentration

Students selecting this concentration must have satisfied the general educational mathematics requirements by taking and .

ECON 348Mathematical Economics4.0
MATH 123Calculus III4.0
MATH 200Multivariate Calculus4.0
MATH 201Linear Algebra4.0
MATH 210Differential Equations4.0
Select three of the following:9.0-12.0
Introduction to Mathematical Reasoning
Differential Equations II
Numerical Analysis I
Numerical Analysis II
Introduction to Optimization Theory
Actuarial Mathematics
Elements of Modern Analysis I
Elements of Modern Analysis II
Free Electives23.0-26.0
Total Credits55.0

Business Economics Concentration
 

Required Courses
ACCT 115Financial Accounting Foundations4.0
ECON 330Managerial Economics4.0
FIN 301Introduction to Finance4.0
MIS 200Management Information Systems4.0
ORGB 300 [WI] Organizational Behavior4.0
or BLAW 201 Business Law I
Select two of the following:8.0
Managerial Accounting Foundations
Intermediate Corporate Finance
Investment Securities & Markets
Introduction to Marketing Management
Operations Management
Free Electives27.0
Total Credits55.0


Writing-Intensive Course Requirements

In order to graduate, all students must pass three writing-intensive courses after their freshman year. Two writing-intensive courses must be in a student's major. The third can be in any discipline. Students are advised to take one writing-intensive class each year, beginning with the sophomore year, and to avoid “clustering” these courses near the end of their matriculation. Transfer students need to meet with an academic advisor to review the number of writing-intensive courses required to graduate.

A "WI" next to a course in this catalog may indicate that this course can fulfill a writing-intensive requirement. For the most up-to-date list of writing-intensive courses being offered, students should check the Writing Intensive Course List at the University Writing Center. Students scheduling their courses can also conduct a search for courses with the attribute "WI" to bring up a list of all writing-intensive courses available that term. Transfer students need to meet with an academic advisor to review the number of writing-intensive courses required to graduate.

Sample Plan of Study (BS)

Term 1Credits
ECON 201Principles of Microeconomics4.0
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
PSY 101General Psychology I3.0
MATH 121
or 101
Calculus I
Introduction to Analysis I
4.0
UNIV B101 [WI] The Drexel Experience1.0
 Term Credits15.0
Term 2
CS 143Computer Programming Fundamentals3.0
ECON 202Principles of Macroeconomics4.0
ENGL 102Composition and Rhetoric II: The Craft of Persuasion3.0
SOC 101Introduction to Sociology3.0
MATH 122
or 102
Calculus II
Introduction to Analysis II
4.0
 Term Credits17.0
Term 3
ANTH 101Introduction to Cultural Diversity3.0
ENGL 103Composition and Rhetoric III: Thematic Analysis Across Genres3.0
Laboratory science course 3.0
Philosophy elective 3.0
Economics elective*4.0
 Term Credits16.0
Term 4
COM 270 [WI] Business Communication3.0
ECON 301Microeconomics4.0
STAT 201Introduction to Business Statistics4.0
History elective3.0
Laboratory Science course 3.0
 Term Credits17.0
Term 5
ECON 250Game Theory and Applications4.0
ECON 321Macroeconomics4.0
STAT 202Business Statistics II4.0
Laboratory Science course 3.0
 Term Credits15.0
Term 6
ECON 350 [WI] Applied Econometrics4.0
INTB 334International Trade4.0
ENGL 200 through ENGL 399 3.0
Coordinate Field course (concentration/minor) or a Free elective 3.0
Philosophy elective 3.0
 Term Credits17.0
Term 7
ECON 360Time Series Econometrics4.0
INTB 336International Money and Finance4.0
Coordinate Field course (concentration/minor) or Free elective3.0
History elective3.0
 Term Credits14.0
Term 8
Economics electives*8.0
ENGL 200 through ENGL 399 course3.0
Coordinate field course (concentration/minor) or a Free elective 3.0
Fine Arts elective 3.0
 Term Credits17.0
Term 9
Economics elective*4.0
Coordinate Field courses (concentration/minor) or Free electives 6.0
Free electives6.0
 Term Credits16.0
Term 10
ECON 322 [WI] Economics Seminar4.0
UNIV B101 [WI] The Drexel Experience1.0
Coordinate Field course (concentration/minor) or a Free elective 3.0
Economics elective*4.0
Free elective 3.0
 Term Credits15.0
Term 11
Coordinate Field courses (concentration/minor) or Free electives 8.0
Economics elective*4.0
Free elective4.0
 Term Credits16.0
Term 12
Free electives 12.0
 Term Credits12.0
Total Credit: 187.0

*

 See degree requirements for a list of courses that satisfy the Economics elective requirements.


Degree Requirements (BA)

General Education Requirements
ANTH 101Introduction to Cultural Diversity3.0
COM 230Techniques of Speaking3.0
COM 270 [WI] Business Communication3.0
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
ENGL 102Composition and Rhetoric II: The Craft of Persuasion3.0
ENGL 103Composition and Rhetoric III: Thematic Analysis Across Genres3.0
INTB 200International Business4.0
MATH 101Introduction to Analysis I4.0
or MATH 121 Calculus I
MATH 102Introduction to Analysis II4.0
or MATH 122 Calculus II
PHIL 101Introduction to Western Philosophy3.0
PHIL 105Critical Reasoning3.0
or PHIL 371 Philosophy of Social Sciences
PSY 101General Psychology I3.0
SOC 101Introduction to Sociology3.0
UNIV B101 [WI] The Drexel Experience2.0
College of Media Arts and Design elective3.0
Two Laboratory Science courses *6.0
Political Science elective3.0
Social Science elective3.0
Diversity elective3.0
International Studies elective3.0
Two Modern Language courses (at least through 201 level)8.0
Required Economics Courses
ECON 201Principles of Microeconomics4.0
ECON 202Principles of Macroeconomics4.0
ECON 250Game Theory and Applications4.0
ECON 301Microeconomics4.0
ECON 321Macroeconomics4.0
ECON 322 [WI] Economics Seminar4.0
ECON 326 [WI] Economic Ideas4.0
INTB 334International Trade4.0
INTB 336International Money and Finance4.0
STAT 201Introduction to Business Statistics4.0
Economics Electives20.0
Select five of the following:
Economics of Small Business
Managerial Economics
International Macroeconomics
Public Finance
Labor Economics
Industrial Organization
Economic Development
Comparative Economic Systems
Mathematical Economics
Applied Econometrics
Resource and Environmental Economics
Time Series Econometrics
Practice of Environmental Economics
Introduction to Finance
Financial Institutions and Markets
Multinational Corporations
Regional Studies in Economic Policies and International Business
Seminar in International Business
Urban Sociology
Classical Social Theory
Coordinate Field (Minor or Major)24.0
Two of the courses in the chosen coordinate field must be 200 level or above.
Free Electives30.0
Total Credits187.0

*

Science courses are selected from Biology (BIO), Chemistry (CHEM), Environmental Science (ENVS), Physics (PHYS), or Physics-Environmental Science (PHEV).



Plan of Study (BA) 

Term 1Credits
UNIV B101 [WI] The Drexel Experience1.0
ECON 202Principles of Macroeconomics4.0
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
MATH 101
or 121
Introduction to Analysis I
Calculus I
4.0
PSY 101General Psychology I3.0
 Term Credits15.0
Term 2
ECON 202Principles of Macroeconomics4.0
ENGL 102Composition and Rhetoric II: The Craft of Persuasion3.0
MATH 102
or 122
Introduction to Analysis II
Calculus II
4.0
SOC 101Introduction to Sociology3.0
 Term Credits14.0
Term 3
ANTH 101Introduction to Cultural Diversity3.0
ENGL 103Composition and Rhetoric III: Thematic Analysis Across Genres3.0
PHIL 101Introduction to Western Philosophy3.0
INTB 200International Business4.0
Laboratory Science course3.0
 Term Credits16.0
Term 4
ECON 301Microeconomics4.0
COM 230
or 270 [WI]
Techniques of Speaking
Business Communication
3.0
STAT 201Introduction to Business Statistics4.0
Laboratory Science course3.0
College of Media Arts & Design elective3.0
 Term Credits17.0
Term 5
ECON 250Game Theory and Applications4.0
ECON 321Macroeconomics4.0
Modern Language elective4.0
Politics Science elective4.0
 Term Credits16.0
Term 6
ECON 326 [WI] Economic Ideas4.0
INTB 334International Trade4.0
Coordinate Field course3.0
Modern Language elective (101 or higher)4.0
 Term Credits15.0
Term 7
INTB 336International Money and Finance4.0
PHIL 105
or 371
Critical Reasoning
Philosophy of Social Sciences
3.0
Modern Language course (103) or Free elective4.0
Coordinate Field course3.0
Economics elective4.0
 Term Credits18.0
Term 8
Modern Languages (201 or Free elective)4.0
Diversity elective3.0
Economics elective4.0
Coordinate Field courses6.0
 Term Credits17.0
Term 9
Coordinate Field courses6.0
International elective3.0
Social Science elective3.0
Economics elective4.0
 Term Credits16.0
Term 10
ECON 322 [WI] Economics Seminar4.0
UNIV B101 [WI] The Drexel Experience1.0
Coordinate Field course3.0
Economics elective4.0
Free elective3.0
 Term Credits15.0
Term 11
Coordinate Field course3.0
Economics elective4.0
Free electives9.0
 Term Credits16.0
Term 12
Free electives12.0
 Term Credits12.0
Total Credit: 187.0

Co-op/Career Opportunities

The study of economics prepares students for a variety of fields: research economists in banks, government and universities; law; economic development for local government, banks and firms; business management and consulting; government and international agencies, such as the CIA, World Bank, IMF and USAID; and business and economic journalism.

Career Paths and Degree Combinations

Economics provides an excellent foundation for many career options and can also be combined with many other majors and minors in preparing students for great careers.

For example:

Banking and Finance

  • Economics and Finance
  • Economics and Business
  • Economics and Mathematics
  • Business Economics Concentration
  • Economics and Physics

Academia

  • Economics and Anthropology
  • Economics and Psychology
  • Economics and Mathematics
  • Economics and Philosophy

Economics Research in Industry

  • Economics and Mathematics
  • Mathematical Economics Concentration
  • Economics and Marketing
  • Economics and Finance

High Tech and IT Industries

  • Economics and Information Systems
  • Economics and Chemistry
  • Economics and Biology

Economics Research in Governments and International Organizations

  • Economics and Environmental Studies
  • Economics and Political Science
  • Economics and International Studies

Law School and Other Graduate School Options

  • Economics and Legal Studies
  • Economics and Philosophy
  • Economics and Political Science
  • Economics and International Studies

Opportunities

Recently, economics students have obtained positions at the following institutions:

  • Federal Reserve Bank, Board of Governors
  • Citibank
  • Vanguard Corporation
  • Deloitte Consulting
  • Black Rock Inc.
  • Tyco Electronics

Visit the Drexel Steinbright Career Development Center page for more detailed information on co-op and post-graduate opportunities.

Dual/Accelerated Degree

Dual Degree Bachelor’s Programs

With careful planning, students can complete two full degrees in the time usually required to complete one. The double major option works best in closely related areas. For detailed information the student should contact his or her advisor.

Degree Requirements

General Education Requirements
ANTH 101Introduction to Cultural Diversity3.0
COM 270 [WI] Business Communication (WI)3.0
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
ENGL 102Composition and Rhetoric II: The Craft of Persuasion3.0
ENGL 103Composition and Rhetoric III: Thematic Analysis Across Genres3.0
Select one of the following sequences:
Introduction to Analysis I
   and Introduction to Analysis II
Calculus I
   and Calculus II (recommended)
PSY 101General Psychology I3.0
SOC 101Introduction to Sociology3.0
UNIV 101The Drexel Experience2.0
Fine Arts Elective3.0
Three Laboratory Science Electives9.0-12.0
Two English Literature Electives: (ENGL 200 through ENGL 399)6.0
Two History Electives6.0
Two Philosophy Electives6.0
Select one of the following:3.0
Introduction to Computing
Computer Programming I
Professional Requirements
ECON 201Principles of Microeconomics4.0
ECON 202Principles of Macroeconomics4.0
ECON 250Game Theory and Applications4.0
ECON 301Microeconomics4.0
ECON 321Macroeconomics4.0
ECON 322 [WI] Economics Seminar4.0
ECON 330Managerial Economics *4.0
ECON 348Mathematical Economics **4.0
ECON 350 [WI] Applied Econometrics (WI)4.0
ECON 360Time Series Econometrics4.0
INTB 334International Trade4.0
INTB 336International Money and Finance4.0
Select one of the following sequences:8.0
Probability and Statistics I
   and Probability and Statistics II
Introduction to Business Statistics
   and Business Statistics II
Professional Electives
Select six of the following:20.0
Any other ECON courses numbered above 240
Any other INTB courses
Practice of Environmental Economics
Introduction to Finance ***
Financial Institutions and Markets ***
Urban Sociology
Classical Social Theory
Additional Requirements:
BS in Economics
Coordinate Field24.0
Additional courses as required to satisfy a coordinating field (a second major, minor, or one of the two available concentrations below).
Free Electives28.0
Total Credits184.0-187.0

*

Only required for students pursuing the BS in Economics/Business Economics Concentration

**

Only required for students pursuing the BS in Economics/Mathematical Economics Concentration

***

Required for the BS in Economics/Business Economics Concentration


Minor in Economics

The minor in economics provides a solid background in the application of economic theory to markets. Students complete standard courses in micro- and macroeconomics that emphasize core training in economic decision making. Students also choose a course that applies this training to areas such as international economics, firm and industry behavior, quantitative  economic analysis, and public policy. This type of analytical training provides a strong complement to many majors, including business fields, but would be especially useful for students interested in careers in public policy or law.  

Requirements

  • No more than 2 courses or 8.0 credits required by a student’s major may be counted towards this minor.
  • A grade of “C” (2.0) or better must be earned for each course in this minor for it to be counted.
  • No more than two transfer courses may be used to complete this minor. Transfer credits must be taken before matriculated at Drexel.
  • Students should check the pre-requisites of all classes when selecting electives. It is the responsibility of the student to know pre-requisites.
  • Business administration and business & engineering students may complete any of the business minors, including:  accounting, business, economics, entrepreneurship, finance, international economics, legal studies, management information systems, marketing, and operations & supply chain management.
  • Cannot do a major and a minor in the same field of study. 

All prospective students should meet with an advisor from the College as soon as possible. Call 215.895.2110 to set up an appointment.

 


Required Courses
ECON 201Principles of Microeconomics4.0
ECON 202Principles of Macroeconomics4.0
ECON 301Microeconomics4.0
ECON 321Macroeconomics4.0
ECON 322 [WI] Economics Seminar4.0
Select one of the following:4.0
Game Theory and Applications
Economic Ideas
Public Finance
Labor Economics
Industrial Organization
Economic Development
Mathematical Economics
Applied Econometrics
Resource and Environmental Economics
Multinational Corporations
International Trade
International Money and Finance
Regional Studies in Economic Policies and International Business
Total Credits24.0

Courses

ECON 201 Principles of Microeconomics 4.0 Credits

Examines allocation of resources within an economy. Major topics include interaction of supply and demand in markets, consumer choice, cost structure of firms, and profit maximization for competitive forms as well as firms with market power.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit

ECON 202 Principles of Macroeconomics 4.0 Credits

Examines measurement, growth, and fluctuation of aggregate economic activity. Includes national income accounting and explains determination of output, employment, and price level. Also provides an introduction to international economics, money and banking, and economic policy. Some or all pre-requisites may be taken as either a pre-requisite or co-requisite. Please see the department for more information.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Prerequisites: ECON 201 [Min Grade: D] (Can be taken Concurrently)

ECON 240 Economics of Health Care Systems 4.0 Credits

Examine the health care industry from an economic perspective, including demand, cost-benefit analysis, insurance, supply constraints, and the role of the government.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit

ECON 250 Game Theory and Applications 4.0 Credits

Introduces the basic ideas of game theory with a minimum of mathematics; and discuses application to economics, politics, business, behavioral science, philosophy, population biology and engineering.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: STAT 201 [Min Grade: C] or STAT 205 [Min Grade: C] or MATH 107 [Min Grade: C]

ECON 260 Economics of Small Business 4.0 Credits

Discusses economic topics relevant to the role and varieties of small businesses in industrialized economies, and to government policy with respect to small business.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Prerequisites: ECON 201 [Min Grade: C]

ECON 301 Microeconomics 4.0 Credits

Examines theory of the firm and theory of the consumer in a rigorous fashion. Also covers risk and uncertainty, price determination, market failures, and analysis of various government policies.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C] and (MATH 102 [Min Grade: C] or MATH 121 [Min Grade: C])

ECON 321 Macroeconomics 4.0 Credits

Provides an in-depth introduction to dominant theories behind short-run economic fluctuations and long-run economic growth. Employs both mathematical and graphical tools to discuss determination of output, employment, and price level in the aggregate economy. Also covers effectiveness of monetary and fiscal policies in dealing with unemployment and inflation.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C] and ECON 301 [Min Grade: C] and (MATH 102 [Min Grade: C] or MATH 121 [Min Grade: C])

ECON 322 [WI] Economics Seminar 4.0 Credits

Requires research and writing of a scholarly paper on a topic in economics approved by an appointed faculty adviser. This is a writing intensive course.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ECON 301 [Min Grade: C] and ECON 321 [Min Grade: C]

ECON 326 [WI] Economic Ideas 4.0 Credits

Covers the history of economic thought and development of different schools of thinking in economics. This is a writing intensive course.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C]

ECON 330 Managerial Economics 4.0 Credits

Covers applied economics relevant for decision-making processes. Emphasizes profit management, demand and cost analysis, pricing, and government policy.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C]

ECON 331 International Macroeconomics 4.0 Credits

This course covers fundamental issues in open economy macroeconomics. We will learn about how fiscal and monetary policy work when the economy is open to international trade in goods and services and to international capital flows. We will also study the effects of these policies on the current account and the exchange rate. The course treatment will be mainly theoretical. However, we will frequently refer to features of the international financial markets data, and we will use examples, case studies, readings, videos and policy applications to illustrate the findings of the theory and/or to try to bridge the gap between the predictions of theoretical models and real world developments.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C]

ECON 334 Public Finance 4.0 Credits

Applies economic principles and cost-benefit analysis to the operation of government, with emphasis on understanding why private markets fail to provide public goods. Explores the current American tax system from three points of view: how efficient it is, who really pays, and how it might be reformed.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C] and (MATH 102 [Min Grade: C] or MATH 121 [Min Grade: C])

ECON 336 Labor Economics 4.0 Credits

Develops an understanding of how labor institutions operate to determine wages and employment. Examines alternative policy questions involving unemployment and inflation, collective bargaining, investment in education and training, and other labor-related questions. Requires students to apply theoretical and empirical abilities to research a labor-related issue and improve the ability to think clearly and communicate effectively.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C]

ECON 338 Industrial Organization 4.0 Credits

Examines observational studies of industries with respect to competitive or non-competitive structure, conduct, and performance. Considers implications of profitability, technological innovation, antitrust policy, and competitiveness in trade. Reviews problems of measurement and sources of data.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C] and (MATH 102 [Min Grade: C] or MATH 121 [Min Grade: C])

ECON 342 Economic Development 4.0 Credits

Covers topics including driving forces of economic growth, economic planning, income distribution and poverty, labor migration, capital markets and saving, international debt problems and global economic crisis. Emphasizes underlying theories and realities of economic growth and development of less developed economies and emerging economies.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C]

ECON 344 Comparative Economic Systems 4.0 Credits

Covers theory and contemporary practices of capitalism, socialism, fascism, and the welfare state as economic systems.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C]

ECON 348 Mathematical Economics 4.0 Credits

Discusses the application of mathematics in economic models, with extensive discussion of economic applications of linear algebra and calculus. Considers implications of the assumptions of maximization of profits and utility. Stresses mathematical models and techniques useful in statistical applications of economics.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C] and (MATH 102 [Min Grade: C] or MATH 121 [Min Grade: C])

ECON 350 [WI] Applied Econometrics 4.0 Credits

Applies statistics to economics, with emphasis on the special problems of statistical analysis of economic data, sources of data, and examples of applications and models. Covers forecasting the impacts of changing economic policy and of developments in industrial markets using economic-statistical models. This is a writing intensive course.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C] and STAT 201 [Min Grade: C]

ECON 351 Resource and Environmental Economics 4.0 Credits

Examines the microeconomic and quantitative aspects of markets for both renewable and exhaustible resources, and the interaction between the energy and resource sectors of the economy and between the productive sectors of the economy and the natural environment, with evaluation of major public policy initiatives and issues in these areas.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C]

ECON 360 Time Series Econometrics 4.0 Credits

Introduce time-series econometric models and provide tools for empirical analysis using time-series economic and financial data, with specific emphasis on application and forecasting.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Prerequisites: ECON 201 [Min Grade: D] and ECON 202 [Min Grade: D] and ECON 350 [Min Grade: D]

ECON 498 Special Topics in Economics 0.5-12.0 Credits

This course covers topics of particular interest to students in economics.

College/Department: LeBow College of Business
Repeat Status: Can be repeated multiple times for credit
Prerequisites: ECON 201 [Min Grade: C] and ECON 202 [Min Grade: C]

ECON 499 Independent Study 0.5-5.0 Credits

College/Department: LeBow College of Business
Repeat Status: Can be repeated multiple times for credit

Economics and International Business Faculty

Marco Airaudo, PhD (University of Pennsylvania Philadelphia). Assistant Professor. Computational economics, international economics, macroeconomics and monetary economics.
Richard Barnett, PhD (University of Minnesota). Associate Clinical Professor. Economic theory, macroeconomics.
Sebastien Bradley, PhD (University of Michigan). Assistant Professor. Public finance, international economics.
Mian Dai, PhD (Northwestern University). Assistant Professor. Managerial economics and strategy.
Pia DiGirolamo, PhD (Purdue University). Assistant Clinical Professor. Macroeconomics, international finance.
Anne Duchene, PhD (Ecole Nationale des Ponts et Chaussees, France) Department of Economics and International Business. Assistant Professor. Microeconomics, industrial organization, law and economics.
Ramya Ghosh, PhD (Claremont Graduate University). Assistant Clinical Professor. International economics.
Shawkat M. Hammoudeh, PhD (University of Kansas) Department of Economics and International Business. Professor. Applied econometrics, financial economics, international economics, natural resource economics.
Teresa D. Harrison, PhD (University of Texas at Austin) Department of Economics and International Business. Associate Professor. Econometrics, public finance, industrial organization, empirical microeconomics including health and nonprofit organizations.
Paul E. Jensen, PhD (Penn State University) Associate Dean, College of Business. Associate Professor. International trade. Primary research interest is international trade, particularly in empirical studies of international trade patterns.
Bang Nam Jeon, PhD (Indiana University) Department of Economics and International Business. Professor. Financial economics, world financial market linkages, foreign direct investment flows in the Asia-Pacific economies, the Korean economy: currency crisis, FDI, and macroeconomic issues, regional economic integration and newly industrializing economies: the
Stephen Joyce, MA (Temple University) Department of Economics and International Business. Assistant Clinical Professor. Education and human capital.
Christopher A. Laincz, PhD (Duke University) Department of Economics and International Business. Associate Professor. Economic development, technological change, and growth, industrial organization, macroeconomics and monetary economics.
Bijou Yang Lester, PhD (University of Pennsylvania) Department of Economics and International Business. Professor. Behavioral characteristics of shopping on-line, economic issues of electronic commerce, contingent employment and part-time work, the economy and suicide.
Vibhas Madan, PhD (Michigan State University) Head of the Department of Economics and International Business. Professor. International trade theory, applied microeconomics.
Roger A. McCain, PhD (Louisiana State University) Department of Economics and International Business. Professor. Computational economics, game theory.
Irina Murtazashvili, PhD (Michigan state University). Assistant Professor. Applied econometrics.
Maria Olivero, PhD (Duke University) Department of Economics and International Business. Associate Professor. Macroeconomics, international finance.
Eydis Olsen, MA (American University) Department of Economics and International Business. Clinical Associate Professor. Macroeconomics, political economy.
Konstantinos Serfes, PhD (University of Illinois at Champaign-Urbana) Department of Economics and International Business. Associate Professor. Industrial organization; microeconomics.
Mark Stehr, PhD (University of California at Berkeley) Department of Economics and International Business. Associate Professor. Health Economics, public finance, public policy.
Constantinos Syropoulos, PhD (Yale University) Trustee Professor of International Economics, Department of Economics and International Business. Professor. International trade, political economy, applied microeconomics.
Matthew Weinberg, PhD (Princeton University). Assistant Professor. Antitrust and regulation, applied econometrics, industrial organization.
Yoto Yotov, PhD (Boston College). Associate Professor. International trade, applied microeconomics, political economy.

Interdepartmental Faculty

Bruce D. McCullough, PhD (University of Texas) Department of Decision Sciences. Professor. Applied econometrics; reliability of statistical and econometric software; business data mining.

Emeritus Faculty

Edward C. Koziara, PhD (University of Wisconsin) Department of Economics and International Business. Professor Emeritus. Applied micro and macro economics.
Andrew G. Verzilli, PhD (Boston College). Professor Emeritus. Teaching effectiveness in economics; economics and financial history.
Chiou-shuang Yan, PhD (Purdue University). Professor Emeritus. International economics, input-output analysis.
  • Schedule of Classes
  • All Course Descriptions
  • Co-op
  • Academic Advising
  • Admissions
  • Tuition & Fees
LEARN MORE