Economics

The Economics major provides a critical examination of how the economic system works in the United States and throughout the world. The introductory courses are surveys of economic problems, policies, and theory; and the required courses in micro theory and macro theory give a deeper analytical foundation. Electives permit further study in a wide range of fields, including money and banking, international trade and finance, public sector economics, economic development, capital markets, inequality, industrial organization, environmental economics, and computational investing.

Beginning with the class of 2025, Economics will no longer be an area of concentration for students from the Carroll School of Management (CSOM). The Morrissey College of Arts and Sciences (MCAS) Economics major is, however, a possibility for CSOM students, as is the MCAS Economics minor.

For the classes of 2022–2024, CSOM does offer the Economics concentration.  The concentration consists of six courses:

  • Principles of Economics (ECON1101)
  • Microeconomic Theory (ECON2201 or ECON2203)
  • Macroeconomic Theory (ECON2202 or ECON2204)
  • Business Statistics (BZAN1135)
  • And two electives, at least one of which must be an upper level (3000) course
  • At least one of the Theory courses must be completed by the end of junior year. Exceptions to this requirement may be granted at the discretion of the Director of Undergraduate Studies in Economics.
  • There is a one-semester calculus prerequisite to be completed before taking either Intermediate Theory course: MATH1102 (preferred), MATH1100, or Advanced Placement. Students considering graduate work in economics or related disciplines should take additional mathematics courses.

Students with a serious interest in economics are urged to complete the 11-course MCAS major in Economics. Finally, all CSOM students, regardless of their area of concentration, are required to take Principles of Economics (ECON1101) and Business Statistics (BZAN1135).  Specifically, if students take BZAN1135 in lieu of ECON1151 (Economic Statistics), students are encouraged to take a 1-credit class, Statistical Computing: Programming Stats (ECON1158) before/while also completing Econometric Methods (ECON2228).

The MCAS major in Economics provides a general background that is useful to those planning careers in law, government service, or business, as well as those planning careers as professional economists. Professional economists work as college teachers, as researchers for government agencies, for businesses and consulting firms, and as administrators and managers in a wide range of fields.

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