Economics

Money talks. But… what, exactly, is it saying? Economics is the study of the language money speaks. And the movement of money across the world—how it flows between people, corporations, governments and back again—tells quite a story indeed.

Mortarboard

Degree Types

Major , Minor

Institution

Complementary Programs

Business Administration

Accounting

Heart

Distinctive Requirements

Capstone

Document

Professional Preparation

Internships & Work Experience

And whether you want to succeed in business, or start a charity, or change the world by running for office, it’s a story you need to know.

Students who major in this program, in addition to acquiring a broad well-rounded education, prepare for careers in business and finance; for careers in government, such as economic analysis, administration, and foreign service; and, by completing graduate study in a university, for professional careers in law, business, and economics.

Future Opportunities

Our graduates distinguish themselves by being accepted into some of the finest graduate schools in business, economics, and law, including:

Columbia
Dartmouth
Duke
Harvard
Johns Hopkins
Vanderbilt

Where our graduates are now

Allegis Group
Bank of America
Berkshire Hathaway
Deloitte and Touche
Department of Energy
Smith Barney/Citigroup
T. Rowe Price

Graduate School Partnerships

McDaniel undergraduate students who decide to pursue these new degree options would apply in their junior year and would complete two graduate courses during their senior year.

Johns Hopkins Carey Business School 4+1 Program Provides Option to earn Joint Degree

Through a collaboration with Johns Hopkins Carey Business School, McDaniel students have the opportunity to earn a combined bachelor’s and master’s degree from both institutions.

Photo courtesy of Johns Hopkins Carey Business School.

Duquesne’s Palumbo-Donahue School of Business Preferred Admission to Four Master’s Degree Programs

McDaniel College and Duquesne University have formed a new partnership that gives McDaniel undergraduate students in the Economics and Business Administration department, as well as eligible alumni, preferred admission to four master’s degree programs at Duquesne’s Palumbo-Donahue School of Business.

Photo courtesy of Duquesne University Palumbo-Donahue School of Business.

Distinctive Courses

The material covered in this course directly follows from that covered in Introduction to Statistics (STA 2215). The primary focus is on linear regression analysis. In short, regression analysis is a powerful statistical tool that can be used to detect and estimate relationships between variables in a data set. Statistical analysis in general, and regression analysis in particular, are core components of data analytics. This course emphasizes the application of learned techniques. A significant portion of the course is dedicated to using statistical software and real data sets to gain hands on experience conducting regression analysis.

The principles of international trade and finance: study of classic trade theories, trade policy, exchange rate markets, balance of payments, trade and growth/development, open economy business cycles, international organizations, and exchange rate policy.

ECO 3305 - American Economic History

This course is an interdisciplinary one which will use economic methods to analyze and interpret various episodes in U.S. History. Topics to be covered will include: colonial and antebellum money and banking; productivity growth and the secular change to manufacturing economy; slavery; the Civil War; growth of railroads; the gold standard; and the Great Depression.

The study of the financial sector and its importance: market structure and financial instruments, asset pricing and interest rate determination, the operations and behavior of banks and other financial institutions, money-creation and central banking, and the interrelationship between money and financial markets and the macro economy.

Program Requirements

Economics Major Economics – Mathematics Dual Major Economics Minor

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Department Faculty

Learn more about the faculty and staff behind this program.

See Economics & Business Administration faculty

The McDaniel Commitment in Action

The McDaniel Commitment—a series of opportunities guaranteed to all students—provides enhanced mentoring and coaching, and ensures every undergraduate student completes at least two meaningful experiential learning opportunities.

McDaniel’s women’s basketball team in France.

Study Abroad

An employer talks to students at a job and internship fair.

Internships

Student presenting for Innovation Challenge.

Research

Experiential Learning Senior Capstone Business, Accounting, Economics

Carly Weetman, Business and Economics major, and Andrew Roberts, Economics and Accounting major, talk about their senior capstone — their study on how the move from a Communist economy to a more privatized one affected the Tiehua artwork industry in China, as the culmination of their training at McDaniel.

Valerie Lamb ’18 at her summer internship at the U.S. Mint.

Real World Experience U.S. Mint internship is priceless experience

Before Valerie Lamb ’18 reported to work for her summer internship, she knew little about the U.S. Mint or its Heritage Assets Program. The Miami native had never lived in Washington, D.C., nor learned to navigate its metro system. She was uncertain if she would like the work and nervous about managing life in the city. But Lamb, a Political Science & International Studies major with an Acting minor, recognized the valuable opportunity and seized it.

Read "U.S. Mint internship is priceless experience"

Business Administration Accounting Actuarial Science Marketing Data Analytics, M.S. (100% Online or Hybrid Low Residency)