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Students presenting for Innovation Challenge.


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.

Degree Types
Major , Minor
Complementary Programs
Distinctive Requirements
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.

Investment Strategy Institute-2

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

ECO 3303 - Microeconomic Theory

The theory of demand, production, cost, and resource allocation in a market economy. Models of market structure are developed and various forms of market failure are analyzed. Also developed are models of risk and uncertainty and theories of factor pricing and income distribution.

ECO 3304 - International Economics

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 4310 - Money and Financial Markets

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.

ECO 4405 - The History of Economic Thought

The development of economic theory from ancient times to the present. Contributions of Greece, Rome, and the Middle Ages; major emphasis on mercantilism and nineteenth- and twentieth-century economic analysis.

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.

Experiential Learning Senior Capstone Business, Accounting, Economics

Business and Economics major, Carly Weetman, and Economics and Accounting major, Andrew Roberts 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.

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.