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Students presenting for Innovation Challenge.

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
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 Career Paths

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

Our graduates have gone on to work at places like:

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

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.

Senior Capstone

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.

Special Opportunities

McDaniel student Rachael Fox, an Environmental Studies major, and her Fox Boots earned the top prize at the fourth Innovation Challenge finals.

Economics – Business Administration Dual Major

You can choose to complete a dual major with Business Administration, which will give you an understanding of the domestic and international economic environment in which firms operate, as well as applied skills in areas such as accounting, management, marketing, finance, and entrepreneurship.

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.

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.