The Economics and Business Administration Department offers programs that provide a broad background for students who are preparing for careers in business or international business, accounting, graduate study in Economics, Business or Law, or for general civil service in state, local, national or international agencies. Students receive individual attention to receive the best undergraduate education. Two of our six full-time professors are recipients of Distinguished Teacher awards; another is the Maryland Accounting Teacher of the Year Award, as selected by her state professional organization.
Lewis Recitation Hall
Dr. Ethan A. Seidel
Economics Online Catalog
Business Administration Online Catalog
Majors & Courses
Faculty office doors are open to our students, and our courses are rigorous and challenging. Students who major in this program, in addition to acquiring a broad liberal 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.
McDaniel College’s Economics graduates are admitted to fine graduate schools in economics, business administration, and law. Others go directly to jobs in businesses such as banking, insurance, and manufacturing, while others secure positions in federal departments such as Labor, Commerce, FDIC, IRS, State, NSA, and Federal Reserve Board. A student may also prepare to teach social studies in public secondary schools.
“During my freshman year, I took Principles of Accounting which fulfilled both the First Year Seminar requirement as well as one of my major requirements. I was able to become accustomed to both the college and business worlds. There are many different major and non-major courses I have taken for my degree, so that I can be exposed to a diverse world. I am very excited to be taking a college Entrepreneurship course this semester where I can gain even more knowledge on what it takes to start a business.”
The dual or double major of Economics and Business Administration combines the advantages of both theoretical and applied disciplines.
Other educational options include Economics with dual majors in a Foreign Language, Mathematics, Political Science, Pre-Legal; or minor in Education to earn certification in Secondary education.
Minors & Focus Areas
Students majoring in Economics as a pre-law course of study are urged to include electives from one or more of the following fields: Business Administration, English, History, Political Science and International Studies.
Professor and Department Chair Ethan Seidel
(Ph.D., Johns Hopkins University), has served as an administrator and professor at McDaniel since 1969 and was honored as the inaugural recipient of the McDaniel Medallion in 2014. He was selected in 1981 and 1991 for the college’s Distinguished Teaching Award. The Ethan A. Seidel Chair in Economics and Business Administration was established in 2009 in his honor by board chair Martin K.P. Hill and his wife, Kelly W. Hill.
(M.S., Johns Hopkins University), is a specialist in marketing strategy and product development. He leverages his executive background to offer experiential courses in marketing, management, entrepreneurship, and consumer behavior. His passion for marketing and innovation was shaped by his early work with Dr. Philip Kotler, Distinguished Professor of International Marketing at the Northwestern University Kellogg Graduate School of Management.
(Ph.D., George Washington University), focuses his teaching and interest on Industrial Organization, Managerial Economics and Environmental Economics. Most recently he has introduced a Senior Seminar in Economics. Recent research shows the effect in higher education of a four-day class week on retention and graduation rates. Website
(M.S., University of Baltimore), most recently worked as a tax consultant and department manager with UHY Advisors while teaching accounting and personal finance at Carroll Community College. Duvall, who has also worked with KPMG’s audit department, is situated to help students make professional connections in the accounting and business industries. She earned her M.S. in Taxation from the University of Baltimore and her B.S. in Accounting from Villanova University. She also runs the Volunteer Income Tax Assistance Program for the campus and community as well as Interview Day for the Business Administration and Economics Department.
Assistant Professor Nick Kahn
(Ph.D., American University), has experience teaching a wide range of economics courses, including micro and macroeconomic theory, applied econometrics, and cost-benefit analysis. His teaching interests also include labor economics and the history of economic thought. His current research focuses on providing econometric analyses of various aspects of child welfare systems in the United States.
(M.P.A., M.B.A., Loyola College), is a certified public accountant (C.P.A.) who teaches courses in his areas of expertise, Business Ethics and Corporate Finance. He also works with students to help them land internship opportunities with such corporate powerhouses as Morgan Stanley Smith Barney, Bond Beebe, The Baltimore Ravens, T. Rowe Price, Baltimore Orioles, Merrill Lynch, Booz, Allen, & Hamilton, Enterprise Rent-A-Car and Legg Mason.
(Ph.D., University of Virginia), teaches courses in macroeconomics, international economics, economic history, and statistics. His primary research areas of interest include business cycles, monetary policy, Bitcoin, and economic development in Eastern Europe. Professor McIntyre is the recipient of a 2015 ASIANetwork Freeman Foundation grant to conduct research with students in China and has been visiting faculty at McDaniel Europe in Budapest and Universite Saint-Louis, Brussels.
Visiting Assistant Professor Amy Ramnarine
(Ph.D., Florida International University), teaches courses in Economic Development, Economic Issues and Policy, and Statistics. Primary research areas include Econometrics, Health Economics, and Public Policy. Recent research includes “The Effect of Child Marriage on Children’s Health Outcomes: Evidence from Bangladesh”.
(Ph.D., American University), is a certified public accountant (C.P.A.) who teaches Corporate Finance, Advanced Accounting, and Cost Accounting. Additionally, she works with the Encompass Program as the Curriculum Coordinator.
Our graduates distinguish themselves by being accepted into some of the finest graduate schools in business, economics and law:
- Johns Hopkins
- Wake Forest
With MBA, CPA, or PhD in hand, they join those who choose to enter the work force directly; all are well received and thrive today in many businesses and various government agencies:
- Allegis Group
- Bank of America
- Berkshire Hathaway
- Bond Beebe, CPAs
- Bureau of Labor Statistics
- Deloitte and Touche
- Department of Energy
- Envir. Protection Agency
- Erickson Retirement Communities
- Grant Thornton
- Gross Mendelsohn, CPAs
- Mercy Hospital
- National Security Agency
- Northrup Grumman
- Ripken Baseball
- RSM McGladrey, Inc.
- Smith Barney/Citigroup
- T. Rowe Price
- The Financial Accounting Standards Board (FASB)
For students who are seeking applied areas of study, we have courses in entrepreneurship and management, and offer expanded accounting and finance options, as well as an internship program where we place interns in businesses in local community and with Baltimore, MD and Washington D.C. firms.
Recent internship sponsors include:
- Allegis Corporation
- Baltimore Orioles
- Baltimore Ravens
- BB&T Bank
- Bond Beebe
- Booz, Allen, & Hamilton
- Enterprise Holdings
- Knorr Brake
- Legg Mason
- Merrill Lynch
- MGH Advertising
- Smith Barney
- T.Rowe Price
A sample of recent student-faculty research collaboration includes:
|Dr. Kevin McIntyre
||Reconciling the Efficient Markets Paradox: Pitting Speculative Savvy Against Market Efficiency
||Dr. Richard Claycombe
||Large Market Teams Dominate Major League Baseball: Fact or Fantasy
||Dr. John Olsh
||Reservation Restoration: An Overview of the Economic Situation on American Indian Reservations
Omicron Delta Epsilon Honor Society
McDaniel has a chapter (the Beta chapter in MD was established in 1968) of Omicron Delta Epsilon, the national honor society in Economics to promote scholarship in Economics and to recognize good performance in the study of Economics. Students are chosen in their junior year.