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    Dr. Gary M. Quinlivan, Dean
    Alex G. McKenna School of Business, Economics and Government
    Phone: 724-537-4597

    gq@stvincent.edu 
     

Home > Majors and Programs > Economics
  • Alex G. McKenna School of Business, Economics, and Government 

    The Economics Program

    Distinctive features of McKenna School’s Economics Major

    1. Economics Major: Nationally ranked program, based on data up to 2004, in terms of the absolute number of undergraduates who go on to finish a PhD in Economics, SVC ranked 38th of all BA I and BA II Colleges and universities in the U.S. Since 1984, SVC has had 100 percent placement at highly ranked PhD programs. Presently, we have four students with full scholarships and $16,000-$18,000 stipends at U. of Pittsburgh, Ohio State U., U. of Virginia, and Indiana U. at Bloomington. In fall 2011, two of our economics graduates finished their PhDs at Princeton University and the University at Albany.
       
    2. A well designed joint mathematics and economics major for students intending to pursue PhDs in Economics or Finance. Some have also used the major to seek advanced degrees in public policy and statistics. Economics majors interested in immediate employment may choose a corporate finance oriented track by majoring in business economics or pursuing a finance minor or joint finance major. These students go directly into the job market and have been highly successful with respect to finance and consulting placements with BNY Mellon, Federated Investors, PNCbank, Edward Jones, Westinghouse, Genesis Health Square, S&T Bank, SAP consulting jobs (e.g., Third Wave Business Systems and Crossroads Partner), actuarial jobs, the Naval District, and Sun America Securities.
       
    3. The Economics major is supported by the McKenna School’s Center for Political and Economic Thought (CPET), which brings to campus numerous public policy and economic scholars from around the world. CPET has four major programs, one of which is the Alex G. Economic Education Series which, since 1986, has featured 98 renowned economists from the top graduate universities in the U.S. and Canada, government and major think tanks. To date, we have had seven Nobel Laureates in economics lecture as part of this series.
       
    4. An outstanding faculty with PhDs from Princeton University (computational finance and private equity management), Indiana University of Bloomington (game theory and experimental economics, PhD student of Nobel Prize winner Dr. Elinor Ostrum), Johns Hopkins (healthcare economics), University at Albany (international trade, international finance, and monetary theory), and the University of Pittsburgh (statistics and econometrics).
       
    5. Student may join our nationally ranked mock trial team, SVC Law Society, or the Omicron Delta Epsilon, the national Greek honor society for economics majors.
       

    The major in Economics is designed to provide a comprehensive education in both theoretical and applied economics. The Economics program seeks:

    • to provide a strong academic foundation for understanding the complexities of economic activity and decision making within both the private and public sectors and for understanding the relationship between the economy and society as a whole;
    • to enable students to apply rigorous analysis to economic issues and problems through the use of market-oriented theoretical models, quantitative techniques, and economic reasoning.

    The McKenna School also offers a major in Business Economics, a joint Economics and Mathematics major, and a minor in economics.

    Economics Major Requirements -- B.A. (43 credits)
    BA 350 Statistics I (sophomore year) - 3 credits
    EC 101* Principles of Microeconomics (freshman year) - 3 credits
    EC 102* Principles of Macroeconomics (freshman year) - 3 credits
    EC 201 Microeconomic Theory (sophomore year) - 3 credits
    EC 202 Macroeconomic Theory (sophomore year) - 3 credits
    EC 225 Money and Banking - 3 credits
    EC 351 International Trade and Development - 3 credits
    EC/BA 353 International Finance - 3 credits
    EC 360 Econometrics (sophomore year) - 3 credits
    EC 380 Game Theory - 3 credits
    EC 390 Experimental Economics - 3 credits
    EC 480 Senior Thesis - 3 credits
    MA 109/111* Calculus I - 4 credits
    PS 100* Principles of American Politics - 3 credits

    College Core (48 credits)
    TH 119 First Theology (freshman year) - 3 credits
    Theology (200 Level) - 3 credits
    Theology (300 Level) - 3 credits
    History (100 Level) - 3 credits
    History (200 Level) - 3 credits
    PL 101 1st Philosophy - 3 credits
    Philosophy Elective (PL 215 Ethics suggested) - 3 credits
    Natural Science 100 Level with lab - 4 credits
    Natural Science 200 Level with lab - 4 credits
    EL 102 Language and Rhetoric (freshman year) - 3 credits
    English Elective (Literature Course) - 3 credits
    English Elective - 3 credits
    Fine Arts (100 Level) - 3 credits
    Foreign Language Intermediate Level - 3 credits
    Foreign Language Intermediate Level - 3 credits
    First-Year Seminar (additional hour) - 1 credit
    Electives (33 credits)
    *Satisfies the Core Curriculum requirement for Social Sciences and Mathematics.

    Economics Major Requirements -- B.S. (53 Credits)
    BA 350 Statistics I or MA 208 Probability and Statistics - 3 credits
    EC 101* Principles of Microeconomics (freshman year) - 3 credits
    EC 102* Principles of Macroeconomics (freshman year) - 3 credits
    EC 201 Microeconomic Theory (sophomore year) - 3 credits
    EC 202 Macroeconomic Theory (sophomore year) - 3 credits
    EC 225 Money and Banking - 3 credits
    EC 351 International Trade and Development - 3 credits
    EC/BA 353 International Finance - 3 credits
    EC 360 Econometrics - 3 credits
    EC 380 Game Theory - 3 credits
    EC 390 Experimental Economics - 3 credits
    EC 401 Advanced Microeconomic Theory - 3 credits
    EC 402 Advanced Macroeconomic Theory - 3 credits
    EC 480 Senior Thesis - 3 credits
    MA 109/111* Calculus I - 4 credits
    MA 110/112 Calculus II - 4 credits
    PS 100* Principles of American Politics - 3 credits

    College Core (48 credits)
    TH 119 First Theology (freshman year) - 3 credits
    Theology (200 Level) - 3 credits
    Theology (300 Level) - 3 credits
    History (100 Level) - 3 credits
    History (200 Level) - 3 credits
    PL 101 1st Philosophy - 3 credits
    Philosophy Elective (PL 215 Ethics suggested) - 3 credits
    Natural Science 100 Level with lab - 4 credits
    Natural Science 200 Level with lab - 4 credits
    EL 102 Language and Rhetoric (freshman year) - 3 credits
    English Elective (Literature Course) - 3 credits
    English Elective - 3 credits
    Fine Arts (100 Level) - 3 credits
    Foreign Language Intermediate Level - 3 credits
    Foreign Language Intermediate Level - 3 credits
    First-Year Seminar (additional hour) - 1 credit

    Electives (23 credits)
    Candidates for the B.S. degree who plan to pursue graduate work in economics, finance, or related disciplines are strongly encouraged to complete, at minimum, Calculus III, Differential Equations, and Linear Algebra. Consult with a member of the departmental faculty for further assistance in planning course work.

    Business Economics Major -- B.S. (70 Credits)

    Business Core (43 credits)
    BA 100* Financial Accounting I (freshman year) - 3 credits
    BA 104* Introduction to Management (freshman year) - 3 credits
    BA 220 Principles of Marketing (sophomore year) - 3 credits
    BA 265 Management Information Systems (sophomore year) - 3 credits
    BA 305 Business Ethics (junior year preferred) - 3 credits
    BA 320 Corporate Finance I (sophomore year) - 3 credits
    BA 340 Business Law (junior year) - 3 credits
    BA 350 Statistics I (sophomore year) - 3 credits
    BA 351 Statistics II (sophomore year) - 3 credits
    BA 495 Business Policy and Strategy (senior year) - 3 credits
    EC 101 Principles of Microeconomics (freshman year) - 3 credits
    EC 102 Principles of Macroeconomics (freshman year) - 3 credits
    PS 100* Principles of American Politics - 3 credits
    MA 109/111* Calculus I (freshman year) - 4 credits

    Economics Major requirements (27 credits)
    BA 101 Financial Accounting II (freshman year) - 3 credits
    BA 321 Corporate Finance II (sophomore year) - 3 credits
    EC 201 Microeconomic Theory (sophomore year) - 3 credits
    EC 202 Macroeconomic Theory (sophomore year) - 3 credits
    EC 225 Money and Banking - 3 credits
    EC 351 International Trade and Development - 3 credits
    EC/BA 353 International Finance - 3 credits
    EC 360 Econometrics (sophomore year) - 3 credits
    EC 380 Game Theory - 3 credits

    College Core (48 credits)
    TH 119 First Theology (freshman year) - 3 credits
    Theology (200 Level) - 3 credits
    Theology (300 Level) - 3 credits
    History (100 Level) - 3 credits
    History (200 Level) - 3 credits
    PL 101 1st Philosophy - 3 credits
    Philosophy Elective (PL 215 Ethics suggested) - 3 credits
    Natural Science 100 Level with lab - 4 credits
    Natural Science 200 Level with lab - 4 credits
    EL 102 Language and Rhetoric (freshman year) - 3 credits
    English Elective (Literature Course) - 3 credits
    English Elective - 3 credits
    Fine Arts (100 Level) - 3 credits
    Foreign Language Intermediate Level - 3 credits
    Foreign Language Intermediate Level - 3 credits
    First-Year Seminar (additional hour) - 1 credit
    Electives (6 credits)
    * EC 353 International Finance cannot be used to satisfy a Finance minor. Students are strongly urged to take MA 110/112 Calculus II.

    Requirements for the Minor in Economics (18 credits):
    EC 101 Principles of Microeconomics - 3 credits
    EC 102 Principles of Macroeconomics - 3 credits
    EC 201 Microeconomic Theory - 3 credits
    EC 202 Macroeconomic Theory - 3 credits
    BA 350 Business Statistics I - 3 credits
    Plus one elective (3 credits) from the following offerings:
    EC 225 Money and Banking - 3 credits
    EC 351 International Trade and Development - 3 credits
    EC 353 International Finance - 3 credits
    EC 360 Econometrics - 3 credits
    EC 380 Game Theory - 3 credits
    EC 390 Experimental Economics - 3 credits
    EC 401 Advanced Microeconomic Theory - 3 credits
    EC 402 Advanced Macroeconomic Theory - 3 credits

    Double major in Economics and Mathematics
    For those students who will pursue upon graduation an advanced degree (masters or Ph.D. level) in finance or economics.

    Economics Requirements (50 credits)
    BA 350 Statistics I or 208 Probability and Statistics - 3 credits
    EC 101* Principles of Microeconomics - 3 credits
    EC 102* Principles of Macroeconomics - 3 credits
    EC 201 Microeconomic Theory - 3 credits
    EC 202 Macroeconomic Theory - 3 credits
    EC 225 Money and Banking - 3 credits
    EC 351 International Trade and Development - 3 credits
    EC 360 Econometrics - 3 credits
    EC 380 Game Theory - 3 credits
    EC 390 Experimental Economics - 3 credits
    EC 401 Advanced Microeconomic Theory - 3 credits
    EC 402 Advanced Macroeconomic Theory - 3 credits
    EC 480 Senior Thesis - 3 credits
    MA 111* Calculus I - 4 credits
    MA 112 Calculus II - 4 credits
    PS 100* Principles of American Politics - 3 credits

    Mathematics Requirements (29 credits)
    MA 113 Calculus III - 4 credits
    MA 114 Ordinary & Partial Differential Equations - 4 credits
    MA 115 Linear Algebra - 3 credits
    MA 203 Complex Variables - 3 credits
    MA 204 Topology - 3 credits
    MA 206 Real Analysis I - 4 credits
    PH 111* General Physics I - 3 credits
    PH 112* General Physics I Lab - 1 credit
    PH 113* General Physics II - 3 credits
    PH 114* General Physics II Lab - 1 credit

    College Core
    (40 credits)
    TH 119 First Theology (freshman year) - 3 credits
    Theology (200 Level) - 3 credits
    Theology (300 Level) - 3 credits
    History (100 Level) - 3 credits
    History (200 Level) - 3 credits
    PL 101 1st Philosophy - 3 credits
    Philosophy Elective - 3 credits
    EL 102 Language and Rhetoric (freshman year) - 3 credits
    English Elective (Literature Course) - 3 credits
    English Elective - 3 credits
    Fine Arts (100 Level) - 3 credits
    Foreign Language Intermediate Level - 3 credits
    Foreign Language Intermediate Level - 3 credits
    First-Year Seminar (additional hour) - 1 credit
    Electives (5 credits)

     * Satisfies Core Curriculum Requirements for Social Sciences, Mathematics, and Natural Sciences.
    ** A programming course, EC 353 International Finance, and MA 207 Real Analysis II are strongly suggested.