The Economics Program

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. Students will be able to apply rigorous analysis to economic issues and problems through the use of market-oriented theoretical models, quantitative techniques and economic reasoning.

What Can I Do With a Degree in Economics?

McKenna economic majors pursue jobs in banking and finance, insurance, consulting and research, to name a few. Others go on to earn graduate and/or law school degrees. Our graduates are known for their quantitative skills and regularly place into the top 20 U.S. Ph.D. economics programs.

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Distinctive features of the McKenna School’s Economics Degree
  • 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 three students with full scholarships and $13,000-$26,000 stipends at U. of Albany, Duke University and Georgetown University. Since 2011, four of our economics graduates finished their PhDs at Princeton University, University at Albany, Ohio State University and the University of Virginia.
  • 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.
  • 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 over 100 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.
  • 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), George Mason (statistics, econometrics and experimental), University at Albany (international trade, international finance and monetary theory) and Purdue University (econometrics, microeconomics, labor theory and industrial organization).
  • Students may join our nationally ranked mock trial team or SVC Law Society. 
Curriculumeconomics-curriculum
Economics Major Requirements

All economics majors (Economics B.A., Economics B.S. and Business Economics B.S.) must take the College Core Curriculum.

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

 Economics Major Requirements - B.A. (44 credits)
BA 350 Statistics I (sophomore year) - 3 credits
BA 350A Excel Lab - 1 credit
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 302 Labor Theory - 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

* 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 302 Labor Theory - 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

* Satisfies the core curriculum requirement for social sciences and mathematics. 

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 Requirements - B.S. (70 credits)  

Business Core (43 credits)
BA 100* Financial Accounting I (freshman year) - 3 credits
BA 170* Organizational Behavior (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 302 Labor Theory - 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 

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.

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)

Economics Requirements (50 credits)
BA 350 Statistics I or
     MA 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 302 Labor Theory - 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 113* General Physics I Lab - 1 credit
PH 112* General Physics II - 3 credits
PH 114* General Physics II Lab - 1 credit

* 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. 

Requirements for a 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 302 Labor Theory - 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

 

Student Work and Researcheconomics-student-work
Student Work and Research in Economics


“Granger-Causality Testing Within the Eurozone: Policy Analysis of the Efficacy of the European Central Bank’s Policy Tools.”
Alexander Billy
– Top 4 finish (#1 U.S.) in the 11th Annual Best Undergraduate paper competition sponsored by the International Atlantic Economic Society

“Loss Aversion in the Volunteer’s Dilemma”
Marla Turk, Sam Homan, and Samantha Case

“Effects of Lead Donor Framing on Contribution Behaviors in a Threshold Public Goods Fame”
Julia Hlavacik, Ronald Monack, Jonathan Wetzel

“Opportunity Cost of Time Considerations in a Provision Point VCM: Experimental Evidence”
Joshua Gongaware, Ryan Rozanski, Joe Stopansky

“Gender Discrimination in Online Auctions of Gift Cards”
Mike Belitsky and Alexander Billy

“Impace of the Inclusion of Small Monetary Payouts on Labor Market Reciprocity”
Joseph Yusko and Eric Houghton
 

Accreditationseconomics-accreditations
Accreditations and Affiliations
  • Majors may join Omicron Delta Epsilon, the National Honor Society of Economics.
  • The McKenna School’s business economics major is new major and will apply for accreditation from the Accreditation Council for Business Schools and Programs. 
Internships and Careers in Economics
  • Ph.D placements:
    Boston College Johns Hopkins University
    Brandeis University Princeton University
    Clemson University The Ohio State University
    Duke University University at Albany
    George Mason University University of Pittsburgh
    Georgetown University University of Virginia
    Indiana University at Bloomington University of Washington in St. Louis
  • Professional Schools:
    Carnegie Mellon University Heinz School M.S. The Pennsylvania State University
    George Mason University Law School MES Yale University
    M.A. University of Maryland University of Pittsburgh GISPIA
    M.B.A. Boston University University of Pittsburgh Law School
    M.B.A. University of Maryland Washington University Law School
    M.B.A. University of Pittsburgh William & Mary Law School 
    M.P.A. University of Wisconsin at Madison Georgetown University Law School
  • Outstanding job placements:
    Ameriprise SEI
    BYN Mellon SOPRIM (Djibouti) 
    Citigroup Sun America Securities
    Crossroads Partner (SAP B1) Third Wave Business Systems (SAP B1)
    Dominion Resources U.S. Office of Controller of Currency
    Federated Investors U.S.D.A. Program Technician
    Kennametal Inc. Washington Post Economics Editor 
    Naval District Management Analyst WSJ Editor (Italy) 
    PNC Bank Executive Training Program   
  • Job positions include:
    Account Specialist Credit Analyst
    Actuary Data Analyst
    Advanced Manufacturing Engineer Financial Analyst
    Assistant National Bank Examiner Market Research Analyst 
    Associate Field Engineer Public Policy Research Analyst 
    Business Analyst Securities Settlement Processor
    Collateral Analyst for Derivatives Team
  • Learning Objectives
    • Provide a comprehensive education in both theoretical and applied economics;
    • Provide a strong academic foundation for understanding the complexities of economic activity and decision making within both private and public sectors and for understanding the relationship between the economy and society as a whole;
    • Enable students to apply rigorous analysis to economic issues and problems through the use of market-oriented theoretical models, quantitative techniques and economic reasoning.