Economics Studies

Learning goals:

  • Demonstrate understanding of the concept of scarcity of resources and the opportunity cost associated with choices made
  • Demonstrate understanding of basic economic models of supply and demand, the role of prices in efficient allocation of resources, and how changes to supply and demand affect the market price and quantity of a particular good or service
  • Demonstrate understanding of how the national economy works, the role of government in the economy, and the reasons for macroeconomic policy proposals
  • Understand interactions in a global economy setting, the basis for exchange and the sources of comparative advantage that drive trade
  • Demonstrate understanding of international trade issues and the impact of appreciations and depreciations of exchange rates on different sectors of the economy
  • Understand economic data, and some basic analysis methods.

Degree Programs in Economics. Susquehanna University has two degree programs in economics. The Bachelor of Arts (B.A.) degree is a liberal arts degree earned in the university’s School of Arts and Sciences. Students pursuing a Bachelor of Arts in economics choose an emphasis in financial economics, general economics, or global economy and financial markets. The Bachelor of Science (B.S.) degree is also available. The Bachelor of Science option is described in the Sigmund Weis School of Business section.

Requirements for the Bachelor of Arts Degree—General Emphasis. Majors complete 32 semester hours in economics with a GPA of 2.0 or better. They also complete a required course in statistics and PRDV:100 Using Computers. The department recommends two courses in calculus for students planning graduate study in economics. Majors must earn grades of C- or better in all required courses except ECON:201 and ECON:202.

semester hours

4

ECON:201 Principles of Macroeconomics

4

ECON:202 Principles of Microeconomics

4

ECON:311 Intermediate Macroeconomics

4

ECON:313 Intermediate Microeconomic Theory, or ECON:315 Managerial Economics

4

ECON:499 Applied Research Methods

4

One statistics course (MGMT:202, MATH:108 or PSYC:123)

2

PRDV:100 Using Computers

12

12 hours of economics electives selected with faculty adviser guidance

Financial Economics Emphasis. The financial economics emphasis is designed to provide both a sound theoretical background in economics and a considerable exposure to finance, all in one package. This degree is especially suitable for students who want to a have a strong liberal arts education combined with several business courses without having to follow the structure of a business program. Students earning their degrees in financial economics will acquire proper skills and connections needed to enter and succeed in rewarding careers. In addition, this degree can facilitate the completion of a minor or a second major.

Requirements for the Bachelor of Arts Degree—Financial Economics Emphasis. Majors are required to complete 50 semester hours, with a GPA of 2.0 or better, as follows:

semester hours

4

ECON:201 Principles of Macroeconomics

4

ECON:202 Principles of Microeconomics

4

ECON:311 Intermediate Macroeconomics

4

ECON:313 Intermediate Microeconomic Theory or ECON:315 Managerial Economics

4

ECON:330 International Trade and Finance

4

ECON:331 Money, Banking and Financial Markets

4

MGMT:202 Business Statistics (or MATH:108 or PSYC:123)

4

ACCT:200 Financial Accounting

4

MGMT:340 Corporate Financial Management

4

MGMT:342 Investment Analysis

4

ECON:499 Applied Research Methods

2

PRDV:100 Using Computers

4

Four hours of electives, chosen with adviser’s guidance from one 300 level and above economics course or POLI:333 Development, Globalization and Society.

No grade less than C- will be accepted in all required courses except ECON:201 and ECON:202. The department recommends students pursuing the financial economics emphasis take MGMT:340 and MGMT:342 in the fall and spring of the junior year, respectively.

Global Economy and Financial Markets Emphasis. This emphasis prepares students for careers in the global economy of the 21st century. The study concentrates on the understanding of economic and policy issues arising from the interconnectedness of national economies. Extensive attention is paid to issues and opportunities associated with capital mobility in the financially liberalized environment of the future world economy. Special courses analyzing the unique nature of globalized financial markets and introducing students to contemporary financial instruments (derivatives) are organic parts of the emphasis.

Requirements for the Bachelor of Arts Degree—Global Economy and Financial Markets Emphasis. Majors complete 36 semester hours in economics with a GPA of 2.0 or better. They also complete a required course in statistics and PRDR:100 Using Computers. Majors must earn grades of C- or better in all required courses except ECON:201 and ECON:202.

semester hours

4

ECON:201 Principles of Macroeconomics

4

ECON:202 Principles of Microeconomics

4

ECON:311 Intermediate Macroeconomics

4

ECON:313 Intermediate Microeconomic Theory or ECON:315 Managerial Economics

4

ECON:331 Money, Banking and Financial Markets

4

ECON:465 Global Financial Markets

4

ECON:499 Applied Research Methods

4

One statistics course (MGMT:202, MATH:108 or PSYC:123)

8

Eight hours of electives selected from the following:

 

4

ECON:330 International Trade and Finance

 

4

ECON:335 Economic Development

 

4

ECON:338 International Political Economy

 

4

ECON:341 Economic Policy

 

4

ECON:442 Emerging Market Economics

 

4

POLI:333 Development, Globalization and Society

The department recommends students pursuing the global economy and financial markets emphasis take ECON:465 Global Financial Markets in the spring of either the junior or senior year. Emphasis electives should be taken in the fall of the sophomore, junior and senior years, respectively.

Minor in Economics. The economics minor completes ECON:201 and ECON:202 (or ECON:105 and another four-semester-hour economics course) and 12 additional semester hours in economics including either ECON:311 or ECON:313 (ECON:315 can substitute for ECON:313), or both, selected in consultation with the minor adviser. Except for ECON:201 and ECON:202 (or ECON:105), economics courses applied to other majors, minors or emphases may not be applied to the minor in economics. Students must complete courses applied to the minor with grades of C- or better.