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 School of Arts and Sciences. For more information, see the economics B.A. requirements section. The Bachelor of Science (B.S.) degree is a more technical degree and is earned in the Sigmund Weis School of Business. It integrates extensive business administration coursework into the study of economics.

Requirements for the Bachelor of Science Degree with a Major in Economics. Candidates for the Bachelor of Science with a major in economics successfully complete the university Central Curriculum, the business foundation courses (aside from MGMT:400 Business Policy and Strategy), MGMT:390 Operations Management, and at least 20 semester hours of economics at the 300 level or above as follows:

4

ECON:311 Intermediate Macroeconomics

4

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

4

ECON:499 Applied Research Methods

8

Two economics courses at the 300 level or above

No grade less than C- will be accepted to satisfy major course requirements.

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 be a 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.