Economics Major

Part of the Economics and Business department.

WHY CHOOSE AN ECONOMICS MAJOR?
  • It’s an excellent choice for students desiring any kind of business, finance, not-for-profit, or government career.
  • It prepares students for graduate studies in business, law, public policy, international affairs and, of course, economics.
  • Economic principles are widely applicable in vocation and life situations, and help people understand all kinds of economic and financial issues. For Christians, they are essential for thinking about resource stewardship personally, nationally, and globally.
WHAT DO ECONOMICS MAJORS STUDY?

Coursework focuses on understanding the forces and policies that shape economic and business decision-making of all kinds, from the personal to the global. The major’s focus on understanding the fundamental forces that shape markets and economic behavior is what makes it valuable for many future business leaders. At Gordon, the major stresses

  • Developing and using economic theory to understand macro and micro policy questions such as economic growth, unemployment, inflation, international trade, taxes, and government finance.
  • The link between fundamental economic principles and personal, national, and international economic outcomes.
  • Thinking about economics in light of God’s call for Christians to be good stewards of the earth and of their talents, and to serve others in His name.

Economics majors often do internships in junior or senior year. Internships help clarify career aims and help focus subsequent course selections—and some even lead to job offers.

WHAT ARE THE REQUIREMENTS FOR AN ECONOMICS MAJOR?

It takes 36 credits in the ECB Department to complete an economics major. The major and Gordon’s core curriculum fit easily into a 4-year undergraduate program.

Required foundations courses
ECB101 Principles of Microeconomics
ECB102 Principles of Macroeconomics
ECB211 Statistics in Business and Economics
ECB311 Intermediate Microeconomics
One of the following courses or equivalent validation:
  MAT134 Survey of Calculus
  MAT141 Calculus I

Economics core
ECB324 Intermediate Macroeconomics
ECB341 Christian Teaching on the Economy
ECB491 Senior Seminar: Economic Policy

An additional 12 credits of coursework from the approved list below:

ECB305 Economic Development
ECB307 Environmental Economics
ECB313 Econometrics
ECB330 Financial Markets and Institutions
ECB366 International Economics
ECB369 International Capitalisms: Asia, U.S. and Europe
ECB372 Investment Analysis
ECB416 International Political Economy
ECB425 Internship I
MAT325 Operations Research
MAT371 Selected Topics (MAT371: Voting and Choice only.)

 

Graduate Studies
Students interested in graduate work in economics should elect:

MAT141 Calculus I
MAT142 Calculus II
MAT223 Calculus III
ECB313 Econometrics
MAT318 Probability
MAT319 Statistics

 

MAT318-319 also waives ECB211. Students must continuously maintain a 2.0 GPA within the major.

Requirements for the Minor in Economics

ECB101 Principles of Microeconomics
ECB102 Principles of Macroeconomics
ECB311 Intermediate Microeconomics
Additional 12 credits in economics, worked out with advisor
International affairs majors who wish to minor in economics must take ECB311
and at least 4 credits of economics beyond what is required for the international
affairs major.