Economics

Highlights

  • Joint major with Villanova University.
  • Excellent preparation for securing a job in business, law, politics, and government agencies.
  • Learn how to interpret the economic news 'ripped from the headlines'.
  • Develop strong analytical and critical thinking skills.
Campus
Economics major introduces students to the content and techniques economists use to understand problems and issues such as unemployment and inflation, growth, poverty, discrimination, environmental issues, effective markets, and other issues of the global economy. Economics is a quantitative discipline, and students are trained to use analytic and computational techniques. Students have an opportunity to apply the economic theory they learn in class through internships and in their capstone course where they write a major research paper. Majors are prepared for advanced studies in business, economics, politics, law and public policy and for jobs in the private and public sector.

Major Requirements for a B.S. in Economics

The Economics major is a joint program with Villanova University. Students take Introduction to Macro and Micro-Economics, Statistics, related math, business, computer, and political science courses at Rosemont College. Advanced economics courses are provided by Villanova University. In addition to meeting the course requirements for each respective major, all students must also fulfill the General Education requirements for the Undergraduate College. The Bachelor of Arts degree in Economics requires 120 credits.

General Education Requirements 57 to 58 credits

Required Courses 38 credits
ECO-0101 Introduction to Micro-Economics 3 credits
ECO-L101 Micro-Economics Problems and Applications 1 credit
ECO-0220 Statistics I* 3 credits
ECO-0221 Statistics II* 3 credits
The following courses are required and taken at Villanova University.
ECO-2101 Intermediate Macro-Economics Theory 3 credits
ECO-2102 Intermediate Micro-Economic Theory 3 credits

Electives** 15 credits
ECO-4132 Seminar in Economics 3 credits
*ECO-0220 and ECO-0221 are cross-listed with BUS-0220 and BUS-0221, respectively. Students can take the statistics courses in Business or they can substitute the statistics courses in Psychology, PSY-0210 and PSY-0280, for these courses.

**Can include internship credits.

Computer Competence

Fulfilled by portfolio, test, or appropriate computer course.

Recommended Supporting Courses 6 credits
MAT-0120*Calculus I3 credits
MAT-0121*Calculus II3 credits
*For students considering graduate work in Economics or who are considering pursuing an M.B.A.

ACC-0100*Financial Accounting I3 credits
ACC-0101*Financial Accounting II3 credits
*For students interested in Business. Other Business courses can be recommended as well based on the interests of the student.

For students interested in Public Policy

Two courses in Political Science to be chosen with the student’s academic mentor.

In addition, all Economics majors are advised to take courses in History as part of their General Education program or as Elective courses.

Electives

The remaining credit hours are electives and can consist of economics courses, but should not be limited to those particular disciplines.

Minor Requirements, Economics Track

A minor in Economics requires 20 credits chosen from the following classes:
ECO-0100 Introduction to Macro-Economics 3 credits
ECO-L100 Macro-Economics Problems and Applications 1 credit
ECO-0101 Introduction to Micro-Economics 3 credits
ECO-L101 Micro-Economics Problems and Applications 1 credit
The following courses are required and taken at Villanova University.
ECO-2101 Intermediate Macro-Economics Theory 3 credits
ECO-2102 Intermediate Micro-Economic Theory 3 credits

Two Economics Electives* 6 credits
*ECO-0220, Statistics I, and ECO-0221, Statistics II, are recommended as electives for this minor. ECO-0220 and ECO-0221 are cross-listed with BUS-0220 and BUS-0221, respectively. Students can take the statistics courses in Business or they can substitute the statistics courses in Psychology, PSY-0210 and PSY-0280, for these courses.

ECO-0100 Introduction to Macro-Economics
An introduction to the economic theories which explain national economic conditions in the United States. Topics include unemployment, inflation, economic fluctuations, productivity, and economic growth in the context of a global economy. Students must also enroll in ECO-L100. Offered fall semester. 3 credits. This course fulfills the Developing the Core/Social Science requirement in the Undergraduate College’s General Education program or it may be used to partially fulfill the Critical Thinking requirement. Please note – it cannot be used to fulfill both requirements.

ECO-L100 Macro-Economics Problems and Applications
In a small seminar setting, students will review assigned problems and discuss real world applications of the theories covered in the lecture. Students will have the opportunity to ask questions and explore issues in greater depth. Short essays with current problems covered in Macro-Economics will be required. Offered fall semester. 1 credit.

ECO-0101 Introduction to Micro-Economics
An introduction to the economic theories which explain the workings of the marketplace in a capitalist system. Topics include the behavior of consumers, businesses, the public sector, labor market, discrimination, poverty, and pollution. Course emphasizes techniques of analysis that will continue to be useful in comprehending a changing economic world. Students must also enroll in ECO-L101. Offered spring semester. 3 credits. This course fulfills the Developing the Core/Social Science requirement in the Undergraduate College’s General Education program or it may be used to partially fulfill the Critical Thinking requirement. Please note – it cannot be used to fulfill both requirements.

ECO-L101 Micro-Economics Problems and Applications
In a small seminar setting, students will review assigned problems and discuss real world applications of the theories covered in ECO-101. Students will have the opportunity to ask questions and explore issues in greater depth. Short essays with current problems covered in Micro-Economics will be required. Offered spring semester. 1 credit.

ECO-0220 Statistics I
An introduction to statistics, including descriptive statistics (measures of central tendency, dispersion, and frequency distributions) graphic presentations, Probability Theory, Sampling Theory, normal curve applications, and the use of computers. Emphasis given to interpretation and application of descriptive statistics. For students in business, economics, and accounting. This course is cross-listed with BUS-0220. No prerequisite. Offered fall semester. 3 credits.

ECO-0221 Statistics II
A continuation of Statistics I, including hypothesis testing, estimation techniques, correlation and regression, time series analysis and index numbers, analysis of variance, and use of computers. Emphasis given to application of statistical decision-making. For students in business, economics, and accounting. This course is cross-listed with BUS-0221. Prerequisite: BUS-0220. Offered spring semester. 3 credits.

ECO-0270 Politics and the City
This course may be taken as one of the electives for an economics major or minor. The project for Economics students will focus on economic issues. Love Philadelphia? Hate it? Want it to be better? Most people in the U.S. now live in metropolitan areas, which include cities and their suburban rings. This course analyzes issues raised by suburbanization, the urbanization of poverty, housing, welfare, and schools with a focus on the Philadelphia metro area. Students research a recent conflict in their own communities, interview the principal agents involved, make a presentation to the class, and write a paper based on their research. Prerequisites: Economics major or minor or permission of instructor. Offered every other year. 3 credits.

ECO-0360 International Political Economy
How do governments interact with the global economy? In the twenty-first century, the roles that governments play in trade and development have an immense impact on international relations and on the quality of life for all people. This course examines the topic of international political economy by studying explanatory theories and by analyzing classic and contemporary cases. This course is cross listed with PSC-0360. Prerequisites: ECO-100 and PSC-290 or permission of instructor. 3 credits.

ECO-0456 Internship
Supervised experience in a business, government agency, or NGO concerned with economic issues. Internships will be arranged with the student’s Economics mentor and selected in relationship to Economic electives. Internships can be full of part time during the semester or during the summer. Number of credits for an internship will be determined by number of hours and breadth of the internship contract and college wide internship criteria. No prerequisite. 1 to 6 credits.

ECO-0460 Independent Study
Arranged on an individual basis with credits and requirements determined in consultation with instructor. No prerequisite. 1 to 3 credits.

ECO-0490 Special Topics in Economics
Examination of selected ideas or topics of interest in Economics. Intended for all students interested in economics as well as majors or minors. No prerequisite. Offered as needed. 1 or 3 credits.

Degree Offered

B.S., Bachelor of Science in Economics

FACULTY

Eleanor Gubins
Assistant Professor, Economics and Political Science
Discipline Chair, Economics

Goal 1
Economics students will demonstrate an understanding of how economists apply the tools of the discipline to analyze human economic behavior.

Objective 1: Demonstrate knowledge of micro-economic principles including supply & demand, firm behavior, and market successes and failures.

Objective 2: Demonstrate knowledge of macroeconomic principles including GDP models, short and long term economic growth, and fiscal and monetary policy.

Objective 3: Demonstrate the ability to apply statistical techniques learned in required statistics course.

Objective 4: Achieve an overall level of knowledge of economics theory and practice comparable to graduates of other institutions.

Goal 2
All economics degree candidates will be able to describe and analyze current social and governmental issues by showing how policies are informed by economic theory.

Objective 1: Understand how economic theory and practice applies to real world policy problems.

Objective 2: Understand the current state of the economy.

Goal 3
All economics students will be able to prepare a paper or essay analyzing an economic question or issue.

Objective 1: Master information literacy skills.

Objective 2: Demonstrate in a senior paper or essay a mastery of economics terms and concepts.