Department of Economics

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A rewarding, in-demand career field, economics is a rigorous study of the social, cultural and political factors affecting our interconnected world.

Baldwin Wallace’s major in economics is a comprehensive, versatile program that blends practical experience with rigorous coursework in statistics, macroeconomics and microeconomics.

You’ll learn to apply economic models and concepts to decision-making. You’ll develop skills in critical thinking, problem-solving, quantitative reasoning and strategic planning.

It offers outstanding preparation for graduate and professional schools, teacher education and workplace opportunities.

Strong academics, individual attention and faculty mentoring are at the forefront of the major.

You’ll learn from professors who are researchers, scholars and conference presenters.

BW economics faculty have garnered international teaching experience through Fulbright Awards, sabbatical leaves and as volunteer instructors in South and Central America, Eastern Europe, Northern Africa and Asia.

BW’s proximity to Cleveland puts you within easy access to impressive networking, internship and career connections at corporations, government and nonprofit agencies, technology firms and more.

Diverse, Rewarding Career Field

Economics is an analysis of a wide range of real-world problems. It looks at how humans coordinate decisions about satisfying wants and needs within the social, cultural and political realities of society and the world.

The study of economics branches in multiple directions: behavioral economics, ecological economics, evolutionary economics, econometrics, feminist economics, forensic economics, neuroeconomics, social and cultural economics and urban economics.

American Economic Association offers further information about this in-demand career field. 

Interested in Becoming a Teacher?

If you would like to become a social studies teacher, BW has an outstanding teacher education program.

Career Opportunities

A master's or doctoral degree is typically required to perform higher-level economic analysis for some fields. Economists may be employed by government agencies and banking, corporate and international organizations. Employment areas include:

  • Education
  • Accountancy
  • Diplomatic service
  • Insurance
  • Journalism
  • Law
  • Management consultancy
  • Market/social research
  • Politics
  • The World Bank


Offered as a major and minor, economics is an outstanding companion field of study for mathematics, social sciences, sustainability, business and international studies, among other disciplines.

Courses in economic theory are balanced with other courses for which economics is applied to specific domestic and international issues. Economics majors are exposed to computer techniques and applications in statistics and economic research. Independent study and seminar classes are made available to juniors and seniors.

The department also offers a major in mathematical economics. This major provides students with a level of mathematical background considered essential for pursuing graduate work in economics.

Course descriptions, requirements for the major and additional information can be found in the University Catalog.


Experiential learning bridges classroom study with real-world opportunities. You can enhance your studies through internships, co-curricular activities and other learning opportunities.

The economics department maintains a culture of collaboration and shared inquiry with students. Faculty-student research is an opportunity for you to explore a focused area of study that interests you. You'll be encouraged to submit your research for publication and conferences, as well as present it at campus events.


Internships are a key part of your studies that enable you to integrate theory and coursework into practical application. BW economics students have interned at:

  • Cleveland Federal Reserve Bank
  • Financial institutions
  • Food & Agricultural Organization (FAO)
  • Cleveland Browns
  • Cleveland Planning Commission
  • Office of the Controller of Currency
  • PPG
  • Software industry (numerous locations)
  • Progressive Insurance
  • White House Internship Program with the National Economic Council

Student success is celebrated at Baldwin Wallace. Economics students are regularly recognized for their achievements through:

  • Omicron Delta Epsilon, the International Honor Society in Economics, which lauds superior scholastic attainment and promotes closer ties between BW students and faculty.
  • Pi Gamma Mu, the International Social Science Honorary Society, which recognizes outstanding scholastic achievement.

At the annual Honors Ceremony in the spring, recognitions include:

  • The Dr. Albert Gray, Jr. Prize in Economics (in honor of Dr. Al Gray, who taught at BW 1960-1987).
  • The Dr. Greg Pett Award (in honor of Dr. Greg Pett, who taught at BW).
  • The Jess and Arline Petty Scholarship (in honor of Jess Petty, who worked at BW 1931-71).
  • The Pavsek Award for Excellence in Economics (in honor of Dr. Daniel Pavsek, who taught at BW).


At Baldwin Wallace, you’ll experience personal and professional growth in a supportive community that challenges and inspires you to succeed.

Recent BW Economics majors are finding their success at:


  • Development Finance International, Inc.
  • Fathom: Digital Marketing & Analytics Agency
  • Cleveland International Fund
  • Kehoe & Associates
  • Progressive Insurance

Graduate School

  • Brandeis University
  • Binghamton University
  • College of William & Mary
  • Columbia University
  • International Education at NYU
  • Johns Hopkins School for Advanced International Studies
  • Michigan State University
  • University of Bologna
  • University of Chicago
  • University of Cincinnati
  • University of Edinburgh


Xudong Chen, Ph.D.
Tulane University
Associate Professor of Economics
Areas of expertise:  Public Economics, Environmental Economics, Development Economics.

Professor Chen received the 2014 Strosacker Award for Excellence in Teaching, the foremost recognition for outstanding teaching at BW.

Veronica Kalich, Ph.D.
Cleveland State University
Full Professor of Economics, Chair of Economics Department
Areas of expertise: Macroeconomics, Money and Banking, Urban and Regional Economics, and Quantitative Analysis.

Dennis D. Miller, Ph.D.
University of Colorado
Full Professor of Economics
Areas of expertise: Economic Development, Environmental Economics, Statistics, and Principles in Economics.

Professor Miller is currently serving as the Buckhorn Endowed Chair in Economics. The Buckhorn Chair enables a faculty member to conduct research in economic thought; economic, political and social issues; economic growth and applied economics. The scope of the Buckhorn Chair includes teaching, research and being a liaison between the academic and business communities.

Thomas A. Ross, M.S.
Bowling Green State University
Associate Professor of Economics
Areas of expertise: Macroeconomics, Monetary Policy, Econometrics, Finance and Statistical Analysis/Problem Solving.

Lewis C. Sage, Ph.D.
University of Maryland College Park
Associate Professor of Economics
Areas of expertise: Labor Economics, Health Care, Eastern Europe in Transition, Mathematical Economics.

Gary Sellers, Ph.D., J.D.
University of Cincinnati
Full Professor of Economics
Areas of expertise:  Microeconomics, Macroeconomics, Law and Economics.

Kay Strong, Ph.D.
Southern Illinois University
Associate Professor of Economics
Areas of expertise: International Economics, Econometrics, Contemporary Social-Economic Issues, Complexity & Social Network Analysis, Futures-Based Perspectives on Economics and Resilience.