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Economics Major

Carmel Boyer School of Business

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OVERVIEW

Economics explores how humans make decisions given the influences of environment, social customs and culture, and politics.

Photo of student in classroom

BW's economics major is a comprehensive, versatile program that blends practical experience with 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.

A Bachelor of Science in economics 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 places you within easy access to impressive networking, internship and career connections at corporations, government and nonprofit agencies, technology firms and more.


Career Opportunities in Economics

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.

Some examples of economics major careers include:

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

Real-World Focused

Economics applies analysis to 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.

The 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.

CURRICULUM

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.

Earning a Bachelor of Science in economics prepares students to:

  • Apply economic reasoning to explain social and economic events
  • Use economic theory and model(s) to make reasonable predictions
  • Explain how macroeconomic variables affect agent behavior or outcomes
  • Evaluate how economic policy options affect society, institutions, and behaviors
  • Obtain, analyze, interpret and present quantitative evidence in appropriate formats to support a conclusion
  • Communicate effectively in both oral and written form
Course Catalog

Course Descriptions

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

STUDENT EXPERIENCES

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 program 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

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.

ALUMNI SUCCESS

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

BW alumni who earned an economics degree are finding success in graduate schools and a variety of careers.

FACULTY

Christian Nsiah

Chair, Finance, Analytics and Economics
Ph.D., Middle Tennessee State University

Christian Nsiah

Herman Sahni

Coordinator, Economics
Ph.D., Northern Illinois University

Herman Sahni

William Brake

Associate Professor
Ph.D., Case Western Reserve University

William Brake

Xudong Chen

Professor of Finance
Ph.D., Tulane University

Xudong Chen

Assistant Professor
Ph.D. ABD, Finance, Binghamton University

Suresh Paul

Christian Nsiah
Chair, Finance, Analytics and Economics
Professor
Ph.D., Middle Tennessee State University

Herman Sahni
Coordinator, Economics
Associate Professor
Ph.D., Northern Illinois University

Colleen Asaad
Associate Professor
Ph.D., Kent State University

William Brake
Associate Professor
Ph.D., Case Western University

Xudong Chen
Professor
Ph.D., Tulane University

Kevin Jacques
Professor
Ph.D., Michigan State University

Henry Lewandowski
Professor
DBA, Cleveland State University

Narasimha Mohan
Associate Professor
MBA, Case Western Reserve University

Suresh Paul
Assistant Professor
Ph.D. ABD, Finance, Binghamton University