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.
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:
- Diplomatic service
- Management consultancy
- Market/social research
- 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 economics major 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
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.
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
- 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 in graduate schools and a variety of careers.
- Development Finance International, Inc.
- Fathom: Digital Marketing & Analytics Agency
- Cleveland International Fund
- Kehoe & Associates
- Progressive Insurance
- 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
Thomas Kasper ’15 is finance fellow at the Cleveland Clinic in Cleveland. BW coursework provided the analytical tools to understand the complex and dynamic U.S. healthcare market. Internships enabled the North Olmsted, Ohio, native to explore opportunities in his field and land a job after graduation.
Paul Krause ’15 is pursuing an M.A. in theology and political theology at Yale University Divinity School. As an undergraduate at BW, the Parma, Ohio, native conducted research in China, presented at the 2014 ASIANetwork academic conference in Chicago and had two papers published in academic journals.
Gabe Adams ’14 is financial representative with Northwestern Mutual in Cleveland, and was named 2015 Northern Ohio representative of the year. He interned at the company while at BW. Gabe was profiled in Cleveland Magazine’s 2015 “Faces of Cleveland” representing the financial industry. He is from Hudson, Ohio.
Erin Amschlinger ‘14 is humor writer at American Greetings and freelance writer in Cleveland, Ohio. As a BW creative writing and economics student, the Rocky River, Ohio, native completed research in China, interned at local non-profits and studied abroad in Spain. Her self-published book, “A Poet Darkly,” was her undergraduate thesis.
Daniela Muhaj ’14 is research analyst at International Monetary Fund in the District of Columbia. At BW, Daniela was assistant project manager for BW’s Center for Innovation & Growth and completed research in China as an ASIANetwork student fellow. Her M.A. in international relations is from Johns Hopkins University. She is from Albania.
Sundous M. Eddeb ‘13 is M.A. candidate in international relations and international economics at Johns Hopkins University. Concentrated study in economics provided the international affairs and political science major with a valuable skill set and a practical framework for analyzing complex global issues. Sundous is from Brooklyn, Ohio.
Megan Jones ’11 is program coordinator for Global Pathways at Pace University currently pursuing an M.A. in international education at New York University. Study abroad enabled the Mentor High School graduate to develop the linguistic skill and global experience to launch a career in international education.
Chair, Economics Department
Ph.D., Tulane University
Dennis D. Miller
Ph.D., University of Colorado
Thomas A. Ross
M.S., Bowling Green State University
Lewis C. Sage
Ph.D., University of Maryland
Ph.D., Northern Illinois University
Ph.D., Southern Illinois University