Economics (B.S.)
Economics is a social science that seeks to understand human behavior by analyzing how changes in incentives affect the choices individuals and groups of individuals make. The basic challenge of economic decision making involves satisfying unlimited human wants with limited resources. Exploring this central economic concept becomes even more complex when a specific society’s values, objectives, and institutions are considered. Marymount’s B.S. in economics uses this economic framework to understand a broad range of diverse issues, including business operations, environmental policy issues, poverty, law, financial institutions, and international trade, among others.
Additionally, the B.S. in economics teaches students rigorous quantitative, statistical, econometric, and computational skills. The B.S. is an ideal choice for students interested in data science or pursuing graduate education in economics.
Marymount’s location in the metropolitan Washington, DC, area provides the perfect setting for real-time analysis and experience via site visits, internship opportunities, and guest speakers from think tanks and government agencies. Small class sizes allow extensive individual interaction with professors.
A degree in economics prepares students for careers in government, consulting, and business. Indeed, average starting salaries for undergraduate economics majors are routinely among the highest among all undergraduate programs. Studying economics also provides an excellent foundation for graduate studies in law, public policy, international studies, or business.
Advisors will encourage students majoring in economics to choose their elective courses with specific postgraduate goals in mind. The economics degree provides ample elective credits for students to explore additional academic interests in fields like business, politics, mathematics, history, English, sociology, philosophy, and psychology.
Upon successful completion of the economics program, students will be able to
- understand economic analysis and use its concepts to provide insight into a wide range of human concerns;
- communicate economic information and concepts effectively in writing and orally;
- analyze complex relationships in quantitative information to make meaningful decisions from data; and
- work effectively as an entry-level research or policy analyst and develop opportunities and techniques for lifelong professional development.
Internship Prerequisites: A minimum of 90 credits in the program with a minimum cumulative GPA of 2.0 and a minimum cumulative GPA of 2.0 in all 300- and 400-level economics courses are required to register for the internship (ECO 490). Students should also have completed a minimum of nine credits in 300- and 400-level economics courses. Students should consult their academic advisor and the School of Business and Technology internship coordinator for more information.
Residency Requirement: Students must complete a minimum of 18 credits from the 300- and 400-level major degree requirements at Marymount.
Degree Requirements — Economics (B.S.)
Liberal Arts Core and University Requirements
See University Requirements and the Liberal Arts Core for details.
Major Requirements
To fulfill the requirements of the major, all students in this program will take the following coursework in a sequence determined in collaboration with a faculty advisor. Some courses also satisfy Liberal Arts Core and/or University Requirements.
An additional 15 credits of economics courses at the 300/400 level (for a total of 33 economics credits) are required.
Sample Degree Plan — Economics (B.S.)
Please note that this is a sample plan; all students must consult with an advisor in making course selections.
Year One — Fall
| EN 101 | Composition I * | 3 |
| | Natural Science (NS) core course with lab * | 4 |
| TRS 100 | Theological Inquiry * | 3 |
| DSC 201 | New Student Seminar * | 1 |
| | One (1) elective (MGT 123 recommended) | |
| | One (1) elective | 3 |
Year One — Spring
| ECO 211 | Principles of Macroeconomics * | 3 |
| | Introductory Social Science (SS-1) core course (politics, psychology, or sociology) * | 3 |
| EN 102 | Composition II * | 3 |
| HI | Introductory History (HI-1) core course * | 3 |
| MA 181 | Calculus I * | 4 |
Year Two — Fall
| ECO 210 | Principles of Microeconomics * | 3 |
| IT 129 | Python Scripting | 3 |
| EN | Introductory Literature (LT-1) core course * | 3 |
| | Introductory Social Science (SS-1) in a third discipline or Second Natural Science (NS) core course * | 3 |
| | One (1) elective - 1st WI course if not already completed * | |
Year Two — Spring
| ECO 311 | Intermediate Macroeconomics | 3 |
| PH 100 | Introduction to Philosophy * | 3 |
| MA 218 | Probability and Statistics * | 3 |
| | Advanced Theology/Religious Studies (TRS-2) or Theological Ethics (TRS-E) core course * | 3 |
| | One (1) elective - 1st DSINQ course if not already completed * | |
Year Three — Fall
| ECO 310 | Intermediate Microeconomics | 3 |
| | One (1) 300/400-level economics course | |
| | Fine Arts (FNA), Advanced Literature (LT-2), or Advanced History (HI-2) core course * | 3 |
| | One (1) elective - 2nd WI course if not already completed * | |
| | One (1) elective - GP course required if not already completed * | 3 |
Year Three — Spring
| ECO 335 | Econometrics | 3 |
| MA 200 | Calculus II * | 3 |
| | One (1) 300/400-level economics course | |
| | Advanced Philosophy (PH-2) or Philosophical Ethics (PH-E) core course - PH 301 or PH 305 recommended * | |
| | One (1) elective - 2nd DSINQ course required if not already completed * | 3 |
Year Four — Fall
| | Two (2) 300/400-level economics courses | |
| | Fine Arts (FNA), Advanced Literature (LT-2), or Advanced History (HI-2) core course * | 3 |
| | One (1) elective - 3rd WI course if not already completed * | |
| | One (1) elective | 3 |
Year Four — Spring
| ECO 490 | Internship * | 3 |
| | One (1) 300/400-level economics course | |
| | Two (2) or three (3) electives | |
ECO 490: EXP course
Note: Students must take at least three Writing Intensive (WI) courses. Students should also take their third DSINQ course in this semester if they have not already completed it.
* Fulfills Liberal Arts Core/University Requirements. See University Requirements and the Liberal Arts Core and the Course Descriptions for further information.