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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

  • Analyze, interpret, and present economic data that provides insight into a wide range of human concerns.
  • Communicate economic information effectively in quantitative and qualitative terms in writing and orally.
  • Analyze complex relationships in quantitative information to make meaningful decisions from data.

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 College 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 Requirements

See 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 an advisor. Some courses also satisfy Liberal Arts Core requirements.

ECO 210Principles of Microeconomics *

3

ECO 211Principles of Macroeconomics *

3

 

ECO 301Financial Economics

3

OR

ECO 332Money and Banking *

3

 

ECO 310Intermediate Microeconomics *

3

ECO 311Intermediate Macroeconomics *

3

ECO 335Econometrics

3

ECO 485International Economics

3

 

ECO 490Internship

3

OR

BILT 389BILT Field Experience

3

 

IT 129Python Scripting

3

MA 181Calculus I

4

 

MA 132Statistical Analysis *

3

OR

MA 218Probability and Statistics *

3

Major Elective Courses

An additional nine (9) credits of economics courses at the 300/400 level 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 101Composition I *

3

TRS 100Theological Inquiry *

3

HI History (HI) core course *

3

Natural Science (NS) core course with lab *

4

One (1) elective (MGT 123 recommended)

TRS 100: TRS core course

Year One - Spring

ECO 211Principles of Macroeconomics *

3

EN 102Composition II *

3

MA 181Calculus I *

4

Philosophy (PH) core course *

One (1) elective

3

ECO 211: SS core course; DSCI core course

MA 181: MT core course

Year Two - Fall

ECO 210Principles of Microeconomics *

3

IT 129Python Scripting

3

Fine and Performing Arts (FPA) core course *

Two (2) electives

6

ECO 210: SS core course; DSCI core course

Year Two - Spring

ECO 311Intermediate Macroeconomics *

3

 

MA 218Probability and Statistics *

3

OR

MA 132Statistical Analysis *

3

 

EN Literature (LT) core course *

3

Depth in Faith and Reason core course *

3

One (1) elective

3

MA 218: MT core course; DSCI core course

Year Three - Fall

ECO 310Intermediate Microeconomics *

3

Depth in Humanities core course

3

One (1) 300/400-level economics course

Two (2) electives

6

ECO 310: SS core course; DSCI core course

Year Three - Spring

ECO 335Econometrics

3

 

ECO 301Financial Economics

3

OR

ECO 332Money and Banking *

3

 

Three (3) electives

9

MA 200: MT core course; DSCI core course

Year Four - Fall

Two (2) 300/400-level economics courses

Three (3) electives

9

Year Four - Spring

ECO 490Internship

3

OR

BILT 389BILT Field Experience

3

 

ECO 485International Economics

3

Three (3) electives

9

Note: This program requires a minimum of 120 credits. The third elective may be 1 credit.