Economics Major
Robert G. Williams, John K. Voehringer Jr. Professor of Economics, Chair
Robert B. (Bob) Williams, Professor
Every individual must make economic decisions, and economic forces and government economic policies have a continuous impact on our lives. The Guilford economics program is designed to contribute to a liberal arts education in three ways. First, it combines scientific analysis with a historical and global perspective, providing a deeper understanding of the complex forces at work in the world. Second, it provides rigorous training in analytical thinking, problem-solving, designing and carrying out fruitful research projects, and effectively communicating results both orally and in writing. All of these skills prepare students to perform well in a wide variety of careers. Third, it clarifies issues of human values and perspectives, addressing concerns that lie at the heart of every issue of public policy, thereby preparing students to become more effective and well-rounded citizens.
Degrees Offered
The Bachelor of Arts degree is offered in economics.
Major Requirements
The major requires a minimum of 32 credit hours (eight courses).
1. ECON 221 Macro: US in World Econ |
4 credits |
2. ECON 222 Micro: Public Policy |
4 credits |
3. ECON 301 Research Methods |
4 credits |
4-8. Five 300 or 400 level Economic courses |
20 credits |
Total credit hours required for A.B. degree in economics |
32 credits |
Each student is encouraged to plan the major in consultation with the advisor. Economics majors planning to go to graduate school in economics are strongly encouraged to achieve competency in MATH 121 and 122 (Calculus I and II), courses regularly taught by the mathematics department. Those interested in careers in private business or non-profit enterprise and those planning to attend graduate school in business management or law are encouraged to take the money and finance minor. At the very least, they are encouraged to take Accounting I and Financial Management, two courses regularly taught outside the department that provide rigorous training in how to read and analyze financial reports.
Majors seeking careers in law are encouraged to take two additional courses: one in formal logic taught by the philosophy department and one upper-level English course. Majors seeking careers in international policy making are encouraged to take the international political economy minor.