Economics

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.

Degree Offered

The Bachelor of Arts degree is offered in economics.

Economics Major

Major

When most people think of economics two things usually come to mind: horrific images of mathematical equations and anxious thoughts of our tax system. For those who believe they have nothing to do with economics, this area of study conjures up nightmares of graphs, federal fiscal policy (including that monstrous deficit), and seemingly impossible problems such as welfare and Social Security. Little do they know that everyone interacts with our economy on a daily basis. Economic policies and conditions subtly (and sometimes not so subtly) impact our lives.

The Department of Economics at Guilford strives to educate students about their economy and about the economies of other countries. In studying economics, one can gain an understanding of how the government implements fiscal policy to ameliorate threatening conditions, such as rising unemployment or inflation, and of how our tax money is used. Economics is not an elusive study of far-away theories and equations. In fact, economics helps many industries decide how to use scarce resources, how to finance programs, and what salaries or wages to pay their employees. Economics is also intertwined with political and social issues throughout society.

The economics program at Guilford offers numerous exciting and interesting classes to enhance a student’s understanding of their surrounding economy and its impact on our lives. The economics major equips students with the ability to analyze complex forces at work in society. The major also provides rigorous training in analytical thinking, creative problem solving, designing and undertaking research projects, and effectively communicating results both orally and in written form. Studies in economics enable a student to clarify issues of human values and perspectives that lie at the heart of public policy. Economics provides students with many valuable skills to be taken into a wide variety of careers.

The major requires a minimum of 32 credit hours (eight courses).

ECON 221 Macro: US in World Econ 4 credits
ECON 222 Micro: Public Policy 4 credits
ECON 301 Research Methods 4 credits
Five 300 or 400 level ECON courses 20 credits

Total credit hours required for A.B. degree in economics – 32 credits

Economics Minor

Minor

The economics minor is a package of courses that will provide a career boost for students coming from other majors. In the minor, students learn discipline-specific skills that prepare them for running their own businesses, becoming executives of corporations, managing non-profit enterprises, working for international or environmental organizations or becoming consultants in areas with a practical policy orientation. In addition, students develop transferable skills that prepare them for leadership positions in the widest range of activities, because institutions promote people who can think rigorously, view problems from different angles, make original discoveries about the world and present those discoveries in an articulate way. The economics minor is an attractive asset on one’s resume, and graduate programs in law, business administration, international studies and public policy favor candidates with strong economics backgrounds.

The minor in economics is not available to economics majors.

The minor requires a minimum of 16 credit hours (four courses).

ECON 221 Macro: US in World Econ of ECON 222 Micro: Public Policy 4 credits
One ECON course at any level 4 credits
Two ECON courses at the 301 level or above 8 credits
Total credit hours required for economics minor – 16 credits

Economics at Guilford

Why Economics at Guilford?

When most people think of economics two things usually come to mind: horrific images of mathematical equations and anxious thoughts of our tax system. For those who believe they have nothing to do with economics, this area of study conjures up nightmares of graphs, federal fiscal policy (including that monstrous deficit), and seemingly impossible problems such as welfare and Social Security. Little do they know that everyone interacts with our economy on a daily basis. Economic policies and conditions subtly (and sometimes not so subtly) impact our lives.

The Department of Economics at Guilford strives to educate students about their economy and about the economies of other countries. In studying economics, one can gain an understanding of how the government implements fiscal policy to ameliorate threatening conditions, such as rising unemployment or inflation, and for what our tax money is used. Economics is not an elusive study of far-away theories and equations. In fact, economics helps many industries decide how to use scarce resources, how to finance programs, and what salaries or wages to pay their employees. Economics is also intertwined with political and social issues throughout society.

The economics program at Guilford offers numerous exciting and interesting classes to enhance a student’s understanding of their surrounding economy and its impact on our lives. The economics major equips students with the ability to analyze complex forces at work in society. The major also provides rigorous training in analytical thinking, creative problem solving, designing and undertaking research projects, and effectively communicating results both orally and in written form. Studies in economics enable a student to clarify issues of human values and perspectives that lie at the heart of public policy. Economics provides students with many valuable skills to be taken into a wide variety of careers.

Experiential Learning Opportunities

Internships

Economics majors have completed internships with the following organizations:

  • JP Morgan Research Department, London
  • Federal Reserve Bank of Richmond
  • Institute for International Finance, Washington, DC
  • Ten Thousand Villages, Fair Trade, Greensboro, NC
  • Economic Organization of Friends Farm Cooperative in Monte Verde, Costa Rica
  • Economic Conditions of Hispanic Farm Workers in Eastern North Carolina
  • Hedge Fund Strategies at Gilford Securities, New York City (former economics major is owner)
  • Emerging Market Securities at International Capital Management, Princeton, New Jersey

Economics Faculty