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Economics Department

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Economics students soon learn that the discipline is not an elusive study of theories and equations. It's the study of how industries decide to use resources and finance programs, for example, what salaries or wages to pay employees. Economics is also intertwined with political and social issues.

Guilford's Department of Economics educates students about the economies of the world to help them gain an understanding of how governments implement fiscal policies to ease such conditions as rising unemployment and inflation. Students also gain the ability to analyze complex forces at work in society and receive rigorous training in analytical thinking, creative problem solving, designing and undertaking research projects and effectively communicating results. Institutions promote employees who can think rigorously, view problems from different angles, make original discoveries about the world and present those discoveries in an articulate way.

Through classroom learning, internships, interaction with guest speakers, and studying abroad, Economics majors practice the skills that prepare them for professions across a wide spectrum of disciplines. Plus, an education founded in Guilford's seven Core Values enhances a student's value as colleagues and policy-makers.


College Catalog

For more information about courses for the Economics Department, visit the online, searchable College Catalog. The Undergraduate Catalog also includes academic department and major information, academic regulations and resources, admission standards and requirements, and tuition, fees, and financial aid information.

Major and Minor

  • Analytics (B.S.) Major: The B.S. in Analytics prepares students for a career in a rapidly expanding field focused on utilizing data collected by organizations for efficient decision-making and day-to-day management in a variety of industries. Students must complete 48 credits in this interdisciplinary major. A disciplinary minor, a second major, or an approved IE — which is short for Integrative Experience, Guilford’s unique student-designed minor — is also required. Possible minors or second majors to the Analytics major include Economics, Computing, Technology, and Information Systems, Cyber and Network Security, Mathematics, Business, Accounting, Sport Studies, Public Health, Political Science, Experience Design, Community and Justice Studies, and Environmental Studies.
  • Economics (A.B.) Major and Minor: The A.B. in Economics equips students with skills that apply to a variety of career paths. Students must complete a minimum of 32 credit hours for the major and 16 for the Economics minor, which provides a career boost for those majoring in such disciplines as international studies, public policy, law and business administration.

Economics Department News and Events

Economics Team Wins 2nd Place in Regional Federal Reserve Challenge
Economics Team Wins 2nd Place in Regional Federal Reserve Challenge

At the Regional Federal Reserve Challenge held at Wake Forest University on Oct. 20, 2018, seven teams participated.

Achieving His Goals
Achieving His Goals

Ian Skarring '18, Accounting major and Economics minor, has worked for and achieved a list of major accomplishments: soccer team captain, graduate student, and Ernst and Young intern and employee.

Quality Experience
Quality Experience

Ben James ’22, an Economics major, Analytics minor, and Bonner Scholar, talks about experiential learning and his exciting post-graduation plans.

Man of Substance
Man of Substance

Undistracted by the hollow allurements of some college football recruiters, defensive end Brooks Stemple ’22 chose Guilford College because of its academic qualities and nurturing atmosphere.

Why Guilford? Liam Ward '22 [VIDEO]
Why Guilford? Liam Ward '22 [VIDEO]

Video Produced and Directed by Deon McFarland '24#GoQuakers! Liam Ward '22, an Economics major from Pennsylvania who's also on the Men's Basketball team, talks…

Doubly Qualified
Doubly Qualified

Awatif Oumar ’21 says she couldn’t imagine majoring in anything other than Business, but there was more in store for her. When she started taking courses in her Business major, something unexpected happened during a required Economics course.

Stroke of Genius
Stroke of Genius

Kansas native Jack Lee ’21, a double major in Mathematics and Economics, finds his niche as a financial analyst in the health-care sector. Learn more about his plans, his love of golf, and how Guilford helped him grow.

Contact Us

Natalya Shelkova
Natalya Shelkova

Professor of Economics

Bob Williams
Bob Williams

Stedman Professor of Economics