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Through the lens of economics, students attain an extraordinarily powerful and flexible set of tools. Economics majors develop highly desired skills such as analytical thinking, research, quantitative reasoning, and an understanding of computer technology. The Economics Department at Mary Baldwin University offers an extraordinary combination of the liberal arts and career preparation.

Students can pursue a BA or BS with a major in economics. Economics also is available as a minor.

Why study economics at Mary Baldwin University?

Reasoning Skills
Economics majors learn how to think through problems, compare alternatives, make decisions, offer solutions, and take charge.

Data Analysis
Economics majors learn how to understand and use statistical data, download data from the Internet, form meaningful ratios, plot graphs, and use spreadsheet and statistical software.

Preparation for the MBA
The economics major is an excellent springboard for the MBA. A Business Week survey showed that the most common undergraduate majors of MBA graduates earning more than $100,000 were engineering and economics.

Preparation for law school
Economic reasoning appears frequently in law reviews and case study analysis and economics majors on average achieve high LSAT scores that are crucial to getting into law school. As illustrated in the table below, among the eight disciplines with more than 3,000 students taking the LSAT, the 4,163 economics majors received the highest average score.

Career Preparation
The Bureau of Labor statistics considers economics one of the more flexible majors, because the analytical skills developed in that major can be applied in numerous occupations.

What is economics?

  • The study of how individuals, firms, organizations and governments respond to incentives
  • The study of how people choose to use resources and respond to scarcity
  • “The study of people in the ordinary business of life” Alfred Marshall
  • The study of the wealth and poverty of nations and the material foundations of political and social issues

The economics major at Mary Baldwin is an extraordinary combination of the liberal arts and career preparation. The acquisition of an economic way of thinking gives students a structure for making personal decisions and for understanding the socio-political world we live in.

Mary Baldwin economics majors and minors can choose electives from several different fields of economics or may choose a particular area of emphasis.

Policy courses:
Poverty, Inequality, and Welfare
Globalization and Labor Issues
Environmental Policy
Economic Policy Seminar
Women and Economics

International courses:
Principles of International and Macroeconomics
International Trade
International Finance
Topics in Economic Development
Globalization and Labor Issues
Food, Population, and Technology

Business/Econ courses:
Money and Banking
Market Structure and Innovation
Business and Government
Economics and Finance of Health Care Systems

Data Analysis courses:
Social Science Statistics
Advanced data analysis

Selected Honors courses:
Food, Population, and Technology
The Rise of the Consumer Society
Economics, Science, and Literature of Seasonal Rhythms

American Economics Association’s web page on undergraduate economics
American Economics Association’s web page on careers in economics
Bureau of Labor Statistics occupational outlook for economists
Committee on the Status of Women in the Economics Profession
Online resources for economists
Largest bibliographic database in economics
Omicron Delta Epsilon — international economics honor society

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