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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


Welcome to MBU

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Contact Information


Amy McCormick Diduch

Professor of Economics; BA, College of William and Mary; MA, PhD, Harvard University...
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Judy L. Klein

Professor of Economics; BA, The College of William and Mary; MSc, London School of Economics and...
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Kathy Lien ’98

By age 18, Kathy Lien ’98 had kickstarted her education in Mary Baldwin’s Program for the...
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Gifts That Mean The World

“My goal, as we sailed from New York on the SS Independence, was to take it all in,” said M. Elizabeth “Betty” Swope when recalling her trip to Spain through Mary Baldwin’s Junior Year Abroad program. That year, and that trip, set the...
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Students Give Back Through Social Work Program

When Rob and Sue Warfield Caples ’60 gave to Mary Baldwin College to start an accredited social work program, they left a lasting mark on the college community. In 2007, 148 students petitioned the college to begin accreditation processes for a Bachelor of Social...
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Tracy “Lolita” Burks Healy ’87

It started as an ordinary night out with girlfriends. Lolita Healy and her friends kicked back and ordered cocktails, but when the drinks arrived, Burks thought something was missing; the glasses needed color, style, and personality to match the women sipping from...
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Jessica Gatewood ’00

After earning a BA in biopsychology at Mary Baldwin and a master’s degree at the University of Richmond, Jessica Gatewood was working as a biochemistry research assistant at the University of Virginia when she reached a turning point in her professional life. Instead...
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Monique Burgess ’14

College life was not a passive experience for Burgess. Her influential roles on campus included peer mentor, resident assistant, Anointed Voices of Praise Gospel Choir singer, and member of the national leadership honor society Omicron Delta Kappa — applying her...
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