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Economics educates students to participate in the decision-making process of allocating scarce resources and prepares them to function as informed and responsible citizens in a free market economy. Students interested in the more quantitative aspects of business and public policy typically enjoy and thrive in economics classes.
In the macroeconomic dimension, students learn the basic forces underlying the economic organization of society, the theory of national income, aggregate supply and demand, unemployment, inflation, taxation, money and banking, and governmental fiscal policy. In the microeconomic realm, students learn the theory of price under various market conditions, economic functions of government, the theory of the firm, economic functions of labor unions, and elements of international economics.
You will have the opportunity to learn economics in a small class environment. Your professor will not just know your name, they will know YOU! You will have many opportunities to work one-on-one or in small groups with the faculty. Students are encouraged to participate in the Society of Economic Analysis (SEA). The SEA provides students with the opportunity to compete in a national competition known as the College Federal Reserve Challenge as well as other regional competitions. The club also works on research projects, prepares editorials in local newspapers, organizes events to increase economic literacy on campus, and has taken trips to the New York stock exchange and the IMF in Washington, D.C. Select students have also participated in both undergraduate and professional research conferences.
Students are required to complete an independent research project before graduation. Applied skills in analyzing and interpreting data, econometrics, and econometric software will be taught and practiced inside and outside of the classroom. These are all marketable skills in the job market.
You have the opportunity to differentiate yourself with the unique SFU experience. Internship opportunities will be made available from many economic policy organizations. The major will prepare you for a career in banking in private industry or as a researcher/regulator for the Federal Reserve. The major also would serve those interested in a career in public policy, other government agencies, as a financial analyst, or financial/economic consulting.
117 Evergreen Drive P.O. Box 600 Loretto, PA 15940