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Economics in Society (B.A.)

This major is designed as an interdisciplinary program of studies, combining the primary study of economics with related study in sociology and politics. Students pursuing this major will investigate the basic economic problem of satisfying human wants with limited resources within the broader context of society’s values, objectives, and institutions. Students will be encouraged by advisors to choose their elective courses with specific postgraduate goals in mind. Through careful selection of electives, students pursuing a B.A. in Economics in Society can prepare for careers in business, in international relations, or in social or public policy fields. The Economics in Society major can also provide sound preparation for students considering law school or graduate studies in economics, public policy, or business.

Students in Economics in Society are encouraged to consider a minor in Mathematics.

Upon successful completion of this program, students will be able to

use a variety of communications and research skills, including bibliographic, quantitative, and technology information;
analyze how different markets establish equilibrium and identify ethical issues related to market outcomes;
explain economic decision-making processes used by consumers and businesses to satisfy human wants with limited resources;
describe the political and social environment within which the economic policy is designed and implemented and assess the economic costs and trade-offs of these policy options;
apply relevant economic concepts to provide insight into a wide range of human concerns; and
work effectively as an entry-level research or policy economist and/or analyst, and continue lifelong professional development.

Internship Prerequisites: A minimum of 90 credits in the program with a cumulative GPA of 2.0 or better and a cumulative GPA of 2.0 or better in all Economics, Politics, and Sociology courses are required in order to register for the internship (ECO 490). Students should also have completed a minimum of 9 credits in 300+-level ECO courses. Students should consult their academic advisor and/or the internship director in the School of Business Administration for more information.

Residency Requirement: Students must complete the internship (ECO 490) and a minimum of 18 credits from the 300/400-level major degree requirements at Marymount.

Degree Requirements

Liberal Arts Core and University Requirements

See University Requirements and the Liberal Arts Core for details.

Major Requirements

To fulfill the requirements of the major, all students in this program will take the following coursework in a sequence determined in collaboration with a faculty advisor. Some courses also satisfy Liberal Arts Core and/or University Requirements.

COM 300 Report Writing

ECO 210 Principles of Microeconomics

ECO 221 The Macroeconomics Experience or ECO 211 Principles of Macroeconomics

ECO 305 Business and Economics of Sports or
ECO 330 Managerial Economics

ECO 431 Contemporary Issues in Economics

ECO 485 International Economics

ECO 490 Internship (3-6 credits)

2 to 3 additional 300/400-level Economics electives

MA 132 Statistical Analysis (Students needing preparation for this course should plan to complete that preparatory coursework during the freshman year.)

MGT 123 The Business Experience

PH 305 Business Ethics

POL 104 American Government

POL 210 Western Political Concepts I or POL 211 Western Political Concepts II

POL 305 American Policy Process

SOC 131 Principles of Sociology

SOC 303 Development of Social Thought

SOC 350 Social Justice: Ethical Dilemmas in Social Context

1 additional 300/400-level Politics or Sociology elective

Sample Degree Plan — Economics in Society

Please note that this is a sample plan; all students must consult with an advisor in making course selections.

Year One — Fall

MGT 123 The Business Experience §

EN 101 Composition I (WR core course)*

Natural Science (NS) core course*

TRS 100 Theological Inquiry (TRS-1 core course)*

DSC 101 DISCOVER First-Year Seminar*

Year One — Spring

ECO 210 Principles of Microeconomics (SS-1 core course) § *

SOC 131 Principles of Sociology (SS-1 core
course) § *

EN 102 Composition II (WR core course)*

Introductory History (HI-1) core course*

Elective (MA 121 Introduction to Problem Solving, MA 171 Calculus with Precalculus A, or MA 181 Calculus I recommended)

Year Two — Fall

ECO 221 The Macroeconomics Experience § * or ECO 211 Principles of Macroeconomics § *

MA 132 Statistical Analysis (MT core course) § *

POL 104 American Government (SS-1 core
course) § *

Introductory Literature (LT-1) core course*

Elective

Year Two — Spring

Economics course § ***

Politics/Sociology course § **

PH 200 Introduction to Philosophy (PH-1 core course)*

Theological Ethics (TRS-E) core course*

Elective

Year Three — Fall

COM 300 Report Writing § *

Two (2) Economics courses § ***

Politics/Sociology course § **

Elective

Year Three — Spring

ECO 485 International Economics §

Politics/Sociology course § **

PH 305 Business Ethics (PH-2 core course) § *

Fine Arts (FNA), Advanced History (HI-2), or Advanced Literature (LT-2) core course*

Elective

Year Four — Fall

ECO 431 Contemporary Issues in Economics (SS-2 core course) § *

Politics/Sociology course § **

Politics or Sociology 300/400-level elective §

Fine Arts (FNA), Advanced History (HI-2), or Advanced Literature (LT-2) core course*

Elective

Year Four — Spring

ECO 490 Internship § #

Economics course § or elective

Two (2) to three (3) electives

§ Requirement for the major

* Fulfills Liberal Arts Core/University Requirements. See University Requirements and the Liberal Arts Core and Course Descriptions for further information.

** Politics courses: POL 210 Western Political Concepts I or POL 211 Western Political Concepts II, POL 305 American Policy Process. Sociology courses: SOC 303 Development of Social Thought, SOC 350 Social Justice: Ethical Dilemmas in Social Context

*** Economics courses: ECO 305 Business and Economics of Sports or ECO 330 Managerial Economics and at least two additional 300/400-level Economics courses not specified above.

# Internship may be taken for 6 credits or 3 credits plus one (1) Economics course. ECO 490 fulfills the University Experiential Learning requirement.