Economists provide insight into how societies are organized to enable people to provide for their material needs and wants. This provisioning process involves interaction among businesses, government agencies and policies, and people who work for a living, raise families, and purchase goods and services, as well as the non-profit sector.
Stockton’s Economics Program is practical and flexible. In addition to learning basic economics theories about how modern market-based economies work, students develop a portable set of skills, making a major in economics the pathway to a diverse array of careers in business, banking and finance, government, law, journalism, public policy and academics. The recent employment opportunities for economists with undergraduate degrees have been better than for many other majors.
Program Overview & Concentrations
The program requires 10 courses in Economics - seven in the core curriculum and three electives. Transfer students should note that at least five Economics courses must be taken at Stockton, including senior seminar (ECON 4695). The components of the core curriculum include the following:
- ECON 1200 Introduction to Macroeconomics*
- ECON 1400 Introduction to Microeconomics
*Note that ECON 1200 is a prerequisite course for ECON 1400.
- Two of the following three* courses:
- ECON 3601 Intermediate Micro Theory
- ECON 3602 Intermediate Macro Theory
- ECON 3636 Political Economy
*For those planning to continue with graduate courses, taking all three is recommended.
Economic Methods Core:
- ECON 3605 History of Economic Thought
- ECON 3610 Introduction to Econometrics
- ECON 4695 Senior Seminar
Economics Program Electives:
The remaining three elective program courses must be at the 2000 level or higher and can be drawn from other Economics program course offerings (except ECON 1120 which does not count towards the major) or other independent study options in consultation with a student's preceptor. At least two courses (8 credits) should be 3000 level courses.
The study of economics is interdisciplinary; economics courses are well supplemented by courses from such fields as political science, sociology, anthropology, mathematics, history, philosophy and business studies. Economics program preceptors assist all economics majors in selecting courses from these fields to broaden the student’s understanding of the social and political implications of economics.
Because economic activity increasingly crosses national boundaries, all economics majors will take classes that incorporate material designed to enhance their global awareness. Some students choose electives that enable them to focus their study on the global economy. Offerings in the Global Economics concentration provide educational opportunities for individuals interested in careers in global network agencies, institutions and corporations. Various agencies of the United Nations, international non-profit research institutions, government agencies and multinational corporations provide employment opportunities for students. With the growing interdependence of nations, there are promising career opportunities for graduates in New York, Washington, D.C. and Philadelphia. Course work within the concentration will make students aware of major international issues and international economic problems and demonstrate how domestic policy must go beyond the parochial or national levels to assure real progress.
In addition to the seven core courses, students selecting the Global Concentration must include two of the following three courses:
ECON 3655 International Trade
ECON 3670 International Economic Development
ECON 3675 International Money and Finance
Students may obtain a minor in economics if they successfully complete at least 20 credits in Economics with passing grades, including ECON 1200 and ECON 1400. At least two of the other courses (a) must be at the 3000-level or higher and (b) may not be transferred from another institution.
Opportunities & Careers
The thought processes encouraged by the study of economics have wide application outside the discipline itself. A background in economics is useful for someone who plans a career in business, financial services, government or the non-profit sector, as well as someone who wishes to teach social studies in secondary schools. It is also excellent preparation for graduate study in a variety of fields, including economics. In fact, a graduate degree in economics may make available more options than any other single discipline because the skills developed are demanded by business, federal, state and local governments, and by colleges and universities for teaching and research.
Students planning on attending graduate school in economics should complete all three courses in the intermediate theory core. They should also strongly consider a minor in Mathematics, or at minimum two semesters of Calculus. These MATH courses can be counted as Cognates toward the Economics major. Some economics graduate programs are open to applicants with less mathematical preparation; students wanting advice on the best programs for their skills and interests should consult with their preceptor.
An economics major is also excellent preparation for those who intend to pursue graduate study in business administration, public administration, urban planning or any of the social sciences. It is also useful for the study of law. Students intending to apply to law school should select appropriate Political Science courses as their Cognates.