Economics major takes notes during a class lecture in Sutliff Hall

Economics (B.A.)

Learn to analyze human decision-making and interaction, ranging from personal choices to international relations. And let that take you further into learning research techniques, policymaking methods, quantitative analysis, and more.

Degrees & Offerings
  • Minor
  • B.A.
Department
College
Program Contact
Chair of the Department of Economics, Professor
illustration of Carver Hall

Ready to climb? Let's go! 

We offer a systematic study of the economic issues and prepare students for a wide range of career opportunities in for profit and non-profit organizations, as well as government. The core of the curriculum enables the students:

  • to master principles of economics,
  • to develop analytical skills, and
  • to interpret economic phenomena.

Courses and Curriculum

ECONOMIC 121 [Principles of Macroeconomics 3 Credits] — This course provides students with an introduction to the basic Macroeconomic principles. It surveys several key topics in macroeconomics, including the nature of economic problems, basic principles of economics, the institutional framework of our economy; supply-demand and the price mechanism; measurement of national income and the determination of inflation and unemployment levels; consumption, saving and investment behavior of economic actors, short-run economic fluctuations; monetary and fiscal institutions and theories, and long-run economic growth. This course earns three GEPs toward Goal 6 Social Sciences in general education.
Prerequisites: None

ECONOMIC 122 [Principles of Microeconomics 3 Credits] — This course introduces the economic analysis of individual, business and industry choices in the market economy. Topics include the price mechanism, demand and supply, elasticity, cost and productions analysis, theory of consumer behavior and the firm; output and price determination, resource allocation and determination of factor incomes under perfect and imperfect markets, and current economic issues. This course earns three GEPs toward Goal 6 Social Sciences in general education.
Prerequisites: None

ECONOMIC 156 [Business and Economic Mathematics (3 Credits)] — Presents an introduction to basic mathematical tools most frequently employed in Business and Economics, e.g., systems of linear equations, inequalities, logarithms, and mathematics of finance; and prepares students for the concepts of optimization. This course earns three GEPs toward Goal 3 Quantitative Reasoning in general education. This course is an approved Foundational Course.
Prerequisites: None

ECONOMIC 221 [Intermediate Macroeconomic Theory (3 Credits)] — Stresses the national income analysis; theory of income determination, employment and price levels; monetary and fiscal institutions; theory and policy; investment, interest rate and demand for money; business cycles; inflation and unemployment; national debt; macroeconomic equilibrium; prices, wages, aggregate demand and supply, economic growth, foreign trade and balance of payments; economic policy.
Prerequisites: ECONOMIC 121, ECONOMIC 122 and ECONOMIC 156.

ECONOMIC 222 [Intermediate Micro-Theory and Managerial Economics (3Credits)] — Reviews the theory of consumer behavior and the firm; output and price determination under different market systems; perfect competition, monopoly, oligopoly and monopolistic competition; production and cost analysis; allocation of resource and distribution of income; comparison of behaviors of competitive, monopolistic and oligopolistic product and resource markets.
Prerequisites: ECONOMIC 121, ECONOMIC 122 and ECONOMIC 156.

ECONOMIC 256 [Business and Economics Statistics I (3 Credits)] — Studies the Organization and presentation of data, descriptive statistics, elements of probability and probability distributions, sampling and sampling distributions, estimation and hypothesis testing, and correlation as applied to business and economic data. This course earns three GEPs toward Goal 3 Quantitative Reasoning in general education.
Prerequisites: ECONOMIC 121 or ECONOMIC 122.

ECONOMIC 313 [Labor Economics (3 Credits)] — Presents the economics of the labor market, the supply of and demand for labor, the nature of theory and wages, productivity and inflation, unionism, theories of the labor movement, collective bargaining and public policy. A major focus is the relationship between labor markets and gender and racial issues. For each of the economic issues, the implications with respect to gender and race will be examined. The economic analysis and empirical data presented in the course will emphasize Labor Market differences by race, gender and international comparisons. This course earns two GEPs toward Goal 4 Cultures and Diversity in general education.
Prerequisites: ECONOMIC 121 and ECONOMIC 122.

ECONOMIC 316 [Urban Economics (3 Credits)] — This course introduce students to how the economic theory can be used to understand the location decisions of utility-maximizing households and profit-maximizing firms and how these decisions cause the formation of cities of different size and shape. Topics include why cities exists and what causes them to grow or shrink, the market forces that shape cities, the role of government in determining land use patterns, the urban transportation system, the cause of urban crime, the housing market and the effects of government housing policies.
Prerequisites: ECONOMIC 121 and ECONOMIC 122.

ECONOMIC 322 [Contrasting Economics (3 Credits)] — Outlines theories of capitalism and socialism with a special emphasis on Marxian theory. Compares theoretical and actual performance of capitalism, socialism and communism.
Prerequisites: ECONOMIC 121 and ECONOMIC 122.

ECONOMIC 327 [Money and Banking (3 Credits)] — Reviews the historical background and the development of monetary practices and principles of banking; special attention given to commercial banking and credit regulations and current monetary and banking development. The various topics covered include financial systems, interest rate determination, structure and regulation of banking industry, central banks, money supply, monetary policy, and the effect of money on output, employment, and inflation.
Prerequisites: ECONOMIC 121 and ECONOMIC 122.

ECONOMIC 329 [Environmental Economics (3 Credits)] — This course introduce students to how the economic theory can be used to understand the behavioral sources of environmental problems and how market and non-market solutions can be used to address these problems. Topics include the private market and its efficiency, externalities, environmental quality as a public good, water resources and water quality, problem of air quality, supply, consumption and pricing of natural resources, the role that exhaustible natural resources have in economic development and other environmental problems. Emphasis is placed on the development of models for the efficient and sustainable use of these resources and on the design of appropriate government policies in the event of market failure.
Prerequisites: ECONOMIC 121 and ECONOMIC 122.

ECONOMIC 333 [International Economics (3 Credits)] — This course introduces students to theory of international trade. It covers various topics in international economics such as why countries trade, gains from trade, absolute advantage, comparative advantage, the welfare effects of free trade and protectionism, national income accounting, the balance of payments, determination of exchange rate, and capital flows (foreign direct investment, remittances and foreign aid).
Prerequisites: ECONOMIC 121 and ECONOMIC 122.

ECONOMIC 334 [Economic Development (3 Credits)] — Presents studies of developing economies; theories of underdevelopment; operative resistances to economic growth; the role of capital, labor, population growth and technological advance; development planning and trade in development settings. The course familiarizes students with the theories of economic development and growth, the role of industrialization and technology, effects of internal and external resource allocation, and inflation. It analyzes problems of development experienced by developing countries in the post-World War II era.
Prerequisite: ECONOMIC 121 and ECONOMIC 122.

ECONOMIC 340 [Economics of the Middle East (3 Credits)] — Analyzes patterns of economic and institutional development in the Middle East; assesses the general trends in economic growth, investment, and institutional changes; and examines specific issues such as population and human development, economics and politics of oil and trade, the structure of state and its role in economic development, financial markets and Islamic banking, and business environment.
Prerequisites: ECONOMIC 121 and ECONOMIC 122.

ECONOMIC 356 [Business and Economic Statistics II (3 Credits)] — Presents studies of probability distributions; hypothesis testing; regression and correlation analysis; analysis of variance; designs of experiments and computer applications.
Prerequisites: ECONOMIC 121, ECONOMIC 122 and ECONOMIC 256.

ECONOMIC 456 [Introduction to Econometrics (3 Credits)] — This course introduce students to the fundamentals of econometrics—the science and art of using economic theory and statistical techniques to analyze economic data. The emphasis of this course is on the practical use of basic econometric techniques for economic analysis. Students will learn how to use statistical methods to estimate relationship between economic variables and conduct various tests. The course is designed to provide students with skills and techniques needed to conduct an applied economic research using econometric software.
Prerequisites: ECONOMIC 121, ECONOMIC 122 and ECONOMIC 256.

ECONOMIC 460 [Advanced Political Economy (3 Credits)] — Reviews the theories of political economy, current issues in political economy, public policy, inequality and environment. Applies economic and political models of social decision making to historical problems from local through international levels. Presents an evaluation of market; political and mixed techniques in particular areas from the 18th through the 20th centuries. Explores the relationship between theories and the real world political and economic perspectives using case studies of selected countries.
Prerequisites: ECONOMIC 121 and ECONOMIC 122.

ECONOMIC 470 [Senior Seminar (3 Credits)] — Discusses the current literature on economic theory and economic policy. Students read one journal article a week on which they write a report and make a seminar presentation.
Prerequisites: Senior standing or consent of the instructor.

ECONOMIC 490 [Independent Study in Economics (1-3 Credits)] — Provides students with an opportunity to receive individualized instruction as they pursue in-depth inquiries into previously specified subject matter of special interest within the field of economics. Topic and outline must be developed with a faculty sponsor and approved by the department during the preceding semester of residence.

ECONOMIC 497 [Economics Internship (3-6 Credits)] — Allows students to apply economic knowledge and analytical skills learned in the classroom to the real world problems in the workplace. Prerequisites: Must be a junior or a senior, have completed ECONOMIC 221 Intermediate Macroeconomic Theory and ECONOMIC 222 Intermediate Micro Theory and Managerial Economics and have the consent of the department chairperson and the supervising faculty.
Prerequisites: ECONOMIC 121 and ECONOMIC 122.

Our faculty emphasize high quality teaching while maintaining an active research agenda and staying up-to-date with the latest developments in the field. General education requirements are designed to give students a well-rounded education and are consistent across all majors at Bloomsburg.

General Education Requirements

  1. Communication (7 GEPs) – Must come from at least 3 disciplines
  2. Information Literacy (2 GEPs)
  3. Analytical and Quantitative Skills – Must come from at least 2 disciplines, ECONOMIC 156 and 256 each give 3 GEPs in this area
  4. Cultures and Diversity (5 GEPs) – Must come from at least 2 disciplines, ECONOMIC 313 gives 2 GEPs in this area
  5. Natural Sciences (5 GEPs)  – Must come from at least 2 disciplines
  6. Social Sciences (5 GEPs) – Must come from at least 2 disciplines, ECONOMIC 121 and 122 each give 3 GEPs in this area
  7. Arts and Humanities (5 GEPs) – Must come from at least 2 disciplines
  8. Second Language (2 GEPs)
  9. Healthy Living (2 GEPs)
  10. Citizenship (2 GEPs)

Major Requirements

1- Core Courses

  • ECONOMIC 121
  • ECONOMIC 122
  • ECONOMIC 221
  • ECONOMIC 222
  • ECONOMIC 256

General Economics Track

2 – Electives in Economics

  • ECONOMIC 456 6 additional electives at 200-level or higher

3 – Math Requirement

  • ECONOMIC 156 or MATH 123 or MATH 125

Business Economics Track

2 – Electives in Economics

  • ECONOMIC 456 3 additional electives at 200-level or higher

3 – Required Courses in Business (Track 1 or 2)

  • Track 1 – ACCT 221 ACCT 222 ACCT 223 or 348 FINANCE 313
  • Track 2 – ACCT 220 ACCT 223 or 348 FINANCE 313 MARKETING 310

Political Economics Track

2 – Political Economics Core Classes

  • ECONOMIC 315 or 326 ECONOMIC 322 or 460

3 – Political Science Core Requirements

  • POLISCI 120 POLISCI 336

4 – Economics Electives

  • 2 additional electives at the 200-level or higher

5 – Political Science Electives

  • 2 additional electives

Minor Requirements

1 – Core Courses

  • ECONOMIC 121
  • ECONOMIC 122
  • ECONOMIC 221
  • ECONOMIC 222

2 – Electives in Economics

  • 2 additional courses in economics at the 200 level or higher
Bloomsburg Initial - B -  inside a keystone shape

Bloomsburg Because

Internships

Economics students have had exciting internship opportunities in a variety of roles, including positions at banks, the Geisinger Health System, and The Washington Center. The department Twitter page shares local internship opportunities. You can also learn more about internship opportunities through our Profession U program.

Clubs and Organizations

Our Economics Club promotes knowledge of economics, stimulates interest in economics beyond the classroom, and creates forums for students to discuss economic issues. It stays connected to current economic issues through many activities, events and projects. Currently, the club hosts Movie Nights featuring compelling films related to topics in economics and coordinates a newsletter representing a voice for any club member looking to submit articles. 

Honor Societies

Omicron Delta Epsilon is one of the world’s largest academic honor societies and recognizes the scholastic attainment of outstanding students in economics. Our chapter’s activities include invited speakers, dinners, field trips, and more.

Awards and Recognitions

Joseph and Savanah Obutelewicz Memorial Scholarship Award — Awarded to the senior with the highest GPA as of September of the senior year. Must have completed or be enrolled in a minimum of 21 credit hours of economics courses, including ECONOMIC 221 and 222.

Adam Smith Award — Awarded to senior with the highest GPA at the start of the spring semester of the senior year. Cannot be the recipient of the Joseph and Savanah Obutelewicz Memorial Scholarship Award.

The Husky Difference

$108K
Median Annual Wage
Employment of economists is projected to grow 14 percent from 2019 to 2029, much faster than the average for all occupations.

Careers

A degree in economics prepares students for a variety of careers after graduation in business, government, and non-profit organizations. A degree in economics can also serve as preparation for graduate study pursuing a master’s degree or Ph.D. in Economics, an M.B.A., or a J.D.

Potential Job Opportunities

  • Financial Risk Analyst
  • Financial Planner
  • Market Research
  • Economic Researcher
  • Financial Consultant
  • Investment Analyst
  • Actuary
  • Public Sector Roles
  • Data Analyst
  • Economist
  • Labor and Industrial Relations
  • Health Care Management

Top Skills Employers are Looking For

  • Data Analysis
  • Critical Thinking
  • Problem Solving
  • Statistical Programming

Career Outcomes

Our alumni have achieved great success following graduation. Here’s a sampling of the places where are alumni have worked and a sampling of the job titles they’ve held.

Companies where our alumni have worked

ULTA Beauty, Geisinger Health Foundation, RBC Wealth Management, Wells Fargo & Company, KPMG LLP, Deloitte Consulting, Bank of America, Mastercard, Federal Reserve Bank of Philadelphia, Federal Deposit Insurance Corporation

Job titles our alumni have held

Owner, CEO, CFO, Vice President, Senior Account Executive, Solutions Analyst, Financial Advisor, Associate Broken, Assistant Portfolio Manager, Sales Representative

Nagid Walle

I truly enjoyed my four years in the economics department and met many brilliant professors. Dr. Moghadam had a great impact on my time here and helped me succeed towards my end goal of completing a double major in business economics and finance. He's reliable and goes above and beyond to help his students and advisees.

Nagid Walle '21
Business Economics and Finance
Economics major reflects on his time at Bloomsburg in front of Sutliff Hall

Bloomsburg has taught me how to come out of my shell. Coming in freshman year, I was extremely shy, barely knew anyone, and didn’t know how to make the most of my time here in college. But Bloomsburg helped me discover who I am and to connect with so many supportive friends.

Kevin Pham '19
Economics
Economics major reflects on his time at Bloomsburg in front of Sutliff Hall
Nagid Walle
Economist gives lecture during the annual Economics Speaker Series

Speaker Series

Each spring the department hosts a prominent economist to lecture on current topics facing their respective fields, national economic trends, and issues relating to the global economy. Past speakers have included some of the biggest names in the field, including Nobel Laureates, to include Paul Krugman, Gregory Mankiw, and George Borjas, to name a few.

Program Contacts

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