An economics student will acquire the necessary analytical tools to understand contemporary economic issues and to take reasoned positions in debates about economic and social policy. They graduate with the ability to apply these tools in a variety of careers and are well prepared to continue study of economics at the graduate level. Economists study these important issues by combining theoretical models and data analysis. The great human interest of the subject, together with the rigor of its analysis, gives the study of economics its stimulating quality. All courses are designed to contribute in various ways to the College’s Learning Goals.
Macroeconomics deals with the economy as a whole, with the forces behind economic growth, the problems occurring in the growth process (such as business cycles, inflation, and unemployment), and government policies to address these problems. Microeconomics focuses on the efficient allocation of resources among alternative uses and addresses such questions as how individuals, firms, and societies decide what to produce, how to produce, and how to distribute the output.
Majors take a minimum of 32 credits in economics beyond the 100 level, including courses in macroeconomics, microeconomics, and econometrics. They are encouraged to undertake independent study and research projects under faculty supervision (395fs) in their senior year.
- Economics 211, Macroeconomic Theory
- Economics 212, Microeconomic Theory
- Economics 220, Introduction to Econometrics (or Economics 320, or Psychology 201, or Sociology 225, or Statistics 140, 240, 340) (A course outside the Department of Economics does not count toward the 32-credit minimum.)
- Three 300-level courses (two of these must be taken at Mount Holyoke)
- 8 additional credits at either the 200 or 300 level
Students typically begin their study of economics with Introductory Economics (110), which is the prerequisite for intermediate level courses. There are a number of 200-level courses that can be taken as a first course in economics though these courses are not open to first-semester students without previous economics experience.
Students are encouraged to consult a faculty member for advice in planning a coherent economics minor. A minimum of 16 credits (four courses) at the 200 level and above are required, with at least 4 credits at the 300 level.
Global Business Nexus
Economic life is increasingly impacted by the forces of globalization. Becoming knowledgeable about the contemporary cooperate world, the role of global markets, and debates about appropriate regulation and long-term implications. Explore the tools of the corporate leadership, the sociology of organizations, and models of regulation through the Global Business Nexus. Pursue internships with national or international for-profit corporations.
Non-Profit Organizations Nexus
Make a life out of making a difference. Learn how to be a successful leader in the non-profit sector and equip yourself to become a changemaker. The Non-Profit Organizations Nexus track combines the study of economics, philosophy, complex organizations, politics, and more with your personal interests in the charitable, religious, scientific, or educational fields.