CAS students only. SBS students by special permission. Restricted to the following majors: Art History, Asian Studies, Biology, Economics, English, French, History, Humanities, International Economics, Music History, Philosophy, Physics, Radiation Science, Spanish, and Undeclared. Instructor consent required for all other majors.
This course engages students in the early stages of career planning. Students will explore their interests, skills, values, and strengths, which will allow them to begin setting appropriate goals for professional development. Once students understand themselves in relation to the world of work, they will learn how to research careers and employment paths that fit with their goals.
Non CAS majors need to have completed at least 15 credits.
This course introduces students to foundational principles of microeconomic theory, with an emphasis on applications of concepts to management decision-making in specific industry and market settings. It describes and analyzes the interaction of supply and demand and the behavior of the prices of goods, services. It explains the determinations of costs, output, strategic pricing, and governance by firms under conditions of perfect and imperfect competition in a global economy. In addition, it describes the supply demand for factors of production and the impact of taxes and government regulation and intervention on firms and consumers.
Non-CAS majors need to have completed at least 15 credits
This course examines the workings of the national and the global economy. It will describe the determination of Gross Domestic Product, the problems of unemployment, inflation, and the determination of economic growth. It will also describe and analyze the determination of the country's exchange rate, the balance of payments, and international borrowing and lending. A particular focus will be on understanding economic fluctuations (booms, busts, and recessions) in the domestic economy and its effects on other economies. It will analyze the role of the government and the effects of government spending and taxation on the economy. Furthermore, it will describe and analyze the determination of the quantity of money and interest rates in the economy and the role of the country's central bank. It examines the basis and pattern of international trade and the effects of a country's trade policy on the economy.
EC 101 and EC 102
Theory of consumer behavior and demand. Theory of production and costs of production. Theory of the firm, and price and output decisions in different market structures, i.e., under perfect competition, monopoly, monopolistic competition and oligopoly. Decisions relating to pricing and employment of various inputs (labor and capital) under perfectly competitive, and less than perfectly competitive, resource markets. Required of all majors in Economics. Normally offered every semester.
EC-101 and EC-102
This course covers the neoclassical and Keynesian models of aggregate economic activity. Coverage of the measurement of economic variables, such as aggregate income, the inflation rate, and the unemployment rate. Examines the behavior of the economy under conditions of price flexibility in the long run and price rigidity in the short run under rational and adaptive expectations. Analysis of the effect of changes in taxes and government expenditures, monetary policy and deficits on the economy. Coverage of the sources of economic growth. Required of all majors in Economics. Normally offered every semester.
STATS-250 or STATS-240 or MATH-255 or permission of instructor
This course begins with a brief review of statistical methods, including probability theory, estimation, and hypothesis testing. This background is used in the construction, estimation, and testing of econometric models. The consequences of a misspecified model, where the assumptions of a classical regression model are violated, are studied and the appropriate remedial measures are suggested. Other topics include dummy variables, binary choice models, and autoregressive models. Emphasis is on applied aspects of econometric modeling. There is extensive use of statistical software for data analyses. Normally offered every year.
EC-450 or STATS-350 and Senior Standing; Or permission of Undergraduate Director.
This is a required course for all students majoring in economics, to be taken in the spring semester of their senior year. Students are required to develop an economic thesis project in consultation with the professor for the course and to present it to the class.
CAS-201 and at least 54 credits
This one-credit course is designed to explore career opportunities in economics in depth. Classroom discussions, writing assignments, and site visits will help prepare students to identify and secure internship and post-graduate employment opportunities. Additional career paths, such as pursuing graduate studies in economics or related fields, and the application process, will also be addressed. The goal of this course is to help students reach their fullest professional potential following graduation.
MATH 128 or higher. REMINDER: STATS 250 is a required prerequisite MKT 220, FIN 200 and ISOM 201(prerequisite for ISOM 319)
Application of statistical analysis to real-world business and economic problems. Topics include data presentation, descriptive statistics including measures of location and dispersion, introduction to probability, discrete and continuous random variables, probability distributions including binomial and normal distributions, sampling and sampling distributions, statistical inference including estimation and hypothesis testing, simple and multiple regression analysis. The use of computers is emphasized throughout the course. Normally offered each semester.
Residency Requirement Policy: In the College of Arts and Sciences, a two-course (8 credit) residency requirement must be satisfied for completion of a minor and a four-course (16 credit) residency requirement must be satisfied for the completion of a major.
To complete requirements for honors in the major, a candidate must:
Membership in Omicron Delta Epsilon, the international honor society in economics, is open to juniors and seniors who have a grade point average of “B” or higher in at least four economics courses and who have maintained an overall grade point average of “B” or higher. Members receive a certificate recognizing their scholastic achievement and have the opportunity to enter an economics essay contest.
Membership in the Suffolk Economic Association is open to all members of the university community. The association sponsors lectures and seminars on economic issues and on careers in Economics.
The mission of of the economics program is to provide students with the intellectual, analytical, quantitative, and communication skills necessary to thrive in an increasingly global economy.
The program of study balances theoretical and applied approaches to decision making and problem solving, and develops the ability of students to apply their quantitative skills and critical thinking to economic, business, and policy issues. We emphasize the connections between the core principles of economics and the challenges of the real world, and between learning in the classroom and the activities of business and government. We prepare students for professional careers in both the private and public sectors, as well as for graduate study.
Learning goals and objectives reflect the educational outcomes achieved by students through the completion of this program. These transferable skills prepare Suffolk students for success in the workplace, in graduate school, and in their local and global communities.
Learning GoalsStudents will...
Learning ObjectivesEconomics students will be able to…
|Understand key economic concepts and institutions and use this knowledge to explain economic events, solve problems, and recommend and defend economic policies.||
|Develop skills in using quantitative methods to solve economic problems and analyze economic issues.||
|Communicate clearly both orally and in writing.||