Economics Download PDF Version

Academic Year



School of Humanities and Social Science School Web site

School Dean

Janet Dizinno, Ph.D.



Department Chair

Roy E. Robbins

Description of Program/Major

Economics majors are students interested in diverse topics, including business opportunities analysis, economic development of third-world nations, environmental protection, policy evaluation, urban and regional planning, international trade and entrepreneurship.

Students majoring in economics at St. Mary's University learn how people make economic decisions and how institutions affect those decisions, both in theory and in practice.The Department of Economics offers a degree program for students interested in entering graduate or law school as well as students pursuing a career answering questions about international trade, policies in education and environmental protection, and equitable tax systems.

Degree Requirements

Core Curriculum (SMC)
St. Mary's University Core (30 Hours)
All St. Mary's Core SMC13## "Reflection" courses must be completed before registering for SMC23## "Practice" courses. "Reflection" courses can be taken in any order followed by "Practice" courses in any order.
SMC 1301Foundations of Civilization3
SMC 1311Foundations of Reflection: Self (Formerly PL 1310)3
SMC 1312Foundations of Reflection: Nature3
SMC 1313Foundations of Reflection: Others3
SMC 1314Foundations of Reflection: God (Formerly TH 2301)3
SMC 2301Foundations of Practice: Ethics (Formerly PL 2332)3
SMC 2302Foundations of Practice: Civic Engagement and Social Action3
SMC 2303Foundations of Practice: Fine Arts and Creative Process (Formerly FA 1101, FA 1102, FA 1103)3
SMC 2304Foundations of Practice: Literature3
SMC 4301Capstone Seminar: Prospects for Community and Civilization3

School Specific Core (SSC)
School of Humanities and Social Sciences School Specific Core (30 Hours)

SpeechSE 1321 (for international students), SE 1341, SE 2333, SE 33913
Composition and Rhetoric (grade of "C" or better)EN 1311, EN 1313 (for international students)3
Mathematics MT 1301, MT 1302, MT 1303, MT 1305, MT 1306, MT 1411, MT 24123
Foreign LanguagesSix hours at the sophomore level (2311, 2312) in a Foreign Language previously studied for a minimum of one year;
Or, 6 hours of introductory level (1311, 1312) in a Foreign Language not previously studied;
Or, 12 hours of CLEP credit for a language previously studied.
HistoryAny HS courses.3
ScienceBL 1301, BL 1302, BL 3311, BL 3312, CH 1303, CH 1304, CH 1401, CH 1402, EG 2300, ES 1300, ES 1303, ES 1304, ES 1373, PY 1300, PY 1310, PY 1401, PY 14023
TheologyAdvanced Theology 33XX, HU 33033
Fine ArtsAR, DM, MU3
LiteratureEN 23XX3

Four Year Degree Plan

Department Courses and Descriptions

Department Courses and Descriptions
EC 2301 Intro Macroeconomic Theory (3)
The content of this course includes an introduction to supply and demand, productionn possibilities, Gross Domestic Product, consumption, savings, investment, government expenditures, taxes, money and banking, fiscal and monetary theory, classical, Keynesian, rational expectation theories, international trade and finance.

EC 2303 Intro Microeconomic Theory (3)
The content of this course includes an introduction to supply and demand, production possibilities, product markets (perfect competition, monopoly, monopolistic competition, oligopoly) and factor mar kets (perfect competition, monopsony) efficiency in production and consumption, general discussion of markets.

EC 3302 World Economic Geography (3)
This course examines the spatial relationships of economic activities including production and trade. The importance of transportation, location of natural resources, and urban and regional de velopment in the United States and other nations is examined.

EC 3310 International Economics (3)
This course is a survey of international trade and international finance topics. The international trade portion will study major theories of international trade, tariff analysis, economic integration, and factor mobility. The international finance portion will examine balance of payments, foreign ex change markets, international investment, and macroeconomic stabilization. The use of the Internet as a tool of research and international business will be stressed. Social and ethical issues will also be studied and analyzed.

EC 3311 Economic Growth & Development (3)
This course introduces students to the major theories of economic growth and development. Is sues considered include rural-urban migration, capital formation, education, international trade and finance, and import substitution as factors affecting economic growth. Institutional factors and cul tural values are examined.

EC 3315 Inter-American Econ Problems (3)
Examines ma jor aspects of Latin American production, income distribution, labor force, foreign in vestment, and trade. Surveys ma jor contemporary issues including the ¿Debt Crisis¿ and Maquiladoras.

EC 3325 Economic Thought (3)
This course considers the foundations of contemporary economic theory. Economic methodology is addressed as well as issues concerning economics and ethics. Some attention is given to an cient and medieval thought, but the major portion of the course begins with an examination of Adam Smith. The contributions of classical, neo-classical, and modern writers are considered. Issues in socio-economic teachings of the Catholic Church and economic theory are considered.

EC 3330 Money and Banking (3)
Principles of money and credit; historical development and the status of the American banking sys tem; Federal Reserve Bank operations and policy; credit controls, debt management, and monetary policy. Theory of international monetary cooperation

EC 3332 Financial Institutions (3)
Review of operations of financial intermediaries including banks, saving institutions, and insurance companies. Principles of money and credit; review of central banking and monetary policies, both national and international. Prerequisite: AC 2320.

EC 3340 Public Sector Economics (3)
This course applies economic theory to issues concerning the public sector. Issues such as in come distribution, taxation and subsidies, poverty, education, and public goods are considered.

EC 3346 Intermediate Macroecon Theory (3)
This course examines classical, Keynesian, and post-Keynesian fiscal and monetary economic the ory, includingrational expectations. Monetarist perspectives and theories underlying money and banking are included.

EC 3347 Intermediate Microecono Theory (3)
The content of this course includes supply and demand, indifference curve analysis, perfect and imperfect product and factor analysis, complementary factors of productions, elementary game the ory, and Coase theorem. Efficiency is considered in production and consumption in the context of constraints.

EC 3350 Labor Economics (3)
Examination of the history of the labor movement in the United States and various models of labor markets. Considers functions and types of unions, public and private employment, effects of legis lation and regulation such as minimum wage, equal employment legislation, safety rules, etc., upon labor markets.

EC 3355 Econo of Natural Resour&Enviro (3)
Consideration of the use of resources including water, minerals, fish and animal life, forests and air from the perspective of markets, property rights, and social benefits and costs. Considers the effects of time on economic analysis of resource use.

EC 4335 Econometrics (3)
Application of statistical methods and economic theory for empirical research in economics. Prerequisite: PS 3381 or equivalent or permission of the instructor.

EC 4340 Selected Topics in Economics (3)
Consideration of selected topics in economics. Prerequisites vary with topic. May be taken more than once if topics vary.

EC 4385 Internship in Economics (3)
Experience-based education in an approved employment activity in the public or private sector. Un der the su pervision of an elected, administrative, or planning official, the student will do research, analysis, evaluation, or report writing. Credit is based upon material submitted to the Internship Co ordinator, evaluations by the supervisor and other measures as determined by the Coordinator.

EC 4386 Senior Project in Economics (3)
Under the direction of Economics faculty, the student will do research in a theoretical area of personal interest. Students will apply theoretical, mathematical, statistical, and computer science skills acquired in this degree program in developing the research project. The student will present the project and defend it, includ ng the methodology used and its conclusions, before a panel of three faculty members, two of whom must be from the Economics department.

Department Faculty

Economics Faculty Website

Department Website

Economics Website