Degree: Bachelor of Arts
The primary goal of the Department of Economics is to promote an understanding of the economic aspects of society and to cultivate in each student the ability to reason about economic issues – to provide a basis for intelligent, responsible participation in modern society.
The economics major consists of 10 economics classes with accompanying coursework in mathematics. All economics majors also undertake a two-term senior research project, the senior thesis.
All classes emphasize the connection between economic models and real market applications, helping students hone their analytical, critical thinking, research, quantitative and writing skills.
Beyond economics, courses in a variety of departments at Union, from anthropology to visual arts, examine ways in which entrepreneurs think and act, and a number of specific courses take an interdisciplinary approach to entrepreneurship.
Another distinctive feature of the economics major at Union is the opportunity to take part in an economics international exchange, either during fall term at the University of Antwerp, Belgium or during winter term, with the IESEG School of Management in Lille, France. Up to four Union students typically are selected to participate in each program. Outside of the classroom, many students join the Economics Club, Student Investment Fund or Entrepreneurship Club.
A foundation in economics within a liberal arts education is a solid gateway to a number of interesting professions and programs of advanced study. Careers in business and finance naturally beckon, but the fields of diplomacy, education, environmental science, international relations, journalism, law, public policy, medical administration and non-profits all welcome individuals with degrees in economics. Graduates have secured jobs at Blackrock, Bloomberg, Citigroup, GE Capital, Goldman Sachs, PNC and PricewaterhouseCoopers; incorporated their own online marketing company; and gone on to teaching, medical school and graduate programs in healthcare management.
Designed to involve students in the operation of economic agencies, commissions in New York State government and private firms. Interns apply skills to practical problems in economic analysis and gain exposure to the functioning of the agency or firm.
In this course, you will study how behavioral economists explain a range of psychological and social phenomena and how those explanations differ from standard economic ones. In particular, you will study the various ways in which (apparent) irrationality influences people’s judgment and decision-making.
This course is about creating business insights from big data. The objective is to develop three abilities. The first is the ability to manipulate data. The second is the ability to analyze data. Finally, students will develop an ability to formulate questions that can be answered using big data and lead to better business performance.