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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 course work in mathematics. All economics majors also undertake a two-term senior research project, the senior thesis.

"Economics is one of the most versatile majors at Union. It can prepare you for a very technical career, or you can use it as a foundation for a broader profession. I like studying it because of the options it gives me."
- Dan Wajda

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.

Special learning opportunities

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.

Meet some of our faculty

Tomas Dvorak

Tomas Dvorak

Ph.D., University of Maryland
Special interests: Design of retirement plans, business analytics

Younghwan Song

Younghwan Song

Ph.D., Columbia University
Special interests: Labor economics, poverty and welfare, health

Kaywana Raeburn

Kaywana Raeburn

Feigenbaum Assistant Professor of Behavioral Economics
Ph.D., McGill University
Special interests: Behavioral economics, experimental economics, development economics

Shelton Schmidt

Shelton Schmidt

Chauncey H. Winters Professor of Economics
Ph.D., University of Virginia
Special interests: Industrial organization, econometrics, efficiency measurement

After Union

Fellow/teacher, Math for America (MfA)

Energy auditor, Smart Watt Energy

Project coordinator, Clough Harbour & Associates

Account manager, Adobe Systems

Research analyst, Memorial Sloan Kettering Cancer

Founder, FORSAKE shoes

Dean of academic services, KIPP Ujima Village Academy

VP and senior equity analyst at Longbow Research