Economics
When you study Economics, you’ll learn the essential economic theories, systems and models that build critical and analytical thinking skills you can apply to any field -- including business, government, law, healthcare and social and community service. At RWU, you can pursue either a B.A. (liberal arts track or economics track) or a B.S. (business track), which both offer opportunities for student-faculty research and publishing that can pave the way to graduate studies.
Degree Requirements
A degree in economics enables students to deepen their understanding of the national and world economies as well as to develop economic analysis skills for careers in business, banking, investments, law, and government. The BA in Mathematical Economics will incorporate suitable mathematical, statistical, and programming techniques applicable to modern economic analysis in order to prepare students for graduate school and careers in economic consulting and policymaking.
Student Objectives:
Upon completion of the Mathematical Economics major, students will be able to:
- Set up, solve, and analyze optimization models.
- Apply optimization models to consumer, producer, and market theories.
- Use game theory to analyze the strategic behavior of individuals and firms.
- Apply the empirical methods used by economists to analyze data to learn about the real world.
- Use basic econometric methods to conduct statistical inferences; use regression models to estimate causal relationships; and use regression models to make predictions.
- Critically interpret empirical studies.
Required Economics Courses
Econ 111: Principles of Microeconomics
Econ 112: Principles of Macroeconomics
Econ 211: Intermediate Microeconomics
Econ 212: Intermediate Macroeconomics
Econ 303: Econometrics
Econ 395: Game theory
One additional economics elective
Required Math/CS Courses (all courses are currently offered)
Math 213 & Lab: Calc 1 (required)
Math 214 & Lab: Calc 2 (required)
CompSc 110/Math 255 (required)
Math 225/CompSc 225: Introduction to Data Science (required)
Electives—Choose Two
Math 315: Probability & Statistics
Math 317: Differential Equations
Math 331: Linear Algebra
Math 351: Calculus of Several Variables
Math 371: Real Analysis
Math 355/CompSc 415: Machine Learning
Other courses as required to fulfill university requirements
To read more about our academic offerings, or to view full course descriptions, please refer to our University Catalog.
Undeclared Business
Are you interested in business, but not sure whether to focus on management, accounting, economics or any one of our many academic disciplines offered at the Gabelli School? Visit Undeclared Business for resources on how you can explore your options before making a decision.
Download Undeclared Business Fact Sheet
Accelerated Degree Options
Our accelerated options allow students to complete both undergraduate Business and graduate MBA degrees in four or five years.
3 + 1 MBA
Students, by accelerating their undergraduate work, earn their Bachelor’s degree in three years and their MBA degree at the conclusion of their fourth year at the University.
4 + 1 MBA
Students in the 4 + 1 option complete their Bachelor’s degree within four years and their MBA degree at the conclusion of their fifth year at the University.
The accredited 3+1 or 4+1 Master of Business Administration programs allow students to earn both the B.S. and MBA degrees in just 4 or 5 years. Designed for GSB undergraduates, this program provides a time- and cost-efficient way to earn your MBA in 0-1 additional year rather than the traditional two-year MBA degree programs.
3+3 Juris Doctor (J.D.) and Bachelor's Program
This accelerated 3+3 program allows eligible students to complete their bachelor's and Juris Doctor J.D. degrees in six years instead of seven. Accepted students will take first-year courses in the School of Law along with legal electives to fulfill undergraduate fourth-year requirements.