Economics
Students of economics acquire the theoretical and analytical knowledge necessary for understanding and evaluating economic issues and policies, in order to be informed decision makers and citizens in society.
Students learn both micro and macro economic theories in class.
What
are some of today's most important and complex issues? Are they the budget
deficit, war and terrorism, cost of health care, environmental hazards,
poverty and unemployment, globalization, world hunger, crime, support for
education, technology? All of these are economic issues. Economists use
mathematics and statistics as tools to address these and other real-world
issues -- and their skills are highly valued. One source, which compares
salary offers by majors, lists economics in the top four.
Marietta offers both a major and minor in economics. The program
emphasizes the theoretical core of economics and the mathematical and
statistical techniques useful in the investigation of empirical problems.
All economic majors are encouraged to take advantage of the department's
extensive internship program.
A number of special opportunities are available to Marietta economics
majors. The annual Milton Friedman Lecture, named in honor of the Nobel
Prize-winning economist, brings to campus economists of national renown,
such as Dr. David Friedman, professor of law and economics at the
University of Chicago, Dr. Andrew Brimmer, president of Brimmer & Co,
and Dr. Alfred Broadhus, President of the Federal Reserve Bank of
Richmond.
Students have the opportunity to meet and hear influential
speakers
at the lunch meetings of the Economic Roundtable
of the Ohio Valley, which meets alternately in Marietta and nearby
Parkersburg, West Virginia. The department was responsible for the
establishment some years ago of the Roundtable, and the visiting speakers
will often meet with classes to discuss economics topics of the day. Past
speakers have included Dr. James Tobin of Yale University and Dr. Lawrence
Klein of the University of Pennsylvania (both Nobel laureates in
economics); Douglas Fraser, president emeritus of the United Auto Workers;
R. Glenn Hubbard, Chairman, Council of Economic Advisors to the President
of the United States; and David Brandon, Chairman and CEO, Domino's Pizza
International.
Students majoring in economics are encouraged to get involved in the
publication of MACRO & micro, an economic
newsletter published by the department in collaboration with the
Economic Roundtable of the Ohio Valley.
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