Economics (BA)

Chair: Mark P. Zaporowski, PhD

Introduction

Economics BA Program

The Economics Department provides courses designed to help all Canisius students understand the national and global economy. The major in the College of Arts and Sciences provides preparation for entry-level and advanced positions in a variety of career choices through its broad based study of economic activity. Potential career choices include sales, marketing, production, finance and banking, and at various levels of government such as municipalities, local development authorities, the Federal Reserve, the Department of Labor and the Department of Commerce. All of these employers value the critical thinking and analysis skills fostered in an economics curriculum.

The Economics program has also proven to be an excellent preparation for graduate schools. Some students choose to continue the study of economics in PhD and master’s programs. Other students use the strong analytical foundations of their economics training to pursue advanced degrees in business, health, public administration or law. For a more detailed description of the program including policies, faculty, facilities, academic and co-curricular opportunities please view the Economics program webpage. We also offer a BS in Business Economics, and we encourage students to discuss these options with their advisor.

Major Experiences

The department encourages internship experiences as part of the major and accepts one internship on a pass/fail basis as an Economics elective. Many of our majors have participated in the All-College Honors program and have written honors theses on topics in Economics and Finance.

Curriculum

An Ignatian Foundation

All undergraduate students must complete either the Canisius Core Curriculum or the All-College Honors Curriculum. Many schools refer to their college-wide undergraduate requirements as "general education" requirements. We believe that the core curriculum and the honors curriculum are more than a series of required classes; they provide the basis for a Jesuit education both with content and with required knowledge and skills attributes that are central to our mission.

Free Electives

Students may graduate with more but not less than 120 credit hours. Free electives are courses in addition to the Core Curriculum or Honors Curriculum and major requirements sufficient to reach the minimum of 120 credit hours required for graduation.

Major Requirements

Mathematics Requirement 14-6
Mathematics Requirement - Option 1: Two Course Sequence
Finite Mathematics
Calculus for the Non-Sciences
Mathematics Requirement - Option 2 - One of the following advanced courses:
Calculus with Review I
Calculus I
Calculus for Business
Economics Courses
ECO 101Principles of Macroeconomics3
ECO 102Principles of Microeconomics3
ECO 205Intermediate Microeconomic Analysis3
ECO 206Intermediate Macroeconomic Analysis3
ECO 255Business Statistics 3
ECO 256Business Analytics3
Economics Electives
Five courses at the 300 or 400 level15
Total Credits37-39

Major Electives

Up to 2 of the following courses (with a minimum grade of C- in each) may be substituted for ECO elective credit: MAT 112, MAT 211, MAT 219, MAT 222. All Finance courses serve as Economics electives. ECO 455 and additional Mathematics and Accounting courses are strongly recommended for graduate school and the business world.

Additional Course Considerations

Economics majors may also obtain a concentration in Finance by using Economics electives to take the following courses:

ECO 330Money, Banking and the Economy3
FIN 201Introduction to Corporate Finance3
FIN 312Investments3
FIN 414Portfolio Analysis3
Any FIN elective at the 300 or 400 level

This specialization is appropriate for students who wish to make a career in banking or finance.

Roadmap

Recommended Semester Schedule for Major Course Requirements

Freshman
FallSpring
FYS 101ENG 101
ECO 101ECO 102
Select one of the following math courses:PHI 101
MAT 105, MAT 109, MAT 111 or MAT 115MAT 106 (or Free Elective if MAT109, MAT 111 or MAT 115 was taken in the fall.)
RST 101Free Elective
Free Elective 
Sophomore
FallSpring
ECO 205ECO 206
ECO 255ECO 256
Field of Knowledge 4ECO Elective
Free ElectiveFree Elective
Free ElectiveFree Elective
Junior
FallSpring
ECO ElectiveECO Elective
Field of Knowledge 1Field of Knowledge 2
Field of Knowledge 3Free Elective
Field of Knowledge 6Free Elective
Free ElectiveFree Elective
Senior
FallSpring
ECO ElectiveECO Elective
Core CapstoneFree Elective
Free ElectiveFree Elective
Free ElectiveFree Elective
Free ElectiveFree Elective

Learning Goals & Objectives

Goal 1: Economics majors will be able to critically assess economic agruments.

Students will : 

  • Objective A: Be able to analyze economic arguments using economic models.
  • Objective B: Be able to apply statistical tools in the analysis of economic arguments.

Goal 2: Economics majors will be able to apply macroeconomic theory in analysis of economic growth and the problems of unemployment and inflation.

Students will: 

  • Objective A: Display an understanding of the determinants of macroeconomic equilibrium.
  • Objective B: Analyze the impact of exogenous shocks and various fiscal and monetary policies on macroeconomic equilibrium.

Goal 3: Economics majors will be able to apply microeconomic theory to explain behavior of consumers and firms in a market economy.

Students will: 

  • Objective A: Display an understanding of the determinants of consumer choice given the constraints of limited household income and market prices.
  • Objective B: Display an understanding of firm behavior under alternative market structures.