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Economics is the study of how societies organize the production and
distribution of goods and services. Economics can be studied from different
perspectives and through different methodological frameworks. The Economics
Department attempts to cover a number of different perspectives and
methodologies in the courses we offer. We seek to strike a healthy balance
in the emphasis we place on the theoretical, empirical and real world
aspects of the study of economics. Through our courses we seek to develop
in our students the ability to understand economic issues in a wider
social, political and historical context. We also familiarize students with
the latest scholarship in aspects of economics, and to cultivate in them
the ability to undertake research in different areas of economics.
The courses we offer can be broadly divided into four categories. Our
theory courses ranging from the introductory level to the advanced
undergraduate level introduce students to the theoretical and empirical
tools of economic analysis. We offer courses in the areas of microeconomic
analysis, macroeconomic analysis, game theory, econometrics and Marxism.
Our second category can be called “management-related” courses.
Courses under this category cover the areas of finance, accounting,
strategic planning and marketing. The third set of courses we offer are the
electives in economics. These courses range across a wide set of issues and
geographic areas and include courses in economic development, economics of
the environment, economic history, international trade, labor economics and
urban political economy. The final category of courses
are research-based seminar courses. These seminar courses help
students undertake research in specific topics in more than one
sub-discipline of Economics.
In addition to a wide range of courses, the Department also maintains
close links with other departments and interdisciplinary programs of the
College. Our faculty are closely involved with and
teach courses in a number of interdisciplinary programs, including
Environmental Studies, International Studies, Business and Nonprofit
Management, and Peace and Global Studies. Some of our courses are cross
listed with other departments like Philosophy and Political Science. These
connections result in a number of “non-econ majors” taking
Economics courses, broadening the perspectives that students bring into the
Economics courses.
On graduation, Economics majors travel many different routes. Some of
our graduates pursue further education in different areas, including
graduate study in economics, public policy analysis, business
administration and law. Economics majors from Earlham have pursued further
study at a number of leading universities, including Brown, Duke, Harvard, Michigan, Minnesota, Virginia,
and Yale. Others have gone on to make successful careers in consulting,
banking, government, the private nonprofit sector and teaching.
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