Economics

  • Bachelor of Science in Business Administration
  • Erie, Pennsylvania

Students will expand their knowledge of human action, building both quantitative and analytical skills through a broad range of elective courses. They may also participate in a weekly political economy discussion group, a distinguished speaker series, and faculty mentorship of their own research.

  • GU Possibilities
    • Economics students can participate in the Economics Book Club, which is funded by a grant. Club members meet weekly to read and discuss books dealing with economic issues.
      Students can expand their knowledge of economics and build their professional skills through a grant-funded distinguished speaker and video series.
    • The Dahlkemper School of Business was the first business school in northwestern Pennsylvania with both undergraduate and graduate programs to receive global accreditation by the Accreditation Council for Business Schools and Programs (ACBSP).
      The Dahlkemper School of Business delivers a values-centered business curriculum that provides students with advanced business knowledge through the development of critical-thinking skills, effective communication skills, ethics-based decision making, comprehension of global business concepts, leadership and team-building skills, and the desire to become a lifelong learner.

    You Will Learn

    The economics concentration provides an excellent background in the financial and quantitative modeling that business professionals use to conduct analysis and research. Economists are needed to analyze issues such as health care, taxes, energy and international trade policy. Students who complete an economics concentration are able to summarize their findings after analysis of economic trends and factors, industries, business competition and risk profiles. An economics concentration will enable a student to prepare for advanced study in fields such as law, political science and economics.

    A weekly meeting of the Gannon University Political Economy Discussion Group, currently led by Dr. Roth (center left), in the spring of 2018.

    A weekly meeting of the Gannon University Political Economy Discussion Group, currently led by Dr. Roth (center left), in the spring of 2018.

    You Will Experience

    Students will experience an innovative education in the Center for Business Ingenuity, utilizing state-of-the-art technology and global software. Students will receive hands-on opportunities through internships and service-learning projects with local and national businesses, as well as through the unique collaboration between Gannon University’s Dahlkemper School of Business, Small Business Development Center and Erie Technology Incubator.

    junior business student Timothy Caulfield (left) presents his original research paper on game theory

    Under the mentorship of Prof. Garrett Roth (right), junior business student Timothy Caulfield (left) presents his original research paper on game theory and NFL kick-offs during the Annual Meeting of the Pennsylvania Economics Association at Kutztown University in May of 2019.

    You Will Achieve

    Common careers for economics graduates include:

    • Market research analyst (average salary $70, 960)
    • Economic consultant (average salary $116,020)
    • Compensation and benefits manager (average salary $132,860)
    • Actuary (average salary $116,250)
    • Credit analyst (average salary $82,300)
    • Financial analyst (average salary $100,990)
    • Policy analyst (average salary $115,300)
    • Lawyer (average salary $141,890)
    • Management consultant (average salary $87,060)

    Source:  Thebalancecareers.com  https://www.thebalancecareers.com/top-jobs-for-economics-majors-2059650

    Econ5

    Guest speaker Antony Davies (left) of Duquesne University discusses economic inequality in April of 2019. Guest speaker Bob Chitester (right), founder of the Free to Choose Network, teaches a class about the economics of Harry Potter in October of 2018.

    You Will Study

    Example Course Descriptions

    Econ 311 - Intermediate Microeconomic Analysis

    An intermediate level course in the methods of microeconomic analysis, emphasizing supply and demand analysis, elasticity, production and cost principles, and pricing and output decisions under different market structures.

    Econ 312 - Intermediate Macroeconomic Analysis

    An intermediate level course in the methods of macroeconomic analysis emphasizing national income determination and monetary and fiscal policy.

    Econ 325 - Game Theory

    The course will cover the major elements of game theory, beginning with the basic components of a game: players, strategies, and payoffs.  Having established the basic tools of game theoretic analysis, we will then apply game theoretic principles to situations in business, finance, public policy, and everyday life.  Students will thereby learn how game theory can distill real world situations into their essential elements, guide one's own actions, and predict the actions of others.

    Econ 431 - Public Finance

    An application of microeconomic theory to the study of how government policies influence the economy. The course emphasizes the study of how government tax and expenditure policies affect the allocation of resources, the distribution of income, and the welfare of the citizens.

    Econ 441 - International Economics

    A study of the basis for trade between nations, balance of payment problems and the influence of national policies in dealing with trade, monetary problems and the multinational business firms in the global economy.

    Econ 443 - Comparative Economic Systems

    A study of how societies with differing social, political and economic preferences have organized themselves to satisfy human needs with an emphasis on the theory and practice of socialism, capitalism and modern variations.

    Liberal Studies Core

    The Liberal Studies Core Curriculum is one reflection of Gannon University's commitment to its Catholic identity. The Core's design offers students a defined, integrated, shared experience as the foundation for their undergraduate program.