The College of St. Scholastica
1200 Kenwood Avenue
Duluth, MN 55811
TTY/TDD: (218) 723-6790
Rick Revoir, Ph.D.,
Tower Hall, Room 3144
Fast Facts: Applied Economics
Major: 40 core credits
Minor: 20 core credits
The career outlook is strong for applied economics majors. Recent graduates of the program have embarked upon careers ranging from stockbrokers to business analysts. Others have gone on to pursue graduate degrees.
Boost your brain power and give yourself a competitive edge in our global economy by pairing your major with a language. St. Scholastica offers programs and courses in American Sign Language, French, German, Latin, Ojibwe, Russian and Spanish.
Here are some classes you could take as part of this major or minor. Please note that you would not necessarily need all of these courses to fulfill a major or minor. This list doesn't include general education courses. Be sure to create your course plan in consultation with your advisor.
An introduction to the preparation and use of financial accounting information. Course includes preparation and analysis of financial statements and related disclosures.
Focuses on how economists explain the behavior of individuals, how markets direct activities and the policy implications that flow from economic analysis. Emphasis is less on the development of theories and more on the application of theories. Course examines how developments in other fields, most notably evolutionary psychology, have affected microeconomics. Prerequisite: MTH at 1000 level or permission of instructor.
Addresses "the economy" in the sense of the big picture. Topics covered include national income accounting, the determination of economic activity through consumer spending, business investment, government taxation and expenditure and foreign trade. This course also addresses the issues of fiscal and monetary policies, inflation and unemployment. Prerequisite: ECN 2230.
Focuses on how managers can use economic analysis in making decisions. Topics include the theory of consumer behavior, the theory of firm behavior, the theory of behavior under uncertainty, the application of game theory to firm behavior, empirical applications of theories and the role of experimental methods in economic analysis. Prerequisite: ECN 2230.
Covers basic statistical concepts and methods useful in conducting research and evaluating results of studies done by others. Topics include frequency distributions and graphs, measures of central tendency and variability, transformed scores, correlations, multiple regression, hypothesis testing (t test, analysis of variance, and chi square), selection of appropriate statistics, calculation with MS Excel spreadsheets and SPSS, interpretation of the "results" sections of journal articles, and numeracy (understanding and using numbers in decision-making). Prerequisite: competence in arithmetic.
Examines the theory and practice of data management and control as they relate to the design, implementation and use of accounting information systems.
Factors that influence the basic decisions of the firm in an international setting.
Provides an understanding of the ways in that computer- based information systems are used in organizations. This course involves students in the process of developing and modifying information systems which support crucial problem solving and decision-making in organizations. Prerequisite: CIS 1004.
Includes forecasting, quality assurance, project management and other mathematical models for data analysis. Software is used to solve and illustrate problems and solutions.
"I have always been interested in economics, especially microeconomics, game theory and personal decision-making. They all fascinate me. Two economics professors here at St. Scholastica helped me a lot, which I really appreciate."
– Cullen Combs, ‘14