Economics


Whether you want to track wages and spending, provide economic forecasts, perform a risk analysis, or conduct research, our Economics major will prepare you. We combine a liberal arts education with economic theory, giving you the ability to address challenges in our global economy.

Our graduates work at Deere & Company, Caterpillar, Northwest Bank & Trust, and professional basketball, baseball, and hockey franchises.


Ambrose Advantages

  • Small Classes
  • Learn from Experts in the Field
  • Coordinated Double Majors

jim Bang in front of class

students in class

student studying outside

You will benefit from our personalized attention, faculty who share their real-world business experience, and internships that allow you to contribute rather than observe.

See our Economics Major Fact Sheet (pdf)


A Career in Economics

Economics is much more than you think
by the American Economic Association

Much more than finance, banking, business and government, a degree in economics is useful to all individuals and can lead to many interesting career choices. These four diverse individuals offer their insights on how a background in economics can be a tool for solving very human problems.

Learn more about Economics careers


More Information on the Economics Program

What will I learn?

Courses include micro- and macroeconomics, public finance, data analysis, law, quantitative analysis, statistics, and economic theory. Additionally, you can study international, environmental, banking, real estate, and labor economics.

If you plan to attend graduate or law school, consider a double major in political science or a minor in statistics.

You could also double major or minor in International Business or International Studies. The global knowledge you gain can take you anywhere. We offer many study abroad opportunities. See below for more information.

Study Abroad

You've heard people say it before: "College will be the greatest time of your life!" With Study Abroad, you can add even more to your college years.

You can study in another country – without paying extra tuition – in a semester-long or short-term study abroad program (with a few offered during spring and winterim breaks). No matter the duration, these trips deepen your professional education while earning credit toward graduation.

There are also opportunities through an exchange program, an overseas internship, or volunteering. The limits for Study Abroad are only ones you set for yourself! SAU students have studied in Italy, Costa Rica, Australia, Korea, United Kingdom, Spain, Ecuador, Japan, Germany, Peru, Cyprus, Croatia, Belize, Canada, Chile, and more.

SAU students returning from their Study Abroad locations talk about their time away as life-changing - personally, emotionally, culturally, and academically. Click here to search our Study Abroad programs, and for general information click here.

Economics vs. Business Economics

What's the difference between studying Economics and Business Economics?

At St. Ambrose, we have both programs because while they sound similar, they're each distinctive areas of study and have different job possibilities.

Economics

  • Examines how incentives shape human behavior and how markets and governments, in turn, shape incentives. For example, an economist may study how taxes on carbon emissions shape incentives to produce and invest in zero-emission technologies.
  • Use data analytics to measure causal effects and forecast trends for economic outcomes.
  • Blends well with Political ScienceInternational StudiesSociology, and Psychology as double majors.
  • Prepares you for a post-graduate degree in economics, public policy, or law, so that you could conduct research, consult, or teach in high school or higher education.
  • In class, you'll discuss how to analyze general theories and measure overall outcomes.
  • One of your Economics courses at SAU can include ECON 330 Economic Analysis of Institutions where you'll discuss how institutions such as firms and governments emerge and how contracting within those institutions affects economic performance.

Business Economics

  • Examines human behavior in economic transactions and how markets impact economic returns such as profits and wealth.
  • This degree requires classes from the Business Core (Accounting, General Business, Finance, Economics, International Business, Management, Marketing, Business Ethics, and Statistics).
  • Pairs well as a double major with other business disciplines such as FinanceAccountingManagement, or Marketing.
  • Instills broad, decision-making thinking and data analytics knowledge that's useful in nearly every work sector.
  • One of your electives will be ECON 316 Real Estate Economics where you'll learn about property valuation and laws. This course, combined with other courses in Finance and Economics, can prepare you for the Certified Financial Planner exam.

Read descriptions of SAU Economics courses

How can I supplement my education?

The SAU College of Business has a comprehensive internship program to give you quality hands-on, marketable experience. Economics students have interned at many regional and national corporations, including the Rock Island Arsenal, Deere & Company, and Merrill Lynch.

What are some possible job outcomes?

You can work for financial service companies, insurance firms, lending organizations, marketing and environmental agencies, and production and manufacturing companies.

Many economists work for local, state and federal governments, analyzing productivity, wages, and employment. You could also work for a research firm or think tank, or international company and organization.

What have alumni of this program done?
  • Steve Taets '07 is Assistant VP at Farmers National Bank in Geneseo, Ill.
  • Tirelo Morake '13, '16 MBA was a triple threat with majors in Finance, Economics, and Management. As a student, he interned at Olympic Steel and today he is an Investment Banking Analyst for Rush Street Capital in Chicago. "I was able to take advantage of extracurricular activity and really go out of my way to classes to make sure I got every minute's worth. I found it easy adapting to corporate America."
Faculty

Jim Bang, PhD, Chair and Assoc. Professor

Greg Bereskin, PhD, Professor

Scholarships

Students have the opportunity to compete for scholarships awarded by the university based on need or academic merit. 

Give us a call or send an email so we can get to know you and find the best package for you. (You're also encouraged to seek outside scholarships and begin that search early.)

Degree Requirements

Bachelor of Arts Degree in Economics (39 credits)

2.25 GPA minimum required.

Required:
ECON 201 Principles of Macroeconomics
ECON 202 Principles of Microeconomics
ECON 312 Intermediate Macroeconomic Theory
ECON 313 Intermediate Microeconomic Theory
ECON 331 International Economics
ECON 400 Senior Capstone Seminar in Economics
ECON 447 Econometrics
STBE 237 Statistics for Business and Economics

12 credits from 300-level ECON electives;

3 credits from 300-level ECON courses; or FNCE 411, 412, or 415; or ENGR 265, CSCI/MATH 281, or 393; or STAT 305; or MATH 370)

Plan to Graduate

This is the suggested plan of study to graduate in four years with a bachelor's degree in Economics. This plan assumes the student has not completed three years of foreign language in high school.

If you have questions, send an email to Department Chair Dr. Jim Bang.

Year One

Fall CreditsSpring Credits
STBE 137 3 THEO 3
ECON 201 3 ECON 202 3
Foreign Language 101 3 Foreign Language 102 3
ENGL 101 3 COMM 3
BIOL + lab 4 Elective 3
16 15

Year Two

Fall CreditsSpring Credits
MATH 191 4 ECON 313 3
ECON 312 3 STAT 300 3
PHIL 102 3 PHIL 305 3
ELECTIVE 3 Humanities 3
Humanities 3 KIN 149 1
IL 101 1 ELECTIVE 3
Total 17 Total 16

Year Three

Fall CreditsSpring Credits
PHIL 3 ECON 447 3
ECON 331 3 ECON ELECTIVES 6
ECON Electives 6 ** 6
** 3 KIN ELECTIVE 1-2
Total credits 15 Total credits 16-17

Year Four

FallCreditsSpringCredits
ECON 400W 3 ECON ELECTIVES 6
ECON ELECTIVE 3 ELECTIVES 9
ELECTIVES 9
INTL 400 1
Total credits 16 Total credits 15

** One semester in the junior year reserved for Study Abroad

Economics Minor (21 credits)

Required
STBE 237 Statistics for Business and Economics
ECON 201 Principles of Macroeconomics
ECON 202 Principles of Microeconomics
12 hours upper-level ECON elective courses

Click here to read course descriptions for Economics


Meet one of our alums


Tyler Edwards Bachelor of Arts in Economics, Class of 2006 and 2014 (MBA) Current Occupation: Investment Center Operations Manager at Quad City Bank and Trust "St. Ambrose's community is what sets the school apart from all others. The strong relationships I have built through SAU have helped me personally and professionally." Drew Gerding Bachelor of Arts in Finance and Economics, Class of 2014 Current Occupation: HR Operations Associate for Mesirow Financial, Chicago

Damon Wolter Headshot Mobile Size Damon Wolter Headshot

Damon Wolter

Triple Major: Finance, Accounting & Business Economics,Class of 2021


Damon became an Ambrosian in 2017 and his ties to SAU became stronger. As a leading Midwestern university committed to academic excellence, the liberal arts, social justice and service, we mirror Damon’s academic and personal values.

See My Story

Apply Visit Info

Contact


Jim Bang, PhD, Program Director

Economics
Ambrose Hall 306
518 W. Locust St.
Davenport, IA 52803
563-333-6102
BangJamesT@sau.edu

So, what's next?

Are you ready to take the next step? St. Ambrose offers more than 60 programs and 27 athletic teams and sports to join on campus. Become an Ambrosian today!