1996-1997 Undergraduate Catalog
Indiana, Pennsylvania 15705
The College of Humanities and Social Sciences
Department of Economics
Donald A. Walker, Chairperson;
Asamoah, Cross, Dyal, Garvin, Holt, Karatjas, Martel, Radakovic, Radell, Stonebraker, Ware
Economics provides a background and educational base which open a broad range of professional, educational, and vocational opportunities. As part of a Humanities and Social Science degree, a Bachelor of Arts in economics provides a liberal education as well as professional and technical training. Indeed, many students completing an undergraduate major in economics do not pursue careers as professional economists; they enter such fields as law, management, finance, and labor relations. By helping to develop a student's ability to think and communicate, economics shares in the liberal arts effort to provide a foundation upon which the student can build any one of a large number of possible careers.
Four different degree programs are available: a Bachelor of Arts in Economics that prepares students for immediate employment or graduate school; a pre-law Bachelor of Arts in Economics for students who wish to attend law school; a Bachelor of Arts in Economics/Mathematics combining courses in both areas to prepare students for graduate study in economics as well as possible immediate employment; and the Bachelor of Science in Education that prepares students to teach economics and other social sciences in secondary schools.
The Department of Economics offers concentrations in six areas of Economics. The concentrations are designed to equip students with the education and skills that will enable them to obtain a position in government or private business upon completion of the undergraduate program. The concentrations available at present are
- Competition and Public Policy
- Economics of Government Affairs
- International Economics
- Labor Economics
- Managerial Economics
- Monetary Economics
- Quantitative Economics
Detailed information regarding these concentrations may be obtained from the department chairperson. Concentrations are not restricted to Economics majors.
Either EC101: Basic Economics or ED121: Principles of Economics will count as a Liberal Studies social science course. However, EC101 is intended for students who will take only one course in the field. Students who anticipate taking more than one economics course should schedule EC121. EC101 will not count toward either a major or minor in economics and may not be taken after the successful completion of or in concurrent registrations with any other economics course.
Economics majors are encouraged to minor in one of the other Social Sciences, in Business, or in Mathematics.
The Department of Economics houses the Center for Economic Education. The center is a nonprofit, nonpartisan organization affiliated with both the Pennsylvania Council on Economic Education and the National Council on Economic Education. Its mission is to upgrade the quality of economic education in kindergarten through twelfth grade. The center performs the following functions: teacher training, consulting services, research, materials development, and programs in economic education for adults. Drs. Nicholas Karatjas and Arthur H. Martel are the co-directors of the center.
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