Jun 18, 2024  
2014-2015 Undergraduate Catalog 
2014-2015 Undergraduate Catalog [ARCHIVED CATALOG]


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Professors Claycombe, Milstein, J. Olsh , and Seidel (Department Chair); Associate Professors McIntyre, Routzahn; Assistant Professors Duvall, Rowell; Lecturer Burdett; Executive in Residence Lavin.


Areas of particular teaching interest: Professor Claycombe: industrial organization, managerial economics; Professor Milstein: intermediate and advanced accounting; Professor Olsh: economic development, history of economic thought; Professor Seidel: money and financial markets; Professor McIntyre: macroeconomics, international economics, money and financial markets; Professor Routzahn: accounting, finance, economics of gender; Professor Lavin: accounting, finance, business ethics; Professor Duvall: advanced and tax accounting; Professor Rowell: intermediate accounting, auditing, business law; Professor Burdett: management and marketing.

Students who major in this program, in addition to acquiring a broad liberal education, prepare for careers in business and finance; for careers in government such as economic analysis, administration, and foreign service; and, by completing graduate study in a university, for professional careers in law, business, and economics. McDaniel College’s Economics graduates are admitted to fine graduate schools in economics, business administration, and law. Others go directly to jobs in businesses such as banking, insurance, and manufacturing, while others secure positions in federal departments such as Labor, Commerce, FDIC, IRS, State, NSA, and Federal Reserve Board. A student may also prepare to teach social studies in public secondary schools (middle/high school).

Many students complete either a dual or double major with Business Administration.  Thus, gaining understanding of the domestic and international economic environment in which firms operate, as well as applied skills in areas such as accounting, management, marketing, finance and entrepreneurship.

Other Educational Options in Economics: Dual majors with Business Administration, a Foreign Language, Mathematics, or Political Science; Pre-Legal; Teacher Certification-Secondary (middle/high school).

The Department offers five options for majors. Courses listed for these options are only minimum requirements. Students elect additional courses during the junior and senior years from this Department and others according to their interests. The Basic Major permits a maximum number of such electives.

Please see the Education section under Curriculum in this catalog for teacher certification requirements in Economics.

Please see the Dual Major section for dual majors with Business Administration, Business German, Foreign Language, Mathematics, and Political Science.

Departmental Honors

Honors students, in addition to maintaining a departmental average of 3.50, are expected to demonstrate academic leadership as evidenced by their ability to discuss economic issues and to perform research. To that end the honors students must write a senior, honors thesis (normally of four semester-hours credit).


Students majoring in Economics as a pre-law course of study are urged to include electives from one or more of the following fields in their programs.

  • Business Administration
  • English
  • History
  • Political Science and International Studies



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