Economics

Professors Claycombe, Milstein, J. Olsh (Department Chair), and Seidel; Associate Professor McIntyre; Assistant Professor Routzahn; Senior Lecturer Carter; Lecturer 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 and finance; Professor Carter: marketing and management, Professor Lavin: accounting, finance, ethics and business.

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).

The dual or double major of Economics and Business Administration combines the advantages of both theoretical and applied disciplines.

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).

PRE-LAW PREPARATION

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