Professors: Marcellus Andrews, Wei Ge, Winston H. Griffith, Thomas C. Kinnaman (Chair), Janet T. Knoedler, Christopher S.P. Magee, Geoffrey E. Schneider, Nancy E. White
Associate Professors: Nina E. Banks, David Kristjanson-Gural, Gregory A. Krohn, Berhanu Nega, Matías Vernengo, Amy M. Wolaver
Assistant Professors: Erdogan Bakir, Joaquin Gomez-Minambres, Aïchatou Hassane (visiting), Paula Kazi
The study of economics, as with the other social sciences, attempts to explain various types of human behavior and the impact that society's institutions have in determining that behavior. Of particular interest are the forces that determine an economy's production, employment, distribution of income, poverty, and international economic relationships.
Economics at Bucknell is also an integral part of the liberal arts. The department's primary goal is to cultivate patterns of inquiry that produce economic literacy, independent thinking, and a commitment to lifelong learning and a socially responsible life.
A major in economics offers a background for careers in law, journalism, finance and consulting, government and international affairs, teaching, industrial relations, public service, and many others. The major also provides the essential first stage for students interested in graduate work in economics, and a solid foundation for the graduate study of business and the law.
The major in economics consists of a minimum of eight courses in economics, in addition to one semester of calculus (such as MATH 192 or MATH 201) and one semester of statistics (such as MATH 216). ECON 103 is required along with two courses in neo-classical economics (ECON 256 or ECON 259 and ECON 257) and ECON 258 Intermediate Political Economy. Students also are required to take a minimum of one economics course above the 200 level and one economics senior seminar during the final year of study. Selection of the remaining economics courses needed to fulfill the major requirement will be planned with the assistance of a departmental adviser. Students scoring a 4 or 5 on both the micro and macro AP exams are awarded credit for ECON 103. ECON 100 does not count toward the economics major.
No more than two course credits earned off campus may be used to meet the economics requirements. This restriction does not apply to transfer students; in addition, all economics courses taught by, or sponsored by Bucknell faculty members in the Bucknell en España, Bucknell en France, Bucknell in Barbados, or Bucknell in London programs will count toward the major and the minor. With the exception of these Bucknell-sponsored programs, courses taken off-campus normally may not substitute for one of the core course requirements or for one of the two 300-level courses. The department chair may allow an exception if provided with clear information about the character and quality of off-campus courses, and if these courses adequately substitute for material that would be taught on-campus.
Each academic year, the department will solicit applications from all potential majors. Criteria for acceptance to the program will emphasize academic achievement.
Students interested in pursuing postgraduate work in economics upon graduation from Bucknell are strongly encouraged to take the following mathematics courses: MATH 201 Calculus I, MATH 202 Calculus II, MATH 211 Calculus III, MATH 216 Statistics I, MATH 303 Probability, and MATH 304 Mathematical Statistics. Other mathematics courses (for example, MATH 245 Linear Algebra; MATH 212 Differential Equations) are also helpful. In addition, students preparing for graduate study in economics should strongly consider taking ECON 341 Econometrics. Please see the economics department graduate school adviser as early in your degree program as possible for additional information and guidance.
The economics major contributes the College Core Curriculum of the College of Arts and Sciences by introducing three intellectual skills required of all majors. Information literacy is covered in ECON 256 and ECON 257. In these courses, students will be introduced to microeconomic and macroeconomic data and/or information sources used to perform economic analysis. In statistics (MATH 216), a co-requisite course for the major, students will learn about statistical inference, another key component of information literacy in economics. Writing within the curriculum will be introduced in ECON 258. Students in this course will be given repeated opportunities to write about economics in a clear and cohesive manner. Finally, speaking will be introduced in the senior seminar. In each seminar, students will give a formal presentation and also will write a research paper in economics, which will require them to reference peer-reviewed scholarship.
The senior seminar serves as the Culminating Experience for the economics major. The economics major is a hierarchical major, requiring students to complete the introductory course and three intermediate theory courses. All senior seminars require these intermediate theory courses as prerequisites and serve to culminate the accumulated body of economic knowledge and experience. Some senior seminars will also build upon calculus and statistics, which are also required courses for economics majors. The Culminating Experience requirement may also be fulfilled if a student completes an Honors Thesis.
The minor in economics consists of ECON 103 plus four elective economics courses at the 200 level or above. Students in other off-campus programs may count one off-campus course toward the minor. No particular combination of courses is required and students may wish to consult individual faculty members about course selection.