Economics Majors and Minors

Students working at computers with faculty guidance

When you study economics or business economics in Loyola’s Sellinger School of Business and Management, you’ll gain the practical skills and knowledge needed to address society’s most pressing concerns. From poverty and access to health care to issues of equality and climate change, economics can be found at the center. As an economics major you’ll develop the analytical capabilities, quantitative skills, and technological know-how applicable in a wide range of industries and career paths.

Two Economics Majors

BBA in Business Economics B.A. in Economics
The AACSB-accredited business economics major applies the analytical and quantitative tools of economics to the study of business problems. This major will provide you with a foundation in business along with strong analytical and quantitative skills applicable to a broad range of business concerns. The economics major emphasizes the use of economic theory in the analysis of a broad range of social, moral, legal, historical, and political issues preparing you to take the lead in government and non-government organizations, financial and marketing analytics, and consulting.

A concentration in quantitative economics is available for students in both economics majors who are interested in taking their quantitative and analytical skills to the next level.

Minors in both business economics and economics are also available for all non-economics majors.

Why should you study economics at Loyola?

Career Readiness Jesuit-centered Approach Hands-on Learning
Loyola’s programs in economics provide a logical, ordered, quantitative approach to analyzing numerous problems and issues. Many Loyola economics majors have applied their training to challenging jobs as economists, financial analysts, or managers in business or government. Our values-based approach to economics stresses the application of logic and reason to the analysis of contemporary and historical aspects of human behavior, and illuminates real-world problems, helping students discover ways to effectively leverage available resources to address various social issues. See your studies in action by being part of Loyola’s nationally ranked Fed Challenge team. Through this experience, students work together to apply Federal Reserve policy to real-world economic conditions during this annual competition.

What you’ll learn

From developing an economic way of thinking to mastering the tools of the trade, graduates of the economics programs will: 

  • Demonstrate knowledge of the major concepts, historical and theoretical perspectives, and empirical findings in microeconomics and macroeconomics;
  • Apply economic principles and theories to a range of economic and social problems and issues; 
  • Understand and apply research methods in economics, including data analysis and reporting; and 
  • Use critical and creative thinking skills and hone communication skills. 

Loyola economics career paths

Loyola economics alumni are more than ready to launch careers in a wide range of positions within the world of economics—and beyond. Some job titles of recent grads include:

  • Director of E-commerce
  • Business Analyst
  • Associate Financial Advisor
  • Consultant
  • Sustainability Lead
  • Investment Banking Analyst
  • Client Solutions Associate

In addition to graduating ready to enter the field, a degree in economics or business economics can prepare you for admission to Loyola’s one-year Emerging Leaders MBA program or other competitive graduate programs and law schools. 

Recent graduate placements

  • Deloitte
  • Matrix Capital Markets Group Inc.
  • Merrill Lynch
  • Morgan Stanley
  • Northrup Grumman

Popular courses

Economics of Race and Inequality

EC 347

Examine racial inequities and discrimination from an economics perspective. Through this course, students better understand questions surrounding racial justice in the U.S. specifically regarding the labor market, the housing market, the criminal justice system, and education. Students research and develop policy solutions to a specific problem related to racism or inequality in the U.S. This course also includes student-led group discussions, museum tours, guest speakers, and opportunities for community engagement.

Applied Economic Forecasting

EC 425

Forecasts play a crucial role in the formation of economic policy and business decisions. As a result, accurate predictions of the future are critical for the public and private sector alike. This course introduces students to the techniques used by professional economists in business and government to model the complex processes generating data through time and to make real world forecasts.

Economics International Study Tour

EC 492

Demonstrates the applied economic and international aspects of classroom concepts and theories in an international setting. This course involves a classroom component and a study tour component with site visits to organizations in the Caribbean or Central America.

Explore our course catalogue for a full listing of courses, descriptions, suggested course sequences, and more:

Faculty experts

Our economics courses are taught by experts with the highest level of qualifications. Loyola faculty are teacher-scholars who are attentive to students’ ambitions and needs who have a deep personal interest in each student’s academic success. In addition, our executives in residence bring significant industry knowledge and experience to their teaching and student advising and mentorship.

Economics Department

Andrew Samuel, Ph.D.
Department Chair, Economics
Associate Professor of Economics
Sellinger Hall 327
410-617-5328
asamuel@loyola.edu

Debra Mitchell
Program Assistant
Sellinger Hall 418
410-617-2357
dmitchell4@loyola.edu

Visit the economics department page