Admissions Office
The College of St. Scholastica
1200 Kenwood Avenue
Duluth, MN 55811
(218) 723-6046
(800) 249-6412
TTY/TDD: (218) 723-6790

Rick Revoir, Ph.D.,
Department Chair
Tower Hall, Room 3144
(218) 723-6424

Applied Economics

Fast Facts: Applied Economics

  • Economics is a challenging field that provides insight into many of today's complex business problems
  •  The program allows students the flexibility to double-major and tailor curriculum to their personal interests
  • The program prepares students for management positions in diverse career fields

Program Requirements

Major: 40 core credits 
Minor: 20 core credits 


The career outlook is strong for applied economics majors. Recent graduates of the program have embarked upon careers ranging from stockbrokers to business analysts. Others have gone on to pursue graduate degrees.

Boost your brain power and give yourself a competitive edge in our global economy by pairing your major with a language. St. Scholastica offers programs and courses in American Sign Language, French, German, Latin, Ojibwe, Russian and Spanish.

Sample Curriculum

Here are some classes you could take as part of this major or minor. Please note that you would not necessarily need all of these courses to fulfill a major or minor. This list doesn't include general education courses. Be sure to create your course plan in consultation with your advisor.

Course Creation Center

Expand and Collapse Coursework

Expand and Collapse ACC 2210 - Principles of Financial Accounting

An introduction to the preparation and use of financial accounting information. Course includes preparation and analysis of financial statements and related disclosures.

Expand and Collapse ECN 2280 - Principles of Macroeconomics

Addresses "the economy" in the sense of the big picture. Topics covered include national income accounting, the determination of economic activity through consumer spending, business investment, government taxation and expenditure and foreign trade. This course also addresses the issues of fiscal and monetary policies, inflation and unemployment. Prerequisite: ECN 2230.

Expand and Collapse ECN 3330 - Managerial Economics

Focuses on how managers can use economic analysis in making decisions. Topics include the theory of consumer behavior, the theory of firm behavior, the theory of behavior under uncertainty, the application of game theory to firm behavior, empirical applications of theories and the role of experimental methods in economic analysis. Prerequisite: ECN 2230.

Expand and Collapse PSY 3331 - Statistics

Covers basic statistical concepts and methods useful in conducting research and evaluating results of studies done by others. Topics include frequency distributions and graphs, measures of central tendency and variability, transformed scores, correlations, multiple regression, hypothesis testing (t test, analysis of variance, and chi square), selection of appropriate statistics, calculation with MS Excel spreadsheets and SPSS, interpretation of the "results" sections of journal articles, and numeracy (understanding and using numbers in decision-making). Prerequisite: competence in arithmetic.

Expand and Collapse Concentrations

Expand and Collapse Financial Sector

Expand and Collapse ACC 3400 - Accounting Information Systems

Examines the theory and practice of data management and control as they relate to the design, implementation and use of accounting information systems.

Expand and Collapse FIN 3440 -

Expand and Collapse FIN 4460 - Multinational Business Finance

Factors that influence the basic decisions of the firm in an international setting.

Expand and Collapse MGT 3420 -

Expand and Collapse Information Systems

Expand and Collapse CIS 2040 -

Expand and Collapse CIS 3105 - Management Information Systems

Provides an understanding of the ways in that computer- based information systems are used in organizations. This course involves students in the process of developing and modifying information systems which support crucial problem solving and decision-making in organizations. Prerequisite: CIS 1004.

Expand and Collapse MGT 3130 - Quantitative Methods

Includes forecasting, quality assurance, project management and other mathematical models for data analysis. Software is used to solve and illustrate problems and solutions.

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  • "I have always been interested in economics, especially microeconomics, game theory and personal decision-making. They all fascinate me. Two economics professors here at St. Scholastica helped me a lot, which I really appreciate."

    – Cullen Combs, ‘14