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The College of St. Scholastica

St. Scholastica offers a minor in applied economics that will allow you to explore the issues that interest you the most. With our small class sizes, you’ll be able to take part in engaging, meaningful classroom discussions about fascinating concepts within economics. Our faculty members’ academic credentials are backed by their solid experience from the business world.

Work closely with your faculty advisor to build a plan that will stimulate your curiosity and give you a head start on your career. Here are just a few of the courses you could choose from:

  • Principles of Microeconomics
  • Principles of Macroeconomics
  • Managerial Economics
  • Contemporary Healthcare Economic Systems

An applied economics minor at St. Scholastica will prepare you for management positions in a diverse array of career fields.

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Benedictine Scholarship

All new first-year applicants to St. Scholastica will be awarded either the Benedictine Scholarship or the Access Award, upon admission to the College.

Financial Aid

100% of traditional incoming undergraduates receive some type of financial aid. The average for scholarships, grants and/or loans is $31,841.

Degree Details

Tuition

Are You Looking for a Face-to-Face (on-campus) Experience?

St. Scholastica’s longstanding commitment to inclusivity and generous financial aid packages make our world-class educational programs accessible to students from any background.

Curriculum

Program Requirements

Minor: 20 core credits

Courses

Here are some classes you could take as part of this minor. Be sure to create your course plan in consultation with your advisor.

Coursework

ECN 2230 – Principles of Microeconomics

Focuses on how economists explain the behavior of individuals, how markets direct activities and the policy implications that flow from economic analysis. Emphasis is less on the development of theories and more on the application of theories. Course examines how developments in other fields, most notably evolutionary psychology, have affected microeconomics.

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.

ECN 3322 – Medieval European Economic History

Focuses on the forces that contributed to the rise of the Western capitalistic system from a backwater faced with the threat of chronic famine in 900 A.D. to its current position of world dominance. Course highlights the creation of the economic and social institutions that make up life and demonstrates the fact that the past can serve as a mirror to the present.

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.

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.

ECN 3335 – Contemporary Healthcare Economic Systems

Examines the economics of health care and healthcare reform. Topics include economic determinants of health, the markets for medical care, insurance markets, the managed care revolution and the role of government in healthcare. Special attention is given to current issues in healthcare reform.

ECN 4430 – Current Economic Issues

Examines a variety of macro- and microeconomics topics currently being debated in the nation. Recent topics have included protectionism vs. free trade, the effectiveness of gun control, the wisdom of public subsidies of sports stadiums and welfare reform. Emphasis is on applying standard economic methodology to real-world issues.

ECN 4445 – International Economics

Examines evolution of economic theories and policies relating to international trade and finance. Issues such as trade deficits, protectionism, economic unification, state-determined capitalism and international institutions are explored. Emphasis is on current international economic developments. Prerequisite: ECN 2280.

Concentrations

Financial Sector

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.

FIN 4460 – Multinational Business Finance

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

Meet Our Faculty

Experienced, Dedicated and Distinguished Educators

Expect to be heard, to be challenged and to be involved. St. Scholastica faculty are world-class scholars and experts in their field who bring their deep experience to online and on-campus classrooms. Our values of community, respect, stewardship and love of learning reflect our faculty’s commitment to lifting up others and celebrating our common humanity.