The Emmanuel College Curriculum Committee and President Sr. Janet Eisner, SND recently approved the reinstatement of the economics major to the Department of Business + Economics. The economics major joins the economics minor, as well as accounting and management majors and minors in the department. Students will be able to declare the economics major beginning with the Fall 2016 semester.
In their proposal to the Committee, Assistant Professors of Economics Rebecca Moryl and Shuyi Jiang cited both current and prospective student interest, the field's integrality to a liberal arts curriculum and the projected employment growth for economists as primary considerations for the major's return. Dr. Moryl also noted that a major in economics "excels at preparing students to think critically about their world and to apply both qualitative and quantitative analytical skills."
"Studying economics prepares students for a career in a wide variety of fields, particularly those where research, analysis and interpretation are valued," Dr. Moryl said. "Economics majors are in high demand for their ability to identify patterns and linkages, understand how individual actions contribute to broader trends, and to draw data-based conclusions. Within the Business + Economics Department, we put a particular focus on developing the written and verbal communications skills that make our students stand out."
The reinstated major, which was last offered in the 1994-1995 academic catalog, consists of eight required courses and three electives, for a total of 11 required courses - the same number of total courses as well as the same required courses as when the major was previously offered. Two of the required courses (Intermediate Macroeconomics and Intermediate Microeconomics) are offered at Simmons College, allowing Emmanuel students to cross register and leverage one of the unique benefits of attending a Colleges of the Fenway institution.
The department is also offering two new courses in economics, which can be taken as one of the three electives - ECON 2203: An Economic View of the World will be offered for the first time in spring 2016, and ECON 2205: Urban Economics will be offered in spring 2017.
In previous years, Emmanuel students interested in the field have worked with their faculty and academic advisors to create an economics major within the College's Individualized Major program. Currently, 10 students have declared an individualized major in economics, and seven students have graduated with an individualized major related to economics. Students enrolled in these academic programs have interned at employers such as Merrill Lynch, State Street, JP Morgan, Massachusetts Institute of Technology and Harvard University research laboratories, Commonwealth Financial Group, the Massachusetts Export Center, the Massachusetts Office of International Trade and Investment and the City of Boston Office of Financial Empowerment. In addition, 30 current students have declared the existing minor in economics.
The Bureau of Labor Statistics reports a projected growth in employment for economists of 14 percent over the period 2012-2022. A major in economics also ranks in the top 20 majors by salary potential. For more information on the variety of career opportunities available to economics majors, check out this video produced by the American Economic Association, of which Drs. Moryl and Jiang are both members.