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Economics Undergraduate Programs
at Covenant College
The department offers an undergraduate major and a minor in economics, both of which lay a strong theoretical and analytical foundation for understanding the manner in which resources are allocated in the local, national, and global economy. Students pursuing the economics major or minor are well prepared for graduate study in a range of disciplines and for careers in government, international agencies, non-government organizations, and the corporate sector.
Features of the Major
- Theory - The major is grounded in a solid foundation of economic theory in both microeconomics and macroeconomics. The foundations and implications of these theories are compared with those of alternative economic perspectives and are examined in light of biblical teaching and the reformed tradition. The major includes a comprehensive foundation based upon scripture and theological teachings of the church and contemporary Christian economic thinkers. Upper-level courses will extend these foundations to specific areas.
- Research - The major includes an emphasis on empirical research as well. The specific skills for empirical research will be developed and critically examined in a course sequence of statistics and econometrics. The major discusses theory of empirical research and the appropriate application of econometric analysis. It also contains a strong focus on the relationship between theory, modeling and empirical testing. This relationship is introduced throughout the program to help students understand the appropriate usage of each.
- Perspective on Culture - The discipline of economics studies the stewardship of resources at multiple levels including individuals, household, firms, nations and interactions between nations. This provides numerous unique insights regarding culture and mankind’s interaction with creation. While there are some points of overlap with disciplines such as business and sociology, the study of economics provides unique perspectives on a host of issues.
Growth in Demand
The National Association of Colleges and Employers (NACE) listed economics as one of the five hottest majors in its 2006 report. The Wall Street Journal also reported the growing interest in majoring in economics in 2005. The July/August 2007 issue of The American also reported the growth of interest in economics compared to computer science degrees. The high level of nationwide interest in economics reflects a high demand for economics majors in numerous fields including business, finance, non-profit organizations and government as reported in the NACE 2006 report. Economics is also considered an excellent undergraduate degree for both graduate-level business school and law school.
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