Economics

THE SCHOOL OF BUSINESS

Professors Burke, Langenderfer, York and Yu; Associate Professor Delise; Assistant Professors Choi, Kolomeitsev, Masier, Routh and Wilder; Instructors Altman and Johnson

The School of Business is accredited by the Association to Advance Collegiate Schools of Business (AACSB), the hallmark of excellence in business education. Fewer than one-third of U.S. business school programs and just 5% worldwide meet the rigorous standards of AACSB International accreditation. Meredith is one of only two women’s colleges in the world to have earned this distinction.

The School of Business offers the following degree options:

  • Bachelor of Science (B.S.) with a major in Business Administration
  • Bachelor of Science (B.S.) with a major in Business Administration, concentration in Accounting
  • Bachelor of Science (B.S.) with a major in Business Administration, concentration in Human Resource Management
  • Bachelor of Science (B.S.) with a major in Business Administration, concentration in Marketing
  • Bachelor of Arts (B.A.) with a major in Economics
  • Master of Business Administration (MBA)
  • B.S./M.B.A. option for Business Administration

The School of Business builds upon Meredith’s strong liberal arts foundation by helping our students prepare for fulfilling and productive careers. Through a comprehensive business curriculum, meaningful faculty-student interaction, and active participation in co-curricular learning experiences, our students have a tremendous competitive edge when entering the job market. We have a required internship program that places our students with companies such as Credit Suisse, Lenovo, Universal Music, McKinney Burkhead & Winslow (ad agency), Lincoln Financial/Sagemark Consulting, local radio and TV stations, and various non-profit organizations. Graduates of the Business School leave with the knowledge and skills to excel in professional positions.

The School of Business provides a number of other learning experiences through an executive lecture series, corporate partnerships, and interactions with the business community. Students are also able to make professional connections with the business community by participating in the Accounting and Finance Association, the Society for Human Resource Management, Phi Beta Lambda business society and Broyhill Scholars. Students with excellent academic performance are eligible to join two international honors societies: Omicron Delta Epsilon recognizes outstanding scholastic achievements in economics. Beta Gamma Sigma honors academic achievement in the study of business. It provides the highest recognition a business or accounting student may achieve in a baccalaureate or graduate program at a school accredited by AACSB International.

Mission Statement
Our mission is to provide an engaging learning experience for women at the undergraduate level and both women and men at the graduate level. Our programs develop confident leaders skilled in communication, teamwork, and ethical decision making. Students are challenged to utilize their strengths and to identify development opportunities that prepare them for successful careers. Excellent teaching is complemented by strong faculty-student relationships, active scholarship, and service to the College and North Carolina.

Student Learning Outcomes of the Economics Major
Upon completion of the Bachelor of Arts degree (Economics major), students will:

  • apply critical thinking skills using economic analysis
  • demonstrate effective communication in oral and written form
  • apply quantitative reasoning skills to solve economic problems

Career Directions
Students who major in Economics may choose to complete minors in Accounting, Business Administration, Entrepreneurship and Family Business, Finance, Human Resource Management or Marketing. Students may also double major in Business Administration and Economics. The completion of a concentration or minor helps to further refine a student’s career goals, as listed below:

  • Accounting—for positions in public accounting, internal auditing, management accounting, financial analysis, cash management and tax planning;
  • Economics—for positions involving policy analysis, research and analytical skills in a variety of industries;
  • Entrepreneurship and Family Business – for positions in a family business or starting your own business;
  • Finance—for positions in banking and other financial institutions, in wealth advising, or in positions involving planning and budgeting;
  • Human Resource Management—for positions such as Benefits Administrator, Compensation Analyst, HR Generalist, Employee Relations Specialist or Recruiter;
  • Marketing—for positions involving direct selling, social media marketing, marketing research, advertising or market planning and communications.

Additional courses in business and economics are available through the Cooperating Raleigh Colleges.

Students who wish advanced study and research in business and economics should consult with the department head and arrange for it through the special studies options.

Students transferring in credits may not transfer in more than 50% of the credits for the major requirements in the School of Business.

The School of Business also awards the Master of Business Administration. Details of the MBA program are available on the Business School website.

The School of Business offers a 5-year accelerated MBA. Any student wishing to complete the 4+1 accelerated program needs to be admitted to Meredith College. General guidelines for eligibility of this program would be a 3.5 or greater GPA at Meredith. Please see the MBA Director for full details and eligibility requirements.

Majors in the School of Business All students majoring in Business Administration or Economics must complete at least 50% of the credit hours for that major at Meredith. Students may take more than one concentration within the Business Administration major

Courses

ECO-100: Principles of Macroeconomics

The fundamentals of economic analysis on a national level with an emphasis on the interconnected global economy. Topics include: economic growth, the business cycle, unemployment, the price system, monetary and fiscal policy, international trade and finance, and the impact of international events and policies on the domestic economy.

ECO-101: Principles of Microeconomics

A study of market structures, profit maximization, consumer demand, resource demand and pricing, resource allocation, and consumer responsiveness to price changes.

ECO-188: Special Topics in Economics

Special topics course offered in response to student and faculty interest.

Required Prerequisites

Prerequisites vary with topic studied.

ECO-274: Personal Finance

An analysis of consumer decision making in the marketplace; government protection for the consumer; consumer credit institutions; insurance, investments, management of personal finances, retirement and estate planning.

ECO-288: Special Topics in Economics

Special topics course offered in response to student and faculty interest.

Required Prerequisites

Prerequisites vary with topic studied.

ECO-301: Intermediate Microeconomics

A continuation of study begun in ECO-101, this course proceeds to intermediate-level analysis of markets for goods and services, consumer behavior, price and product choices by business, markets for labor and other resources, and the various ways that the structure of markets affects the welfare of society. 

Required Prerequisites

ECO-302: Intermediate Macroeconomics

A continuation of study begun in ECO-100, this course proceeds to intermediate level analysis of national income and employment determination, theories of economic growth and fluctuation, techniques and problems of monetary and fiscal policies to achieve macroeconomic goals of full employment, price stability, economic growth, and balance of payment equilibrium, and international issues. 

Required Prerequisites

ECO-311: Environmental Economics

The microeconomic analysis of society's pursuit of sustainable environmental outcomes, using both the private (market) tools and public (government) policies. Market solutions are often inefficient with respect to the natural environment, and this course examines the ways that governments may enhance both the efficiency and equity with which environmental/ecological resources are utilized. Attention is given to topics such as global climate change, acid rain, ozone, wilderness preservation wetlands, biodiversity, and water quality. Topics also include Natural Resource management, in particular, forestry and ocean fisheries. An examination on "best practices" in management of natural resources and the ways governments can improve outcomes for present and future generations using tools such as effluent taxes, benefit-cost analysis, camp-and-trade policies, public ownership of resources best technology requirements, and input taxes.

Required Prerequisites

ECO-101 or permission of instructor
Highly Recommended Prerequisites: ECO-100 and a course in statistics

ECO-312: Money and Banking

A study of contemporary monetary theory and policy, including an examination of the value and purchasing power of money; the role of commercial banks; the central banking system and its monetary controls; and the relationship among prices, production, employment, and economic growth. 

Required Prerequisites

ECO-320: Gender and the Economy

An examination of the economic consequences of the shift of women into the labor force and the changing roles of men and women.

Required Prerequisites

ECO-101
Not open to Freshmen. 

ECO-323: Health Economics and Policy

This course applies the tools of economic analysis to the health care services industry. Issues to be studied include demand and supply for medical care, health insurance markets, government health care programs, medical malpractice, competition versus regulation, and national health care reform. 

Required Prerequisites

ECO-101 or permission of instructor.

ECO-388: Special Topics in Economics

Special topics course offered in response to student and faculty interest.

Required Prerequisites

Prerequisites vary with topic studied.

ECO-480: Economics Internship

Supervised experience in business, nonprofits, or governmental institutions where work is related to economic analysis. Pass/Fail grading only. 

Required Prerequisites

12 credit hours in Economics and a minimum of 2.00 GPA.
Economics majors only.

Required Corequisites

May not be taken simultaneously with either COE-302, COE-403 or any other internship course in the School of Business curriculum.

ECO-485: Economics Experiential Learning

Work at least 120 hours in an organization where the student gains professional knowledge and skills related to economics. Students are advised to seek approval of employment plans before starting work. After the experiential learning is completed, students must submit documentation of the experience. 

Required Prerequisites

Open only to Economics majors.

ECO-488: Special Topics in Economics

Special topics course offered in response to student and faculty interest.

Required Prerequisites

Prerequisites vary with topic studied.

ECO-498: Honors Thesis in Economics

Joint participation by students and faculty in the discovery, examination, and analysis of knowledge in economics. The project must meet Honors Program thesis requirements as well as expectations of economics faculty.

Required Prerequisites

Senior Standing Economics majors in the Honors and/or Teaching Fellows Programs only.

ECO-499: Research in Economics

Joint participation by students and faculty in the discovery, examination and analysis of knowledge in economics. May be repeated for credit for a maximum of six credit hours.

Required Prerequisites

Juniors and Seniors with a declared Economics major, minor, or concentration.