Richmond Home

Fact Sheet

Goals for Economics Students

  • Each student shall understand fundamental economic theory.
  • Each student shall comprehend how economic models are formulated and tested.
  • Each student shall gain an understanding of economic institutions and be able to put them in sociological, economic, and political contexts.

Department Emphases

An economics student will master the analytical tools necessary to evaluate personal choices, private business decisions, and government policies. The diversity of our course work can teach students to:

  • Recognize the influences of taxes and government spending on the economy.
  • Measure movements in interest rates.
  • Understand policies made by the Federal Reserve.
  • Determine the value of international currencies.
  • Interpret the influence of events in other parts of the world on the United States' economy.
  • Evaluate the effect of legal structures on economic efficiency.

Students may pursue an economics major from within the School of Arts and Sciences or the Robins School of Business. Liberal arts students earn a Bachelor of Arts degree; business students earn a Bachelor of Science in Business Administration with a major in economics.

Upper-level elective courses are offered in many areas, including macro economics, environmental economics, international economics, economic history, public policy, labor, and quantitative economics.

Options in the Study of Economics

There are various options available to the liberal arts student or the business student.

Major
Students may major in economics by completing a required number of units of coursework in the department. Requirements for the major include: Principles of Microeconomics, Principles of Macroeconomics, Microeconomic Theory, Macroeconomic Theory, Introductory Econometrics, the Senior Economics Capstone Seminar, and four additional economics courses chosen by the student.

Mathematical Economics Major
Arts and Sciences students may choose a combined Mathematical Economics major. Economics department requirements for the major include: Principles of Microeconomics, Principles of Macroeconomics, Microeconomic Theory, Macroeconomic Theory, Introductory Econometrics, Mathematical Economics, and additional electives chosen from 300-level Economics courses. In addition, a number of mathematics courses are required.

Minor
Arts and Sciences students may also minor in economics. Requirements for the minor include: Principles of Microeconomics, Principles of Macroeconomics, Microeconomic Theory, Macroeconomic Theory, and two additional economics courses chosen by the student.

Concentration
Business school students majoring in business administration may choose an economics concentration by choosing four Economics courses. Liberal arts students majoring in international studies may pursue a concentration in international economics.

The Learning Environment

Each major is assigned to a faculty advisor within the economics department. The advisor will help the student arrange a schedule of coursework and advise students about degree.

To promote interaction with the professor, upper level class sizes are limited to 25 students. Professors also maintain office hours that are convenient for students. If problems arise, students are encouraged to visit the professor's office and seek additional help.

Sample list of graduate schools accepting recent economics graduates:

Duke University
Emory University
Georgetown University
Johns Hopkins University
Miami University
Stanford University
University of Alabama
University of Chicago
University of Georgia
University of Rochester
University of Texas
University of Virginia

Sample list of companies hiring recent economics graduates:

Bain & Co.
Barclays
BB&T Corporation
Berkeley Research Group
Bloomberg
Capital One
Citigroup
Deloitte Consulting
Ernst & Young Consulting
Federal Reserve Bank of Richmond
Federal Reserve Board of Governors
First Annapolis Consulting
Goldman Sachs
Harris Williams & Co.
HSBC
KPMG
KBW
MeadWestvaco
Oppenheimer & Co., Inc.
Teach for America
UBS
Wells Fargo

Undergraduate Economics

Robins School of Business
1 Gateway Road
University of Richmond, VA 23173

Department Chair
Dean Croushore, Ph.D.
Q365
(804) 287-1961
dcrousho@richmond.edu 

Department Coordinator
Tricia Fanney
RSB 303
(804) 289-8587
pfanney@richmond.edu