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2021-2022 Catalog


Department Head

Professor Stifel

Professor Smith (Assistant Head)


Economics is the branch of social sciences that studies how societies allocate scarce resources among competing ends. The core of the economics curriculum at Lafayette emphasizes macroeconomic and microeconomic theory, econometric analysis, accounting and finance. Upper-level electives cover a wide range of fields within economics, including applied economics, development and international economics, political economy and public policy. In addition, the curriculum also features courses in accounting, finance, and marketing.

All economic majors will have the opportunity to learn and apply econometric software. Special opportunities within the department include research with faculty, internships, opportunities to engage in student-centered learning, and the Lafayette Student Investment Research Fund.

The requirements for a major in economics are Econ 101, 251, 252 and 253, five economics electives (at least three of which must be at the 300 level), and a capstone requirement. Students are also required to complete either Math 141 or Math 161 as well as Math 186.

Students who intend to major in economics are encouraged to complete Economics 101, 251, 252 and 253 by the end of their sophomore year. This will require completion of Math 141 or Math 161 as well as Math 186. Normally, students are not expected to take Economics 251, 252 or 253 in their first year of study. Students who would like to take additional economics courses in their first year are encouraged to take one of the department's 200-level electives. Note that students can only count two 200-level electives towards a major in economics. 

Economics Courses