The economics and business studies majors are tailored to each student’s interests, while still maintaining a level of academic rigor that helps graduates to be competitive in their careers and advanced study.
The economics major includes traditional introductory and intermediate microeconomics and macroeconomics courses, along with quantitative classes such as statistics and econometrics. But students are also required to take “critical perspectives” courses that challenge traditional assumptions found in both economic models and society. Students choose from a variety of elective courses that help them understand current challenges faced by policymakers, companies, and organizations, such as the economics of health care, money and banking, environmental economics, and economics of labor markets. Learn more >
The business studies program is grounded in an interdisciplinary approach, including classes in business ethics and sociology of work. Courses in management and corporate finance instill solid business critical thinking paradigms, while also emphasizing group collaboration and presentation skills. Academic internships provide experience and perspectives that enhance both coursework and career opportunities. Learn more >
Putting Theory into Practice
Drew offers numerous experiential opportunities for economics and business studies majors to help link classroom learning with the realities of business and financial life.
Wall Street Program
Now in its fifteenth year, students spend two days each week in New York City during this semester-long immersion in the financial markets. Mornings are spent in classes, led by corporate executives, government officials, economists and others, about the structural, historical and theoretical aspects of financial markets. Afternoons include travel to financial organizations throughout the city, ranging from the New York Stock Exchange (where students are linked with floor traders during trading hours) and Morgan Stanley, to the Federal Reserve Bank of New York and Moody’s Investors Services. Graduates of the program have gone on to land jobs at JP Morgan Chase, the SEC, Goldman Sachs, UBS, and S&P, among many other leading firms and agencies. Learn more >
Drew offers short-term international programs, in conjunction with select economics and business courses, which bring to life topics covered during the term. For example, students in the Global Financial Markets course participated in a three-week trip to London and Dublin where they met with experts at British and Irish financial firms and institutions. Other short-term programs have travelled to Dubai, Reykjavik, and Beijing. This year, a three-week trip to Brussels and London will explore European integration issues and the current debt crisis. Learn more >
Beyond the Classroom
Throughout the academic year, Drew sponsors events that augment regular coursework and foster a deeper understanding of the issues and challenges faced by businesses.
The annual Business Leadership Conference brings together small groups of alumni and faculty experts with students to discuss such topical issues as entrepreneurship and health care. During the Business Idol competition, students pitch business proposals to a panel of judges, which have included executives at BMW of North America, BNY Mellon, and Wells Fargo. Learn more >
Drew alumni working in New York, New Jersey and throughout the tri-state region frequently return to campus to share their career advice and insights with current students during networking events.
Drew’s Economic and Business Society (DEBS), a student-led campus group, brings speakers to campus, organizes trips to institutions in New York City, maintains the department’s social media, and instills a sense of community within the department.
You can look for these new programs over the coming year:
- Drew Investing Group (“The Fund”). Real money. Students in charge of strategy and trade executions. This coming academic year, the student-run group will pitch stock ideas and presents the fund’s annual performance and lessons to Drew’s Board of Trustees at the end of the year. Every group member will have a role, from marketing, to economic forecasts, to industry research. We cannot think of a better way to help students interested in a career in finance to prepare for their post-graduate careers.
- Experimental Economics (ECON 254) is a new course, being offered in the fall semester of 2014 by Professor Giandomenico Sarolli, that looks at behavioral economics. The course has two main objectives: 1) examines theories and evidence related to the psychology of economic decision making, 2) Introduces methods of experimental economics, and explores major subject areas (including those not falling within behavioral economics) that have been addressed through laboratory experiments. Focuses on series of experiments that build on one another in an effort to test between competing theoretical frameworks, with the objects of improving the explanatory and predictive performance of standard models, and of providing a foundation for more reliable normative analyses of policy issues.
- Business Strategy and Marketing is a new course, being offered in the spring semester of 2014, that takes a critical look at the dynamic role of marketing in responding to and creating consumer preferences and the larger culture.
- During spring break 2014, students in the Management course will accompany economics and business studies faculty to Japan to compare and contrast U.S. and Japanese corporate cultures and management styles. Students will visit with managers at Japanese companies and production plants in Tokyo, as well as travel to Japan’s former imperial capital, Kyoto, by bullet train.
Please feel free to contact me directly if you have any questions about being an economics and business studies student at Drew.
Chair of Economics and Business Studies