Q: How do I declare an economics major?
A: Declaring a major in economics is simple. First, go to the registrar’s office at Tilghman House and obtain a Major Declaration form. Second, find a professor in the economics department with whom you have taken classes and you presumably want to interact with over the next few years, and ask him/her to be your advisor. As long as they do not have too many advisees already, they’ll likely say yes, and can help you with course selection.
Q: What courses do I need to take?
A: There are thirteen courses required to complete the major. First off, you must take and pass two courses in the Mathematics Department, Math 2 (Introductory Calculus) and Math 3 (Introductory Statistics), to help build up your quantitative skills. Within the Economics Department, you must take the two introductory courses (Econ 5: Intro to Micro and Econ 6: Intro to Macro), followed by two intermediate courses (Econ 25: Intermediate Micro and Econ 26: Intermediate Macro), and Econometrics (Econ 27). You must also take one course in the Critical and Historical Perspectives series (Econ 112, 117, 134, 136 or 129). This leaves five electives, two of which must be at the 100 level or higher. See FAQ 4. for more about these electives.
Q: Does the Economics major require the most number of courses to complete at Drew?
A: No, that is a campus myth. While 13 courses is substantial, only 11 are in the economics department itself (the other two being math courses). Several other departments, including Chemistry, have more.
Q: Should I declare a concentration within the major (i.e. Business and Finance), or should I stick to the general economics option?
A: Unless you have a strong desire to specialize in business and finance, international economics, or economic policy, we would encourage students to stick with the general major option. The general option gives more flexibility in terms of a student’s schedule and thus makes it easier to complete the major. For students that participate in the Wall Street Semester Program, however, the Business and Finance concentration is relatively easy to complete.
Q: What have economics majors at Drew gone on to do?
A: Our majors can be found on Wall Street (Citigroup, Thomson Financial, Morgan Stanley, Blackstone Group, NYSE, SEC, to name a few), but are also in other sectors, including consulting, law, sports, and government.
Q: How useful (and hard) is the senior honors thesis?
A: The honors program is immensely rewarding for those students who are driven to develop and answer an economic question, and who have the skills and motivation to push themselves over the course of an entire academic year. The ability to work one-on-one with faculty members is one of the many tangible benefits of writing a thesis. However, we discourage you writing an honors thesis if you are looking at it solely as a way to help secure a job after graduation. The honors thesis is about self-discovery, not padding a resume! That being said, the honors thesis will help you if you are considering advanced degrees.
Q: What if I want to go to graduate school?
A: You should talk to one of us as quickly as possible. The keys to getting into a good graduate school include hard work, excellent grades, and preparation. You must establish a plan with your advisor in terms of the types of courses that you should take while at Drew, as well as the timing of these courses. There exist several possible graduate avenues for economics majors: Master’s public policy programs, law school, and PhD economics programs. Again, if you are considering one of these possibilities, please come and see one of us right away so that we can help answer your questions and prepare a plan of action.