Economics Minor

Discover your passion for the study of decision-making with a minor in Economics

The study of Economics is the study of decision-making. Economics is a method of thinking rather than a doctrine—a technique that helps the individual make decisions and draw correct conclusions in an increasingly complex world. Courses in economics include topics such as individual and firm behavior, public finance, inflation, unemployment, international trade, financial markets, poverty, wage disparity, inequality, growth and development.

Learn About Our Economics Minor

Student Experience

As a Loras student, you have the opportunity to enhance your educational experience by adding one or more minors. We encourage students to take advantage of opportunities to study abroad, engage in community outreach, explore internships and get involved in the many student and academic organizations available.

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LORAS OFFERS OVER 100 CO-CURRICULAR & INVOLVEMENT OPPORTUNITIES FOR STUDENTS

With more than 80 co-curricular opportunities, including organizations relating to academic majors, national honorary and professional societies, student and residence hall government, interest groups and recreational interests, there’s something for everyone.

Loras provides a variety of opportunities for you to get involved in the Loras Community from the moment you set foot on campus! From your first year through your senior year, we have designed programs focused on providing educational and social experiences for each student. These programs will help you develop organization, problem-solving and collaboration skills along with making your Loras experience the best time of your life.

If you can’t find a student organization that interests you, we’ll help you start up your own!

LORAS PROVIDES A STIMULATING SOCIAL CALENDAR OFFERING STUDENTS A DIVERSE ARRAY OF EVENTS

From clubs and organizations to theater productions, concerts, athletic events, musical performances, intercultural programs, spiritual opportunities, there is so much for students to choose from. Loras College provides a stimulating social climate for the campus and allows students to enjoy a diverse array of programs and entertainment.

On any given night of the week, students can enjoy a number of social opportunities. From clubs and organizations to theater productions, athletic events, musical performances, intercultural programs and spiritual opportunities, there is so much for students to choose from. In addition, the College Activities Board provides a variety of entertainment including: comedians, game shows, coffeehouses and concerts every weekend.

In addition, the College Activities Board provides a variety of entertainment including: comedians, game shows, coffeehouses and concerts every weekend.

SCHOLARSHIPS FOR ECONOMICS MAJORS

Scholarships are available exclusively for economics minors and are awarded on an annual basis.

There are several scholarships available for economics minors and are awarded on an annual basis.

  • Om Batish Scholarship in Economics
  • Reverend Edmund Kurth Memorial Scholarships in Economics
  • Professor Francis Noonan Scholarship in Accounting, Business, and Economics

Recipients must be of junior or senior status and carry a 3.0 GPA or better to be eligible.

LORAS COLLEGE ECONOMICS CLUB

The Loras College Economics Club is a student-run social and academic organization.

There are several meetings per semester where students participate in a variety of events: speakers, career planning and placement forums, papers presented by students and faculty.

Students have taken the initiative to seek out Student Senate funding for various projects and have participated in service projects throughout the Dubuque community: most notably, volunteering to work at the Dubuque Arboretum in the spring and fall semesters and for their Clean Up Campaigns.

Curriculum

View Highlighted Courses

Principles of Microeconomics
Have you ever wondered why airlines charge higher prices when you walk in off the street than if you call in advance? (or why movie theaters charge children half-price tickets when they take up a whole seat? why bars have happy hours, or senior citizen discounts, or why the government taxes cigarettes and alcohol?) This class gives insight into the market system and how it works. Students will uncover the workings of the free market system to discover how prices are determined and how other economic decisions are made.

Principles of Macroeconomics
Why is the U.S. standard of living higher than that of most other countries, and what does the standard of living depend on? What causes the unemployment rate to rise, and why do some countries suffer from inflation? What determines the exchange rate between the dollar and the Euro? These questions and more will be discussed as students learn more about the economy in which they live.

International Trade
An introduction to the theory of international trade, balance of payments behavior, the causes and consequences of public policies to control trade and foreign exchange rates, the process of international payment mechanisms and their effects on national economies.

Public Finance
The federal government spends trillions of dollars each year. What are the areas of expenditure and what would society gain or lose in each by spending more or less in each? Most of this money is raised by taxes. What is the effect of these taxes on the economy? Is there a way to make the tax and expenditure system more efficient and/or more equitable? These and other issues will be discussed, inclusive of taxes and spending at the state and local level.

History of Economic Thought
A study of the emergence of economics, the only social science to award a Nobel Prize, takes us down a fascinating road of ideas and individuals, but one filled with intellectual detours and analytical dead ends. We meet Adam Smith, the father of modern economics, who was reported to have been so lost in thought that he fell into a hole in the street as he was walking. After reading Thomas Malthus’ Essay on Population, Charles Darwin developed his main ideas contributing to The Origin of the Species.

Economics Minor Requirements

Requirements for the minor in Economics:

Req Course Cr’s
1 Principles of Microeconomics 3
2 Principles of Macroeconomics 3
3 Intermediate Microeconomic Theory 3
4 Intermediate Macroeconomic Theory 3
5 Elective: Any additional Economics course 3
6 Elective: Any additional Economics course 3
18 total required credits

Frequently Asked Questions

How long will it take me to earn my Loras degree?

Most students earn their undergraduate degree in four years or less. If you have questions about transferring any previously earned credits or degrees, please see our Transfer Student Information.

How much is tuition?

Loras is consistently ranked as one of the best universities for return on investment. See our Tuition and Fees.

Is financial aid available?

Yes! 100% of Loras students receive financial aid. Don’t forget to submit your federal FAFSA and visit loras.edu/financial-aid for more information and scholarship opportunities.