Department of Economics
Roosevelt University delivers excellence in both the B.A. and M.A. degree programs in economics.
At Roosevelt economics goes beyond the curriculum that is currently being taught at universities around the world. It presents and challenges students with radically different economic perspectives and alternative schools of thought. Roosevelt is one of the few universities in the United States where students can study economics from green, Institutionalist, Post Keynesian, anarchistic, rhetorical, Marxist, and other points of view, while gaining technical proficiency in conventional Neoclassical and Neo-Keynesian methods. Our faculty are drawn to the study of economics by a commitment to social justice. Economics students are prepared to be socially conscious citizens and leaders in their professions, whether in business, public service, research, teaching or other careers.
The undergraduate major in Economics was one of the first majors offered at Roosevelt University. Lester Telser (B.A., 1951), Emeritus Professor of Economics at the University of Chicago, is a shining example of the value of a Roosevelt economics degree. Roosevelt's distinguished graduates are now pursuing successful careers at the Federal Reserve Bank, and in business, law, government, labor, and education. The undergraduate major aims at providing students with a solid understanding of contemporary economics from both traditional and non-traditional points of view.
Course offerings regularly include topics addressed to the theory of the market order, the business cycle, social policy, immigration, international trade and development, the economic lives of women, contemporary labor problems, the economics of the public sector, the economics of money and banking, and economic statistics.
A minimum of 33 semester hours in economics with grades of C or higher are required. At least twelve semester hours in must be completed at Roosevelt. The 33 semester hours must include:
- Economics 101, 102, and 234
Core courses in basic Economics and statistics (Math 110 or higher is a prerequisite for Economics 234).
- Economics 210 (also listed as Finance 301)
A basic course on money, banking, and the financial system.
- Economics 321 and 323
Courses in intermediate micro and macro economics that explore topics such as theories of markets, employment, inflation, and the business cycle.
- Four electives in Economics
Electives are regularly offered in labor economics, the economics of the public sector, the history of economic thought, the economics of the minority experience, money and banking, econometrics and statistics, mathematical economics, industrial organization, international trade and finance, economic development, and comparative economic systems.
- Capstone experience in the form of a course or internship.
Nationwide, economics graduates continue to be well paid and in demand. The American Economics Association maintains a clearinghouse of job opportunities for economists (MA and PhD). You can also view the United States Bureau of Labor Statistics report on the economics profession in its Occupational Handbook.
The skills acquired in studying economics are applicable to a wide variety of job responsibilities and many occupations. Roosevelt economics graduates have pursued careers in teaching, urban planning, statistical analysis, the law, labor research, financial analysis, and journalism, among others.
The Economics Department also coordinates the program in Social Justice Studies. The Bachelor's Degree program in Social Justice Studies is an interdisciplinary program that integrates theories, methods, and substance of economics, history, political science and sociology as they bear on questions of social justice. What is social justice? What are the processes that produce injustice in our world and how do they operate? How are people working - or how might people work - to achieve social justice.