Babson Center for Global Commerce Website:

Professor Williams, Chair

Professor Mohiuddin

Associate Professor St-Pierre

Assistant Professor Theyson

Assistant Professor Elrod

Assistant Professor Pan

Assistant Professor Karadas

Lecturer Heinemann

Visiting Associate Professor S. Ford

Visiting Assistant Professor B. Ford

Visiting Instructor Miller

Visiting Instructor Schlosky

This department provides instruction for students interested in understanding economic activity: its development and operation, its problems and trends, and its public and private institutions. The program is designed to be broad in nature to meet the needs of students with various career interests. Many majors go on to graduate or professional schools in economics, business administration, and law, but also in such fields as public administration, international relations, environmental protection, health care, social work, and education.

Major in economics: The major requires a minimum of eight courses above 101 in economics. Four courses are prescribed for all majors: 301, 305, 306, and either 410 or 411. Economics 305 and 306 should be completed in the junior year and 410 or 411 during the senior year. Four electives at the 300-level or above are required. In addition, Math 101 (Calculus I) and Stat 204 (Elementary Statistics) are prerequisites for Econ 305 and should be completed during the sophomore year. Courses in Accounting do not count toward the eight-minimum-course requirement, nor do such grades count in the grade point average in the major.

To be eligible for honors in economics, the student must demonstrate distinguished performance in three areas: 1) major coursework; 2) the research seminar (Econ 410); and 3) the comprehensive examination. Distinguished performance is determined at the discretion of the economics faculty, though a minimum grade point average of 3.33 is necessary in the area of major coursework.

Written Comprehensive Examination:
All majors in this department are required to pass a written comprehensive examination. The written comprehensive consists of two sections administered over two days. The first section covers the core classes (Econ 301, 305 and 306) and an applied economic policy question. The second section covers three electives courses chosen by the student. In order to pass the written comprehensive exam, an overall grade of “C” is required.

Minor in economics:
The department of economics offers a minor in economics. Four courses are required for a minor. The minor requires two core courses (305 and 306) and two electives at the 300-level or above. In addition, Econ 101, Math 101 (Calculus I) and Stat 204 (Elementary Statistics) are also required for the economics minor and should be completed during the sophomore year. A comprehensive examination is not required for the minor. Courses in Accounting do not count toward the four-minimum-course requirement.