Economics

Learn how people choose to allocate resources, respond to incentives and make decisions.

Program overview

The study of economics explores the relationship between economic systems, individual liberty, government institutions, political rules, and social values such as democracy, equality and freedom.

Our program prepares students for active, effective roles of citizenship, service and leadership.

Economics fosters the discovery of connections among disciplines and of larger patterns of meaning. Our courses serve as a powerful foundation for a lifetime of personal and professional growth in a wide variety of fields, including business, finance, law and government.

We give students the tools to analyze real world issues

Our program is focused on analyzing resource and product allocation issues based on an assumption of rational behavior — the assumption that most people will select alternatives that benefit them. We want our students to develop strong critical-thinking skills, and we specifically focus on the use of economic analysis in business and public policy decision-making.

Particular emphasis is placed on analyzing how social institutions shape behavior, how those same institutions were shaped by the behavior of individuals in the past, and how they continue to evolve in response to the choices of individuals. 

Economics News

  • Men?s lacrosse coach Chris Klaiber.

    Episode 30: May 7, 2021

    Meet award-winning students Emily Krueger ’21, Larissa Pothoven ’24 and Samuel Stoyanoff ’24; the Voice of Fighting Scots Athletics Nate Baliva gives an update of spring sports; and coach Chris Klaiber (pictured) on the historic win by men’s lacrosse.
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  • Economic Forecast

    Emeritus professor Ken McMillan tells Monmouth Rotarians ‘the economy is basically sound’
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  • A Memorable First Year

    Top scholars in the Class of 2024 reflect on a different kind of first year.

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  • Athletics

    FIGHT ALONGSIDE THEFIGHTING SCOTS.

  • Educational Garden & Farm

    Experiencing lifeFrom seed to table.