The Department offers three major programs - one in economics, one in economics and business, and one in accounting. The economics and business major is currently the largest at Randolph-Macon. The attraction of this combined major is clear: The economics and business curriculum stresses the interrelationship of theory and application. As a result, students acquire specific business knowledge framed by a larger understanding of the economic forces governing society.
The Department also offers a minor in economics and a minor in accounting, as well as an emphasis in international economics and an emphasis in international economics-business.
The required courses for economics and business majors are Principles of Economics and Principles of Management (prerequisites), Microeconomics, Macroeconomics, Statistics, and Accounting.
The required courses for economics majors are Principles of Economics (prerequisite), Microeconomics, Macroeconomics, and Statistics.
The required courses for accounting majors are Principles of Economics and Principles of Management (prerequisite), Microeconomics, Accounting, Finance, and Statistics.
In addition, all majors within the Department are encouraged to enroll in mathematics, speech, and computer science courses. Personal computers are used in advanced statistics, quantitative methods, and accounting courses in the Department. The computers are accessible to students on a daily basis, and hands-on use is encouraged. Business publications are also made available to students to enable them to keep up with recent developments in economics and business.
An important part of the learning process is the opportunity to test classroom theory in real-life situations. Through internships and other field study programs, students may gain practical experience working with various businesses and government agencies. Students typically intern at banks, advertising agencies, corporations, manufacturing firms, brokerage houses, government agencies, and nonprofit organizations.
Qualified students with special interests may also enroll in independent study programs during their junior and senior years. Seniors who wish to engage in the advanced study of a particular topic may conduct a senior research project under the supervision of a faculty member.
The department strongly encourages students to pursue international study. In addition to the College's Study Abroad program, the Department teaches at least one travel course in England each January term.
Business Course OfferingsEconomics Course Offerings