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,
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.