Department of Economics

Overview

The Department of Economics takes a mathematical approach to analyzing social issues and pressing problems. It emphasizes quantitative analysis, computing, and communication skills, as well as critical thinking and problem-solving. Whether you pursue the undergraduate major, minor, or immersion, you’ll gain an understanding of the forces that shape financial and social policies in the modern world, as well as learn how to predict outcomes and develop solutions to economic challenges. The department offers small class sizes, a wide variety of unique courses, and the opportunity to work one-on-one with faculty members on publishable research projects.

#1

Department at RIT for double majors

5:1

Student-to-faculty ratio means a personalized experience

100%

Of students in the undergraduate program engage in a hands-on capstone or research project

Latest News

Alumni Outcomes

Graduates from the economics degree program gain admission to a wide variety of graduate/professional programs. The programs include:

  • Boston University, Economics, Ph.D.
  • Central Michigan University, Economics, MS
  • Duke University, Economics and Computation, MS
  • George Mason University, Economics, Ph.D.
  • Johns Hopkins University, Applied Economics, MS
  • Lehigh University, Economics, MS
  • London School of Economics, International Political Economy, MS
  • Northeastern University, Economics, Ph.D.
  • Purdue, Economics, MS, Ph.D.
  • Rice University, Economics, Ph.D.
  • Syracuse University, Economics, Ph.D.
  • The Ohio State University, Economics, Ph.D.
  • University of Arizona, Economics, Ph.D.
  • University of California at Davis, Agricultural and Resource Economics, Ph.D.
  • University of California at Santa Barbara, Economics, Ph.D.
  • University of Massachusetts at Amherst, Resource Economics, MS and Ph.D.
  • University of Delaware, Economics, MA
  • University of Illinois, Agricultural and Consumer Economics, MS
  • University of Maine, Environmental and Resource Economics, MS
  • University of Wisconsin, Economics, MS
  • Boston College, School of Law
  • Boston University, MBA
  • Carnegie Mellon University, MBA
  • City University of London, Finance, MS
  • Columbia University, Master of International Affairs
  • Cornell University, Computer Science, Ph.D.
  • Duke University, Finance, MS
  • Duke University, Quantitative Management, MS
  • Lehigh University, Education, MS and Ph.D.
  • George Washington University, Law
  • Northwestern University, Analytics, MS
  • Pace University, Finance, MS
  • Pennsylvania State University, Rural Sociology, Ph.D.
  • RIT, Business Administration, MBA
  • RIT, Computer Security and Information Assurance, MS
  • RIT, Microelectronic Engineering, MS
  • University of Buffalo, School of Law
  • University of California at Davis, MBA
  • University of California at San Diego, Finance, MS
  • University of Chicago, Analytics, MS
  • University of Illinois, Statistics, MS
  • University of Iowa, School of Law
  • University of Maryland, Public Management-Environmental Policy, MS
  • University of Rochester, Finance, MS
  • University of Notre Dame, School of Law
  • University of Oregon, Architecture, M.Arch.
  • University of Virginia, School of Law
  • Vanderbilt University, Accounting, MS
  • Yale University, Chemistry, Ph.D.
  • Ally Financial
  • Altitude Capital Partners
  • American Conservatory Theater
  • Avondale Partners LLC
  • Blue Cross Blue Shield
  • Bonadio Group
  • Brigade Capital Management
  • Bright Vision Consulting Group
  • CAN Corp.
  • China Merchants Bank
  • Datto
  • Digitas
  • Ernst & Young
  • Exxon
  • Fastly
  • Fidelity Investments
  • First Niagara Bank
  • Google
  • Grant Thornton LLP
  • Hanley Wood
  • Harris Corp.
  • JP Morgan Chase
  • Key Bank
  • M & T Bank
  • Manning & Napier
  • Merrill Lynch
  • Morgan Stanley

Waste Management
 

  • California Institute of Technology, Post-Doctoral Scholar in Economics at Social Science Experimental Laboratory (SSEL)
  • Center for Governmental Research, Rochester, NY
  • Claremont Graduate University, Department of Economic Science
  • Cornell University, Dyson School of Applied Economics and Management
  • Iowa State University, Department of Economics
  • Kent State University, Department of Economics
  • Massachusetts Department of Public Utilities, Gas Division
  • NeighborWorks Rochester
  • Teach for America
  • UN Women
  • US Army
  • US Department of Commerce, Bureau of Economic Analysis
  • US Department of Energy, Office of Petroleum Reserves
  • US Department of Homeland Security
  • US Department of State, Bureau of Consular Affairs
  • US Federal Reserve Board, Washington, DC
  • US Federal Reserve Bank of Chicago
  • US Navy
  • University of Essex, Department of Economics
  • University of Massahusetts at Lowell, Department of Economics
  • University of Pennsylvania, Post-Doctoral Fellow, Wharton Risk Center
  • West Virginia University, Department of Economics

Undergraduate Programs

Students take required core courses that develop the ability to apply economic analysis to real-world problems. Three track options include managerial economics, economic theory, and policy or environmental economics. You can use free electives to pursue advanced study in individualized areas of interest with the opportunity to develop a double major. A 4+1 MBA option through Saunders College of Business is also available.

Combine math and statistics with your desire to impact policy and social issues to research, collect, and analyze information, monitor economic trends, and develop forecasts to guide industries in making critical decisions.

Learn More about Economics BS 

Minors and Immersions

The economics immersion provides a systematic analysis of economic issues through the study of the allocation of scarce resources into production and the distribution of production among the members of society. 

Learn More about Economics Immersion 

An economics minor provides a systematic analysis of economic issues through the study of the allocation of scarce resources into production and the distribution of production among the members of society.

Learn More about Economics Minor 

Published Research

Vernarelli, M. J., Boutakov, Y., Kehoe, M. (2019).  "Predicting Altruistic Behavior after Cheap Talk: Evidence from an Experiment." New York Economic Review, forthcoming.  

Sprague, C., Wagner, J. (2018). "Economic Motivations for Software Bug Bounties." Economics Bulletin 38: 550-557.

Schreck, M., Wagner, J. (2017). "Incentivizing Secondary Raw Material Markets for Sustainable Waste Management." Waste Management 67: 354-359.

Rickard, A., Wagner, J., Schull, J. (2017). "Observations on the Technology and Economics of Digital Emissions." Technology in Society 48: 28-32.

Porter, A., Batabyal, A. A. (2016). "Physical Capital Mobility, the Educational and Quality Aspects of Creative Capital, and Output Production." Regional Science Policy and Practice 8: 167-175.

Stone, J., Wagner, J. (2016). "Fairness and Efficiency in US Revolutionary War Takings and Post-War Debt Redemption." Constitutional Political Economy 27: 399-417.

Skillman, J. S., Vernarelli, M. J. (2016). "Framing Effects on Bidding Behavior in Experimental First-Price Sealed-Bid Money Auctions." Judgment and Decision Making 11: 391-400.

Donovan, P. J., Batabyal, A. A. (2015). "On Economic Growth and Investment Income Taxation in a Creative Region." International Review of Economics and Finance 38: 67-72.

Batabyal, A. A., Alao, O. (2015). "On the Sale of Package Tours to Infinitely Many Possible Types of Tourists." International Journal of Tourism Research 17: 1-3.

Kinler, K., Wagner, J. (2014). "Greenness Versus Safety in Vehicle Footprint Selection." Letters in Spatial and Resource Sciences 7: 35-45.

Usman, U., Batabyal, A. A.. (2014). "Goods Production, Learning by Doing, and Growth in a Region with Creative and Physical Capital." International Review of Economics and Finance 33: 92-99. 

Alao, O., Batabyal, A.A. (2013). "Selling Package Tours to Tourists: A Contract Theory Perspective." Annals of Tourism Research 42: 439-442.

Petre, A., Wagner, J. (2013). "Green Consumption under Misperceived Prices: An Application to Active Transportation."Southern Economic Journal 80(1): 187-204.

Pugliese, T., Wagner, J. (2011). "Competing Impure Public Goods and the Sustainability of the Theater Arts."Economics Bulletin 31(2): 1295-1303.

Longo, C., Wagner, J. (2011). "Bridging Legal and Economic Perspectives on Interstate Municipal Solid Waste Disposal in the US." Waste Management 31(1): 147-153.

Bhole, B., Ogden, S. (2010). “Group Lending and Individual Lending with Strategic Default.” Journal of Development Economics 91(2): 348-363.

Lominac, C., Batabyal, A. A. (2009). "An Approach to the Management of Orchards That Are Vulnerable to Attack by Invasive Species." Letters in Spatial and Resource Sciences 2: 123-131.

Gleeson Hanna, B., Hatch, D., Lominac, C. (2009). “Exposure to Toxic Pollution in New York State, 1998.” Economics Bulletin 29(2): 1103-1117.

Chaudhary, M. H., Batabyal, A. A. (2009). “A Stochastic Analysis of Alternate Ways of Scheduling Transport for Tourists.” Letters in Spatial and Resource Sciences 2: 67-75.

Freitas, L., Wagner, J. (2009). “The Uncertain Moral Context of Price Changes.” Ecological Economics 68(4): 1100-1105.

Gleeson Hanna, B., Garcia, A. J., (2008). “Air Pollution and Unleaded Gasoline in Mexico City.” Economics Bulletin 18(3): 1-13.

Batabyal, A. A., DeAngelo, G. J. (2008). “To Match or Not to Match: Aspects of Marital Matchmaking under Uncertainty.” Operations Research Letters 36: 94-98.

Batabyal, A. A., DeAngelo, G. J. (2008). “Average Patent Pendency and Examination Errors.” International Journal of Foresight and Innovation Policy 4: 112-128.

DeAngelo, G. J., Batabyal, A. A., Kumar, S. (2007). “An Analysis of Economic Cost Minimization and Biological Invasion Damage Control Using the AWQ Criterion.” Annals of Regional Science 41: 639-655.

DeAngelo, G. J., Batabyal, A. A., Kumar, S. (2007). “On Economic Cost Minimization versus Biological Invasion Damage Control.” In A. G. J. M. Oude Lansink (Ed.), New Approaches to the Economics of Plant Health, Springer.

Freitas, L. P., Batabyal, A. A. (2007). “A Stochastic Model of Waste Management with On and Off Site Storage.” Ecological Economics 61(1): 1-5.

Freitas, L. P., Wagner, J. (2007). “Capturing Moral Economic Context.” Economics Bulletin 4(14): 1-10.

Reid, D. M., Jimenez, A., Rahmer, P. (2006). “NAFTA, Mexico and the China Factor.” Voices of Mexico 76 (July-September):1-24.

DeAngelo, G., Wagner, J. (2005). “Characterizing Regulation and Negligence Rule Uncertainty in Solid Waste Management.” Economics Bulletin 11(1): 1-11.

Rohlin, S., Batabyal, A. A. (2005). “A Theoretical Perspective on Managed Rangelands and Irreversible States.” International Review of Economics and Finance14(4): 487-494.

DeAngelo, G., Batabyal, A. A. (2004). “A Dynamic and Stochastic Analysis of Fertilizer Use in Swidden Agriculture.” Economics Bulletin 17(3): 1-10.

Student Resources

Here you will find additional resources for the Department of Economics, such as special opportunities for students, student organizations, and useful links.

See Resources for the Department of Economics