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.
Department at RIT for double majors
Student-to-faculty ratio means a personalized experience
Of students in the undergraduate program engage in a hands-on capstone or research project
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
Teach for America
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
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
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.
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.
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.
A double major in economics adds a secondary area of expertise to your résumé, complementing the skills you develop in your primary major and demonstrating to employers that you are able to critically analyze problems and develop economically-sound solutions.
The economics program pairs nicely with many majors at RIT, often enabling students to complete a double major in economics within their primary program's 4-or-5 year timeframe. In fact, through utilizing the general education curriculum appropriately, a double major in economics adds few-to-no additional courses to the plan of study, depending on primary major.
While almost any program at RIT can pair with a double major in economics, below are worksheets for common combinations, as well as general information applicable to all majors.
Students in the double major have 10 economics core courses, in addition to the courses in one of the specialization tracks: Theory and Policy; Managerial Economics; or Environmental Economics. While students can select any one of the tracks, certain majors tend to gravitate towards certain tracks. For example, most engineering disciplines find the Theory and Policy track the easiest to obtain because of their extensive math requirements, whereas natural scientists will find the Environment track more helpful. Business majors would find the business track the shortest route to a double major. Computer Science majors have the additional benefit of being able to choose any of the tracks to complete without any additional time.
The economics program accepts many courses offered by other majors as satisfying the economics double major requirements. For example, if you have to take MATH 219 Multivariate Calculus for your major, it counts as satisfying one of our math requirements as well.
As the Department of Economics is in the College of Liberal Arts, any course you take with the ECON prefix will typically count towards a General Education requirement. The typical major at RIT has five required GE Electives. These options can be filled with Economics courses to satisfy the double major. RIT also requires perspective classes; economics courses can satisfy the Global and Social Perspectives. A student must also complete an immersion (typically 3 courses). Finally, a student has, generally speaking, 5 free electives. All of these electives can be satisfied by taking economics courses.
In summary, university-required general education courses that can be used to satisfy the economics double major:
5 General Education Electives
5 Free Electives
3 Immersion Classes
Global and Social Perspective Classes
The capstone requirement in economics is waived for majors which have their own capstone requirement (Senior Design, for example).
The Economics double major satisfies the immersion requirement.
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.
Here you will find additional resources for the Department of Economics, such as special opportunities for students, student organizations, and useful links.