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Economics

96%
Employment Rate
of surveyed alumni within 9 months of graduation
14:1
Ratio
Of students to faculty
100%
OF INCOMING FIRST-YEARS & TRANSFERS
Receive scholarships or grants

Understanding the economy is critical

Social and political context of our economy.

Deepen your understanding of the social, political and business world — alongside any major — with a minor in economics at Mount Mercy University. The economics minor teaches important business skills without feeling like an ordinary business program. Courses focus on explaining why and how people are motivated to work together.

A minor in economics is ideal for enhancing other majors. At Mount Mercy, business students often combine economics with a management, finance or human resource management major, finding career success in business, banking, public service and many others.

Curriculum

Designed to support the individual interests and career goals.

The fundamental, flexible skill set students gain from earning an economics minor at Mount Mercy is applicable to nearly any career. Students seeking a minor in economics can choose traditional on-campus, semester-long courses, or select online accelerated courses offered in nine, 5-week blocks throughout the year.

What courses will I take?

Economics Minor

Required:
EC 251Macroeconomics Principles3
EC 252Microeconomic Principles3
EC 366Money and Banking 23
EC 376International Economics 13
BA 270Business Statistics3
Choose Two of the Following: 6
BA 344
Investments 1
BK 321
Market Research 1
BN 364
Production & Operations Management
BN 360
Business & Society 1
BN 382
Corporate Social Responsibility
PO 111
Introduction To American Politics
PO 112
Globalization and Human Survival
PO 312
Politics of International Economic Relations
PO 326
Politics and Public Policy
PO 353
Politics and Economic Policy in the United States
Total Hours21
1

Cannot double count these courses for the management, marketing, or business majors or the finance major or minor.

2

Cannot double count for management or business majors but does double count for the finance major or minor.

Courses

EC 230 Humanistic Economics: 3 semester hours

Initially this course will focus on an elaboration of humanistic economic principles by describing an economy based on needs, material and otherwise how humanistic ideas differ from the orthodox: an economy based on wants. The remainder of the course will then explore some current attempts at outlining economic systems that are neither exclusively free market or centrally planned; these will be presented and evaluated in terms of humanistic principles.

EC 251 Macroeconomics Principles: 3 semester hours

An introduction to the study of economics along with some facts about the U.S. economic system; theoretical analysis of the determination of total output employment and price levels; use of monetary and fiscal policy weapons to influence economic activity, money and the banking system; economic growth and development; and international finance. Prerequisite: sophomore standing or First Year Honor Student.

EC 252 Microeconomic Principles: 3 semester hours

An analysis of the market system as it determines prices, output and employment of the individual products and resources, application of market theory to some current domestic economic issues and international trade. While not an absolute prerequisite, EC 251 is normally taken before EC 252. Prerequisite: sophomore standing or First Year Honor Student.

EC 366 Money and Banking: 3 semester hours

A study of the nature of money, role of banks and the central bank in the economy, central bank control of the supply of money, effect of money on the economy, Monetarist vs. Keynesian views on monetary and fiscal policies, and the role of money in international finance. This course will emphasize financial markets and monetary policy, not bank operation and management. Prerequisites: EC 251 and EC 252. Offered fall semesters.

EC 376 International Economics: 3 semester hours

The course offers an introduction to the theory and practice of international trade and finance. It will evaluate the principle of comparative advantage of nations. Students will learn about International Trade Barriers, Trade Zones (such as NAFTA and the EU). Trade Agreements, The Balance of Payment and The Balance of Trade. The course will discuss the U.S. trade policy in light of the Free Trade VS Protectionism argument. The role of international trade institutions such as the IMF, WTO and foreign exchange markets will be evaluated. The course will discuss globalization and its impacts on Labor markets, Income Distribution, The Environment, and consumers, in the U.S. and abroad. Prerequisite: EC 251. Offered spring semesters.

EC 445 Independent Study: 3 semester hours

The student will select a topic of interest for in-depth, individual study or research under the instructor's supervision. Prerequisites: EC 251 and EC 252, junior standing and consent of the instructor.

Mount Mercy alumna Megan Atkin

Every class is connected to real life examples that allow for a more in-depth experience in the classroom.

Rob Kandl '23

Rob Kandl '23

Marketing, Economics

MMU Plus provided Rob Kandl ’23 with a deeper look into what marketing is like outside the classroom.

Read more
LeAnn Ridgeway '86

LeAnn Ridgeway '86

Business, Economics

Utilizing Mount Mercy University’s critical concerns and values has led LeAnn to becoming Collins’ first ever Chief of Sustainability.

Read more
Alexis Costello '19, '20 MBA

Alexis Costello '19, '20 MBA

Human Resources

Through hard work and planning ahead, Alexis Costello was able to graduate early with her undergraduate degree while taking graduate classes.

Read more
Goar Kempf-Heitlinger '17

Goar Kempf-Heitlinger '17

Finance & International Management

One connection changed Goar Kempf-Heitlinger's career as he became MMU's first international student to attain a paid internship.

Read more

What are the next steps?

Mount Mercy offers competitive tuition and generous scholarships.

We also encourage all students to apply for federal, state, and other kinds of financial assistance.

Learn more about:

We make it easy by accepting applications year-round! No deadline, no fee, no pressure.

  1. Create your application
  2. Apply under standard admissions criteria or go "test optional"
  3. Request official transcripts from all institutions previously attended. Mail to:

* Mount Mercy University Admissions
  1330 Elmhurst Drive NE
  Cedar Rapids, Iowa 52402

* If you are applying for an accelerated program, please mail to "Accelerated Programs"

For more detailed instructions on how to apply, see our Admissions page.

Careers in economics

Understand how the world works together.

Many Mount Mercy students add value to their education by taking economics courses alongside our other programs. The economics program teaches the concepts, theory and practices that form the financial market’s foundation.

Common career choices for those studying economics include:

  • Business Analysis
  • Economics
  • Operations Management
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