Economics

Abbey Economics aims to cultivate in students a comprehensive understanding of economic theory, causal discovery, and its application across industries and contemporary issues. The department strives to develop students’ analytical reasoning, empirical testing, effective communication, and problem-solving.

The Economics faculty is committed to modeling and encouraging the development of honesty, integrity, and virtue in our students. Our hope is to provide an atmosphere of learning and study that will, in keeping with the highest values of a Catholic and Benedictine education, enable young men and women to be both successful and virtuous, and to make the world more just and prosperous. First a student of philosophy and math, pioneering Cambridge economist, Alfred Marshall, wrote that, “The increasing urgency of economic studies as a means towards human well-being grew upon me.”

At the Abbey, the study of economics addresses such central societal issues as income compensations, business and financial cycles, employment, institutions of law and commercial culture, political economy, efficiency, and growth. You will learn from published economists who have an understanding of the Global Economy and how it affects businesses and governments in the 21st century. A degree in economics prepares you for a career in finance, insurance, government agencies overseeing banking, trade, environment, and data-collection; scientific research and development, management and consulting, and state and local government. Economics majors typically secure some of the higher-paid professional careers.