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Economics

Overview of the Program

The study of economics at Hood College emphasizes educating students to become informed global citizens. Working toward this objective, students are provided a strong grounding in economic theory, in empirical research techniques and with opportunities to work with faculty on public policy research projects. Recent graduates have worked with faculty on studies of immigration and labor wages, exchange pass-through effects in the U.S. manufacturing sector, the living wage study of Frederick County, the economic impact analysis of the business community on employment in Frederick County, the impact of corruption on economic growth and on the effectiveness of industrial policy in Malaysia.

The department provides multiple opportunities for students to actively engage with policy makers and analysts working on particularly pressing public policy problems. This happens when economists at the Urban Institute are invited to give a lecture or a seminar on welfare reform in the U.S. It happens when environmental economists are invited to meet with a small group of economics and environmental policy majors on the role of public disclosure in pollution management. And it happens when representatives from Bread for the World meet on campus with economists from International Monetary Fund to talk about reforming the international financial infrastructure governing international capital flows.

Because public policy requires a multidisciplinary approach to problem solving, Hood students often combine their study of economics with course work in political science, history, sociology, math and philosophy.

Internships

Hood students are strongly encouraged to combine classroom study with participation in joint research projects with faculty through either an internship or study abroad. Because of Hood's close proximity to Washington, D.C., students have been able to secure internships in Congress, at the White House, the National Institute of Standards and Technology, the Urban Institute, the U.S. Department of Labor, the U.S. Department of Agriculture, the Organization of American States and the Inter-American Development Bank.

Alumni Success Stories

Hood's graduates are pursuing a wide range of careers. Some have gone on to earn doctorates in economics or public policy and become university professors. Others have gone on to earn MBA degrees at some of the country's best business schools, including Harvard University. Others are pursuing graduate study in economics or public policy at The American University, Duke University, The Johns Hopkins University and Harvard University. Still others are working at such organizations as the National Institute of Standards and Technology, IBM, Unisys and Merrill Lynch.

Here is a sample of what our recent graduates are doing:

Class of 2011:
  • Clemson University, doctoral program in economics
  • Louisiana State University, doctoral program in economics
  • University of Delaware, doctoral program in economics
Class of 2008:
  • University of Arizona, doctoral program in economics
  • University of Pittsburgh, doctoral program in economics
  • George Mason University, doctoral program in economics
  • George Mason University School of Law, JD program
  • Research Assistant, Board of Governors of the Federal Reserve
Class of 2006:
  • University of California at Santa Barbara, doctoral program in economics
  • University of Arizona, doctoral program in economics
  • Economist, National Institute of Standards and Technology

Class of 2003, Georgetown University, Post-doctoral Fellow

Student majored in international economics and political science. After Hood, she received her doctoral degree in government from American University.

Class of 2002, The George Washington University, Doctoral Program in International Affairs

Student majored in international economics and political science. After graduation, she worked for a year in a major development consulting organization. Subsequently, she was awarded a fellowship to earn a doctorate in international affairs from the Elliott School of International Affairs.

Class of 2001, American University, Doctoral Program in Economics

Student double majored in economics and mathematics and was awarded a fellowship at American University, where she is now studying for her doctorate in economics.

Class of 1999, Harvard M.A., Doctoral Program in Public Policy

Student majored in economics and graduated at the top of her class. She was awarded a Woodrow Wilson Fellowship and is now studying public policy at Harvard's Kennedy School of Government.

Class of 1999, Director of International Business Operations, Unisys

Student minored in international economics at Hood and studied the European economy in Strasbourg, France. He currently serves as the director of overseas government services for the Unisys Corp. in Vienna, Va.

Class of 1996, Harvard MBA

Student came to Hood College from Yugoslavia. She majored in economics and graduated at the top of her class. After graduation she worked for a law firm in Washington, D.C., conducting research on international trade issues. She is currently studying for her MBA at Harvard University.

Learn more about the major and the department.