Areas of Emphasis
Department of Economics and Management
We offer courses in major fields of economics (microeconomics, macroeconomics, international economics, monetary and financial economics, environmental economics, labor economics, and governmental economics). The E&M major with emphasis in economics is suitable for those interested in public policy work, while the combined major in mathematics and economics prepares students for graduate school in economics or for careers as actuaries or operations researchers.
Students who complete the E&M major with emphasis in general business receive a broad undergraduate education that will prepare them for careers in which rapidly changing
technology and market conditions require an ability to adapt and learn. These students take courses in financial accounting, managerial cost accounting, managing people and organizations, marketing, financial management, economics, and statistics, as well as at least one management elective.
E&M and Albion's Psychological Science Department each offer courses for students who wish to learn about the human relations aspects of management. E&M courses include managing people and organizations; women in business and leadership; labor law, unions, and management; labor economics; human resource management; management; and negotiation and dispute resolution. Relevant psychology courses include industrial and organizational psychology and social psychology.
International Business and International Economics
The E&M major with emphasis in international business and international economics provides a focused group of courses designed to prepare students for a world in which global concerns are becoming more important because of falling transportation and communication costs and falling governmental barriers to international trade and investment. Students select from relevant courses in E&M, such as International Management, The Chinese Economy, The Japanese Economy, International Finance, and International Trade. They also take at least one international course outside of E&M and complete an off-campus study program in a foreign country or an internship in a foreign country.
A Special Panel Discussion at Albion College
Challenges and Emerging Issues in Financial Regulation and Reporting:
A Global Perspective
The last two chairmen of the Financial Accounting Standards Board and a current FASB senior advisor (two of whom are Albion alumni) bring a wealth of industry expertise and leadership to Albion College's Science Complex Atrium for a unique panel discussion on Tuesday, April 5, at 7 p.m. The event is free and the public is encouraged to attend.
Saltzman Featured in Recent News Stories on Labor
Albion College economics and management chair and professor Greg Saltzman has been used as a source in recent Dayton (Ohio) Daily News articles about state governments and public employee unions. His research interests include labor law, management-union relations, employee benefits, health services, and labor union political action.
Read more: Saltzman Featured in Recent News Stories on Labor
Economics and Management
Every fall, the Accounting Society co-hosts a career fair, at which students can meet representatives of firms interested in hiring Albion graduates or interns for jobs in public or corporate accounting. This group arranges student trips to visit businesses and CPA firms, sponsors professional workshops and speakers, facilitates information-sharing among students about academic and career planning, and provides professional networking opportunities at an annual spring banquet attended by many alumni.
Delta Sigma Pi
Albion's chapter of this co-ed business fraternity does volunteer work and provides networking opportunities.
The Fed Challenge is a competition in macroeconomic policy sponsored by the Federal Reserve Bank system. Teams of undergraduates from many schools each deliver a 20-minute presentation analyzing the economy and financial markets and making a monetary policy recommendation. Then, each team defends its presentation during 15 minutes of questioning by the economics professors who serve as judges. In November 2011, the Albion team won the regional competition in Chicago, surpassing teams from larger schools such as the University of Chicago, the University of Michigan, and the University of Wisconsin-Madison and headed to Washington D.C. for the National competition.
Economics and Managment Investment Club
Students manage an investment portfolio, buying and selling real stocks. Profits are used to fund a scholarship for E&M majors. Investment Club members take an annual trip to Chicago to meet Albion alumni working in finance.
Omicron Delta Epsilon
This honorary organization recognizes scholastic attainment and outstanding achievements in economics.
Volunteer Income Tax Assistance (VITA) Program
Albion College student volunteers are trained by E&M accounting faculty to prepare income tax returns for low-income residents of the city of Albion and nearby communities. Students prepare over 200 returns each year—helping the community and gaining valuable experience working on actual tax returns.