The Economics faculty are committed to both high-quality undergraduate instruction and scholarship.
We offer two programs, the BA in Economics and, in conjunction with the Department of Mathematics, the BS in Mathematical Economics. We are proud of our record (exceptional among liberal arts colleges) in placing our graduates in highly-ranked graduate programs in Economics.
Our faculty members are dedicated to undergraduate instruction and scholarship. The courses we offer and the primary interests of individual professors span a broad spectrum, ranging from relatively technical mathematical and statistical treatments of economic theory to public policy evaluation and to intellectual history. We take pride in the quality of our teaching and in the intellectual growth and accomplishments of our students.
The great English economist Alfred Marshall (1842-1924) defined economics as “a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of well being.” Though increasing numbers of students have the opportunity of studying economics in high school, most students know very little about the discipline when they enroll in the introductory college course. There they learn not just the nuts and bolts of economic theory, but more importantly the usefulness of economic theory in managing their personal affairs and dealing with social and political problems. The “economic way of thinking” is indeed a powerful tool for students to take with them through the rest of their lives.
Former Wake Forest economics and mathematical economics majors are in a wide variety of professions. Our programs are excellent preparation for graduate study in law or business as well as economics and public policy. Many of our alumni go on to graduate school in these and other fields. Others move directly into professions from our undergraduate programs. Banking, financial and management consulting, medical services and pharmaceuticals, real estate and consumer products are only a few of the market areas in which alumni take jobs. Numerous other opportunities for our majors are in the non-profit and public sectors, in areas such as education, fine arts, and public administration.