The economics curriculum at Simon's Rock is rooted in the liberal arts tradition of rigorous analysis, thus developing students' reading, discussion, and problem-solving skills within the discipline.
The economy comprises the systems for the production and exchange of goods, services, money and financial assets; the use of labor, capital, and natural resources; and the relation of these to other societal and historical processes. The Economics concentration at Simon’s Rock serves students interested in pursuing further study or work in business, finance, economics, and public policy, as well as those interested in gaining a deeper understanding of forces at work in the contemporary world. It provides a framework for the broader critical study of society, with a particular focus on the nature and history of the political and economic institutions that shape social existence.
Students with a concentration in economics may enter into fields such as research, market analysis, statistics, and quantitative analysis.
In their first semesters at the college, students interested in this concentration are encouraged to take at least one introductory course in Economics and one in a related social science field, such as history, politics, or sociology, as well as to meet the mathematics requirement, ideally by taking Statistics. The concentration requires 24 credits of approved courses, at least 8 of which must be at the 300-level or above.
At moderation, students should work with faculty in the field to develop a plan for their work in the concentration that will serve their particular interests and goals. Students have meaningfully combined an economics concentration with concentrations in Politics, Critical Geography, and Computer Science. Simon's Rock juniors interested in this field have been able to spend a semester or year at the London School of Economics.
Political Economy introduces students to alternatives to the neoclassical view of modern capitalist economies. Students will study the economic theories of Karl Marx and American radical economist Thorstein Veblen; survey contemporary political economic issues such as gender and economics and agriculture and food crisis; and examine two alternative economies at different scales: the Swedish economic system and Mondragon Cooperative in Spain.