About Kenyon College’s Economics Academic Program

Located in Gambier, Ohio, Kenyon College comprises nearly 1750 students and 200 faculty and staff. Kenyon is known for creating the model of professors serving as academic advisors, and it offers a comprehensive and deep curriculum of 50 majors, minors, and concentrations. For example, Kenyon’s economics major integrates theory, data, analytical models, public policy issues, and quantitative research methods to help students acknowledge and predict social behavior.

Economics students at Kenyon learn how to build, test, and review behavior models and examine how each agent, whether a consumer, worker, firm, or government, interacts in the markets at the individual and economy-wide level. Besides engaging in microeconomic and macroeconomic analyses, they learn how to examine key social problems, such as pollution, unemployment, gender, and race, and then evaluate the public-policy proposals created as solutions to these issues.

The main goal of the College’s department of economics is to help its majors acquire some abilities such as understanding and utilizing economic models, understanding and interpreting economic data, applying economic analysis, focusing on public policy issues, and appreciating each theoretical economic model’s powers and limitations.

Each of Kenyon’s economics courses introduces interdisciplinarity, and all of them are designed to help students develop communication skills and think analytically and rigorously. For example, some courses focus on the principles of microeconomics, macroeconomics, introduction to econometrics, poverty in developing countries, business cycles, game theory, and economics of women and work.

ECON 101, or the principles of microeconomics, studies questions related to economic choice and efficiency and social welfare. Through this subject, Kenyon students learn producer and consumer behavior theories and understand how each approach can be used to foresee the consequences of government, business, and individual actions. Some topics that ECON 101 covers include supply and demand analysis, the gains from trade, price controls, consumer choice, and more.

On the other hand, poverty in developing countries, or ECON 300, counts toward the seminar requirement for the major. It focuses on the potential causes of persistent poverty in developing countries by exploring issues such as poor health, food deprivation, high population growth, and substandard education. In this seminar, Kenyon economics students can analyze empirical evidence on local entrepreneurship and microfinance, practice conventional econometrics techniques, the principles of behavioral economics, and more.

Economics of women and work, or ECON 378, is another subject that counts toward the seminar requirement for the major. It examines the role of women in the labor market and how this role has changed throughout the years. ECON 378 compares women’s and men’s situations regarding labor supply, occupational choices, wage rates, and unemployment levels. The seminar also tackles several economic models’ explanations about the differences between labor market outcomes for women and men. Moreover, the economics of women and work evaluate some existing public policy proposals created to solve gender differences in wages and work opportunities.

Kenyon economics majors may choose among several career paths after graduating. For instance, some typical first jobs and positions for graduates are an investment banking analyst at VU Venture Partners, a technology investment banking analyst at UBS Warburg, a financial advisor at Morgan Stanley, a business analyst at Aberdeen Standard Investments; among others. Kenyon’s website also lists typical career paths in other companies.

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