Economics

The Economics program at the University of Dubuque prepares students to be proficient in economic theory while helping them to develop data analytic and critical thinking skills and while nurturing the appreciation of ethical values. These skills, applied to investigate real world economic problems, are used throughout the curriculum, culminating with a senior thesis written under faculty guidance. 

What You Will Learn

The Bachelor of Science in Economics features a rigorous sequence of courses in the field, including two levels of microeconomics and macroeconomics, combined with coursework in calculus, statistics, and econometrics. Furthermore, in order to provide students with an international perspective to modern economic issues, several such courses will be offered, including a travel one.

Careers

Graduates of the Economics program can choose from a wide variety of careers in businesses of all sizes, nonprofits, law, banking, finance, healthcare, government, academia, etc. Economics majors can also choose to attend graduate school in various fields of applied economics, in finance, marketing, management, and other related disciplines.


Economics - Program of Study

The courses below are a program sample of what students may encounter. Students will meet with their advisers to develop a personal educational program to plan their elective course choices, internships, undergraduate research, and other educational opportunities and experiences.

Required Courses (40 credits):

First Year

ECON 101: Principles of Microeconomics (3)
ECON 102: Principles of Macroeconomics (3)
MATH 230: Introduction to Statistics (3)
MATH 250: Calculus I (4)

Second Year

ECON 220: Introductory Mathematics for Economists and Actuarial Scientists (3)
ECON 231: International Economics (3)
BAC 241: Principles of Financial Accounting (3)

Third Year

BAC 300: Principles of Finance (3)
ECON 311: Intermediate Microeconomics (3)
ECON 322: Intermediate Macroeconomics (3)
ECON 341: International Finance (3)

Fourth Year

ECON 411: Econometrics I (3)
ECON 420: Senior Thesis in Economics (3)

 

Elective Courses (18 credits minimum):

Second Year

ECON 160: Analysis of Social Data (3)
ECON 221: Contemporary Economics (3)
ECON 232: Money and Banking (3)
ECON 261: History of Economics (3)
ECON 262: Economic Thought (3)

Third Year

ECON 241: Sports Economics (3)
ECON 242: Development Economics (3)
ECON 332: Investments (3)
ECON 342: Game Theory (3)

Fourth Year

ECON 331: Managerial Economics (3)
ECON 441: Econometrics II (3)

Eric J. Munshower
Eric J. Munshower
Economics Department Head

PhD, Purdue University; Economics
BS, Saint John's University (MN); Biology

Office Phone: 563.589.3194
E-mail: emunshow@dbq.edu 
Office Location: 342 Severance Hall
Fax: 563.589.3322
Biography - Click Here

Eric teaches courses in economics and techniques used in knowledge management. He holds a PhD in economics from Purdue University and a BS in biology from Saint John’s University in Minnesota. His research interests are in the general sphere of bio-business. More specifically, he is actively investigating issues related to organ donors and the allocation of organs in all economic levels of society. Eric received a Dean’s Teaching Award and was voted the Outstanding Graduate Instructor while completing his doctorate at Purdue University.


Alina Klein
Alina Klein
Assistant Professor of Economics

PhD, West Virginia University
BS, Academy of Economic Studies, Bucharest, Romania

Office Phone: 563.589.3376
E-mail: AKlein@dbq.edu 
Office Location: 340 Severance Hall
Biography - Click Here

Alina Klein earned a B.S. in Economics at the Academy of Economics in Bucharest, Romania, in 2003, then a Ph.D. in Economics at West Virginia University in Morgantown, WV, in 2010. Before joining UD, she worked as Assistant Professor of Economics at Lynchburg College in Lynchburg, VA. Alina has publications in the International Economics and International Finance fields.


Rudy Klein
Rudy Klein
Assistant Professor of Economics

PhD, West Virginia University
BS, Academy of Economic Studies, Bucharest, Romania

Office Phone: 563.589.3681
E-mail: RKlein@dbq.edu 
Office Location: 338 Severance Hall
Biography - Click Here

Rudy Klein received his Ph.D. in economics from West Virginia University (WVU) and B.S. in economics from the Academy of Economic Studies, in Bucharest, Romania. Before joining the University of Dubuque, he worked as a graduate teaching assistant at WVU, where he taught both online and traditional courses. Afterwards, he moved to Virginia and taught economics courses at Lynchburg College and Sweet Briar College. 


Economics Program and Course Descriptions from the UD Undergraduate Catalog 2018 - 2019 (opens in new tab).

Resources for Students

 Faculty Publications

  • Alina F. Klein and Rudolf F. Klein, Mean Reversion and Momentum in Central and Eastern European Countries – A Case Study on Poland and Romania, International Journal of Economics and Finance, 11(1) 2018.
  • Alina F. Klein and Rudolf F. Klein, Communism, Culture, and Financial Development, International Journal of Economics and Financial Issues, 7(4) 2017.
  • Alina F. Klein and Rudolf F. Klein, Currency Undervaluation and Economic Growth in Central and Eastern European Countries, International Journal of Economics and Finance, 9(7) 2017.
  • Ronald J. Balvers and Alina F. Klein, Currency Risk Premia and Uncovered Interest Parity in the International CAPM, Journal of International Money and Finance, 41(C) 2014.
  • Victor Chow and Rudolf F. Klein, Sentiment Effect and Market Portfolio Inefficiency, Oxford Journal: An International Journal of Business & Economics, 8(2) 2013.
  • Rudolf F. Klein and Victor Chow, Orthogonalized Factors and Systematic Risk Decomposition, The Quarterly Review of Economics and Finance, 2013, 53(2) 2013.
  • Jeffrey Jarrett, Alina F. Klein and Eric Kyper, Association between Asian Equity Markets and Western Markets: Evidence from the Indexes of Equity Markets, Asian Journal of Empirical Research, 3(8) 2013.
  • Alina F. Klein and Rudolf F. Klein, Consumption Risk and FX Trading Returns, International Journal of Economic Perspectives, 6(4) 2012.
  • Alina F. Klein (Serban), Combining Mean Reversion and Momentum Trading Strategies in Foreign Exchange Markets, Journal of Banking and Finance, 34(11) 2010.

Conference Participations and Presentations (2015-2019)

  • Alina F. Klein and Rudolf F. Klein, “Mean Reversion and Momentum in Central and Eastern European Countries – A Case Study on Poland and Romania.” Paper presented to the 39th International Academic Conference, Amsterdam, The Netherlands on June 19, 2018.
  • Alina F. Klein and Rudolf F. Klein, “Decomposing the Investor Sentiment.” Paper presented to the 39th International Academic Conference, Amsterdam, The Netherlands on June 19, 2018.
  • Alina F. Klein and Rudolf F. Klein, “Currency Undervaluation and Economic Growth in Central and Eastern European Countries.” Paper presented to the ICBEF 2017: International Conference on Business, Economics and Finance, Barcelona, Spain on May 27, 2017.
  • Alina F. Klein and Rudolf F. Klein, “Culture and Financial Development in Ex-Communist Europe.” Paper presented to the ICCEDM 2017: International Conference on Contemporary Economic Development and Management, Paris, France on May 19, 2017.
  • Alina F. Klein and Rudolf F. Klein, “Currency Undervaluation and Economic Growth in Central and Eastern European Countries.” Paper presented to the Midwest Economics Association, Evanston, IL on April 2, 2016.
  • Alina F. Klein, “To Grexit or Not to Grexit: That Is the Question.” Invited lecture presented to Lynchburg College Senior Symposium, Lynchburg College, Lynchburg, VA on September 21, 2015.
  • Alina F. Klein and Rudolf F. Klein, “Currency Undervaluation in Central and Eastern European Countries.” Paper presented to the International Conference on Globalization Enterprises and Economic Development, Washington DC on March 5, 2015.