Assistant Professor of Economics Jihye Heo teaching

Program Overview

Economics

Identify problems, analyze solutions, put theory into practice.

A Field with Real World Applications

From energy and the environment to international trade, game theory, corporate behavior, and income distribution, economics is the study of decision making in a world of limited resources. It prepares students to enter fields such as public policy, finance, consulting, and non-profit work. At Oberlin, majors will study the principles of economic theory as well as innovative approaches to problem solving in a rapidly changing world.

Unmatched Faculty-Student Collaboration

Studying economics at Oberlin means belonging to an exceptional academic community and alumni network. Every economics major composes an original research paper as part of a senior seminar. Through regular speaker series and alumni events, our graduates have access to a broad and generous professional network. In all of our classes our world-class faculty work one-on-one with students to build the skills and confidence needed for their future success.

Our economics and financial economics majors qualify international students on F-1 visas for both the 12-month Post-Completion Optional Practical Training (OPT) and the 24-month STEM OPT extension, enabling up to 36 months of U.S. work experience after graduation. This valuable opportunity lets you apply your expertise at leading organizations while building your global career.

100% of majors complete an original research project

Futures in Business

Oberlin’s concentration in business prepares students for a range of pathways in entrepreneurship, technology, entertainment and more.

Students listen to a presentation in a lecture hall.

For 8 years running Oberlin has placed graduates in the Federal Reserve System

Featured Courses

Econ 101

Principles of Economics

This course introduces you to the fundamental concepts of microeconomics and macroeconomics. You’ll explore how the demand and supply model determines prices and allocates resources. You’ll look at public policies that address imperfections in the economy. And you’ll learn the basics behind inflation, unemployment and the business cycle.

Taught by
Maggie Brehm

Econ 211

Money, the Financial System and the Economy

How are financial markets, financial institutions, the Federal Reserve and the economy linked? You’ll begin by looking at the role of money in the economy. You’ll learn how interest rates and exchange rates are determined. And you’ll see how monetary policy can be used to tackle recessions and address inflation.

Taught by
John V. Duca

Econ 322

Public Economics

The public sector plays a dominant role in our lives. This course uses microeconomic analysis to examine the rationale for public spending. You’ll supplement theory with discussions on relevant public policy issues (public education, health care reform, social security, and so on). You’ll also look at different ways in which governments collect revenue through taxation.

Taught by
Ron Cheung

Econ 435

Seminar in Behavioral Economics and Public Policy

This seminar examines behavioral economics, with a focus on public policy responses. Do people act in their own interest? If they don't, can government restrictions improve well-being? We will study topics that include cigarette taxes, social media use limitations, and gambling restrictions. As with all 400-level seminars, you’ll write an original research paper under the direction of your professor.

Taught by
Timothy Hyde

Obies in Economics

Joshua Angrist
Photo courtesy of MIT Department of Economics

Nobel Prize in economics awarded to Joshua Angrist ’82

Joshua Angrist ’82 has won the Nobel Prize in economics for “methodological contributions to the analysis of causal relationships.”

Learn more about Professor Angrist’s Nobel-winning research

Recent Alumni

From Oberlin to MLB

As a coach for the Cincinnati Reds, Max Anastasio '23 uses the data analysis skills he learned as an economics major.

Max Anastasio

Prepare for future studies

Sherry Miao ’23--currently pursuing a master’s degree at Harvard University--credits her undergrad at Oberlin as an excellent foundation for graduate school.

Sherry Miao

Creating positive change

Longing to make a difference in the world, economics major Omukoko Okoth '25 choose Oberlin for its values and opportunities for innovation. 

Omukoko Okoth

What does Economics at Oberlin look like?

Students listen and take notes.

In the Oberlin Student Finance and Investment Club, students manage part of Oberlin’s endowment—a portfolio of stocks worth about $350,000.

Photo credit: Anna Norris

Professor Eric Lin speaks to a class

Professor Eric Lin leads a seminar on Business Management.

Photo credit: Tanya Rosen-Jones '97

Students in a lecture hall.

In a weekend Training the Street workshop, students learn the basics of financial modeling from industry professionals.

Photo credit: William Bradford

Two students sitting next to each other smiling.

Learn the fundamentals of demand and supply in your Principles of Economics class, full of real-world examples and policy applications.

Photo credit: Tanya Rosen-Jones ’97

Next Steps

Get in touch; we would love to chat.


The stone facade of Rice Hall faces young trees and a bike rack.