Economics and Business
The Department of Economics and Business is the largest department at Lake Forest College, offering majors and minors in economics, finance, and business. Students are allowed to have a double major at the College, but they may not have two majors in the same department, nor may they major and minor within the same department. Recent graduates of the department have taken jobs at Accenture, ABN AMRO, Bureau of Labor Statistics, Federal Reserve Bank of Chicago, Millenium Financial, Morgan Stanley Dean Witter, PricewaterhouseCoopers, UBS Financial, and many others. Our graduates have gone to graduate school at Northwestern, Illinois, Wisconsin, Florida, UIC, Iowa, and Syracuse among others. Our graduates have also gone to law school at places like Chicago, Harvard, Vanderbilt, and Loyola.
Our programs in economics, business, and finance are all designed to be challenging, teach critical thinking, and meet the demands of a rapidly changing job market. The major in economics is a strong traditional program with a reputation for rigor, depth, and breadth. The finance major, which began in 2010, prepares students for a career in investment analysis and trading, investment banking, and finance. The business major is structured to provide an overview of various business operations (accounting, finance, and marketing), with an emphasis on the economic environment of business and on analytical and communication skills. All three of our majors provide a strong background for a career in business, working in the public and not-for-profit sectors, and for graduate education in economics, business, law, and public policy.
The teaching and research interests of our faculty are wide and varied. Since 2000, our faculty have published in the Journal of Public Economics, Journal of Urban Economics, National Tax Journal, Economics Letters, International Journal of Industrial Organization, Land Economics, Oxford Review of Economic Policy, Journal of Economic Dynamics and Control, Berkeley Economic and Policy Analysis Electronic Journal, Journal of Sports Economics, Social Choice and Welfare, Contemporary Economic Policy, and many others. We have also contributed several chapters to edited books and have been interviewed by the local, national, and international media such as the New York Times, BBC, Wall Street Journal, Washington Post, Financial Times, The Economist, Business Week, and the Chicago Tribune.