ECONOMICS DEPARTMENT
Economics Department Professors
Keith Corkum, Ph.D, Dept. Chair
Louise Nordstrom, Ph.D
Leslie Brooks, J.D.
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Welcome to an exciting and useful subject economists call "the economic way of thinking." Economics is one of the fields of study required by all students who graduate from Nichols. Economics is the science of making decisions in the presence of scarce resources, where human wants are forever greater than the available supply of time, goods, and resources. The choices that consumers, producers, and resource owners make are important because scarcity implies that by making one choice, you give up another. For example, a computer firm that spends more resources on advertising has fewer resources to invest in research and development. Economic decisions thus involve the allocation of scarce resources among competing wants.
The department offers both a major and a minor in economics. In addition to the two semester sequence of *Principles of Economics required of all students who graduate from Nichols, a major requires 6 additional courses; a minor consists of four additional courses.
In addition to the curriculum, the Economics Department offers a variety of extra curricular activities, including The Economics Club and Omicron Delta Epsilon International Honor Society.
Tel (508)943-1560
Official Mailing Address:
Nichols College
Center Road
PO Box 5000
Dudley, MA 01571-5000
