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Economics and Finance Program
Professor Sanjaya DeSilva. Photo by Pete Mauney ’93 MFA ’00

Economics and Finance Program

The Bard Economics and Finance Program, established in the fall of 2007, is a five-year BS/BA dual-degree program.
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Students receive both a BS degree in economics and finance and a BA degree in an academic program other than economics. The program is designed to meet the needs of students who wish to achieve a broad education in the liberal arts and sciences even as they prepare themselves for careers in the financial world.

Requirements

  • Degree Requirements
    The BS/BA program requires 160 credits; the student must fulfill all general educational requirements of the College’s BA program. The BS degree will not be awarded unless the student also receives the BA degree. However, a student may elect to step out of the program, continuing in the BA program. Hence, the dual-degree program is structured to allow all requirements for the BA to be met within four years. 
  • Course Requirements
    Candidates for the dual degree must complete 56 credits in economics and finance, comprising the core courses of the program: Principles of Economics; Foundations of Finance and Investments; Money and Banking; Intermediate Microeconomics; Mathematical Economics or Game Theory; Accounting; Industrial Organization; Introduction to Econometrics; Seminar in International Economics; Advanced Econometrics; Contemporary Developments in Finance; and Corporate Finance. Students are required to complete a Senior Project relating to finance.

Student Work

  • Recent Senior Projects in Economics and Finance
    • “The Closed-End Fund Paradox in Country Funds: A Conventional and Behavioral Perspective”
    • “Forecasting Error in the U.S. Social Security Administration’s Economic Assumptions”
    • “A Microdata Analysis of the Gender Pay Gap in South Korea”
    • “Testing the Predictive Power of Equity Valuation Metrics: A Minskyan Approach” 

Faculty

Program Director: Emanuele Citera
Phone: 845-758-7243
Office: Albee 204
E-mail: [email protected]
Youssef Ait Benasser
Emanuele Citera
Sanjaya DeSilva
Michael Martell

Aniruddha Mitra
Dimitri B. Papadimitriou
Pavlina Tcherneva
Taun Toay
 

Recent News

Professor of Economics Michael Martell.

Professor Michael Martell Writes for the Bay Area Reporter

"As we diversify who are economists, we can crowd out convention and create space for new ways of thinking," Martell writes.

Professor Michael Martell Writes for the Bay Area Reporter

Professor of Economics Michael Martell.
Associate Professor of Economics Michael Martell.
Associate Professor of Economics Michael Martell coauthored a guest opinion piece in the Bay Area Reporter about the need for more LGBTQ+ representation in economics. In his article “More LGBTQ Economists Are Needed,” written with Leanne Roncolato, Martell argues that the field needs to be challenged and tested, a solution that requires more LGBTQ+ economists in positions of authority. The two conducted interviews with 31 queer economists, which formed the basis for their book Queering Economics: Reimagining the Dismal Science, released this May. “Too few economists question the status quo. We agree far too much, because we are far too similar,” they write. “When too many of us share the same philosophy, we are less able to see our commonly held flaws and more likely to conform to prevailing philosophies.” Instead, they argue, “as we diversify who are economists, we can crowd out convention and create space for new ways of thinking and creative solutions to the problems we face.”

Bard’s Economics Program trains students to think critically about the economy and its social, political, and historical context. Small classes, encouragement of student research, and close interaction with the Levy Economics Institute are distinctive features of the experience.
Read in the Bay Area Reporter

Post Date: 08-05-2026
a woman in a dark shirt stands against a wooden backdrop

Economist Pavlina Tcherneva Speaks with Marketplace About Inflation

“I expect that these price shocks will ripple through the economy in coming months,” said Tcherneva.

Economist Pavlina Tcherneva Speaks with Marketplace About Inflation

a woman in a dark shirt stands against a wooden backdrop
Pavlina Tcherneva, president of the Levy Economics Institute.
Pavlina Tcherneva, president of the Levy Economics Institute at Bard College, spoke with Marketplace about the current state of inflation in the US economy. The article notes that when the prices of groceries, gas, and rent rise faster than wages, consumers lose purchasing power, which is reflected in the current inflation numbers. “I expect that these price shocks will ripple through the economy in coming months,” said Tcherneva, who added that she does not expect wages to improve much. “Workers are going to be squeezed on both sides, stagnating wages and increasing cost of living."

The Levy Economics Institute Graduate Programs in Economic Theory and Policy were created to offer students an alternative to mainstream programs in economics and finance. These programs combine a rigorous course of study with the exceptional opportunity to participate in advanced economics research alongside Institute scholars. The Levy Institute’s programs also give Bard College undergraduates the opportunity to meet prominent figures who give seminars, attend conferences, and serve on the research staff.
 

Post Date: 06-09-2026
Bard College
30 Campus Road, PO Box 5000
Annandale-on-Hudson, New York 12504-5000
Phone: 845-758-6822
Admission Email: [email protected]
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