At Hampden-Sydney College, economics is an exploration of the world using the tools of economic analysis, an exercise in critical thinking, and a chance to enhance your ability to operate successfully in the world.

The many distinct specialties that potentially emerge from a base of economic knowledge require us to offer three distinct majors within the department: Economics and Business, (General) Economics, and Mathematical Economics.

As an economics department within a liberal arts college, we serve the student body at large as well as our majors. To do this we focus our efforts in four areas...


Our introduction to economics class is taught as if it were the only course that students will ever take in economics, as opposed to the first class in a series. We want every student, not just economics majors, to have the opportunity to learn the economic way of thinking. 


What we do matters. If applied properly, the tools of economics can lead to greater insight into many issues of great importance. We offer a wide variety of courses that allow students to apply economic analysis to different areas including commerce and finance, public policy, health, globalization and the environment.

Advanced Scholarship

We offer several courses in advanced theory including financial analysis, Austrian theory, econometrics, history of thought and mathematical economics. In addition, senior seminars offer opportunities to do meaningful research in business management and public policy.

Degree Offerings

I am where I am today because Hampden-Sydney instilled in me a sense of curiosity - about the world around me, about why people think, speak, and act the way they do, and about the way our economy works.

Matthew J. Guill '06, Vice President, Millstein & Co., New York, NY

Co-curricular Opportunities

The faculty of the economics department is actively engaged in the scholarship of their fields and we want our students to have that opportunity as well. To this end we offer independent studies for credit, research grants through various privately funded sources as well as extra-curricular activities related to the study and application of economic principles.


TigerFund is an equities portfolio managed entirely by students at Hampden-Sydney College. It is an opportunity for selected students concentrating in Economics to gain valuable experience managing a live equities portfolio. 

Tiger Fund

The Flemming Center for Entrepreneurship and Innovation

The Flemming Center for Entrepreneurship and Innovation encourages student and faculty creativity and equips students with the skills and knowledge necessary to pursue entrepreneurial ideas.  It promotes entrepreneurial innovation in our students and provides them the experience, skills and connections necessary to go from ideation to implementation. The program brings successful entrepreneurs to campus, sponsors workshops in the practical aspects of running a business and connects students with entrepreneurial mentors.


The Center for the Study of Political Economy

The Center for the Study of Political Economy program encourages students to investigate the relationship between political structures and social outcomes. Our goal is to provide opportunities for students who have an interest in the rationale and effects of public policy to develop the research, reasoning and communication skills necessary to prepare them for graduate programs and "idea" careers. 

Political Economy

Boinest Honors Research Fellowship

Funded by William C. Boinest, the Economics Department invites applications from all junior Econ majors. The recipient will conduct directed research in the economics or business field the summer prior to and during his senior year. The recipient also will complete a senior honors project, and graduates with Honors in Economics. The Assistantship is $3,000. Eligible students submit an essay describing their interest in conducting research in economics or business, with possible topics of research interest by the beginning of April to Dr. Ken Townsend at

Citrone Economics & Business Summer Research Program

Funded by Robert K. Citrone '87 and an anonymous donor, the Citrone Grant funds collaborative student/faculty summer research in areas on economics. Student and faculty receive a summer stipend for their research that is later presented, often at professional conferences. Applications are typically due in March and submitted to Dr. Townsend in the Economics Department. Eligible students (juniors with a 3.0 cumulative GPA) must

  1. write a brief description of a research project to be shown to a potential collaborative faculty supervisor within the Econ Dept., and
  2. the faculty member then draft a cover letter endorsing the project description and detailing the faculty member's anticipated contributions to the research project. 

Hobbie Business Ethics Program

The Warren W. Hobbie Business Ethics Program is a two-year program which includes several required courses and monthly discussions on business ethics. An application is required for entry. Hobbie Scholars, chosen for their academic promise, demonstrated leadership, and interest in the interplay of business and ethics, complete an independent study in business ethics as well as advanced coursework in philosophy, religion, and economics. Contact Economics Professor, Dr. Saranna Thornton for information.

Pre-Business Society

The Pre-Business Society was formed in 2003 and is dedicated to those students interested in gaining business experience for use after graduation. The goals of the Society are to better prepare Hampden-Sydney students for entrance into the business world, to make contacts with local and regional businessmen, to serve the Hampden-Sydney and surrounding communities through the advocacy of free enterprise, and to better alumni communication through society contact and cooperation. The Society is open to all not just economics majors.


Graduate Business Agreements

The Economics Department provides superb undergraduate preparation for a career in business, banking, and finance, but it goes a step further by allowing you to leverage the College's connections - formal and informal - with renowned graduate programs. 

Graduate Business Agreements

Flemming Center for Entrepreneurship

The Flemming Center for Entrepreneurship and Innovation encourages student and faculty creativity and equips students with the skills and knowledge necessary to pursue entrepreneurial ideas.

  • Carilli Receives Teaching Award

    November 30, 2018

    Professor of Economics and Business Tony Carilli was awarded the Kenneth Elzinga Distinguished Teaching Award at the Southern Economics Association meeting in Washington D.C.

    Carilli Award

Christopher Mize '89

Despite earning an MBA and establishing a successful career in pharmaceutical sales, Christopher Mize '89 couldn’t deny his need to paint. So 15 years after graduating from Hampden-Sydney College, he found his way back to the canvas and eventually quit his job to pursue his art full time.

Christopher Mize ’89

Economics and Business Department

Dr. Anthony M. Carilli, Chair
Professor of Economics and Business
Morton Hall, 221
Hampden-Sydney College | Hampden-Sydney, VA 23943
(434) 223-6314

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