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College of Arts & Sciences



Allyson Grant

Communication Specialist

Departments of Business & Economics, Psychology, Allied Health

Real-world approach to teaching.


World-class faculty, top students, and an inventive curriculum are the hallmarks of Baker’s Business and Economics Department.

At Baker, you will work alongside professors who have real-world experience to gain an understanding on how the market system works by analyzing how consumers, businesses, and governments interact. A degree in economics from Baker University will prepare you for a variety of professional endeavors in business, finance, or government positions. It is also an excellent preparation to continue your studies with a graduate or law degree.

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Economics majors earn some of the highest starting salaries in the United States (Forbes). Couple that with the fact that Baker grads earn the highest average salaries in Kansas and you have the perfect package deal.

Male business student giving a presentation
Female business student giving a presentation
Students in business analytics classroom listening to professor

Exceptional Experience


Bolster Your Resume

Baker offers three honor societies for students in the business field—Omicron Delta Epsilon, Delta Mu Delta, and Pi Gamma Mu. Boost your resume and learn more about the field by joining.

Learn Hands On

Practical experience is a core component of any degree, so economics majors are required to complete one internship while at Baker. We have developed many ongoing relationships with businesses throughout the area and they’re eager to host our interns. A faculty advisor will help you get connected.

Put it to the Test

On the national Educational Testing Service exam, which determines students’ knowledge upon graduation, Baker business students routinely score in the top 20 percent among their peers from other schools across the country.


Our economics majors have gone on to the following careers:

  • Statistics Consulting
  • Sales Banking
  • Financial Services
  • Budget Analysis
Male student in classroom


The Department of Business and Economics gives these awards with financial prizes to be applied to the following year’s tuition:

  • Mildred Hunt Riddle Departmental Recognition Scholarship for Business and Economics
  • KPMG-Cecil Miller Scholarship
  • Carley M. Upp Memorial Scholarship
  • William G. McGowan Scholarship
  • Professor Fran Jabara Leadership Awards
  • Outstanding First-Year Business Major
  • Outstanding Sophomore Business Major
Overhead photo of five business analytics students working on a whiteboard table for a class project

Economics Course Work

Meet the Faculty

Alan Grant

Dr. Alan Grant

Professor of Business & Economics

B.S., M.A., Ph.D. Kansas State University

Expertise: inflation forecasting and lottery finance

Office: Mabee 308

Lowell Jacobsen

Dr. Lowell Jacobsen

Elizabeth Harvey Rhodes Professor of International Business

Ph.D. in Economics, Edinburgh University; M.I.M. Thunderbird School of Global Management; B.A. in Economics and Finance, Buena Vista University

Expertise: business strategy, finance, international economics

Office: Mabee 306

Judy Smrha

Dr. Judy Smrha

Professor of Business & Economics, Chair of Business & Economics Department

B.A. Mills College; M.A., Ph.D. Johns Hopkins University

Expertise: applied microeconomics, statistics, sports economics

Office: Mabee 303

Parmenter and long student center

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