Law and Economics

Laws are not made in a vacuum. Instead, they are written and developed with a mind to their application in the real world and how they will affect a myriad of other factors, including economic concerns, and the lives of others. By applying economic principles to the law we can begin to understand the impact of the rules we live by and, in turn, develop more efficient laws.

The law and economics minor offered by Assumption University examines the intersection between the law and economics, and how one informs the other. Students study subject matter ranging from constitutional law to fiscal policy and, through this study, begin to understand the complex web of legal philosophy and economic theory that drives and sustains the modern world.

A law and economics minor is an excellent complement to a variety of majors and helps prepare students for rewarding careers in any number of fields like finance, international business or government or to further their studies in graduate or law school.

Program Contact

Smriti Rao, Ph.D

Department Chair, Economics, Finance and Accounting, Professor of Economics, Global Studies Program Director
508-767-7565 Tsotsis Family Academic Center - Room 229

An Ideal Place To Learn

All classes taught by professors, none by teaching assistants
Students from 29 states and 21 countries
Student/Faculty ratio

Program Curriculum

  • A Law and Economics minor is an excellent complement to a variety of majors and helps prepare students for rewarding careers in any number of fields like finance, international business or government or to further their studies in graduate or law school.

    Required Courses
    ECO 110 Principles of Microeconomics
    ECO 111 Principles of Macroeconomics
    ECO 230 Law and Economics
    ECO 331 Industrial Organization
    PHI 320 Business Ethics
    Plus One (1) of the Following
    POL 316 Constitutional Law
    POL 318 Civil Liberties
    POL 321 Public Policy
    GEO 251 Economic Geography
    GEO 252 Land Use Geography and Planning Law

    Course Descriptions


Smriti Rao, Ph.D
Department Chair, Economics, Finance and Accounting Professor of Economics Global Studies Program Director
Colleen A. Fahy, Ph.D
Professor of Economics
Demetrius Kantarelis, Ph.D
Professor of Economics
Michael D. McKay
Adjunct Faculty
Brian Volz, Ph.D.
Associate Professor of Economics
Thomas White, Ph.D.
Professor of Economics
Olivia Wu, Ph.D., CFA
Assistant Professor of Finance

Experiential Learning

Assumption's Rome Campus

At Assumption's campus in Rome, Italy, the city and the country become your classroom through daily and weekend-long excursions throughout "the eternal city" and the Italian countryside. This unique study abroad experience will enrich your academic and cultural pursuits as you walk in the footsteps of emperors and gladiators then enjoy delectable Italian cuisine or perhaps a cappuccino after class in a local cafe. (Did you know that your financial aid follows you to Rome?)

Explore the Rome Campus

Learn the Skills Employers Seek

Faculty/Student Research

The Assumption curriculum encourages scholarly and real-world experience. With hands-on research conducted alongside faculty mentors, students gain a depth of knowledge and skills that lead to professional success and personal fulfillment.

Study Abroad

At Assumption University, the world is your classroom. Students can study and explore abroad in over 50 places from Vienna to England, South Africa, and even our own campus in historic, yet modern, Rome, Italy. Assumption’s study abroad program offers culture, history, and a living classroom for all.


Assumption starts planning for your future the day you arrive on campus. Our Career Development and Internship Center helps students secure exciting and fulfilling internships where you’ll apply knowledge obtained in the classroom in a professional setting, preparing for a future career or additional study. Assumption connects students to internship opportunities in corporations, government agencies, research hospitals, non-profit organizations, and more.

First-rate Academics in a Catholic University Setting

Assumption University awakens in students a sense of wonder, discovery, and purpose, forming graduates known for their intellectual seriousness, thoughtful citizenship, and devotion to the common good. Students are provided an education that shapes their souls, forms them intellectually, and prepares them for meaningful careers. Enlivened by the harmony of faith and reason, here, students’ minds and hearts are transformed.

Assumption is dedicated to providing a clear understanding of what your education will cost

We’ll help cut through the complexity of financing your education, ensuring you understand what you need, how to apply for aid, and what’s expected of you. You will be assigned a personal financial aid advisor who will guide you through the process and answer all of your financial aid-related questions.

Accelerated BA/MBA Dual Degree Program

Apply as a high school senior into the dual degree program with one application and benefit from being considered for a $2,500 Assumption Business Leader Scholarship (per year for 5 years), special programming, and the ability to take up to two MBA courses during your senior year.  We offer two tracks to choose from: Management and CPA (for accounting majors only). Learn more about all of the University's dual degree offerings.

Programs Related to Law and Economics