EBA graduates learn the principles of economic theory, which seek to explain the accumulation and distribution of limited resources among various "players" in the marketplace. Those players include private consumers, private companies, public utilities, government organizations and their international counterparts throughout the world.
Program Overview
Students study a broad range of economic theories with a rare emphasis on conservative, free-market principles equipping graduates for success in any marketplace. Available courses include Microeconomics, Macroeconomics, Public Economics, Institutional Economics, and International Economics.
As technology expands in every sector of society, enormous amounts of data are being generated. Mathematics and data analytics have become essential tools for today’s leaders to gain decision-making insight into trends and available strategies for their organizations. Students will study advanced mathematics classes in Statistics, Econometrics, Differential Equations, Integral Calculus, Linear Algebra, and Discrete Mathematics.
In addition to Economics and Advanced Mathematics, students will also have the opportunity to grow in their business acumen skills while learning from experienced senior executives. Students will learn a broad range of concepts and roles essential to the efficient functioning of an economic enterprise. Available courses in this arena are Competitive Strategy, Leadership & Organizational Behavior, Ethics, Business Methods & Entrepreneurship, and Financial Analysis. Students have the opportunity to learn from real-world experience through internships and the study of Harvard Business case studies.
Undergirding these specific aspects of the major is the Core Curriculum, which teaches the historical emphasis on free markets in American economics as well as fundamental political theory, logic, and biblical theology. The Core Curriculum emphasizes good writing and verbal communication skills. Graduates will be prepared to enter directly into the business world, graduate studies, or the public policy arena.
Student Learning Opportunities
Learn how governmental policy impacts both the economy at large and individual businesses.
Think like a CEO and entrepreneur, learning to successfully start, build, sustain, improve, and grow a prosperous economic enterprise.
Learn how to use advanced mathematics to analyze the past performance and current health of businesses, industries, and economies.
Demonstrate the ability to analyze and create competitive strategies within an organization, corporation, and industry.
Acquire an understanding of competing economic models that exist at both the macroeconomic and microeconomic levels.
Improve business acumen skills, especially in the area of financial management and the analysis of various economic enterprises.
Increase oral and written communication skills, thereby enhancing interaction with senior-level business executives.
Demonstrate the ability to apply biblical principles to the study and practice of economics and business.
Patrick Henry College Investment Group
The Economics & Business Analytics (EBA) Program serves to extend the Mission of Patrick Henry College (PHC) into the world of economics and business. PHC created the Patrick Henry Investment Group (PHIG) within its EBA Program to provide students with real-world, hands-on investment and leadership experience. PHIG is a student-led organization that manages an investment fund, overseen by the Director of the EBA Program and owned by Patrick Henry College.
The Official Charter incorporates the best practices of 15 student-led investment funds from across the nation. The investment program, an educational instrument within the EBA Program, empowers students to participate in investment decisions, while tempering those decisions with the wisdom and experience of senior members, financial professionals serving as Investment Advisors, and the PHIG Program Director. Extensive market research conducted and presented by student teams under an Investment Advisor’s guidance will inform the group’s collective trading decisions. 
The core leadership of PHIG is found in its Executive Board and team of Senior Analysts, both made up of students who have a passion for investment analysis and an aptitude for leadership. The Executive Board provides direction, facilitates coordinated research, communicates investment results to the College Administration, and assists in the selection and training of future leadership to carry on the group’s legacy of stewardship.
The Purpose, Mission, and Vision of this program fosters a culture where students can learn to be financial stewards of God’s resources, equipped to be faithful and impactful in the marketplace.
Award-Winning Business PlansThe Economic & Business Analytics Program at Patrick Henry College offers a variety of advanced courses in Economics, Mathematics, and Business within the major’s elective program. BUS443 (Financial Analysis: Case Study Methodology) is one of those courses. This course introduces corporate financial analysis with an emphasis on company valuations and financial statements such as Cash Flow, Balance Sheet and Income Statement. For the final exam, each student must learn how to create and submit an entire business plan for the start-up and/or acquisition of a new company or franchise of an existing company. An award is given to the top business plans submitted from each class.
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International Case Study CompetitionPatrick Henry College (PHC) students take second place in a global case competition sponsored by The University of Copenhagen’s Business School in Denmark
Four PHC students—Everett Chew, Reagan Van Belle, Inge Washburn, and Josiah Kitching—earned second place in the final round of GLOBAL 2023, an international case competition where undergraduate and graduate students have 24 hours to come up with a solution to a real-life business case that is judged by a panel of industry-leading professionals. These four students comprised the Executive Team in the spring of 2023 that ran the student-led Patrick Henry Investment Group (PHIG), a key component of the Economic & Business Analytics Program at PHC.
According to their web page, “GLOBAL is an international case competition and CBS Case Competition’s response to an increasingly digitized world;” it is the largest open case competition in the world, with more than 3,600 students from 90 nationalities participating. Read more here.
We have just the thing for you! Check out our Entrepreneurship & Economics summer camp at Patrick Henry College. At this camp, you will discover the crucial role of economics and the entrepreneur in our society. We will venture beyond the basics and explore the interplay of Christian values, free markets, economic policy, analytics, and cutting edge business practices. This camp is for all levels of business or economics experience. You will benefit from direct interaction with PHC's experienced faculty and staff. The camp culminates in a capstone project of your choice in either entrepreneurship or economic policy.
