Associate Professor Quentin M. Duroy, Chair
Professors Robin L. Bartlett, Sohrab Behdad, Theodore A. Burczak, Timothy I. Miller; Associate Professors Jessica Bean, Laura Boyd, Quentin Duroy, Fadhel Kaboub, Andrea Ziegert; Assistant Professors Xiao Jiang, Zarrina Juraqulova, Hyun Woong Park, Johan Uribe, Luis Villanueva; Visiting Associate Professor David Boyd; Visiting Assistant Professors LuAnn Duffus, Katherine Snipes; Visiting Instructor Patrick McGonagle; Academic Administrative Assistant Judy Thompson
Departmental Guidelines and Goals
The purpose of the economics curriculum is to educate students in the nature and uses of economic reasoning. We are an economics department that values diverse theoretical and methodological perspectives on economic analysis and its application. We are cognizant of the importance of the other social and natural sciences, the arts, and the humanities to a more complete understanding of human society. Our curriculum introduces students to a core body of economic knowledge and to research skills, integrating disciplinary education with the liberal arts mission of the university. Economics majors develop the ability to think analytically and creatively about complex economic issues and policy choices facing our global society.
The content of our curriculum is tiered. In introductory courses students learn the basic principles of economics. In intermediate courses students develop their understanding of microeconomic, macroeconomic, and econometric theory. The 200-level electives give students an opportunity early in their careers to use introductory theory to better understand their world. The 400-level electives give students an opportunity to study in depth, a particular field of economics through application of the requisite basic skills, and appropriate theoretical models and empirical methods. These courses primarily focus on national and international concerns, public policies, and controversies in economic theory and policy.
Good economic writing represents good economic thinking. The Economics Department encourages students to cultivate the habits of good economic writing by requiring students to take one elective course that satisfies the department's writing requirement. Students are expected to use the vocabulary and theories of economics to correctly make cogent evidence-based arguments.
The Department of Economics supports students who globalize their education by completing some portion of their undergraduate education abroad. We encourage students to visit the Off-Campus Study Office to explore their options. If a student studies abroad then: (1) only one economics course can transfer in to satisfy major requirements. (2) that course must have economics prerequisites. If Economics 101 and Economics 102 are prerequisites, then the course transfers in as a 200-level elective. If the prerequisite is Economics 301 or Economics 302, then it transfers in as a 400-level elective. (3) students may only transfer in the equivalent of Economics 301, Economics 302 or Economics 307 with permission of the Chair. (4) course must be an economics course, not a business course.
Graduates of the Department of Economics seeking immediate employment have been successful in securing interesting and challenging positions in business, government, and non-profit enterprises. The economics curriculum also provides students with the opportunity to prepare themselves for graduate or professional studies in economics, business, public administration, international affairs, law and others.
Effective with students entering Fall 2015, all economics majors must complete a minimum of ten courses, nine economics courses and one calculus class. The major must satisfy the following requirements:
Core Requirements Introductory Macroeconomics (101, 4 credits), Introductory Microeconomics (102, 4 credits), Math 121 or 123 (4 credits), Intermediate Macroeconomics (301, 4 credits), Intermediate Microeconomics (302, 4 credits), Introductory Econometrics (307, 4 credits).
Students who want to major in economics should complete the above courses by the end of their junior year.
Advanced Course Requirements: In addition to the above, all students must take at least four additional courses from the Economics 201-440 or 460-470 sequence, only one of which can be a 200-level course. At least one of these elective courses must satisfy the department's writing requirement.
Economics with a Financial Economics Concentration
Students interested in the financial sector of the economy and who wish to pursue advanced degrees in business or finance, or a career in the financial sector of the economy, which require knowledge of financial principles and a strong mathematics background, may pursue an Economics major with a Financial Economics concentration. Requirements are fourteen courses distributed as follows: Economics 149, 101, 102, 301, 302, 307, 405, 430, and two additional Economics electives, only one of which may be a 200-level course, at least one must be a designated writing course in Economics; Mathematics 123, 124, 241, and 242.
The Economics minor is meant to provide a basic grounding in economics for students majoring in other fields. It is hoped that students will make a conscious effort to relate the minor to their major field. Students interested in minoring in economics must take the following courses: Economics 101, 102; Math 121 or 123; Economics 301, 302; one of the following three courses: Economics 307, 401 or 203; and one additional course from the Economics 201-440, or 460-470 sequence. Note: Calculus prerequisite (Math 121 or 123) is effective with students entering Fall 2015.
Additional Points of Interest
Philosophy, Politics and Economics The Economics Department participates in the interdepartmental major in link [PPE].