Degree Requirements

2018 - 2019

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) The course must be an economics course, not a business or similar course. (4) Economics 301, 302, and 307 may not be taken abroad.

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.

Economics Major

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

ECON 101Introductory Macroeconomics (4 credits)
ECON 102Introductory Microeconomics (4 credits)
MATH 130Essential of Calculus
or MATH 135 Single Variable Calculus
ECON 301Intermediate Macroeconomic Analysis (4 credits)
ECON 302Intermediate Microeconomic Analysis (4 credits)
ECON 307Introductory Econometrics (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, up to two 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:

ECON 149Accounting Survey
ECON 101Introductory Macroeconomics
ECON 102Introductory Microeconomics
ECON 301Intermediate Macroeconomic Analysis
ECON 302Intermediate Microeconomic Analysis
ECON 307Introductory Econometrics
ECON 405Financial Markets
ECON 430Organizational Finance
and two additional Economics electives. At least one elective must be a designated writing course in Economics; Mathematics 135, 145, 225, and 220.

Economics Minor

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:

ECON 101Introductory Macroeconomics
ECON 102Introductory Microeconomics
MATH 130Essential of Calculus
or MATH 135 Single Variable Calculus
ECON 301Intermediate Macroeconomic Analysis
ECON 302Intermediate Microeconomic Analysis
One of the following three courses:
ECON 307
Introductory Econometrics
ECON 401
History of Economic Thought I
ECON 402History of Economic Thought II
and one additional course from the Economics 201-440, or 460-470 sequence.

Note: Calculus prerequisite MATH 130 - Essential of Calculus or MATH 135 - Single Variable Calculus is effective with students entering Fall 2015.

Additional Points of Interest

Philosophy, Politics and Economics

The Economics Department participates in the PPE interdepartmental major.

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