Major Requirements

Economics major leading to BA degree

A major in economics leading to a Bachelor of Arts degree requires completion of at least 42 credits as follows:

1. ECON 100, 202, 203, 210, 211
2. Two additional economics courses at the 300 level, for which one instance may be 423 or 493.
3. Four additional courses in economics numbered above 211
4. Achievement in calculus at a level equivalent to MATH 101
5. Two additional courses in politics or computer science, or in mathematics for which MATH 101 is a prerequisite
6. Grade-point average: at least 2.000 in the economics credits offered for the major, and at least 2.000 in the total of all credits, from whatever department, offered for the major.

Qualified students who are interested in writing an honors thesis should consult the department website about the required coursework.

Due to content overlap, students may take only one of the following courses for degree credit: ECON 202 or BUS 202 or POL 202.

• Students considering the Economics major are encouraged to enroll in ECON 202
• Students considering the Business Administration major are encouraged to enroll in BUS 202.
• Students considering the Politics major are encouraged to enroll in POL 202.
• Students considering a double major in economics plus another major are encouraged to take ECON 202.

1. Required courses:
• ECON 100 - Introduction to Economics

  FDR	SS1 Social Science - Group 1 Distribution
  Credits	3

  Economics is the study of how a society (individuals, firms, and governments) allocates scarce resources. The course includes a survey of the fundamental principles used to approach microeconomic questions of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy, and macroeconomic questions of performance of the aggregate economy, including unemployment, inflation, growth, and monetary and fiscal policies. Open only to students who have not taken ECON 180, ECON 180A, ECON 101 and/or ECON 102. Retake allowed only with instructor consent and if space allows after the first round of registration.

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• ECON 202 - Data Analytics for Economics

  Credits	3
  Prerequisite	ECON 100, 180, 180A, or both ECON 101 and ECON 102

  Fundamentals of probability, statistics, estimation, and hypothesis testing and ending with an introduction to regression analysis. The topics are critical for success in upper-level economics electives and are important for careers that rely on empirical research in the social sciences. Students engage in a dialogue between theory and application and learn to think formally about data, uncertainty, and random processes, while learning hands-on methods to organize and analyze real data using modern statistical software. Not open to students with credit for BUS 202 or POL/INTR 202.

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• ECON 203 - Econometrics

  Credits	3
  Prerequisite	ECON 202

  Explorations of regression models that relate a response variable to one or more predictor variables. The course begins with a review of the simple bivariate model used in POL/INTR 202, and moves on to multivariate models. Underlying model assumptions and consequences are discussed. Advanced topics include non-linear regression and forecasting. Examples in each class are drawn from a number of disciplines. The course emphasizes the use of data and student-directed research.

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• ECON 210 - Microeconomic Theory

  Credits	3
  Prerequisite	either ECON 100, 101, 180, or 180A; and MATH 101

  Contemporary theory relating to consumer behavior, the firm's optimizing behavior, the nature of competition in various types of markets and market equilibrium over time. Recommended for economics majors not later than their junior year.

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• ECON 211 - Macroeconomic Theory

  Credits	3
  Prerequisite	ECON 100, ECON 180, or ECON 180A; or both ECON 101 and ECON 102

  This course develops the classical macroeconomic framework and uses this to explore the causes and consequences of economic growth, inflation, output, and employment. This same exercise is conducted using alternative theoretical frameworks, including those associated with Keynes, Monetarists, and New Classical thinkers. Emphasis is placed on investigating the impact and effectiveness of monetary and fiscal policy under each of the theoretical paradigms or schools of thought developed.

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2. Two additional economics courses at the 300 level, for which one instance may be 423 or 493.
3. Four additional courses in economics numbered above 211.

(Note: A maximum of nine credits from supervised study abroad and/or special topics courses may apply toward major requirements.)

4. Achievement in calculus at a level equivalent to MATH 101
5. Two additional courses in politics or computer science, or in mathematics for which MATH 101 is a prerequisite
6. Grade-point average:

at least 2.000 in the economics credits offered for the major, and at least 2.000 in the total of all credits, from whatever department, offered for the major.