Economics BS

General Education Requirements

All undergraduate economics majors must meet the university and college general education requirements. Candidates for the B.A. degree may take any foreign language to meet this requirement. Candidates for the B.S. degree take mathematics and quantitative courses instead of the foreign language requirement. Courses in economics may be used to meet the university social sciences requirement.

Satisfactory/Unsatisfactory Option

Courses outside the major field and ECON 1001, Principles of Microeconomics, and ECON 1002, Principles of Macroeconomics, may be taken on a satisfactory/unsatisfactory basis.

Prerequisites

All prerequisites for economics courses must be completed with a C- or better.

Degree Requirements 

Candidates for the B.S. degree must complete at least 36, but no more than 50, hours in economics. At least 30 hours must be at or above the 2000 level. All core courses for the major must be completed with a grade of C- or better.

The following core courses are required:
ECON 1001Principles of Microeconomics (MOTR ECON 102)3
ECON 1002Principles of Macroeconomics (MOTR ECON 101)3
ECON 3001Intermediate Microeconomics3
ECON 3002Intermediate Macroeconomics3
ECON 3100Economic Statistics3
ECON 4100Introduction to Econometrics4
MATH 1800Analytic Geometry and Calculus I (strongly recommended) 13-5
or MATH 1100 Basic Calculus
Select two of the following quantitative courses:6-8
Managerial Economics
Analysis of Business Cycles
Applied Econometrics
Time Series Econometrics for Economics and Finance
Business and Economic Forecasting
Mathematical Economics
Geospatial Analysis in the Social Sciences
Fundamentals of Cost-Benefit Analysis
Mathematics courses numbered 1900 or above with consent of advisor 1

Departmental Honors

A student may earn departmental honors with a GPA of 3.6 in economics and the recommendation of the department.

Complementary Areas of Study

The department encourages all majors to develop breadth in related disciplines. Course work and minors are available in a number of areas such as business administration, computer science, statistics, and political science. In addition, courses offered by the department are required for the B.S. in Actuarial Science and help satisfy the prerequisites for courses required for the Certificate in Actuarial Studies and have been approved by the Society of Actuaries (SOA) to satisfy the VEE requirements in Economics. Students should check with their advisers for recommendations concerning courses in these areas. The department suggests the following supplemental course work for students interested in pursuing doctoral-level graduate work in economics or careers in general business. It also encourages all students to obtain work experience by enrolling in the Internship in Applied Economics (ECON 4990) .

Graduate School Preparation

It is recommended that students considering doctoral-level graduate work in economics also take:

MATH 1900Analytic Geometry and Calculus II5
MATH 2000Analytic Geometry and Calculus III5
MATH 2020Introduction to Differential Equations3
MATH 2450Elementary Linear Algebra3
MATH 4100Real Analysis I3
MATH 4200Mathematical Statistics I3

Learning Outcomes

  • Use economic reasoning to interpret and evaluate social, political and economic arguments, and policies.
  • Use mathematical methods to construct and analyze economic models and to analyze and interpret economic phenomena.
  • Understand key market institutions such as property rights and contracts and economic organizations such as the Federal Reserve System and the International Monetary Fund and apply this knowledge to analyze economic behavior and evaluate public policy.
  • Identify the causes and consequences of poverty and prosperity across and within societies.
  • Predict changes in key macroeconomic variables in response to changes in social, political, and economic policy as well as non-economic events such as terrorist attacks, natural disasters, and changes in consumer confidence.
  • Estimate, analyze, and interpret economic relationships using appropriate regression analysis techniques applied to economic data for use in business and policy applications.
  • Write a research paper that employs sound economic reasoning and economic data that demonstrates the ability to model and interpret regression analysis of an economic relationship.

Sample Four Year Plan 

First Year
FallHoursSpringHours
INTDSC 10031ECON 10013
ENGL 11003MATH 1800 or 11005
MATH 10303EXPLORE – Humanities and Fine Arts3
MATH 10352CORE – Information Literacy3
CORE – Communication Proficiency3Elective or minor3
EXPLORE – Social Sciences3 
 15 17
Second Year
FallHoursSpringHours
ECON 10023ECON 30013
CORE – US History & Government3ECON 2000+ course3
EXPLORE – Humanities & Fine Arts3EXPLORE - Math & Sciences3
EXPLORE – Math & Sciences3EXPLORE - Social Sciences3
Cultural Diversity Requirement3Elective or minor3
 15 15
Third Year
FallHoursSpringHours
ECON 31003ECON 41004
ECON 30023ECON 2000+ course3
ENGL 31003Elective or minor6
Elective or minor6 
 15 13
Fourth Year
FallHoursSpringHours
ECON 4000+ quantitative course3ECON 4000+ quantitative course3
ECON 2000+ level course3ECON 2000+ level course3
Elective or minor9Elective or minor9
 15 15
Total Hours: 120

Please Note: This plan is an example of what a four year plan could look like for a typical student. Placement exam scores in math as well as the completion of coursework may change the plan. It should not be used in the place of regular academic advising appointments. All students are encouraged to meet with their advisor each semester. All requirements are subject to change.