Liberal Arts and Sciences: Economics

NOTE: This document was generated from the 1995-1997 UIUC Programs of Study. Every effort has been made to ensure accuracy, but be advised that requirements may have changed since this book was published. Errors may have also been introduced in the conversion to a WWW document. Thus for items of importance, it might be wise to seek confirmation from either the paper version or a live human being.

Economics and Statistics Courses. 27 to 30 hours.

Supporting Course Work. 5 to 8 hours of mathematics, and 18 hours in courses related to major interest in economics.

Economics is a social science that studies the problems caused by scarcity and how individuals, institutions, and societies may deal with these problems. Economics shares common interests with business-oriented disciplines, such as finance and business administration. Economists frequently require quantitative skills, such as calculus and statistics, to derive economic principles that are useful in forming policies designed to solve economic problems.

REQUIREMENTS

The major in economics requires course work in three areas. For further information, see the Economics Bulletin available in the office of undergraduate studies of the department. The requirements are:

1. Economics and Statistics. Introductory economics (ECON 102 and ECON 103) and at least 18 hours of additional economics, including ECON 300 and ECON 301 (but excluding ECON 199, ECON 295, and ECON 299); and 6 hours of statistics (ECON 172 and ECON 173 or equivalent).

2. Mathematics. The minimum requirement is MATH 125 and MATH 134; or MATH 120 and MATH 130; or MATH 121 and MATH 131; or equivalent (see Economics Bulletin ). Additional mathematics courses are recommended.

3. Supporting Course Work. At least 18 hours in courses outside economics but related to the student's major interest in economics (see Economics Bulletin for details and examples).

Departmental Distinction. A student must have a grade-point average of at least 4.25 overall and at least 4.50 in economics; complete a research project (e.g., complete ECON 294-295 or 299); and be recommended by the faculty research adviser.

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