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.

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 of Economics which administers this major.

MAJOR IN SCIENCES AND LETTERS CURRICULUM

Degree title: Bachelor of Arts in Liberal Arts and Sciences

Minimum required major and supporting course work normally equates to 55-56 hours including a minimum of 24 hours of economics courses excluding ECON 172, 173, 199, 295, and 299.

General education: The LAS General Education requirements (see page 130) are set up so that students automatically complete the Campus General Education requirements. The exceptions to this are the Campus Composition II and the Western Cultures requirements which must also be completed.

Minimum hours required for graduation: 120 hours

Departmental distinction: A student must have a grade-point average of at least 3.25 overall and at least 3.5 in economics; complete a research project (e.g., complete ECON 294-295 or 299); and be recommended by the faculty research adviser.

HOURS

REQUIREMENTS
Economics and Statistics

6

ECON 102-Microeconomic Principles, and ECON 103-Macroeconomic Principles

18

Additional economics1 including:
ECON 300 Intermediate Microeconomic Theory and ECON 301 Intermediate Macroeconomic Theory

6

ECON 172 Economic Statistics, I and ECON 173 Economic Statistics, II; or equivalent

7-8

Mathematics, choose from:
MATH 125 Elementary Linear Algebra with Applications, and MATH 134 Calculus for Social Scientists or Math 120 and 130; or equivalent (see Economics Bulletin). Additional mathematics courses are recommended.

18

Supporting course work. 18 hours of courses outside economics but related to the student's major interest in economics (see Economics Bulletin for details and examples).

Twelve hours advanced level (300 and approved 200) courses in the major must be taken on this campus.

All foreign language requirements must be satisfied.

A Major Plan of Study Form must be completed and submitted to the LAS Student Affairs Office before the end of the fifth semester (60-75 hours). Please see your adviser.


1. Excluding ECON 199, 295, and 299.