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
E-mail:econug@uiuc.eduDegree 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 202, 203, 199, 398, and 399.
General education: The LAS General Education requirements are set up so students automatically complete the Campus General Education requirements.
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 399); and be recommended by the faculty research adviser.
| Hours | Requirements |
|---|---|
| 12 | Economics and Statistics: |
ECON 102–Microeconomic Principles |
|
ECON 103–Macroeconomic Principles |
|
ECON 202–Economic Statistics I |
|
ECON 203–Economic Statistics II, or equivalent |
|
| 18 | Additional economics1 including: |
ECON 302–Inter Microeconomic Theory |
|
ECON 303–Inter Macroeconomic Theory |
|
| 7-8 | Mathematics, choose one group of courses: |
MATH 125–Elementary Linear Algebra, and |
|
MATH 234–Calculus for Business I |
|
| or | |
MATH 220–Calculus I, and |
|
MATH 230–Calculus II; 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 of 300- or 400-level 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.