School of Business

School of Business - Economics Program

Class discussionBachelor of Arts in Economics
What can you do with an economics major? This program will prepare you for research, planning and management positions in business, financial institutions, non-profit organizations or government agencies.

Economics Curriculum:

A B.A. degree with a Major in Economics requires 30 hours. 

ECO 100 Principles of Macroeconomics  ............................... 3

ECO 101 Principles of Microeconomics  ................................ 3
Intermediate Distribution requirement:  ............................... 6
     Must take one of the following intermediate course sequences:

     Sequence 1    

          ECO 301 Intermediate Microeconomics (3) AND

          ECO 302 Intermediate Macroeconomics (3)

             -or-

     Sequence 2

          ECO 301 Intermediate Microeconomics (3) AND

          ECO 312 Money and Banking (3)  

             -or-

     Sequence 3

         ECO 302 Intermediate Macroeconomics (3) AND

         ECO 311 Environmental Economics (3)

Culminating Experience chosen from:  ................................. 3
     ECO 480 Economics Internship or
     ECO 498 Honors Thesis or
     ECO 499 Research in Economics

Electives chosen from the following  ................................... 15

           ECO 301 Intermediate Microeconomics (3)*

           ECO 302 Intermediate Macroeconomics (3)*

           ECO 311 Environmental Economics (3)*
           ECO 312 Money and Baking (3)*

           ECO 320 Gender and the Economy (3)

           ECO 323 Health Economics and Policy (3)

           ECO 334 International Economics (3)

              Up to 6 hours of  guided electives approved by the department

* If ECO 301, 302, 311, or 312 are not taken for the Intermediate Distribution

requirements, then they may be taken as electives. Courses may not count as

both required and elective choices.

 

Students in the major, particularly those planning to pursue graduate studies, are urged to take MAT 211 and MAT 245.


Economics Courses:

ECO 100 MACROECONOMIC PRINCIPLES 3 hours

Semester Offered:  Fall and Spring
A study of the macroeconomic principles underlying the current American economic system, including organization for production, distribution of income, business cycles, national income determination, and monetary and fiscal policies.

ECO 101 MICROECONOMIC PRINCIPLES 3 hours

Semester Offered:  Fall and Spring
A study of market structures, profit maximization, consumer demand, resource demand and pricing, resource allocation, and consumer responsiveness to price changes.

ECO 274 CONSUMER ECONOMICS 3 hours
No credit given in major for accounting, business, or economics.
Also offered as FCS 274.

Semester Offered:  Spring
An analysis of consumer decision making in the marketplace; government protection for the consumer; consumer credit institutions; insurance, investments, management of personal finances, and retirement and estate planning.

ECO 301 INTERMEDIATE MICROECONOMICS 3 hours
Prerequisite: ECO 101.
Semester Offered: Fall, Even-Numbered Years.
A continuation of study begun in ECO 101, this course proceeds to intermediate-level analysis of markets for goods and services, consumer behavior, price and product choices by business, markets for labor and other resources, and the various ways that the structure of markets affects the welfare of society.

ECO 302 INTERMEDIATE MACROECONOMICS 3 hours
Prerequisite: ECO 100.
Semester Offered: Fall, Odd-Numbered Years.
A continuation of study begun in ECO 100, this course proceeds to intermediate level analysis of national income and employment determination, theories of economic growth and fluctuation, techniques and problems of monetary and fiscal policies to achieve macroeconomic goals of full employment, price stability, economic growth, and balance of payment equilibrium, and international issues.

ECO 311 ENVIRONMENTAL ECONOMICS 3 hours

Prerequisites: ECO 101 or permission of instructor. (ECO 100 and a course in statistics are highly recommended.)
Semester Offered: Fall, Odd-Numbered Years.
The microeconomic analysis of society’s pursuit of sustainable environmental outcomes, using both the private (market) tools and public (government) policies. Market solutions are often inefficient with respect to the natural environment, and this course examines the ways that governments may enhance both the efficiency and equity with which environmental/ecological resources are utilized. Attention is given to topics such as global climate change, acid rain, ozone, wilderness preservation wetlands, biodiversity, and water quality. Topics also include Natural Resource management, in particular forestry and ocean fisheries. An examination of “best practices” in management of natural resources, and the ways governments can improve outcomes for present and future generations using tools such as effluent taxes, benefit-cost analysis, camp-and-trade policies, public ownership of resources, best technology requirements, and input taxes.

ECO 312 MONEY AND BANKING 3 hours

Prerequisites: ECO 100 (ECO 101 is recommended.)
Semester Offered: Spring, Even-Numbered Years.
A study of contemporary monetary theory and policy, including an examination of the value and purchasing power of money; the role of commercial banks; the central banking system and its monetary controls; and the relationship among prices, production, employment, and economic growth. 

ECO 320 GENDER AND THE ECONOMY 3 hours
Semester Offered: Spring, Odd-Numbered Years

An examination of the economic consequences of the shift of women into the labor force and the changing roles of men and women.  Not open to freshmen.

ECO 323 HEALTH ECONOMICS AND POLICY 3 hours
Prerequisite: ECO 101.
Semester Offered: Fall, Even-Numbered Years

This course applies the tools of economic analysis to the health care service industry.  Issues to be studied include demand and supply for medical care, health insurance markets, government health care programs, medical malpractice, competition versus regulation, and national health care reform. 

ECO 334 INTERNATIONAL ECONOMICS 3 hours
Prerequisites: ECO 100 (ECO 101 is recommended.)
Semester Offered: Spring
A study of the foundations of international trade theory; development of international economic policies; foreign exchange and payments systems; and international institutions supporting trade, with special emphasis on the role of multinational corporations and common markets.

ECO 480 ECONOMICS INTERNSHIP 3 hours
Semester Offered: Fall and Spring
Supervised experience in industry or governmental institutions where work is related to economic analysis.  Limited to Economics majors with a minimum GPA of 2.00 and 15 hours in economics.  Can be taken only once.  Students may receive credit for only one Business School Internship course chosen from the following:  BUS 480, 481 or ECO 480.  May not be taken simultaneously with COE 302 or COE 403.  Pass/fail grading only.

ECO 498 HONORS THESIS IN ECONOMICS 3 HOURS
Semester Offered: Fall and Spring
Joint participation by students and faculty in the discovery, examination, and analysis of knowledge in economics. The project must meet Honors Program thesis requirements as well as expectations of economics faculty.  Open to seniors in the Honors and/or Teaching Fellows programs only.


ECO 499 RESEARCH IN ECONOMICS 1 to 3 HOURS
Semester Offered: Fall and Spring
Joint participation by students and faculty in the discovery, examination, and analysis of knowledge in economics.  Open to juniors and seniors with a declared major, minor, or concentration in economics. May be repeated for credit for a maximum of six credit hours.

Economics Links:

Programs of Study

 

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