Economics is the study of choice and how choices made by individuals and society affect our standard of living. Its subject matter is society, how people choose to lead their lives and how they interact. Economics brings methods of science to the fundamental questions and problems faced by society. By doing so, economics helps us understand and explain a variety of topics such as employment, inflation, business cycles, economic growth, markets, production, distribution, wages, profits, interest rates, money, taxes, competition, monopoly, international trade, economic history, public policy and many others. Courses range from the very practical and applied to the more abstract and theoretical.
The economics major provides students with a strong foundation in economics and the opportunity to select from a broad range of upper-division courses. It allows the flexibility to craft a program related to individual student interests and goals. For example, students preparing for graduate school in economics or interested in a career in technical economic analysis would be advised to take a program similar to the economics major with mathematics option. Those considering careers in the private sector are advised to add a strong business minor. Business majors seeking a strong economics background or a dual major in economics should take the economics major, if they want a BA in economics, or the economics major offered through business administration, if they want a BAB with emphasis in economics. All prospective economics majors or business students thinking of a second major are urged to consult with an Economics Department advisor to tailor a program best suited to their goals. There is a 20 credit minor available to those students who want to demonstrate expertise in economics to complement their major.
What will I study?
Required Economics Core (42-43 Credits)
ECON 200 Introduction to Microeconomics (5)
ECON 201 Introduction to Macroeconomics (5)
ECON 404 Intermediate Microeconomic Theory (5)
ECON 405 Intermediate Macroeconomic Theory (5)
ECON 437 Econometrics (5)
ECON 490 Capstone (5)
ACCT 251 Principles of Financial Accounting (4)
FINC 335 Financial Management (4)
DSCI 245 Data Analysis for Business (4)
or MATH 380 Elementary Probability and Statistics (5)
Note: ECON 200 and ECON 201 waived by completion of ECON 437 with 3.0 or better and MATH 161 Calculus I (5)
Note: Two years of a single high school foreign language or one year of a single foreign language at college level is required for this major.
Required Economics Electives (25 credits)
Select upper-division economics courses.
Emphases / Concentrations:
- use supply and demand modeling to predict and/or explain some economic events
- use quantitative skills to analyze economic data
- understand the use of fiscal and monetary policies in addressing contemporary macroeconomic issues
- understand and apply the Cost/Benefit Principle to current socio-economic issues
What could I do with my degree?
- A major in economics prepares students for careers in a wide variety of private and public sector occupations as well as for graduate study in economics, law, public policy and business. Past graduates have worked as stockbrokers, bankers, union officials, market analysts, managers, researchers and salespersons. Export/import firms, public utilities, consulting firms, railroads, airlines, banks and a variety of local, state and federal government agencies, have employed them. Others have successfully completed graduate studies in economics at schools such as Yale, Purdue, UCLA, Rice, Oregon, Washington State University and the University of Washington or received law and MBA degrees at numerous other universities.