BS in Economics (37 hours*)

Program Requirements    |    View MAP

1. Minimum residence requirements is 21 hours in the major.
2. Major courses: complete the following with a grade of C– or better:
   ECON 110 : Economic Principles and Problems. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 110 : Economic Principles and Problems. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	F, W, Sp, Su
   DESCRIPTION:	Strengths and weaknesses of markets and governments for solving problems of social organization or conflict, including policy response to inflation, unemployment, pollution, poverty, growth, etc.
   
             : Honors Economic Principles and Problems.
   
   
   ECON 378 : Statistics for Economists. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 378 : Statistics for Economists. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	F, W, Sp, Su
   PREREQUISITE:	Econ 110, Math 112 (or Math 119 with a B+ or better).
   DESCRIPTION:	Introduction to matrix algebra and statistics in preparation for regression analysis. Other topics include: probability, random variables, density and distribution functions, estimation, hypothesis testing.
   
   
   (or equivalent)
   ECON 380 : Intermediate Price Theory 1. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 380 : Intermediate Price Theory 1. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	F, W, Sp
   PREREQUISITE:	Econ 110; Math 112 (or Math 119 with a B+ or better).
   DESCRIPTION:	Producer, consumer, and equilibrium theories; mathematical techniques of unconstrained and constrained optimization introduced and applied extensively.
   
   
   ECON 381 : Intermediate Macroeconomics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 381 : Intermediate Macroeconomics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	F, W, Sp
   PREREQUISITE:	Econ 110; Math 112 or concurrent enrollment.
   DESCRIPTION:	Intermediate macroeconomic theory, emphasizing income, unemployment, and price-level analysis.
   
   
   ECON 382 : Intermediate Price Theory 2. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 382 : Intermediate Price Theory 2. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	F, W, Sp
   PREREQUISITE:	Econ 380.
   DESCRIPTION:	Welfare theory, imperfect information, imperfect competition, uncertainty, externalities, and public goods.
   
   
   ECON 388 : Introduction to Econometrics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 388 : Introduction to Econometrics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	F, W, Sp
   PREREQUISITE:	Econ 378, 380.
   DESCRIPTION:	Mathematical and statistical techniques used in estimating, predicting, and testing hypotheses associated with quantifiable economic relationships.
   
   

   Note: Equivalence to Econ 378 includes Stat 321 and Math 343.

3. Supporting courses: complete the following:
   MATH 112 : Calculus 1. (4:5:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   MATH 112 : Calculus 1. (4:5:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	F, W, Sp, Su
   PREREQUISITE:	Math 110 and 111 or equivalent.
   DESCRIPTION:	Differential and integral calculus: limits; continuity; the derivative and applications; extrema; the definite integral; fundamental theorem of calculus; L'Hopital's rule.
   NOTE:	Honors also.
   
             : Honors Calculus 1.
   
   
   (Math 119 with a B+ or better may be substituted)

   Note 1: A university calculus course such as Math 112 or 113 is strongly recommended. Deferred students are encouraged to take a refresher math course such as Eng T 295R before or concurrent with Econ 378, 380, or 381.

   Note 2: For students contemplating graduate work in economics, the 500-level economics courses plus Math 113, 214, and 343 are strongly recommended.

4. Complete 15 hours from the following (at least 12 hours must be from courses 410-588):
   ECON 210 : Introduction to Agricultural Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 210 : Introduction to Agricultural Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	F
   PREREQUISITE:	Econ 110 or equivalent.
   DESCRIPTION:	Economic principles and policies applied to producing and allocating agricultural products.
   
   
   ECON 213R : Topics in Economic Analysis. (.5-3:ARR:ARR) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 213R : Topics in Economic Analysis. (.5-3:ARR:ARR) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:

   Econ 110 or equivalent.
   
   
   ECON 215 : History of Economic Thought. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 215 : History of Economic Thought. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 110 or equivalent.
   DESCRIPTION:	Development of economic doctrines from preclassical through contemporary economics. Contributions of individual writers and schools of thought.
   
   
   ECON 230 : Economic Development and Growth. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 230 : Economic Development and Growth. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 110 or equivalent.
   DESCRIPTION:	Problems and processes of economic growth and development, emphasizing less-developed nations.
   
   
   ECON 253 : Money and Banking. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 253 : Money and Banking. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 110 or equivalent.
   DESCRIPTION:	Economic principles applied to monetary analysis and policy and the banking structure.
   
   
   ECON 257 : International Trade and Finance. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 257 : International Trade and Finance. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 110 or equivalent.
   DESCRIPTION:	Economic analysis of the mechanisms, problems, institutions, and policies of trade among countries. Financial and monetary arrangements that facilitate trade.
   
   
   ECON 274 : American Economic History. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 274 : American Economic History. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 110 or equivalent.
   DESCRIPTION:	Impact on households, firms, and government of America's transformation from a rural, agricultural colony to a major industrial nation.
   
   
   ECON 275 : Public Finance. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 275 : Public Finance. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 110 or equivalent.
   DESCRIPTION:	Economics of decision making in the public sector; cost-benefit analysis and efficiency-equity issues of taxation and expenditure policies.
   
   
   ECON 410 : Agricultural Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 410 : Agricultural Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 378, 380.
   DESCRIPTION:	Application of supply and demand concepts to price determination and analysis in agricultural markets.
   
   
   ECON 413R : Topics in Economic Theory. (.5-5:ARR:ARR) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 413R : Topics in Economic Theory. (.5-5:ARR:ARR) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:

   Econ 378, 380, 381, and/or 382, depending on topic.
   
   
   ECON 415 : History of Economic Thought. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 415 : History of Economic Thought. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:

   Econ 380, 381.
   
   
   ECON 420 : Economics of Antitrust Law and Regulation. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 420 : Economics of Antitrust Law and Regulation. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 380.
   RECOMMENDED:	Econ 382.
   DESCRIPTION:	Economic analysis of reasons for--and effects of--antitrust laws and regulation in selected areas, including utilities, telecommunications, transportation, energy, health, safety, and the environment.
   
   
   ECON 421 : Law and Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 421 : Law and Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 378, 380.
   DESCRIPTION:	Common law allocative mechanisms (contract, tort, and property law) as alternatives to collective intervention when markets fail; consideration of economic logic of law.
   
   
   ECON 431 : Economic Development. (3:3.0:0.0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 431 : Economic Development. (3:3.0:0.0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	On demand.
   PREREQUISITE:	Econ 388 or Pl Sc 328.
   DESCRIPTION:	Microeconomic analysis of the causes of income differences across countries.
   
   
   ECON 432 : Economic Growth. (3:3.0:0.0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 432 : Economic Growth. (3:3.0:0.0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 380, 381.
   RECOMMENDED:	Econ 388.
   DESCRIPTION:	Theory and evidence relating to economic growth, including physical and human capital accumulation, population, technological change, institutions, and government.
   
   
   ECON 440 : Natural Resources and Environmental Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 440 : Natural Resources and Environmental Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 380; 388 or concurrent enrollment.
   DESCRIPTION:	Economic theory applied to allocation of natural resources and environmental amenities. Issues relating to externalities, common property resources, public goods, allocation of depletable natural resources over time, economic factors of environmental polarization, and others.
   
   
   ECON 450 : Financial Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 450 : Financial Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 380, 382, 388.
   DESCRIPTION:	Theory of financial economics, emphasizing capital markets, investment decisions, choice, capital asset pricing model, futures and options markets, efficient markets, and capital structures.
   
   
   ECON 453 : Monetary Theory and Policy. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 453 : Monetary Theory and Policy. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 380, 381; 388 or concurrent enrollment.
   DESCRIPTION:	Macroeconomic aspects of money demand, money supply, the monetary transmission mechanism, central bank policy, and other current issues.
   
   
   ECON 458 : International Trade Theory and Applications. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 458 : International Trade Theory and Applications. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 380.
   DESCRIPTION:	Microeconomic analysis of why nations trade, who wins and loses from trade, and the costs and benefits of various trade policies.
   
   
   ECON 459 : International Monetary Theory. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 459 : International Monetary Theory. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 380, 381, 388.
   DESCRIPTION:	Monetary and macroeconomic aspects of international relations dealing primarily with short-run balance-of-payments disequilibrium and adjustments.
   
   
   ECON 461 : Economics of Education. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 461 : Economics of Education. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	On demand.
   PREREQUISITE:	Econ 380; 388 or concurrent enrollment.
   DESCRIPTION:	Evaluation of education policy from an economic perspective, focusing on the benefits and costs of policy outcomes. Introduction to quantitative methods used by empirical education researchers.
   
   
   ECON 463 : Economics of the Labor Market. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 463 : Economics of the Labor Market. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	On demand.
   PREREQUISITE:	Econ 380; 388 or concurrent enrollment.
   DESCRIPTION:	Economic analysis and institutional background of labor markets in developed countries, particularly the United States. Typical topics include labor supply and demand analysis, determination of wages and employment, investment in education, wage differences by gender and race, immigration, and unions.
   
   
   ECON 465 : Health Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 465 : Health Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 382; 388 or concurrent enrollment.
   DESCRIPTION:	Economic models of health-care markets, including the supply and demand for health and health care, insurance, market imperfections, public-sector involvement, and regulation.
   
   
   ECON 468 : Urban Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 468 : Urban Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 380; 388 or concurrent enrollment.
   DESCRIPTION:	Economic models relating to spatial location of economic activities and development of cities. Application of economic theory to problems and policies associated with housing, urban transportation, congestion, local government finance, and other urban problems.
   
   
   ECON 474 : Topics in Economic History. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 474 : Topics in Economic History. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:

   Econ 380; 388 or concurrent enrollment.
   
   
   ECON 475 : Public Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 475 : Public Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	On demand.
   PREREQUISITE:	Econ 380, 388.
   DESCRIPTION:	Evaluation of the role of government from an economic perspective. Typical topics include taxation, externalities, public goods, corruption, public choice, Social Security, Medicare and Medicaid, education, income redistribution, and crime.
   
   
   ECON 476 : Industrial Organization. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 476 : Industrial Organization. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	On demand.
   PREREQUISITE:	Econ 378, 380, 382.
   DESCRIPTION:	Industrial organization focuses on firm behavior in imperfectly competitive markets. Typical topics include the acquisition and use of market power by firms, strategic interactions among firms, and an introduction to noncooperative game theory.
   
   
   ECON 478 : Game Theory and Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 478 : Game Theory and Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 380; 388 or concurrent enrollment.
   DESCRIPTION:	Application of game theory to study strategic interaction between individuals and organizations. Applications include imperfect competition, insurance markets, and bargaining.
   
   
   ECON 482 : Welfare Economics. (3:3.0:0.0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 482 : Welfare Economics. (3:3.0:0.0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 378, 380, 382; or equivalents.
   DESCRIPTION:	General equilibrium theorems and considerations that must guide applied economic work and provide quantitative information on the effects of alternative policy measures.
   
   
   ECON 486 : Mathematical Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 486 : Mathematical Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 378, 380.
   DESCRIPTION:	Further development of optimization and comparative statics. Differential equations and dynamic analysis.
   
   
   ECON 488 : Applied Econometrics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 488 : Applied Econometrics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	On demand.
   PREREQUISITE:	Econ 380, 388.
   DESCRIPTION:	Application of econometric methods, introduction to research design, and evaluation of empirical research. Special attention given to linking economic theory and econometrics, and causal inference.
   
   
   ECON 580 : Advanced Price Theory. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 580 : Advanced Price Theory. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	F
   PREREQUISITE:	Econ 378, 380, 382; or equivalents.
   DESCRIPTION:	Modern theories of consumers, producers, and competitive equilibria.
   
   
   ECON 581 : Advanced Macroeconomics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 581 : Advanced Macroeconomics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	F or W
   PREREQUISITE:	Econ 380, 381, 382, 388; or equivalents.
   DESCRIPTION:	Theory of determining national income, employment, inflation, and interest rates. Issues of economic fluctuations, economic growth, and monetary and fiscal policy.
   
   
   ECON 582 : Topics in Mathematical Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 582 : Topics in Mathematical Economics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	W
   PREREQUISITE:	Econ 580.
   DESCRIPTION:	Advanced topics such as risk and uncertainty, game theory, and capital theory.
   
   
   ECON 586 : Advanced Mathematics for Economists. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 586 : Advanced Mathematics for Economists. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   PREREQUISITE:	Econ 380, Math 214; or equivalents.
   DESCRIPTION:	Advanced mathematical methods that have proved useful in economic modeling.
   
   
   ECON 588 : Advanced Econometrics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   ECON 588 : Advanced Econometrics. (3:3:0) (Credit Hours:Lecture Hours:Lab Hours)
   
   OFFERED:	W
   PREREQUISITE:	Econ 380, 381, 382, 388; or equivalents.
   DESCRIPTION:	Theory and practice of formulating, estimating, and analyzing economic models.
   
   

   Note 1: The 200-level field courses are intended as interim courses as a student moves from Econ 110 into the 300-level core courses. Once the student has completed Econ 380, he or she is strongly encouraged to take the 400-level rather than the 200-level field courses.

   Note 2: Students should not take both a 200-level and a 400-level course with the same last two digits (e.g., Econ 275 and 475), although they are encouraged to take the 300- and 500-level theory classes (e.g., Econ 380 and 580).

*Hours include courses that may fulfill university core requirements.

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