MAJOR IN ECONOMICS. Potential Occupations. Learning Outcomes. Requirements Effective Fall Major in Economics 1
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1 Major in Economics 1 MAJOR IN ECONOMICS Economics is the study of how people and societies use scarce resources to produce the things they want. Economic theory provides a framework for understanding economic issues, analyzing and predicting the likely effects of economic behavior and government policies, and formulating efficient and equitable solutions to pressing economic problems. A strong liberal arts curriculum including arts and humanities, social and natural sciences, advanced composition, mathematics, and statistics provides the depth and breadth of knowledge needed to systematically and logically analyze problems, generate and test ideas, and develop effective communication and quantitative skills. Economics majors develop an appreciation of economic issues, and learn to analyze and critically evaluate economic phenomena and policies. The major core includes four semesters of economic theory, a semester of econometrics, a senior capstone seminar, and several semesters of economics electives covering a wide variety of economic topics from environmental and natural resource economics to the history of economic institutions and political economy. Learning Outcomes Students will: Display command of basic microeconomic concepts such as rationality, cost/benefit, supply and demand theory, decision making at the margin, monopoly and competition, and efficiency and equity. Display command of basic macroeconomic concepts such as aggregate demand and supply, fiscal and monetary policy, and the use of these policies in the macro-economy. Understand and analyze basic economic issues found in the news and understand how the economic aspects of society work. Potential Occupations Economists are employed in a wide variety of fields from education and research to business and government. Nonprofit and international organizations use economists in overseas development, environmental conservation, and international relations. Economics, like many liberal arts majors, provides students with a broad academic background suitable for a variety of jobs. Economics majors are trained to think independently and critically, communicate effectively, and function in a multicultural world. Many employers appreciate liberal arts majors for their multiple skills and their ability to adapt to a variety of tasks and work environments. Careers for graduates are available in education, business, and government. Participation in internships or cooperative education opportunities is highly recommended to enhance practical training and development. Graduates who go on for advanced studies can pursue careers in economics or attain advanced positions with the possibility of rising to top professional levels. Depending on interests, the electives taken, or the minor selected, available career choices include, but are not limited to: commodities/ stock broker, financial analyst, economic forecaster, trust administrator, loan counselor, pension funds administrator, foreign trade analyst, public policy analyst, regional/urban planner, foreign service officer, tax auditor, natural resource analyst, educator, program administrator, researcher, community organizer, environmental activist, international aid organization analyst or administrator, marketing analyst, purchasing agent, public relations/media planner, program consultant, contract administrator, systems evaluator, personnel planner, portfolio administrator, finance manager, secondary school teacher. Requirements Effective Fall 2017 Economics majors must achieve a minimum grade of (C-) in each of the economics courses counted toward the major. Freshman AUCC Credits CO 150 College Composition (GT-CO2) 1A 3 ECON 202 Principles of Microeconomics (GT-SS1) 3C 3-4 MATH 141 Calculus in Management Sciences (GT-MA1) 1B MATH 155 Calculus for Biological Scientists I (GT-MA1) 1B MATH 160 Calculus for Physical Scientists I (GT-MA1) 1B Arts and Humanities 3B 6 Historical Perspectives 3 Electives Sophomore ECON 204 Principles of Macroeconomics (GT-SS1) 3C 3 STAT 201 General Statistics STAT 204 Statistics for Business Students STAT 301 Introduction to Statistical Methods STAT 307 Introduction to Biostatistics STAT 311 Statistics for Behavioral Sciences I
2 2 Major in Economics STAT 315 Statistics for Engineers and Scientists Biological and Physical Sciences 3A 7 Global and Cultural Awareness 1 3E 3 Additional Social Sciences (see course list below) 6-9 Minor/second major/interdisciplinary minor 2 6 Electives 2-5 Junior ECON 304 Intermediate Macroeconomics 3 ECON 306 Intermediate Microeconomics 4A,4B 3 ECON 335/AREC 335 Introduction to Econometrics 3 ECON 332/POLS 332 International Political Economy ECON 372 History of Economic Institutions and Thought ECON 376 Marxist Economic Thought ECON 379/HIST 379 Economic History of the United States ECON 474 Recent Economic Thought ECON XXX Minor/second major/interdisciplinary minor 2 6 Advanced Writing 2 3 Electives 3-6 Senior ECON 492 Seminar 4A,4B,4C 3 ECON 3XX or ECON 4XX 6 Minor/second major/interdisciplinary studies minor Electives Program Total Credits: 120 Additional Social Sciences Code Title AUCC Credits Select any 3 courses from the following list for a minimum of 9 credits: 9 Any AUCC category 3E course except: ECON 211 AGRI 270 AMST 100 AMST 101 World Interdependence-Population and Food (GT-SS3) Self/Community in American Culture, (GT-AH2) Self/Community in American Culture Since 1877 (GT-AH2) Any ANTH course except: ANTH 120, ANTH 121, ANTH 370, ANTH 372, ANTH 373, ANTH 374, ANTH 375, ANTH 376 BUS 205 BUS 260 Any ETST course except: ETST 205 or ETST 430 Any GR course except: GR 210 HDFS XXX Legal and Ethical Issues in Business Social-Ethical-Regulatory Issues in Business Any HIST course not used to satisfy the AUCC requirement Any IE course except: IE 116 3E
3 Major in Economics 3 JTC 100 Media in Society (GT-SS3) 3C JTC 311 JTC 316 JTC 411 JTC 412 JTC 413 JTC 414 JTC 415 NR 120A NR 120B NR 320 NR 330 POLS XXX PSY XXX SOC XXX SOWK 110 SOWK 150 SOWK 233 SOWK 350 SOWK 352 SOWK 410 History of Media Multiculturalism and the Media Media Ethics and Issues International Mass Communication New Communication Technologies and Society Media Effects Communications Law Environmental Conservation (GT- SC2) Environmental Conservation Natural Resources History and Policy Human Dimensions in Natural Resources Contemporary Social Welfare (GT- SS1) Introduction to Social Work Human Behavior in the Social Environment Legal Issues in Human Services Indigenous Women, Children and Tribes Social Welfare Policy WS 200 Introduction to Women's Studies 3C WS 472 Seminar in Multiracial & Decolonial Feminisms 3A 3C 1 Select from the list of courses in category 3E of the AUCC. This course (except ECON 211) may also fulfill the Additional Social Sciences requirement. This course may also fulfill a requirement within a minor, second major, or interdisciplinary minor. If ECON 211 is chosen, it may also be used to fulfill the Economics requirement in footnote 3. If selecting a course that will double count for requirements within this major, then select enough elective credits to bring the program total to Students must complete a minor, second major, or interdisciplinary minor. Select any 2 ECON courses. Select enough elective credits to bring the program total to a minimum of 120 credits, of which at least 42 must be upper-division (300- to 400-level). Major Completion Map Freshman Semester 1 Critical Recommended AUCC Credits CO 150 College Composition (GT-CO2) X 1A 3 Arts and Humanities 3B 3 Historical Perspectives 3 Electives 6 Semester 2 Critical Recommended AUCC Credits ECON 202 Principles of Microeconomics (GT-SS1) X 3C 3-4 MATH 141 Calculus in Management Sciences (GT-MA1) X 1B MATH 155 Calculus for Biological Scientists I (GT-MA1) X 1B MATH 160 Calculus for Physical Scientists I (GT-MA1) X 1B
4 4 Major in Economics Arts and Humanities 3B 3 Electives 5-6 Sophomore Semester 3 Critical Recommended AUCC Credits ECON 204 Principles of Macroeconomics (GT-SS1) X 3C 3 Biological and Physical Sciences 3A 3 Global and Cultural Awareness 3E 3 Additional Social Sciences (See List on Concentration Requirements Tab) 3 Semester 4 Critical Recommended AUCC Credits STAT 201 General Statistics X STAT 204 Statistics for Business Students X STAT 301 Introduction to Statistical Methods X STAT 307 Introduction to Biostatistics X STAT 311 Statistics for Behavioral Sciences I X STAT 315 Statistics for Engineers and Scientists X Biological and Physical Sciences 3A 4 Additional Social Sciences (See List on Concentration Requirements Tab) 3-6 Elective 0-2 Junior Semester 5 Critical Recommended AUCC Credits ECON 304 Intermediate Macroeconomics X 3 ECON 335/ AREC 335 Introduction to Econometrics X 3 Advanced Writing 2 3 Economics XXX 3 Semester 6 Critical Recommended AUCC Credits ECON 306 Intermediate Microeconomics X 4A,4B 3 ECON 332/ POLS 332 International Political Economy ECON 372 History of Economic Institutions and Thought ECON 376 Marxist Economic Thought ECON 379/ HIST 379 Economic History of the United States ECON 474 Recent Economic Thought Economics XXX 0-3 Electives 3-6 Senior Semester 7 Critical Recommended AUCC Credits Minor/second major/interdisciplinary minor courses 6 ECON 3XX or 4XX 3
5 Major in Economics 5 Electives 6 Semester 8 Critical Recommended AUCC Credits ECON 492 Seminar X 4A,4B,4C 3 Minor/second major/interdisciplinary minor course X 3-9 ECON 3XX or 4XX X 3 Electives X 0-6 The benchmark courses for the 8th semester are the remaining courses in the entire program of study. Program Total Credits: 120 X
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