academic catalogue

2022-2023 Catalogue

Economics

Economics Program Overview

Many of the world's most pressing problems - unemployment, inflation, poverty, inequality, discrimination, underdevelopment, environmental destruction - are economic in nature. Economics equips students with basic knowledge and analytical skills to help them see the real world through the eyes of an economist, and enable them to explain and solve real world problems. 

The Department of Business & Economics sponsors lectures, conferences, seminars, and research which promote entrepreneurship and business career opportunities for women. These activities provide students with the opportunity to discuss significant issues and experiences with successful women from the business community. A lecture series offers topical special lectures and convocations with prominent leaders in business and government. The department also sponsors seniors majoring/minoring in Business, Economics, and/or related fields to present at conferences, upon the support of external student research grants. 

Economics Minor
A minor in Economics will open students’ eyes to domestic and international issues, equipping them with the necessary analytical tools to understand contemporary economic issues and take reasoned positions in debates about economic and social policy. Students will be in a position to apply these tools in a multitude of areas in their future career. 

Economics is a very useful minor for students majoring in Business, Mathematics, and the social sciences. In particular, this minor is attractive for students preparing for business school or law school, or students who are interested in quantitative data analysis in the social sciences. Students in other areas who are interested in developing their ability to research and analyze data will also find an Economics minor very attractive.

Student Learning Outcomes

  1. Understand major economic theories. 
  2. Use mathematical models to explore real-world issues.
  3. Analyze data to reach conclusions about economic issues. 

Postgraduate Opportunities
The minor in Economics serves as a sound preparation for a variety of career paths. Many students majoring in Accounting, Business Administration, International Business, Mathematics etc. elect this minor to augment their major and have an edge in the marketplace. The minor in Economics also provides students with an excellent background for work in not only in business fields, but also prepare students for careers in law, international relations, journalism, public policy etc., as well as for admission to graduate programs of related fields.

Requirements 
A minor in Economics consists of a minimum of 18 credits distributed as follows, and none of which may be taken as pass/fail. Students must earn a minimum grade of C in courses taken toward the minor. No more than two of these courses may be transfer courses.
All courses are 3 hours unless otherwise indicated.

Foundation Courses (6 hours): 
•    ECO 102: Issues in Macroeconomics 
•    ECO 104: Issues in Microeconomics 

Electives (12 hours)
(a) Select one of the following (3 hours)
•    ECO 202: Intermediate Macroeconomics
•    ECO 204: Intermediate Microeconomics

(b) Select one of the following (3 hours)
•    ECO 206: Economic Thought
•    BUS/ECO/WST 210: Women and Economic Development

(c) Select two of the following (6 hours). Courses used for (a) and (b) may not be chosen from the above, and to fulfill this requirement, at least one course must be at the 300-level or higher.
•    ECO 202: Intermediate Macroeconomics
•    ECO 204: Intermediate Microeconomics
•    ECO 206: Economic Thought
•    BUS/ECO/WST 210: Women and Economic Development
•    ECO 300: Money and Banking
•    ECO 302: International Trade
•    ECO 330: Econometrics
•    ECO 396: Special Topics in Economics
•    ECO 451: Directed Independent Study (1-9 hours)
•    ECO 452: Field Study (1-12 hours)
•    ECO 499: Honors Thesis

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