Department of Economics (ECO)
George Schieren, Chair
Todd L. Cherry
J. Paul Combs
Jean-Pierre Courbois
John W. Dawson
Larry V. Ellis
L. Peter Frykblom
Peter A. Groothuis
Kellie L. Maske
Larry T. McRae
Stephen W. Millsaps
Timothy Perri
The objectives of the Department of Economics are:
1. to provide the basic institutional and theoretical knowledge required for
the understanding of the functioning of the American economy and the world
economy and for the understanding and analysis of current economic issues
and problems;
2. to develop the institutional and theoretical knowledge and analytical
abilities necessary to prepare students for careers in business and
government as managers and researchers on social and business problems; and
3. to prepare students who seek to become professional economists and/or
economic educators for graduate school.
BACHELOR OF ARTS DEGREE IN ECONOMICS
Students may earn a Bachelor of Arts degree in economics by completing the
following requirements in addition to the requirements of the College of Arts
and Sciences:
Core curriculum mathematics requirement:
MAT 1030 Calculus with Business Applications 4 s.h.
(MAT 1110 is an acceptable substitute.)
Foundation Courses:
ECO 2030/2040, Principles of Economics 6 s.h.
ECO 2100, Business and Economic Statistics I 3 s.h.
ECO 3010, Intermediate Price Theory 3 s.h.
ECO 3020, Macroeconomic Analysis 3 s.h.
One of the following:
ECO 2200, Business and Economic Statistics II 3 s.h.
ECO 4740, Applications for Forecasting Techniques 3 s.h.
ECO 4750, Econometrics 3 s.h.
Capstone/Applied Research Course:
ECO 4810, Seminar in Economics 3 s.h.
Electives: 12 s.h.
12 semester hours (4 courses) of economics courses at the 3000 level or
above.
A candidate for the Bachelor of Arts degree may count NOT more than a total of
40 hours above core curriculum requirements in Economics.
122 semester hours are required for the degree. In addition to core
curriculum, major and minor requirements, electives must be taken to meet the
total required minimum hours. Two semester hours of free electives OUTSIDE the
major discipline are required.
BACHELOR OF SCIENCE IN SOCIAL SCIENCES EDUCATION
(with teacher licensure and a concentration in Economics)
The Bachelor of Science degree and teacher licensure in Social Sciences
education requires 123 semester hours consisting of the core curriculum, the
Social Sciences education core, a concentration, professional education
requirements (see Reich College of Education), and electives (if needed) to
reach the required minimum of 123 hours. The required Social Science core
courses are ANT 1215(MC) and 2400(MC); ECO 2030 and 2040(ND); GHY 1010 and
1020(MC) or GHY 1510 and GHY 1515(MC); HIS 2201 and 2204; PS 1100 and 2130; SOC
1000 and 1100; CI 3100; RE 4630; and STT 2810(ND,C) or ECO 2100(ND). A minimum
grade of "C" is required in CI 3100 and RE 4630 and all professional education
courses. A concentration is required in one of the social sciences
(anthropology, economics, geography, history, political science, or sociology).
A concentration in economics for the social sciences education degree requires
ECO 3010, 3020, and nine additional semester hours in economics numbered 3000
or above. MAT 1030(ND) is recommended.
INTERNATIONAL ECONOMICS AND BUSINESS OPTIONS
International economics and business options are available for students
pursuing a Bachelor of Arts or a Bachelor of Science in Business Administration
with a major in economics. The program is jointly administered by the
Department of Economics and the Department of Foreign Languages and
Literatures. Students participating in the program have an advisor in each
department.
The program combines a major in economics and a major or minor in a foreign
language. Students are also advised to pursue a minor in international
business. A minimum overall GPA of 2.0 is required for the courses included in
the minor.
The various options are as follows:
Bachelor of Arts with a double major in economics and one foreign language
(French or Spanish)
Bachelor of Arts in economics with a minor in French, German or Spanish.
Bachelor of Science in Business Administration with a major in economics and
a minor in French, Spanish or German.
Under all three options, the student is expected to demonstrate proficiency
(reading and speaking) in the language selected. At least 15 hours of courses
in the language, civilization and culture of the chosen country or area is
recommended beyond the 1050 level. Also students are expected to participate,
if possible, in any one or more of the following programs:
1. Pursue a minor in international business (15 semester hours);
2. Complete a semester or summer session of business study abroad in the
country of their choice;
3. Complete in internship abroad (usually 6 hours).
For further information, students should consult both the chairperson of the
Department of Economics and the chairperson of the Department of Foreign
Languages and Literatures.
MINOR IN ECONOMICS
(for non-business majors only)
A minor in economics consists of ECO 2030, 2040, and nine semester hours of
economics electives numbered 3000 or above.
A minimum overall GPA of 2.0 is required for the courses included in the minor.
COURSES OF INSTRUCTION IN ECONOMICS (ECO)
For the Economics (ECO) course descriptions, see the Department of Economics
section under the College of Business.