Department of Economics (ECO)
George A. 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 J. 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 SCIENCE IN BUSINESS ADMINISTRATION
BSBA majors in the Department of Economics must complete (1) the core
curriculum requirements; (2) the College of Business core course requirements;
and (3) the requirements of the chosen major (listed below).
BSBA IN ECONOMICS
Additional Foundation Courses:
ECO 3010, Intermediate Price Theory 3 s.h.
ECO 3020, Macroeconomic Analysis 3 s.h.
Capstone/Applied Research Course:
ECO 4810, Seminar in Economics 3 s.h.
Electives: 6 s.h.
Six semester hours (two courses) of economics courses at the
3000 level or above.
College of Business Electives (3000 or above): 9 s.h.
(May include additional economics courses)
BSBA double major in economics and a functional area of business requires
careful selection of elective courses so as to satisfy the requirements of both
majors.
BACHELOR OF ARTS DEGREE IN ECONOMICS
The Bachelor of Arts degree with a major in economics is offered in the College
of Arts and Sciences in cooperation with the Department of 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.
BS IN SOCIAL SCIENCE (WITH TEACHING LICENSURE)
WITH A CONCENTRATION IN ECONOMICS
For the curriculum for a major in social science with a concentration in
economics leading to the Bachelor of Science degree, see the economics
department chairperson. For the requirements in teacher education, see the
Department of Curriculum and Instruction.
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 an 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)
This catalog reflects only the fall and spring semester courses. Courses
offered in summer terms can be found in the Summer Sessions Bulletin.
(For a description of the course abbreviations used in the following list of
courses, see the index for abbreviations.)
SPECIAL NOTE ABOUT ENROLLMENT IN UPPER LEVEL BUSINESS CLASSES:
Undergraduate students seeking a B.A. in Economics may take any 3000 or 4000
level economics course without restriction under the following condition: the
student has completed all course prerequisites. Only juniors or seniors may
enroll in 3000 level courses and only seniors may enroll in 4000 level courses.
Unrestricted enrollment by undergraduates in 3000 and 4000 level courses in the
College of Business is limited to students admitted to the College of Business.
Other undergraduates, including declared business majors not admitted to the
College of Business, may take at most five courses at the 3000 or 4000 level
(unless more is specified by a required minor, required concentration, or
non-business major) under the following conditions: the student has a
cumulative GPA of at least 2.0 and has completed all course prerequisites. Only
juniors or seniors may enroll in 3000 level courses and only seniors may enroll
in 4000 level courses.