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.

Effective Spring 2013

Economics majors must achieve a minimum grade of 1.670 (C-) in each of the economics courses counted toward the major.

Freshman
AUCCCredits
CO 150College Composition (GT-CO2)1A3
ECON 202Principles of Microeconomics (GT-SS1)3C3
Select one course from the following: 3-4
Calculus in Management Sciences (GT-MA1)1B 
Calculus for Biological Scientists I (GT-MA1)1B 
Calculus for Physical Scientists I (GT-MA1)1B 
Arts and Humanities3B6
Historical Perspectives3D3
Electives 11-12
 Total Credits 30
Sophomore
 
ECON 204Principles of Macroeconomics (GT-SS1)3C3
Select one course from the following: 3
General Statistics  
Statistics for Business Students  
Introduction to Statistical Methods  
Biological and Physical Sciences3A7
Global and Cultural Awareness13E3
Additional Social Sciences (see course list below) 6-9
Minor/second major/interdisciplinary minor4 6
Electives 2-5
 Total Credits 30
Junior
 
ECON 304Intermediate Macroeconomics 3
ECON 306Intermediate Microeconomics4A,4B3
Select one course from the following: 3
International Political Economy  
History of Economic Institutions and Thought  
Marxist Economic Thought  
Economic History of the United States  
Recent Economic Thought  
ECON 335/AREC 335Introduction to Econometrics 3
Economics3 3-6
Minor/second major/interdisciplinary minor2 6
Advanced Writing23
Electives 3-6
 Total Credits 30
Senior
 
ECON 492Seminar4A,4B,4C3
Economics4 6
Minor/second major/interdisciplinary studies minor2 9-15
Electives5 6-12
 Total Credits 30
 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 (AUCC category 3E courses except ECON 211 may count toward the 9 credit requirement): 9
Any AUCC category 3E course except: ECON 211
World Interdependence-Population and Food (GT-SS3) 3E
Self/Community in American Culture, 1600-1877 (GT-AH2) 3D
Self/Community in American Culture Since 1877 (GT-AH2) 3D
Legal and Ethical Issues in Business
Social-Ethical-Regulatory Issues in Business
Any ETST course except: ETST 205 or ETST 430
Any GR course except: GR 210
Any HDFS course
Any HIST course not used to satisfy the AUCC 3D requirement
Any IE course except: IE 116
Media in Society (GT-SS3) 3C
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) 3A
Environmental Conservation
Natural Resources History and Policy 3D
Human Dimensions in Natural Resources
Any POLS course
Any PSY course
Any SOC course
Contemporary Social Welfare (GT-SS1) 3C
Introduction to Social Work
Human Behavior in the Social Environment
Legal Issues in Human Services
Indigenous Women, Children and Tribes
Social Welfare Policy
Introduction to Women's Studies
Seminar in Women's Studies-Social Sciences
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 120.

2

Students must complete a minor, second major, or interdisciplinary minor. 

3

Select any 2 ECON courses.

4

Select any 2 upper-division (300- or 400-level) ECON courses.

5

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).

Freshman
Semester 1CriticalRecommendedAUCCCredits
CO 150College Composition (GT-CO2) X1A3
Arts and Humanities  3B3
Historical Perspectives  3D3
Electives   6
 Total Credits   15
Semester 2CriticalRecommendedAUCCCredits
ECON 202Principles of Microeconomics (GT-SS1)X 3C3
Select one course from the following:   3-4
Calculus in Management Sciences (GT-MA1)X 1B 
Calculus for Biological Scientists I (GT-MA1)X 1B 
Calculus for Physical Scientists I (GT-MA1)X 1B 
Arts and Humanities  3B3
Electives   5-6
 Total Credits   15
Sophomore
Semester 3CriticalRecommendedAUCCCredits
ECON 204Principles of Macroeconomics (GT-SS1) X3C3
Biological and Physical Sciences  3A3
Global and Cultural Awareness  3E3
Additional Social Sciences (See List on Concentration Requirements Tab)   3
Minor/second major/interdisciplinary minor course   3
 Total Credits   15
Semester 4CriticalRecommendedAUCCCredits
Select one course from the following:   3
General StatisticsX   
Statistics for Business StudentsX   
Introduction to Statistical MethodsX   
Biological and Physical Sciences  3A4
Additional Social Sciences (See List on Concentration Requirements Tab)   3-6
Minor/second major/interdisciplinary minor course   3
Elective   0-2
 Total Credits   15
Junior
Semester 5CriticalRecommendedAUCCCredits
ECON 304Intermediate MacroeconomicsX  3
ECON 335/AREC 335Introduction to Econometrics X 3
Advanced Writing  23
Economics Elective   3
Minor/second major/interdisciplinary minor course   3
 Total Credits   15
Semester 6CriticalRecommendedAUCCCredits
ECON 306Intermediate MicroeconomicsX 4A,4B3
Select one course from the following:   3
International Political Economy    
History of Economic Institutions and Thought    
Marxist Economic Thought    
Economic History of the United States    
Recent Economic Thought    
Economics Elective   0-3
Minor/second major/interdisciplinary minor course   3
Electives   3-6
 Total Credits   15
Senior
Semester 7CriticalRecommendedAUCCCredits
Minor/second major/interdisciplinary minor courses   6
Upper-Division ECON*** course   3
Electives   6
 Total Credits   15
Semester 8CriticalRecommendedAUCCCredits
ECON 492SeminarX 4A,4B,4C3
Minor/second major/interdisciplinary minor courseX  3-9
Upper-Division ECON*** courseX  3
ElectivesX  0-6
The benchmark courses for the 8th semester are the remaining courses in the entire program of study.X   
 Total Credits   15
 Program Total Credits:   120