These requirements apply to students entering the University in Fall 2002 or later. Students majoring in Applied Economics must also satisfy the University degree requirements for graduation.

The Applied Economics major is a limited access program. Admission to the major requires completion of at least 52 credit hours of college courses with a cumulative GPA of 2.50 or better, including ECO 2013, Principles of Macroeconomics, with a grade of C or better (C- is not acceptable) and ECO 2023, Principles of Microeconomics, with a grade of C or better (C- is not acceptable). The major in Applied Economics requires 39 hours of course work, including 12 hours of supporting coursework in other departments, plus completion of a minor in a discipline related to economics or a second major.

Students intending full-time employment immediately after receipt of the baccalaureate degree are encouraged to choose the Applied Economics major. Students who are more interested in a problem-solving approach to economics may also prefer the Applied Economics major. Students majoring in Applied Economics may simultaneously complete the requirements for the Economics major by including ECO 4101, Intermediate Microeconomic Theory; ECO 4203, Intermediate Macroeconomic Theory; and ECO 4421, Introduction to Econometrics, among their electives.

Students must earn a C- or better in all economics courses used to satisfy major requirements (C or better in ECO 2013 and ECO 2023) and maintain an overall GPA of 2.00 in economics and supporting courses.

The Applied Economics major requires completion of the following courses:

Principles

To be completed before declaring major. A total of 6 credit hours.

• ECO 2013 Principles of Macroeconomics (Grade of C or better)
• ECO 2023 Principles of Microeconomics (Grade of C or better)
   

Core Courses

For a total of 9 credit hours, at least one (1) per term until all are completed.

• ECO 3223 Financial Markets, the Banking System and Monetary Policy
• ECO 3104 Applied Microeconomic Analysis [Statistics is prerequisite]
• ECO 4431 Applied Economic Forecasting [Statistics is prerequisite]

Supporting Courses

For a total of 12 credit hours.

• MAC 1105 College Algebra
  • Includes precalculus. Substitutes: MAC 1140 or 1141.
  MAC 2311, Calculus with Analytic Geometry I or MAC 2233, Calculus for Buisness, is recommended
• ACG 2021 Introduction to Financial Accounting
• One of the following:
  • STA 2122 Introduction to Applied Statistics (recommended), or
• STA 4321 Introduction to Mathematical Statistics (recommended), or
• STA 2023 Fundamental Business Statistics
• One of the following:
  • ACG 2071 Introduction to Managerial Accounting, or
• FIN 3403 Financial Management of the Firm

Economics Elective Courses

Completion of an additional 12 hours of upper division economics elective courses with prefixes ECO, ECP, or ECS. Applied Economics majors are encouraged to seek an internship placement. (See Internship for more information.) A maximum of 3 hours of credit in internship courses (ECO 4922 and ECO 4944) may be used to satisfy the elective requirements for the Applied Economics major.

Minor or Second Major

Students majoring in Applied Economics must also complete a minor in a field related to economics or a second major. (Other minors may be approved at the discretion of the Undergraduate Director.) The requirements for a minor are determined by the department in which the minor is taken. Minors typically require 12-18 hours of credit.

Computer Competency

Students majoring in Applied Economics must satisfy the University's computer competency requirement by completing ECO 4431 with a grade of C- or better.