The following are requirements for students entering the program prior to Fall 2002. All other students should consult the current requirements for the Economics major or the Applied Economics major.

Requirements prior to Fall 2002:

• Economics
• Applied Economics

Economics Major

The 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 ECONOMICS requires 39 hours of course work, including 9 hours of supporting coursework in other departments, plus completion of a minor or a second major in a discipline related to economics.

Students intending to pursue graduate study in law, business, economics, or other social sciences are encouraged to choose the ECONOMICS major. Students who are more interested in economic theory and the analytical approach to economics may also prefer the ECONOMICS major. Students majoring in ECONOMICS may simultaneously complete the requirements for the APPLIED ECONOMICS major by including ECO 3104, Applied Microeconomics, and ECO 4431, Economic Forecasting, among their electives.

The ECONOMICS major requires completion of the following courses:

Principles

6 credit hours to be completed before declaring the major.

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

Core

At least one (1) course per term until completed for a total of 9 credit hours.

• ECO 3223 Financial Markets, the Banking System and Monetary Policy
• ECO 4101 Intermediate Microeconomic Theory
• ECO 4203 Intermediate Macroeconomic Theory [ECO 3223 is prerequisite]

Supporting Courses

For a total of 9 credit hours.

• MAC 1105 College Algebra
  • Includes precalculus. Substitutes: MAC 1104, 1140, or 1141. MAC 1102 is not a substitute.
• STA 2023 Fundamental Business Statistics
• ACG 2021 Introduction to Financial Accounting

Economics Electives

Completion of an additional 15 hours of upper division economics elective courses with prefixes ECO, ECP, or ECS, including at least two courses at the 4000 level and at least two courses chosen from a single subject area within economics.

Currently available subject areas are:

ECO 3933 (Special Topics) can sometimes be counted toward an appropriate subject area with approval of the Undergraduate Director.

Minor or Second Major

Students majoring in ECONOMICS must also complete a minor or a second major in a field related to economics. (Other minors or second majors 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.

Applied Economics Major

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 42 hours of course work, including 15 hours of supporting coursework in other departments, plus completion of a minor or a second major in a discipline related to economics.

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, and ECO 4203, Intermediate Macroeconomic Theory, among their electives.

The APPLIED ECONOMICS major requires completion of the following courses:

Principles

6 credit hours to be completed before declaring major.

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

Core

At least one (1) course per term until completed for a total of 9 credit hours.

• ECO 3223 Financial Markets, the Banking System and Monetary Policy
• ECO 3104 Applied Microeconomic Analysis [STA 2023 is prerequisite]
• ECO 4431 Applied Economic Forecasting [STA 2023 is prerequisite]

Supporting Courses

For a total of 15 credit hours.

• MAC 1105 College Algebra
  • Includes precalculus. Substitutes: MAC 1104, 1140, or 1141. MAC 1102 is not a substitute.
• STA 2023 Fundamental Business Statistics
• ACG 2021 Introduction to Financial Accounting
• ACG 2071 Introduction to Managerial Accounting
• CGS 2100 Microcomputer Applications for Business & Economics
  (meets computer literacy requirement)

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. Students participating in the internship program earn up to 6 hours of elective credit by completing the requirements for ECO 4922 and ECO 4944.

Minor or Second Major

Students majoring in APPLIED ECONOMICS must also complete a minor or a second major in a field related to economics. (Other minors or second majors 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.