Economics, BA
Degree: Bachelor of Arts (BA)
Major: Economics
Program Overview
The Bachelor of Arts in Economics program offered by the Weatherhead School of Management provides excellent training for a wide variety of professions. Graduates with a BA in Economics often pursue careers in:
- Business
- Data Analytics
- Finance
- Management and Economic Consulting
- Public Policy Analysis
- Public Administration
- Law
Training in economics allows students to understand how public policy and market forces interact to affect their profession, which better equips students to undertake future leadership positions in their field. Because the range of interests among economics majors is broad, faculty work with students to develop a plan of study that best fits their aspirations, career goals and interests.
Students will learn how to analyze the performance of an economy using mathematical models and empirical data analysis using statistical software, R, or Python. Students have the opportunity to assist Weatherhead faculty in their research activities and to participate in independent research projects. Students also have the flexibility to participate in the Practicum Program.
Quantitative Methods Concentration
The STEM-designated quantitative methods concentration to the major focuses on quantitative application of economic theory, using mathematics, statistics, or other data analysis techniques. It consists of 15 total courses—three more than the regular economics major. As with the general economics major, the order in which a student takes courses is flexible.
For more information, review the Weatherhead School of Management economics program website or contact the Economics Academic Representative.
Undergraduate Policies
For undergraduate policies and procedures, please review the Undergraduate Academics section of the General Bulletin.
Combined Bachelor's/Master's Programs
Undergraduate students may participate in accelerated programs toward graduate or professional degrees. For more information and details of the policies and procedures related to accelerated studies, please visit the Undergraduate Academics section of the General Bulletin.
Program Requirements
Students seeking to complete this major and degree program must meet the general requirements for bachelor's degrees and the Unified General Education Requirements. Students completing this program as a secondary major while completing another undergraduate degree program do not need to satisfy the school-specific requirements associated with this major.
The economics major may be elected in one of two formats:
- Standard economics major
- STEM-designated Quantitative Methods concentration to the standard economics major.
Major Requirements
| Code | Title | Credit Hours |
|---|---|---|
| Required Courses: | ||
| MATH 121 | Calculus for Science and Engineering I a | 4 |
| or MATH 125 | Math and Calculus Applications for Life, Managerial, and Social Sci I | |
| ECON 102 | Principles of Microeconomics | 3 |
| ECON 103 | Principles of Macroeconomics | 3 |
| ECON 307 | Intermediate Macro Theory | 3 |
| ECON 308 | Intermediate Micro Theory | 3 |
| or ECON 309 | Intermediate Micro Theory: Calculus-Based | |
| ECON 326 | Econometrics b | 4 |
| Choose one of the following: c | 3-6 | |
| Introduction to Statistical Analysis in the Social Sciences | ||
| Statistics for Business and Management Science I | ||
| Social Statistics | ||
| Basic Statistics for Social and Life Sciences | ||
| Introduction to Probability for Statistics and Introduction to Statistical Inference | ||
| Basic Statistics for Engineering and Science | ||
| Elective courses d | 15 | |
| Total Credit Hours | 38-41 | |
- a
Students considering additional coursework in mathematics (i.e. MATH 201, MATH 223, etc.) should take MATH 121 and MATH 122.
- b
ECON 326 should be taken by the junior year to enrich understanding of upper-level elective courses and to enable engagement in more sophisticated economic analysis.
- c
Students considering additional coursework in statistics should take STAT 301 and STAT 302.
- d
A minimum of five additional economics courses at the 200- or 300- level. ECON 398 does not count toward fulfilling this requirement.
Capstone Project
The standard economics major does not require a capstone as part of the major. However, students need to complete a capstone project as part of the General Education Requirements. The Economics Department offers the following courses for a capstone.
| Code | Title | Credit Hours |
|---|---|---|
| Capstone Courses: | ||
| ECON 398 | Honors Research II | 3 |
| ECON 395 | Capstone Research in Economics | 3 |
| ECON 399 | Individual Readings and Research a | 3-6 |
- a
Requires a detailed proposal, faculty sponsor, and approval by the Academic Representative for Economics.
Concentration Requirements
Concentration in Quantitative Methods
The STEM-designated Quantitative Methods concentration requires a total of 15 courses: 10-11 economics courses, and 4-5 non-economics quantitative courses. Note, while the general economics major does not require completion of a capstone in economics, the Quantitative Methods concentration does require a capstone in economics.
| Code | Title | Credit Hours |
|---|---|---|
| Required Courses: | ||
| ECON 102 | Principles of Microeconomics | 3 |
| ECON 103 | Principles of Macroeconomics | 3 |
| ECON 307 | Intermediate Macro Theory | 3 |
| ECON 308 | Intermediate Micro Theory | 3 |
| or ECON 309 | Intermediate Micro Theory: Calculus-Based | |
| ECON 326 | Econometrics | 4 |
| MATH 121 | Calculus for Science and Engineering I a | 4 |
| or MATH 125 | Math and Calculus Applications for Life, Managerial, and Social Sci I | |
| MATH 122 | Calculus for Science and Engineering II | 4 |
| or MATH 126 | Math and Calculus Applications for Life, Managerial, and Social Sci II | |
| ECON 395 | Capstone Research in Economics | 3 |
| or ECON 398 | Honors Research II | |
| Statistics course: b | 3 | |
| Choose one of the following: | ||
| Introduction to Statistical Analysis in the Social Sciences | ||
| Statistics for Business and Management Science I | ||
| Social Statistics | ||
| Basic Statistics for Social and Life Sciences | ||
| Introduction to Probability for Statistics and Introduction to Statistical Inference | ||
| Basic Statistics for Engineering and Science | ||
| Quantitative Methods courses: | 9 | |
| Choose three of the following: | ||
| Data Visualization for Social Science with AI-Augmented Coding and Analysis | ||
| Advanced Econometrics | ||
| Game Theory: The Economics of Thinking Strategically | ||
| Labor Economics: Theory, Data, and Policy | ||
| Economic Analysis of Business Strategies | ||
| Computational Methods for Economic Modeling | ||
| Electives c | 9 | |
| Total Credit Hours | 48 | |
- a
Students considering additional coursework in mathematics (i.e. MATH 201, MATH 223, etc.) should take MATH 121 and MATH 122.
- b
Students considering additional coursework in statistics should take STAT 301 and STAT 302.
- c
At least 3 credit hours must be in a 200-level or 300-level economics course. At least 3 credit hours must be taken from one of the non-economics elective lists: Mathematics, Advanced Empirical Methods in Business, Programming, or Statistics.
Non-Economics Electives
| Code | Title | Credit Hours |
|---|---|---|
| Mathematics | ||
| Introduction to Linear Algebra for Applications | ||
or MATH 307 | Linear Algebra | |
| Calculus for Science and Engineering III | ||
| Elementary Differential Equations | ||
or MATH 228 | Differential Equations | |
| Discrete Mathematics | ||
| Fundamentals of Analysis I | ||
| Advanced Empirical Methods in Business | ||
| Advanced Analytics in Credit Risk Management | ||
| Operations Research and Supply Chain Management | ||
| Programming | ||
| Introduction to Programming for Business Applications | ||
| Foundations of Engineering and Programming | ||
| Elementary Computer Programming | ||
| Statistics | ||
| Causal Learning from Data | ||
| Data Analysis and Linear Regression Models | ||
| Multivariate Analysis and Data Mining | ||
Sample Plan of Study
| First Year | ||
|---|---|---|
| Fall | Credit Hours | |
| Academic Inquiry Seminar, Breadth, or Elective course a | 3 | |
| MATH 125 or MATH 121 | Math and Calculus Applications for Life, Managerial, and Social Sci I b or Calculus for Science and Engineering I | 4 |
| ECON 102 | Principles of Microeconomics | 3 |
| MGMT 198 | Experience in Business Problem Solving d | 1.5 |
| Breadth, or Elective course a | 3 | |
| Credit Hours | 14.5 | |
| Spring | ||
| Academic Inquiry Seminar, Breadth, or Elective course a | 3 | |
| ECON 103 | Principles of Macroeconomics | 3 |
| OPRE 207 | Statistics for Business and Management Science I c or Basic Statistics for Social and Life Sciences or Introduction to Probability for Statistics or Basic Statistics for Engineering and Science or Social Statistics or Introduction to Statistical Analysis in the Social Sciences | 3 |
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| Credit Hours | 15 | |
| Second Year | ||
| Fall | ||
| ECON 326 | Econometrics | 4 |
| Major Elective | 3 | |
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| Credit Hours | 16 | |
| Spring | ||
| ECON 307 or ECON 309 | Intermediate Macro Theory or Intermediate Micro Theory: Calculus-Based | 3 |
| ACCT 106 | Spreadsheet Basics for Business and Non-Business Majors d | 1 |
| Major Elective | 3 | |
| Major Elective | 3 | |
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| Credit Hours | 16 | |
| Third Year | ||
| Fall | ||
| ECON 308 | Intermediate Micro Theory or Intermediate Micro Theory: Calculus-Based or Intermediate Macro Theory | 3 |
| Essentials of Personal Finance d or Investing for Everyone | ||
| Major Elective | 3 | |
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| Credit Hours | 15 | |
| Spring | ||
| ECON 395 | Capstone Research in Economics d | 3 |
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| Credit Hours | 15 | |
| Fourth Year | ||
| Fall | ||
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| MGMT 206 or MGMT 205 | Investing for Everyone d or Essentials of Personal Finance | 1.5 |
| MGMT 395 | Seminar d | 1 |
| Credit Hours | 14.5 | |
| Spring | ||
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| Breadth, or Elective course a | 3 | |
| MGMT 395 | Seminar d | 1 |
| MGMT 395 | Seminar d | 1 |
| Credit Hours | 14 | |
| Total Credit Hours | 120 | |