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:

  1. Standard economics major 
  2. STEM-designated Quantitative Methods concentration to the standard economics major.
The standard economics major requires at least 38 credit hours of coursework (at least 12 courses total). The Quantitative Methods concentration to the economics major requires at least 48 credit hours of coursework (at least 15 courses total).
 
Students who desire a Secondary Major in economics should consult with the Academic Representative for Economics

Major Requirements

Required Courses:
MATH 121Calculus for Science and Engineering I a4
or MATH 125 Math and Calculus Applications for Life, Managerial, and Social Sci I
ECON 102Principles of Microeconomics3
ECON 103Principles of Macroeconomics3
ECON 307Intermediate Macro Theory3
ECON 308Intermediate Micro Theory3
or ECON 309 Intermediate Micro Theory: Calculus-Based
ECON 326Econometrics b4
Choose one of the following: c3-6
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 d15
Total Credit Hours38-41
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.

Capstone Courses:
ECON 398Honors Research II3
ECON 395Capstone Research in Economics3
ECON 399Individual Readings and Research a3-6
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. 

Required Courses:
ECON 102Principles of Microeconomics3
ECON 103Principles of Macroeconomics3
ECON 307Intermediate Macro Theory3
ECON 308Intermediate Micro Theory3
or ECON 309 Intermediate Micro Theory: Calculus-Based
ECON 326Econometrics4
MATH 121Calculus for Science and Engineering I a4
or MATH 125 Math and Calculus Applications for Life, Managerial, and Social Sci I
MATH 122Calculus for Science and Engineering II4
or MATH 126 Math and Calculus Applications for Life, Managerial, and Social Sci II
ECON 395Capstone Research in Economics3
or ECON 398 Honors Research II
Statistics course: b3
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 c9
Total Credit Hours48
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 

Mathematics
Introduction to Linear Algebra for Applications
Linear Algebra
Calculus for Science and Engineering III
Elementary Differential Equations
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

Plan of Study Grid
First Year
FallCredit Hours
Academic Inquiry Seminar, Breadth, or Elective course a 3
MATH 125
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 Hours14.5
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 Hours15
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 Hours16
Spring
ECON 307
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 Hours16
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 Hours15
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 Hours15
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
Investing for Everyone d
or Essentials of Personal Finance
1.5
MGMT 395 Seminar d 1
 Credit Hours14.5
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 Hours14
 Total Credit Hours120
a

Unified General Education Requirement.

b

Students considering additional coursework in mathematics (i.e. MATH 201, MATH 223, etc.) should take MATH 121 and MATH 122.

c

Students considering additional coursework in statistics should consider STAT 301 and STAT 302

d

Not required for the major but highly suggested.