Major Requirements
Course Requirements
Course List
| Course |
Title |
Quarter Hours |
| ECO 105 | PRINCIPLES OF MICROECONOMICS | 4 |
| ECO 106 | PRINCIPLES OF MACROECONOMICS | 4 |
| ECO 305 | INTERMEDIATE MICROECONOMICS | 4 |
| ECO 306 | INTERMEDIATE MACROECONOMICS | 4 |
| 32 |
| MAT 136 | BUSINESS CALCULUS II | 4 |
| MAT 137 | BUSINESS STATISTICS (or an equivalent statistics course approved by an Economics advisor) | 4 |
MAT 135 is not a requirement for the major but its successful completion is a prerequisite for MAT 136. MAT 135 is approved to count for the Liberal Studies Program’s Scientific Inquiry-Elective learning domain.
MAT 150 and MAT 151 may be substituted for MAT 135 and MAT 136.
Focus Areas for Economics Majors/Minors
The Economics major requires students to complete principles of micro- and macroeconomics, intermediate micro- and macroeconomic theory, 2 terms of calculus, and 1 term of statistics. While the program does not require students to select a particular concentration for their studies, students may want to focus the selection of their economics electives to match their academic and future career interests. The department recommends the following Focus Areas as an advising tool for students to use in their course selection. In addition to the courses listed below, the department offers Special Topics courses [ECO 398] that may be relevant to one or more of the Focus Areas.
Focus Areas
| Focus Area |
Description |
Occupations |
| Business Strategy |
For students interested in understanding how market competition and government regulation affects the behavior of business. |
Pricing/Revenue Analyst; Business Development Analyst; Consulting |
| International Economics |
For students interested in understanding how international markets work, how businesses handle international operations, and how countries develop trade and development policies. |
International Trade Analyst; International Business Development; Positions with multinational companies related to their overseas operations |
| Financial Economics |
For students interested in understanding how the banking sector and financial markets work. |
Financial Analyst; Credit Analyst; Valuation Analyst; Risk Analyst |
| Data Analytics |
For students interested in enhancing their data analytical skills beyond the basic statistic requirement. This FA is a good complement to all other FAs as data analytics is used in many types of occupations. |
Consulting; Data Analyst; Research Analyst |
| Economic Policy and Market Analysis |
For students interested in government policy and its effect on the economy. |
Economics Analyst (federal, state, and local government agencies); Policy Analyst; Legislative Liaison |
| Preparation for PhD in Economics |
For students interested in pursuing a PhD in Economics |
A Ph.D. in Economics is needed for academic and research-based employment in think tanks and government agencies |
Relevant Coursework
Business Strategy
Course List
| Course |
Title |
Quarter Hours |
ECO 313 | MARKET STRUCTURE AND REGULATION OF BUSINESS 1 | |
ECO 321 | LAW & ECONOMICS | |
ECO 379 | GAME THEORY 1 | |
ECO 398 | SPECIAL TOPICS | |
| |
ECO 335 | ENERGY AND ENVIRONMENTAL ECONOMICS | |
ECO 326 | HEALTH ECONOMICS | |
International Economics
Course List
| Course |
Title |
Quarter Hours |
ECO 360 | ECONOMICS OF LOW-INCOME COUNTRIES | |
ECO 361 | INTERNATIONAL TRADE | |
ECO 362 | INTERNATIONAL MONETARY ECONOMICS | |
ECO 330 | RADICAL RESPONSES TO CAPITALISM | |
ECO 333 | TOPICS IN GLOBAL ECONOMIES | |
ECO 340 | DEVELOPMENT OF ECONOMIC THOUGHT 1 | |
ECO 316 | EUROPEAN ECONOMIC HISTORY | |
Note: Students may want to add a language to this FA.
Financial Economics
Course List
| Course |
Title |
Quarter Hours |
ECO 315 | INTRODUCTION TO MONEY AND BANKING | |
ECO 322 | FINANCIAL MARKET REGULATION | |
ECO 362 | INTERNATIONAL MONETARY ECONOMICS | |
Note: students in both the BA and BSB Economics programs have the option of minoring in Finance.
Data Analytics
Course List
| Course |
Title |
Quarter Hours |
ECO 336 | EXPLORING ECONOMICS & STATISTICS THROUGH SPORTS | |
ECO 375 | INTRODUCTION TO ECONOMETRICS | |
ECO 376 | TIME SERIES ANALYSIS 1 | |
Economic Policy and Market Analysis
Course List
| Course |
Title |
Quarter Hours |
ECO 310 | URBAN ECONOMICS | |
ECO 312 | THE CHICAGO ECONOMY | |
ECO 314 | ECONOMICS OF THE PUBLIC SECTOR 1 | |
ECO 318 | LABOR ECONOMICS AND ORGANIZATION | |
ECO 321 | LAW & ECONOMICS | |
ECO 326 | HEALTH ECONOMICS | |
ECO 335 | ENERGY AND ENVIRONMENTAL ECONOMICS | |
ECO 341 | BEHAVIORAL ECONOMICS 1 | |
ECO 317 | AMERICAN ECONOMIC HISTORY | |
Preparation for PhD in Economics
- ECO 375
- Courses from any of the FA would be appropriate especially advanced electives1
- Regular calculus sequence (MAT 150/MAT 151/MAT 152) rather than the business calculus sequence (MAT 135/MAT 136).
- Note: students may want to consider the combined bachelor's/master's program to take graduate economics course in their senior year.
ECO 101, ECO 250, ECO 393 and ECO 395 may not be used as Economics Electives towards a major or minor in Economics.
Open Electives
Open elective credit also is required to meet the minimum graduation requirement of 192 hours.
Students are encouraged to use their open electives to minor or double major in a complementary field of study. A student’s specific interest in economics will dictate the best choice of a minor or double major.
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