College of Liberal Arts & Social Sciences > Academics > Economics (BA) > Major Requirements

Major Requirements

Course Requirements

MAT 135 BUSINESS CALCULUS I 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 [ECO398] that may be relevant to one or more of the Focus Areas. 

For students participating in the Economics Honors Track, we have indicated [*] which courses in can be used to satisfy the Advance Elective requirement [courses carrying a prerequisite of ECO305, ECO306, or ECO375].


FOCUS AREA Description Relevant Coursework 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…

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*

Note: Students may want to add a language to this FA
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…


Note: students in both the BA and BSB Economics programs have the option of minoring in Finance
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 analy
tics is used in many types of occupations.
ECO 336 EXPLORING ECONOMICS & STATISTICS THROUGH SPORTS
ECO 375 INTRODUCTION TO ECONOMETRICS
ECO 376 TIME SERIES ANALYSIS*


Consulting
Data Analyst
Research Analyst



Economic Policy and Market Analysis





For students interested in government policy and its effect on the economy…




ECO 310 URBAN ECONOMICS
ECO 312 THE CHICAGO ECONOMY
ECO 314 ECONOMICS OF THE PUBLIC SECTOR*
ECO 318 LABOR ECONOMICS AND ORGANIZATION
ECO 321 LAW & ECONOMICS
ECO 326 HEALTH ECONOMICS
ECO 335 ENERGY AND ENVIRONMENTAL ECONOMICS
ECO 341 BEHAVIORAL ECONOMICS*

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







ECO 375 INTRODUCTION TO ECONOMETRICS

Courses from any of the FA would be appropriate especially advanced electives (*)
Regular calculus sequence (MAT 150/151/152) rather than the business calculus sequence (MAT 135/136) 

Note: students may want to consider the combined bachelor's/master's program to take graduate economics course in their senior year>
A Ph.D. in Economics is needed for academic and research-based employment in think tanks and government agencies





  * Advanced Elective

ECO 101, ECO 250 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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