Economics Major

The program in Economics provides both the theoretical foundation and the practical empirical tools necessary to function as an economist in today’s complex economic world. These theories and tools are analyzed both within the institutional structure of developed market economies and in their specific applications to developing and non-market economies. Although the fields of specialization of the Economics major are not formally specified, one can identify three broad topics: macroeconomics, microeconomics, and empirical (data) analysis.

The Economics curriculum is designed to enable all graduates to meet the following skill- or competency-based student outcomes:

  • analyze social phenomena in the context of their interrelationships with economic outcomes;
  • use appropriate graphical or statistical analysis to demonstrate the effects of changes in significant variables to economic outcomes;
  • analyze and predict the effect of changes in economic variables on related variables within the context of a coherent interrelated economic model;
  • analyze how the markets function, how they allocate real and financial resources, and when they may fail to function properly; and,
  • explain in written and in oral form the reasoning and application of economic analysis to social or political issues.

The Economics program not only trains students for advanced education in graduate and professional schools but also prepares students for immediate entry into business and government careers that value economic insight and analytical ability.

Some of our graduates have gone on to complete postgraduate degree programs at prestigious universities, including Cornell, Duke, Harvard University, the London School of Economics, the University of California – Berkeley, the University of Michigan, and Yale University. Others have joined international companies and institutions such as Bank Austria Creditanstalt AG, Barclays Capital, BNP PARIBAS, BTC/Vivatel, the Bulgarian National Bank, Citigroup, Deloitte & Touche, the European Central Bank, General Electric, Kraft Foods, Morgan Stanley, PricewaterhouseCoopers, and the World Bank.

Total: 37 credit hours

Required Courses (19 credit hours)

ECO 101 Principles of Microeconomics
ECO 102 Principles of Macroeconomics
ECO 300 Quantitative Methods in Economics
ECO 301 Intermediate Microeconomics
ECO 302 Intermediate Macroeconomics
ECO 310 Econometrics I (WIC)
Elective Courses (18 credit hours)

Three courses out of the following list and any three additional ECO courses (including additional courses from the list below):

ECO 400 Topics in Econometrics*
ECO 401 Topics in Advanced Microeconomics*
ECO 402 Topics in Advanced Macroeconomics*
ECO 404 Advanced Topics
ECO 405 Time Series Econometrics
ECO 406 Macroeconomics and Crises
ECO 407 Law and Economics
ECO 408 Economic Dynamics
ECO 411 Energy Economics (WIC)
ECO 430 Industrial Organization (WIC)
ECO 491 and 492 Senior Thesis I/II
ECO 498 Independent Study

*ECO 400, 401, 402, and 404 may be repeated for credit provided the specific topic of the course differs.

NOTE: A successfully completed senior thesis substitutes for the Bulgarian state exam.

Disciplinary Honors in Economics

Disciplinary Honors may be given to an Economics major who upon graduation has met either of the following requirements:

  • achieved a GPA-in-major of at least 3.50, has met the requirements for undertaking a senior thesis, and has completed a seven-credit senior thesis in economics with a grade of A or A- in ECO 492; or,
  • achieved a GPA-in-major of at least 3.75 and a grade of A in any two sections of ECO 400-430.
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