The program in Economics provides both the theoretical foundation and 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
- explain in written and in oral form the reasoning and application of economic analysis to social or political issues.
The Economics program trains students not only for advanced education in graduate and professional schools, but also prepares students for immediate entry into business and government careers where economic insight and analytical ability are valued.
Some of our graduates have gone on to successfully complete postgraduate degree programs at prestigious universities at the USA and Western Europe, such as Duke University, the University of California at Berkley, Harvard University, the University of Michigan, and the London School of Economics. 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: 12 courses
Required Courses (6 courses):
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*
Elective Courses (6 courses):
Three courses selected from the following list:
ECO 400 Topics in Econometrics**
ECO 401 Topics in Advanced Microeconomics**
ECO 402 Topics in Advance Macroeconomics**
ECO 404 Advanced Topics
ECO 491 and 492 Senior Thesis I/II
ECO 498 Independent Study
Any three additional ECO courses (including additional courses from the above list). EUR 305 may be counted as an ECO elective (but not substitute for one of the three ECO electives at 400-level)
**ECO 400, 401, 402, and 404 may be repeated for credit provided the specific topic of the course differs.
Disciplinary Honors in Economics
Disciplinary Honors may be given to an economics major who has upon graduation met the following requirements:
- has achieved a grade point average of at least 3.5 in courses in the Economics major
- has met the requirements for undertaking a senior thesis and has completed a six-hour senior thesis in Economics
- has received a grade of A or A- on the second semester of the senior thesis and has presented his/her thesis to a committee made up of two economics faculty members and one faculty member outside the discipline.
Based on the presentation, the committee will decide whether or not to recommend honors.
A successfully completed senior thesis counts as a state exam.