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Department of Economics

Dr. T. Windsor Fields, Department Head

See page 5 for information regarding curricular changes.


Professors

Carrier, Fields, Horn, Kipps, Kohen, B. Rosser, Varghese, Wood

Associate Professors

Ahmed, Jerome, Kreutzer, Milliman, M. Rosser, Smith

Assistant Professors

Brunton, Doyle, Elwood

Instructor

Moody

The Department of Economics offers degree programs leading to the Bachelor of Arts, Bachelor of Science and Bachelor of Business Administration degrees in economics. A minor in economics is also offered. Economics is a science which examines many of society's most fundamental and controversial issues. Among these are the strengths and the limitations of market-based systems of production and distribution, the creation and distribution of wealth, the appropriate role of government in the economy, the incidence and alleviation of poverty, methods of preserving environmental quality, the determinants of economic growth, business cycles, inflation and unemployment. It should be recognized, however, that economics is not a body of fixed conclusions and policy prescriptions. Rather, economics is a method, or a technique for thinking, which helps one to draw sound inferences about difficult and often confusing problems. Because economics emphasizes analytical and critical thinking, students majoring in this discipline enjoy a wide variety of potential career paths in both the private and public sectors. A degree in economics is also good preparation for graduate studies in related areas such as law, business administration, public policy and international relations.

Major in Economics (B.A. Degree)

The minimum requirement for a B.A. degree in economics is 30 credit hours of economics including 12 credit hours of required courses and 18 credit hours of electives.

                                                  Credit
Required Courses                                   Hours
ECON 131. Principles of Economics (Micro)              3
ECON 132. Principles of Economics (Macro)              3
ECON 331. Intermediate Microeconomic Theory            3
ECON 332. Intermediate Macroeconomic Theory            3
Economics electives (at least six credits             18
  must be at the 400 level, not including 
  ECON 490 or ECON 499)
                                                    ____
                                                      30
For a B.A. degree in economics students must complete the foreign language and philosophy requirements found on page 41. Also, all students must complete the liberal studies program described on pages 43-47.

First Two Years

During the first two years, students should complete most of the liberal studies program and the following courses in economics:
ECON 131. Principles of Economics (Micro)
ECON 132. Principles of Economics (Macro)
Other course work that should be completed during the freshman or sophomore years includes:
Choose one of the following:
  MATH 205. Introductory Calculus I
  MATH 235. Analytic Geometry and Calculus I
CS 100. Introduction to BASIC
IDS 104. Microcomputer Applications
IDS 191. Business and Economic Statistics
IDS 204. Computer Information Systems
Six credit hours of the liberal studies social science requirement must be fulfilled with courses outside the Department of Economics.

Third and Fourth Years

Bachelor of Arts economics majors should complete ECON 331, Intermediate Microeconomic Theory, and ECON 332, Intermediate Macroeconomic Theory, by the end of their junior year. While most majors will complete the 400-level requirement in economics during their senior year, students may take a 400-level course during their junior year if the prerequisite for the course has been met.

Freshman Year                                     Credit
First Semester                                     Hours
CS 100. Introduction to BASIC                          1
ECON 131. Principles of Economics (Micro)              3
Choose one of the following:                         3-4
  MATH 205. Introductory Calculus (three credits)
  MATH 235. Analytic Geometry and Calculus I 
    (four credits)
Liberal studies courses, free electives and            8
  special degree requirements [1]
                                                    ____
                                                      15

                                                  Credit
Second Semester                                    Hours
ECON 132. Principles of Economics (Macro)              3
IDS 104. Microcomputer Applications                    1
Liberal studies courses, free electives and           11
  special degree requirements [1]
                                                    ____
                                                      15

Sophomore Year                                    Credit
First Semester                                     Hours
IDS 191. Business and Economic Statistics              3
IDS 204. Computer Information Systems                  2
Choose one of the following:                           3
  ECON 331. Intermediate Microeconomic Theory
  ECON 332. Intermediate Macroeconomic Theory
Liberal studies courses, economics elective, free      7
  electives and special degree requirements [1]
                                                    ____
                                                      15

                                                  Credit
Second Semester                                    Hours
Choose from the following:                           3-6
  ECON 331. Intermediate Microeconomic Theory
  ECON 332. Intermediate Macroeconomic Theory
Liberal studies courses, economics elective, free   9-12
  electives and special degree requirements [1]
                                                    ____
                                                      15

Junior Year                                       Credit
First Semester                                     Hours
Choose one of the following (if not completed):      0-3
ECON 331. Intermediate Microeconomic Theory
  ECON 332. Intermediate Macroeconomic Theory
Economics electives                                  3-6
Liberal studies courses, free electives and            9
  special degree requirements [1]
                                                    ____
                                                      15

                                                  Credit
Second Semester                                    Hours
Choose one of the following (if not completed):      0-3
  ECON 331. Intermediate Microeconomic Theory
  ECON 332. Intermediate Macroeconomic Theory
Economics electives                                  3-6
Liberal studies courses, free electives and            9
  special degree requirements [1]
                                                    ____
                                                      15

Senior Year                                       Credit
First Semester                                     Hours
Economics electives (400 level)                      3-6
Liberal studies courses, free electives             9-12
  and special degree requirements [1]
                                                    ____
                                                      15

                                                  Credit
Second Semester                                    Hours
Economics electives (400 level)                      3-6
Liberal studies courses, free electives             9-12
  and special degree requirements [1]
                                                    ____
                                                      15

Major in Economics (B.S. Degree)

The minimum requirement for a B.S. degree in economics is 30 credit hours of economics including 15 credit hours of required courses and 15 credit hours of electives.

                                                  Credit
Required Courses                                   Hours
ECON 131. Principles of Economics (Micro)              3
ECON 132. Principles of Economics (Macro)              3
ECON 331. Intermediate Microeconomic Theory            3
ECON 332. Intermediate Macroeconomic Theory            3
ECON 385. Econometrics                                 3
Economics electives (at least six credits must be     15
  at the 400 level, not including ECON 490 
  or ECON 499)
                                                    ____
                                                      30
For a B.S. degree in economics students must complete six credit hours of math and an additional three-four credit hours of course work in either the social or natural sciences. Information on these degree requirements is found on page 41. Students must also complete the liberal studies program requirements described on pages 43-47.

First Two Years

During the first two years, students should complete most of the liberal studies program and the following courses in economics:
ECON 131. Principles of Economics (Micro)
ECON 132. Principles of Economics (Macro)
Other course work that should be completed during the freshman or sophomore years includes:
Choose one of the following:
  MATH 205. Introductory Calculus I
  MATH 235. Analytic Geometry and Calculus I
CS 100. Introduction to BASIC
IDS 104. Microcomputer Applications
IDS 191. Business and Economic Statistics
IDS 204. Computer Information Systems
Six credit hours of the liberal studies social science requirement must be fulfilled with courses outside the Department of Economics.

Third and Fourth Years

Bachelor of Science economics majors should complete ECON 331, Intermediate Microeconomic Theory, and ECON 332, Intermediate Macroeconomic Theory, by the end of their junior year. ECON 385, Econometrics, may be taken in either the junior or senior year. While most majors will complete the 400-level requirement in economics during their senior year, students may take a 400-level course during their junior year if the prerequisite for the course has been met.

Freshman Year                                     Credit
First Semester                                     Hours
CS 100. Introduction to BASIC                          1
ECON 131. Principles of Economics (Micro)              3
Choose one of the following:                         3-4
  MATH 205. Introductory Calculus I 
    (three credits)
  MATH 235. Analytic Geometry and Calculus I 
    (four credits)
Liberal studies courses, free electives and            8
  special degree requirements [1]
                                                    ____
                                                      15

                                                  Credit
Second Semester                                    Hours
ECON 132. Principles of Economics (Macro)              3
IDS 104. Microcomputer Applications                    1
Liberal studies courses, free electives and special   11
  degree requirements [1]
                                                    ____
                                                      15

Sophomore Year                                    Credit
First Semester                                     Hours
Choose one of the following:                           3
  ECON 331. Intermediate Microeconomic Theory
  ECON 332. Intermediate Macroeconomic Theory
  Economics elective
IDS 191. Business and Economic Statistics              3
IDS 204. Computer Information Systems                  2
Liberal studies courses, free electives and            7
  special degree requirements [1]
                                                    ____
                                                      15

                                                  Credit
Second Semester                                    Hours
Choose from the following:                           3-6
  ECON 331. Intermediate Microeconomic Theory
  ECON 332. Intermediate Macroeconomic Theory
  Economics electives
Liberal studies courses, free electives and         9-12
  special degree requirements [1]
                                                    ____
                                                      15

Junior Year                                       Credit
First Semester                                     Hours
Choose one of the following (if not completed):      0-3
  ECON 331. Intermediate Microeconomic Theory
  ECON 332. Intermediate Macroeconomic Theory
Choose from the following:                           3-6
  ECON 385. Econometrics
  Economics electives
Liberal studies courses, free electives and            9
  special degree requirements [1]
                                                    ____
                                                      15

                                                  Credit
Second Semester                                    Hours
Choose one of the following (if not completed):      0-3
  ECON 331. Intermediate Microeconomic Theory
  ECON 332. Intermediate Macroeconomic Theory
Choose from the following:                           3-6
  ECON 385. Econometrics
  Economics electives
Liberal studies courses, free electives and special    9
  degree requirements [1]
                                                    ____
                                                      15

Senior Year                                       Credit
First Semester                                     Hours
Economics electives (400 level)                      3-6
Liberal studies courses, free electives and         9-12
  special degree requirements [1]
                                                    ____
                                                      15

                                                  Credit
Second Semester                                    Hours
Economics electives (400 level)                      3-6
Liberal studies courses, free electives and         9-12
  special degree requirements [1]
                                                    ____
                                                      15
________
Notes:
[1]
The B.A. degree has foreign language and philosophy requirements. The B.S. degree has no specific foreign language or philosophy requirement but does require an additional three credit hours of math and three-four credit hours of course work in either the social or natural sciences. (Refer to page 41.)

Bachelor of Business Administration Degree Program

The minimum requirement for a B.B.A. degree in economics is 30 credit hours of economics including 21 credit hours of required courses and nine hours of electives.

                                                  Credit
Required Courses                                   Hours
ECON 131. Principles of Economics (Micro)              3
ECON 132. Principles of Economics (Macro)              3
ECON 331. Intermediate Microeconomic Theory            3
ECON 332. Intermediate Macroeconomic Theory            3
ECON 345. Industrial Organization                      3
ECON 385. Econometrics                                 3
Economics course (any 200 level)                       3
Economics electives (at least three credits must       9
  be at the 400 level, not including ECON 490 
  or ECON 499)
                                                    ____
                                                      30
The other requirements for this degree conform to the structure of the B.B.A. degree programs set forth on page 64. The hour requirements for each of the components are as follow:

                                                  Credit
                                                   Hours
Core requirements - B.B.A.                            42
Liberal studies courses                               44
Other courses required for the major [2]              19
Free electives                                         6
Non-business electives                                 9
                                                    ____
                                                     120
________
Notes:
[2]
Identified by ( [2 ]) below. Also includes CS 100, Introduction to BASIC, taken during the freshman year.

Major in Economics (B.B.A. Degree)

First Two Years

During the first two years, students planning to major in economics will complete the lower-level business course requirements and will follow the uniform course schedule set forth on pages 64-65, with the exception that CS 100, Introduction to BASIC (one credit), should be taken before IDS 104, Microcomputer Applications, and IDS 204, Computer Information Systems.

Note that six credit hours of the liberal studies social science requirement must be fulfilled with courses outside the Department of Economics.

Third and Fourth Years

Economics majors should follow the course schedule below to complete the final two years of their program. It is possible to deviate from this program but care must be taken to ensure that all course prerequisites are met.

Junior Year                                       Credit
First Semester                                     Hours
Choose one of the following (if not completed): [2]  0-3
  ECON 331. Intermediate Microeconomic Theory
  ECON 332. Intermediate Macroeconomic Theory
FIN 345. Managerial Finance                            3
MGT 300. Management Principles                         3
Liberal studies courses                                6
Free electives or economics electives                0-3
                                                    ____
                                                      15

                                                  Credit
Second Semester                                    Hours
Choose one of the following (if not completed): [2]  0-3
  ECON 331. Intermediate Microeconomic Theory
  ECON 332. Intermediate Macroeconomic Theory
ECON 345. Industrial Organization [2]                  3
IDS 360. Production and Operations Management          3
MGT 311. Organizational Behavior                       3
Free electives or economics electives                3-6
                                                    ____
                                                      15

Senior Year                                       Credit
First Semester                                     Hours
ECON 385. Econometrics [2]                             3
MKTG 380. Principles of Marketing                      3
Economics elective (400 level) [2]                     3
Non-business electives                                 6
                                                    ____
                                                      15

                                                  Credit
Second Semester                                    Hours
MGT 487. Business Policy                               3
Economics elective [2]                                 3
Free electives                                         6
Non-business elective                                  3
                                                    ____
                                                      15

Minor in Economics

The minimum requirement for a minor in economics is 18 credit hours in economics, including ECON 131, Principles of Economics (Micro); and ECON 132, Principles of Economics (Macro); and at least six credit hours of either 300- or 400-level economics courses.

Teaching Licensure

Students interested in secondary teaching licensure in economics must complete a major in economics or its equivalent that includes the following courses:

                                                  Credit
                                                   Hours
ECON 131. Principles of Economics (Micro)              3
ECON 132. Principles of Economics (Macro)              3
ECON 312. Comparative Economics Systems                3
ECON 331. Intermediate Microeconomic Theory            3
ECON 332. Intermediate Macroeconomic Theory            3
In addition to the liberal studies and academic major requirements, economics majors desiring secondary teaching licensure must also complete the following as part of their program:

                                                  Credit
                                                   Hours
EDUC 360. Foundations of American Education            3
  (junior year)
EDUC 370. Instructional Technology (junior year)       3
EDUC 410. Multicultural Education (senior year)        1
EDUC 416. School Discipline and Classroom              1
  Management (senior year)
HTH 370. The School Health Program                     2
  (any appropriate time)
PSYC 270. Psychology for Teachers of the               3
  Pre-adolescent and Adolescent Child [3] 
  (sophomore year)
READ 414. Reading and Writing in the                   1
  Content Areas (senior year)
SEED 371H. Clinical Techniques, Social Studies         3
  Methods (normally in first semester of 
  senior year)
SEED 381. Field Experience (Practicum)                 3
  in Secondary Education (normally in first 
  semester of senior year)
SEED 480. Student Teaching (senior year)              12
SPED 402. Teaching Mildly Disabled Students            1
  in Regular Classes (senior year)
________
Notes:
[3]
PSYC 160 is a prerequisite for PSYC 270.


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Last reviewed: Sept. 10, 1994
Information Publisher: Academic Services