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2006-07 Undergraduate Catalog


Economics (CLAS)
College: Liberal Arts and Sciences
Degree: Bachelor of Arts
Hours for Degree: 120
Minor: Yes
Combined-Degree Program: No

Economics teaches students how to look at a complex world and make sense of the wide variety of behaviors they observe. Students majoring in economics will learn the analytical skills used to understand how households, firms and governments make economic decisions, comparing costs and benefits in an effort to maximize their objectives. Students will also learn the critical skills used to determine the implications of those economic decisions for the allocation of society's scarce resources, the pricing of goods and services, the distribution of income, the behavior of macroeconomic variables and the need for government intervention. These analytical skills are useful preparation for careers in business, government, public policy or academia. A degree in economics is especially appropriate for students intending to pursue advanced degrees in the social sciences and in professional schools of management, law or public administration.

All CLAS students majoring in economics must complete a course in calculus, STA 2023, ECO 2013, ECO 2023, ECO 3101, ECO 3203 (or ECO 3704) and four economics electives or three economics electives and FIN 3403. ECP 3703, ECO 4905, ECO 4941, and ECO 4970 do not count toward these electives. Students must achieve grades of C or higher in each required preprofessional and economics course including the economics electives and FIN 3403.

Course prerequisites are strictly enforced. A current listing of course prerequisites is available each term in Stuzin Hall, Room 267.

Students planning to pursue graduate study in economics should consider a minor in mathematics or statistics or take the following mathematics and statistics courses: MAC 2311-2-3, MAP 2302, either MAS 3114 or 4105, and STA 4321 and 4322. (Students taking advanced statistics might not be required to take STA 2023.)

Critical-Tracking Requirements

Semester 1:

  • 2.0 UF GPA required for semesters 1-5

Semester 2:

  • Complete 1 of 4 courses (ECO 2013, ECO 2023, MAC 2233 and STA 2023) with a 2.5 GPA on critical-tracking course work

Semester 3:

  • Complete 1 additional course of the 4 courses with a 2.75 GPA on critical-tracking course work

Semester 4:

  • Complete 2 additional courses of the 4 courses with a 3.0 GPA on all critical-tracking course work

Semester 5:

  • Maintain a 3.0 GPA on all critical-tracking course work

To remain on track, students must complete the appropriate critical-tracking courses, which appear in bold.

Suggested semester-by-semester plan

Semester 1Credits
Composition (GE-C, WR)3
Humanities (GE-H)3
Foreign language4-5
ECO 2013 Principles of Macroeconomics (GE-S) 3
Total 13-14
Semester 2Credits
Physical Science (GE-P)3
Foreign language3-5
ECO 2023 Principles of Microeconomics (GE-S) 3
MAC 2233 Survey of Calculus 1 (GE-M) 3
Science laboratory (GE-P or B)1
Total 13-15
Semester 3Credits
Humanities (GE-H)3
STA 2023 Introduction to Statistics 1 (GE-M) 3
Biological Science (GE-B)3
Elective (or foreign language if 4-3-3 option) 6
Total 15
Semester 4Credits
Humanities (GE-H)3
Physical Science (GE-P)3
Composition (GE-C, WR)3
Total 15
Semester 5Credits
ECO 3101 Intermediate Microeconomics (GE-S)4
Biological Science (GE-B)3
Total 16
Semester 6Credits
One economics course (3000 level or above)4
ECO 3203 Intermediate Macroeconomics or
ECO 3704 International Macroeconomics
Electives (3000 level or above, not in major)6
Total 17
Semester 7Credits
Two economics courses (3000 level or above)8
Electives (3000 level or above, not in major)6
Total 14
Semester 8Credits
One economics course (3000 level or above)4
Electives (3000 level or above, not in major)6
Total 17-14