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2007-08 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, four economics electives, or three economics electives and FIN 3403: STA 2023, ECO 2013, ECO 2023, ECO 3101, ECO 3203. 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 2311/2312/2313, 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 and Semester Plan

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, excluding ECO 3101

Semester 3:

  • Complete 1 additional course of the 4 courses with a 2.75 GPA on critical-tracking course work, excluding ECO 3101

Semester 4:

  • Complete 2 additional courses of the 4 courses with a 3.0 GPA on all critical-tracking course work, excluding ECO 3101

Semester 5:

  • Maintain a 3.0 GPA on all critical-tracking course work, excluding ECO 3101
  • Complete ECO 3101 with a grade of C or better

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

Suggested semester-by-semester plan

Semester 1Credits
ECO 2013 Principles of Macroeconomics (GE-S) 3
Composition (GE-C, WR)3
Humanities (GE-H)3
Foreign language4-5
Total 13-14
Semester 2Credits
ECO 2023 Principles of Microeconomics (GE-S) 3
MAC 2233 Survey of Calculus 1 (GE-M)3
Physical Science (GE-P)3
Foreign language3-5
Science laboratory (GE-P or GE-B)1
Total 13-15
Semester 3Credits
STA 2023 Introduction to Statistics 1 (GE-M) 3
Humanities (GE-H)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 4
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