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Office of the University Registrar

2008-09 Undergraduate Catalog

Academic Learning Compact

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Economics, Liberal Arts and Sciences
Description of the Major
This major teaches you the skills used to understand how households, firms and governments make economic decisions and the implications of those decisions for resource allocation, pricing, the distribution of income and macroeconomic variables.

Additional information is available from your major's website.
Before Graduating You Must
  • Take the Economics Field Test conducted by the ETS. This test will be 10% of your grade in ECO 3203.The goal of the Department of Economics is that our students' average score exceed the national average of 154. However, a score of 154 is not a graduation requirement.
  • Honors students only: Propose and defend an honors thesis before the departmentís undergraduate committee.
  • Satisfy the Florida statutory requirements for CLAST.
  • Complete requirements for the baccalaureate degree, as determined by faculty.
Skills You Will Acquire in the Major (SLOs)
  1. Understand the implications of utility maximization for the behavior and choices of households and understand how households respond to incentives.
  2. Understand the implications of profit maximization for the behavior and choices of firms in the short run, the long run and a variety of market structures.
  3. Understand the meaning and implications of economic efficiency.
  4. Understand how the implications of decisions made by households, firms, the government and the foreign sector affect a country's macroeconomic variables like output, interest rates, inflation, exchange rates and the trade balance.
  5. Understand how economists use statistics to learn about economic behavior.
  6. Critically evaluate and compare alternative policies using complex criteria.
  7. Interpret, understand and communicate quantitative concepts.
  8. Articulate ideas clearly and effectively in speech and in writing, in an accepted manner of presentation.

Courses Content Critical Thinking Communication
ECO 2013       X     X  
ECO 2023 X X X       X  
MAC 2233             X  
STA 2023         X   X  
ECO 3101 X X X       X X
ECO 3203       X X X X X
ECO Electives* X X X X X X X X
Honors Thesis X X X X X X X X

* Economics electives: ECO 3532, ECO 3703, ECO 3704, ECO 4400, ECO 4431, ECO 4504, ECO 4730, ECO 4935, ECP 3006, ECP 3113, ECP 3203, ECP 3302, ECP 3429, ECP 3530, ECP 4330, ECP 4403, ECP 4451, ECS 3403, ECS 4013, ECS 4203 and ECS 4334.

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