+ Economics
3002
Business Administration, 419-372-2646
Economics
focuses on how people choose to use resources
when faced with competing uses for them. The
analysis can be directed to individuals and
how time and income are spent, or to society
and how it allocates scarce resources. For society,
issues of unemployment, inflation, and growth
are also focal points of the analysis. Economics
majors gain strong analytical skills and the
ability to critically evaluate alternatives.
Communication skills are also stressed. These
skills translate into entry-level positions
in business or provide a foundation for law
school, an M.B.A., or graduate school. The department
also offers a master of arts in economics.
Learning
Outcomes
Upon
completion of the baccalaureate degree, students
in economics are expected to:
-
Demonstrate a command of basic characteristics
of the American and global economy by using
this knowledge to critically evaluate economic
outcomes;
- Demonstrate
a command of basic economic theory by using
this theory to make predictions and to analyze
alternative economic policy options;
- Demonstrate
the ability to communicate in both oral and
written forms by presenting arguments and
evidence clearly and concisely;
- Demonstrate
the ability to engage in and understand moral
reasoning with respect to economic issues
by recognizing the implicit value conflicts
present in all economic policy debates;
- Demonstrate
the ability to engage in problem solving,
using basic economic theory;
- Demonstrate
the ability to engage in critical thinking
as a part of the analysis of economic problems.
Major,
Bachelor of Arts (36 hours) — minor
required — click 
for 2010-2011 course requirements
All
economics majors must satisfy a written and
oral communications requirement in economics.
Certification by an economics faculty member
is required. Details are available in the department
office.
Minor
(21 hours)
The
Economics Minor (offered through the College
of Arts & Sciences) is available to all
students except those majoring or specializing
in Economics.
21
Credit Hours Required:
- ECON
2020, Principles of Microeconomics (3)
- ECON
2030, Principles of Macroeconomics (3)
- Select
15 additional ECON
hours (except ECON
2000) (15)
- Satisfy
a written and oral communications requirement
in Economics. Certification by an Economics
faculty member that the requirement has been
met is required. Details are available in
the Economics Department office.
Notes:
ECON
2000 does not count in the minor
Substitute
courses must be approved by the department.
All students must complete at least 15 credit
hours toward the minor that are not counted
in the student's major or specialization or
another minor. For non-business students, the
total number of hours earned in the College
of Business Administration courses may not exceed
25 percent or 30 hours of the 122 needed for
graduation, counting the major and the minor.
All courses must be taken for a letter grade.
(Note: six hours of STAT
and nine hours of ECON
are exempt from this limitation.)
Other
programs
Programs in economics also are offered by the
College
of Business Administration.
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