+ 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—minor required
(36 hours)
- MATH
120 (5) or MATH 122 (3) or MATH 128 (5) or higher. Students
considering graduate degrees in economics should take
MATH 126 or 131.
- STAT
200 (3) or higher, or MATH 115 (3) or PSYC 270 (4) or
SOC 369 (3). (Not included in the 33 hours necessary
for an economics major.) STAT 200 is recommended. Equivalent
statistics may be accepted with the approval of the
adviser.
- ECON
202, 203 (6)
- ECON
301 or 302, 303, 473 (9)
- ECON
electives (15)*
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)
- ECON
202, 203 (6)
- ECON
electives (6)
- ECON
electives (9)
If
the college of the student's major does not allow the
same course to be counted for both the major and the minor,
the number of remaining hours for the minor must be at
least 21 in Economics.
*ECON
200 does not count in the major or minor.
Other
programs
Programs in economics also are offered by the College
of Business Administration.
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