ECONOMICS Telephone: (302) 831-2563 http://www.lerner.udel.edu/economics Faculty Listing: http://www.lerner.udel.edu/economics/facultyandstaff.html Economists study how markets work in order to determine what is produced, how it is produced, and how income is distributed. Among the many topics studied in economics are such things as the role and impact of international trade, the impact of monopoly on the economy, and the problems of unemployment and inflation. An understanding of economic principles is critical to success in business and to the design of effective government policy. The Department of Economics offers a Bachelor of Science and a Bachelor of Arts degree in Economics and a Bachelor of Science degree in Economic Education. In addition, a B.S. degree in Economics and Mathematics is available through the Department of Mathematics in the College of Arts and Sciences. A minor in Economics is also available. Honors degree options are available for all programs. Optional concentrations in Applied Economics and in Economic Theory and Econometrics are available to students in all programs. Students may also declare interdepartmental majors in Economics with Political Science, French, or Spanish. Requirements for all programs are listed below. Students majoring in Economics are advised by the faculty of the Department of Economics. APPLICATION FOR MAJOR Any University student who is not an economics major but wishes to become one must apply for admission into the major. Applications can be submitted online through the student’s UDSIS account. The principal criteria for acceptance are academic achievement, particularly in economics courses, and potential for academic success in economics. Students seeking admission to an economics degree program must complete at least 28 credit hours, including ECON 151 and 152, prior to submitting an application. In addition, students applying for the B.S. degree must complete either MATH 221 or 241 with a grade of C- or better. DEGREE: BACHELOR OF SCIENCE MAJOR: ECONOMICS CURRICULUM CREDITS UNIVERSITY REQUIREMENTS ENGL 110 Critical Reading and Writing (with minimum grade of C-) . .. . . . . . . . . . . . . . . . . . . . . . . . 3 First Year Experience (see page 68). . . . . . . . . . . . . . . . . . . . . . . . . . . . 0-4 Discovery Learning Experience (see page 68) . . . . . . . . . . . . . . . . . . . . 3 Three credits in an approved course or courses stressing multi-cultural, ethnic, and/or gender-related course content (see pages 68-70) . . . . . . 3 MAJOR REQUIREMENTS Second Writing Requirement: (minimum grade C-) . . . . . . . . . . . . . .. . . 3 A writing course involving significant writing experience including two papers with a combined minimum of 3,000 words to be submitted for extended faculty critique of both composition and content. This course must be taken after completion of 60 credit hours. For a list of approved second writing courses see pages 93-95. One of the following: (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . 3-4 MATH 221 Calculus I or MATH 241 Analytic Geometry and Calculus A Quantitative Proficiency Requirement: (minimum grade C-) . . . . . . . . . . 9 An additional nine credits of course work in the quantitative area. At least three credits in addition to MATH 221 or MATH 241 must be taken in Mathematics at or above the 200-level except MATH 201, 202, 205, 250, 251, 252, and 253. The remaining six credits may be chosen from other Mathematics courses at or above the 200-level (except MATH 201, 202, 205, 250, 251, 252, and 253), ACCT 208, 261, Statistics and Computer Science courses at or above the 300- level, BUAD 306, 346, and 446, BUEC 430 and 431, and ECON 415, 422, 423, and 426. A maximum of one economics course may be used to satisfy this requirement while simultaneously being used to satisfy Economics course requirements. BREADTH REQUIREMENTS (See pages 95-100) Group A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Understanding and appreciation of the creative arts and humanities. Twelve credits representing at least two departments. Group B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 The study of culture and institutions over time. Twelve credits representing at least two departments. Group C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Empirically-based study of human beings and their environment. Twelve credits representing at least two departments. Group D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 The study of natural phenomena through experiment and analysis. A minimum of thirteen credits representing at least two departments including a minimum of one course with an associated laboratory. MATH 201/202 Introduction to Statistics I and II: (minimum grade C-) . . . 6 Related Work Requirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Nine credits chosen from any 300-level or higher courses in Accounting, Anthropology, Business Administration, Computer Science, Finance, Geography, History, Mathematics, Philosophy, Political Science, Psychology, Sociology, and Statistics. Also acceptable are ACCT 207, 208, 261, any 200-level Mathematics course except 201, 202, 205, 250, 251, 252, and 253, and any BUEC courses. Courses used to satisfy the Related Work Requirement may not be used to fulfill the quantitative proficiency requirement described above. ECON 151 Introduction to Microeconomics: Prices and Markets (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 152 Introduction to Macroeconomics: National Economy (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 301 Quantitative Microeconomic Theory (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 302 Banking and Monetary Policy (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 303 Intermediate Macroeconomic Theory (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Five additional Economics courses at or above the 300 level, at least two of which are at or above the 400-level. At least one of the 400 level Economics electives must be chosen from courses other than ECON 415, 422, or 423: (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Credit will not be allowed for both courses of any of the following sets of corresponding courses: ECON 311 and ECON 411, ECON 332 and ECON 433, ECON 344 and ECON 444, ECON 360 and ECON 463, ECON 381 and ECON 483, and ECON 390 and ECON 490. ELECTIVES After required courses are completed, sufficient credits must be taken to meet the minimum credits required for the degree. CREDITS TO TOTAL A MINIMUM OF . . . . . . . . . . . . . . . . . . . . . . . 120 DEGREE: BACHELOR OFARTS MAJOR: ECONOMICS CURRICULUM CREDITS UNIVERSITY REQUIREMENTS ENGL 110 Critical Reading and Writing (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 First Year Experience (see page 68). . . . . . . . . .. . . . . . . . . . . . . . . . . . 0-4 Discovery Learning Experience (see page 68) . . . . . . . . . . . . . . . . . . . 3 Three credits in an approved course or courses stressing multi-cultural, ethnic, and/or gender-related course content (see pages 68-70) . . . . . . 3 MAJOR REQUIREMENTS Second Writing Requirement: (minimum grade C-) . . . . . . . . . . . . . . . . . 3 A writing course involving significant writing experience including two papers with a combined minimum of 3,000 words to be submitted for extended faculty critique of both composition and content. This course must be taken after completion of 60 credit hours. For a list of approved second writing courses see pages 93-95. Completion of the intermediate-level course (107 or 112) in a given foreign language. Students with four or more years of high school work in a single foreign language may attempt to fulfill the requirement in that language by taking an exemption examination . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0-12 One of the following: (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . 3-4 MATH 114 or 170 Elementary Mathematics and Statistics (for students who do not intend to continue the study of mathematics) MATH 115 or 171 Pre-Calculus (for students who intend to continue the study of mathematics) BREADTH REQUIREMENTS (See pages 95-100) Group A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Understanding and appreciation of the creative arts and humanities. Twelve credits representing at least two areas. Group B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 The study of culture and institutions over time. Twelve credits representing at least two areas. Group C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Empirically-based study of human beings and their environment. Cannot be satisfied by an Economics course. Twelve credits representing at least 2 departments. Group D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 The study of natural phenomena through experiment and analysis. A minimum of thirteen credits representing at least two areas including a minimum of one course with an associated laboratory. ECON 151 Introduction to Microeconomics: Prices and Markets (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 152 Introduction to Macroeconomics: National Economy (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 302 Banking and Monetary Policy (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 303 Intermediate Macroeconomic Theory (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 300 Intermediate Microeconomic Theory or ECON 301 Quantitative Microeconomic Theory (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Five additional Economics courses at or above the 300 level, at least two of which are at or above the 400-level. At least one of the 400 level Economics electives must be chosen from courses other than ECON 415, 422, or 423: (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Credit will not be allowed for both courses of any of the following sets of corresponding courses: ECON 311 and ECON 411, ECON 332 and ECON 433, ECON 344 and ECON 444, ECON 360 and ECON 463, ECON 381 and ECON 483, and ECON 390 and ECON 490. MATH 201/202 Introduction to Statistics I and II: (minimum grade C-). . . 6 Related Work Requirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Nine credits chosen from any 300-level or higher courses in Accounting, Anthropology, Business Administration, Computer Science, Finance, Geography, History, Mathematics, Philosophy, Political Science, Psychology, Sociology, and Statistics. Also acceptable are ACCT 207, 208, 261, any 200-level Mathematics except 201, 202, 205, 250, 251, 252, 253, and any BUEC courses. ELECTIVES After required courses are completed, sufficient credits must be taken to meet the minimum credits required for the degree. CREDITS TO TOTAL A MINIMUM OF . . . . . . . . . . . . . . . 120 DEGREE: BACHELOR OFARTS OR BACHELOR OF SCIENCE MAJOR: ECONOMICS CONCENTRATION: APPLIED ECONOMICS The requirements for the major in Economics must be met. The following requirements must be met in place of the requirement for five economics courses, with at least two at the 400-level, and the quantitative proficiency requirements for the regular B.A. or B.S. degree: ECON 422/423 Econometric Methods and Models I and II . . . . . . . . . . . . 6 or ECON 822/823 Econometric Theory/Seminar in Econometrics Two Economics courses at the 300- or 400-level . . . . . . . . . . . . . . . . . . . 6 One Economics course at the 400-level (but not ECON 403, ECON 405, ECON 408, or ECON 411) . . . . . . . . . . 3 One Economics course at the 400-level, or at the 600-level by approval (but not ECON 403, ECON 405, ECON 408, or ECON 411) . . . . . . . . . . 3 Twelve credits of course work in the quantitative area, including the following . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 - ACCT 261 Introduction to Business Information Systems II (prerequisite ACCT 160) - Six credits in MATH at or above the 200-level (except MATH except 201, 202, 205, 250, 251, 252, and 253). - Any one of the following: ACCT 208, BUAD 306, BUAD 346, BUAD 446, BUEC 430, BUEC 431, ECON 415, ECON 422, ECON 423, ECON 426, MATH 300, CISC courses at or above the 300-level. DEGREE: BACHELOR OFARTS OR BACHELOR OF SCIENCE MAJOR: ECONOMICS CONCENTRATION: ECONOMIC THEORY AND ECONOMETRICS The requirements for the major in Economics must be met. The following requirements must be met in place of the requirement for five economics courses, with at least two at the 400-level, and the quantitative proficiency requirements for the regular B.A. or B.S. degree: ECON 422/423 Econometric Methods and Models I and II . . . . . . . . . . . . 6 or ECON 822/823 Econometric Theory/Seminar in Econometrics Three Economics courses at the 300- or 400-level . . . . . . . . . . . . . . . . . 9 Two additional 400-level courses in economic theory, chosen from ECON 406, ECON 426, ECON 430, ECON 441, ECON 443, ECON 461, ECON 463, or graduate level courses in economic theory by approval. A mathematics course at the 300-level or above may be substituted for one of the 400-level courses in economic theory. Twelve credits of course work in the quantitative area, including the following . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 - ACCT 261 Introduction to Business Information Systems II (prerequisite ACCT 160) - Six credits in MATH at or above the 200-level (except MATH except 201, 202, 205, 250, 251, 252, and 253). - Any one of the following: ACCT 208, BUAD 306, BUAD 346, BUAD 446, BUEC 430, BUEC 431, ECON 415, ECON 422, ECON 423, ECON 426, STAT courses at or above the 300-level, CISC courses at or above the 300-level. DEGREE: BACHELOR OFARTS MAJOR: ECONOMICS EDUCATION CURRICULUM CREDITS See page 90-91 for University and Breadth requirements. MAJOR REQUIREMENTS Minimum C- in all required ECON courses. ECON 151 Introductory Microeconomics: Prices and Markets . . . . . . . . . 3 ECON 152 Introductory Macroeconomics: National Economy . . . . . . . . . 3 ECON 300 Intermediate Microeconomic Theory . . . . . . . . . . . . . . . . . . . . 3 or ECON 301 Quantitative Microeconomic Theory . . . . . . . . . . . . . . . . . . . . 3 ECON 302 Banking and Monetary Policy . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 303 Intermediate Macroeconomic Theory . . . . . . . . . . . . . . . . . . . 3 Five Economics courses, at least two of which are at or above the 400 level . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 POSC 150 The American Political System . . . . . . . . . . . . . . . . . . . . . . . . 3 GEOG 120 World Regional Geography . . . . . . . . . . . . . . . . . . . . . . . . . . 3 HIST 104 World History II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 HIST 206 United States History since 1865 . . . . . . . . . . . . . . . . . . . . . . . .3 Additional credits as follows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 6 credits in POSC, 6 credits in GEOG, 3 credits in HIST EDUC 413 Adolescent Development and Educational Psychology. . . . . 4 EDUC 414 Teaching Exceptional Adolescents . . . . . . . . . . . . . . . . . . . . 3 EDUC 419 Diversity in Secondary Education . . . . . . . . . . . . . . . . . . . . . .3 HIST 491 Planning a Course of Instruction . . . . . . . . . . . . . . . . . . . . . . . 3 HIST 493 Seminar: Problems in Teaching History and Social Sciences. . 3 EDUC 420 Reading in the Content Areas . . . . . . . . . . . . . . . . . . . . . . . . 1 EDUC 400 Student Teaching . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Grade of C- or better required in all required major, major related, and professional studies courses. To be eligible to student teach, Economics Education students must have a GPA of 3.0 in their major and an overall GPA of 2.75. They must also pass a teacher competency test as established by the University Council on Teacher Education. Students must consult with the teacher education program coordinator (see list on p. 205) to obtain the student teaching application and other information concerning student teaching policies CREDITS TO TOTAL A MINIMUM OF . . . . . . . . . . . . . . . 120 HONORS BACHELOR OF ARTS: ECONOMICS OR ECONOMICS EDUCATION HONORS BACHELOR OF SCIENCE: ECONOMICS The recipient must complete: 1. All requirements for the Bachelor of Arts or Bachelor of Science in Economics in the Alfred Lerner College of Business and Economics. 2. All of the University’s generic requirements for the Honors Baccalaureate degree (see page 52 of this catalog). The courses in Intermediate Microeconomic Theory and Intermediate Macroeconomic Theory must be taken in Honors sections. Courses in Economics at the 600-level or higher may be considered as Honors courses. MINOR IN ECONOMICS The minor in Economics provides students in other degree programs an opportunity to study the basic concepts and methodology in economics and to gain formal recognition for their efforts. REQUIRED COURSES IN MINOR: Six courses (18 credits) with a grade of C- or better, including ECON 151, 152; one of the following four courses: ECON 251, 300, 301, or 303; and three additional courses at or above the 300-level. NOTE: credit can only be received for one of ECON 251, 300 or 301. APPLICATION FOR MINOR: Same as application for major. (see page 180) INTERDEPARTMENTAL MAJOR IN ECONOMICS The interdepartmental major consists of 51 credit hours selected from related fields with a minimum of 21 credit hours selected from each major field. In general, the Economics Department requires that the 21 hours of economics include ECON 151, 152, 302, 300, or 301, and 303. Before considering an interdepartmental major program, the student should strongly consider the option of a major in one field and a minor in the other. International Relations is an established interdepartmental major with Economics. Interdepartmental majors have also been established for Economics and either French or Spanish, Economics and Political Science, and Economics and Mathematics. Students wishing to explore the possibility of developing an interdepartmental major with other departments should arrange conferences with their faculty advisors and the appropriate department chairs to plan their programs. Approval of the program is also required by the dean of the college or colleges in which the student is registered. See also the section on Interdepartmental Major (page 90) in the College of Arts and Sciences section of this catalog for the requirements for an interdepartmental major combining economics with any field in the College of Arts and Sciences. The application process for an interdepartmental major in economics is the same as the application for a major in economics.

ECONOMICS Telephone: (302) 831-2563 http://www.lerner.udel.edu/economics Faculty Listing: http://www.lerner.udel.edu/economics/facultyandstaff.html Economists study how markets work in order to determine what is produced, how it is produced, and how income is distributed. Among the many topics studied in economics are such things as the role and impact of international trade, the impact of monopoly on the economy, and the problems of unemployment and inflation. An understanding of economic principles is critical to success in business and to the design of effective government policy. The Department of Economics offers a Bachelor of Science and a Bachelor of Arts degree in Economics and a Bachelor of Science degree in Economic Education. In addition, a B.S. degree in Economics and Mathematics is available through the Department of Mathematics in the College of Arts and Sciences. A minor in Economics is also available. Honors degree options are available for all programs. Optional concentrations in Applied Economics and in Economic Theory and Econometrics are available to students in all programs. Students may also declare interdepartmental majors in Economics with Political Science, French, or Spanish. Requirements for all programs are listed below. Students majoring in Economics are advised by the faculty of the Department of Economics. APPLICATION FOR MAJOR Any University student who is not an economics major but wishes to become one must apply for admission into the major. Applications can be submitted online through the student’s UDSIS account. The principal criteria for acceptance are academic achievement, particularly in economics courses, and potential for academic success in economics. Students seeking admission to an economics degree program must complete at least 28 credit hours, including ECON 151 and 152, prior to submitting an application. In addition, students applying for the B.S. degree must complete either MATH 221 or 241 with a grade of C- or better. DEGREE: BACHELOR OF SCIENCE MAJOR: ECONOMICS CURRICULUM CREDITS UNIVERSITY REQUIREMENTS ENGL 110 Critical Reading and Writing (with minimum grade of C-) . .. . . . . . . . . . . . . . . . . . . . . . . . 3 First Year Experience (see page 68). . . . . . . . . . . . . . . . . . . . . . . . . . . . 0-4 Discovery Learning Experience (see page 68) . . . . . . . . . . . . . . . . . . . . 3 Three credits in an approved course or courses stressing multi-cultural, ethnic, and/or gender-related course content (see pages 68-70) . . . . . . 3 MAJOR REQUIREMENTS Second Writing Requirement: (minimum grade C-) . . . . . . . . . . . . . .. . . 3 A writing course involving significant writing experience including two papers with a combined minimum of 3,000 words to be submitted for extended faculty critique of both composition and content. This course must be taken after completion of 60 credit hours. For a list of approved second writing courses see pages 93-95. One of the following: (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . 3-4 MATH 221 Calculus I or MATH 241 Analytic Geometry and Calculus A Quantitative Proficiency Requirement: (minimum grade C-) . . . . . . . . . . 9 An additional nine credits of course work in the quantitative area. At least three credits in addition to MATH 221 or MATH 241 must be taken in Mathematics at or above the 200-level except MATH 201, 202, 205, 250, 251, 252, and 253. The remaining six credits may be chosen from other Mathematics courses at or above the 200-level (except MATH 201, 202, 205, 250, 251, 252, and 253), ACCT 208, 261, Statistics and Computer Science courses at or above the 300- level, BUAD 306, 346, and 446, BUEC 430 and 431, and ECON 415, 422, 423, and 426. A maximum of one economics course may be used to satisfy this requirement while simultaneously being used to satisfy Economics course requirements. BREADTH REQUIREMENTS (See pages 95-100) Group A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Understanding and appreciation of the creative arts and humanities. Nine credits representing at least two departments. Group B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 The study of culture and institutions over time. Nine credits representing at least two departments. Group C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Empirically-based study of human beings and their environment. Nine credits representing at least two departments. Group D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 The study of natural phenomena through experiment and analysis. A minimum of ten credits representing at least two departments including a minimum of one course with an associated laboratory. MATH 201/202 Introduction to Statistics I and II: (minimum grade C-) . . . 6 Related Work Requirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Nine credits chosen from any 300-level or higher courses in Accounting, Anthropology, Business Administration, Computer Science, Finance, Geography, History, Mathematics, Philosophy, Political Science, Psychology, Sociology, and Statistics. Also acceptable are ACCT 207, 208, 261, any 200-level Mathematics course except 201, 202, 205, 250, 251, 252, and 253, and any BUEC courses. Courses used to satisfy the Related Work Requirement may not be used to fulfill the quantitative proficiency requirement described above. ECON 151 Introduction to Microeconomics: Prices and Markets (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 152 Introduction to Macroeconomics: National Economy (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 301 Quantitative Microeconomic Theory (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 303 Intermediate Macroeconomic Theory (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Six additional Economics courses at or above the 300 level, at least two of which are at or above the 400-level. At least one of the 400 level Economics electives must be chosen from courses other than ECON 415, 422, or 423: (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Credit will not be allowed for both courses of any of the following sets of corresponding courses: ECON 332 and ECON 433, ECON 344 and ECON 444, ECON 360 and ECON 463, ECON 381 and ECON 483, and ECON 390 and ECON 490. ELECTIVES After required courses are completed, sufficient credits must be taken to meet the minimum credits required for the degree. CREDITS TO TOTAL A MINIMUM OF . . . . . . . . . . . . . . . . . . . . . . . 120 DEGREE: BACHELOR OFARTS MAJOR: ECONOMICS CURRICULUM CREDITS UNIVERSITY REQUIREMENTS ENGL 110 Critical Reading and Writing (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 First Year Experience (see page 68). . . . . . . . . .. . . . . . . . . . . . . . . . . . 0-4 Discovery Learning Experience (see page 68) . . . . . . . . . . . . . . . . . . . 3 Three credits in an approved course or courses stressing multi-cultural, ethnic, and/or gender-related course content (see pages 68-70) . . . . . . 3 MAJOR REQUIREMENTS Second Writing Requirement: (minimum grade C-) . . . . . . . . . . . . . . . . . 3 A writing course involving significant writing experience including two papers with a combined minimum of 3,000 words to be submitted for extended faculty critique of both composition and content. This course must be taken after completion of 60 credit hours. For a list of approved second writing courses see pages 93-95. Completion of the intermediate-level course (107 or 112) in a given foreign language. Students with four or more years of high school work in a single foreign language may attempt to fulfill the requirement in that language by taking an exemption examination . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0-12 One of the following: (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . 3-4 MATH 114 or 170 Elementary Mathematics and Statistics (for students who do not intend to continue the study of mathematics) MATH 115 or 171 Pre-Calculus (for students who intend to continue the study of mathematics) BREADTH REQUIREMENTS (See pages 95-100) Group A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Understanding and appreciation of the creative arts and humanities. Nine credits representing at least two areas. Group B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 The study of culture and institutions over time. Nine credits representing at least two areas. Group C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Empirically-based study of human beings and their environment. Cannot be satisfied by an Economics course. Nine credits representing at least 2 departments. Group D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 The study of natural phenomena through experiment and analysis. A minimum of ten credits representing at least two areas including a minimum of one course with an associated laboratory. ECON 151 Introduction to Microeconomics: Prices and Markets (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 152 Introduction to Macroeconomics: National Economy (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 303 Intermediate Macroeconomic Theory (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ECON 300 Intermediate Microeconomic Theory or ECON 301 Quantitative Microeconomic Theory (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Six additional Economics courses at or above the 300 level, at least two of which are at or above the 400-level. At least one of the 400 level Economics electives must be chosen from courses other than ECON 415, 422, or 423: (minimum grade C-) . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Credit will not be allowed for both courses of any of the following sets of corresponding courses: ECON 332 and ECON 433, ECON 344 and ECON 444, ECON 360 and ECON 463, ECON 381 and ECON 483, and ECON 390 and ECON 490. MATH 201/202 Introduction to Statistics I and II: (minimum grade C-). . . 6 Related Work Requirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Nine credits chosen from any 300-level or higher courses in Accounting, Anthropology, Business Administration, Computer Science, Finance, Geography, History, Mathematics, Philosophy, Political Science, Psychology, Sociology, and Statistics. Also acceptable are ACCT 207, 208, 261, any 200-level Mathematics except 201, 202, 205, 250, 251, 252, 253, and any BUEC courses. ELECTIVES After required courses are completed, sufficient credits must be taken to meet the minimum credits required for the degree. CREDITS TO TOTAL A MINIMUM OF . . . . . . . . . . . . . . . 120 DEGREE: BACHELOR OFARTS OR BACHELOR OF SCIENCE MAJOR: ECONOMICS CONCENTRATION: APPLIED ECONOMICS The requirements for the major in Economics must be met. The following requirements must be met in place of the requirement for six economics courses, with at least two at the 400-level, and the quantitative proficiency requirements for the regular B.A. or B.S. degree: ECON 422/423 Econometric Methods and Models I and II . . . . . . . . . . . . 6 or ECON 822/823 Econometric Theory/Seminar in Econometrics Three Economics courses at the 300- or 400-level . . . . . . . . . . . . . . . . . 9 Two Economics courses at the 400-level or higher (but not ECON 426, ECON 801, ECON 802, ECON 811 or ECON 812) . . . . . . . . . . . . . . . . . 6 Twelve credits of course work in the quantitative area, including the following . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 - ACCT 261 Introduction to Business Information Systems II (prerequisite ACCT 160) - Six credits in MATH at or above the 200-level (except MATH except 201, 202, 205, 250, 251, 252, and 253). - Any one of the following: ACCT 208, BUAD 306, BUAD 346, BUAD 446, BUEC 430, BUEC 431, ECON 415, ECON 422, ECON 423, ECON 426, MATH 300, CISC courses at or above the 300-level. DEGREE: BACHELOR OFARTS OR BACHELOR OF SCIENCE MAJOR: ECONOMICS CONCENTRATION: ECONOMIC THEORY AND ECONOMETRICS The requirements for the major in Economics must be met. The following requirements must be met in place of the requirement for six economics courses, with at least two at the 400-level, and the quantitative proficiency requirements for the regular B.A. or B.S. degree: ECON 422/423 Econometric Methods and Models I and II . . . . . . . . . . . . 6 or ECON 822/823 Econometric Theory/Seminar in Econometrics Four Economics courses at the 300- or 400-level . . . . . . . . . . . . . . . . . 12 Two additional 400-level courses in economic theory, chosen from ECON 406, ECON 426, ECON 430, ECON 441, ECON 443, ECON 463, or graduate level courses in economic theory by approval. A mathematics course at the 300-level or above may be substituted for one of the 400-level courses in economic theory. Twelve credits of course work in the quantitative area, including the following . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 - ACCT 261 Introduction to Business Information Systems II (prerequisite ACCT 160) - Six credits in MATH at or above the 200-level (except MATH except 201, 202, 205, 250, 251, 252, and 253). - Any one of the following: ACCT 208, BUAD 306, BUAD 346, BUAD 446, BUEC 430, BUEC 431, ECON 415, ECON 422, ECON 423, ECON 426, STAT courses at or above the 300-level, CISC courses at or above the 300-level. DEGREE: BACHELOR OFARTS MAJOR: ECONOMICS EDUCATION CURRICULUM CREDITS See page 90-91 for University and Breadth requirements. MAJOR REQUIREMENTS Minimum C- in all required ECON courses. ECON 151 Introductory Microeconomics: Prices and Markets . . . . . . . . . 3 ECON 152 Introductory Macroeconomics: National Economy . . . . . . . . . 3 ECON 300 Intermediate Microeconomic Theory . . . . . . . . . . . . . . . . . . . . 3 or ECON 301 Quantitative Microeconomic Theory . . . . . . . . . . . . . . . . . . . . 3 ECON 303 Intermediate Macroeconomic Theory . . . . . . . . . . . . . . . . . . . 3 Six Economics courses, at least two of which are at or above the 400 level . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 POSC 150 The American Political System . . . . . . . . . . . . . . . . . . . . . . . . 3 GEOG 120 World Regional Geography . . . . . . . . . . . . . . . . . . . . . . . . . . 3 HIST 104 World History II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 HIST 206 United States History since 1865 . . . . . . . . . . . . . . . . . . . . . . . .3 Additional credits as follows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 6 credits in POSC, 6 credits in GEOG, 3 credits in HIST EDUC 413 Adolescent Development and Educational Psychology. . . . . 4 EDUC 414 Teaching Exceptional Adolescents . . . . . . . . . . . . . . . . . . . . 3 EDUC 419 Diversity in Secondary Education . . . . . . . . . . . . . . . . . . . . . .3 HIST 491 Planning a Course of Instruction . . . . . . . . . . . . . . . . . . . . . . . 3 HIST 493 Seminar: Problems in Teaching History and Social Sciences. . 3 EDUC 420 Reading in the Content Areas . . . . . . . . . . . . . . . . . . . . . . . . 1 EDUC 400 Student Teaching . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Grade of C- or better required in all required major, major related, and professional studies courses. To be eligible to student teach, Economics Education students must have a GPA of 3.0 in their major and an overall GPA of 2.75. They must also pass a teacher competency test as established by the University Council on Teacher Education. Students must consult with the teacher education program coordinator (see list on p. 205) to obtain the student teaching application and other information concerning student teaching policies CREDITS TO TOTAL A MINIMUM OF . . . . . . . . . . . . . . . 120 HONORS BACHELOR OF ARTS: ECONOMICS OR ECONOMICS EDUCATION HONORS BACHELOR OF SCIENCE: ECONOMICS The recipient must complete: 1. All requirements for the Bachelor of Arts or Bachelor of Science in Economics in the Alfred Lerner College of Business and Economics. 2. All of the University’s generic requirements for the Honors Baccalaureate degree (see page 52 of this catalog). The courses in Intermediate Microeconomic Theory and Intermediate Macroeconomic Theory must be taken in Honors sections. Courses in Economics at the 600-level or higher may be considered as Honors courses. MINOR IN ECONOMICS The minor in Economics provides students in other degree programs an opportunity to study the basic concepts and methodology in economics and to gain formal recognition for their efforts. REQUIRED COURSES IN MINOR: Six courses (18 credits) with a grade of C- or better, including ECON 151, 152; one of the following four courses: ECON 251, 300, 301, or 303; and three additional courses at or above the 300-level. NOTE: credit can only be received for one of ECON 251, 300 or 301. APPLICATION FOR MINOR: Same as application for major. (see page 180) INTERDEPARTMENTAL MAJOR IN ECONOMICS The interdepartmental major consists of 51 credit hours selected from related fields with a minimum of 21 credit hours selected from each major field. In general, the Economics Department requires that the 21 hours of economics include ECON 151, 152, 300 or 301, and 303. Before considering an interdepartmental major program, the student should strongly consider the option of a major in one field and a minor in the other. International Relations is an established interdepartmental major with Economics. Interdepartmental majors have also been established for Economics and either French or Spanish, Economics and Political Science, and Economics and Mathematics. Students wishing to explore the possibility of developing an interdepartmental major with other departments should arrange conferences with their faculty advisors and the appropriate department chairs to plan their programs. Approval of the program is also required by the dean of the college or colleges in which the student is registered. See also the section on Interdepartmental Major (page 90) in the College of Arts and Sciences section of this catalog for the requirements for an interdepartmental major combining economics with any field in the College of Arts and Sciences. The application process for an interdepartmental major in economics is the same as the application for a major in economics.