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2012-2013 Academic Catalog and Handbook

Bachelors (BA) in Economics

Economics is the study of how human societies coordinate to meet needs. It is thus a science concerned with decision making, allocation, social customs, and political realities. It draws upon philosophy, mathematics, history, and other social sciences to study such issues as individual and household choice making, the behavior of firms and industries, the allocative and regulatory roles of government, and the social challenges of economic growth, distribution, unemployment, inflation, globalization, and environmental issues. In keeping with the university's mission and objectives, the faculty examine economic topics from the perspectives of faith, emphasizing such themes as service, stewardship, and justice.

The economics major offers a 42-semester-hour course of study, enabling students to prepare for careers as economists in business, government, or education, as well as offering an undergraduate social science major of interest to students anticipating graduate study in business administration, law, public policy, public administration, or advanced studies in economics. Like other majors in the Department of Business and Economics, it requires completion of general core classes, COMM 100 Introduction to Communication, and specialized selected courses. Students are required to obtain a minimum grade of C- in all courses taken for the major. Field experiences and internships are strongly encouraged.

Special General Education Requirements
COMM 100 Introduction to Communication 3

Major Requirements
Economics Core (21 hours)
BUSN 240 Statistics for Business and Economics 3
ECON 201 Principles of Microeconomics 3
ECON 202 Principles of Macroeconomics 3
ECON 301 Intermediate Microeconomics 3
ECON 302 Intermediate Macroeconomics 3
ECON 410 Introduction to Applied Econometrics 3
ECON 490 Economics Senior Seminar 3
Electives (21 hours)
Students must choose 15 semester hour from the following courses:
ECON 340 Public Economics 3
ECON 370 Global Political Economy 3
ECON 461 International Trade 3
ECON 462 International Finance 3
ECON 475 Field Experience 3
ECON 485 Selected Topics 3

Students must choose 6 semester hours from the following courses:
BUSN 290 Business Ethics or PHIL 180 Ethics 3
GSCI 485 Selected Topics: History and Philosophy of Science 3
MATH 201 Calculus I 4
MATH 202 Calculus II 4
MATH 301 Calculus III 3
MATH 310 Differential Equations with Linear Algebra 3
MATH 320 Linear Algebra 3
PHIL 312 History of Philosophy II: Modern and Postmodern 3
PHIL 280 Introduction to Political Philosophy 3
PHIL 285 Selected Topics 3
PHIL 320 Agrarian Philosophy: Life and Land 3
PHIL 332 Virtue Philosophy 3
PHIL 373 Social Theory 3
PHIL 485 Selected Topics 3
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