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, 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.

Degree Outcomes

Graduates with a BA in economics will:

  • Articulate and apply economic models and reasoning to choice making in multiple settings: individual personal finance, managerial and organizational decision making, and at the level of public policy
  • Demonstrate analytical skills involved in gathering and evaluating economic data and applying economic research to problem solving
  • Demonstrate effective writing and presentation skills with respect to economic topics
  • Examine economic issues and controversies with an informed awareness of the history of economic thought, the nature of political economy, and the perspectives of faith
  • Develop an understanding of global realities, differences, institutions, challenges and opportunities

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
FINC 340 Financial Markets and Institutions 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 311 Differential Equations with Linear Algebra 4
MATH 411 Advanced 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