Economics (LAS)

FACULTY Professors Highfill, O’Brien (chair), Sattler, Scott, Weinstein; Associate Professors Felder, Wojcikewych; Assistant Professors Gretz, Lewer.

The Department of Economics offers a major in both the College of Liberal Arts and Sciences and in the Foster College of Business Administration. Normally, individuals planning a career in government, politics, public policy, or the law should be in the College of Liberal Arts and Sciences. Students interested in an economics major are urged to consult with a departmental advisor for a suggested course of study that will serve their career objectives.

The departmental requirements for the major are designed to provide the student with: (1) a knowledge of basic economic theory; (2) quantitative tools for dealing with economic variables; (3) more specialized understanding of particular areas of interest in economics; and (4) a broad background in the humanities, in the social sciences, and in the physical sciences.

Individuals planning to study for the Ph.D. in economics should take either a minor in mathematics or the following courses: MTH 121, MTH 122, MTH 207 and MTH 223. It is strongly advised that MTH 420 also be taken.

Students enrolling in the Department of Economics will meet its requirements by completing the following program.

Course Requirements:

  • Economics 221 (or 100), and 222 - 6 hrs.
  • Economics Colloquium for Juniors (300) - 1 hr.
  • Intermediate Microeconomic Theory (332) - 3 hrs.
  • Intermediate Macroeconomic Theory (333) - 3 hrs.
  • Economics Colloquium for Seniors (400) - 1 hr.
  • Senior Seminar (498, 499) - 4 hrs.
  • Economics Electives - 6 hrs.
  • At least one Policy Course (Economics 301, 305, 310, 325, 362, 391) - 3 hrs.
  • Minimum of 27 semester hours in economics including at least 24 semester hours above the 100 level.
  • BMA 173 Information Systems and Business Applications - 3 hrs.
  • QM 262, 263, or equivalent - 6 hrs.
  • Philosophy - 3 hrs.
  • Mathematics (Calculus), MTH 121 or MTH 115 - 4 hrs.
  • ATG 157 Accounting Principles - Financial - 3 hrs.

Majors must receive a grade of C or better in Economics 332, 333, and 499.

Economics majors must demonstrate proficiency with commonly used computer software by passing a proficiency test. Students should contact the Student Services Office of the Foster College of Business Administration for details of testing.

Economics Minor

The purpose of the minor in economics is to provide students with a coherent and guided study of economics as it relates to their special discipline or interests. Students must fulfill the following requirements:

  1. ECO 100 or 221, and 222.
  2. ECO 332 or 333 (with a grade of C or better).
  3. 6 hours of junior-senior level economics courses.
  4. 9 hours of the 15 hours must be taken at Bradley.
  5. The minor must be declared no later than the completion of the third economics course.

Students in an economics minor must consult with a departmental advisor at the time that the minor is declared to plan a course of study that will serve their objectives.

The economics curriculum is designed to (a) provide students from other disciplines an opportunity to broaden their understanding of the economic forces that shape societies; (b) provide an opportunity for in-depth study of economics for students planning careers in education, law, government service, business, and other careers in which a more specialized understanding of economics is desirable; and (c) allow students planning to engage in economics professionally to prepare for graduate work.

All courses offered by the Department of Economics are available for students in the College of Liberal Arts and Sciences. For convenience these courses are listed below by the title only. A complete listing of courses and course descriptions is given in the Department of Economics section under the Foster College of Business Administration.

  • ECO 100 Introduction to Economics - 3 hrs.
  • ECO 200 Economics in Literature - 1 hr.
  • ECO 221 Principles of Microeconomics - 3 hrs.
  • ECO 222 Principles of Macroeconomics - 3 hrs.
  • ECO 300 Economics Colloquium for Juniors - 1 hr.
  • ECO 301 Money and Banking - 3 hrs.
  • ECO 305 Public Expenditure and Finance - 3 hrs.
  • ECO 310 Labor Problems - 3 hrs.
  • ECO 313 American Economic History - 3 hrs.
  • ECO 319 Introduction to Econometrics - 3 hrs.
  • ECO 325 Urban Economics - 3 hrs.
  • ECO 332 Intermediate Microeconomic Theory - 3 hrs.
  • ECO 333 Intermediate Macroeconomic Theory - 3 hrs.
  • ECO 335 Managerial Economics - 3 hrs.
  • ECO 345 Comparative Economic Systems - 3 hrs.
  • ECO 351 Economic Development - 3 hrs.
  • ECO 352 Industrial Organization - 3 hrs.
  • ECO 362 Economics and Law - 3 hrs.
  • ECO 390 International Monetary Economics - 3 hrs.
  • ECO 391 International Trade - 3 hrs.
  • ECO 399 Special Topics in Economics - 3 hrs.
  • ECO 400 Economics Colloquium for Seniors - 1 hr.
  • ECO 418 Mathematical Economics - 3 hrs.
  • ECO 434 Readings in Economics - 1–6 hrs.
  • ECO 444 History of Economic Thought - 3 hrs.
  • ECO 498 Senior Seminar in Economics, Part I - 1 hr.
  • ECO 499 Senior Seminar in Economics, Part II - 3 hrs.