Focus Areas for Economics Majors/Minors
The Economics major requires students to complete principles of micro- and macroeconomics, intermediate micro- and macroeconomic theory, business analytics, and statistics. While the program does not require students to select a particular concentration for their studies, students may want to focus the selection of their economics electives to match their academic and future career interests. The department recommends the following Focus Areas as an advising tool for students to use in their course selection. In addition to the courses listed below, the department offers Special Topics courses [ECO 398] that may be relevant to one or more of the Focus Areas.
Focus Areas
| Focus Area |
Description |
Occupations |
| Business Strategy |
For students interested in understanding how market competition and government regulation affects the behavior of business. |
Pricing/ Revenue Analyst; Business Development Analyst; Consulting (litigation-related); Risk Analyst |
| International Economics |
For students interested in understanding how international markets work, how businesses handle international operations, and how countries develop trade and development policies. |
International Trade Analyst; International Business Development; Trade Compliance Analyst |
| Data Analytics |
For students interested in enhancing their data analytical skills beyond the basic statistic requirement. This FA is a good complement to all other FAs as data analytics is used in many types of occupations. |
Consulting; Data Analyst; Research Analyst |
| Economic Policy and Market Analysis |
For students interested in government policy and its effect on the economy. |
Economics Analyst (federal, state, and local government agencies); Policy Analyst; Legislative Liaison |
| Health Economics |
For students interested in policy and analysis of healthcare delivery and insurance markets. |
Healthcare Analyst; Business Consulting; Healthcare Actuary |
| Macroeconomic Policy Analysis |
For students interested in developing knowledge of how macroeconomic indicators are used in business decisions and policy making. |
Federal Reserve Bank Research Analyst; Business Development Analyst; Financial Market Analyst; Bureau of Economic Analysis Economist |
Relevant Coursework
For students participating in the Economics Honors Track, we have indicated [1] which courses in can be used to satisfy the Advance Elective requirement [courses carrying a prerequisite of ECO 304, ECO 305, or ECO 306].
Business Strategy
Course List
| Course |
Title |
Quarter Hours |
ECO 307 | MANAGERIAL DECISION MAKING | |
ECO 308 | BUSINESS STRATEGY | |
ECO 313 | MARKET STRUCTURE AND REGULATION OF BUSINESS 1 | |
ECO 335 | SUSTAINABLE STRATEGIES FOR ENERGY AND THE ENVIRONMENT | |
ECO 379 | GAME THEORY 1 | |
International Economics
Course List
| Course |
Title |
Quarter Hours |
ECO 316 | EUROPEAN ECONOMIC HISTORY | |
ECO 330 | RADICAL RESPONSES TO CAPITALISM | |
ECO 333 | TOPICS IN GLOBAL ECONOMIES | |
ECO 334 | UNDERSTANDING CHINA'S ECONOMY | |
ECO 340 | DEVELOPMENT OF ECONOMIC THOUGHT 1 | |
ECO 360 | ECONOMICS OF LOW-INCOME COUNTRIES | |
ECO 361 | INTERNATIONAL TRADE | |
ECO 362 | INTERNATIONAL MONETARY ECONOMICS | |
| |
Data Analytics
Course List
| Course |
Title |
Quarter Hours |
ECO 304 | ANALYTICS FOR ECONOMICS | |
ECO 336 | EXPLORING ECONOMICS & STATISTICS THROUGH SPORTS | |
ECO 376 | TIME SERIES ANALYSIS 1 | |
ECO 377 | ECONOMIC ANALYTICS USING SAS & R ( for Economic Honors and BSB-EDA students only) | |
Economic Policy and Market Analysis
Course List
| Course |
Title |
Quarter Hours |
ECO 310 | URBAN ECONOMICS | |
ECO 312 | THE CHICAGO ECONOMY | |
ECO 314 | ECONOMICS OF THE PUBLIC SECTOR 1 | |
ECO 317 | AMERICAN ECONOMIC HISTORY | |
ECO 318 | LABOR ECONOMICS AND ORGANIZATION | |
ECO 321 | LAW & ECONOMICS | |
ECO 341 | BEHAVIORAL ECONOMICS 1 | |
Health Economics
Course List
| Course |
Title |
Quarter Hours |
ECO 326 | HEALTH ECONOMICS | |
ECO 398 | SPECIAL TOPICS (TOPICS IN HEALTH ECONOMICS and/or THE BUSINESS OF HEALTH) | |
Macroeconomic Policy Analysis
Course List
| Course |
Title |
Quarter Hours |
ECO 315 | INTRODUCTION TO MONEY AND BANKING | |
ECO 322 | FINANCIAL MARKET REGULATION | |
ECO 362 | INTERNATIONAL MONETARY ECONOMICS | |
ECO 376 | TIME SERIES ANALYSIS 1 | |
ECO 398 | SPECIAL TOPICS (MODERN ANALYSIS OF ECONOMIC INDICATORS AND TRENDS) | |
ECO 198 | CURRENT ECONOMIC ISSUES (FED CHALLENGE 2 hours; not applicable to major/minor) | |
Preparation for PhD in Economics
- A Ph.D. in Economics is needed for academic and research-based employment in think tanks and government agencies.
- Recommended course ECO 304
- Courses from any of the FA would be appropriate especially advanced electives1.
- Regular calculus sequence (MAT 150/MAT 151/MAT 152) rather than the business calculus sequence (MAT 135/MAT 136)
- Note: students may want to consider the combined bachelor's/master's program to take graduate economics course in their senior year
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