College of Business > Academics > Department of Economics > Majors & Minors > Economics (BA) > Major Requirements

Major Requirements

Major Requirements

Course Requirements

Course Title Quarter Hours
ECO 105PRINCIPLES OF MICROECONOMICS4
ECO 106PRINCIPLES OF MACROECONOMICS4
ECO 304ANALYTICS FOR ECONOMICS4
ECO 305INTERMEDIATE MICROECONOMICS4
ECO 306INTERMEDIATE MACROECONOMICS4
Select eight additional 300-level or higher Economics Electives. ECO 101, ECO 250, ECO 393, and ECO 395 may not be used as Economics Electives towards a major or minor in Economics.32
MAT 137BUSINESS STATISTICS (or an equivalent statistics course approved by an Economics advisor)4

Focus Areas for Economics Majors/Minors 

The Economics major requires students to complete principles of micro- and macroeconomics, intermediate micro- and macroeconomic theory, 1 term of statistics, and Economic Analytics. 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 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; 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; Positions with multinational companies related to their overseas operations
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 Analysts; 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
Preparation for PhD in Economics For students interested in pursuing a PhD in Economics A Ph.D. in Economics is needed for academic and research-based employment in think tanks and government agencies

Relevant Coursework

Business Strategy 
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 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

Note: Students may want to add a language to this FA. 

Data Analytics
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
Economic Policy and Market Analysis
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 Title Quarter Hours
ECO 326
HEALTH ECONOMICS
ECO 398
SPECIAL TOPICS (The Business of Health)
ECO 398
SPECIAL TOPICS (Topics in Health Economics)
Macroeconomic Policy Analysis
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
ECO 398
SPECIAL TOPICS (Modern Analysis of Economic Indicators & Trends)
ECO 198
CURRENT ECONOMIC ISSUES (FED CHALLENGE (not applicable to major/minor))
Preparation for PhD in Economics
  • Data Analytics courses
  • Courses from any other 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.

ECO 101, ECO 250, ECO 393 and ECO 395 may not be used as Economics Electives towards a major or minor in Economics.

Open Electives

Open elective credit also is required to meet the minimum graduation requirement of 192 hours.

Students are encouraged to use their open electives to minor or double major in a complementary field of study. A student’s specific interest in economics will dictate the best choice of a minor or double major.​

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