College of Business > Academics > Department of Economics > Majors & Minors > Economics (BSB) > Curricular Specializations

Curricular Specializations

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 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 305ECO 306, or ECO 375].

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
Students may want to add a language to this Focus Area.
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 ( for Economic Honors and BSB-EDA students only)
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 (TOPICS IN HEALTH ECONOMICS and/or THE BUSINESS OF HEALTH)
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 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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