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, 2 terms of calculus, and 1 term of 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
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
Financial Economics For students interested in understanding how the banking sector and financial markets work. Financial Analyst; Credit Analyst; Valuation Analyst; Risk 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
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

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 313
MARKET STRUCTURE AND REGULATION OF BUSINESS 1
ECO 321
LAW & ECONOMICS
ECO 379
GAME THEORY 1
ECO 398
SPECIAL TOPICS (Business Strategy)
Other ECO courses on specific industries:
ECO 335
ENERGY AND ENVIRONMENTAL ECONOMICS
ECO 326
HEALTH ECONOMICS
International Economics
Course Title Quarter Hours
ECO 316
EUROPEAN ECONOMIC HISTORY
ECO 360
ECONOMICS OF LOW-INCOME COUNTRIES
ECO 361
INTERNATIONAL TRADE
ECO 362
INTERNATIONAL MONETARY ECONOMICS
ECO 330
RADICAL RESPONSES TO CAPITALISM
ECO 333
TOPICS IN GLOBAL ECONOMIES
ECO 340
DEVELOPMENT OF ECONOMIC THOUGHT 1

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

Financial Economics
Course Title Quarter Hours
ECO 315
INTRODUCTION TO MONEY AND BANKING
ECO 322
FINANCIAL MARKET REGULATION
ECO 362
INTERNATIONAL MONETARY ECONOMICS

Note: students in both the BA and BSB Economics programs have the option of minoring in Finance.

Data Analytics 
Course Title Quarter Hours
ECO 336
EXPLORING ECONOMICS & STATISTICS THROUGH SPORTS
ECO 375
INTRODUCTION TO ECONOMETRICS
ECO 376
TIME SERIES ANALYSIS 1
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 326
HEALTH ECONOMICS
ECO 335
ENERGY AND ENVIRONMENTAL ECONOMICS
ECO 341
BEHAVIORAL ECONOMICS 1
Preparation for PhD in Economics 
  • ECO 375
  • 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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