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Oct 30, 2024
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Spring 2024 Undergraduate Catalog [ARCHIVED CATALOG]
Economics, Minor
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Economics focuses on how people choose to use resources when faced with competing uses for them. The analysis can be directed to individuals and how time and income are spent, or to society and how it allocates scarce resources. For society, issues of unemployment, inflation, and growth are also focal points of the analysis. Economics majors gain strong analytical skills and the ability to critically evaluate alternatives. Communication skills are also stressed. These skills translate into entry-level positions in business or provide a foundation for law school, an M.B.A., or graduate school. The department also offers a master of arts in economics.
Learning Outcomes
Upon completion of the baccalaureate degree, students in economics are expected to:
- Demonstrate a command of basic characteristics of the American and global economy by using this knowledge to critically evaluate economic outcomes;
- Demonstrate a command of basic economic theory by using this theory to make predictions and to analyze alternative economic policy options;
- Demonstrate the ability to communicate in both oral and written forms by presenting arguments and evidence clearly and concisely;
- Demonstrate the ability to engage in and understand moral reasoning with respect to economic issues by recognizing the implicit value conflicts present in all economic policy debates;
- Demonstrate the ability to engage in problem solving, using basic economic theory;
- Demonstrate the ability to engage in critical thinking as a part of the analysis of economic problems.
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Minor
(21 Credits)
The Economics Minor (offered through the College of Arts & Sciences) is available to all students except those majoring or specializing in Economics.
Required Courses
21 Credit Hours Required:
Note:
Notes: ECON 2000 does not count in the minor
Substitute courses must be approved by the department. All students must complete at least 15 credit hours toward the minor that are not counted in the student’s major or specialization or another minor. For non-business students, the total number of hours earned in the College of Business courses may not exceed 25 percent or 30 hours of the 122 needed for graduation, counting the major and the minor. All courses must be taken for a letter grade. (Note: six hours of STAT and nine hours of ECON are exempt from this limitation.)
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