Twin Cities campus
 
Twin Cities Campus

Economics B.A.

Economics
College of Liberal Arts
  • Program Type: Baccalaureate
  • Requirements for this program are current for Spring 2012
  • Required credits to graduate with this degree: 120
  • Required credits within the major: 34 to 36
  • Degree: Bachelor of Arts
Economics emphasizes critical thinking and the understanding of basic economic principles. The B.A. gives students a solid background in economics, is the least quantitative of the three economics majors, and provides excellent preparation for students interested in working immediately after graduation or considering law school. Students choose from courses in comparative economic systems; economic theory; econometrics; economic development; game theory; industrial organization; cost-benefit analysis; environmental, financial, international, mathematical, monetary, public, and labor economics. For more information, visit www.econ.umn.edu.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
Students must complete 3 courses before admission to the program.
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Required prerequisites
Preparatory Coursework
MATH 1271 - Calculus I [MATH] (4.0 cr)
ECON 1101 - Principles of Microeconomics [SOCS, GP] (4.0 cr)
or ECON 1101H {Inactive} (4.0 cr)
ECON 1102 - Principles of Macroeconomics (4.0 cr)
General Requirements
All students are required to complete general University and college requirements including writing and liberal education courses. For more information about University-wide requirements, see the liberal education requirements. Required courses for the major or minor in which a student receives a D grade (with or without plus or minus) do not count toward the major or minor (including transfer courses).
Program Requirements
Students are required to take 4 semester(s) of any second language.
All Major Requirements courses must be taken A-F. Three credits of independent study (ECON 3991) may be applied toward the major. A grade of C- or better is required in all courses counting toward the degree. Students must have a 2.00 GPA in all major courses in order to graduate. This policy is strictly enforced. Supporting work in computer science, business, mathematics, and statistics is recommended. Only one country/area study course (ECON 3960, 4311, 4313, or 4315) or DUS-approved study-abroad course may count toward the electives requirement. Residency requirement: All students must complete 12 credits of their 4xxx and 5xxx economics courses at UMNTC. Students must take at least one writing intensive course in economics, or take ECON 4100W concurrently with ECON 4831 or an honors course. All study-abroad or transfer courses must be pre-approved by the director of undergraduate studies in economics.
Major Requirements
ECON 3101 - Intermediate Microeconomics (4.0 cr)
ECON 3102 - Intermediate Macroeconomics (4.0 cr)
STAT 3011 - Introduction to Statistical Analysis [MATH] (4.0 cr)
STAT 3022 - Data Analysis (4.0 cr)
Electives
At least one 4xxx-5xxx course must be writing intensive. Students may substitute ACCT 5100 and other selected 5xxx APEC courses for one of the six required elective courses, with the prior approval of the director of undergraduate studies. ECON 4431W, 4631, 4721, 4731, 4741, and 4751 are also offered as four-credit honors courses open to all students.
Take 6 or more course(s) totaling 18 or more credit(s) from the following:
· ECON 3960 - Topics in Economics (3.0 cr)
· ECON 4021 {Inactive} (3.0 cr)
· ECON 4109H - Honors Course: Game Theory and Applications (4.0 cr)
· ECON 4113 - Introduction to Mathematical Economics (4.0 cr)
· ECON 4171 - History of Economic Thought (3.0 cr)
· ECON 4211 - Principles of Econometrics (4.0 cr)
· ECON 4311 - Economy of Latin America (3.0 cr)
· ECON 4313 - The Russian Economy (3.0 cr)
· ECON 4315 - The Japanese Economy (3.0 cr)
· ECON 4331W - Economic Development [WI] (3.0 cr)
· ECON 4337 - Comparative Economic Systems (3.0 cr)
· ECON 4421W {Inactive} [WI] (3.0 cr)
· ECON 4431W - International Trade [GP, WI] (3.0 cr)
· ECON 4432W - International Finance [WI] (3.0 cr)
· ECON 4531 - Labor Economics (3.0 cr)
· ECON 4621H {Inactive} (4.0 cr)
· ECON 4631 - Industrial Organization and Antitrust Policy (3.0 cr)
· ECON 4721 - Money and Banking (3.0 cr)
· ECON 4731 - Macroeconomic Policy (3.0 cr)
· ECON 4751 - Financial Economics (3.0 cr)
· ECON 4821 - Public Economics (3.0 cr)
· ECON 4831 - Cost-Benefit Analysis (3.0 cr)
· ECON 4960 - Topics in Economics (3.0 cr)
· ECON 5890 - Economics of the Health-Care System (3.0 cr)
Senior Project
This requirement may be waived if a senior project has been completed in another CLA department.
ECON 3951 - Major Project Seminar (2.0 cr)
or ECON 3991 - Independent Study (1.0-3.0 cr)
or The final project requirement may be fulfilled with a term paper from an upper division writing intensive (WI) course with a minimum grade of A-.
or The final project requirement may be fulfilled with an acceptable honors project or thesis (up to 6 credits).
Program Sub-plans
A sub-plan is not required for this program.
Honors UHP
This is an honors sub-plan.
Students admitted to the University Honors Program (UHP) must fulfill UHP requirements in addition to degree program requirements. Honors courses used to fulfill degree program requirements will also fulfill UHP requirements. Current departmental honors course offerings are listed at: http://www.honors.umn.edu/academics/curriculum/dept_courses_current.html Honors students complete an honors thesis project in the final year, most often in conjunction with an honors thesis course, or with an honors directed studies or honors directed research course. Students select honors courses and plan for a thesis project in consultation with their UHP adviser and their departmental faculty adviser.
 
More program views..
View college catalog(s):
· College of Liberal Arts

View future requirement(s):
· Fall 2014
· Spring 2014
· Spring 2013
· Fall 2012

View sample plan(s):
· Economics B.A.

View checkpoint chart:
· Economics B.A.
View PDF Version:
Search.
Search Programs

Search University Catalogs
Related links.

College of Liberal Arts

TC Undergraduate Admissions

TC Undergraduate Application

One Stop
for tuition, course registration, financial aid, academic calendars, and more
 
MATH 1271 - Calculus I (MATH)
Credits: 4.0 [max 4.0]
Course Equivalencies: Math 1142/1271/1281/1371/1571H
Typically offered: Every Fall, Spring & Summer
Differential calculus of functions of a single variable, including polynomial, rational, exponential, and trig functions. Applications, including optimization and related rates problems. Single variable integral calculus, using anti-derivatives and simple substitution. Applications may include area, volume, work problems. prereq: 4 yrs high school math including trig or satisfactory score on placement test or grade of at least C- in [1151 or 1155]
ECON 1101 - Principles of Microeconomics (SOCS, GP)
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 1101/1104/1111/ApEc 1101
Typically offered: Every Fall, Spring & Summer
Microeconomic behavior of consumers, firms, and markets in domestic and world economy. Demand and supply. Competition and monopoly. Distribution of income. Economic interdependencies in the global economy. Effects of global linkages on individual decisions. prereq: knowledge of plane geometry and advanced algebra
ECON 1102 - Principles of Macroeconomics
Credits: 4.0 [max 4.0]
Course Equivalencies: 00020 - ApEc 1102/Econ 1102/1105/1112
Typically offered: Every Fall, Spring & Summer
Aggregate consumption, saving, investment, and national income. Role of money, banking, and business cycles in domestic and world economy. International trade, growth, and development. U.S. economy and its role in the world economy. International interdependencies among nations. prereq: [1101 or equiv], knowledge of plane geometry and advanced algebra
ECON 3101 - Intermediate Microeconomics
Credits: 4.0 [max 4.0]
Course Equivalencies: 00025
Typically offered: Every Fall, Spring & Summer
Behavior of households, firms, and industries under competitive/monopolistic conditions. Factors influencing production, price, and other decisions. Applications of theory. Economic efficiency. Distribution of well-being. prereq: [[1101, 1102] or equiv], [MATH 1271 or equiv]
ECON 3102 - Intermediate Macroeconomics
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 3102/ApEc 3006
Typically offered: Every Fall, Spring & Summer
Determinants of national income, employment, and price level; effects of monetary and fiscal policies; emphasis on a general equilibrium approach. Applications of the theory, especially to current macroeconomic policy issues. prereq: 3101 or equiv
STAT 3011 - Introduction to Statistical Analysis (MATH)
Credits: 4.0 [max 4.0]
Course Equivalencies: AnSc 2211/Stat 3011/5021
Typically offered: Every Fall, Spring & Summer
Standard statistical reasoning. Simple statistical methods. Social/physical sciences. Mathematical reasoning behind facts in daily news. Basic computing environment.
STAT 3022 - Data Analysis
Credits: 4.0 [max 4.0]
Typically offered: Every Fall & Spring
Practical survey of applied statistical inference/computing covering widely used statistical tools. Multiple regression, variance analysis, experiment design, nonparametric methods, model checking/selection, variable transformation, categorical data analysis, logistic regression. prereq: 3011 or 3021 or SOC 3811
ECON 3960 - Topics in Economics
Credits: 3.0 [max 6.0]
Typically offered: Every Fall
Topics specified in Class Schedule. prereq: [1101, 1102] or equiv
ECON 4109H - Honors Course: Game Theory and Applications
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall
Games. Normal form, extensive form. Wars of attrition. Games of timing. Bargaining applications in industrial organization, macroeconomics, and international economics. prereq: [[3101, 3102]] or equiv], [[MATH 1271, MATH 1272] or equiv]
ECON 4113 - Introduction to Mathematical Economics
Credits: 4.0 [max 4.0]
Course Equivalencies: 02006
Typically offered: Every Fall & Spring
Development of selected models of economic behavior in mathematical terms. Topics selected to illustrate advantages of mathematical formulation. prereq: [[3101, 3102] or equiv], [[MATH 1271, MATH 1272, MATH 2243] or equiv]
ECON 4171 - History of Economic Thought
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Primarily a critical reading course. Smith, Ricardo, Malthus, Marx. Neoclassicists, Keynes, mercantilist/physiocratic doctrines. Modern theory. prereq: [3101, 3102] or equiv
ECON 4211 - Principles of Econometrics
Credits: 4.0 [max 4.0]
Typically offered: Every Fall
Data analysis/quantitative methods in economics. Violation of classical regression model assumptions, modified estimation procedures that retain desirable properties. Multi-equation models. Computer applications/interpretation of empirical results. prereq: [3101 or equiv], [Stat 3011, Stat 3022] or equiv or higher level Stat courses], familiarity with computers
ECON 4311 - Economy of Latin America
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Economic evolution in Latin America since 1950. Trade liberalization, poverty, inflation, development strategies in selected Latin American countries. Theory/applications of important issues. prereq: [1101, 1102] or equiv
ECON 4313 - The Russian Economy
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Main features of Soviet economic system, its economic development from 1971 to 1980s. Collapse of Soviet Union in 1991. Recent economic reforms adopted by Russia and Commonwealth of Independent States. Russia's relations with world. prereq: [1101, 1102] or equiv
ECON 4315 - The Japanese Economy
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Economic development following contact with western civilization. Trade, development/growth, population growth, capital formation, international economic relations, agricultural/industrial policies. Role of government in economy. Current issues. prereq: [1101, 1102] or equiv
ECON 4331W - Economic Development (WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: 00031 - Econ 4301/4331
Typically offered: Every Fall, Spring & Summer
Economic growth in low income countries. Theory of aggregate and per capita income growth. Population growth, productivity increases, and capital formation. Allocation of resources between consumption and investment and among sectors. International assistance/trade. prereq: [[3101, 3102] or equiv], completion of freshman writing practice
ECON 4337 - Comparative Economic Systems
Credits: 3.0 [max 3.0]
Course Equivalencies: Econ 4307/4337
Typically offered: Every Fall, Spring & Summer
Functions of economic systems; market economy versus centrally planned economy. Comparison of different economic systems. Post socialist transitions in Eastern Europe, Russia, and China. Initial conditions and strategies for reforms; results of reforms in terms of key economic indicators. prereq: 3101, 3102 or equiv
ECON 4431W - International Trade (GP, WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: 01974
Typically offered: Every Fall, Spring & Summer
Theories of trade/trade patterns. Trade restrictions/commercial policy. International factor movements. Economic growth/development. Multinational corporations. Regional integration. Transition economies. prereq: [3101, 3102] or equiv, freshman writing practice
ECON 4432W - International Finance (WI)
Credits: 3.0 [max 3.0]
Typically offered: Every Spring & Summer
Balance of payments; international financial markets; exchange rate determination; international monetary system; international investment and capital flows; financial management of the multinational firm; open economy macroeconomic policy. prereq: 3101, 3102 or equiv; 4431 or 4439 or equiv recommended
ECON 4531 - Labor Economics
Credits: 3.0 [max 3.0]
Course Equivalencies: 00027
Typically offered: Every Fall & Spring
Economic analysis of labor markets and their operations; population and labor force; labor market institutions; wage and employment theories; unions and collective bargaining; public policy. prereq: 3101, 3102 or equiv
ECON 4631 - Industrial Organization and Antitrust Policy
Credits: 3.0 [max 3.0]
Course Equivalencies: Econ 3601/4631
Typically offered: Every Fall, Spring & Summer
Relations between market structure, economic efficiency and welfare. Economic origins of monopoly and other restraints on competition. Purposes and effects of antitrust and related legislation. Industrial policy. prereq: 3101 or equiv
ECON 4721 - Money and Banking
Credits: 3.0 [max 3.0]
Course Equivalencies: 00029 - Econ 3701/4721
Typically offered: Every Fall, Spring & Summer
Theories of money demand and money supply. Financial intermediation and banking, banking practices and regulation, role of the Federal Reserve system. Monetary policy. prereq: [3101, 3102] or equiv
ECON 4731 - Macroeconomic Policy
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Monetary vs. fiscal policy debate in the context of the underlying macroeconomic theory controversy. Comparison of Keynesian, Monetarist, and Classical theories; rational expectations; policy ineffectiveness; time inconsistency; rules vs. discretion; budget deficits; unemployment and inflation. prereq: 3101, 3102 or equiv
ECON 4751 - Financial Economics
Credits: 3.0 [max 3.0]
Course Equivalencies: 00035 - Econ 4751/4759
Typically offered: Every Fall, Spring & Summer
Financial decisions of firms/investors. Determination of interest rates and asset prices. Role of risk/uncertainty. Emphasizes economic models. prereq: [3101 or equiv], [MATH 1271 or equiv], one sem statistics
ECON 4821 - Public Economics
Credits: 3.0 [max 3.0]
Course Equivalencies: 00030 - Econ 3801/Econ 4821/Econ 4821H
Typically offered: Every Fall & Summer
Competing views on proper role of government in economy. Effects of tax/spending policies, taking into account private agents' response to government actions/ways government officials may use powers. Optimal policies. Applications primarily to U.S. government. prereq: [3101, 3102] or equiv
ECON 4831 - Cost-Benefit Analysis
Credits: 3.0 [max 3.0]
Course Equivalencies: Econ 4611H/4831
Typically offered: Every Fall & Spring
Evaluation of benefits/costs of public projects/programs. Issues connected with definition/measurement of benefits/costs. Rate of return/discount. Market imperfections, risk, uncertainty. Case studies. prereq: 3101 or equiv
ECON 4960 - Topics in Economics
Credits: 3.0 [max 6.0]
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
Topics specified in Class Schedule. prereq: [3101 or 3102 or equiv], MATH 1271
ECON 5890 - Economics of the Health-Care System
Credits: 3.0 [max 3.0]
Course Equivalencies: Econ 5890/PubH 5893
Grading Basis: A-F or Aud
Typically offered: Every Fall
Economic analysis of U.S. health-care sector. Emphasizes problems of pricing, production, distribution. Health-care services as one factor contributing to nation's health. prereq: 3101 or instr consent
ECON 3951 - Major Project Seminar
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
Students produce a significant written work in economics. Project demonstrate critical thinking, collection/analysis of data, problem solving, interpretation of findings. Modes of inquiry in economics. prereq: 3101, 3102, STAT 3011, [STAT 3022 or equiv], two [3xxx or 4xxx] ECON courses, at least one 4xxx ECON writing intensive course, freshman writing requirement satisfied
ECON 3991 - Independent Study
Credits: 1.0 -3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Students confirm topic of study with faculty supervisor or with director of undergraduate studies before beginning (otherwise no credit). prereq: 3101, 3102, dept consent