DEPARTMENT OF ECONOMICS
Professors Emeriti: Thomas Russell, Thaddeus J. Whalen Jr.
Professors: Mario L. Belotti
(W.M. Keck Foundation Professor), William F. Donnelly, S.J., Alexander J. Field (
Michel and Mary Orradre Professor), John M. Heineke, William A. Sundstrom
Associate Professors: Henry Demmert, Carolyn L. Evans, Linda Kamas, Michael Kevane
(Department Chair), Kris J. Mitchener
(Robert and Susan Finocchio Professor), Helen Popper, Dongsoo Shin
Assistant Professors: John Ifcher, Arunima Sinha, Homa Zarghamee
As one of the social sciences, economics studies how the choices we make as individuals—as consumers and producers, as savers and investors, as managers and employees, as citizens and voters—combine to determine how society uses its scarce resources to produce and distribute goods and services. This practical, useful discipline provides insights into important issues such as the determinants of wealth and poverty; unemployment, inflation, international trade, and economic growth; and success and failure in the marketplace. The rigorous, systematic analysis that the study of economics brings to bear on these and other real-world issues provides excellent preparation for careers in both the private and the public sectors, as well as for graduate study in economics, business, public policy, and law. Economics graduates pursue varied careers in business, law, banking and finance, government service, ed-ucation, and private consulting. Students considering graduate study in economics leading to a master’s or doctoral degree are strongly encouraged to meet with their advisor as early as possible to plan an appropriate course of study.
REQUIREMENTS FOR THE MAJOR
In addition to fulfilling University Core Curriculum requirements for the Bachelor of Science degree, students majoring in economics must complete the following departmental requirements:
- ECON 1 or 1E, 2, and 3
- MATH 11 and 12, or MATH 30 and 31
- OMIS 40 and 41, or MATH 122 and 123, or MATH 8 and ECON 173.
- ECON 113, 114, 115, and 181 or 182
- Five upper-division economics electives, at least two of which must be completed after ECON 113 and 115
REQUIREMENTS FOR THE MINOR
Students with a minor in economics through the College of Arts and Sciences must complete the following requirements:
- ECON 1, 2, 3, 115, and 113 or 114
- Two additional upper-division economics courses
- MATH 11 or 30
MATHEMATICAL ECONOMICS CONCENTRATION
Economics majors desiring to have a concentration in mathematical economics must complete the following requirements in addition to the regular requirements for the major:
- Mathematics: All of the following courses: MATH 11, 12, 13, 14, 22, 53 (MATH 122 and 123 are strongly recommended)
- Economics: Three out of the following courses: ECON 170, 171, 172, 173, or 174 (these courses also count as electives required for the major)
Note: Students doing the mathematical economics concentration take MATH 11 and 12 instead of MATH 30 and 31.
