Economics
(Kania School of Management)

Faculty

Edward M. Scahill, Ph.D., Chair
Frank P. Corcione, Ph.D.
Satyajit Ghosh, Ph.D.
Ralph W. Grambo, Ph.D.
Riaz Hussain, Ph.D.
Ioannis N. Kallianiotis, Ph.D.
Hong V. Nguyen, Ph.D.
Iordanis Petsas, Ph.D.
Murli Rajan, Ph.D.
Susan Trussler, Ph.D.

Overview

The major in Economics, which is available both through The Kania School of Management and The College of Arts and Sciences, provides an excellent training for understanding the economic events and developments of our complex industrialized society and of the world economies. It equips the student with training and background needed to assume responsible decision-making positions in the financial sector, industry, commerce, banking, or government service. It also gives a strong preparation for the pursuit of graduate studies in Economics or the law.

Minor in Economics

18 credits consisting of ECO 153, 154 (or ECO 101,102), 361, 362, plus two upper level ECO courses (SOM majors may not use ECO 351).

Economics Curriculum - Kania School of Management
Dept. and No.				Descriptive Title of Course	Credits
				FIRST YEAR	FALL	SPRING
MAJOR GE S/BH		ECO 153-154		Prin. of Micro-Macro Economics	3	3
GE SPCH-WRTG		COMM 100- WRTG 107		Public Speaking - Composition	3	3
GE PHIL-T/RS		PHIL 120 - T/RS 121		Introduction to Philosophy - Theology	3	3
GE C/IL		C/IL 104		Computing and Information Literacy		3
GE QUAN		MATH ELECT1		Math Option (2 courses)	3-4	3-4
GE HUMN		HUMN ELECT 2		Humanities Elective	3
GE FSEM- PHED		INTD 100 - PHED ELECT		Freshman Seminar - Physical Education	1	1
					16-17	16-17
				SECOND YEAR
MAJOR		ECO 361-362		Intermediate Micro-Macro Econ.	3	3
MAJOR		STAT 253		Statistics for Economics		3
COGNATE 4		ACC 253		Financial Accounting	3
COGNATE 4		ELECTIVE		Cognate Elective		3
GE PHIL- T/RS		PHIL 210 - T/RS 122		Ethics - Theology II	3	3
GE NSCI		NSCI ELECT		Natural Science Electives	3	3
GE HUMN		HUMN ELECT		Humanities Electives (HIST 110-111 recom.)	3	3
GE ELECT		ELECT 3		Free Elective	3
					18	18
				THIRD YEAR
MAJOR		ECO/IB 351 - ECO/IB 375		Env. of Intl. Bus. - Intl. Economics	6
MAJOR		ECO 363		Applied Econometrics		3
MAJOR		ECO ELECT		ECO Elective	3
COGNATE 4		FIN 351 - ELECT		Intro. to Fin. - Cognate Electives	3	6
GE PHIL or T/RS		PHIL or T/RS		Philosophy or T/RS Elective		3
GE ELECT		ELECT		Free Elective		3
COGNATE 4		ELECT		Cognate Elective	3
					15	15
				FOURTH YEAR
MAJOR		ECO 460		Monetary & Fin. Eco.	3
MAJOR		ECO SEM - ECO 471		Eco. Seminar - Advanced Macro.	3	3
COGNATE 4		COGNATE ELECT		Cognate Electives	3	3
GE HUMN		HUMN ELECT		Humanities Elective		3
GE ELECT		ELECT		Free Electives	6	6
GE PHED		PHED ELECT		Physical Education	1	1
					16	16
					Total: 130-132 Credits
1 Two math options are available to Business majors: Option I* (six credits): MATH 107 (Quantitative Methods II); MATH 108 (Quantitative Methods III) Option II* (eight credits): MATH 114 (Analysis I); MATH 221 (Analysis II) Both options cover the topics of calculus. Option I takes an applied approach; Option II a theoretical approach. *Students are tested for math placement during summer orientation. On the basis of these tests and their high school background it will be recommended that some students take Option II, especially if they expect to pursue graduate studies. The majority of students will be placed in Option I, and may also be required to take MATH 106 (Quantitative Methods I) as a prerequisite to taking MATH 107.
2 If EDUC 113 is required in the first semester, it is taken in place of a humanities elective and is counted as a GE free elective. One GE free elective in the fourth year must then be taken as a humanities elective. 3 If a third math course is required, it replaces this GE elective. 4 Economics majors may apply up to 6 cognate credits toward a math minor. Students taking the sequence open to math majors are strongly urged to complete the calculus sequence by taking MATH 222, particularly if they plan on pursuing graduate studies. Economics majors registered in The Kania School of Management will apply 9 of their elective cognate credits to one of the following areas (exceptions require the permission of the SOM dean): accounting, finance, international business, management, marketing, operations management. The remaining cognate credits may be applied to the social sciences or from the other business areas (but note that no more than 30 credits altogether can be taken in business subjects, exclusive of economic courses). Care must be taken to observe prerequisites.