Study how scarce resources are allocated to meet economic goals.
Supplement your education with a minor in Economics and gain experience in economic
policy and principles.
Program type:
Minor
Format:
On Campus
Est. time to complete:
1-2 years
Credit hours:
20
Why minor in economics?
When you study economics, you'll investigate the subject from two perspectives. The
view from 30,000 feet, or macroeconomics, covers society-wide issues such as inflation,
unemployment and economic growth. You'll also study the field on a closer, or microeconomic,
level, learning to analyze product pricing, competition between businesses in an industry,
and the effects of regulation.
Because you'll perform wide-ranging quantitative and qualitative analysis of economic
and social forces as an Economics student, this minor is a great launching pad for
careers in law, journalism and other fields that demand an understanding of individuals
and society - as well as, of course, careers in academia and as professional economist.
Economics Minor Courses
ECON 201. Principles of Microeconomics. 3 Credits.
Nature, method, and scope of Economic analysis: economic scarcity, resources, specialization and division of labor, supply and demand, production and cost, technology, product and resource market structures, distribution of income, and international trade. Prerequisite or Corequisite: MATH 103 or MATH 146 or MATH 165 or MATH 166. F,S,SS.
ECON 202. Principles of Macroeconomics. 3 Credits.
Nature, method, and scope of economic analysis: aggregate levels of income and employment, inflation, monetary and fiscal policy, the role of the U.S. economy as part of a world economic system. Prerequisite: ECON 201. F,S,SS.
ECON 303. Money and Banking. 3 Credits.
Nature of our current Monetary system; functional analysis of commercial bank operations; limits to credit expansion; alternative theories of the value of money; monetary and fiscal policies for control of the business cycle; powers of the Federal Reserve System and the Treasury; mechanics of international payment; balance-of-payments and other problems. Prerequisites: ECON 201 and ECON 202. F,S,SS.
ECON 338. International Economics. 3 Credits.
Economic basis for gain in international trade; capital and population movements; international disequilibrium and the process of balance-of-payments adjustments; tariffs, underdeveloped countries. Prerequisites: ECON 201 and ECON 202. F,S.
ECON 405. Bank Regulation. 3 Credits.
The regulations imposed upon the banking industry are examined at several levels: state, federal, and global. Both the historical development of banking regulation as well as current issues/controversies are discussed. In addition, the banker's perspective of regulatory compliance is explored. Prerequisite: ECON 303. S.
ECON 411. Economic Forecasting. 3 Credits.
An introduction to Economics Forecasting and Time Series Analysis. The course will cover specifications and estimation of ARMA models, seasonality, non-stationarity, unit roots and forecast evaluations. Empirical applications are used throughout the course. Prerequisite or Corequisite: ECON 410 or ECON 506. S.
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