Degree Programs
Undergraduate Studies
Director of Undergraduate Studies: Robert L. Sorensen (sorensen@umsl.edu)General Education Requirements
All undergraduate economic majors must meet the university and college general education requirements. Candidates for the B.A. degree may take any foreign language to meet this requirement. Candidates for the B.S. degree take mathematics and quantitative courses instead of the foreign language requirement. Courses in economics may be used to meet the university social sciences requirement.
Education majors specializing in economics must fulfill the requirements for the bachelor of arts degree. These majors are responsible for obtaining an advisor in the Department of Economics.
All prerequisites for economics courses must be completed with a grade of C- or better.
Satisfactory/Unsatisfactory (S/U) Option
Courses outside the major field and Economics 1001, Principles of Microeconomics, and Economics 1002 , Principles of Macroeconomics, may be taken on a satisfactory/unsatisfactory (S/U) basis.
Degree Requirements
Bachelor of Arts in Economics
Candidates for the B.A. degree must take at least 33, but no more than 45, hours in economics. At least 27 hours must be above the 2000 level. All required courses for the major must be completed with a grade of C- or better. The following courses are required:- Economics 1001, Principles of Microeconomics
- Economics 1002, Principles of Macroeconomics
- Economics 3001, Intermediate Economic Theory: Microeconomics
- Economics 3002, Intermediate Economic Theory: Macroeconomics
- Economics 3100, Economic Statistics
- Economics 3200, Money, Banking, and Monetary Theory
- Economics 3800, History of Economic Thought
Bachelor of Science in Economics
Candidates for the B.S. degree must complete at least 36, but no more than 45, hours in economics. At least 30 hours must be above the 2000 level. All required courses for the major must be completed with a grade of C- or better. The following courses are required:- Economics 1001, Principles of Microeconomics
- Economics 1002, Principles of Macroeconomics
- Economics 3001, Intermediate Economic Theory: Microeconomics
- Economics 3002, Intermediate Economic Theory: Macroeconomics
- Economics 3100, Economic Statistics
- Economics 3200, Money, Banking, and Monetary Theory
- Economics 4100, Introduction to Econometrics
- Mathematics 1800, Analytic Geometry and Calculus I; or Mathematics 1100, Basic Calculus
Also required are two of the following:
- Economics 4030, Managerial Economics
- Economics 4040, Analysis of Business Cycles
- Economics 4110, Applied Econometrics
- Economics 4130, Econometric and Time Series Forecasting
- Economics 4150, Mathematical Economics
- or any mathematics course numbered 1900 or above (with consent of advisor)
Departmental Honors
A student may earn departmental honors with a GPA of 3.6 in economics and the recommendation of the department.
Complementary Areas of Study
The department encourages all majors to develop breadth in related disciplines. Course work and minors are available in a number of areas such as business administration, computer science, statistics, and political science. Students should check with their advisers for recommendations concerning courses in these areas. The department suggests the following supplemental course work for students interested in pursuing doctoral-level graduate work in economics or careers in general business. It also encourages all students to obtain work experience by enrolling in the Internship in Applied Economics (Economics 4990).
Graduate School Preparation:
It is recommended that students considering doctoral-level graduate work in economics also take:- Mathematics 1900, Analytical Geometry and Calculus II
- Mathematics 2000, Analytical Geometry and Calculus III
- Mathematics 2450, Elementary Linear Algebra
- Mathematics 4200, Mathematical Statistics I
General Business Preparation:
It is recommended that students interested in pursuing careers in business also take:- Business Administration 2400, Fundamentals of Financial Accounting
- Business Administration 2410, Managerial Accounting
- Business Administration 2900, Legal Environment of Business
- Business Administration 3500, Financial Management
- Business Administration 3700, Basic Marketing
Requirements for the Minor
Candidates for a minor in economics must take a minimum of 18 hours in economics. At least 12 hours must be above the 2000 level. Economics 3100, Economic Statistics, cannot be counted towards the economics minor if the student has already taken Mathematics 1310, Mathematics 1320, Business Administration 105, or the equivalent. The following courses are required:- Economics 1001, Principles of Microeconomics
- Economics 1002, Principles of Macroeconomics
- Economics 3001, Intermediate Economic Theory: Microeconomics
It is also recommended that students take Economics 3002, Intermediate Economic Theory: Macroeconomics
Also required is a GPA of 2.0 or better for courses presented for the minor. The satisfactory/unsatisfactory option may be applied to Economics 1001 and Economics 1002 only.