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ABOUT THE BS
The BS in Economics provides more in-depth development of the analytical and quantitative skills used in economic analysis, including coursework in calculus and econometrics. This quantitative skill set is highly valued by employers as demonstrated by the considerable employment success of our BS graduates. BS students can further distinguish themselves to employers with a Certificate in Applied Econometrics and Data Analysis.
Think Data, Think UMSL Economics
Bachelor of Science in Economics
Candidates for the BS degree must complete at least 36, but no more than 50, 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
- Economics 4160, Geospatial Economic Analysis
- or any mathematics course numbered 1900 or above (with consent of advisor)
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/Accounting 2400, Fundamentals of Financial Accounting
- Business Administration/Accounting 2410, Managerial Accounting
- Business Administration 2900, Legal Environment of Business
- Business Administration/Finance 3500, Financial Management
- Business Administration/Marketing 3700, Basic Marketing
General Education Requirements All undergraduate economic majors must meet the university and college general education requirements. Candidates for the BA degree may take any foreign language to meet this requirement. Candidates for the BS 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.
For more information, contact the Director of Undergraduate Studies, Michael Allison.