Degree Programs
Undergraduate Studies - (Learning Outcomes)Director of Undergraduate Studies: Michael Allison (allison@umsl.edu)
The Department of Economics offers a Bachelor of Sciences and a Bachelor of Arts in Economics (Undergraduate FAQs). An undergraduate degree is designed for students interested in a broad background in the traditional fields of economics.
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.
Degree Requirements
Bachelor of Arts in EconomicsCandidates for the BA 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 or Economics 2800, History of American Economic Development
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 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 (Newly Reduced) for the Minor
Candidates for a minor in economics must take a minimum of 15 hours in economics.
The following courses are required:
For the remaining 9 hours, 3 hours must be at or above the 2000 level and 6 hours must be at or above the 3000 level. It is recommended that students take ECON 3001, Intermediate Economic Theory: Microeconomics and/or ECON 3002, Intermediate Economic Theory: Macroeconomics. ECON 3100, Economics Statistics, cannot be counted towards the economics minor if the student has also taken LOM 3300, MATH 1320, or equivalent.
A GPA of 2.0 or better is required for courses presented for the minor. The satisfactory/unsatisfactory (s/u) option may be applied to ECON 1001 and ECON 1002 only.

