Economists like to say that everything in the world can be explained by economics. While perhaps that is a slight exaggeration, the fact is that economists study issues as small as how people decide what to do during a day and as large as global warming. Economics is a field that students will be able to use throughout their lives.

If a student desires a major that will provide a challenge; qualify him/her for virtually any management position; allow the opportunity to double major; and give insight on many of the opportunities that will be presented in everyday life, a major in Applied Economics would be an appropriate choice. With the Applied Economics major the student will focus on classes that are interesting and provide information that will be useful throughout his/her whole life. The Applied Economics major also lets the student broaden his/her horizons by taking classes outside of the major. This helps graduating Applied Economics majors to have a wide-ranging education that will be helpful in virtually every job market.

Coordinator: Robert Hoffman, Ph.D.

Required courses: ECN 2230, 2280, 3330, 3380, plus 16 credits of additional economics electives; PSY 3331 or equivalent, CIS 2000 or higher; and ACC 2210. A student chooses one of two tracks: the Information Systems Track (A CIS elective at the level of 2040 or above, CIS 3105; and MGT 3130) or Financial Sector Track (MGT 3420, FIN 3440 and ACC 3400 or FIN 4460).

Minimum 2.4 cumulative grade point average in the required courses.

Economics major outcomes

The student completing the Applied Economics major will be able to:

  1. Understand the basic terms, fundamental concepts, and the key economic theories of macroeconomics and microeconomics.
  2. Exhibit professional skills and will be responsible members of the community.
  3. Access information, assess the validity and reliability of information, and be able to interpret the information obtained.
  4. Display a command of existing knowledge and be able to use economics to analyze policy disputes.
  5. Use economics to analyze issues that arise in other academic disciplines.
  6. Present the results of their economic analysis, orally and in writing, to people outside the field of economics.

Economics, applied minor

A minor in Applied Economics is offered to students who would like to complement their major with courses grounded in economic methodology. Applying economic thinking to another field of study has repeatedly generated new insights for the student. The minor requires 20 credits of Economics courses.

Required courses include: ECN 2230, 2280, and either ECN 3330 or 3380, plus two additional upper-level economics courses; and CIS 2000 or higher.