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Nov 22, 2024
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2019-2020 Academic Bulletin [ARCHIVED CATALOG]
Economics Major
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Economics Learning Outcomes
Students who successfully complete an Economics major are able to:
- Explain the basic elements of economic models.
- Identify important economic actors, organizations, and institutions and describe their role and impact.
- Understand and interpret statistical measures and techniques.
- Use the spoken and written word, graphs, and mathematics to present economic phenomena and arguments.
- Evaluate multiple economic arguments and multiple sources of evidence.
- Propose and model economic hypotheses.
- Collect relevant data for use in qualitative and quantitative research methods.
- Evaluate economic arguments and policy proposals using empirical methods.
The Economics Major
The Economics major leads to the Bachelor of Arts degree. Economics majors are required to have a GPA of at least 2.0 in departmental courses at graduation. Only Economics courses taken at Allegheny on a letter grade basis are included in the GPA calculation. For repeated courses, only the most recent grade is included. All courses required for the major must be taken on a letter grade basis except one of the introductory courses (ECON 100 or ECON 101 ). Students may present a total of 12 semester hours of transfer credit toward the major; exceptions must be approved by the department chair.
International Economics and Business
Those students wishing to pursue a career in International Economics or business should combine the study of a particular country and language with a background in Economics. If students are majoring in Economics and minoring in a language, they should take ECON 251 and ECON 256 as their elective 200-level course and ECON 451 or ECON 452 as their elective 400-level course. Students majoring in a language and minoring in Economics should take ECON 251 and ECON 256 and/or ECON 265 , in addition to ECON 240 . In addition, students are encouraged to study abroad and to complete an internship (ECON 530 ) either abroad or with a company engaged in international trade. Students may also select a double major in these two disciplines. For an example of language courses that complement a Business Economics track major or Economics minor, see the course of study described in the “Arabic ,” “Chinese ,” “French ,” “German ,” and ‘Spanish ” sections of this Bulletin.
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Two Introductory Courses:
Two Intermediate Theory Courses:
Should be completed by the end of the junior year:
Two Courses in Economic Statistics:
Should be completed by the end of the junior year:
Two 200-level Elective Courses:
Note: ECON 286 cannot be used to satisfy the 200-level elective requirement.
Two 400-level Elective Courses:
ECON 385 or ECON 386 can substitute for one of the 400-level courses.
Seminar:
(ECON 570-ECON 589). Typically taken in the first semester of the senior year.
The Senior Project:
ECON 620 . Typically taken in the second semester of the senior year.
Note:
The 200-level elective courses generally have only introductory micro and/or macroeconomics as a prerequisite, whereas the 400- and 500-level courses generally require ECON 200 and ECON 201 . Courses numbered ECON 210-ECON 289 are intended to be primarily informational, institutional, historical, or philosophical in nature, while the 400-level courses are more theoretical, empirical or quantitative in emphasis.
Students considering a major in Economics are advised that ECON 200 , ECON 201 , and ECON 202 are calculus-based and have MATH 141 or MATH 151 as prerequisites.
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