Academic Bulletin 2024-2025 
    
    Nov 22, 2024  
Academic Bulletin 2024-2025

Economics Major


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Faculty: Nonnenmacher, Allison, Bianco, A. Finaret, C. Finaret, Lv, Navarro-Sanchez, Onyeiwu, Ormiston, Sun, Waugh, Yusuf

The Economics major is a program in the Social and Behavioral Science Area of Study. Students who major in Economics may not double major in Business.

Economics Major Learning Outcomes

Students who successfully complete an Economics major are able to:

  • Explain core economic concepts and the role of individuals, governments, organizations, and markets in the economy.
  • Communicate economic arguments clearly and persuasively using both technical and non-technical language.
  • Employ statistical and qualitative methods to gather and summarize data, test hypotheses, interpret results, and reach evidence-based conclusions.
  • Analyze economic, business, and public policy issues using economic theory, tools, and reasoning.

The Economics major, consisting of 48 credits, leads to the Bachelor of Arts degree. At graduation, Economics majors are required to have a GPA of at least 2.0 in the major. Only Economics courses taken at Allegheny on a letter grade basis are included in the GPA calculation. Only the most recent grade is considered for courses that have been repeated. 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 ). A maximum of 12 transfer credits may be counted toward the major; exceptions must be approved by the department chair.

International Business and Economics

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   in addition to ECON 251 . In addition, students are encouraged to study abroad and to complete an internship 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 ,”  “French ,” “German ,” and ‘Spanish ” sections of this Bulletin.

Requirements:


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:


Any two courses, except ECON 286, in the Business and Economics Department, numbered between 205 and 299. FSECO 201 can be used to satisfy the 200-level elective requirement. A course from the following list may be used to satisfy one of the two elective requirements.

 

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 second semester of the junior year or first semester of the senior year.

The Senior Project:


ECON 620 . Typically taken in the semester following ECON 579-ECON 589.

Note:


Students considering a major in Economics are advised that ECON 200 , ECON 201 , and EECON 202  are calculus-based and have MATH 140  or MATH MATH 151  as prerequisites.

 

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