With a minor in economics, you’ll become a stronger business leader by learning to investigate and critically evaluate economic trends and business conditions.
In this program, you’ll gain a solid understanding of today’s global business environment and market structure as you combine economic theory and business applications within an ethical framework.
A minor in economics is especially useful for explaining the economic environment surrounding business decisions, and helps future business professionals articulate policy recommendations that align with the actual and projected economic environment. You might find this minor useful if you are studying operational areas of business, including accounting, finance and marketing.
One economic elective (EC 299 and up) plus the following:
This course introduces microeconomic concepts such as supply and demand analysis, theories of the firm and individual behavior, competition and monopoly, welfare analysis, and labor market. Students will also be introduced to the use of microeconomic applications to address problems such as the role of government, environmental policies, insurance markets, and income distribution.
This course introduces macroeconomic concepts and analysis of unemployment and inflation within the context of the business cycle, the determinants of economic growth, the role of interest rates in savings and investment, the interaction of money and the banking system, and corrective monetary and fiscal policies. Students gain an international perspective by assessing the role of international trade and exchange rates in the modern global economy. A prerequisite to EC 301, EC 302, EC 303, EC 316, EC 321, EC 342, EC 373, and EC 399
Prerequisite: Take EC-202 AND MA-106 OR MA-109 OR MA-110 OR MA-151
Intermediate Microeconomics builds on foundational microeconomic concepts, offering an in-depth exploration of exchange and production. The course emphasizes the analytical tools essential for understanding economic behavior and market outcomes. At its core, the course cultivates an understanding of microeconomics not merely as a set of questions and answers, but as a systematic way of analyzing individuals and the social order that arises from their actions.
Prerequisite: Take EC-203
Intermediate Macroeconomics builds upon the principles of macroeconomics, offering a deep and rigorous examination of economic progress and business cycles. This course uses a mix of theoretical models and real-world data to explore the essential structure and interrelationships among key macroeconomic variables such as national income and output, inflation, unemployment, and macroeconomic policy.
Prerequisite: Take EC-203
