A student can earn either a Bachelor of Arts (BA) in Economics through the College of Liberal Arts and Social Sciences or a Bachelor of Science in Business Administration (BS in BA) in Business Economics through the Williamson College of Business Administration. Either degree may be earned in eight semesters if students average 15 hours per semester.

To earn the BA degree, the student must satisfy all the degree requirements in the College of Liberal Arts and Social Sciences and take 32 semester hours of coursework from the Department of Economics.

The economics major is designed to prepare students for careers both in the public and private sectors and for additional study in the field of economics. Economics graduates are qualified for a wide variety of positions in the financial sector and jobs in business and government. Students frequently use a major in economics as preparation for law school. Graduates choosing to pursue additional study in economics have been very successful in gaining admission to graduate and doctoral programs.

Students who have completed 78 semester hours with a grade point average above 3.3 are eligible to participate in the department's "4+1" program. Students in the program can take up to nine hours of coursework at the masters level which can count both towards their BA and an MA. Students who take nine hours can complete an MA in Economics in one year after graduating with their bachelor's degree.

COURSE TITLE S.H.
FIRST YEAR REQUIREMENT -STUDENT SUCCESS
YSU 1500Success Seminar1-2
or SS 1500 Strong Start Success Seminar
or HONR 1500 Intro to Honors
General Education Requirements
ENGL 1550Writing 13-4
or ENGL 1549 Writing 1 with Support
ENGL 1551Writing 23
CMST 1545Communication Foundations3
Mathematics Requirement4
Applied Mathematics for Management
Applied Calculus 1
Calculus 1
Arts and Humanities (2 courses)6
Natural Sciences (2 courses, 1 with lab) 6-7
Social Science (2 courses)
Requirement satisfied by ECON 2610 and ECON 2630 in the major
Social and Personal Awareness (2 courses)6
Foreign Language Requirement
FNLG 1550Elementary Foreign Language4
FNLG 2600Intermediate Foreign Language4
Major Requirements
Economics courses at the 1500 level cannot be counted towards the major.
ECON 2610Principles 1: Microeconomics3
ECON 2630Principles 2: Macroeconomics3
ECON 3710Intermediate Microeconomic Theory3
ECON 3712Intermediate Macroeconomic Theory3
ECON 4880Analysis of Economic Problems3
Select one of these Statistics options:6
Statistics for Business and Economics 1
and Statistics for Business and Economics 2
Statistics for Business and Economics 1
and Business Analytics
Select 12 semester hours of upper-division Economics electives.12
Double major or Minor with Electives to reach 120 hours47
Total Semester Hours120-123

All students must complete a 120 semester hours, 39 hours must be upper-division (courses at the 3700 level or higher)

Students intending to apply for PhD programs in economics should consider taking the following:

COURSE TITLE S.H.
MATH 1571Calculus 14
MATH 1572Calculus 24
MATH 2673Calculus 34
MATH 3720Linear Algebra and Matrix Theory3

 NOTE: This schedule is intended solely to illustrate that it is possible for a “typical” student to complete the BA in Economics in four years. The coursework any individual student needs to take will differ. Specifically, the coursework required will vary depending on the mathematics courses you have already taken when you start the degree. Some students will need to take additional courses prior to taking MATH 1510 College Algebra while other students may have already taken a course in calculus and would not need to take either MATH 1510 College Algebra or MATH 1552 Applied Mathematics for Management. The coursework taken will also depend on a student’s career goals. It is extremely important that you meet with an advisor to discuss your career aspirations and which courses you personally will need to take.

Plan of Study Grid
Year 1
SpringS.H.
ECON 2610 Principles 1: Microeconomics (fulfills the General Education Social Science requirement) 3
MATH 1552 Applied Mathematics for Management (Required for major, students intending to pursue graduate work should take MATH 1571) 4
ENGL 1551 Writing 2 3
CMST 1545 Communication Foundations 3
Social and Personal Awareness (Ged Ed) 3
 Semester Hours16
Fall
YSU 1500 Success Seminar 1
ENGL 1550
Writing 1
or Writing 1 with Support
3-4
MATH 1510 College Algebra 4
Natural Science and Lab (Gen Ed) 4
 Semester Hours12-13
Year 2
Spring
ECON 3710 Intermediate Microeconomic Theory (Required for major) 3
Minor (Required for minor) 3
Minor (Required for minor) 3
Foreign Language 2600 4
Arts and Humanities (Gen Ed) 3
 Semester Hours16
Fall
ECON 2630 Principles 2: Macroeconomics (fulfills the General Education Social Science requirement) 3
Natural Science (Gen Ed) 3
ECON 3788
Statistics for Business and Economics 1
or Statistics for Business and Economics 2
3
Foreign Language 1550 4
 Semester Hours13
Year 3
Spring
ECON 37XX or higher (Required for major) 3
ECON 37XX or higher (Required for major) 3
Minor 37XX or higher (Required for minor) 3
Elective 3
Elective 37XX or higher 3
 Semester Hours15
Fall
ECON 3712 Intermediate Macroeconomic Theory (Required for major) 3
Minor (Required for minor) 3
Social and Personal Awareness (Gen Ed) 3
Arts and Humanities (Gen Ed) 3
Elective 2
 Semester Hours14
Year 4
Spring
Elective 3
Elective 37XX or higher 3
ECON 37XX or higher (Required for major) 3
Minor 37XX or higher (Required for minor) 3
Elective 3
 Semester Hours15
Fall
ECON 4880 Analysis of Economic Problems (ECON Capstone) 3
ECON 37XX or higher (Required for major) 3
Minor 37XX or higher (Required for minor) 3
Elective 37XX or higher 3
Elective 37XX or higher 3
 Semester Hours15
 Total Semester Hours116-117

Learning Outcomes

To be competitive in the job market, economics majors must have knowledge of microeconomics, macroeconomics, and statistical techniques. They must also be able to apply the theory and statistical techniques they have learned to public policy issues and business problems and be able to present their conclusions. The learning objectives of the economics major are as follows:

Microeconomics

The student will be able to discuss the characteristics of different market structures and how the structure of a market affects consumers. The student will also be able to explain the conditions that must be met for an economy to use its resources in the most efficient manner possible.

Macroeconomics

The student will be able to explain the major macroeconomic goals:  rapid economic growth, high employment, and stable prices and how the tools of monetary and fiscal policy can be used to achieve macroeconomic goals.

Statistical Analysis

The student will be able to interpret descriptive statistics, the results of hypothesis tests, and regression estimates.

Communication Skills

The student will be able to give a well-prepared presentation on an economic problem. By well-prepared, it is meant that the presentation clearly frames the topic of the presentation, discusses the relevant theory and evidence, correctly documents references, and proposes a conclusion consistent with the theory and evidence.