University of Chicago at Illinois 2005 - 2007 Undergraduate Catalog

:

Department of Economics

B.A. with a Major in Economics Minor in Economics
Distinction

2103 University Hall (UH)
312–996–2683
uicecon@hotmail.com
http://www.uic.edu/cba/cba-depts/economics/
Administration: Head of the Department, Barry Chiswick
Director of Undergraduate Studies, Evelyn Lehrer, elehrer@uic.edu


The Department of Economics offers a Bachelor of Arts degree with a major in economics for students in the College of Liberal Arts and Sciences. The program provides instruction on economic institutions and a rigorous foundation in the analytical tools and applied areas of economics, relying on mathematical and statistical techniques. Students learn how the price system operates; how consumers, firms, and government institutions allocate scarce resources; and the determinants of national output, inflation, unemployment, economic growth, and international trade. Laws, regulations, and institutions that influence economic activity are also studied. After learning the basic tools of microeconomics and macroeconomics in the introductory courses, students go on to study various applied areas of economics in the more advanced courses.

The program provides a strong grounding for many careers in banking, insurance, service and manufacturing firms, labor unions, business associations, government agencies, and not-for-profit organizations. It also gives an excellent background to students who intend to continue their education. In particular, it provides a solid preparation for law school, an M.B.A. program, and graduate studies in economics, business, public administration, and public policy.

In cooperation with the Department of Spanish, French, Italian, and Portuguese, the Department of Economics also offers instruction leading to the Bachelor of Arts in Spanish-Economics degree. See the appropriate section under the Department of Spanish, French, Italian and Portuguese for information regarding this program.

Students are encouraged to contact the Director of Undergraduate Studies of the Economics Department for further information on the field of economics and career options for economics majors.

B.A. with a Major in Economics

Degree Requirements

To earn a Bachelor of Arts in Liberal Arts and Sciences degree from UIC, students must complete University, college, and department degree requirements. The Department of Economics degree requirements are outlined below. Students should consult the College of Liberal Arts and Sciences section for additional degree requirements and college academic policies.

B.A. with a Major in Economics
Degree Requirements
Hours
LAS Course Requirements
43–64
Required Prerequisite and Collateral Course
5
Major Requirements
37
Electives
14–35
Minimum Total Hours—B.A. with a Major in
Economics
120

LAS Course Requirements

See Course Requirements in the College of Liberal Arts and Sciences section for the list of courses needed to meet this requirement.

Required Prerequisite and Collateral Course

Courses
Hours
MATH 160—Finite Mathematics for Business
5
Total Hours—Required Prerequisite and
Collateral Course
5

Students are encouraged to complete MATH 160 as early as possible since many sophomore and junior courses require knowledge of the content of this course.

Students who plan to go on to graduate school in a program that emphasizes quantitative skills are strongly encouraged to take MATH 180 and 181 and, if possible, MATH 210 and 310 also. MATH 180 may be taken in place of the required ECON 345. Students planning to take MATH 180 may be required to take a trigonometry course as a prerequisite depending on their performance on the placement test.

Major Requirements

Courses
Hours
ECON 120—Principles of Microeconomics
3
ECON 121—Principles of Macroeconomics
3
ECON 220—Microeconomics: Theory and Business
    Applications a
3
ECON 221—Macroeconomics in the World Economy:
    Theory and Applications
3
ECON 270—Statistics for Economics
4
ECON 345—Introduction to Mathematical Microeconomics
3
ECON 346—Econometrics
3
ECON 395—Research and Writing in Economicsb
0
Five economics courses at the 300- or 400-levelc
15
Total Hours—Major Requirements
37

a Students may substitute ECON 218 (4 hours) for ECON 220.
b ECON 395 fulfills the Writing-in-the-Discipline requirement.
c The required ECON 345 and 346 courses may not be used as part of the five ECON elective courses at the 300- or 400-level.

Electives

Courses
Hours
Electives—In addition to those courses required for the
major, no more than 24 semester hours of courses may
be taken in the College of Business Administration
14–35
Total Hours—Electives
14–35

Course Suggestions for Economics Careers

Students may choose any 300- or 400-level courses for the 15 hours in advanced economics requirement. The following groups of courses are offered as guidance to students who may have an interest in one of the career/educational paths shown below.

Business/Financial Economics

Courses
ECON 322—Managerial Economics
ECON 323—Business Conditions Analysis
ECON 329—Industrial Organization
ECON 333—International Economics
ECON 339—Monetary Theory
ECON 365—Economics of Risk and Insurance
ECON 450—Business Forecasting Using Time-Series Methods

Human Resources

Courses
ECON 331—Labor Economics
ECON 334—Economic Development
ECON 351—Economics of Education
ECON 353—Economic Demography
ECON 354—Health Economics

Urban Economics/Real Estate

Courses
ECON 331—Labor Economics
ECON 332—Urban Economics
ECON 342—Regional Economics
ECON 371—Introduction to Urban Real Estate
ECON 370—Environmental Economics
ECON 472—Real Estate Finance
ECON 475—Real Estate Markets and Valuation

International Studies

Courses
ECON 323—Business Conditions Analysis
ECON 333—International Economics
ECON 334—Economic Development
ECON 339—Monetary Theory
ECON 353—Economic Demography

Pre-Graduate School in Economics/Business/ Public Policy/Public Administration

Courses
ECON 324—Economic History of the United States
ECON 326—History of Economic Thought
ECON 328—Public Finance
ECON 329—Industrial Organization
ECON 331—Labor Economics
ECON 332—Urban Economics
ECON 333—International Economics
ECON 334—Economic Development
ECON 436—Mathematical Economics

Pre-Law

Courses
ECON 320—Law and Economics
ECON 324—Economic History of the United States
ECON 328—Public Finance
ECON 329—Industrial Organization
ECON 330—Government and Business
ECON 331—Labor Economics
ECON 354—Health Economics
ECON 365—Economics of Risk and Insurance

Recommended Plan of Study

To view a recommended plan of study for the major in Economics, please visit the LAS Web site http://www.uic.edu/las/college/info/fygp.

Minor in Economics

Liberal arts students who wish to minor in economics must complete 18 semester hours as outlined below:

Required Courses—Economics Minor
Hours
ECON 120—Principles of Microeconomics
3
ECON 121—Principles of Macroeconomics
3
ECON 220—Microeconomics: Theory and
    Business Applicationsa
3
ECON 221—Macroeconomics in the World Economy:
    Theory and Applications
3
Two economics courses at the 300- or 400-level
6
Total Hours—Economics Minor
18

a Students may substitute ECON 218 (4 hours) for ECON 220.

Distinction

Departmental distinction may be awarded if the student meets the following criteria:

Distinction: 3.25/4.00 overall GPA and 3.25/4.00 economics GPA
High Distinction: 3.50/4.00 overall GPA and 3.50/4.00 economics GPA
Highest Distinction: 3.75/4.00 overall GPA and 3.75/4.00 economics GPA





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