2103 University Hall (UH)
(312) 996–2683
uicecon@web.econ.uic.edu
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 MBA 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.
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.
| BA with a Major in Economics | |
| Degree Requirements | Hours |
| Required Prerequisite and Collateral Course | 5 |
| Major Requirements | 37 |
| General Education and Electives to | |
| reach minimum total hours | 78 |
| Minimum Total Hours—BA with a Major in | |
| Economics | 120 |
General Education
See General Education and Writing-in-the-Discipline in the College of Liberal Arts and Sciences section for information on meeting these requirements.
Required Prerequisite and Collateral Course
| Course | Hours |
| MATH 160—Finite Mathematics for Businessab | 5 |
| Total Hours—Required Prerequisite and | |
| Collateral Course | 5 |
a This course is approved for the Analyzing the Natural World General Education category.
b MATH 160 fulfills the LAS Quantitative Reasoning Requirement.
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 Microeconomicsab | 3 |
| ECON 121—Principles of Macroeconomicsab | 3 |
| ECON 220—Microeconomics: Theory and Business | |
| Applicationsc | 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 Economicsd | 0 |
| Five additional economics courses at the 300- or 400- level, excluding ECON 441 and 442. | 15 |
| Total Hours—Major Requirements | 37 |
a This course is approved for the Understanding the Individual and Society General Education category.
b This course is approved for the Understanding U.S. Society General Education category.
c Students may substitute ECON 218 (4 hours) for ECON 220.
d ECON 395 fulfills the Writing-in-the-Discipline requirement.
Electives
Aside from the courses required for the major, no more than 24 semester hours of courses may be taken in the College of Business Administration.
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
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.
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.
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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Information provided by: Office of Academic and Enrollment Services (MC 103), 601 South Morgan Street, Chicago, IL 60607
