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Economics BS

University of Missouri St. Louis
St. Louis , United States
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Degree
Bachelors
Major
Business Administration | Finance | Economics
Area of study
Business and Administration | Social Sciences
Course Language
English
About Program

Program Overview

Economics BS

The Economics BS program at the University of MissouriSt. Louis is designed to provide students with a comprehensive understanding of economic principles, theories, and practices. The program aims to develop students' analytical and quantitative skills, enabling them to apply economic concepts to real-world problems.


Overview

The study of economics is an excellent way to learn how to apply analytical and quantitative skills to a range of interesting economic problems. In coursework for the Economics BS, students develop analytical and quantitative skills and apply their knowledge to a range of topics such as economic modeling, financial markets, and market analysis.


General Education Requirements

All undergraduate economics majors must meet the university and college general education requirements. Candidates for the B.A. degree may take any foreign language to meet this requirement. Candidates for the B.S. degree take mathematics and quantitative courses instead of the foreign language requirement. Courses in economics may be used to meet the university social sciences requirement.


Satisfactory/Unsatisfactory Option

Courses outside the major field and ECON 1001, Principles of Microeconomics, and ECON 1002, Principles of Macroeconomics, may be taken on a satisfactory/unsatisfactory basis.


Prerequisites

All prerequisites for economics courses must be completed with a C- or better.


Degree Requirements

Each required course must be completed with a grade of C- or better and students must maintain a GPA of 2.0 for courses used for the degree. Students may take no more than 45 credit hours of economics (ECON) courses in their degree requirements.


The following core courses are required:


  • ECON 1001: Principles of Microeconomics (MOTR ECON 102) - 3 hours
  • ECON 1002: Principles of Macroeconomics (MOTR ECON 101) - 3 hours
  • ECON 3001: Intermediate Microeconomics - 3 hours
  • ECON 3002: Intermediate Macroeconomics - 3 hours
  • ECON 4100: Introduction to Econometrics - 4 hours
  • ECON 3100: Economic Data and Statistics - 3 hours
    • or MATH 1320: Introduction to Probability and Statistics
    • or SCMA 3300: Business Analytics and Statistics
  • MATH 1800: Analytic Geometry and Calculus I (strongly recommended) - 3-5 hours
    • or MATH 1100: Basic Calculus
  • Select two of the following quantitative courses: - 6-8 hours
    • ECON 4110: Applied Econometrics
    • ECON 4120: Time Series Econometrics for Economics and Finance
    • ECON 4130: Business and Economic Forecasting
    • ECON 4150: Mathematical Economics
    • ECON 4160: Geospatial Analysis in the Social Sciences
    • ECON 4170: Fundamentals of Cost-Benefit Analysis
    • Mathematics courses numbered 1900 or above with consent of advisor. For each mathematics course used to meet the quantitative requirement, an additional three credit hours of ECON electives must be taken.

Departmental Honors

A student may earn departmental honors with a GPA of 3.6 in economics and the recommendation of the department.


Complementary Areas of Study

The department encourages all majors to develop breadth in related disciplines. Course work and minors are available in a number of areas such as business administration, computer science, statistics, and political science. In addition, courses offered by the department are required for the B.S. in Actuarial Science and help satisfy the prerequisites for courses required for the Certificate in Actuarial Studies and have been approved by the Society of Actuaries (SOA) to satisfy the VEE requirements in Economics.


Graduate School Preparation

It is recommended that students considering doctoral-level graduate work in economics also take:


  • MATH 1900: Analytic Geometry and Calculus II - 5 hours
  • MATH 2000: Analytic Geometry and Calculus III - 5 hours
  • MATH 2020: Introduction to Differential Equations - 3 hours
  • MATH 2450: Elementary Linear Algebra - 3 hours
  • MATH 4100: Real Analysis I - 3 hours
  • MATH 4200: Mathematical Statistics I - 3 hours

Learning Outcomes

Upon completion of the program, graduates should be able to:


  • Understand fundamental economic concepts including choice and opportunity cost. Use these to demonstrate an understanding of how markets work.
  • Understand and evaluate individual, firm, and societal decision-making.
  • Understand the determination of output, unemployment, and inflation in an economy.
  • Explain the role and impact of fiscal and monetary policy.
  • Learn to locate economic data and critically analyze patterns and relationships using basic statistical methods and statistical software.
  • Use econometric techniques and statistical software to estimate, analyze and interpret relationships for business and policy applications.

Sample Four Year Plan

First Year


  • Fall:
    • INTDSC 1003 - 1 hour
    • ENGL 1100 - 3 hours
    • MATH 1045 - 5 hours
    • CORE Communication Proficiency - 3 hours
    • EXPLORE Humanities and Fine Arts - 3 hours
  • Spring:
    • ECON 1001 - 3 hours
    • MATH 1800 - 5 hours
    • EXPLORE Humanities and Fine Arts - 3 hours
    • CORE Information Literacy - 3 hours

Second Year


  • Fall:
    • ECON 1002 - 3 hours
    • CORE US History & Government - 3 hours
    • EXPLORE Mathematics & Life/Natural Sciences - 3 hours
    • EXPLORE Humanities & Fine Arts - 3 hours
    • Global Perspectives Requirement - 3 hours
  • Spring:
    • ECON 3002 - 3 hours
    • ECON 2000+ course - 3 hours
    • Global Perspectives Requirement - 3 hours
    • Elective or minor - 3 hours
    • Elective or minor - 3 hours

Third Year


  • Fall:
    • ECON 3001 - 3 hours
    • ECON 3100 - 3 hours
    • ENGL 3100 - 3 hours
    • CORE - US History and Government - 3 hours
    • Elective or minor - 3 hours
  • Spring:
    • ECON 4100 - 4 hours
    • ECON 2000+ course - 3 hours
    • EXPLORE - Mathematics and Life/Natural Sciences - 3 hours
    • Elective or minor - 3 hours
    • Elective or minor - 3 hours

Fourth Year


  • Fall:
    • ECON 4XXX quantitative course - 3 hours
    • ECON XXXX Economics Elective - 3 hours
    • Elective or minor - 3 hours
    • Elective or minor - 3 hours
    • Elective or minor - 3 hours
  • Spring:
    • ECON 4XXX Quantitative course - 3 hours
    • ECON XXXX Economics Elective - 3 hours
    • Elective or minor - 3 hours
    • Elective or minor - 3 hours
    • Elective or minor - 3 hours

Total Hours: 117


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