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The Department Description
Office: Science Building, room 346-B; Phone:(773) 442-5690
The Economics program offers courses of study leading to a Bachelor of Arts degree.
Economics is the social science that analyzes the basic problem of scarce resources and the necessity of choice. This basic problem is faced by businesses, households, governments and nations. Economics courses focus on how markets operate and how policies and choices affect market activity. Economics provides useful insights into problems of recession and inflation, international economics relations, environmental issues, economic growth, public policy, financial markets, and labor market developments among others. A major in economics provides an excellent preparation for careers in business and public organizations. Economics majors are also well prepared for graduate study in business and law. Further graduate study in Economics is necessary for careers in university teaching and other professions requiring masters or doctoral degrees.
The introductory courses ECON-215 and ECON-217 are designed to provide basic knowledge and to serve as a foundation for other courses in economics and business. A concentration in economics provides an excellent background for students who wish to pursue careers in business and management, law, government or teaching. The prerequisite for a major in economics is satisfactory completion of three years or equivalent of high school mathematics. Students planning to do graduate work in economics are urged to complete at least two years of college mathematics, including differential and integral calculus. Students not planning study beyond the baccalaureate level should complete at least one year of college level mathematics. Economics majors and minors are also encouraged to take quantitative economics courses beyond the minimum requirements. Majors are strongly encouraged to take ECON-303 and ECON-304 prior to enrolling in upper division electives. All courses in the economics program carry three hours of credit.
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