Economics

Phone: 262-472-1361 E-Mail: economics@uww.edu

Faculty: Yamin Ahmad, David Bashaw, Eylem Ersal, Stuart Glosser, Jeffery Heinrich (Chairperson), Russ Kashian, L. Denton Marks, Thomas Schweigert, Ran (Nancy) Tao, Daniel Teferra, David Welch.

Economics occupies a unique position in the academic curriculum. It is a social science concerned with choices made by individuals and society regarding resource allocation. At the same time, economics is essential to understanding the business world and provides the foundation for applications in accounting, finance, management and marketing.

There are a variety of ways to include economics in an undergraduate degree. Students can major in economics within the College of Letters and Sciences or within the College of Business and Economics. Students from the College of Letters and Sciences can combine a major in economics with a professional minor in business studies. Students from the College of Business and Economics or the College of Letters and Sciences who are not economics majors can obtain a minor in economics. Students in the College of Education can obtain a BSE with a major in economics.

Economics is divided into economic theory, quantitative methods and a variety of applied subfields. The department offers courses in Comparative Economics, Economic Development, Economics of Health Care, Industrial Organization, International Economics, Labor, Managerial Economics, Monetary Economics, Natural and Environmental Resource Economics, Public Economics, and Urban and Regional Economics. Economic theory and quantitative methods provide students with analytical skills and with the tools of empirical investigation.

An economics education opens up opportunities for career paths in business, government, non-governmental and non-profit organizations, journalism and education. Economics is valuable as a major or minor for those planning to pursue further professional or graduate training, including MBA, law, public policy and administration, industrial and labor relations, and international relations. Students who are considering graduate work in economics or related business disciplines should consider a minor in mathematics or a double major in economics and mathematics.

MAJORS/EMPHASES

The department offers the following three emphases. All students pursuing an emphasis must take Economics 201, 202, 301, 302 and 404 (for BA or BS) or 345 (for BBA).

These are particularly useful for those interested in policy-related careers. Economics provides intellectual tools fundamental to the origination, development, and critique of policy in the business, nonprofit, and public sectors.

International Emphasis: This emphasis is of value to students seeking a career in business, government or non-governmental organizations involved with the increasing globalization of the world economy. It provides students with a comprehensive background in international trade and trade policy, international finance and exchange rates, multinational enterprise and foreign investment, economic growth and development in developing and transition economies; comparative economic systems. Courses of particular interest include:

ECON 359 Comparative Economic Systems

ECON 360 Growth and Development in the World Economy

ECON 401 International Economics

ECON 406 International Finance and Banking

ECON 431 Economics of Globalization

Business Policy Emphasis: This emphasis is of value for careers involving strategic and tactical planning in the private sector. It develops skills in issue/problem identification and definition, formulation of hypotheses, model-building and model-testing. Business policy involves some or all of the core business areas such as marketing, finance, and accounting, but takes a broader view of the overall role of the firm and the industry in which it operates. Courses of particular interest include:

ECON 301 Intermediate Microeconomic Analysis

ECON 302 Intermediate Macroeconomic Analysis

ECON 341 Government and Business

ECON 345 Business Statistics II

ECON 353 Economics of Labor Markets and Labor Policies

ECON 354 Money and Banking

ECON 402 Business Cycles

ECON 437 Managerial Economics

ECON 441 Industrial Organization and Competitive Strategies

ECON 493 Internship in Economics

Students completing this emphasis will be well prepared for direct entry into a business career path or for further graduate or professional study (e.g., a general or specialized MBA).

Public Policy Emphasis: This emphasis is for those seeking a career in government in the civil service or as an elected official. Also careers involving formulation of public policy through organizations as diverse as trade associations and nonprofit organizations. Courses of particular interest include:

ECON 301 Intermediate Microeconomic Analysis

ECON 302 Intermediate Macroeconomic Analysis

ECON 341 Government and Business

ECON 353 Economics of Labor Markets and Labor Policies

ECON 356 Public Finance

ECON 438 Urban, Regional, and Transport Economies

ECON 445 Economics of Health Care

ECON 471 Natural Resource and Environmental Economics

ECON 493 Internship in Economics

Students completing this emphasis will be prepared either for direct entry into careers in public policy analysis in the public or private sector or for further graduate or professional study in areas such as Public Policy Analysis or Public Administration. The curriculum relevant to students particularly interested in public policy toward business (e.g., business regulation, trade policy) is the Business Policy Emphasis.

ECONOMICS (BBA)

MAJOR - 24 UNITS

  1. ECON 345, ECON 301 AND ECON 302
  2. SELECT 15 UNITS (COURSE LEVEL 300 OR 400) FROM ECONOMICS DEPARTMENT

UNIQUE REQUIREMENT:

  1. MATH 243 OR MATH 250 OR MATH 253

ECONOMICS (BA/BS)

Students in the College of Letters and Sciences are required to have:

  1. a minimum overall GPA of 2.0.
  2. a minimum major GPA of 2.0.

MAJOR - 27 UNITS & 2.00 GPA

  1. ECON 201 (GS), ECON 245, ECON 404, ECON 301 AND ECON 302
  2. SELECT 12 ELECTIVE UNITS (300 AND 400) IN ECONOMICS

UNIQUE MAJOR AND WRITING REQ. - 9-11 UNITS

  1. ECON 202 (GS) AND ITBE 353 RLS
  2. MATH 243 (GM) OR MATH 250 (GM) RLS

AN APPROVED MINOR IS REQUIRED FOR THIS MAJOR

ECONOMICS - INTERNATIONAL ECONOMICS EMPHASIS (BA/BS)

MAJOR - 33 UNITS

  1. ECON 201 (GS), ECON 245, ECON 301, ECON 302 AND ECON 404
  2. SELECT 12 ELECTIVE UNITS FROM: ECON 301, ECON 359, ECON 360, ECON 401, ECON 406, OR ECON 431,
  3. SELECT 6 UNITS FROM COMM 424, FNBSLW 410, MANGEMNT 410, MARKETNG 361, POLISCI 350, POLISCI 351, GEOGRPY 332

UNIQUE MAJOR AND WRITING REQUIREMENT - 9-11 UNITS

  1. ECON 202 (GS) AND ITBE 353
  2. MATH 342 OR MATH 250

ECONOMICS - PUBLIC POLICY EMPHASIS (BA/BS)

MAJOR - 33 UNITS

  1. ECON 201 (GS), ECON 245, ECON 301, ECON 302, ECON 404
  2. SELECT 12 UNITS FROM THE FOLLOWING: ECON 341, ECON 345, ECON 353, ECON 356, ECON 438, ECON 445, ECON 471, OR ECON 493
  3. SELECT 6 UNITS FROM THE FOLLOWING: POLISCI 330, POLISCI 344, GEOGRPY 340, GEOGRPY 350 OR GEOGRPY 440

UNIQUE MAJOR AND WRITING REQUIREMENT - 9-11 UNITS

  1. ECON 202 (GS) AND ITBE 353
  2. MATH 243 OR MATH 250

ECONOMICS (BSE)

LICENSURE - 37-38 UNITS

  1. SECNDED 466
  2. EDFOUND 243 OR EDFOUND 445
  3. SELECT 2 UNITS FROM CIFLD 210
  4. STUDENT TEACHING SELECT 2 UNITS FROM CIFLD 402 AND 12 UNITS FROM CIFLD 414 OR SELECT 2 UNITS FROM CIFLD 404 AND 12 UNITS FROM CIFLD 412
  5. SECNDED 430
  6. GEOGRPY 252 (GS) OR BIOLOGY 214 (GM) RLS
  7. ECON 213 RLS
  8. EDFOUND 212 AND EDFOUND 425
  9. SELECT 3 UNITS FROM COURSE SPECED 205

MAJOR - 34 UNITS

  1. ECON 245, ECON 404, ECON 301, ECON 302 AND ECON 359
  2. ECON 201 (GS) OR ECON 213
  3. SELECT 16 UNITS (COURSE LEVEL 300 OR 400) FROM ECONOMICS DEPT

WRITING - 3 UNITS

  1. ITBE 353 RLS

AN APPROVED MINOR IS REQUIRED FOR THIS MAJOR

SOCIAL STUDIES BROADFIELD - ECONOMICS I EMPHASIS (BSE)

LICENSURE - 42-43 UNITS

  1. SECNDED 466
  2. EDFOUND 243 OR 445
  3. SELECT 2 UNITS FROM CIFLD 210
  4. STUDENT TEACHING SELECT 2 UNITS FROM CIFLD 402 AND 12 UNITS FROM CIFLD 414 OR SELECT 2 UNITS FROM CIFLD 404 AND 12 UNITS FROM CIFLD 412
  5. SECNDED 430
  6. GEOGRPY 252 (GS) OR BIOLOGY 214 (GM) RLS
  7. ECON 213 RLS
  8. EDFOUND 212 AND EDFOUND 425
  9. SELECT 3 UNITS FROM COURSE CIFLD 492
  10. SELECT 3 UNITS FROM SPECED 205

MAJOR - 54 UNITS

  1. ECON 245, ECON 404, ECON 301, ECON 302 AND ECON 359
  2. ECON 201 (GS) OR ECON 213
  3. SELECT 16 UNITS FROM ECONOMICS COURSES AT THE 300 OR 400 LEVEL
  4. SELECT 20 UNITS FROM AT LEAST 2 OF THE SOCIAL SCIENCE AREAS EXCLUDING CORE COURSES

WRITING - 3 UNITS

  1. ITBE 353 RLS

SOCIAL STUDIES BROADFIELD - ECONOMICS II EMPHASIS (BSE)

LICENSURE - 42-43 UNITS

  1. SECNDED 466
  2. EDFOUND 243 OR EDFOUND 445
  3. SELECT 2 UNITS FROM CIFLD 210
  4. STUDENT TEACHING SELECT 2 UNITS FROM CIFLD 402 AND 12 UNITS FROM CIFLD 414 OR SELECT 2 UNITS FROM CIFLD 404 AND 12 UNITS FROM CIFLD 412
  5. SECNDED 430
  6. GEOGRPY 252 (GS) OR BIOLOGY 214 (GM) RLS
  7. ECON 213 RLS
  8. EDFOUND 212 AND EDFOUND 425
  9. SELECT 3 UNITS FROM COURSE CIFLD 492
  10. SELECT 3 UNITS FROM SPECED 205

MAJOR - 54 UNITS

  1. ECON 245, ECON 404, ECON 301 AND ECON 302
  2. ECON 201 (GS) OR ECON 213
  3. SELECT 7 ELECTIVE UNITS FROM ECONOMICS COURSE LEVEL 300 OR 400
  4. SELECT 32 UNITS FROM AT LEAST 3 OF THE SOCIAL SCIENCE AREAS EXCLUDING CORE COURSES

WRITING - 3 UNITS

  1. ITBE 353 RLS

MINOR/EMPHASES

ECONOMICS - L&S EMPHASIS

MINOR - 21 UNITS

  1. ECON 201 (GS) AND ECON 202 (GS)
  2. SELECT 15 UNITS FROM ECONOMICS NUMBERED 240 OR HIGHER. IF YOU ARE A BBA STUDENT, THE ECON COURSES APPLIED TO YOUR DEGREE REQUIREMENTS WILL NOT BE LISTED HERE BUT THEY CAN BE APPLIED TO THE MINOR; CHECK WITH THE ECON DEPT FOR INFORMATION.

ECONOMICS EDUCATION EMPHASIS

MINOR - 22 UNITS

  1. ECON 201 (GS) , ECON 202 (GS) AND ECON 359
  2. SELECT 13 UNITS FROM ECONOMICS NUMBERED ECON 240 OR HIGHER


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