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BA—CLA

Imagine a career where you predict the future; where policy-makers and organizations of all kinds look to you for advice and ideas; where you look at the world as it is and have a say in how it could be. That career is economics.

Professors: Curt L. Anderson, Richard W. Lichty, Jerrold M. Peterson, Raymond L. Raab, Maureen O’Brien (department head); Assistant Professors: David Doorn, Jennifer Schultz, Bedassa Tadesse; Instructor: Sebastien Oleas

BA—CLA
Economists study social, business, and individual decision-making, as well as the goals, incentives, institutions, and constraints affecting those decisions. The BA prepares students for careers in business and government, the study of law, and graduate work in economics, management, public policy, and related fields.

We combine a classic liberal arts education with a modern quantitative approach to give you the skills necessary to analyze and predict the complex business world.

After graduation, banking, management, insurance, marketing research, and securities trading companies will all be within your reach.

If you are interested in government, you will have the opportunity to assess economic conditions in the U.S. and abroad, as well as predict the impact of changes to legislation or public policy. Government careers include foreign and intelligence service, regulatory agencies and international trade.

Honors Requirements
The department honors program recognizes majors who demonstrate outstanding academic performance. Department honors are noted in the commencement bulletin and by the following notation on the student’s transcript: "Graduated with Distinction in Economics." To be eligible, degree candidates must earn a 3.20 GPA overall. In addition, candidates must earn a 3.20 GPA in all economics courses.

Degree Requirements
Requirements for the BA in economics (120 credits) include:

Liberal education requirements advanced writing requirement: 3xxx composition course (3 credits) or FMIS 3141—Business Communications (3), Major requirements (46 credits), Requirements for a minor (or another major) in a discipline outside economics. The department strongly encourages majors to select a discipline that complements their chosen career path or builds on their analytical training. Suggested minors include political science, sociology, a foreign language, computer science, mathematics, and any business related field.

The department faculty welcomes and encourages student interaction with other students and the faculty through activities such as UROP (Undergraduate Research Opportunities Program) projects, ODE (Omicron Delta Epsilon honorary society for economics), Economics Club, and other activities and events.

Lower Division (17)
Econ 1022*—Principles of Economics: Macro (3)
Econ 1023*—Principles of Economics: Micro (3)
Econ 2030—Applied Statistics for Business and Economics (3)
Acct 2005 - Survey of Accounting, LE CAT8 (3)
    or equivalent course - check with the Department of Economics
Math 1160 - Finite Mathematics and Introduction to Calculus, LE CAT2 (5)
    or Math 1296 - Calculus I, LE CAT2 (5)

Upper Division
Econ 3022—Macroeconomic Analysis (3)
Econ 3023—Microeconomic Analysis (3)
Econ 3030—Economic Research Methodology
or Econ 4213—Mathematical Economics (3)
Econ 3031*—History of Economic Thought
or Econ 3036*—Radical Economics (3)

*Courses that may be used to fulfill UMD liberal education program requirements.

Electives
Electives in economics courses 3xxx or above (15). By petition, one course numbered 3xxx or above related to, but outside of, economics may be applied toward the major. No more than six (6) credits of any combination of internship, independent study, or courses outside economics can be used for upper division electives. Completion of the upper division core is required before taking an internship. An overall GPA of 2.80 is required for an internship and/or independent study.

Economics Minor
The minor provides a basic overview of economics for students interested in a complementary discipline.

Requirements (21 cr)
Lower Division
Econ 1022*—Principles of Economics: Macro (3)
Econ 1023*—Principles of Economics: Micro (3)
Econ 2030—Applied Statistics for Business and Economics (3)

Upper Division
Econ 3022—Macroeconomic Analysis
or   Econ 3023—Microeconomic Analysis
or   Econ 3512—Managerial Economics (3)
Economics electives at 3xxx or above (9 cr)

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