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Professors: Curt L. Anderson, Richard W. Lichty, Jerrold M. Peterson,
Raymond L. Raab
Associate Professors: A. Maureen O'Brien (department
head )
Assistant Professor: David Doorn, Jennifer Schultz,
Bedassa Tadesse
Instructor: Sebastien Oleas
Adjunct: Susan Janssen
B.A.—CLA
Economics is the study of social, business, and individual decision making and the goals,
incentives, institutions, and constraints affecting those decisions. The Department of
Economics curriculum combines the classical liberal arts and modern quantitative
approaches.
The B.A. prepares students for careers in business and government, the study of law, and
graduate work in economics, management, public policy, and related fields. Business careers
requiring the analytical training of an economist include banking, management, insurance,
marketing research, and securities trading. Economists who work for government agencies
assess economic conditions in the United States and abroad and predict the economic impact
of specific changes in legislation or public policy. Government careers include those in
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 B.A. 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
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 (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)
Economics electives at 3xxx or above (15)
Required Courses From Other Programs
Acct 2005*—Survey of Accounting (3) (or Acct 2001 or Acct 2002)
Math 1160*—Finite Mathematics and Introduction to Calculus (5)
* 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 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.
Minor Requirements
The economics minor (23 credits) provides a basic overview of economics for students
interested in a complementary discipline.
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)
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