Apr 24, 2024  
2021-2022 UMaine Undergraduate Catalog 
    
Catalog Navigation
  Catalog Home
  President’s Message
  Abbreviations
  Academic Calendar
  Academic Standing
  Admission
  Auxiliary Services
  Colleges and Programs
  Course Descriptions
  Degree Requirements for Graduation
  Disclaimers
  Enrollment Status
  Expenses and Fees
  Facilities and Centers
  Financial Aid
  General Education Requirements
  Grades and Grading
  Graduate Catalog
  Honors College
  Majors and Minors
  Official Records
  Officers and Faculty
  Prior Learning Assessment
  Seal of Biliteracy Credit Table
  Student Services and Facilities
  Test Credit Tables
  Transfer Credit
  University Overview
  University Wide Academic Programs
HELP
2021-2022 UMaine Undergraduate Catalog [ARCHIVED CATALOG]

Economics

Return to {$returnto_text} Return to: Colleges and Programs

Overview of Degree Requirements - B.A.

Minimum number of credits required to graduate: 120

Minimum Cumulative GPA required to graduate: 2.0

Minimum Grade requirements for courses to count toward major: A “C-” or better is required in all Economic Core Courses. A “C” or better is required in the capstone courses ( ECO 475, ECO 489, HON 499 or equivalent).

Other GPA requirements to graduate: Economics (ECO) coursework must be completed with a 2.0 or better cumulative average.

Required Course(s) for fulfilling Capstone Experience:  ECO 475, ECO 489, HON 498/499 or equivalent

Contact Information: School of Economics, 206 Winslow Hall, (207) 581-3154. 

Programs in the School of Economics provide students with knowledge of economic principles and theory, skills to apply and share this knowledge, and tools to solve real-world problems. The faculty of the School of Economics taps a broad set of experiences, perspectives, and specializations that provide students with diverse learning opportunities. Courses emphasize the application of economic institutions, and address contemporary policy issues. Students in the undergraduate economics program develop strong analytical, communication, and critical-thinking skills - skills that are critical to successful career pathways and graduate study in diverse fields, including economics, business, finance, government, law, public policy, international affairs, data science, journalism, and beyond.

The Bachelor of Arts in Economics is a program that trains students in economic analysis and the functioning of economic institutions. The program emphasizes public economic policy, both domestic and international. The major offers students valuable preparation for a variety of career paths. Students may design their programs of study:

  1. for immediate entry upon graduation into business, government, or other employment;

  2. for graduate education leading to a business administration or law degree;

Students are required to work with their advisors on selecting appropriate economics electives in addition to the required economics core. Students are also encouraged to discuss career or graduate school preparation with their advisor.

The School of Economics believes strongly in interdisciplinary work and that economics is well suited for applied work in other fields.  Students in the B.A. Economics program are REQUIRED to complete a minor and/or double major. Some outside courses with a partial focus on economics may be counted as economics electives with prior approval.

B.A. Requirements

Students must complete a total of 27 credits in Human Values and Social Contexts, 12 credits of which must be at the 200 level or above. Students must complete a residency requirement of a minimum of 18 economics (i.e. ECO) credits through the University of Maine at the 300 level or higher.  Students must complete the following:

1. Economics Core Courses (19 credits)

2. Additional credit hours in ECO courses (21 credits)

A total of twenty-one (21) additional Ecomomics Elective credit hours in ECO courses. A minimum of 12 credits must be at the 300 level or higher, 6 of which must be at the 400 level or higher (not counting the core above or capstone).

ECO 385 - Econometrics   and  ECO 480 - Introduction to Mathematical Economics  are strongly recommended for students considering graduate study in economics. 

Up to one (1) course from the following list of outside electives can count as Economics Electives:

3. Mathematics Requirement (3-4 credits)

ONE of the following:

4. Statistics Requirement (3-4 credits)

One of the following:

5. Minor or Double Major Requirement (18 credits minimum)

Students completing the B.A. in Economics must have a minor or a double major.

6. Free Electives:

Students will utilize free electives to fill to 120 credits.

A Typical Four-year Program in Economics (B.A. ECO)

(Listed below is the sequence for economics courses. Students meet with their Faculty Advisor to fill in remaining schedule with General Education courses, free electives and other requirements.)

First Year

Second Year

Third Year

  • Economics Elective Credits:  3-9
  • English (ENG) Technical Writing Course
  • Minor/Double Major Courses: 3-12 Credits

Fourth Year

  • Credits: 3 or other approved capstone
  • Economics Electives Credits:  3-9
  • Minor/Double Major Courses: 3-12 Credits

B.S. Requirements

Overview of Degree Requirements - B.S.

Minimum number of credits required to graduate: 120

Minimum Cumulative GPA required to graduate: 2.0

Minimum Grade requirements for courses to count toward major: A “C-” or better is required in all Economics Core Courses. A “C” or better is required in the capstone course (ECO 475, ECO 489, HON 498/499 or equivalent).

Other GPA requirements to graduate: Economics (ECO) coursework must be completed with a 2.0 or better cumulative average.

Required Course(s) for fulfilling Capstone Experience:  ECO 475, ECO 489, HON 498/499 or equivalent

Contact Information:  School of Economics, 206 Winslow Hall, (207) 581-3154.

Programs in the School of Economics provide students with knowledge of economic principles and theory, skills to apply and share this knowledge, and tools to solve real-world problems.  The faculty of the School of Economics taps a broad set of experiences, perspectives, and specializations that provide students with diverse learning opportunities.  Courses emphasize the application of economic reasoning to public and private decision-making, focus on Us and international economic institutions, and adders contemporary policy issues.  Students in the undergraduate economics programs develop strong analytical, communication, and critical-thinking skills - skills that are critical to successful career pathways and graduate study in diverse fields, including economics, business, finance, government, law, public policy, international affairs, data science, journals, and beyond.


The Bachelor of Science in Economics curriculum places a greater emphasis on quantitative and mathematical techniques than the Bachelor of Arts curriculum.  The major offers students with valuable preparation for a variety of career paths.  Students may design their program of study:

1.  for immediate entry upon graduation into business, government, or other employment;

2.  for graduate education leading to a business administration or law degree;

3.  for graduate work in economics or related disciplines.

Students are required to work with their advisors on selecting appropriate economics electives in addition to the required economics core.  Students are also encouraged to discuss career or graduate school preparation with their advisor.

The School of Economics believes strongly in interdisciplinary work and that economics is well suited for applied work in other fields.  Students in the B.S. Economics program are SUGGESTED to complete minors and/or double majors.  Some outside courses with a partial focus on economics may be counted as economics electives with prior approval.

BS Requirements:

Students must complete a residency requirement of a minimum of 18 economics (i.e. ECO) credits through the University of Maine at the 300 level or higher.  Students must complete the following:

1. Economics Core Courses (22 credits)

2. Additional Economic (ECO) Electives (24 credits)

Students are required to work with their advisor to select 24 additional credit hours of Economics Electives.  A minimum of 15 of the Additional Economics Electives credit hours must be at the 300 level or above, 9 of which must be at the 400 level or higher.

 

Up to one (1) course from the following list of outside electives can count as Economics Electives:

3. Mathematics Requirement (3-4 credits)

One of the following:

4. Statistics Requirement (3-4 credits)

One of the following:

5. Free Electives:

Students will utilize free electives to fill to 120 credits.

A Typical Four-year Program in Economics (B.S. ECO)

(Listed below is the sequence for economics courses. Students meet with their Faculty Advisor to fill in remaining schedule with General Education courses, free and concentration electives and other requirements.)

First Year

Second Year

Third Year

Fourth Year

Return to {$returnto_text} Return to: Colleges and Programs