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2022-2023 UMaine Undergraduate Catalog 
    
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2022-2023 UMaine Undergraduate Catalog [ARCHIVED CATALOG]

Economics

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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 499 or equivalent

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

Students who complete their Economics degree have an understanding of how people and businesses behave with respect to economic activities. This includes what items are produced, consumed, where they are produced, and so. Economics students will also understand how economics impacts regions and countries, and how the quality of the environment is impacted by the size and type of economic activity. Economics students gain knowledge and skills that are immediately useful for businesses, agencies or graduate school. Because of the broad knowledge and tools that economists possess, they are frequently involved in evaluating as well as formulating public policy.

There are many learning activities for economics majors outside of the classroom, including student clubs, internships, research with faculty, and study abroad. To broaden their learning and enhance future opportunities, Bachelor of Arts economics majors are required to have a minors or double majors. Students from a wide range of background and preparedness can do well in the fields of economics. Economics is one of the top degrees for finding jobs after graduation.

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 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 499 or equivalent

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

Students who complete their Economics degree have an understanding of how people and businesses behave with respect to economic activities. This includes what items are produced, consumed, where they are produced, and so. Economics students will also understand how economics impacts regions and countries, and how the quality of the environment is impacted by the size and type of economic activity. Economics students gain knowledge and skills that are immediately useful for businesses, agencies or graduate school. Because of the broad knowledge and tools that economists possess, they are frequently involved in evaluating as well as formulating public policy.

There are many learning activities for economics majors outside of the classroom, including student clubs, internships, research with faculty, and study abroad. To broaden their learning and enhance future opportunities, Bachelor of Science economics majors are recommended to have a minor or double major. The Bachelor of Science in Economics curriculum places a greater emphasis on quantitative and mathematical techniques than the Bachelor of Arts curriculum. The higher level of mathematics prepares students to work or continue their education in finance and banking, economic modeling, or other analytical fields. Economics is one of the top degrees for finding jobs after graduation.

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

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