Oct 31, 2024

2023-2024 UMaine Undergraduate Catalog

2023-2024 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 470, ECO 475, ECO 489, HON 498/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 470, ECO 475, ECO 489, HON 498/HON 499 or equivalent

Contact Information: School of Economics, 206 Winslow Hall, (207) 581-3150.

Economics majors build strong analytical and problem-solving skills. The Economics B.A. degree provides a broad coverage of economic concepts and methods, and it is flexible for students with double majors in other disciplines. This program is available as a fully online degree.

B.A. Requirements

1. Economics Core Courses (19 credits)

ECO 117 - Issues and Opportunities in Economics Credits: 1 (not required for internal or external transfers)
ECO 120 - Principles of Microeconomics Credits: 3
ECO 121 - Principles of Macroeconomics Credits: 3
ECO 221 - Intermediate Macroeconomics Credits: 3
ECO 220 - Intermediate Microeconomic Theory Credits: 3
ECO 266 - Principles of Economic Data Analysis Credits: 3
Capstone Course Credits: 3

2. Additional Economics Electives (15 credits)

A total of fifteen (15) additional Economics elective credit hours in ECO courses. A minimum of 9 credits must be at the 300 level or higher, 3 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.

3. Mathematics Requirement (3-4 credits)

One of the following:

MAT 115 - Applied Mathematics for Business and Economics Credits: 3
MAT 116 - Introduction to Calculus Credits: 3
MAT 122 - Pre-Calculus Credits: 4
MAT 126 - Calculus I Credits: 4
MAT 127 - Calculus II Credits: 4
MAT 136 - Honors Level Calculus I Credits: 4
students planning to attend Graduate School should take MAT 126

4. Statistics Requirement (3-4 credits)

One of the following statistics courses (or equivalent):

STS 215 - Introduction to Statistics for Business and Economics Credits: 3
STS 132 - Principles of Statistical Inference Credits: 3
STS 332 - Statistics for Engineers Credits: 3
STS 434 - Probability Theory Credits: 3

ELHS Bachelor of Arts Degree Requirements

To obtain a Bachelor of Arts degree:

1a. Students must complete an academic minor or a second academic major outside of their primary discipline. Appropriate minors and majors shall be determined by the academic unit of the student’s primary major to ensure breadth of study.

1b. Alternatively, a student may complete, within their program of study, 27 credits in courses meeting the human values and social context general education criteria of the university. At least 12 credits of these must be at the 200 level or above.

and

2. Students must complete a minimum of 60 credits outside their major. (If a particular major requires courses in another discipline, either within the same department or in another department, those credits may still count toward the 60 credits.) Depending on the particular program, the degree will require 120 or 121 total credits for graduation. In addition, each student must achieve a minimum grade point average of 2.0 over all courses taken. Some programs may also require minimum grade point averages for courses within the major. Students should consult individual program sections about specific details concerning a particular 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

ECO 117 - Issues and Opportunities in Economics Credits: 1
ECO 120 - Principles of Microeconomics Credits: 3
ECO 121 - Principles of Macroeconomics Credits: 3
ENG 101 - College Composition Credits: 3
Applied or Lab Science
Economics Elective Credits: 3-6
Math (MAT) or Statistics (STS) course

Second Year

ECO 220 - Intermediate Microeconomic Theory Credits: 3
ECO 221 - Intermediate Macroeconomics Credits: 3
ECO 266 - Principles of Economic Data Analysis Credits: 3
Applied or Lab Science
Economics Electives Credits: 3-6
Math (MAT) or Statistics (STS) Course

Third Year

Economics Elective Credits: 3-9
English (ENG) Technical Writing Course

Fourth Year

ECO 489 - Senior Capstone Credits: 3 or other approved capstone
Economics Electives Credits: 3-9

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 470, ECO 475, ECO 489 HON 498/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 470, ECO 475, ECO 489, HON 498/HON 499 or equivalent

Contact Information: School of Economics, 206 Winslow Hall, (207) 581-3150.

Economics majors build strong analytical and problem-solving skills. The Economics B.S. degree provides a broad coverage of economic concepts and methods, and it includes several quantitative courses. Students will learn skills that are highly valued in the labor force, and that help them succeed in graduate degree programs.

BS Requirements:

1. Economics Core Courses (25 credits)

ECO 117 - Issues and Opportunities in Economics Credits: 1 (not required for internal or external transfers)
ECO 120 - Principles of Microeconomics Credits: 3
ECO 121 - Principles of Macroeconomics Credits: 3
ECO 220 - Intermediate Microeconomic Theory Credits: 3
ECO 221 - Intermediate Macroeconomics Credits: 3
ECO 266 - Principles of Economic Data Analysis Credits: 3
ECO 385 - Econometrics Credits: 3
ECO 480 - Introduction to Mathematical Economics Credits: 3
Capstone Course Credits: 3

2. Additional Economic Electives (18 credits)

A total of eighteen (18) additional Economics 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).

3. Mathematics Requirement (3-4 credits)

One of the following mathematics courses (or equivalent):

MAT 116 - Introduction to Calculus Credits: 3
MAT 126 - Calculus I Credits: 4
MAT 127 - Calculus II Credits: 4
MAT 136 - Honors Level Calculus I Credits: 4
*students planning to attend Graduate School should take MAT 126/136