Department of Economics at Illinois State University Department of Economics at Illinois State University Department of Economics at Illinois State University

Requirements For the Economics Major

The requirements for the Economics major are straightforward. In addition to University graduation requirements that must be satisfied by all students (and which may vary depending on your catalog year), you must complete a core set of courses and electives that vary depending on which sequence--the General Economics Sequence or the Managerial Economics Sequence--you choose to complete.

 

Economics Core Courses and their Prerequisites

The following required courses for an Economics major have prerequisites:

Course #

Course Title

Prerequisite(s)

MAT 121 Intro to Calculus for Business C or better in MAT 120 and either placement test or C or better in MAT 119 required (MAT 107 in past Undergraduate catalogs).
ECO 138 Economic Reasoning Using Statistics MAT 111 or 120 or 130 or 145.
ECO 238 Using Regression and Econometric Methods ECO 105; ECO/GEO/POL/PSY 138 or ECO 148 or MQM 100 Req.
ECO 240 Intermediate Microeconomic Theory ECO 105; ECO/GEO/POL/PSY 138 or ECO 148 or MQM 100 ; and MAT 121 or 145 required.
ECO 241 Intermediate Macroeconomic Theory ECO 105; ECO/GEO/POL/PSY 138 or ECO 148 or MQM 100 ; and MAT 121 or 145 required.
ECO 300 Senior Project ECO 240 and ECO 241 required

 

These prerequisites apply to all students, regardless of the catalog year followed for graduation. To enroll in ECO 240 and ECO 241 all prerequisites must be met. NO EXCEPTIONS WILL BE MADE.

College of Arts and Sciences Foreign Language Requirement

Students majoring in Economics who are under the 2005-06 or later Undergraduate Catalog must also satisfy the College of Arts and Sciences' foreign language requirement.

General Economics Sequence

The requirements for the General Economics Sequence are straightforward. In addition to University graduation requirements that must be satisfied by all students (and which may vary depending on your catalog year), you must complete a core set of courses and four electives to graduate with a degree in Economics.The core courses that all Economics majors must complete as part of the General Economics Sequence include:

Course #

Course Title

ECO 105 Principles of Economics
ECO 138 Economic Reasoning Using Statistics (or approved substitute)
MAT 121

Introduction to Calculus for Business and Social Sciences (MAT 145 Calculus I can be substituted for MAT 121.)

ECO 238 Using Regression and Econometric Methods
ECO 240 Intermediate Microeconomic Theory
ECO 241 Intermediate Macroeconomic Theory
ECO 300 Senior Project

 

Additional Catalog-Specific Requirements

UNDER THE 2006-07 and later CATALOGS, you must complete at least 33 hours in Economics-the seven required courses and at least four Economics electives (12 hours). In addition, at least four hours must be at the 300-level and include one hour of ECO 300, which is part of the Department's capstone experience. To fulfill the Department's capstone experience, you must enroll concurrently in ECO 300 and another 300-level Economics course of your choice. You must complete at least 15 hours of senior college credit in the Department. STUDENTS UNDER THE 2006-07 and later CATALOGS MUST EARN A GRADE OF C OR BETTER IN ECO 105, ECO 138, MAT 121, ECO 238, ECO 240, ECO 241, AND ECO 300.

UNDER THE 1998-99 through 2005-06 CATALOGS, you must complete at least 31 hours in Economics-the seven required courses (because the 4-hour version of ECO 138/ECO 148 listed in the 2005-06 and previous catalogs is no longer offered, students must complete both ECO 138 and ECO 238 or approved substitute) and at least four Economics electives. In addition, at least four hours must be at the 300-level and include one hour of ECO 300, which is part of the Department's capstone experience. To fulfill the Department's capstone experience, you must enroll concurrently in ECO 300 and another 300-level Economics course of your choice. You must complete at least 15 hours of senior college credit in the Department. This limitation means that only three hours of Economics senior college credit transferred to Illinois State University will count toward the minimum 31 hours requirement. STUDENTS UNDER THE 1998-99 through 2005-06 CATALOGS MUST EARN A GRADE OF C OR BETTER IN ECO 240, ECO 241, AND ECO 300.

Managerial Economics Sequence

The requirements for the Managerial Economics Sequence are straightforward. In addition to University graduation requirements that must be satisfied by all students (and which may vary depending on your catalog year), you must complete a core set of courses and four electives to graduate with a degree in Economics.The core courses that all Economics majors must complete as part of the Managerial Economics Sequence include:

Course #

Course Title

ECO 105 Principles of Economics
ECO 138 Economic Reasoning Using Statistics (or approved substitute)
MAT 121

Introduction to Calculus for Business and Social Sciences (MAT 145 Calculus I can be substituted for MAT 121.)

ECO 215 Money and Banking
ECO 238 Using Regression and Econometric Methods
ECO 239 Managerial Economics
ECO 240 Intermediate Microeconomic Theory
ECO 241 Intermediate Macroeconomic Theory
ECO 245 The International Economy
ACC 131 Financial Accounting
ACC 132 Managerial Accounting
ITK 150 Using Microcomputer Productivity Tools
ITK 208 Information and Database Access
FIL 240 Business Finance
ECO 300 Senior Project

 

Additional Requirements

UNDER THE 2008-10 catalog, you must complete at least 48 hours including the fifteen required courses. ECO300, the capstone, must be taken concurrently with one 3-hour 300-level ECO course from the following list: ECO 320, 326, 335, 339, 345, 346. Students must earn a minimum 2.5 GPA in the required courses in the sequence. In addition, a grade of C or better must be earned in each of the required courses.