Economics Major


See Also:

Economics Minor

Economics Learning Outcomes

Students who successfully complete an Economics major are able to:

  • Explain the basic elements of economic models.
  • Identify important economic actors, organizations, and institutions and describe their role and impact.
  • Understand and interpret statistical measures and techniques.
  • Use the spoken and written word, graphs, and mathematics to present economic phenomena and arguments.
  • Evaluate multiple economic arguments and multiple sources of evidence.
  • Propose and model economic hypotheses.
  • Collect relevant data for use in qualitative and quantitative research methods.
  • Evaluate economic arguments and policy proposals using empirical methods.

The Economics Major

Economics majors are required to have a GPA of at least 2.0 in departmental courses at graduation. Only Economics courses taken at Allegheny on a letter grade basis are included in the GPA calculation. For repeated courses, only the most recent grade is included. All courses required for the major must be taken on a letter grade basis except one of the introductory courses (ECON 100 or ECON 101). Students may present a total of 12 semester hours of transfer credit toward the major; exceptions must be approved by the department chair.

International Economics and Business

Those students wishing to pursue a career in International Economics or business should combine the study of a particular country and language with a background in Economics. If students are majoring in Economics and minoring in a language, they should take ECON 251 and ECON 256 as their elective 200-level course and ECON 451 or ECON 452 as their elective 400-level course. Students majoring in a language and minoring in Economics should take ECON 251 and ECON 256 and/or ECON 265, in addition to ECON 240. In addition, students are encouraged to study abroad and to complete an internship (ECON 530) either abroad or with a company engaged in international trade. Students may also select a double major in these two disciplines. For an example of language courses that complement a Business Economics track major or Economics minor, see the course of study described in the "Arabic," "Chinese," "French," "German," and 'Spanish" sections of this Bulletin.

Requirements:

Two Intermediate Theory Courses:

Should be completed by the end of the junior year:

ECON 200 - Microeconomic Theory
ECON 201 - Macroeconomic Theory

Two Courses in Economic Statistics:

Should be completed by the end of the junior year:

ECON 202 - Economic Statistics
ECON 203 - Economic Statistics II

Two 200-level Elective Courses:

Note: ECON 286 cannot be used to satisfy the 200-level elective requirement.

Two 400-level Elective Courses:

ECON 385 or ECON 386 can substitute for one of the 400-level courses.

Seminar:

(ECON 570-ECON 589). Typically taken in the first semester of the senior year.

The Senior Project:

ECON 620. Typically taken in the second semester of the senior year.

Note:

The 200-level elective courses generally have only introductory micro and/or macroeconomics as a prerequisite, whereas the 400- and 500-level courses generally require ECON 200 and ECON 201. Courses numbered ECON 210-ECON 289 are intended to be primarily informational, institutional, historical, or philosophical in nature, while the 400-level courses are more theoretical, empirical or quantitative in emphasis.

Students considering a major in Economics are advised that ECON 200, ECON 201, and ECON 202 are calculus-based and have MATH 157 or MATH 160 as prerequisites.



Academic Bulletin

Visit the Academic Bulletin for information on all majors, minors, and other programs at Allegheny college.

Visit the Allegheny College Academic Bulletin