Catalog 2013-2014

Economics

253.535.7595
www.plu.edu/economics
econ@plu.edu

"By virtue of exchange, one person's property is beneficial to all others." —Frederic Bastiat

Economics is the study of how people establish social arrangements for producing and distributing goods and services to sustain and enhance human life. Its main objective is to determine an efficient use of limited economic resources so that people receive the maximum benefit at the lowest cost.

The economics discipline embraces a body of techniques and conceptual tools that are useful for understanding and analyzing our complex economic system.

BACHELOR OF ARTS DEGREE
Major in Economics
Minimum of 40 semester hours, including additional required hours or a concentration

Required Courses for all Economic Majors
  • ECON 101 or 111, 102, 301, 302, 499 4 semester hours selected from: STAT 231 or MATH/STAT 242
Additional Required Courses (for a major without a concentration)
  • 12 semester hours of electives in Economics
  • One course selected from: ECON 344, BUSA 202 or 302, MATH 348 or up to four semester hours in Computer Science
To remain in the major, junior and senior-level students must:
  • maintain a minimum 2.50 overall GPA, and
  • maintain a minimum 2.50 GPA in courses to be counted towards the Economics major.

To register for an Economics course with any prerequisites, a grade of C- or better must be attained in each of the prerequisite courses.

Economics majors may transfer in a maximum of 20 semester hours toward the economics major, unless they have permission from the Economics Department chair.

With departmental approval, ECON 111 may be substituted for ECON 101 for purposes of major and minor requirements.

ECON 499 meets the senior seminar/project requirement. For students planning graduate work in economics or business, additional math preparation will be necessary. For specific courses, consult your major advisor.

CONCENTRATIONS
As well as the courses listed above for the major, the courses listed under each concentration are required.
Environmental and Resource Policy Analysis
52 semester hours
  • Internship: ECON 495 (4)
  • 4 semester hours from: ECON 344, MATH 348, BIOL 116 or ENVT/GEOS 104
  • 12 semester hours from: ECON 311, 313, 315, 327
  • 8 semester hours from: HIST 370, BIOL 356, 367, 368, POLS 346
International Economic Analysis
52 semester hours
  • ECON 495, POLS 331 and POLS 347
  • 12 semester hours chosen from: ECON 311, 313, 315, 331, 333, 335, 338
  • Plus 4 semester hours selected from: ECON 344, BUSA 202 or 302, MATH 348, or CSCE 120
Mathematical Economics
52 semester hours
  • ECON 344, 345
  • MATH 151, 152, 253
  • Minimum of 8 semester hours of Economics electives
The Modern Economic Enterprise
52 semester hours

As well as the required courses for the major listed above, the following courses are required for the concentration:

  • ECON 325, 341, 495*
  • ECON 321 or ECON 323
  • Minimum of 12 semester hours of Business electives (BUSA 200 level or higher, BUSA 201 recommended)

*Note: BUSA 495 may be substituted for ECON 495 with a minimum of 4 semester hours.

MINOR
24 semester hours
  • ECON 101 or 111; 102; 301 or 302
  • 12 additional semester hours of electives, 4 of which may be in Statistics

All courses counted toward an Economics minor must be completed with grades of C- or higher and with a cumulative GPA of 2.5 or higher in those courses.

Economics minors may transfer in a maximum of 12 semester hours toward the economics minor, unless they have permission from the Economics department chair.