Economics B.A.

Economics Major

The B.A. Economics major requires a minimum of 120 total hours to graduate. This total includes UNIFI/General Education requirements and the following specified major requirements, plus electives to complete the minimum of 120 hours.

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Course will also satisfy the Quantitative Reasoning requirement in the UNIFI/General education program.

**

It is recommended that either ECON 2112 or ECON 2122 be taken before taking other advanced courses in economics. 

Emphases:

1. General Economics

2. Quantitative Techniques

3. Business Economics

Students who select this emphasis must satisfy the Wilson College of Business admission requirements before they can officially declare their major. For more information on these policies, check with your advisor in the Office of Professional Distinction in CBB 5. Prior to completion of the admission requirements, students may sign an intent to major in Economics/Business Economics and be classified as a prospective (pre)major. Enrollment in upper division (3000/4000-level) business courses requires satisfactory completion of the Wilson College of Business admission requirements and any course prerequisites. 

4. Applied Economic Analysis

REQUIRES COMPLETION OF A MATHEMATICS MAJOR, ANY EMPHASIS

Four-Year Plan

Economics: General, B.A.

This is a sample plan of study with a suggested sequencing of classes for the major.  University electives may be applied to earn additional academic majors, minors, or certificates.  Students should regularly meet with their academic advisor to plan their specific semester schedule to include UNIFI/General Education program and/or university elective hours required.

Economics: Quantitative Techniques, B.A.

This is a sample plan of study with a suggested sequencing of classes for the major.  University electives may be applied to earn additional academic majors, minors, or certificates.  Students should regularly meet with their academic advisor to plan their specific semester schedule to include UNIFI/General Education program and/or university elective hours required.

Economics: Business Economics, B.A.

This is a sample plan of study with a suggested sequencing of classes for the major.  University electives may be applied to earn additional academic majors, minors, or certificates.  Students should regularly meet with their academic advisor to plan their specific semester schedule to include UNIFI/General Education program and/or university elective hours required.

Economics: Applied Economics Analysis, B.A.

REQUIRES COMPLETION OF A MATHEMATICS MAJOR, ANY EMPHASIS

This is a sample plan of study with a suggested sequencing of classes for the major.  University electives may be applied to earn additional academic majors, minors, or certificates.  Students should regularly meet with their academic advisor to plan their specific semester schedule to include UNIFI/General Education program and/or university elective hours required.

Learning Outcomes

ECONOMICS: GENERAL, B.A.

• Objective 1: Students will demonstrate disciplinary content knowledge
  • 1.1 Learners will demonstrate broad knowledge of the business disciplines.
  • 1.2 Learners will calculate the opportunity cost of an action.
  • 1.3  Learners will evaluate the effects of changes in supply and/or demand on market equilibrium price and quantity.
• Objective 2: Students will use quantitative skills to aid business decision making
  • 2.1 Learners will display a broad set of quantitative skills as applied to business decision making across a wide range of business disciplines.
  • 2.2 Learners will test hypotheses, interpret the results, and apply the results in making decisions.
  • 2.3 Learners will test for, analyze, and interpret the relationship between two or more variables.
• Objective 3: Students will display communication skills
  • 3.1 Learners will demonstrate strong written communication skills as required for a business major.
  • 3.2 Learners will accurately summarize material, both orally and in writing.
• Objective 4: Students will be able to apply critical thinking skills
  • 4.1 Learners will apply basic critical thinking skills as expected for all business majors.
  • 4.2 Learners will construct a conclusion, or solution, following appropriate reasoning and evaluation of evidence.
• Objective 5: Students will understand the work value expectations of contemporary organizations
  • 5.1 Learners will identify ethical components in business situations.
  • 5.2 Learners will display other work values such as professional demeanor, quality of effort, dependability, attitude, and initiative.

ECONOMICS: APPLIED ECONOMICS ANALYSIS, B.A.

• Objective 1: Students will demonstrate disciplinary content knowledge
  • 1.1 Learners will demonstrate broad knowledge of the business disciplines.
  • 1.2 Learners will calculate the opportunity cost of an action.
  • 1.3 Learners will evaluate the effects of changes in supply and/or demand on market equilibrium price and quantity.
• Objective 2:  Students will use quantitative skills to aid business decision making
  • 2.1 Learners will display a broad set of quantitative skills as applied to business decision making across a wide range of business disciplines.
  • 2.2 Learners will test hypotheses, interpret the results, and apply the results in making decisions.
  • 2.3 Learners will test for, analyze, and interpret the relationship between two or more variables.
• Objective 3: Students will display communication skills
  • 3.1 Learners will demonstrate strong written communication skills as required for a business major.
  • 3.2 Learners will accurately summarize material, both orally and in writing.
• Objective 4: Students will be able to apply critical thinking skills
  • 4.1 Leaners will apply basic critical thinking skills as expected for all business majors.
  • 4.2 Learners will construct a conclusion, or solution, following appropriate reasoning and evaluation of evidence.
• Objective 5: Students will understand the work value expectations of contemporary organizations
  • 5.1 Learners will identify ethical components in business situations.
  • 5.2 Learners will display other work values such as professional demeanor, quality of effort, dependability, attitude, and initiative.

ECONOMICS: BUSINESS ECONOMICS, B.A.

• Objective 1: Students will demonstrate disciplinary content knowledge.
  • 1.1 Learners will demonstrate broad knowledge of the business disciplines.
  • 1.2 Learners will calculate the opportunity cost of an action.
  • 1.3 Learners will evaluate the effects of changes in supply and/or demand on market equilibrium price and quantity.
• Objective 2: Students will use quantitative skills to aid business decision making
  • 2.1 Learners will display a broad set of quantitative skills as applied to business decision making across a wide range of business disciplines.
  • 2.2 Learners will test hypotheses, interpret the results, and apply the results in making decisions.
  • 2.3 Learners will test for, analyze, and interpret the relationship between two or more variables.
• Objective 3: Students will display communication skills
  • 3.1 Learners will demonstrate strong written communication skills as required for a business major.
  • 3.2 Learners will accurately summarize material, both orally and in writing.
• Objective 4: Students will be able to apply critical thinking skills
  • 4.1 Learners will apply basic critical thinking skills as expected for all business majors.
  • 4.2 Learners will construct a conclusion, or solution, following appropriate reasoning and evaluation of evidence.
• Objective 5: Students will understand the work value expectations of contemporary organizations
  • 5.1 Learners will identify ethical components in business situations.
  • 5.2 Learners will display other work values such as professional demeanor, quality of effort, dependability, attitude, and initiative.

ECONOMICS: QUANTITATIVE TECHNIQUES, B.A.

• Objective 1: Students will demonstrate disciplinary content knowledge
  • 1.1 Learners will demonstrate broad knowledge of the business disciplines.
  • 1.2 Learners will calculate the opportunity cost of an action.
  • 1.3 Learners will evaluate the effects of changes in supply and/or demand on market equilibrium price and quantity.
• Objective 2: Students will use quantitative skills to aid business decision making
  • 2.1 Learners will display a broad set of quantitative skills as applied to business decision making across a wide range of business disciplines.
  • 2.2 Learners will test hypotheses, interpret the results, and apply the results in making decisions.
  • 2.3 Learners will test for, analyze, and interpret the relationship between two or more variables.
• Objective 3: Students will display communication skills
  • 3.1 Learners will demonstrate strong written communication skills as required for a business major.
  • 3.2 Learners will accurately summarize material, both orally and in writing.
• Objective 4: Students will be able to apply critical thinking skills
  • 4.1 Learners will apply basic critical thinking skills as expected for all business majors.
  • 4.2 Learners will construct a conclusion, or solution, following appropriate reasoning and evaluation of evidence.
• Objective 5: Students will understand the work value expectations of contemporary organizations
  • 5.1 Learners will identify ethical components in business situations.
  • 5.2 Learners will display other work values such as professional demeanor, quality of effort, dependability, attitude, and initiative.

Policies

1.  A student must complete ECON 1041, ECON 1051, ECON 2112, and ECON 2122 with at least a C- in each course whether taken at UNI or an institution from which transfer credit for these courses is accepted; must earn a 2.20 cumulative grade point average at UNI; must earn an overall 2.20 grade point average in business designated courses taken at UNI.
2. ECON 1011 may not be used toward Economics major or minor elective credit.
3. ECON 2090 counts toward an Economics major only in the Business Economics emphasis and does not count toward the minor.
4. ECON 1031 does not count toward the Economics major or minor.
5. ECON 1041 and ECON 1051 are minimum prerequisites for all 2000/3000/4000-level courses, except ECON 2090, ECON 2140, ECON 3125, ECON 3217/5217, ECON 3231/5231, and ECON 3371.
6. It is recommended that ECON 2112 and ECON 2122 be taken before other advanced courses in Economics.
7. Not more than one emphasis may be declared in economics.
8. All students majoring in business must complete 50% of their major coursework in the Wilson College of Business at UNI. Major coursework would include any undergraduate, credit-bearing, graded course taught in the Wilson College of Business at UNI. Business courses taken at UNI as credit/no credit do not qualify. A minimum of 10 credits must be upper division (3000-4000 level courses). Economics: General Economics, Quantitative Techniques, and Applied Economics are excluded from these guidelines.

The Wilson College of Business limits the number of courses that can be counted towards major specific requirements across the College. The College will allow students to double count one major specific course between majors, with the following exceptions. These exceptions include major combinations which allow two double-counted courses: 

• MIS/Business Analytics 
• Real Estate/Finance: Financial Management or Investments
• Business Analytics/Economics: Business Economics

This guideline is not applicable to the business core. There are no limitations to the number of courses that can be double-counted towards minors and/or certificates within the College.

Enrollment in upper division (3000/4000-level) business courses requires satisfactory completion of the Wilson College of Business admission requirements and any course prerequisites. A copy of the Wilson College Policies may be obtained at https://business.uni.edu/students/advising/uni-college-business-policies.

Related Programs

• Management B.A.
• Mathematics B.A.