Undergraduate
Bachelor's Degree Programs
Quantitative Economics
Major in Quantitative Economics
Economics is the study of the ways in which people attempt to satisfy their material needs and desires. It studies how people decide whether or how much to work in the marketplace or at home, and how consumers and businesses decide whether or how much to spend, save, produce or invest. It explains how markets coordinate the activities of many diverse buyers and sellers, and it explores circumstances that make it difficult for markets to function effectively without government or nonprofit-sector intervention. A major in economics supports the liberal arts traditions of promoting students' ability to think critically and helping them develop a better understanding of the world around them.
Students completing the Quantitative Economics B.S. program will achieve the following:
Know:
- a wide variety of economic issues, be able to determine when an issue is or is not essentially economic, and be able to distinguish between the positive and normative aspects of economic issues.
- the mathematical and statistical techniques that are widely used in economic analysis.
Understand:
- the complementary roles of the private sector and the government in the U.S. economy, and develop some familiarity with the similarities and differences in the role of the government in other world economies;
- the relationships between world economies in the areas of trade, finance, and information exchange, and will be familiar with the potential benefits and costs of these relationships; and
- how economic theory and models can be used to help study economic phenomena, and be able to use economic theory to help interpret and address many economic and social issues.
Be able to:
- understand and interpret economic data, and statistics based on economic data, when presented in a variety of forms.
The Bachelor of Science degree with a major in Quantitative Economics (ECON) requires satisfactory completion of the following:
- A minimum of 120 credit hours is required for a B.S. degree from the IU School of Liberal Arts.
- A minimum cumulative grade point average of 2.0 (C) is required for graduation.
- A minimum of 30 credit hours must be completed after formal admission to IU Indianapolis.
- A minimum of 21 credit hours of major coursework must be completed in residence in the IU School of Liberal Arts at IU Indianapolis. Course work completed on an IU-administered or IU co-sponsored Overseas Study program counts as residential credit.
- A minimum grade of C (2.0) is required in each major course.
- Once a course has been applied toward one requirement, it cannot be used to satisfy a second requirement, except where explicitly stated otherwise. In addition, except in cases of variable title courses, internships, and other special courses, no course will be counted more than once toward graduation.
IU Indianapolis General Education Core
A list of accepted courses in the IU Indianapolis General Education Core can be found here.
Core Communication (6 credits)
- ENG-W 131: Reading, Writing, and Inquiry I (3 credits) or ENG-W 140: Reading, Writing, and Inquiry: Honors (3 credits) completed with a grade of C (2.0) or higher
English for Academic Purposes (EAP) sections of ENG-G 131 have been designated for students whose first language is not English.
- COMM-R 110: Fundamentals of Speech Communication (3 credits)
Analytical Reasoning (6 credits)
- College math from List A (3 credits)
- List A or List B (3 credits)
Cultural Understanding (3 credits)
- A world language course is recommended
Life and Physical Sciences (6 credits)
- A laboratory science component is required
Arts/Humanities and Social Sciences (9 credits)
- Arts & Humanities (3 credits)
- Social Science (3 credits)
- Additional Arts & Humanities or Social Science (3 credits)
Transfer students entering IU Indianapolis from another public university in Indiana who have completed the transferable general education core at their home campus will not need to complete the IU Indianapolis General Education Core.
Liberal Arts Baccalaureate Competencies
First-Year Experience (1-3 credits)
- SLA-S 100: First-Year Success Seminar
- Other: First-Year Seminar from another school at IU Indianapolis
Transfer students with 18 or more credit hours are not required to take this course.
Writing Proficiency (3 credits), completed with a grade of C (2.0) or higher, chosen from the following:
- ENG-W 230: Writing in the Sciences
- ENG-W 231: Professional Writing Skills
- ENG-W 270: Argumentative Writing
Transfer students may satisfy the writing proficiency by completing course work equivalent to ENG-W 231, ENG-W 230, ENG-W 270, or GEWR-UN 200 with a grade of C (2.0) or higher at another campus or institution.
Transfer students with 80 or more transfer credits may petition for exemption from the Writing Proficiency requirement. Petition available in the Miriam Z. Langsam Office of Student Affairs, Cavanaugh Hall room 401.
Computer Proficiency (0-3 credits)
Computer science and computer technology courses intended to develop the student’s problem-solving ability and promote the understanding and use of logical structures of thought. Computer courses must focus on programming or data manipulation. Below is a list of accepted courses (see advisor if you have questions about a course not on this list):
- BUS-K 201: Computers in Business
- CSCI 23000: Computing I^ (pre-requisite or co-requisite: MATH-I 153)
- CSCI-N 200: Principles of Computer Science^
- CSCI-N 201: Programming Concepts^
- CSCI-N 207: Data Analysis Using Spreadsheets^
- CSCI-N 211: Introduction to Databases^
- INFO-I 101: Introduction to Informatics^
- INFO-I 210: Information Infrastructure^
- SPEA-V 261: Computers in Public Affairs
Note: courses with ^ listed by them may be shared with the IU Indianapolis General Education Core Analytical Reasoning List B requirement.
Life and Physical Sciences Laboratory
One laboratory science course is required and may be part of the coursework taken in the IU Indianapolis General Education Core.
Arts and Humanities (3 credits) - Courses in one’s first major field of study cannot be used to fulfill this requirement
100 or 200 level course chosen from the following disciplines
- Africana Studies (AFRO)
- American Studies (AMST)
- American Sign Language (ASL) excluding World Languages courses
- Classics (CLAS) excluding World Languages courses
- Communication Studies (COMM-R, excluding COMM-R 110, and COMM-T only)
- East Asian Languages and Cultures (EALC) excluding World Language courses
- English-Creative Writing or Writing and Literacy (ENG-W), excluding courses in the Writing Proficiency area.
- English Literature (ENG-L)
- Film Studies (FILM)
- Folklore (FOLK) excluding FOLK-F 101
- German (GER) excluding World Language courses
- History (HIST) excluding HIST-H 105, HIST-H 106, HIST-H 108, HIST-H 109, HIST-H 113, HIST-H 114
- Latino Studies (LATS)
- Medical Humanities and Health Studies (MHHS)
- Museum Studies (MSTD)
- Native American and Indigenous Studies (NAIS)
- Philosophy (PHIL)
- Religious Studies (REL)
- Spanish (SPAN) excluding World Language courses
- Women’s, Gender and Sexuality Studies (WGSS) excluding WGSS-W 105
- World Languages and Cultures (WLAC)
Social Sciences (3 credits) - Courses in one’s first major field of study cannot be used to fulfill this requirement
100 or 200 level course chosen from the following disciplines
- Africana Studies (AFRO)
- Anthropology (ANTH)
- Communication Studies (COMM-C and COMM-M only)
- English-Linguistics (ENG-Z)
- Folklore (FOLK)
- Geography (GEOG)
- Global and International Studies (INTL)
- History (HIST) only HIST-H 105, HIST-H 106, HIST-H 108, HIST-H 109, HIST-H 113, HIST-H 114
- Journalism and Public Relations (JOUR)
- Latino Studies (LATS)
- Medical Humanities and Health Studies (MHHS) excluding MHHS-M 201
- Native American and Indigenous Studies (NAIS)
- Political Science (POLS)
- Psychology (PSY)
- Sociology (SOC)
- Women’s, Gender, and Sexuality Studies (WGSS)
International Dimension (6-8 credits)
Cannot be shared with the General Education Core or the Economics Major
- AFRO-A 152: Introduction to African Studies
- AFRO-A 303: African Diaspora Studies
- ANTH-A 104: Cultural Anthropology
- CLAS-C 101: Ancient Greek Culture
- CLAS-C 102: Roman Culture
- CLAS-C 209: Med Terms in Greek & Latin
- ECON-E 303: International Economics
- JOUR-J 414: International Newsgathering
- ENG-L 245: Caribbean Literature
- ENG-L 301: English Literature Survey I
- ENG-L 302: English Literature Survey II
- ENG-L 348: 19th Century British Literature
- GEOG-G 110: Human Geography
- GEOG-G 130: World Geography
- HIST-H 108: Perspectives on World to 1800
- HIST-H 109: Perspectives on World 1800 to present
- HIST-H 113: Western Civilization I
- HIST-H 114: Western Civilization II
- HIST-H 227: African Civilizations
- INTL-I 100: Introduction to International Studies
- INTL-I 300: Topics in International Studies
- PHIL-P 307: Classical Philosophy
- PHIL-P 314: Modern Philosophy
- PHIL-P 334: Buddhist Philosophy
- PHIL-P 349: Philosophies of China
- POLS-Y 217: Comparative Politics
- POLS-Y 219: Introduction to International Relations
- REL-R 212: Comparative Religions
- REL-R 257: Introduction to Islam
- WLAC (any course offered by World Languages and Cultures, excluding American Sign Language and English Interpreting courses)
Additional courses may be accepted with approval from Associate Dean of Students.
Computer Science, Life & Physical Science, or Math (6-8 credits)
Cannot be shared with the General Education Core or with the Economics Major
- All courses on the Analytical Reasoning and Life & Physical Science IU Indianapolis General Education Core list are accepted
- Anthropology (ANTH-B 426, 468, 474)
- Biology (BIOL)
- Chemistry (CHEM)
- Computer Science (CSCI-N 200 or higher)
- Economics (ECON-E 375)
- Forensic and Investigation Science (FIS)
- Geography (GEOG-G 336, 337, 338, 436, 438, 439, 488)
- Geology (GEOL)
- Informatics (INFO-I 101)
- Kinesiology (KINE-P 391 and 409)
- Math (MATH-M 118 or higher)
- Physics (PHYS)
- Public Health (PBHL-B 300, 385, 430, 481; PBHL-E 322)
- Psychology (PSY-B 301, 320, 398)
Advanced Courses
Students are required to have 40 credit hours in 300-400 level coursework including courses in their major.
Quantitative Economics Major Requirements (32 credits)
- MATH-I 165: Analytic Geometry and Calculus I
- MATH-I 166: Analytic Geometry and Calculus II
- ECON-E 201: Introduction to Microeconomics
- ECON-E 202: Introduction to Macroeconomics
- ECON-E 270: Introduction to Statistical Theory in Economics
- ECON-E 321: Intermediate Microeconomic Theory
- ECON-E 322: Intermediate Macroeconomic Theory
- ECON-E 375: Introduction to Mathematical Economics
- ECON-E 470: Introduction to Econometrics
- Economics Elective (3 credits)
Open electives
Candidates for a degree in the IU School of Liberal Arts must complete the IU Indianapolis General Education Core requirements, the baccalaureate competencies, and the requirements of their major department. Usually, students will still need to complete additional hours in order to reach the graduation requirement of 120 credit hours. These remaining credit hours are known as open electives.
The Quantitative Economics BS is not eligible for Dual Degree Advantage.
