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Bachelor's Degree Programs

Major in Economics

Economics is the study of how people and societies determine how much to work both in the marketplace and at home, how much to spend, save, and invest. A major in economics supports the liberal arts tradition of promoting students' growth in critical thinking and developing an understanding of the world around them. Economics provides insight into how markets can function in coordinating the activities of many diverse buyers and sellers. It also indicates conditions which make it difficult for markets to function well without either governmental or nonprofit sector intervention.

Students completing the Economics B.A. program will achieve the following:

  • a wide variety of economic issues, will be able to determine when an issue is or is not essentially economic, and will be able to distinguish between the positive and normative aspects of economic issues and
  • the mathematical and statistical techniques that are widely used in economic analysis.
  • the complementary roles of the private sector and the government in the U.S. economy, and will have 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 economic models, can be used to help study economic phenomena, and will 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 Arts degree with a major in Economics (ECON) requires satisfactory completion of the following:

  • A minimum of 120 credit hours is required for a B.A. 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 26 credit hours must be completed after formal admission to IUPUI.
  • A minimum of 21 credit hours of major coursework must be completed in residence in the IU School of Liberal Arts at IUPUI. 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.
  • Choice of the General Track (33 major credits) or the Quantitative Track (32 major credits).
  • ECON-E 406 must be taken at IUPUI.

IUPUI General Education Core

A list of accepted courses in the IUPUI General Education Core can be found at http://go.iupui.edu/gened.

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 IUPUI from another public university in Indiana who have completed the transferable general education core at their home campus will not need to complete the IUPUI 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 IUPUI

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.

Analytical Proficiency (3 credits), chosen from the following: 

  • ECON-E 270: Introduction to Statistical Theory in Economics and Business
  • PHIL-P 208: Causality and Evidence
  • PHIL-P 265: Introduction to Symbolic Logic
  • PHIL-P 365: Intermediate Symbolic Logic
  • POLS-Y 205: Analyzing Politics  
  • SOC-R 359: Introduction to Sociological Stats

Analytical Proficiency is in addition to the Analytical Reasoning area in the IUPUI General Education Core. Analytical Proficiency courses may be shared with major requirements if applicable.

Life and Physical Sciences Laboratory

One laboratory science course is required, but may be part of the coursework taken in the IUPUI 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 (WOST) excluding WOST-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 (WOST)

World Language and Perspectives (0-14 credits) - This requirement may be satisfied in one of the following ways:

  1. Completion of second-year proficiency in a single world language.
    1. Second-year proficiency is demonstrated by:
      1. passing the full second-year sequence of courses in a single language or
      2. completing a third or fourth-year course1
  2. Completion of third-semester proficiency in a single world language and one course in History selected from HIST-H 108, HIST-H 109, HIST-H 113, or HIST-H 114.
  3. Completion of first-year proficiency in a single world language; one history course selected from HIST-H 108, HIST-H 109, HIST-H 113, or HIST-H 114; and one course selected from the Global History and Perspectives list:
    1. ANTH-A 104, Intro to Cultural Anthropology
    2. CLAS-C 213, Sport and Competition in the Ancient World
    3. EALC-E 232, China Past and Present: Culture in Continuing Evolution
    4. ENG-L 245, (The Empire Writes Back) Intro to Caribbean Literature
    5. GEOG-G 130, World Geography
    6. HIST-H 108, Perspectives on the World to 1800
    7. HIST-H 109, Perspectives on the World since 1800
    8. HIST-H 113, History of Western Civilization I 
    9. HIST-H 114, History of Western Civilization II
    10. INTL-I 100, Intro to International Studies
    11. LATS-L 228, An Interdisciplinary Look at U.S. Latino/a Identities
    12. POLS-Y 217, Introduction to Comparative Politics 
    13. POLS-Y 219, Introduction to International Relations
    14. REL-R 212, Comparative Religions
  4. Non-English native speaker with approved waiver.

Courses in World Language and Perspectives may also satisfy General Education Core Cultural Understanding. 

         1 Students interested in receiving credit for lower-division language courses, see the section ‘‘Special Credit for Foreign Language Study.’’

Advanced Courses

Students are required to have 42 credit hours in 300-400 level coursework including courses in their major. Of the 42 advanced credits, 9 credit hours must be 300-400 level coursework outside the first Liberal Arts major field of study and from the School of Liberal Arts. Students seeking dual degrees are exempt from completing 9 credits hours in 300-400 level coursework outside their major and from the School of Liberal Arts.


Major Requirements (32-33 credits)

  • ECON-E 201: Introduction to Microeconomics (3 credits)
  • ECON-E 202: Introduction to Macroeconomics (3 credits) (Prerequisite for this course is E 201.)
  • ECON-E 270: Introduction to Statistical Theory in Economics (3 credits)
  • ECON-E 321: Intermediate Microeconomic Theory (3 credits) (Prerequisite for this course is E 201.)
  • ECON-E 322: Intermediate Macroeconomic Theory (3 credits) (Prerequisite for this course is E 202.)
  • ECON-E 406: Senior Seminar (3 credits) (Prerequisites for this course are E 321 and E 322.)

With the exception of ECON-E 406, these classes should be completed by the end of the junior year.

Choose either the General Track or the Quantitative Track to complete a Major in Economics:

General Track – (33 credits); The general track requires an additional five courses, consisting of the following:

  • MATH-M 118: Finite Math
  • MATH-M 119: Brief Survey of Calculus

Economics electives (9 credits) from the following:

  • ECON-E 303: Introduction to International Economics
  • ECON-E 304: Introduction to Labor Economics
  • ECON-E 305: Money and Banking
  • ECON-E 307: Current Economic Issues
  • ECON-E 308: Public Finance
  • ECON-E 337: Economic Development
  • ECON-E 375: Mathematical Economics
  • ECON-E 408: Undergraduate Readings in Economics – Arranged
  • ECON-E 410: Economic History
  • ECON-E 420: History of Economic
  • ECON-E 470: Introduction to Econometrics

Quantitative Track – (32 credits); The quantitative track requires an additional four courses (or more, depending on the student’s readiness for the math sequence) consisting of the following:

  • MATH 16500: Analytic Geometry and Calculus I
  • MATH 16600: Analytic Geometry and Calculus II
  • ECON-E 470: Introduction to Econometrics

Economics electives (3 credits) from the electives list above (excluding ECON-E 470).

BA/MS in Applied Economics

The Economics Department is proposing to offer a five-year Dual BA/MS program, similar to those currently offered at IUPUI (for example the dual programs offered by Electrical and Computer Engineering and by Political Science).  These programs help in recruiting well-qualified undergraduates at IUPUI by giving them an opportunity to obtain an advanced degree with only one additional year of study.  In addition to potentially increasing enrollments in our Masters program, it gives our better undergraduate an incentive to take more challenging courses in their senior year. 

Program Requirements

Students in the dual program complete the 30 hours of coursework required by our current MS in Applied Economics, with one exception.  The standard MS student is required to take six hours of Applied Microeconomics, split over two courses: E581-E582.  The purpose of E581-E582 is to have the students develop a research project on a topic in applied economics.  In E581, students do the background reading and work needed to identify a well-defined research topic and draft a research proposal.  In E582 the students complete an initial draft of a research paper based on their proposal and present it in a seminar format.  The students in the Dual Program will start the research project in their senior seminar course, E406, and then refine the project in E582.  Thus, E406 will substitute for E581 for undergraduates beginning the dual program. 

Similar to the other 5 year programs on campus, there would be three courses (9 credits) that would overlap and count for both the BA and the MS.  The three courses are E406, discussed above, E504 (Mathematics for Economists), and E570 (Econometrics).  E504 is an advanced substitute for the undergraduate course E375 and E570 is an advanced substitute for the undergraduate course E470.  These three courses would all be taken in the student’s senior year.  Thus, if the student decides not to complete the MS, they would be taking no “extra” courses—all three courses would count toward their BA degree. 

Admission Requirements

The requirements for the BA/MS are the same as the requirements for students to gain admission to the MS program with two exceptions: a completed BA and GRE scores are not required.  Admissions will be based primarily on (1) performance in the core economics undergraduate economics courses (E201, E202, E270, E321, E322), (2) performance in Math 16500 (Calculus I) and (3) three letters of recommendation from instructors in the above undergraduate courses. 

Resource Requirements

The course schedule for the dual program is as follows. 

 5 Year BA/MS 

First Year/Senior Year

Fall                                                                             Spring

ECON-E 504: (Mathematics for Economists)      ECON-E 570: (Econometrics)                                                                                                 ECON-E 406 Senior Seminar

Second Year

Fall                                                                             Spring

ECON-E 511: (Microeconomic theory)              ECON-E 582: (Applied Microeconomics)
ECON-E 522: (Macroeconomic theory)             ECON-E583: (Applied Macroeconomics)
STAT 51600: (Probability)                               STAT 517: (Statistics)

Economics Courses

Open electives
Candidates for a degree in the IU School of Liberal Arts must complete the IUPUI 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.

Accelerated Second Degree: The Liberal Arts baccalaureate competencies are waived for undergraduate students whose first major is outside the School of Liberal Arts and whose second major is a Bachelor of Arts degree from the IU School of Liberal Arts at IUPUI. Students are only required to complete the courses in their major of choice in Liberal Arts. The IUPUI General Education Core or the Indiana transferable general education core must be successfully completed. Students must complete the degree outside Liberal Arts in order to have the Liberal Arts baccalaureate competencies waived for degree completion. The Liberal Arts baccalaureate competencies are only waived for students who actively pursue and complete another degree program outside of Liberal Arts.