Department of Economics

Economics Majors

The goal of undergraduate programs is to provide students with a basic understanding of economic theory, an appreciation for the methodology and purpose of economic research, and a firm grasp of economic institutions in an international context. The department contributes to achieving this goal in several ways: by providing a selection of degree plans and courses that allow to students to explore wide-ranging interests in economics; through its participation in interdisciplinary programs; and by providing a large service course component for first-year students.

The Department of Economics offers four separate undergraduate degree plans: B.A., B.S., B.S. with Management Information Systems, and B.S. with Financial Applications. While all four degrees share a common core curriculum – Principles of Microeconomics (ECO 1311), Principles of Macroeconomics (ECO 1312), Intermediate Microeconomics (ECO 3301), Intermediate Macroeconomics (ECO 3302) , introductory calculus (MATH 1309 or 1337), and basic statistics (STAT 2301, 2331, or 4340) – each of these degree programs contains a distinct bundling of economics and supplementary (accounting, computer science, etc.) courses and places a different emphasis on topics covered and skills developed. In addition to the several choices of degree plans, the department offers a wide variety of upper level economics classes (4000-level and above).

The Bachelor of Arts (B.A.) degree in economics is designed primarily for students who want a liberal arts education with an emphasis on economics but with great breadth. This degree consists of at least 30 hours in economics, of which no more than six hours may be in courses below the 3000 level. MATH 1309 or 1337 and STAT 2301 or 2331 or 4340 are required.

The Bachelor of Science (B.S.) degree in economics offers more specialized training in economics and provides a firm basis for graduate study in business, economics, or law. Students are required to take six hours of calculus (MATH 1337 and 1338); three hours in statistics (STAT 2301, 2331, or 4340); 36 hours in economics, of which at least six hours must be at the 5000 or above level; and a higher proportion of advanced economics course than is required for the B.A. degree.

The B.S. with Management Information Applications (B.S.M.I.A.) degree combines specialized training in economics, econometrics and management information in areas important to the study of big data.  This degree requires 21 hours in advanced economics course with at least 2 courses in the Econometrics field (one of which must be ECO 5350 while the other choices are ECO 5375,5380,5385,6352).  The students must also complete EMIS 1360, 2360, 3360, 3340(or CSE/STAT 4340). 

The B.S. with Financial Applications (B.S.F.A.) degree combines specialized training in economics with concentration in areas significant to financial markets. Students are required to take three hours of calculus (MATH 1309 or 1337); three hours in statistics (STAT 2301, 2331, or 4340); three hours of accounting (ACCT 2301); three hours of computer science and/or operations research (CSE 1340 or 1341 or ITOM 3306); and 39 hours in economics, of which at least six hours must be at the 5000 or above level and nine hours must be satisfied by ECO 3355, 4368, and 4378. 

Scholarly and creative achievement is encouraged through independent study and readings courses, academic internships, and the Departmental Distinction program.  Departmental Distinction program requires an independent research paper and presentation as well as and an additional advanced course. The Department also selects outstanding seniors each year to receive various awards for outstanding classroom performance and service to fellow students.  For example, each year a student with especially strong research skills is invited to submit a paper to the Dallas Economists' Club Outstanding Student competition.

Minor: Students who choose to minor in Economics are required to take 18 hours, six hours in addition to the economics core. MATH 1309 or 1337 and STAT 2301 or 2331 or 4340 are required. Economics 3355 does not count towards advanced hours for the Minor. Students can choose to designate a specialization for their minor by taking two advanced courses in the same field (for example labor economics).  

Interdisciplinary Programs: The Department participates in the B.A. in Public Policy in conjunction with the Department of Political Science.  The degree is designed to provide students with the analytical skills and institutional knowledge to understand contemporary social issues.  It is useful as preparation for work as an analyst in government and business and as preparation for postgraduate study in law, public policy, and the social sciences.  This degree requires at least 15 hours of economics, with at least six hours at the 4000 level and above.  Originally administered by the Department this degree is currently being administered by the Political Science Department. The Department is also an important contributor to the International Studies Major and the Markets and Culture Major. Students in these majors will typically take at least nine hours of economics.

 

Courses Term Hours Required
B.A. B.S. B.S.M.I.A. B.S.F.A.
ECO CORE (1311, 1312, 3301, 3302) 12 12 12 12
Advanced Economics* 18a 24a,b 21a,b 18a,b
MATH (Calculus) 3c 6c 6c 3c
STAT 2301 or 2331 or 4340 3d 3d 3d 3d
ACCT 2301 0 0 0 3
CSE 1340/1341 or ITOM 3306 0 0 0 3j
CSE 1341 and 1342 0 0 6 0
EMIS 1360, 2360, and 3360  0 0 9e 0
ECO 3355 0 0 0 3f,i
ECO 4368 0 0 0 3g,i
ECO 4378 0 0 0 3h,i

TOTAL

36

45

57 

51

For Economics Majors advanced economics courses are defined as ECO 3355 and any economics course at the 4000- or 5000-level.

a. At most two of the following courses can be used toward the advanced economics requirement: ECO 4390, 4395-97, 4398, and 4399.

b. Must include at least six hours at the 5000 or above level. At least one of the approved fields listed must be completed by the advanced economics courses selected. For BSMIA, Econometrics Subfield, including ECO 5350 and one of ECO 5375/5380/5385/6352.

c. For B.A., either MATH 1309 or MATH 1337. For B.S., MATH 1309 or 1337 and MATH 1338. For B.S.M.I.A., MATH 1337 and 1338. For B.S.F.A., either MATH 1309 or MATH 1337.

d. Business majors may use ITOM 2305 as a substitute for STAT 2301 or 2331 or 4340. For BSMIA, STAT/CSE 4340 or EMIS 3340.

e. In order to enroll in the EMIS classes, the student must complete MATH 1337, Math 1338, DISC 1312/2305, DISC 1313/2306, CSE 1341, and CSE 1342 with a C or better.

f. FINA 3330 can be used as a substitute for ECO 3355

g. FINA 3320 can be used as a substitute for ECO 4368. FINA 3310 cannot substitute for ECO 4368.

h. FINA 4326 can be used as a substitute for ECO 4378

i. Students with a double major in Economics and Business must take FINA 3320 (instead of ECO 4368). If the business major is in Finance or Financial Consulting, they must take FINA 4326 (instead of ECO 4378). All other double majors are strongly advised to take FINA 3330 (instead of ECO 3355) and FINA 4326 (instead of ECO 4378) in order to minimize the number of additional classes outside of Economics and Business they have to take to comply with the 50% rule imposed by the Cox School of Business.

j. Business Majors may use ITOM 3306 as a substitute for CSE 1340 or 1341

Note: FINA courses are only open to students who have declared a major or minor in business administration.