Undergraduate Degree - Economics - Bachelor of Science

Program:
Economics - Bachelor of Science
Program Code:
4731 Economics
Program Level:
Undergraduate
Award Type:
Bachelor of Science
Start Term:
SS02
Department:
Department of Economics
Relevant Excerpt(s) from Academic Programs:


Excerpt from the official Academic Programs Catalog:

Listed below are the approved requirements for the program from the official Academic Programs Catalog.
Students must consult their advisors to learn which specific requirements apply to their degree programs.
Following this section are the requirements as represented in Degree Navigator, MSU's online advising tool. The Degree Navigator section is only available for programs using Degree Navigator for degree certification.

College of Social Science

Department of Economics

Undergraduate Programs
Economics - Bachelor of Science

The Bachelor of Science Degree in Economics emphasizes the use of advanced math and science in the analysis of economic theories. The program offers students more emphasis on mathematics, statistics, and computer science, as preparation for those who wish to pursue graduate training in economics.

Requirements for the Bachelor of Science Degree in Economics

  1. The graduation requirements of the University as described in the Undergraduate Education section of this catalog; 120 credits, including general elective credits, are required for the Bachelor of Science degree in Economics.

    The University's Mathematics requirement for the Bachelor of Science degree in Economics is met by completing Mathematics 132, or 152H.

    The University’s Tier II writing requirement for the Economics major is met by completing one of the following courses: Economics 406, 410, 412, 413, 414, 425, 435, 436, 438, 440, 441, 450, 460, 480, 485, 495, 498, or 499. Those courses are referenced in item 3. c. below.
     
  2. The requirements of the College of Social Science for the Bachelor of Science degree.

    Students pursuing the Bachelor of Science Degree in Economics are required to complete a minimum of 15 credits from the following courses for the College of Social Science NATURAL SCIENCE REQUIREMENT, including Mathematics 133 or 153H and one of the designated statistics courses.
    CSE 231 Introduction to Programming I 4
    MTH 133 Calculus II 4
    MTH 153H Honors Calculus II 4
    MTH 234 Multivariable Calculus 4
    MTH 235 Differential Equations 3
    MTH 254H Honors Multivariable Calculus 4
    MTH 299 Transitions 4
    MTH 309 Linear Algebra I 3
    MTH 310 Abstract Algebra I and Number Theory 3
    MTH 314 Matrix Algebra with Applications 3
    MTH 320 Analysis I 3
    MTH 340 Ordinary Differential Equations I 3
    STT 441 Probability and Statistics I: Probability 3
    STT 442 Probability and Statistics II: Statistics 3
    STT 461 Computations in Probability and Statistics 3
    Mathematics 133 or 153H and Mathematics 234 or 254H and Mathematics 235 may be applied toward the College of Social Science NATURAL SCIENCE REQUIREMENT. Upon prior approval by the department, other courses may be substituted in fulfillment of the College of Social Science NATURAL SCIENCE REQUIREMENT.
  3. The following requirements for the major (30 credits):
    Students may elect to complete more economics courses than those needed to complete the requirements for the major, with the understanding that the grades earned in such courses will be included in the computation of the grade-point average for courses in the major to meet College of Social Science graduation requirements. In order to be eligible to enroll in Economics 499, as referenced in item 3. c. below, students must have a grade-point average of 2.0 in all attempted Economics courses.
    a. All of the following courses in the Department of Economics (15 credits):
    EC 201 Introduction to Microeconomics 3
    EC 202 Introduction to Macroeconomics 3
    EC 301 Intermediate Microeconomics 3
    EC 302 Intermediate Macroeconomics 3
    EC 420 Introduction to Econometric Methods 3
    A minimum grade of 2.0 must be achieved in both Economics 201 and 202. A maximum of one course repeat (3 credits) may be used to satisfy the 2.0 grade requirement.
     
    Economics 251H may be substituted for Economics 201 and 301. Students who elect this substitution, and who do not take Economics 252H, may satisfy the requirement referenced in item 3. f. by completing at least 2 to 3 credits in Economics courses at the 300-400 level, in addition to the 9 credits referenced in item 3. f.
     
    Economics 252H may be substituted for Economics 202 and 302. Students who elect this substitution, and who do not take Economics 251H, may satisfy the requirement referenced in item 3. f. by completing at least 3 credits in Economics courses at the 300-400 level, in addition to the credits referenced in item 3. f.
     
    Economics 251H and 252H may be substituted for the following group of courses: Economics 201, 202, 301, and 302. Students who elect this substitution may satisfy the requirement referenced in item 3. f. by completing at least 5 to 6 credits in two Economics courses at the 300-400 level, in addition to the credits referenced in item 3. f.
     
    Students who elect to use Economics 251H as a substitute for Economics 201 and/or Economics 252H as a substitute for Economics 202 must achieve a minimum grade of 2.0 in the course substitute. A maximum of one course repeat (3 credits) may be used to satisfy the 2.0 grade requirement. 
     
    b. One of the following courses in the international area (3 credits):
    EC 306 Comparative Economic Systems 3
    EC 310 Economics of Developing Countries 3
    EC 340 Survey of International Economics 3
    EC 406 Economic Analysis of Russia and the Commonwealth of Independent States (W) 3
    EC 410 Issues in the Economics of Developing Countries (W) 3
    EC 412 Economic Analysis of Latin America (W) 3
    EC 413 Economic Analysis of Asia (W) 3
    EC 414 Economic Analysis of Sub-Saharan Africa (W) 3
    EC 440 International Trade (W) 3
    EC 441 International Finance (W) 3
    c. One of the following courses (3 credits):
    EC 406 Economic Analysis of Russia and the Commonwealth of Independent States (W) 3
    EC 410 Issues in the Economics of Developing Countries (W) 3
    EC 412 Economic Analysis of Latin America (W) 3
    EC 413 Economic Analysis of Asia (W) 3
    EC 414 Economic Analysis of Sub-Saharan Africa (W) 3
    EC 425 Law and Economics (W) 3
    EC 435 Public Expenditures (W) 3
    EC 436 Public Revenues (W) 3
    EC 438 Urban Economics (W) 3
    EC 440 International Trade (W) 3
    EC 441 International Finance (W) 3
    EC 450 Economics of Environmental Policy (W) 3
    EC 460 American Industry: Structure and Behavior (W) 3
    EC 480 Analysis of Labor Markets (W) 3
    EC 485 Economics of Education (W) 3
    EC 495 Economics of Poverty and Income Distribution (W) 3
    EC 498 Economics of Health Care (W) 3
    EC 499 Senior Seminar for Economics Majors (W) 3
    Courses used to fulfill requirement 3. b. above may not be used to fulfill this requirement.
    d. One of the following courses (3 credits):
    EC 401 Advanced Microeconomics 3
    EC 402 Advanced Macroeconomics 3
    e. One of the following courses (3 credits):
    EC 421 Advanced Econometric Methods 3
    EC 499 Senior Seminar for Economics Majors (W) 3
    EC 499 may not be used to fulfill this requirement if used to fulfill requirement 3. c. above.
    f. Three to six additional elective credits in economics courses to total at least 30 credits in Economics courses in the major. No more than 3 credits may be at the 300-level or below.
    In addition to the requirements for the major, students may elect to complete a  cognate in business. The requirements for the cognate are met by completing four of the following courses (12 credits):
    ACC 230 Survey of Accounting Concepts 3
    FI 320 Introduction to Finance 3
    GBL 323 Introduction to Business Law 3
    MGT 325 Management Skills and Processes 3
    MKT 327 Introduction to Marketing 3
    Students may substitute Accounting 201 and 202 for Accounting 230.


Degree Requirements from Degree Navigator.

NOTE: Degree Navigator is an advising tool only and should not be viewed as a contract with the student. Any questions about the requirements should be directed to an academic advisor.


Economics, BS (4731)

Required Credits: 120    Program Version: FS17

Requirement 1: University Tier I Writing
University Tier I Writing: 1 course from WRA101, WRA195H, LB133, MC111, MC112, RCAH111

Requirement 2: University Mathematics
University Mathematics: The required number of courses from 1 of the following sets of courses
MTH2: 1 course
At least 1 course from LB118, MTH110, MTH116, MTHRQMT, MTHWAIV1, MTHWAIV2, Mathematics Pre-Matriculation, Mathematics Post-Matriculation
MTH1: 2 courses
At least 1 course from MTH103, MTH103WAIV
At least 1 course from MTH112, MTH114, MTH124, MTH132, MTH152H, MTH201, STT200, STT201
MTH3: 2 courses
At least 2 courses from MTH103, MTH101, MTH102
Conditions:
University Mathematics: No credits from Excluded University Mathematics Courses in Requirement(s) 2

Requirement 3: University IAH201 - IAH210
University IAH201 - IAH210: 4 credits from IAH201, IAH202, IAH203, IAH204, IAH205, IAH206, IAH207, IAH208, IAH209, IAH210, RCAH201, ANY IAH BELOW 211

Requirement 4: University IAH211 or higher
University IAH211 or higher: 4 credits from IAH211A, IAH211B, IAH211C, IAH211D, IAH221A, IAH221B, IAH221C, IAH231A, IAH231B, IAH231C, IAH241A, IAH241B, IAH241C, IAH241D, IAH241E, IAH241F, IAH241G, RCAH202, TRANSFER IAH, ANY IAH211 OR HIGHER, approved LB courses

Requirement 5: University ISS200 Series
University ISS200 Series: 4 credits from ISS210, ISS215, ISS220, ISS225, ISS230, ISS235, MC201, TRANSFER ISS 200 LEVEL, ANY ISS 200 LEVEL
Conditions:
University ISS200 Series: No credits from Economics courses in Requirement(s) 5

Requirement 6: University ISS300 Series
University ISS300 Series: 4 credits from ISS305, ISS308, ISS310, ISS315, ISS318, ISS320, ISS325, ISS327, ISS328, ISS330A, ISS330B, ISS330C, ISS335, ISS336, MC202, ANY ISS 300 LEVEL, approved LB courses

Requirement 7: University ISB
University ISB: 3 credits from ISB200, ISB201, ISB202, ISB204, TRANSFER ISB, ISB ALTERNATIVE TRACK, ANY 3 CREDIT ISB COURSE

Requirement 8: University ISP
University ISP: 3 credits from ISP203A, ISP203B, ISP205, ISP207, ISP209, ISP213H, ISP215, ISP217, ISP220, ISP221, TRANSFER ISP, ISP ALTERNATIVE TRACK, ANY 3 CREDIT ISP COURSE

Requirement 9: University Laboratory Experience
University Laboratory Experience: The required number of credits from 1 of the following sets of courses
Univ Lab: 2 credits
At least 2 credits from ISB201L, ISB208L, ISP203L, ISP205L, ISP207L, ISP209L, ISP217L, ANY 2 CREDIT ISB/ISP LAB, LAB EXPERIENCE ALTERNATIVE TRACK, TRANSFER LAB
Alternative: 2 credits
At least 1 credit from ISB201L, ISB208L, ISP203L, ISP205L, ISP207L, ISP209L, ISP217L, ANY 2 CREDIT ISB/ISP LAB, LAB EXPERIENCE ALTERNATIVE TRACK, TRANSFER LAB
At least 1 credit from an Alternative Track Lab credit

Requirement 10: University Diversity Distribution
University Diversity Distribution: A total 2 courses
At least 1 course from NationalIAH or ISS courses emphasizing national diversity or both national diversity and international and multicultural diversity
At least 1 course from InternationalIAH or ISS courses emphasizing international and multicultural diversity or both national diversity and international and multicultural diversity
Conditions:
University Diversity Distribution: No more than 1 course from IAH or ISS emphasizing both national diversity and international and multicultural diversity in Requirement(s) 10

Requirement 11: Major - Economics - Microeconomics
Major - Economics - Microeconomics: The required number of courses from 1 of the following sets of courses
2 courses from EC201, EC301
2 courses from EC251H, Economics course at the 300400 level
Conditions:
Major - Economics - Microeconomics: No more than 1 course from Economics course at the 300 - 400 level in Requirement(s) 11
Major - Economics - EC201 and EC202 Grade Requirement: A minimum grade of 2.0 for EC201, EC202, EC251H, EC252H in Requirement(s) 11, 12

Requirement 12: Major - Economics - Macroeconomics
Major - Economics - Macroeconomics: The required number of courses from 1 of the following sets of courses
2 courses from EC202, EC302
2 courses from EC252H, Economics course at the 300400 level
Conditions:
Major - Economics - Macroeconomics: No more than 1 course from Economics course at the 300 - 400 level in Requirement(s) 12
Major - Economics - EC201 and EC202 Grade Requirement: A minimum grade of 2.0 for EC201, EC202, EC251H, EC252H in Requirement(s) 11, 12

Requirement 13: Major - Economics - Introduction to Econometric Methods
Major - Economics - Introduction to Econometric Methods: 1 course from EC420

Requirement 14: Major - Economics - International
Major - Economics - International: 1 course from EC306, EC310, EC340, EC406, EC410, EC412, EC413, EC414, EC440, EC441

Requirement 15: Major - Economics - Tier II Writing
Major - Economics - Tier II Writing: 1 course from EC406, EC410, EC412, EC413, EC414, EC425, EC435, EC436, EC440, EC441, EC450, EC460, EC480, EC485, EC495, EC498, EC499, EC438

Requirement 16: Major - Economics - Advanced Microeconomics or Macroeconomics
Major - Economics - Advanced Microeconomics or Macroeconomics: 1 course from EC401, EC402

Requirement 17: Major - Economics - Advanced Methods or Senior Seminar
Major - Economics - Advanced Methods or Senior Seminar: 1 course from EC421, EC499

Requirement 18: Major - Economics - 400 Level
Major - Economics - 400 Level: 6 credits from Economics courses at the 400 level.

Requirement 19: Major - Economics - Elective
Major - Economics - Elective: 3 credits from Economics course at the 300 - 400 level

Requirement 20: Major - Economics - Calculus
Major - Economics - Calculus: 1 course from MTH132, MTH152H

Requirement 21: Major Distribution
Major Distribution: 30 credits from Economics courses to meet the requirement of at least 30 credits.

Requirement 22: Major - Economics - Stem Requirement
Major - Economics - Stem Requirement: 15 credits from CSE231, MTH133, MTH153H, MTH234, MTH235, MTH254H, MTH255H, MTH309, MTH310, MTH314, MTH320, MTH340, STT441, STT442, STT461

Requirement 23: Major - Economics - Business Emphasis
Major - Economics - Business Emphasis: 0 courses from FI320, ACC230, GBL323, MGT325, MKT327

Requirement 24: College Distribution
College Distribution: 30 credits from courses at the 300 level and above.

Requirement 25: College - Social Science - Experiential Learning
College - Social Science - Experiential Learning: 1 course from an experiential learning course of 3 - 4 credits as approved by the College of Social Science.

Requirement 26: College - Social Science - Interdisciplinary Minor
College - Social Science - Interdisciplinary Minor: 15 credits from an interdisciplinary minor as approved by the College of Social Science.

Requirement 27: College - Social Science - STEM
College - Social Science - STEM: 12 credits from Science, Technology, Engineering, or Mathematics courses as approved by the College of Social Science.

Requirement 28: College - Social Science - Arts and Humanities
College - Social Science - Arts and Humanities: 6 credits from Arts and Humanities courses as approved by the College of Social Science.

Requirement 29: Electives
Electives: 0 credits from Electives at Michigan State University and transfer coursework. This number can change based on the credits of the coursework taken to fulfill University, College, and Major requirements. Please contact your academic advisor with any questions.

Requirement 30: University Residency
University Residency: 30 credits from MSU coursework, 27 credits from MSU courses taken after reaching junior standing, 20 credits from courses offered by MSU while admitted to major & 20 of the last 30 credits must be MSU courses. Please see academic advisor.