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Economics, Bachelor of Science (B.S.) [College of Humanities and Sciences]

Special requirements

The curriculum for a Bachelor of Science in Economics requires a minimum of 120 credits, with at least 33 of those credits in the major.

Students must complete MATH 141 Algebra with Applications or a higher level mathematics course and three credits in STAT 210 Basic Practice of Statistics or a higher level statistics class. Juniors, seniors and graduate students who have completed baccalaureate degrees are eligible for enrollment in most upper-level (300- to 400-level) economics and business courses.

Economics is the science of human choice, the study of how scarce resources are allocated among competing uses to satisfy human wants. Since many choices analyzed are made by or affect business decision-makers, economics is a unique blend of liberal arts and business. Therefore, the Department of Economics offers a Bachelor of Science in Economics conferred by the College of Humanities and Sciences with a core of liberal arts courses. The department also offers a Bachelor of Science in Economics conferred by the School of Business with a core of business courses.

Economics teaches students how to analyze data and information and how to think strategically about business decision-making. Because of their broad analytical, quantitative and decision-making skills, students who major in economics are sought for a wide array of positions in management and sales. For example, firms hire economics majors as bank examiners, consultants, financial advisers, managers and sales personnel. Economics is excellent preparation for almost any job with the word “analyst” in its title — such as business, credit, economic, financial, market research or risk analyst. A degree in economics also is excellent preparation for entrepreneurship or for graduate studies in business, law or medicine.

Economics majors are strongly encouraged to take additional courses in statistics and mathematics, especially if they intend to pursue either careers as practicing economists or graduate study in economics or business. Recommended mathematics courses include one or more of the following courses: MATH 151 Precalculus Mathematics, MATH 200 Calculus with Analytical Geometry, MGMT 171 Mathematical Applications for Business or MGMT 212 Differential Calculus and Optimization for Business. Recommended statistics courses include one or more of the following courses: ECON 501 Introduction to Econometrics, MGMT 302 Business Statistics II or STAT 314 Applications of Statistics. Students should consult with their advisers to determine which of these courses fit their particular interests and backgrounds.

In selecting approved electives to meet the general requirements of the College of Humanities and Sciences, students should select courses related to the economics major — specifically, courses in accounting, mathematics and statistics, philosophy, history, political science, sociology, anthropology and finance. Students should focus their electives on one or two of these subjects.

Degree requirements for Economics, Bachelor of Science (B.S.)

Learning outcomes

Upon completing this program, students will know and know how to do the following:

  • Understand basic principles of economics
  • Develop analytical and critical-thinking skills
  • Develop oral and written communication skills
  • Develop ability to obtain and interpret economic data
General Education requirements (32-46 credits) Credits
University Core Education Curriculum (minimum 21 credits)
UNIV 111 Focused Inquiry I 3
UNIV 112 Focused Inquiry II 3
UNIV 200 Inquiry and the Craft of Argument 3
Approved humanities/fine arts 3
Approved natural/physical sciences 3-4
Approved quantitative literacy 3-4
Approved social/behavioral sciences 3-4
   
Additional College of Humanities and Sciences requirements (11-23 credits)  
HUMS 202 Choices in a Consumer Society 1
Approved H&S diverse and global communities 3
Approved H&S general education electives 6-8
Approved H&S human, social and political behavior (fulfills University Core social/behavioral sciences)  
Approved H&S literature and civilization (fulfills University Core humanities/fine arts)  
Approved H&S science and technology (fulfills University Core natural/physical sciences)  
Experiential fine arts (course offered by the School of the Arts) 1-3
Foreign language through the 102 level (by course or placement) 0-8
   
Collateral requirements (3 credits)  
MATH 141 Algebra with Applications (fulfills quantitative literacy)  
STAT 210 Basic Practice of Statistics (or a higher level statistics course) 3
   
Major requirements (33 credits)  
ECON 210, 211 Principles of Economics 6
ECON 301 Microeconomic Theory 3
ECON 302 Macroeconomic Theory 3
ECON 307 Money and Banking 3
ECON 431 Labor Economics (capstone) 3
ECON electives (300- or 400-level) 15
   
Open electives (38-52 credits)  
Open electives 38-52
   
Total minimum requirement 120

Click here to download a sample outline. [PDF]

 

 

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Virginia Commonwealth University
Richmond, Virginia
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Last update: 7/2/2013

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