For information about this major, see the "Department of Management" section of this chapter.

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Course prefix: Econ

The Department of Economics is part of the Andrew Young School of Policy Studies. For economics faculty listing, see the Department of Economics heading in the "Andrew Young School of Policy Studies" chapter of this catalog.

Economics examines the material prosperity of countries and their citizens in an interdependent world of limited resources and technological change. In doing so, it studies how decisions are made by private businesses, governments, and households in producing, consuming, and distributing goods. In general, economics is concerned with how society can obtain the greatest output from its limited resources. Economics is also concerned with monetary arrangements and their impact upon purchasing power and economic performance.

Economic principles yield basic insights into the workings of the market system and the national and international environment within which business operates. These principles provide analysis that is fundamental to understanding the organization and decisions of the government, business, and financial sectors. Economics also develops criteria for assessing the performance of the market systems and of governments regarding their efficiency and their impact upon the well being of consumers and workers.

Majors in economics may pursue careers in many areas, some of which are listed below along with courses applicable to the career choice.

Required Major Courses: Econ 3900, 39 10, and five other 3000/4000-level economics courses that meet the criteria given below. Econ 3900 and 3910 provide theoretical background for 4000-level courses and should be taken as soon as possible.

Criteria for Major Courses: Economics majors must contact a B.B.A. faculty adviser in the department to discuss their selection of major courses and to file a program plan. A copy of this plan will be sent to the RCB Office of Academic Assistance to use in preparing evaluations of credit and graduation audits.

At least 12 semester hours (four courses) must be chosen from the following four groups, distributed so that three courses come from different groups. Before choosing courses, students should consult the career guidelines that follow. Not all courses are available each year as both day and evening offerings. The departmental adviser can give students the two?year cycle of course offerings.

Career-Related Courses: Students who plan to have a career or pursue graduate work that uses economics should consider these courses. The listings are suggestions for broad categories and do not exclude other offerings. These suggestions do not replace advisement or override any B.B.A. degree requirements regarding choices of major or elective courses.

Business: Econ 3500, 3950, 4300, 4470, 4800, 4810, 4960.
Local, State, or Federal Government: Econ 3500, 3950, 4300,4400,4470. Foreign Service or International Business: Econ 3500, 4600, 4800,4810.
Pre-Law: Econ 3500, 4470, 4680, 4800, 4810, 4960.
Graduate Studies in Economics: Econ 3950, 4930.
Graduate Studies in Business: Econ 3500, 3950, 4470, 4810, 4930,4960. Graduate Studies in Human Resource Management: Econ 4470,4960.
Graduate Studies in the Social Sciences: Econ 4080, 4390, 4600,4680.