Why study economics?

Because it will give you the tools you need to understand our increasingly interconnected world.

Economics Majors

The economics department offers 3 degrees.

  • The Bachelor of Science degree in economics is designed for the student interested in going to graduate school in economics or a closely related field. It requires the minimum amount of preparation in economics and mathematics required to be successful in graduate study. Students interested in pursuing a Ph.D. in economics are strongly urged to double major in economics and mathematics.
  • The B.A. or B.G.S. major in economics is designed for the majority of students who will go on to professional graduate schools or into the work force.

First- and Second-Year Preparation

Economics Prerequisite or Co-Requisite Knowledge

Majors must complete courses as specified in each of the following two areas. These hours do not contribute to the minimum number of hours required for the major.

College Algebra or Pre-Calculus (18)
Satisfied by:
MATH 101College Algebra3
or MATH 104 Precalculus Mathematics
Calculus I (4)
Satisfied by:
MATH 125Calculus I4
(Students may Complete MATH 115 and MATH 116 prior to completing MATH 126)
Calculus II (4)
Satisfied by:
MATH 126Calculus II4
(Open for only 2 hours credit to students with credit in MATH 116.)
Calculus III (4)
Satisfied by:
MATH 127Calculus III4
OR
MATH 223Vector Calculus3
Elementary Linear Algebra (2)
MATH 290Elementary Linear Algebra2
or MATH 291 Elementary Linear Algebra, Honors
Statistics (3)
Satisfied by:
MATH 526Applied Mathematical Statistics I3
or DSCI 202 Statistics

Economics General Education Requirements

In addition to degree and major requirements, all students must complete the KU Core.

Requirements for the B.S. Degree

Economics Core Knowledge and Skills (18)
Majors must complete a course in each of the five following areas:
Principles of Microeconomics. Satisfied by:
ECON 142Principles of Microeconomics3
or ECON 143 Principles of Microeconomics, Honors
Principles of Macroeconomics. Satisfied by:
ECON 144Principles of Macroeconomics3
or ECON 145 Principles of Macroeconomics, Honors
Microeconomics. Satisfied by:
ECON 520Microeconomics3
or ECON 521 Microeconomics Honors
Macroeconomics. Satisfied by:
ECON 522Macroeconomics3
or ECON 523 Macroeconomics Honors
Survey of Microeconomics. Satisfied by:
ECON 700Survey of Microeconomics 13
Introduction to Econometrics. Satisfied by:
ECON 715Elementary Econometrics 13
Economics Required Electives (18)
Majors must complete 6 courses (18 hours) in economics outside of the core courses at the 500-level or above. 18
 
1

ECON 700 and  ECON 715 are offered only in the fall semester

Major Hours & Major GPA

While completing all required courses, majors must also meet each of the following hour and grade-point average minimum standards:

Major Hours
Satisfied by 36 hours of major courses.

Major Hours in Residence
Satisfied by a minimum of 15 hours of KU resident credit in the major. (At least 3 of the required elective courses must be taken from the KU Department of Economics.)

Major Junior/Senior Hours
Satisfied by a minimum of 24 hours from junior/senior courses (300+) in the major. (At least 9 hours of the required elective courses must be taken from the KU Department of Economics.)

Major Junior/Senior Graduation GPA
Satisfied by a minimum of a 2.0 KU GPA in junior/senior courses (300+) in the major. GPA calculations include all junior/senior courses in the field of study including F’s and repeated courses. See the Semester/Cumulative GPA Calculator.

 

Below is a sample 4-year plan for students pursuing the BS in Economics. To view the list of courses approved to fulfill KU Core Goals, please visit the KU Core website.

Freshman
FallHoursSpringHours
ENGL 101 (Goal 2.1 Written Communication, First Course, 2 Crs Required, Economics General Ed. Req.)3ENGL 102 (Goal 2.1 Written Communication, Second Course, 2 Crs Required, Economics General Ed. Req.) 3
MATH 104 (Goal 1.2 Quantitative Literacy, Major Pre-Requisite)5Goal 2.2 Communication3
Goal 3 Humanities (Economics General Education Requirement)13Social Science (SI or SC: Economics General Education Requirement)33
Goal 3 Natural Science (Economics General Education Requirement)23MATH 125 or 145 (Goal 1.2, Major Pre-Requisite)4
 ECON 142 or 143 (Goal 3 Social Science, Social Science SF, Major Requirement)33
 14 16
Sophomore
FallHoursSpringHours
HUM 204 or 114 (Goal 1.1 Critical Thinking or Goal 4.2 Global Awareness, Economics General Ed. Req.)3Goal 4.1 US Diversity3
ENGL 203, 205, 209, 210, or 211 (Economics General Education Requirement)3HUM 205 or 115 (Goal 1.1 Critical Thinking or Goal 4.2 Global Awareness, Economics General Ed. Req.)3
Humanities (Economics General Education Requirement)13MATH 127 or 147 (Major Pre-requisite)4
MATH 126 or 146 (Major Pre-Requisite)4MATH 290 (Major Pre-requisite) 2
ECON 144 or 145 (Goal 3 Social Science, SF: Economics General Education Requirement, Major Requirement)33ECON 520 or 521 (Major Requirement)3
 16 15
Junior
FallHoursSpringHours
Natural Science & Mathematics (Economics General Education Requirement)23Goal 5 Social Responsibility and Ethics3
MATH 526 or DSCI 202 (Major Pre-requisite) 3Natural Science & Mathematics (Economics General Education Requirement)23
ECON 522 or 523 (Major Requirement)3Humanities (Economics General Education Requirement)13
Elective #300+ (Total Hours)3ECON Elective 500+43
Elective (Total Hours)2ECON Elective 500+43
 14 15
Senior
FallHoursSpringHours
ECON Elective 500+ (Major Requirement)43ECON 496 or 497 (or other Goal 6 Integration & Creativity)3
ECON Elective 500+ (Major Requirement)43Social Science 300+ (Economics General Ed. Req.)33
ECON 700 (Major Requirement)53ECON Elective 500+ (Major Reqiurement)43
ECON 715 (Major Requirement)53ECON Elective 500+ (Major Reqiurement)43
Elective 300+ (Total Hours)3Elective (#300+ if needed, Total Hours)3
 15 15
Total Hours: 120
1

Satisfied by completing 3 courses in each of the following categories: historical studies (requirement code HT), literature and the arts (requirement code HL), and philosophy and religion (requirement code HR).

2

Satisfied by completing 1 course in 3 of the 4 requirement codes: biological sciences (requirement code NB), earth sciences (requirement code NE), mathematical sciences (requirement code NM), and physical sciences (requirement code NP).

3

Satisfied by completing 3 courses in each of the following categories: individual behavior (requirement code SI), culture and society (requirement code SC), or public affairs (requirement code SF). 

4

The department requires 6 electives for the BS degree; at least 4 courses must be 600+.

5

ECON 700 and ECON 715 are only offered in the fall semester.

Please note:

All students in the College of Liberal Arts and Sciences are required to complete 120 total hours of which 45 hours must be at the Jr/Sr (300+) level.

The same course cannot be used to fulfill more than one KU Core Goal. However, overlap of a KU Core course with a major or degree-specific requirement is allowed. Overlapping is recommended to allow more opportunities to explore other majors and/or minors.

Departmental Honors

Graduation with honors in economics is limited to undergraduate majors who have fulfilled these requirements:

  1. Completed all economics major requirements and achieved a grade-point average of 3.5 or above in all economics courses and an overall average of 3.25 or above at the time of graduation.
  2. Completed ECON 497 Senior Research Honors.
  3. Submitted and defended a research paper before at least 3 faculty members of the Department of Economics.

Honors candidates should consult the department honors coordinator before enrolling the first semester of the senior year and file a declaration of intent form with the coordinator at that time.