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B.S. in Economics
The Bachelor of Science in Economics provides students with the foundations of theoretical and applied economics. Students are prepared to work immediately after graduation in business, government and finance, or to pursue graduate studies in economics, business, law, public administration, international relations, and related fields.
To graduate, a student must complete at least 92 credits as follows: 12 credit hours from the Business core requirements, 10 credit hours in Quantitative requirements, 12 credit hours in Economics requirements, 18 credit hours from the Economics elective courses, in addition to 34 credit hours in Liberal Arts Core and Elective courses (inclusive of ECO201 and ECO202), and 12 credit hours as free electives.
Plan of Study
Business Requirements (12 credits)
|ECO340||Economics of Organizations and Management||3|
|MKT201||Introduction to Marketing||3|
Quantitative Requirements (10 credits)
|ECO304||Mathematical Methods for Economics||3|
Economics Requirements (12 credits)
Economics Electives (18 credits)
3 credits from:
|ECO344||Economics, Ethics and Philosophy||3|
|ECO346||Foundations of Political Economy||3|
And 3 credits from:
|ECO333||Comparative Economic Systems||3|
And 12 credits from the following courses:
|ECO320||Environmental, Resource and Energy Economics||3|
|ECO420||Monetary Theory and Policy||3|
|ECO402||Special Topics in Economics||3|
|ECO342||Labor and Human Resource Economics||3|
Liberal Arts Core Requirements (13 credits)
|ENG203||Fundamentals of Oral Communication||3|
Liberal Arts (LA) Electives (15 credits)
|Science and Quantitative||3|
Free Electives (12 credits)1,2,3
1 Students planning to do graduate work in economics are advised to take at least MTH 201, MTH 301 and MTH 304.
2 Students wanting to increase their knowledge in related business fields are advised to choose from the following courses FIN302, FIN 411, FIN 421, MGT441, MGT301, IBS311, HOM321 and FEB301.
3 Students are recommended to do a minor in a related field of study. Options available now at LAU: minor in Business, Mathematics, Political Science, Legal Studies, Actuarial Studies, and Computer Science.
4 Students are strongly encouraged to finish the English requirements within the first two academic years.
B.S. in Economics: Yearly Study Plan
B.S. in Economics Study Plan
|Year I||Year II||Year III|
|1. ECO201 Micro Economics (3 Cr)||1. ECO305 Intermediate Microeconomics (3 Cr)||
1. ECO344 Economics, Ethics & Philosophy OR ECO 346 Foundations of Political Economy (3 Cr)
|2. ECO 202 Macro Economics (3 Cr)||2. ECO 306 Intermediate Macroeconomics (3 Cr)||
2. ECO311 Economic Development OR ECO 333 Comparative Economic Systems (3 Cr)
|3. QBA201 Managerial Statistics (3 Cr)||3. ECO330 Introductory Econometrics (4 credits)||
3. ECO340 (3 Cr) Economics of Organizations and Management
|4. ACC203 Financial Accounting (3 Cr)||4. ECO304 Mathematical Methods for Economics (3 Cr)||4. Economics Elective (3 Cr)|
5. MKT201 Introduction to Marketing (3 Cr)
|5. FIN301 (3 Cr) Managerial Finance||5. Economics Elective (3 Cr)|
6. Liberal Arts Core (3 Cr)
|6. ECOXXX Elective (3 Cr)||6. Economics Elective (3 Cr)|
7. Liberal Arts Core (3 Cr)
|7. Liberal Arts core (1 Cr)||7. Liberal Arts core (1 Cr)|
8. Liberal Arts Core (3 Cr)
|8. Liberal Arts Core (1 Cr)||8. Liberal Arts Core (1 Cr)|
9. Liberal Arts Elective (3 Cr)
|9. Liberal Arts Elective (3 Cr)||9. Liberal Arts Elective (3 Cr)|
10. Free Elective (3 Cr)
|10. Liberal Arts Elective (3 Cr)||10. Liberal Arts elective (3 Cr)|
11. Free Elective (3 Cr)
|11. Free Elective (3 Cr)|
12. Free Elective (3 Cr)
|Subtotal: 30 credits||
Subtotal: 33 credits
|Subtotal: 29 credits|
*Students have a degree of flexibility in allocating their Liberal Arts core, electives and free electives across the three years of study.