2020-21 Catalogs

BS in Economics

The undergraduate program in economics provides practical preparation for a variety of careers as well as for graduate study in economics, business administration, public policy, and law. Economics is a social science and as such is best studied in the context of broader exposure to the liberal arts and sciences.

Economics is a marketable liberal arts degree. Liberal arts majors (social sciences and humanities) develop excellent writing and research skills, and increase a student's knowledge of the world. These majors also help students build a stronger and more informed sense of identity and values. Economics at USM also provides students with critical thinking and analytical (including statistical) skills.

The BS curriculum is recommended for students interested in a liberal arts economics education with greater stress on business and quantitative skills. 

BS in Economics (38 credits)

Major Requirements (16 credits)

     ECO 101 Introduction to Macroeconomics
     ECO 102 Introduction to Microeconomics
     ECO 301 Intermediate Macroeconomics
     ECO 302 Intermediate Microeconomics
     ECO 304 Research Methods in Economics
     ECO 400 Capstone (1 credit) to be taken in conjunction with an approved ECO 300-level elective

Other Requirements (7 credits)

     ACC 110 Financial Accounting Information for Decision Making
     MAT 210 Business Statistics

Major Electives (15 credits)

You must take at least five major elective courses; a minimum of three must be from the following ECO courses:
     ECO 220 U.S. Economic and Labor History
     ECO 305 Econometrics
     ECO 310 Money and Banking
     ECO 312 U.S. Economic Policy
     ECO 315 Economic Development
     ECO 316 Case Studies in International Development
     ECO 319 Macroeconomics: Debt and Finance
     ECO 321 Understanding Contemporary Capitalism
     ECO 323 U.S. Labor and Employment Relations
     ECO 326 Environmental Economics
     ECO 327 Natural Resource Economics   
     ECO 333 Economics and Happiness
     ECO 335 The Political Economy of Food
     ECO 340 History of Economic Thought
     ECO 350 Comparative Economic Systems
     ECO 370 International Economics
     ECO 399 Special Topics in Economics
     ECO 450 Readings in Economics
     ECO 490 Independent Readings and Research in Economics

You may select up to two (of the five required courses) from the following list:      

     BUS 275 Applied Business Analysis
     BUS 335 International Business   
     BUS 340 Managing Organizational Behavior
     BUS 361 International Marketing
     BUS 365 Consumer Behavior
     BUS 370 Management Science
     BUS 385 Entrepreneurship and Venture Formation
     FIN 320 Basic Financial Management
     FIN 326 Financial Modeling
     FIN 327 Investment Management
     FIN 330 International Financial Management