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 (37 credits)
Major Requirements (15 credits)
ECO 101 Introduction to Macroeconomics
ECO 102 Introduction to Microeconomics
ECO 301 Intermediate Macroeconomics
ECO 302 Intermediate Microeconomics
ECO 303 Political Economy
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 Research Methods in Economics
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 322 Economics of Women and Work
ECO 323 U.S. Labor and Employment Relations
ECO 325 Industrial Organization
ECO 326 Environmental Economics
ECO 327 Natural Resource Economics
ECO 328 Rural and Regional Economic Development
ECO 330 Urban 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 380 Public Finance and Fiscal Policy
ECO 381 State and Local Public Finance
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
For the best overall Financial Aid package, submit your USM application and complete your FAFSA by January 15. However, you can apply at any time. Undergraduate applications are reviewed on a rolling basis.
The undergraduate program in economics provides practical preparation for a variety of careers as well as for graduate study in
- business administration
- public policy
Chair of the Department: Cheryl Laz, Associate Professor of Sociology, 120 Bedford Street, Portland Campus
Professors of Economics: Feiner, Hillard; Associate Professor of Economics: Medley
Economics is a social science and as such is best studied in the context of broader exposure to the liberal arts and sciences.
The Department offers two different undergraduate degree programs (bachelor of arts, bachelor of science), which allow students to choose the combination of courses most appropriate for their future plans.
To be eligible for a degree, a student must complete 120 credit hours fulfilling the University's Core curriculum requirements and all requirements for the major.
Note that only one course carrying the prefix ECO can be used to satisfy both Core curriculum and economics major requirements.
ECO 120 satisfies the Quantitative Reasoning Core curriculum requirement; all other 100-level Economics courses satisfy a second-tier Core curriculum requirement.
Note to incoming and/or current USM students—
The specific USM Economics BS Requirements listed within the Requirements tab above are valid only if:
- You are presently considering applying to USM for admission during this current academic year/catalog edition to pursue a baccalaureate degree in Economics (BS)
- You are/were a newly matriculated USM Economics BS major during this current academic year/catalog edition
- You are currently a matriculated USM student and you have formally declared the Economics BS major during this current academic year/catalog edition by offically notifying the USM Registrar
- You are currently a matriculated USM Economics BS major and you have formally elected to change your catalog to the current academic year/catalog edition identified above by officially notifying the USM Registrar of your intention.
OTHERWISE, please refer to the USM undergraduate catalog edition that corresponds with your USM "Requirement Term." You may access previous USM catalog editions online at the following URL address:
and you may also access USM Department of Economics BA and BS curriculum "Worksheets" that correspond to your USM "Requirement Term" for use in tracking your academic progress in the Economics major at the following URL address: