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 

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.  


Learn More about the Undergraduate Application Requirements & Process

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:

  1. You are presently considering applying to USM for admission during this current academic year/catalog edition to pursue a baccalaureate degree in Economics (BS)
  2. You are/were a newly matriculated USM Economics BS major during this current academic year/catalog edition
  3. You are currently a matriculated USM student and you have formally declared the Economics BS major during this current academic year/catalog edition by officially notifying the USM Registrar
  4. 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:

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
  • law