Department of Economics

BA in Economics

Career Options

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

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 critical thinking and analytical (including statistical) skills.

BA in Economics

Track A Liberal Arts (36 credits)

Major Requirements (18 credits)

     ECO 101 Introduction to Macroeconomics
     ECO 102 Introduction to Microeconomics
     ECO 103 Critical Thinking About Economic Issues (a 2XX or above ECO course may be substituted for ECO 103)
     ECO 301 Intermediate Macroeconomics
     ECO 302 Intermediate Microeconomics
     ECO 303 Political Economy

Major Electives (18 credits)

You must take at least six major elective courses; a minimum of four 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 six required courses) from the following list:
     CRM 216 White-Collar Crime
     CRM 225 Crimes Against the Environment
     GEO 302 Gender, Work, and Space
     GEO 303 Economic Geography
     POS 340 The Politics of Developing Nations
     SOC 348 Sociology of Work
     SOC 358 Sociology of Women's Work
     WGS 365 Topics in Gender and Institutions II
     WGS 465 Topics in Gender and Institutions III

Track B Math Intensive (38 credits)
     (recommended for graduate study in economics or related fields)

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

Math Requirements (11 credits)
     MAT 152 Calculus A
     MAT 153 Calculus B
     MAT 380 Probability and Statistics

Major Electives (12 credits)

Select four courses from the above list of ECO major elective courses.

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.

Chair of the Department: Joseph Medley, 11 Chamberlain Avenue, Portland

Professors: Feiner, Hillard; Associate Professor: 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 BA Requirements listed within the Requirements tab above are valid only if:

  1. You are presently considering applying to USM for admission to pursue a baccalaureate degree in Economics (BA)
    OR 
  2. You are/were a newly matriculated USM Economics BA major during this current academic year
    OR 
  3. You are currently a matriculated USM student and you have declared the Economics BA major during this current academic year by offically notifying the USM Registrar
    OR
  4. You are currently a matriculated USM Economics BA major and you have formally elected to change your catalog to the current academic year catalog edition identified above by offically 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:
http://usm.maine.edu/catalogs
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:
http://www.usm.maine.edu/eco/academic-advisement-worksheets