Students interested in studying economics should be able to think analytically, be creative in solving problems and have a strong interest in overall business strategy and/or public policy. Economics is also a good major for pre-law students as well as students desiring to pursue a master of business administration, a master of public administration or an advanced degree in economics, public policy, finance and other areas of business.

The University’s economics program offers an extensive array of courses to develop the student’s analytical abilities and prepare graduates for rewarding careers in business, industry and government. Economics also provides a sound foundation for postgraduate study in a variety of fields. The department offers a major in economics through both the Culverhouse College of Commerce and the College of Arts and Sciences. Students majoring in other fields in Culverhouse may select economics as a non-commerce minor. Students majoring or minoring in economics are urged to consult the undergraduate adviser for recommendation of 400-level economics courses and general electives consistent with their career goals and objectives.

Economics majors must complete the core Computer Language requirement by taking FI 389 Financial Analysis and Modeling or EC 389 Computerized Managment Information Systems. Economics majors must also complete a specialization or a second major. A minimum of 18 hours is required for a second major. Students may choose any second major (business or non-business) with a plan approved by the department. Students who complete a minor (but not a second major) must also complete a specialization.

More InformationHours
Major Courses
EC 308Intermediate Microeconomics (minimum grade of C-)3
EC 309Intermediate Macroeconomics (minimum grade of C-)3
FI 301Introduction to Financial Institutions and Markets3
Additional EC courses 19
Credit Hours Subtotal: 18
Specialization
Specialization or Second Major9-60
Credit Hours Subtotal: 9-60
Total Hours27-78
1

EC 400 Analysis of Economic Conditions at the Micro & Macro Levels and EC 492 Internship cannot be counted toward the major; EC 470 Introduction to Mathematical Economics is strongly recommended for those considering graduate work in economics or business.

Dual Major in Economics and Mathematics

The dual major in economics and mathematics is for students looking to apply strong quantitative skills in the field of economics. This curriculum is ideal for students in pursuit of a career that involves forecasting and/or an understanding of formal economic modeling. It also provides students with the mathematical background necessary for pursuing a doctoral degree in economics. Students in this degree program are formally enrolled in the Culverhouse College of Commerce, but the curriculum is determined by both the College of Commerce and the College of Arts and Sciences. Students are not required to select a mathematics track when pursuing this dual major.

Economics Courses

Hours
EC 308Intermediate Microeconomics (minimum grade of C-)3
EC 309Intermediate Macroeconomics (minimum grade of C-)3
EC 471Econometrics3
EC elective3
FI 301Introduction to Financial Institutions and Markets3
FI 389Financial Analysis and Modeling3
EC 413Economic Forecasting & Analysis3
Total Hours21

Mathematics Courses

Hours
MATH 227Calculus III4
MATH 237Introduction to Linear Algebra3
MATH 238Appld Diff Equations I3
MATH 355Theory Of Probability3
MATH 451Math Stats W/Applictn I3
MATH electives (300- or 400-level) 16
Total Hours22
1

The following courses cannot be counted as MATH electives: MATH 402 History Of Mathematics and MATH 405 Geometry For Teachers.

Specializations in Economics

Applied Microeconomics

Applied MicroeconomicsMore Information

Hours
Students must major in economics.
Select three of the following:9
Law And Economics
Industrial Organization
Public Finance
International Trade
Economic Development of Latin America
Political Economy of Terrorism
Economics of the Environment and Natural Resources
Seminar on Economic Issues
Total Hours9

Econometrics & Forecasting

Econometrics & ForecastingMore Information

Hours
Students must major in Economics.
EC 413Economic Forecasting & Analysis3
EC 470Introduction to Mathematical Economics3
EC 471Econometrics3
Total Hours9

Economics

EconomicsMore Information

Hours
For non-Economics majors.
EC 308Intermediate Microeconomics3
EC 309Intermediate Macroeconomics3
Two 300- or 400-level EC electives6
Total Hours12

International Economics

International EconomicsMore Information

Hours
Students must major in Economics, complete at least three years (six semesters) of foreign languages, and spend a semester abroad.
EC 430International Trade3
EC 431International Finance3
EC 442Economic Development of Latin America3
Total Hours9

Macroeconomics & Monetary Policy

Macroeconomics & Monetary PolicyMore Information

Hours
Students must major in Economics.
EC 413Economic Forecasting & Analysis3
EC 416Monetary Theory & Policy3
EC 431International Finance3
Total Hours9

Public Policy & Law

Public Policy & LawMore Information

Hours
Students must major in Economics.
Select three of the following:9
Law And Economics
Industrial Organization
Public Finance
Political Economy of Terrorism
Economics of the Environment and Natural Resources
Seminar on Economic Issues
Total Hours9

Quantitative Economics 

Quantitative EconomicsMore Information

Hours
Students must major in Economics.
MATH 125Calculus I4
MATH 126Calculus II4
MATH 227Calculus III4
MATH 237Introduction to Linear Algebra3
EC 413Economic Forecasting & Analysis3
EC 470Introduction to Mathematical Economics3
EC 471Econometrics3
ST 454 or Mathematical Statistics I3
MATH 355 Theory Of Probability
ST 455 or Mathematical Statistics II3
MATH 451 Math Stats W/Applictn I
Total Hours30

The opportunities for students who complete a bachelor's degree in economics range from positions in banking and financial services to real estate, insurance, enterprise risk management, consulting, and the public sector. The economics major also provides excellent preparation for admission to law school, MBA programs, schools of public policy, doctoral programs in economics, finance and other areas of business.

Types of Jobs Accepted

Consulting firms, litigation consultant, stock broker, financial advisor, data miner, Teach for America, economist for public utilities commission.

Jobs of Experienced Alumni

Attorney, Professor of Economics, Credit Risk Manager, data miner, various management positions, public policy analyst.

Learn more about opportunities in this field at the Career Center