The Department of Economics offers a major in the Foster College of Business and in the College of Liberal Arts and Sciences. Normally, individuals planning a career in business should be in the Foster College of Business, and individuals planning a career in government, politics, public policy, or the law should be in the College of Liberal Arts and Sciences.
Courses in economics are designed for:
- Students planning to continue the study of economics or related subjects in graduate school, in order to prepare for professional careers in economics.
- Students of other departments wishing to broaden their understanding of the economic forces of our world.
- Students planning to enter those business and professional careers in which a more specialized understanding of economics is important.
The major in economics is designed to provide the student with basic economic theory, basic quantitative tools, a more specialized understanding of those particular areas of interest in economics, and a broad background in the humanities, physical sciences, and social sciences.
The curriculum includes two colloquiums, typically hosted in a faculty member’s home, in the junior and senior year that focus on application of economic theories and models and gives students the opportunities to discuss aspects of economics outside of the classroom environment. It helps students develop economic sophistication and prepare or the economic environment after graduation.
The capstone in the major is the senior seminar. Students conduct economic research, with the assistance of two faculty advisors, to demonstrate that they can think like economists. Recent examples include research on public financing of stadiums for sports and comparing consumer confidence between students at Bradley University and students at the University of Michigan.
Course requirements for the major in economics are:
- ECO 100 Introduction to Economics or ECO 221 Principles of Microeconomics
- ECO 222 Principles of Macroeconomics
- ECO 300 Economics Colloquium for Juniors
- ECO 332 Intermediate Microeconomics
- ECO 333 Intermediate Macroeconomic Theory
- ECO 400 Economics Colloquium for Seniors
- ECO 498 Senior Seminar in Economics I
- ECO 499 Senior Seminar in Economics II
- 2 electives
- 1 Heterodox Economics course
- Philosophy course