Program Requirements
Major Common Core
Emphasis on forces influencing employment and inflation. Current problems of the economy are stressed along with tools government has to cope with them.
- Prerequisites:
- none
- Goal Areas:
- GE-05
Examines decision making by the individual firm, the determination of prices and wages, and current problems facing business firms.
- Prerequisites:
- none
- Goal Areas:
- GE-05
Basic statistical methods including measures of central tendency and dispersion, probability, probability distributions, sampling, problems of estimation and hypothesis testing in the case of one and two sample meaans and proportions. Chi-Square, one-way analysis of variance, simple regression and correlation analysis, and brief introduction to multiple regression analysis. Use of computer statistical packages required.
- Prerequisites:
- MATH 112 or equivalent
- Goal Areas:
- GE-02, GE-04
This course will introduce the student to the use of mathematics in economic analysis. Topics include optimization methods, comparative statics, and linear algebra.
- Prerequisites:
- ECON 201, ECON 202, ECON 207, MATH 112 or equivalent
A survey of imperfect competition, multiple-product firms, multiple-plant firms, and interest theory, designed to develop a system of economic thought.
- Prerequisites:
- ECON 201, ECON 202 and ECON 301
Study of factors determining aggregate level of production, employment, inflation, and implications of monetary and fiscal policies.
- Prerequisites:
- ECON 201, ECON 202 and ECON 301
The study of methods and techniques for building econometric models with the goal of forecasting and measurement of the economic relationships by integrating economic theory and statistics in it.
- Prerequisites:
- ECON 201, ECON 202, and ECON 207
Major Restricted Electives
Choose 15 Credit(s).
A descriptive and analytical study of the basic principles of money, banking, and finance as they are related to business and public policy.
- Prerequisites:
- ECON 201 and ECON 202
Elementary economic background and analysis of housing, medical care, inflation, unemployment dilemma, pollution, poverty and affluence, balance between public and private sectors, transportation, urban problems, and other issues will be covered in this course.
- Prerequisites:
- none
This course will provide tools for analyzing the effects of economic globalization on employment, distribution of income, economic development and socio-economic issues from a gender perspective.
- Prerequisites:
- ECON 201 or ECON 202
- Diverse Cultures:
- Purple
Employment, wages, and economic security. The structure and impact of labor organizations and labor legislation.
- Prerequisites:
- ECON 201 and ECON 202
A detailed examination of the Federal Reserve System and monetary policy. The topics will include a history of the Federal Reserve and its monetary tools and strategies: Monetarism, the demand for money, the money supply process, and the impact of financial deregulation on federal policy.
- Prerequisites:
- ECON 305
Students examine the economics of unions, including the history of union activity, the development and impact of labor laws on labor markets, the economics of strikes and alternative dispute resolution systems, and the impact of unions on wages and price levels.
- Prerequisites:
- ECON 201 and ECON 202
Economic forces which account for the development of cities and application of principles to some of the major problems of the modern urban community.
- Prerequisites:
- ECON 201 and ECON 202
This course introduces economic concepts and techniques in the study of environmental management and natural resource use. Topics covered include nonmarket valuation of the environment, benefit-cost analysis, public goods and externalities, the extraction of exhaustible and renewable resources, and the economics of pollution control.
- Prerequisites:
- ECON 202
This course examines the economics of professional and collegiate sports and sports institutions. Students examine the market for sports competitions, the labor market for player talent, and the role government plays in the business of sports.
- Prerequisites:
- ECON 202
Fundamental ideas and structure of economics with emphasis on the application of such ideas in the K-12 school curriculum.
- Prerequisites:
- none
Public expenditures, taxes and other revenues, debts and financial administration at federal, state, and local levels.
- Prerequisites:
- ECON 201 and ECON 202
Economic underdevelopment and the relationships between mature economies and developing nations.
- Prerequisites:
- ECON 201 and ECON 202
This course is designed to cover basic tools in time series analysis and to equip students with quantitative skills to analyze the financial market.Fall
- Prerequisites:
- ECON 207
This course is an introduction to non-competitive markets using economic models and game theory.
- Prerequisites:
- ECON 201, ECON 202 and ECON 207
Variable
- Prerequisites:
- ECON 201 and ECON 202
Variable
- Prerequisites:
- none
.
- Prerequisites:
- none
.
- Prerequisites:
- ECON 207, ECON 355, ECON 356
Major Unrestricted Electives
The following specializations under Major Restricted Electives are not required and are only advising tools. See your advisor for guidance.
Labor Economics
Employment, wages, and economic security. The structure and impact of labor organizations and labor legislation.
- Prerequisites:
- ECON 201 and ECON 202
Students examine the economics of unions, including the history of union activity, the development and impact of labor laws on labor markets, the economics of strikes and alternative dispute resolution systems, and the impact of unions on wages and price levels.
- Prerequisites:
- ECON 201 and ECON 202
This course examines the effective management of the human resources of organizations. Topics include analyzing jobs and writing job descriptions; recruiting and hiring of applicants; complying with employment law; managing promotions, quits, and layoffs; employee training and development; evaluating job performance; determining compensation; and managing human resources in a unionized environment.
- Prerequisites:
- none
Concepts, theories, and empirical research on organizational behavior are studied. Models and tools for diagnosing situations, individual behavior, group behavior, intergroup conflicts, supervisory problems and organizational change are analyzed.
- Prerequisites:
- none
The focus of this course is operating an effective, efficient, legal and responsible system for compensating one's employees. Includes the workings of labor markets, analyzing jobs, finding the market value for jobs, designing a pay structure, appraising performance, setting individual pay, determining benefits, occupations requiring special pay programs.
- Prerequisites:
- MGMT 340
Economics of Public Sector
Employment, wages, and economic security. The structure and impact of labor organizations and labor legislation.
- Prerequisites:
- ECON 201 and ECON 202
This course introduces economic concepts and techniques in the study of environmental management and natural resource use. Topics covered include nonmarket valuation of the environment, benefit-cost analysis, public goods and externalities, the extraction of exhaustible and renewable resources, and the economics of pollution control.
- Prerequisites:
- ECON 202
The economic rationale for interregional trade: emphasis on current problems.
- Prerequisites:
- ECON 201 and ECON 202
Public expenditures, taxes and other revenues, debts and financial administration at federal, state, and local levels.
- Prerequisites:
- ECON 201 and ECON 202
This course is an introduction to non-competitive markets using economic models and game theory.
- Prerequisites:
- ECON 201, ECON 202 and ECON 207
Financial Economics
A descriptive and analytical study of the basic principles of money, banking, and finance as they are related to business and public policy.
- Prerequisites:
- ECON 201 and ECON 202
A detailed examination of the Federal Reserve System and monetary policy. The topics will include a history of the Federal Reserve and its monetary tools and strategies: Monetarism, the demand for money, the money supply process, and the impact of financial deregulation on federal policy.
- Prerequisites:
- ECON 305
The economic rationale for interregional trade: emphasis on current problems.
- Prerequisites:
- ECON 201 and ECON 202
This course is designed to cover basic tools in time series analysis and to equip students with quantitative skills to analyze the financial market.Fall
- Prerequisites:
- ECON 207
Introduction to money and capital markets, instruments and institutions. Consideration of the management problems of financial institutions.
- Prerequisites:
- FINA 362
Fundamental concepts of commercial bank management, financial regulations, and risk management in financial institutions. Coverage includes the financial statements of commercial banks and their use in evaluating a bank¿s financial performance; bank¿s assets, liabilities, and off-balance sheet items management and different risk management approaches applied in financial institutions.
- Prerequisites:
- FINA 362
Graduate School Preparation - These courses are recommended for students planning to attend graduate school in economics and are not required for the major. Econ 301, Math 121, MATH 122, Math 247, Econ 462 and Math 354 are the most important. See your advisor for guidance.
This course will introduce the student to the use of mathematics in economic analysis. Topics include optimization methods, comparative statics, and linear algebra.
- Prerequisites:
- ECON 201, ECON 202, ECON 207, MATH 112 or equivalent
Limits, continuity, the derivative and applications, transcendental functions, L'Hopital's Rule, and development of the Riemann integral.
- Prerequisites:
- Satisfy Placement Table in this section, MATH 115 or both MATH 112 and MATH 113 with "C" (2.0) or better.
- Goal Areas:
- GE-04
Techniques of integration, applications of integration, improper integrals, numerical integration, the calculus of parametric curves, and infinite series and sequences.
- Prerequisites:
- MATH 121 with "C" (2.0) or better or consent
- Goal Areas:
- GE-04
Surfaces, vector-valued functions, partial differentiation, multiple integration, and vector calculus.
- Prerequisites:
- MATH 122 with "C" (2.0) or better, or consent
Matrices, determinants, systems of linear equations, vector spaces, linear transformations, and characteristic value problems.
- Prerequisites:
- MATH 122 with "C" (2.0) or better or consent
This course presents the theory, computations, and applications of first and second order differential equations and two-dimensional systems.
- Prerequisites:
- MATH 122 with "C" (2.0) or better or consent
A calculus based introduction to probability and statistics. Topics include probability, random variables, probability distributions (discrete and continuous), joint probability distributions (discrete and continuous), statistical inference (both estimation and hypothesis testing), confidence intervals for distribution of parameters and their functions, sample size determinations, analysis of variance, regression, and correlation. This course meets the needs of the practitioner and the person who plans further study in statistics. Same as MATH 354. Fall, Spring, Summer
- Prerequisites:
- MATH 122 with "C" (2.0) or better or consent
The topology of Euclidean spaces, compact and connectedness, properties of continuous functions, differentiation, basic theory of Riemann-Stieltjes integration and the fundamental theorem of Calculus.
- Prerequisites:
- MATH 223 and MATH 290 with "C" (2.0) or better or consent
Minor
Required Minor: None.
4-Year Plan
The 4-Year Plan is a model for completing your degree in a timely manner. Your individual 4-Year plan may change based on a number of variables including transfer courses and the semester/year you start your major. Carefully work with your academic advisors to devise your own unique plan.
* Please meet with your advisor on appropriate course selection to meet your educational and degree goals.
First Year
Fall - 15 Credits
Concepts of algebra (real numbers, exponents, polynomials, rational expressions), equations and inequalities, functions and graphs, polynomial and rational functions, exponential and logarithmic functions, systems of equations and inequalities, matrices and determinants, conic sections, sequences and series, probability, and binomial theorem.
- Prerequisites:
- Satisfy Placement Table in this section, or MATH 098 with grade of P.
- Goal Areas:
- GE-04
Spring - 16 Credits
Emphasis on forces influencing employment and inflation. Current problems of the economy are stressed along with tools government has to cope with them.
- Prerequisites:
- none
- Goal Areas:
- GE-05
Second Year
Fall - 16 Credits
Examines decision making by the individual firm, the determination of prices and wages, and current problems facing business firms.
- Prerequisites:
- none
- Goal Areas:
- GE-05
Basic statistical methods including measures of central tendency and dispersion, probability, probability distributions, sampling, problems of estimation and hypothesis testing in the case of one and two sample meaans and proportions. Chi-Square, one-way analysis of variance, simple regression and correlation analysis, and brief introduction to multiple regression analysis. Use of computer statistical packages required.
- Prerequisites:
- MATH 112 or equivalent
- Goal Areas:
- GE-02, GE-04
Spring - 15 Credits
This course will introduce the student to the use of mathematics in economic analysis. Topics include optimization methods, comparative statics, and linear algebra.
- Prerequisites:
- ECON 201, ECON 202, ECON 207, MATH 112 or equivalent
Third Year
Fall - 15 Credits
A survey of imperfect competition, multiple-product firms, multiple-plant firms, and interest theory, designed to develop a system of economic thought.
- Prerequisites:
- ECON 201, ECON 202 and ECON 301
Spring - 15 Credits
Study of factors determining aggregate level of production, employment, inflation, and implications of monetary and fiscal policies.
- Prerequisites:
- ECON 201, ECON 202 and ECON 301
Fourth Year
Fall - 16 Credits
The study of methods and techniques for building econometric models with the goal of forecasting and measurement of the economic relationships by integrating economic theory and statistics in it.
- Prerequisites:
- ECON 201, ECON 202, and ECON 207
Spring - 12 Credits
Degree
Bachelor of Arts
Major Credits
46
Total Credits
120
Locations
Mankato
Career Cluster
Government and Public Administration