B.S. in Economics

Students desiring a more flexible program than the B.B.A. may elect to pursue a B.S. degree in Economics. Candidates for this degree are not required to complete the College of Business requirements, but they must meet the specific B.S. degree requirements. This degree is offered through the College of Liberal Arts and is not considered a degree in business administration. A maximum of 25 percent of courses for a B.S. degree in Economics can be taken in business courses. Students must complete at least one minor.

Economics majors are encouraged to enroll in Honors sections of ECON 2410 and ECON 2420. A major in Economics leading to the B.S. degree requires that the student complete ECON 3210, ECON 3510, ECON 3520, ECON 4440, and ECON 4620. In addition, the student must complete at least 15 additional upper-division hours in economics. This program requires 50 percent of the required major hours in residence at MTSU.

ECON 3210 The Financial System and the Economy. Three credits. Prerequisites: ECON 2410; junior standing. Basic introduction to the functions of financial institutions and markets in the conduct of domestic and international economic transactions. Within financial market context, focus on special role that money plays as an asset and a determinant of the price level, the cause of inflation and inflation's effects on interest rates and borrowing costs, and the influence of Federal Reserve actions (monetary policy) on money and interest rates.

ECON 3510 Intermediate Macroeconomic Theory. Three credits. Prerequisites: ECON 2410; junior standing. Analysis of national income, employment, and price levels. Monetary and fiscal policies; international economic relations.

ECON 3520 Intermediate Microeconomic Theory. Three credits. Prerequisites: ECON 2410 and 2420. The course serves as a second semester of microeconomic theory, following ECON 2420, Principles of Economics, Microeconomics. The intermediate topics examined include consumer choice, the labor supply model, the life cycle model, choice under uncertainty, production and supply, the cost of production, perfect competition, monopoly, monopolistic competition, oligopoly, game theory, and the human capital model.

ECON 4440 International Economics. Three credits. Prerequisites: ECON 2410, 2420; junior standing. Differences between domestic trade and international trade, foundations of international trade, economic effects of free trade and restricted trade; mechanisms of international payments and structure of balance of payments; history and contemporary issues of trade policies and world monetary systems.

ECON 4620 Econometrics and Forecasting. Three credits. Prerequisites: ECON 2410, 2420; MATH 1810 or 1910; junior standing. The application of statistical methods to economic problems; covers statistical inference, regression analysis in economics and finance, and an introduction to econometrics. Emphasis on applications to actual economic data and includes use of econometric software.