Overview & Requirements
The Bachelor of Arts in Economics provides the student with an understanding of economic issues pertaining to individual firms, industries, and the overall economy. The study of economics emphasizes both analytic reasoning and a thorough knowledge of economic institutions. Economics majors, supported by the knowledge of functional tools acquired in the business core, analyze such topics as inflation, unemployment, international trade, financial markets, and governmental economic activity. The program has proven useful to people who have moved into positions in many of the functional areas of business. It is also excellent training for graduate study in business, in law, and in economics itself.
Requirements for the Economics Major
Undergraduate University core requirements: including:
- Mathematics: Calculus MATH 150, Statistics for Business I STAT 210
- Social Science: Microeconomic Principles ECON 200, and Macroeconomic Principles ECON 201
Major Requirements: 30 total credit hours, as follows:
- Statistics for Business II STAT 211
- Microeconomic Analysis ECON 305
- Macroeconomic Analysis ECON 306
- Empirical Analysis in Economics ECON 307
- 15 hours of electives from International Trade & Business Environment; History of Economic Thought; Natural Resource Economics; Economy of Developing Countries; Business Cycles & Forecasting; Economics of Poverty; Economics & Politics; International Economics; Health Economics; Public Economics; Urban Economics; Labor Economics; and Markets, Strategy & Rivalry.
- Capstone Experience in Economics ECON 491: a zero-credit research experience that culminates in the student orally presenting a paper written in a 400-level economics course to a forum established by the department
- A 2.000 cumulative average in the economics courses.
Requirements for the Economics Minor
The minor is available to business and non-business undergraduate students. A total of 15 credit hours are required, as follows:
- ECON 200 and ECON 201: 6 hours
- Either ECON 305 or 306: 3 hours
- Select 6 hours of upper division electives from ECON 300-499 (Business students cannot count ECON 300 in the minor)
- Attain at least a 2.000 cumulative average in the minor courses
- At least half of these credit hours must be taken at Xavier
Requirements for the Economics Major with a Mathematics Concentration
For students who are interested in graduate school in economics or are mathematically inclined, the department offers an economics major with a mathematics concentration. The requirements to complete the concentration are:
1. The economics major, which consists of the 13 courses and capstone listed on the other side of the page.
2. Twenty-four (24) credit hours of mathematics.
a. Math 170: Calculus I
b. Math 171: Calculus II
c. Math 220: Calculus III
d. Math 225: Foundations of Higher Mathematics
e. Three electives from:
-Math 230: Differential Equations
-Math 240: Linear Algebra
-Math 311: Probability Theory
-Math 340: Abstract Algebra
-Math 360: Elementary Topology
-Math 370: Real Analysis
If you pursue the concentration with the hope of attending a Ph.D. program in Economics, the most important mathematics courses to take are: linear algebra, real analysis and differential equations. All advanced math courses are helpful in getting into a program, but those courses in particular will be useful in preparing you graduate school material.