Major Requirements

2017 - 2018 Catalog

Economics major leading to BA degree

A major in economics leading to a Bachelor of Arts degree requires completion of at least 46 credits as follows:

  1. ECON 101 and 102, 203, 210, 211; INTR 201, 202
  2. One economics course numbered at or above 330
  3. One additional economics course numbered above 300
  4. Four additional courses in economics numbered above 211
  5. Once course chosen from POL 100, 105, and 111
  6. Achievement in calculus at a level equivalent to MATH 101
  7. One additional course in politics at any level or one additional course in mathematics for which MATH 101 is a prerequisite.
  8. Grade-point average: at least 2.000 in the economics credits offered for the major, and at least 2.000 in the total of all credits, from whatever department, offered for the major.

Students pursuing Honors in Economics are required to take ECON 399.

  1. Required courses:
    • ECON 101 - Principles of Microeconomics
      FDRSS1
      Credits3
      PrerequisiteOpen only to members of the Class of 2020 and earlier
      FacultyStaff

      Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.


    • ECON 102 - Principles of Macroeconomics
      FDRSS1
      Credits3
      PrerequisiteECON 101. Open only to members of the Class of 2020 and earlier
      FacultyStaff

      Emphasis on performance of the aggregate economy. Analysis of unemployment, inflation, growth, and monetary and fiscal policies.


    • ECON 203 - Econometrics
      Credits3
      PrerequisiteINTR 202 or permission of instructor or department head
      FacultyAnderson, Blunch

      Explorations of regression models that relate a response variable to one or more predictor variables. The course begins with a review of the simple bivariate model used in INTR 202, and moves on to multivariate models. Underlying model assumptions and consequences are discussed. Advanced topics include non-linear regression and forecasting. Examples in each class are drawn from a number of disciplines. The course emphasizes the use of data and student-directed research.


    • ECON 210 - Microeconomic Theory
      Credits3
      PrerequisiteECON 101 and MATH 101
      FacultyGuse

      Contemporary theory relating to consumer behavior, the firm's optimizing behavior, the nature of competition in various types of markets and market equilibrium over time. Recommended for economics majors not later than their junior year.


    • ECON 211 - Macroeconomic Theory
      Credits3
      PrerequisiteECON 101 and 102, or instructor consent
      FacultyDavies, Goldsmith, Hooks

      This course develops the classical macroeconomic framework and uses this to explore the causes and consequences of economic growth, inflation, output, and employment. This same exercise is conducted using alternative theoretical frameworks, including those associated with Keynes, Monetarists, and New Classical thinkers. Emphasis is placed on investigating the impact and effectiveness of monetary and fiscal policy under each of the theoretical paradigms or schools of thought developed.


    • INTR 201 - Information Technology Literacy
      Credits1
      PrerequisiteFirst-year or sophomore standing
      FacultyBallenger, Boylan (administrator)

      Through the use of interactive online tutorials, students gain proficiency in and a working knowledge of five distinct areas of information technology literacy: Windows Operating System, spreadsheets (Microsoft Excel), word processing (Microsoft Word), presentation software (Microsoft PowerPoint), and basic networking (the Washington and Lee network, basic Web browsing, and Microsoft Outlook). Lessons, exercises, practice exams and exams mix online efforts and hands-on activities.


    • INTR 202 - Applied Statistics
      Credits3
      PrerequisiteINTR 201

      An examination of the principal applications of statistics in accounting, business, economics, and politics. Topics include descriptive statistics, probability, estimation, hypothesis testing, and regression analysis.

       


  2. One economics course numbered at or above 330
  3. One additional economics course numbered above 300
  4. Four additional courses in economics numbered above 211.
  5. (Note: A maximum of nine credits from supervised study abroad and/or special topics courses may apply toward major requirements.)

  6. One course chosen from:
    • POL 100 - American National Government
      FDRSS2
      Credits3
      FacultyStaff

      A study of the constitutional origins and historical development of the national government with special attention to Congress, the presidency, the judiciary, and the role of political parties, interest groups, and the media in the policy process.


    • POL 105 - Introduction to Global Politics
      FDRSS2
      Credits3
      FacultyStaff

      A survey of the comparative study of national and international politics and the interaction between the two. Topics may include power relations among and within states, changes in the conduct of international affairs and conflict resolution, contrasting ideas about democracy, economic development, justice, globalization, terrorism, causes and alternatives to war, social movements and the role of the nation-state.


    • or
    • POL 111 - Introduction to Political Philosophy
      FDRSS2
      Credits3
      FacultyStaff

      An introduction to some of the perennial themes of politics, such as the relationship between human nature and political institutions, individual freedom and community, private conscience and civic virtue, the claims of reason and faith, the nature of law, obligation, and rights, among others. Our inquiry is guided by selections from influential works in the history of political thought, ancient, modern and contemporary, as well as plays, dialogues, comedies, tragedies, novels, and films. Consult with instructor for specific reading assignments and course requirements.


  7. Achievement in calculus at a level equivalent to MATH 101
  8. One additional course in politics at any level or one additional course in mathematics for which MATH 101 is a prerequisite.
  9. Grade-point average:
  10. at least 2.000 in the economics credits offered for the major, and at least 2.000 in the total of all credits, from whatever department, offered for the major.