BS in Economics
Career Options
The undergraduate program in economics provides practical preparation for a variety of careers as well as for graduate study in
- economics
- business administration
- public policy
- law
The B.S. curriculum is recommended for students interested in a liberal arts economics education with greater stress on business and quantitative skills.
Choose either Track A (55 or more credits) or Track B (57 or more credits); both tracks have the same major prerequisites, major requirements and other requirements. Track A is recommended for students interested in
a economics education with a quantitative business emphasis. Track B is recommended for students interested in graduate study in economics or related policy fields. All 100-level Economics courses satisfy a second-tier Core curriculum requirement.
Major Prerequisites (6 credits)
ECO 101 Introduction to Macroeconomics
ECO 102 Introduction to Microeconomics
Major Requirements (9 credits)
ECO 301 Intermediate Macroeconomics
ECO 302 Intermediate Microeconomics
ECO 303 Political Economy
Other Requirements (22 or more credits)
Select three of the following courses:
BUS 260 Marketing
BUS 335 International Business
BUS 340 Managing Organizational Behavior
BUS 361 International Marketing
BUS 365 Consumer Behavior
or BUS 165 Consumer Studies
BUS 385 Entrepreneurship and Venture Formation
FIN 320 Basic Financial Management
FIN 327 Investment Management
FIN 328 Financial Institutions and Markets
FIN 330 International Financial Management
Track A:
ACC 110 Financial Accounting Information for Decision Making
MAT 210 Business Statistics
BUS 275 Applied Business Analysis
Select one of the following courses:
BUS 370 Management Science
BUS 375 Production/Operations Management
ECO 305 Research Methods in Economics
Students who select ECO 305 under Track A cannot also use that course to satisfy a major elective requirement.
Track B:
ACC 110 Financial Accounting Information for Decision Making
MAT 152 Calculus A
MAT 153 Calculus B
MAT 380 Probability and Statistics
Major Electives Track A and Track B (18 or more credits)
Select any four economics elective courses numbered 200 or above (excluding those ECO courses taken to fulfill requirements listed above. See complete economics major electives listing above). Take two additional economics electives from the above list of economics electives, or up to two courses from the following list of acceptable courses offered by other departments:
CRM 216 White-Collar Crime
GEO 303 Economic Geography
MAT 252 Calculus C
MAT 290 Foundations of Mathematics
MAT 295 Linear Algebra
POS 340 The Politics of Developing Nations
POS 365 Environmental Politics and Policy
SWO 350 Social Welfare Policy
WST 365 Topics in Women, Gender, and Institutions II
WST 465 Topics in Women, Gender, and Institutions III
Chair of the Department: Vaishali Mamgain, 11 Chamberlain Avenue, Portland
Professors: Feiner, Hillard, Roberts; Associate Professors: Bouvier, Mamgain, Medley
Economics is a social science and as such is best studied in the context of broader exposure to the liberal arts and sciences.
The Department offers two different undergraduate degree programs (bachelor of arts, bachelor of science), which allow students to choose the combination of courses most appropriate for their future plans.
To be eligible for a degree, a student must complete 120 credit hours fulfilling the University's Core curriculum requirements and all requirements for the major.
Note that only one course carrying the prefix ECO can be used to satisfy both Core curriculum and economics major requirements.
All 100-level Economics courses satisfy a second-tier Core curriculum requirement.
Note to incoming and/or current USM students—
The specific USM Economics BS Requirements listed within the Requirements tab above are valid only if:
- You are presently considering applying to USM for admission to pursue a baccalaureate degree in Economics
OR - You are/were a newly matriculated USM Economics major during this current academic year catalog edition
OR - You are currently a matriculated USM student, you have declared the Economics major, and you have formally elected this current academic year catalog edition (or intend to) by offically notifying the USM Registrar of your intention.
OTHERWISE, please refer to the USM undergraduate catalog edition that corresponds with your USM "Requirement Term." You may access previous USM catalog editions online at the following URL address:
http://usm.maine.edu/catalogs
and you may also access USM Department of Economics BA and BS curriculum "Worksheets" that correspond to your USM "Requirement Term" for use in tracking your academic progress in the Economics major at the following URL address:
http://www.usm.maine.edu/eco/academic-advisement-worksheets
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