9.15. Economics

Programs offered through the Hammack School of Business (Sec. 4.1.3):

  • B.A. in Economics (TU)
  • B.S. in Business Economics (TU)
  • Minor in Economics (TU)

Economics is the study of decision making. Economics is used to examine individual behavior, interactions and the resulting social order. Basic economic principles govern all action. It is valuable to go into negotiations in markets, as well as the voting booth, prepared with a clear understanding of the business strategies, government policies and decision outcomes that will affect society. Knowledge of how markets function is helpful to both business people and voters who will make decisions about such market-related economic matters as taxes, interest ceilings, minimum wages, and public utility rates. A student majoring in Economics will evaluate property rights assessments, the incentives created and resulting social order, replacing uninformed opinions about complex situations with disciplined thought.

Students majoring in Economics will be prepared to analyze complex problems and communicate their findings. The student will be introduced to the technical terminology of business, analytical tools for problem solving and communication methods, including data analysis, business writing and presentation. Internships are available to provide preparation for careers after graduation.

The Business Economics degree is intended for those students who plan to enter the business world upon graduation, although it is sufficiently rigorous to support graduate studies upon graduation or subsequently. Students pursuing this degree will integrate a broad foundation of business knowledge with the techniques of economic modeling and application appropriate for work in market research and analytics.

The Bachelor of Arts degree in Economics offers greater flexibility and is designed for students who are interested in policy and wish to explore the intersection of economics with other liberal arts disciplines such as politics, philosophy, psychology, and mathematics.

B.A. in Economics (see Sec. 8.5.1. for a complete list of B.A. graduation requirements)

  1. The program has a mathematics proficiency requirement which can be fulfilled in either of two ways:
    • by achieving a score of 4 or 5 on the Advanced Placement Calculus AB or Calculus BC examination, or
    • by earning a grade of “C-“ or better in MAT 121 Applied Calculus or MAT 131 Calculus I. Students satisfying the mathematics proficiency requirement by taking MAT 131 Calculus I should take the mathematics placement examination (see 6.4.1. and Sec. 6.4.3.) no later than the start of their first semester at Oglethorpe to ensure the requirement and any prerequisites it demands have been satisfied prior to enrolling in ECO 220 Intermediate Microeconomics.
  2. Completion of all of the following courses:
    • ECO 120 Principles of Microeconomics
    • ECO 122 Principles of Macroeconomics
    • ECO 220 Intermediate Microeconomics
    • ECO 222 Intermediate Macroeconomics
    • ECO 429 Econometrics
    • BUS 275 Business Analytics
  3. Completion of four upper level courses in Economics, which can include ECO 495 Internship in Economics only when taken once and only if the internship is for 4 semester hours.
  4. Additional requirements and things to note:
    • A grade of “C-” or better is required in all courses contributing to the major.
    • No upper level courses taken in completion of the major can be used towards any other major or minor offered within the departments of economics and business administration in the Hammack School of Business. This regulation means that a student cannot double major in accounting and business, business and economics (B.S. degree option), or in accounting and economics (B. S. degree option).

B.S. in Business Economics (see Sec. 8.5.4. for a complete list of B.S. graduation requirements)

  1. The program has a mathematics proficiency requirement which can be fulfilled in either of two ways:
    • by achieving a score of 4 or 5 on the Advanced Placement Calculus AB or Calculus BC examination, or
    • by earning a grade of “C-“ or better in MAT 121 Applied Calculus or MAT 131 Calculus I. Students satisfying the mathematics proficiency requirement by taking MAT 131 Calculus I should take the mathematics placement examination (see 6.4.1. and Sec. 6.4.3.) no later than the start of their first semester at Oglethorpe to ensure the requirement and any prerequisites it demands have been satisfied prior to enrolling in ECO 220 Intermediate Microeconomics.
  2. Completion of all of the following courses:
    • ACC 230 Financial Accounting
    • ACC 231 Managerial Accounting
    • BUS 260 Principles of Management
    • BUS 310 Corporate Finance
    • BUS 350 Marketing
    • ECO 120 Principles of Microeconomics
    • ECO 122 Principles of Macroeconomics
    • ECO 220 Intermediate Microeconomics
    • ECO 222Intermediate Macroeconomics
    • ECO 429 Econometrics
    • BUS 275 Business Analytics
  3. Completion of three upper level courses in Economics, which can include ECO 495 Internship in Economics only when taken once and only if the internship is for 4 semester hours.
  4. Additional requirements and things to note:
    • A grade of “C-” or better is required in all courses contributing to the major.
    • No upper level courses taken in completion of the major can be used towards any other major or minor offered within the departments of economics and business administration in the Hammack School of Business. This regulation means that a student cannot double major in accounting and business, business and economics (B.S. degree option), or in accounting and economics (B. S. degree option).

Minor in Economics (TU)

  1. The program has a mathematics proficiency requirement which can be fulfilled in either of two ways:
    • by achieving a score of 4 or 5 on the Advanced Placement Calculus AB or Calculus BC examination, or
    • by earning a grade of “C-“ or better in MAT 121 Applied Calculus or MAT 131 Calculus I. Students satisfying the mathematics proficiency requirement by taking MAT 131 Calculus I should take the mathematics placement examination (see 6.4.1. and Sec. 6.4.3.) no later than the start of their first semester at Oglethorpe to ensure the requirement and any prerequisites it demands have been satisfied prior to enrolling in ECO 220 Intermediate Microeconomics.
  2. Completion of all of the following courses:
    • ECO 120 Principles of Microeconomics
    • ECO 122 Principles of Macroeconomics
    • ECO 220 Intermediate Microeconomics
    • ECO 222Intermediate Macroeconomics
  3. Completion of two upper level courses in Economics.
  4. Additional requirements and things to note:
    1. A grade of “C-” or better is required in all courses contributing to the major.
    2. No upper level courses taken in completion of the minor can be used towards any other major or minor offered within the departments of economics and business administration in the Hammack School of Business.