9.12. Economics

Programs offered:
B.A. in Economics
B.S. in Economics
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 business writing and presentation. Internships are available to provide preparation for careers after graduation.

The major provides an excellent foundation for careers in business, law, politics, as well as government and other not-for-profit entities or to pursue graduate studies in Economics or Business Administration.

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:
    1. by achieving a score of 4 or 5 on the Advanced Placement Calculus AB or Calculus BC examination, or
    2. 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 Sec. 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
    MAT 111 Statistics
  3. Completion of four upper level courses in Economics, which can include ECO 426 Internship in Economics only when taken once and only for a maximum of 4 semester hours.
  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 major can be used towards any other major or minor offered within the division of economics and business administration.

B.S. in 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:
    1. by achieving a score of 4 or 5 on the Advanced Placement Calculus AB or Calculus BC examination, or
    2. 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 Sec. 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
    MAT 111 Statistics
  3. Completion of three upper level courses in Economics, which can include ECO 426 Internship in Economics only when taken once and only for a maximum of 4 semester hours.
  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 major can be used towards any other major or minor offered within the division of economics and business administration.

Minor in Economics (TU)

  1. The program has a mathematics proficiency requirement which can be fulfilled in either of two ways:
    1. by achieving a score of 4 or 5 on the Advanced Placement Calculus AB or Calculus BC examination, or
    2. 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 Sec. 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 major can be used towards any other major or minor offered within the division of economics and business administration.