Undergraduate Catalog 2015-2016

Majors

Economics (ECO)

Bachelor of Arts (B.A.)

8 Semester Plan

120 Credit Hours

CIP Code: 45.0601

College of Arts & Sciences

http://economics.usf.edu/undergraduate/ba_ecn/

Major Description

Economics offers a clear and logical way of thinking about complicated issues such as unemployment, inflation, pollution, and crime. The Department of Economics offers broad course choices allowing students to tailor their programs to provide training for professional careers in business, teaching, government, and law. Students interested in majoring or minoring in economics should contact the undergraduate advisor in the Department of Economics for more information.

State Mandated Common Course Prerequisites

The State of Florida has identified common course prerequisites for the major in Economics. These courses must be completed with a minimum grade of "C" before the degree is granted. If the courses are not transferred in, they may be taken at USF.

  • ECO X013 Economic Principles: Macroeconomics or ECO XXXX
  • ECO X023 Economic Principles: Microeconomics or ECO XXXX

Total Major Hours: 33 Hours

Major Core

A student may earn a Bachelor of Arts degree with a major in Economics by satisfactorily completing 33 credits in Economics in addition to college requirements.

Major Core Courses - 18 Hours

Major Elective Courses - 15 Hours

Fifteen credit hours of Economics electives numbered 3000 or higher.

NOTE: ECO 1000 (if taken before both ECO 2013 and ECO 2023) if student receives a C- or better may be substituted for a maximum of 3 hours of upper level elective credit.

Optional Accelerated Program

B.A./M.A. Economics

This program allows superior students with strong analytical skills and the ability to handle a fast paced, challenging program the opportunity to complete both the Bachelor 's and Master's degrees in Economics in five years.

The program requires students to take two graduate-level courses required for the MA degree during the last year in the Bachelor program. These six hours are counted as general electives (not major electives) in the undergraduate program and are also used to satisfy the requirements for the MA in economics. After completing the 120-hour Bachelor’s program, five-year students take 24 hours at the graduate level.

To be eligible for the program, a student must have:

  • Completed at least 6 hours of 3000-level or above Economics courses at USF (not including statistics),
  • Have an overall grade point average of 3.00 or above, and have a minimum of 3.25 cumulative grade point average in all economics courses (including statistics).

To apply for admission, send a letter to the Undergraduate Program Director in the Department of Economics stating your qualifications and desire to enter the program. To plan your program, or for additional information, see the Undergraduate Advisor in Economics.

Coursework in the Undergraduate Economics Major:

A student may earn a Bachelor of Arts degree with a major in Economics by satisfactorily completing 33 credits in Economics in addition to college requirements.

  • ECO 2013 Economic Principles: Macroeconomics
  • ECO 2023 Economic Principles: Microeconomics
  • ECO 3101 Intermediate Price Theory
  • ECO 3203 Intermediate Macroeconomics
  • ECO 2052 Analytical Tools for Economists
  • STA 2023 Introductory Statistics I
  • 15 credit hours of Economics electives numbered 3000 or higher.
  1. MAC 2233 Business Calculus or MAC 2311 Calculus I (or the equivalent) is an acceptable substitute for ECO 2052.
  2. QMB 3200 Business and Economics Statistics II is an acceptable substitute for STA 2023.
  3. ECO 2052, MAC 2233 Business Calculus, or MAC 2311 Calculus I (or the equivalent) must be taken as a prerequisite for ECO 3101 and ECO 3203.
  4. ECP 3703 Managerial Economics may be substituted for ECO 3101. Students may not take both for credit.
  5. No more than 3 hours credit can be applied toward a major from ECO 4905 and/or ECO 4914.
  6. Economics majors taking coursework at the other USF institutions may not be able to fulfill all Economics course requirements at those institutions.
  7. All students entering USF for the first time, in Fall 2012 or later, who earn 3 (three) D and/or F grades in any of the following courses at USF: ECO 2013, ECO 2023, ECO 3101, ECO 3203, STA 2023 (or QMB 2100) and ECO 2052 (or MAC 2233 or MAC 2311 or equivalent) will be required to change their major to a major more appropriate to their goals and academic performance, and to a major that is not conferred by the Department of Economics through either the College of Arts and Sciences or the College of Business.
  8. All continuing USF students who entered USF prior to Fall 2012 and who have not earned any D or F grades in any of the following courses at USF: ECO 2013, ECO 2023, ECO 3101, ECO 3203, STA 2023 (or QMB 2100) and ECO 2052 (or MAC 2233 or MAC 2311 or equivalent) by the beginning of Fall 2012, will also be allowed 3 (three) D and/or F grades in those courses before being required to change their major to a major more appropriate to their goals and academic performance, and to a major that is not conferred by the Department of Economics through either the College of Arts and Sciences or the College of Business.
  9. All continuing USF students who entered USF prior to Fall 2012 and who have earned 1 (one) or more D or F grades in any of the following courses at USF: ECO 2013, ECO 2023, ECO 3101, ECO 3203, STA 2023 (or QMB 2100), and ECO 2052 (or MAC 2233 or MAC 2311 or equivalent) by the beginning of Fall 2012, will only be allowed 2 (two) more D and/or F grades in those courses before being required to change their major to a major more appropriate to their goals and academic performance, and to a major that is not conferred by the Department of Economics through the College of Arts and Sciences.
  10. Grade Forgiveness will NOT apply to the mandated requirement of changing majors.
  11. Appeals to the required change of major will be handled in the Economics Department and ONLY those students whose appeal is based on exceptional circumstances will be considered.

Advisors in the College of Arts and Sciences or the Transitional Advising Center will be available to assist students in the selection of a new major in their respective colleges. They will also track their progress though the Accelerated Degree Program.

Advisors will also clarify the financial aid implications of entering the Accelerated Degree Program. This includes the cost differences between undergraduate and graduate credit hours as well as possibly not being able to apply certain undergraduate scholarships to graduate coursework.

The BA in Economics will be conferred once the student has completed all requirements for the degree including having completed the graduate coursework that comprises part of the Accelerated Degree Program. The MA in Economics will be conferred once the student has completed all remaining requirements for the MA degree.

The M.A. in Economics is a non-thesis option degree program comprised of a minimum of 30 credit hours of graduate coursework, 12 hours of which are required courses:

  • ECO 6115 Microeconomics I
  • ECO 6206 Macroeconomics I
  • ECO 6405 Mathematical Economics I
  • ECO 6424 Econometrics I

as well as 18 hours of electives at least 12 of which must be drawn from the list of economics electives shown below and at most 6 hours of which may be drawn from graduate courses ourside of economics.

Economics electives must be drawn from the following set of graduate-level courses offered in the Department of Economics.

  • ECO 6120 Economic Policy Analysis
  • ECO 6305 History of Economic Thought
  • ECO 6425 Econometrics II
  • ECO 6505 Public Finance
  • ECO 6525 Public Sector Economics
  • ECO 6706 International Trade: Theory and Policy
  • ECO 7116 Microeconomics II
  • ECO 7207 Macroeconomics II
  • ECO 7406 Mathematical Economics II
  • ECO 7426 Econometrics III
  • ECP 6405 Industrial Organization I
  • ECP 6408 Economics of Organization
  • ECP 6415 Issues in Regulation and Antitrust
  • ECP 6456 Law and Economics
  • ECP 6536 Economics of Health Care I
  • ECP 6614 Urban Economics
  • ECP 6624 Regional Economics
  • ECP 7406 Industrial Organization II
  • ECP 7537 Economics of Health Care II
  • ECS 6015 Economic Development

With the approval of the Graduate Director, unrestricted elective courses may be satisfied either by graduate-level courses offered by any department within the University or by certain MBA courses taught within the Department of Economics.

Specific Course Requirements for the Accelerated Degree Program

Students in the Accelerated Degree Program will be permitted to take 9 hours of graduate coursework prior to the BA in Economics being conferred. Of these 9 hours, 6 will be mandatory (ECO 6405 and ECO 6115) and 3 hours will be chosen from ECO 6206, ECO 6424, ECO 6505, ECP 6408, ECP 6415, ECP 6456, and ECP 6614. With the exceptions of ECO 6115 and ECO 6206 which do not satisfy any specific undergraduate course (ECO 3101 and ECO 3203 constitute 6 hours of the 15 hours in the major that are required to be admitted to the Accelerated Degree Program), all other graduate courses taken prior to the awarding of the BA in Economics satisfy the following undergraduate elective courses:

  • ECO 4401 satisfied by ECO 6405
  • ECO 4421 satisfied by ECO 6424
  • ECO 4504 satisfied by ECO 6505
  • ECP 3403 satisfied by ECP 6408
  • ECP 3413 satisfied by ECP 6415
  • ECP 3613 satisfied by ECP 6614
  • ECP 4451 satisfied by ECP 6456

At the time that the BA degree is conferred, students in the Accelerated Degree Program will have completed at least two of the four required courses and at most one of the six elective courses needed for the MA degree. The remaining one or two required courses for the MA degree will be completed after the BA degree has been conferred.

Elective Requirements

Of the 6 elective courses that comprise the Main Economics, students in the Accelerated Degree Program are permitted to take at most one such course before the BA in Economics is conferred. The list of approved elective courses is as follows:

  • ECO 4421 satisfied by ECO 6424
  • ECO 4504 satisfied by ECO 6505
  • ECP 3403 satisfied by ECP 6408
  • ECP 3413 satisfied by ECP 6415
  • ECP 3613 satisfied by ECP 6614
  • ECP 4451 satisfied by ECP 6456

Following the awarding of the BA in Economics, students in the Accelerated Degree Program will be able to choose their remaining graduate elective courses from the list of economics elective courses given below.

DEGREE PROGRAM REQUIREMENTS

Program Minimum Hours: 30 hours

All students are required to take courses in advanced economic theory and econometrics. Undergraduate economics majors at USF may complete the program in one year beyond the B.A. in the 5-Year B.A/M.A. Program. Students preparing for doctoral studies select from these and additional courses in economic theory, mathematics, and quantitative methods. Where appropriate students may select course in other departments in the University.

Students must satisfy all University requirements for the M.A. degree. Departmental requirements include 30 hours of graduate credit selected with the approval of the department’s graduate advisor. At least 24 hours must be in Economics, not including Independent Study (ECO 6906) and Directed Research (ECO 6917). To graduate, a student must have at least an overall 3.0 GPA and at least a 3.0 GPA for all economics courses, and pass an oral examination.

In addition to completing the 30 hours of coursework with overall and major GPAs of at least 3.0, a student must pass an oral examination conducted by a panel of three faculty members who have taught courses in the student’s program. At least one faculty member must be drawn from those who teach the core courses. The oral examination provides a forum for the student to provide evidence that s/he has sufficient knowledge and breadth of fundamental economic concepts so as to be able to undertake rigorous economic analysis, both theoretical and empirical in nature.


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  Accelerated Program

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