Economics Honors Minor for Industrial Management Majors
DOWNLOAD PLAN OF STUDY FOR THE ECONOMICS HONORS
2008 and later
2007
MINOREconomics is the study of how individuals, both consumers and managers of firms, make choices in the face of scarcities. Their decisions result in market determined prices and quantities for the goods and services provided by an economy. It is these market outcomes that are the primary focus of economic analysis. The study of markets and the determination of prices and quantities may seem to be a narrow field, but the applications are numerous. Economists use this market oriented approach to study such diverse topics as inflation, business cycles, international trade, tax policy, energy costs, agriculture, urban problems, the banking system, the structure of industry, crime and the legal system, labor unions, antitrust policy, regulation, public finance, economic development, and pollution. Economic analysis has also been used to increase our understanding of the dynamics of individual interactions and organizational structures such as teams in industrial settings.
Economics provides an excellent background for general managerial positions. It is particularly valuable for jobs in financial institutions, governments, and companies engaged in international trade. Much of modern legal problems are closely intertwined with economic issues; the combination of law and economics has become an important field in its own right and the study of economics provides a valuable background for the study of law.
Undergraduate economics students have found positions in the private sector in areas such as:
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Auditing |
Banking |
Budget Analysis |
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Business Economics |
Commercial Lending |
Credit Analysis |
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Economic Analysis/Research |
Finance Forecasts |
Investment Analysis |
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Marketing/Marketing Research |
Pricing |
Product Control |
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Securities Analysis |
Systems Design & Programming |
In the public sector, undergraduates economics student have found positions in the Federal Government in such agencies as the Treasury, Department of Labor, Department of Commerce, and the US General Services Administration. Jobs are also available in state and local governments, city planning administrations, and international organizations.
HONORS PROGRAM IN ECONOMICS
The Honors Program in Economics provides the opportunity for rigorous, intensive, and independent study in economic theory and policy.< The independent research performed in the Senior Honors Seminar (ECON 499) offers a sound preparation for the type of academic activity that students encounter in graduate school, and the intensive study of economics provides the student with a deeper appreciation of market forces and policy issues.
PROGRAM DESCRIPTION
To gain admission to the program, the student must complete fifteen semester hours in economics including ECON 251, 252, 340, and 352 with a 3.1/4.0 * average. Students in this program may not take ECON 415, 511, 512, 513, or 519.
HONORS CERTIFICATE
All students who complete the program with an average of 3.1/4.0 or higher in the Economics courses and 3.0 overall grade average will, upon recommendation of the Economics Department, be awarded an Honors Certificate confirming that they have graduated from an "Honors Curriculum in Economics" and an appropriate notation is entered on the transcript.
SCHOOL OF MANAGEMENT: INDUSTRIAL MANAGEMENT HONORS PROGRAM IN ECONOMICS
Like the other options which serve as minors in the Industrial Management curriculum, the Economics Honors sequence is not intended to enhance the student's technical competence in management. Rather, the opportunity for independent research provided by the Senior Honors Seminar (ECON 499) offers a sound preparation for the type of academic activity which students encounter in graduate school.