McMicken College of Arts & SciencesUniversity of Cincinnati

Economics

Economics

   Quick Facts

  • Program Name
    Economics
  • Degree
    Bachelor of Arts Degree
  • Degree Code
    BA
  • Department
    Economics
  • College
    Arts and Sciences
  • Program Code
    15BA-ECON
  • Location
    Main Campus
  • Time to Completion
    4 years
  • Evening Courses Offered
    No
  • Distance Learning Courses Offered
    No
  • Weekend Courses Offered
    No
  • Contact Information

    Department Website

    1213 Crosley Tower
    PO Box 210371
    Cincinnati, Ohio
    45221-0371

    econ.dept@uc.edu

What Is Economics ?

Economics is the scientific study of how society manages its scarce resources. Economics majors develop strong research and analytical skills while exploring issues such as the production of goods and services and the distribution of income among people. Economics involves both the investigation of theories to explain economic systems and the application of these theories to areas such as finance and banking, labor relations, poverty reduction, taxation and investment.

Success Factors

UC McMicken College of Arts and Sciences (A&S) economics majors typically possess (or are willing to develop) the strong analytical skills necessary for interpreting and evaluating arguments. Most enjoy reading and are successful when asked to work independently. Economics students also enjoy vigorous in-class discussions and like to apply their learning to real-world problems, as well as to theoretical concerns. Consequently, they enjoy researching and debating different points of view on wide-ranging issues involving public affairs.

Career Possibilities

Like students who graduate with other liberal arts majors, graduates with a BA in economics are prepared for many different career options. This also makes economics a popular major for students planning to enter graduate programs in areas such as law or business, where economics courses are often required for admission. Education is another career option for economics majors. Graduates find jobs as:

  • Professional economists in academic institutions, business or government
  • Financial advisers
  • Business managers
  • High school economics teachers

Additional career options are listed on the Career Development Center's Web site. 

Major Details

The economics major program emphasizes traditional economics areas and is similar to economics majors offered in most colleges and universities throughout the country. It is more suited for students who would like to work for various government organizations, to advance to graduate/law schools or for students who are not yet sure which career paths they would like to pursue in the future (for example, business or government, or law or academics).

McMicken College's flexible degree requirements allow for and highly encourage students to pursue multiple areas of study. Free electives allow for enough credits for students to pursue a minor, certificate program or even complete a second major. Some of the most common pairings are listed below.

  • Any area studies program 
  • Business 
  • Foreign language
  • Political science

Minor Details

A minor in economics is available to all undergraduate students in four-year colleges at the University of Cincinnati who are not majoring in economics or business economics. The minor will be presented when the student receives the bachelor’s degree from his or her college. Notation will also be placed on the student’s official transcript. With an increased emphasis on economics in business, government, law and education, the minor in economics can be an important credential for one’s career, as well as a significant addition to one’s education.

Minor Requirements
Thirty-five upper-division credits are required for the economics minor, distributed as follows:

A. Core Courses (20 Credit Hours)
Each course must be completed with a grade of "C" or better.
These should be taken reasonably early in your major program.

15-ECON-320   Statistics for Economists; 4 cr.

15-ECON-321   Introduction to Applied Econometrics; 4 cr.

15-ECON-341   Microeconomic Theory I; 4 cr.

15-ECON-342   Microeconomic Theory II; 4 cr.

15-ECON-372   Macroeconomic Theory; 4 cr.
Economics Capstone 15-ECON-599 is not required for the minor in economics.
 

B.
Field Courses (6 Credit Hours)

Each student must take two courses in one field.

The average across all field courses must be a "C" or better.

Each of the area courses is a three-credit hour course.

Prerequisites for all required field courses, unless stated otherwise, are 15-ECON-320 and 15-ECON-342.

Labor Economics:
15-ECON-557 Economics of Work and Family; 3 cr.

15-ECON-558 Labor Market Analysis; 3 cr.

15-ECON-559 Labor Market Issues; 3 cr.

15-ECON-508 Economic Theory of Population; 3 cr.

International Economics
15-ECON-551 Open Economy Macroeconomics; 3 cr

15-ECON-552 International Trade Theory; 3 cr.

15-ECON-575 Economic Development; 3 cr.

Industrial Organization
15-ECON-510 Strategic Thinking; 3 cr.

15-ECON-565 Industrial Organization; 3 cr.

15-ECON-569 Antitrust Policy and Trade Regulation; 3 cr.

15-ECON-578 Law and Economics; 3 cr.

Public Economics
15-ECON-482 Public Economics: Expenditures; 3 cr.

15-ECON-483 Public Economics: Taxation; 3 cr.

15-ECON-567 Politics and Economics; 3 cr.

Macro and Monetary Economics
15-ECON-371 Money and Banking; 3 cr.

15-ECON-551 Open Economy Macroeconomics; 3 cr

15-ECON-571 Stabilization Policy; 3 cr.

Quantitative Economics
15-ECON-343 Topics in Microeconomics; 3 cr.

15-ECON-510 Strategic Thinking; 3 cr.

15-ECON-521 Applied Econometrics II; 3 cr.

Urban/Regional Economics
15-ECON-570 Regional Economics; 3 cr.
15-ECON-506 Urban Economic Problems; 3 cr.

C. Electives (9 Credit Hours)
In addition to the 20 core credits and six field credits, economics minors need another nine credit hours of electives to satisfy the 35-hour requirement.
Students can satisfy the remaining nine hours in four ways:
 

  1. Take additional 300-level or higher economics courses.
  2. Take any other upper-level course offered by the department, including Honors Seminar (15-ECON-431,432) and Special Problems (15-ECON-689).
  3. Take a maximum of six credit hours of the Teaching Assistant Practicum (15-ECON-422).
  4. Complete a maximum of six credit hours in the Internship Program (15-ECON-498).

Curriculum

This curriculum information is intended as a general information guide for students considering enrollment in this major. These online tools are designed to assist you, but are not a substitute for planning with an academic or faculty advisor.

If you are currently enrolled at UC, you can audit your degree online. If you are considering transferring to this major from another school use the course applicability system (CAS) to see how credits you have earned will apply to this major at UC. For course descriptions by college, click here.

Course Name Course Number Credits
First Year
*English Composition ENGL101 & 15ENGL102

6

Foundations of Applied Calculus (or subsitution or waiver) 15MATH224 (QR) 3
Applied Calculus I & II 15MATH226-227 (QR) 6
*Foreign Language see checklist

9-15

Introduction to Microeconomics (SS) 15ECON101 3
Introduction to Macroeconomics (SS) 15ECON102 3
*Social Sciences (SS) see offerings

3

*Humanities (HU) see offerings

3

*Natural Science (NS) see offerings 3
Courses in minor or other program see options

0-6

Total for first year

45

Second Year
*Intermediate Composition 15ENGL289 3
*Foreign Language (if necessary) see checklist

0-9

Statistics for Economists 15ECON320 4
Microeconomic Theory 15ECON341-342 8
*Historical Perspectives (HP) see offerings 9
*Literature (LT) see offerings 3
*Natural Science (NS) see offerings 6
Courses in minor or other program see options 3-12
Total for second year

45

Third Year
Introduction to Applied Econometrics 15ECON321 4
Macroeconomics 15ECON372 4
**Economics Field Courses see list below 9
*Literature (LT) see offerings 3
*Humanities, Literature or Fine Arts (HU, LT or FA) see offerings 3
*Social & Ethical Issues (if not already taken, SE) see offerings 3
Courses in minor or other program see options

 19

Total for third year 45
Fourth Year
**Economics Field Courses see list below 9
Advanced Economics Electives see note below 15
Economics Capstone 15ECON599 3
*Diversity & Culture (if not already taken, DC) see offerings 3
Courses in minor or other program see options 15
Total for fourth year 45
Minimum total overall: 180

*Needed to fulfill A&S college requirements.

** Required field courses: 18 credits, to be completed with a field-courses average of "C" or better.

A. Core Courses (23 credit hours, courses also listed above in suggested schedule)

  • Each course must be completed with a grade of "C" or better.
  • All courses should be taken reasonably early in your major program.

15-ECON-320   Statistics for Economists, 4 cr.
15-ECON-321   Introduction to Applied Econometrics; 4 cr.
15-ECON-341   Microeconomic Theory I; 4 cr.
15-ECON-342   Microeconomic Theory II; 4 cr.

15-ECON-372   Macroeconomic Theory; 4 cr.

15-ECON-599   Economics Capstone; 3 cr.

B. Field Courses (18 credit hours)

  • Each student must take either three courses in each of at least two fields or two courses in each of at least three fields.
  • The average across all field courses must be a "C" or better.
  • Each of the area courses is a three-credit hour course.
  • Prerequisites for all required field courses, unless stated otherwise
    15-ECON-320
    15-ECON-342

Labor Economics:
15-ECON-557 Economics of Work and Family; 3 cr.

15-ECON-558 Labor Market Analysis; 3 cr.

15-ECON-559 Labor Market Issues; 3 cr.

15-ECON-508 Economic Theory of Population; 3 cr.

International Economics
15-ECON-551 Open Economy Macroeconomics; 3 cr

15-ECON-552 International Trade Theory; 3 cr.

15-ECON-575 Economic Development; 3 cr.

Industrial Organization
15-ECON-510 Strategic Thinking; 3 cr.

15-ECON-565 Industrial Organization; 3 cr.

15-ECON-569 Antitrust Policy and Trade Regulation; 3 cr.

15-ECON-578 Law and Economics; 3 cr.

Public Economics
15-ECON-482 Public Economics: Expenditures; 3 cr.

15-ECON-483 Public Economics: Taxation; 3 cr.

15-ECON-567 Politics and Economics; 3 cr.

Macro and Monetary Economics
15-ECON-371 Money and Banking; 3 cr.

15-ECON-551 Open Economy Macroeconomics; 3 cr

15-ECON-571 Stabilization Policy; 3 cr.

Quantitative Economics
15-ECON-510 Strategic Thinking; 3 cr.
15-ECON-521 Applied Econometrics II; 3 cr

Urban/Regional Economics
15-ECON-570 Regional Economics; 3 cr.
15-ECON-506 Urban Economic Problems; 3 cr.

C. Electives (15 credit hours)
In addition to the 23 core credits and 18 field credits, economics majors need another 15 credit hours of electives to satisfy the 56-hour requirement. Students can satisfy the remaining 15 hours in four ways:

  1. Take additional 300-level or higher economics courses.
  2. Take any other upper-level course offered by the department, including Honors Seminar (15-ECON-431,432) and Special Problems (15-ECON-689).
  3. Take a maximum of six credit hours of the Teaching Assistant Practicum (15-ECON-422)
  4. Complete a maximum of six credit hours in the Internship Program (15-ECON-498).

Special Opportunities

Students in the UC McMicken College of Arts and Sciences enjoy many benefits afforded through study at a research-intensive institution ranked among the nation's top 25 public research universities. UC's urban, tri-state location offers exciting opportunities for global education, research and service learning, while its student-centered focus includes an 11:1 student-faculty ratio, a nationally recognized Center for Exploratory Studies and a highly successful First Year Experience program that teaches critical skills for first-year students and provides connections with important campus resources.

Special Programs

The Undergraduate Economics Society provides an excellent opportunity for students to enhance their experience here at the university. Undergraduate economics and business economics majors are afforded an ideal setting to develop strong interpersonal and organizational skills, as well as long-lasting friendships.

In the past, the society has organized off-campus trips, including tours of Chicago, New York, San Francisco and Washington, D.C. These trips have been sponsored by the Hewett-Kautz Fund. In addition, it has been a tradition for the society to host a pizza registration party each quarter, where students enjoy free food while socializing with friends and faculty. The society, in conjunction with the department, has scheduled guest speakers and career development and placement seminars intended to assist and advise students on career choices. Meetings are held for its members and new faces are always welcome.

Admission Requirements

Admission criteria for this program vary based on the relative strength of test scores, class rank and GPA. Please see the Freshman Class Profile for this major in the Quick Facts sidebar on this page for the range of academic credentials typically accepted into this program. Test scores in the lower range may be acceptable with higher class rank and/or GPA. Freshmen applying to this program should also have completed the following state of Ohio articulation requirements with no more than two units missing:

  • English (4 units)*
  • College-preparatory mathematics (3 units)*
  • Science (2 units)
  • Social science (2 units)
  • Foreign language (2 units)*
  • Fine arts (1 unit)
  • Additional college-prep subjects (2 units)

*McMicken College of Arts & Sciences does not allow units missing from these areas.

Transfer Requirements

Applicants to A&S whose most recent enrollment was not in any of the UC colleges must apply through the Office of Admissions. Applicants in this category must submit transcripts for all secondary school and college-level work. A cumulative GPA of 2.0 for all college-level work is required for admission consideration. Admission to A&S is generally available for any off-campus applicants who have received an associate degree from an accredited college or university and whose cumulative GPA is 2.0 or higher.

Although midyear off-campus transfer students are not able to participate in early registration in the quarter prior to their enrollment, they are included in the summer registration period prior to their fall quarter enrollment.

Changing Major Requirements

Applicants to A&S whose most recent enrollment was as a degree-seeking student in one of UC’s other colleges can apply directly to the A&S college office. Admission to A&S is generally available for any on-campus students who have:

  • at least a 2.0 GPA in all college-level courses (both at UC and at other institutions),
  • successfully completed two quarters of English Composition or its equivalent and
  • gained credit for a college-level mathematics course.

Further details on individual programs are available online or in the A&S Office of Undergraduate Student Affairs and Advising (102 McMicken Hall).

Graduation Requirements

In addition to meeting the university's General Education requirements, the requirements listed in the McMicken College Core Requirements are common to all potential graduates of the college, whether they are pursuing the bachelor of arts, bachelor of science or bachelor of interdisciplinary studies degree.

Application Deadlines

UC operates on a quarter system, with 10-week grading periods beginning in late September, early January, late March and mid-June. While midyear admission is possible, fall quarter is generally the best time to enter the college, since many course sequences begin in that quarter. Applicants to the UC McMicken College of Arts and Sciences who are enrolled or who were previously enrolled as degree-seeking students in A&S or in other UC colleges should apply for admission directly to A&S (in McMicken 102). All other applicants who wish to earn an undergraduate degree from A&S should apply through the Office of Admissions (3rd Floor, University Pavilion).