Economics
This is an archived copy of the 2020-21 catalog. To access the most recent version of the catalog, please visit http://bulletin.ndsu.edu.
Major Requirements
Major: Economics
Degree Type: B.A. or B.S.
Minimum Degree Credits to Graduate: 120
University Degree Requirements
- Satisfactory completion of all requirements of the curriculum in which one is enrolled.
- Earn a minimum total of 120 credits in approved coursework. Some academic programs exceed this minimum.
- Satisfactory completion of the general education requirements as specified by the university.
- A minimum institutional GPA of 2.00 based on work taken at NDSU.
- At least 36 credits presented for graduation must be in courses numbered 300 or higher.
- Transfer Students: Must earn a minimum of 60 credits from a baccalaureate-degree granting or professional institution.
- Of these 60, at least 36 must be NDSU resident credits as defined in #7.
- Within the 36 resident credits, a minimum of 15 must be in courses numbered 300 or higher and 15 credits in the major field of study.
- At least 36 credits must be NDSU resident credits. Resident credits include credits registered and paid for at NDSU.
For complete information, please refer to the Degree and Graduation Requirements section of this Bulletin.
University General Education Requirements
| Code | Title | Credits |
|---|---|---|
| Communication (C) | 12 | |
| College Composition I | ||
| College Composition II | ||
| Fundamentals of Public Speaking | ||
Upper Division Writing † | ||
| Quantitative Reasoning (R) † | 3 | |
| Science and Technology (S) † | 10 | |
| Humanities and Fine Arts (A) † | 6 | |
| Social and Behavioral Sciences (B) † | 6 | |
| Wellness (W) † | 2 | |
| Cultural Diversity (D) *† | ||
| Global Perspectives (G) *† | ||
| Total Credits | 39 | |
| * | May be satisfied by completing courses in another General Education category. |
| † | General education courses may be used to satisfy requirements for both general education and the major, minor, and program emphases, where applicable. Students should carefully review major requirements to determine if specific courses can also satisfy these general education categories. |
- A list of university approved general education courses and administrative policies are available here.
Major Core Requirements for all options
| Code | Title | Credits |
|---|---|---|
| Core Requirement | ||
| ECON 189 | Skills for Academic Success 1 | 1 |
| ECON 201 | Principles of Microeconomics | 3 |
| ECON 202 | Principles of Macroeconomics | 3 |
| ECON 341 | Intermediate Microeconomics | 3 |
| ECON 343 | Intermediate Macroeconomics | 3 |
| MIS 116 | Business Use of Computers | 3 |
| Program Option | 36-43 | |
Select one of three options: 1) Standard, 2) Quantitative, or 3) Business Economics | ||
| Total Credits | 52-59 | |
| 1 | ECON 189 is only required for first-time, first-year students--A first-time, first-year student is defined as a student who has not yet completed a college course as a college student. Students that are not first-time, first-year students that either transfer into the university or change their major are not required to take AGRI 189. |
Program Notes:
- Students selecting economics must complete the courses in the Core Requirement area (16 cr.) and the requirements outlined within one of the identified option areas listed below: 1] Standard Option (47-50 cr.), 2] Quantitative Economics Option (37-39 cr.), or 3] Business Economics Option (40 cr.).
- Students must earn a minimum 2.00 cumulative GPA in courses that satisfy the core requirement and option requirements.
Standard Option
Students selecting the Standard Option may complete either a Bachelor of Science or a Bachelor of Arts degree.
| Code | Title | Credits |
|---|---|---|
| Economics Electives: Select 18 credits from the list below. At least 3 credits must be from the courses identified as "Approved as Capstone" and no more than 6 credits from the bottom selection. | 18 | |
| Economics of Entrepreneurship | ||
| Econometrics 2 | ||
| Computational Economics | ||
| Game Theory and Strategy (Approved as Capstone) | ||
| Economic Development (Approved as Capstone) | ||
| Labor Economics | ||
| Public Economics (Approved as Capstone) | ||
| International Trade | ||
| Health Economics (Approved as Capstone) | ||
| Monetary Theory and Policy | ||
| Industrial Organization (Approved as Capstone) | ||
| Natural Resource Economics | ||
| Environmental Economics | ||
Select no more than 6 credits from the following as part of the 18 economics electives: | ||
| Quantitative Methods & Decision Making | ||
| Agricultural Price Analysis | ||
| Applied Risk Analysis | ||
| Principles of Real Estate | ||
| Agribusiness Industrial Strategy | ||
| Agribusiness Finance | ||
| Money and Banking | ||
| History of Economic Thought | ||
| Investment Analysis and Management | ||
| Options, Futures, and Other Derivatives | ||
| Other Requirements | ||
| MATH 144 | Mathematics for Business | 4 |
| STAT 330 | Introductory Statistics | 3 |
| or STAT 367 | Probability | |
| STAT 331 | Regression Analysis 1 | 2-3 |
| or ECON 410 | Econometrics | |
| Additional Requirements: 9 credits of Humanities & Fine Arts and Social & Behavioral Sciences | ||
| Humanities & Fine Arts: Select 3 credits form the current general education list or any course with the prefix of: ART, CLAS, ENGL, FREN, GERM, HIST, HUM, MUSC, PHIL, SPAN, or THEA | 3 | |
| Social & Behavioral Sciences: Select a total of 6 credits - 3 credits must be selected from the current general education list while the remaining 3 credits may be any course with a prefix of: ANTH, CJ, GEOG, POLS, PSYC, or SOC | 6 | |
| Bachelor of Science or Bachelor of Arts Degree Requirement: A student must select either a BS or BA degree. The following requirements apply to the specific degree type selected. | 3-17 | |
Bachelor of Science: Completion of a minor program of study. This minor must be officially declared through the Office of Registration and Records. (Minimum 16 credits) | ||
Bachelor of Arts: Completion of the BA Langauge Proficiency requirements and 3 credits of 300-400 level humanities, social sciences or a study abroad experience. (Credits for language proficiency will vary depending on placement; 3-14 credits) | ||
| Total Credits | 39-54 | |
| 1 | STAT 331 is waived if ECON 410 is taken. |
Quantitative Economics option
Students selecting the Quantitative Economics Option complete a Bachelor of Science degree only.
| Code | Title | Credits |
|---|---|---|
| Economics Electives: Select 9 credits from the following. At least 3 credits must be from the courses identified as "Approved as Capstone". | 9 | |
| Economics of Entrepreneurship | ||
| Computational Economics | ||
| Game Theory and Strategy (Approved as Capstone) | ||
| Economic Development (Approved as Capstone) | ||
| Labor Economics | ||
| Public Economics (Approved as Capstone) | ||
| International Trade | ||
| Health Economics (Approved as Capstone) | ||
| Monetary Theory and Policy | ||
| Industrial Organization (Approved as Capstone) | ||
| Natural Resource Economics | ||
| Environmental Economics | ||
| Other Requirements | ||
| CSCI 122 | Visual BASIC | 3 |
| or CSCI 159 | Computer Science Problem Solving | |
| ECON 410 | Econometrics | 3 |
| MATH 165 | Calculus I | 4 |
| MATH 166 | Calculus II | 4 |
| MATH 259 | Multivariate Calculus | 3-4 |
| or MATH 265 | Calculus III | |
| or CSCI 222 | Discrete Mathematics | |
| MATH 266 | Introduction to Differential Equations | 3 |
| or STAT 368 | Statistics | |
| STAT 367 | Probability | 3 |
| or STAT 467 | Probability and Mathematical Statistics I | |
| Additional Requirements: 3 credits of Humanities & Fine Arts | 3 | |
Humanities & Fine Arts: Select 3 credits form the current general education list or any course with the prefix of: ART, CLAS, ENGL, FREN, GERM, HIST, HUM, MUSC, PHIL, SPAN, or THEA | ||
| Minor in Computer Science, Mathematics or Statistics Required | 10-14 | |
This option requires the completion of either the computer science, mathematics or statistics minor. Approximately 10-14 credits for either of these minors remains after the completion of the Other Requirements for this option. The minor must be officially declared through the Office of Registration and Records. | ||
| Total Credits | 45-50 | |
Business Economics option
Students selecting the Business Economics Option complete a Bachelor of Science degree only.
| Code | Title | Credits |
|---|---|---|
| Economics Electives: Select 12 credits from the following. At least 3 credits must be from the courses identified as "Approved as Capstone". | 12 | |
| Economics of Entrepreneurship | ||
| Computational Economics | ||
| Game Theory and Strategy (Approved as Capstone) | ||
| Economic Development (Approved as Capstone) | ||
| Labor Economics | ||
| Public Economics (Approved as Capstone) | ||
| International Trade | ||
| Health Economics (Approved as Capstone) | ||
| Monetary Theory and Policy | ||
| Industrial Organization (Approved as Capstone) | ||
| Natural Resource Economics | ||
| Environmental Economics | ||
| Other Requirements | ||
| ECON 410 | Econometrics | 3 |
| ACCT 200 | Elements of Accounting I | 3 |
| ACCT 201 | Elements of Accounting II | 3 |
| CSCI 122 | Visual BASIC | 3 |
| Additional Electives: Select 3 credits from the following | 3 | |
| International Business | ||
| Global Business Environment | ||
| International Trade | ||
| International Finance | ||
| International Management | ||
| International Marketing | ||
| Quantitative Tools: Select 3 credits from the following | 3 | |
| Accounting Information Systems | ||
| Quantitative Methods & Decision Making | ||
| Operations Management | ||
| Additional Requirements: 3 credits of Humanities & Fine Arts | 3 | |
Humanities & Fine Arts: Select 3 credits form the current general education list or any course with the prefix of: ART, CLAS, ENGL, FREN, GERM, HIST, HUM, MUSC, PHIL, SPAN, or THEA | ||
| Minor in Business Administration or Accounting Required | 10 | |
This option requires the completion of either the business administration or accounting minor. Approximately 10+ credits for either of these minors remains after the completion of the Other Requirements for this option. The minor must be officially declared through the Office of Registration and Records. | ||
| Total Credits | 43 | |
Minor Requirements
Economics Minor
Minor Requirements
Required Credits: 18
| Code | Title | Credits |
|---|---|---|
| Required Courses | ||
| ECON 201 | Principles of Microeconomics | 3 |
| ECON 202 | Principles of Macroeconomics | 3 |
| ECON 341 | Intermediate Microeconomics | 3 |
| or BUSN 487 | Managerial Economics | |
| ECON 343 | Intermediate Macroeconomics | 3 |
| Elective Courses | ||
| ECON 300-400 | Elective | 3 |
| ECON 400 | Elective | 3 |
| Total Credits | 18 | |
Minor Requirements and Notes
- A minimum of 8 credits must be taken at NDSU.
- Students must earn a minimum 2.00 GPA for the minor requirements.
- This minor is not available to Agricultural Economics majors.