Economics
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 30 credits must be NDSU resident credits. Resident credits include credits registered and paid for at NDSU.
- At least 36 credits presented for graduation must be in courses numbered 300 or higher.
- Students presenting transfer credit must meet the NDSU residence credits and the minimum upper level credit. Of the 30 credits earned in residence, a minimum of 15 semester credits must be in courses numbered 300 or above, and 15 semester credits must be in the student’s curricula for their declared major.
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 Requirements for all options
| Code | Title | Credits |
|---|---|---|
| Economics Core Requirements | ||
| ECON 189 | Skills for Academic Success 1 | 1 |
| ECON 201 | Principles of Microeconomics | 3 |
| ECON 202 | Principles of Macroeconomics | 3 |
| ECON 211 | Introduction to Computational Economics | 3 |
| ECON 341 | Intermediate Microeconomics | 3 |
| ECON 343 | Intermediate Macroeconomics | 3 |
| TL 116 | Business Software Applications | 3 |
| Capstone | 3 | |
| Game Theory and Strategy | ||
| Economic Development | ||
| Public Economics | ||
| Health Economics | ||
| Industrial Organization | ||
| Program Option: Select one of three options to complete the major: | 33-47 | |
| 1) Standard | ||
| 2) Quantitative | ||
| 3) Business Economics | ||
| Total Credits | 55-69 | |
- 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 ECON 189. If a student has completed another NDSU [Prefix] 189 course, this will substitute for ECON 189.
Standard Option
NOTE: Students selecting the Standard Option may complete either a Bachelor of Science or a Bachelor of Arts degree.
| Code | Title | Credits |
|---|---|---|
| Standard Option Requirements | ||
| MATH 144 | Mathematics for Business | 4 |
| STAT 330 | Introductory Statistics | 3 |
| or STAT 367 | Probability | |
| STAT 331 | Regression Analysis 2 | 2-3 |
| or ECON 410 | Econometrics | |
| Economics Electives | 15 | |
| Economics of Entrepreneurship | ||
| Econometrics 2 | ||
| Computational Economics | ||
| Game Theory and Strategy (if not taken as capstone) | ||
| Economic Development (if not taken as capstone) | ||
| Labor Economics | ||
| Public Economics (if not taken as capstone) | ||
| International Trade | ||
| Health Economics (if not taken as capstone) | ||
| Monetary Theory and Policy | ||
| Industrial Organization (if not taken as capstone) | ||
| Natural Resource Economics | ||
| Environmental Economics | ||
Select no more than 6 credits from the following as part of the 15 credits of economics electives: | ||
| Quantitative Methods & Decision Making | ||
| Agricultural Price Analysis | ||
| Applied Risk Analysis | ||
| Principles of Real Estate | ||
| Agribusiness Industrial Strategy | ||
| Agribusiness Finance | ||
| Managerial Economics | ||
| Money and Banking | ||
| History of Economic Thought | ||
| Investment Analysis and Management | ||
| Options, Futures, and Other Derivatives | ||
| Management of Financial Institutions | ||
| International Finance | ||
| Advanced Bank Management | ||
| Corporate Finance | ||
| Additional Social & Behavioral Requirements | 6 | |
In addition to the 6 credits for general education, students must complete 6 credits of social and behavioral sciences. Three 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. | ||
| Bachelor of Science or Bachelor of Arts Requirements - A student must select either a BS or BA degree. The following requirements apply to the specific degree type selected: | 3-16+ | |
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 | 33-47 | |
- 2
STAT 331 is waived if ECON 410 is taken.
Quantitative Economics option
NOTE: Students selecting the Quantitative Economics Option complete a Bachelor of Science degree only.
| Code | Title | Credits |
|---|---|---|
| Quantitative Economics Option Requirements | ||
| CSCI 122 | Visual BASIC | 3 |
| or CSCI 159 | Computer Science Problem Solving | |
| ECON 410 | Econometrics | 3 |
| ECON 411 | Computational Economics | 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 | |
| or CSCI 366 | Database Systems | |
| STAT 367 | Probability | 3 |
| or STAT 467 | Probability and Mathematical Statistics I | |
| Economics Electives - Select 6 credits from the following 400-level economics electives: | 6 | |
| Economics of Entrepreneurship | ||
| Computational Economics | ||
| Game Theory and Strategy (if not used as capstone) | ||
| Economic Development (if not used as capstone) | ||
| Labor Economics | ||
| Public Economics (if not used as capstone) | ||
| International Trade | ||
| Health Economics (if not used as capstone) | ||
| Monetary Theory and Policy | ||
| Industrial Organization (if not used as capstone) | ||
| Natural Resource Economics | ||
| Environmental Economics | ||
| Minor Requirement | ||
| 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 any of these minors remains after the completion of the option requirements. The minor must be officially declared through the Office of Registration and Records. | ||
| Total Credits | 42-47 | |
Business Economics option
NOTE: Students selecting the Business Economics Option complete a Bachelor of Science degree only.
| Code | Title | Credits |
|---|---|---|
| Business Economics Option Requirements | ||
| ECON 410 | Econometrics | 3 |
| ACCT 200 | Elements of Accounting I | 3 |
| ACCT 201 | Elements of Accounting II | 3 |
| CSCI 122 | Visual BASIC | 3 |
| Economics Electives - Select 9 credits from the following: | 9 | |
| Economics of Entrepreneurship | ||
| Computational Economics | ||
| Game Theory and Strategy (if not used as capstone) | ||
| Economic Development (if not used as capstone) | ||
| Labor Economics | ||
| Public Economics (if not used as capstone) | ||
| International Trade | ||
| Health Economics (if not used as capstone) | ||
| Monetary Theory and Policy | ||
| Industrial Organization (if not used as capstone) | ||
| Natural Resource Economics | ||
| Environmental Economics | ||
| 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 | ||
| Minor Requirement | ||
| Minor in Business Administration, Accounting, Banking or Entrepreneurship Required | 10 | |
This option requires the completion of a minor in Business Administration, Accounting, Banking, or Entrepreneurship. Approximately 10+ credits for the minor remains after the completion of the option requirements. The minor must be officially declared through the Office of Registration and Records. | ||
| Total Credits | 37 | |
PROGRAM NOTES:
- Students selecting economics must complete the courses in the Core Requirement area and the requirements outlined within one of the identified option areas listed below: 1) Standard Option 2) Quantitative Economics Option or 3) Business Economics Option.
- Students must earn a minimum 2.00 cumulative GPA in courses that satisfy the core requirement and option requirements.
Minor Requirements
Minor: Economics
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.