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College of Arts & Sciences

Economics (A&S)

120

Semester Hours

30

Major Hours

31

Core Hours

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The Economics major pairs a strong grounding in business with economics. Majors learn about accounting, finance and management while discovering how to forecast general economic conditions, estimate trends, analyze data, and use economic theory to help their organization operate more efficiently.  

Careers

Grow Your Future

Economics is a social science and as such an important component of the liberal arts curriculum.  It provides a useful background for students interested in exciting and rewarding careers in private business, consulting, government, financial service institutions and numerous other sectors. Economics majors are also well-suited for graduate programs including MBA and MPA programs, and law schools.

Career opportunities in Economics

  • Economic Forecaster
  • Researcher/Analyst for government agencies
  • Teaching in public schools or higher education
  • Legal consultant

Current Curriculum Information

Access Major Template

source: myUK: GPS

  • Economics (BA) 120 hours

Click to toggle each Academic Year. Click each course for more information.

Freshman Year

Fall Semester
  • UK Core - Comp. & Comm. I3
  • Foreign Language 1014
  • UK Core - Community, Culture and Citizen3
  • Economics Calculus Options4
    • Total15
Spring Semester
  • ECO 201 - PRINCIPLES OF ECONOMICS I3

    The study of the allocation of scarce resources from the viewpoint of individual economic units. Topics include household and firm behavior, competitive pricing of goods and resources, and monopoly power.

  • UK Core - Comp. & Comm. II3
  • Foreign Language 1024
  • UK Core - Humanities3
  • Economics Calculus (or Elective)3
    • Total16
    • Total Freshman Hours31

Sophomore Year

Fall Semester
  • ECO 202 - PRINCIPLES OF ECONOMICS II3

    A study of how society’s needs are satisfied with the limited resources available. Topics include contemporary issues such as inflation, unemployment, economic growth, international dependencies, and how public policy deals with them. A critical understanding of the U.S. and global economies will enhance your value as a manager or executive of a business (whether for-profit or non-profit), as a family member dealing with jobs and financial decisions, and as a voter in a democracy. The course will allow you to become knowledgeable of, and able to critically think about, the major macroeconomic issues of unemployment, jobs, recessions, economic growth, inflation, deflation, oil prices, monetary policy, the Federal Reserve, fiscal policy, budget deficits, the national debt, international trade, international finance, and the financial system.

  • UK Core - Statistical Inferential Reason3
  • Foreign Language 2013
  • A&S Natural Sciences Course (100+ level)3
  • A&S Humanities (100+ level)3
  • A&S Lab or Field Work1
    • Total16
Spring Semester
  • STA 296 - STATISTICAL METHODS AND MOTIVATIONS3

    Introduction to principles of statistics with emphasis on conceptual understanding. Students will articulate results of statistical description of sample data (including bivariate), application of probability distributions, confidence interval estimation and hypothesis testing to demonstrate properly contextualized analysis of real-world data.

  • UK Core - Social Sciences3
  • A&S Natural Sciences Course (100+ level)3
  • Foreign Language 2023
  • UK Core - Arts and Creativity3
    • Total15
    • Total Sophomore Hours31

Junior Year

Fall Semester
  • ECO 391 - ECONOMIC AND BUSINESS STATISTICS.3

    A survey of statistical techniques relevant to modern economics and business, with major emphasis on correlation and regression, Bayesian decision theory, index numbers, time series analysis, and forecasting models. Prereq: STA 296 or STA 381 or equivalent.

  • ECO 401 - INTERMEDIATE MICROECONOMIC THEORY3

    An analysis of the behavior of consumers and firms, price determination, various market structures, and income distribution. Prereq: ECO 201 or equivalent with a grade of C or higher and ECO 202 or equivalent with a grade of C or higher.

  • UK Core - Natural, Physical and Math3
  • Course Outside Economics (200+ level)3
  • Course Outside Economics (300+ level)3
    • Total15
Spring Semester
  • ECO 402 - INTERMEDIATE MACROECONOMIC THEORY3

    National income concepts, the determination of aggregate income and employment, the theory of money and inflation and problems of economic growth. Prereq: ECO 202 or equivalent and ECO 401 taken previously or permission of instructor.

  • UK Core - Global Dynamics3
  • Course Outside Economics (300+ level)3
  • Course Outside Economics (300+ level)3
  • Economics Course (300+ level)3
    • Total15
    • Total Junior Hours30

Senior Year

Fall Semester
  • Economics Course (300+ level)3
  • Economics Course (300+ level)3
  • Economics Course (300+ level)3
  • Course Outside Economics (300+ level)3
  • A&S Approved Elective (100+ level)3
    • Total15
Spring Semester
  • ECO 499 - SEMINAR IN ECONOMICS (SUBTITLE REQUIRED)3

    Readings, research and discussion in a seminar format to illuminate problems of historical and contemporary interest in areas of special faculty competence. May be repeated to a maximum of nine credits, but may not be repeated under the same subtitle. Will be limited to a maximum of 15 students. This course is a Graduation Composition and Communication Requirement (GCCR) course in certain programs, and hence is not likely to be eligible for automatic transfer credit to UK.

  • A&S Humanities (100+ level)3
  • Economics Course (300+ level)3
  • A&S Approved Elective (100+ level)3
  • A&S Approved Elective (100+ level)3
    • Total15
    • Total Senior Hours30
  • Economics (BS) 120 hours

Click to toggle each Academic Year. Click each course for more information.

Freshman Year

Fall Semester
  • Foreign Language 2013
  • UK Core - Comp. & Comm. I3
  • UK Core - Community, Culture and Citizen3
  • Economics Calculus Options4
  • Natural Science/Math Course (100+ level)3
    • Total17
Spring Semester
  • MA 162 - FINITE MATHEMATICS AND ITS APPLICATIONS3

    Finite mathematics with applications to business, biology, and the social sciences. Linear functions and inequalities, matrix algebra, linear programming, probability. Emphasis on setting up mathematical models from stated problems.

  • ECO 201 - PRINCIPLES OF ECONOMICS I3

    The study of the allocation of scarce resources from the viewpoint of individual economic units. Topics include household and firm behavior, competitive pricing of goods and resources, and monopoly power.

  • Foreign Language 2023
  • UK Core - Comp. & Comm. II3
  • UK Core - Humanities3
  • Natural Science/Math Course (100+ level)3
    • Total18
    • Total Freshman Hours35

Sophomore Year

Fall Semester
  • ECO 202 - PRINCIPLES OF ECONOMICS II3

    A study of how society’s needs are satisfied with the limited resources available. Topics include contemporary issues such as inflation, unemployment, economic growth, international dependencies, and how public policy deals with them. A critical understanding of the U.S. and global economies will enhance your value as a manager or executive of a business (whether for-profit or non-profit), as a family member dealing with jobs and financial decisions, and as a voter in a democracy. The course will allow you to become knowledgeable of, and able to critically think about, the major macroeconomic issues of unemployment, jobs, recessions, economic growth, inflation, deflation, oil prices, monetary policy, the Federal Reserve, fiscal policy, budget deficits, the national debt, international trade, international finance, and the financial system.

  • A&S Humanities (100+ level)3
  • A&S Natural Sciences Course (100+ level)3
  • A&S Lab or Field Work1
  • Natural Science/Math Course (100+ level)3
  • Natural Science/Math Course (100+ level)3
    • Total16
Spring Semester
  • STA 296 - STATISTICAL METHODS AND MOTIVATIONS3

    Introduction to principles of statistics with emphasis on conceptual understanding. Students will articulate results of statistical description of sample data (including bivariate), application of probability distributions, confidence interval estimation and hypothesis testing to demonstrate properly contextualized analysis of real-world data.

  • UK Core - Social Sciences3
  • UK Core - Arts and Creativity3
  • Natural Science/Math Course (100+ level)3
  • Natural Science/Math Course (100+ level)3
  • Natural Science/Math Course (100+ level)3
    • Total18
    • Total Sophomore Hours34

Junior Year

Fall Semester
  • ECO 391 - ECONOMIC AND BUSINESS STATISTICS.3

    A survey of statistical techniques relevant to modern economics and business, with major emphasis on correlation and regression, Bayesian decision theory, index numbers, time series analysis, and forecasting models. Prereq: STA 296 or STA 381 or equivalent.

  • ECO 401 - INTERMEDIATE MICROECONOMIC THEORY3

    An analysis of the behavior of consumers and firms, price determination, various market structures, and income distribution. Prereq: ECO 201 or equivalent with a grade of C or higher and ECO 202 or equivalent with a grade of C or higher.

  • Course Outside Economics (200+ level)3
  • Course Outside Economics (300+ level)3
  • UK Core - Natural, Physical and Math3
    • Total15
Spring Semester
  • ECO 402 - INTERMEDIATE MACROECONOMIC THEORY3

    National income concepts, the determination of aggregate income and employment, the theory of money and inflation and problems of economic growth. Prereq: ECO 202 or equivalent and ECO 401 taken previously or permission of instructor.

  • Economics Course (300+ level)3
  • Course Outside Economics (300+ level)3
  • Course Outside Economics (300+ level)3
  • UK Core - Global Dynamics3
    • Total15
    • Total Junior Hours30

Senior Year

Fall Semester
  • Economics Course (300+ level)3
  • Economics Course (300+ level)3
  • Course Outside Economics (300+ level)3
  • Course Outside Economics (300+ level)3
  • A&S Approved Elective (100+ level)3
    • Total15
Spring Semester
  • ECO 499 - SEMINAR IN ECONOMICS (SUBTITLE REQUIRED)3

    Readings, research and discussion in a seminar format to illuminate problems of historical and contemporary interest in areas of special faculty competence. May be repeated to a maximum of nine credits, but may not be repeated under the same subtitle. Will be limited to a maximum of 15 students. This course is a Graduation Composition and Communication Requirement (GCCR) course in certain programs, and hence is not likely to be eligible for automatic transfer credit to UK.

  • Economics Course (300+ level)3
  • Natural Science/Math Course (100+ level)3
  • Natural Science/Math Course (100+ level)3
  • Natural Science/Math Course (100+ level)3
  • A&S Approved Elective (100+ level)3
    • Total18
    • Total Senior Hours33

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