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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
  • Composition and Communication I3
  • Foreign Language 1014
  • Community, Culture and Citizenship in the USA3
  • 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

    Composition and Communication II

  • Foreign Language 1024
  • Intellectual Inquiry in the 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.

  • Statistical Inferential Reasoning3
  • 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.

  • Intellectual Inquiry in the Social Sciences3
  • A&S Natural Sciences Course (100+ level)3
  • Foreign Language 2023
  • Intellectual Inquiry in Arts and Creativity3
    • Total15
    • Total Sophomore Hours31

Junior Year

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

    This course provides a survey of empirical techniques relevant to modern economics and business, with a major emphasis on estimation, hypothesis testing, correlation, modeling, analysis of variance, regression, forecasting, and time series analysis. Many of the upper division courses in Accounting, Agriculture Economics, Analytics, Economics, Finance, Management, Marketing, and Public Policy use and build upon the statistical techniques and analysis learned in ECO 391.

  • 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.

  • Intellectual Inquiry in the Natural, Physical and Mathematical Sciences3
  • 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.

  • 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
  • Composition and Communication I3
  • Community, Culture and Citizenship in the USA3
  • 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

    Composition and Communication II

  • Intellectual Inquiry in the 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.

  • Intellectual Inquiry in the Social Sciences3
  • Intellectual Inquiry in 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

    This course provides a survey of empirical techniques relevant to modern economics and business, with a major emphasis on estimation, hypothesis testing, correlation, modeling, analysis of variance, regression, forecasting, and time series analysis. Many of the upper division courses in Accounting, Agriculture Economics, Analytics, Economics, Finance, Management, Marketing, and Public Policy use and build upon the statistical techniques and analysis learned in ECO 391.

  • 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
  • Intellectual Inquiry in the Natural, Physical and Mathematical Sciences3
    • 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
  • 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

Classes & Requirements

What You'll Study

Economics majors explore theoretical and applied courses in diverse areas including microeconomics, macroeconomics, labor, money and banking, international economics, public economics, and industrial organization. Students pursue these interests within the framework of a liberal arts education.


Graduation Requirements

Any student earning a Bachelor of Arts (BA) degree must complete a minimum of 39 hours at the 300+ level. These hours are generally completed by the major requirements. However, keep this hour requirement in mind as you choose your course work for the requirements in the major. See the complete description of College requirements for a Bachelor of Arts degree in the Arts and Sciences section of the 2015-2016 Undergraduate Bulletin.

UK Core Requirements

  • The Nature of Inquiry in Arts and Creativity (3 hours)
  • The Nature of Inquiry in the Humanities (3 hours)
  • The Nature of Inquiry in the Social Sciences (3 hours)
  • The nature of Inquiry in the Natural, Physical and Mathematical Sciences (3 hours)
  • Composition and Communication I (3 hours)
  • Composition and Communication II (3 hours)
  • Quantitative Foundations (3 hours)
  • Statistical and Inferential Reasoning (3 hours)
  • Community, Culture and Citizenship in the USA (3 hours)
  • Global Dynamics (3 hours)

Total Credit Hours - 30


Premajor Requirements 

  • MA 113 - Calculus I or MA 123 - Elementary Calculus and its Applications and MA 162 - Finite Mathematics and its Applications [4-7 Hours]
  • ECO 201 - Principles of Economics I [3 hours]
  • ECO 202 - Principles of Economics II [3 hours]
  • STA 291 - Statistical Methods [3 hours]

Total Hours - 13-16

Major Requirements 

Core Requirements

  • ECO 391 - Economics and Business Statistics [3 hours]
  • ECO 401 - Intermediate Microeconomic Theory [3 hours]
  • ECO 402 - Intermediate Macroeconomic Theory [3 hours]
  • ECO 499 - Seminar in Economics [3 hours]

Other Course Work within the Department

  • Choose 9-15 hours of 300+ level Economics courses [9-15 hours]

Course Work Outside the Department

  • Choose 15-21 hours outside Economics at the 200+ level, with at least 6 hours in two different departments. These courses are generally chosen from the following departments: Anthropology, Computer Science, History, Mathematics, Philosophy, Political Science, Psychology, Sociology, Statistics, or other courses offered by the College of Business and Economics. 200+ level courses used to satisfy College Requirements can be counted here [15-21 hours]

Total Hours - 42

Economics B.A. Four Year Plan

Featured Career

Economists

Economists study the production and distribution of resources, goods, and services by collecting and analyzing data, researching trends, and evaluating economic issues.

Source: Bureau of Labor Statistics | Click the link for more info.

Median Salary

$95,710

per year in 2014

Number of Jobs

21,500

in 2014

10 Year Job Outlook

1,200

new jobs (average)

Work Environment

Although the majority of economists work independently in an office, some collaborate with other economists and statisticians. Most economists work full time during regular business hours, but occasionally they work overtime to meet deadlines.

Source: Bureau of Labor Statistics

Read More

Similar Occupations

Source: Bureau of Labor Statistics

  • Actuaries
  • Budget Analysts
  • Financial Analysts
  • Market Research Analysts
  • Mathematicians
  • Operations Research Analysts
  • Political Scientists
  • Postsecondary Teachers
  • Statisticians
  • Survey Researchers

A&S Undecided/Exploratory Studies

Understanding that over 70 percent of university students will change their declared major at least once during their college careers, the College of Arts and Sciences has developed an Exploratory Studies program for students who have yet to decide the specific field of study that most closely aligns both their personal interests and their professional career goals and objectives. The Exploratory Studies Program provides students with an extraordinarily diverse educational environment that includes coursework spanning Math and Natural Sciences, Humanities, and Social Sciences and provides students with the unique opportunity to explore multiple areas of interest during their first several semesters on campus. For more information please contact a recruiting representative at asrecruting@uky.edu. 


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