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Gatton College of Business & Economics

Economics

120

Total Hours

24

Economics Hours

31

UK Core Hours

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Gatton College

Undergraduate Resource Center

Gatton College of Business and Economics

Gatton College of Business & Economics

Gatton College of Business and Economics

University of Kentucky

Lexington, KY 40506-0034

Program website

859.257.4627

  • BS
Other programs from the Gatton College of Business & Economics:

Build the expertise to forecast economic conditions, estimate trends, and use economic theory to help understand how consumers, firms, and governments behave. You'll develop a unique mix of analytical and applied business skills, preparing you for upper level management, research and public service careers. 

Careers

Real-World Preparation

Students in economics are prepared to find careers in government and business with organizations as diverse as Summit Energy, the FBI, and Teach for America. Gatton's economics majors are also encouraged go onto graduate school, and enter management training programs.

Current Curriculum Information

Access Major Template

source: myUK: GPS

  • 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.

  • 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)0
  • 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)0
  • Economics Course (300+ level)0
  • 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)0
  • 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
  • Economics (BSBE) 120 hours

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

Freshman Year

Fall Semester
  • UK 101 - ACADEMIC ORIENTATION1

    This course is designed to assist undergraduates in adjusting to the academic life of the University. Through lectures, discussions, exercises, and out-of-class assignments, UK 101 helps first-year students: articulate the purpose and nature of a college education at a research university; articulate UK’s expectations of its students; gain an appreciation of the University’s mission, history, and traditions; develop skills for achieving academic success such as study strategies and library research skills; increase awareness and use of campus resources; reflect on personal and social issues that first-year students often face in a college environment; become involved in the total life of the University; and form beneficial relationships with students, faculty, and staff.

  • UK Core - Comp. & Comm. I3
  • MA 109 - COLLEGE ALGEBRA3

    Selected topics in algebra. Develops manipulative algebraic skills and mathematical reasoning required for further study in mathematics. Includes brief review of basic algebra, quadratic formula, systems of linear equations, introduction to functions and graphing. This course is not available for credit to persons who have received credit in any mathematics course of a higher number with the exceptions of MA 111, 112, 123, 162, 201 and 202. Credit not available on the basis of special examination. Prereq: Two years of high school algebra and a Math ACTE score of 21 or above or a Math SAT score of 510 or above; or MA 108R; or appropriate score on the math placement test or grade C or better in MA 111.

  • UK Core course3
  • UK Core course3
  • UK Core course3
    • Total17
Spring Semester
  • UK Core - Comp. & Comm. II3
  • MA 123 - ELEMENTARY CALCULUS AND ITS APPLICATIONS4

    An introduction to differential and integral calculus, with applications to business and the biological and physical sciences. Not open to students who have credit in MA 113 or MA 137. Note: Math placement test recommended. Prereq: Math ACT score of 26 or above, or Math SAT of 600 or above, or MA 109, or appropriate math placement score, or consent of department.

  • UK Core course3
  • UK Core course3
  • UK Core course3
    • Total16
    • Total Freshman Hours33

Sophomore Year

Fall 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.

  • ACC 201 - FINANCIAL ACCOUNTING I3

    This course is designed to provide an introduction to financial accounting from the users' perspectives. Its primary purposes are to promote understanding of financial accounting information for decision making purposes and to focus on financial accounting's role in communicating business results.

  • 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.

  • MKT 300 - MARKETING MANAGEMENT3

    The literature and problems in the retail distribution of consumers' goods, wholesale distribution of consumers' goods, industrial goods, sales organizations, sales promotion and advertising, and price policies.

  • Elective3
    • Total15
Spring 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.

  • ACC 202 - MANAGERIAL USES OF ACCOUNTING INFORMATION3

    An introduction to the use of accounting data within an organization to analyze and solve problems and to make planning and control decisions.

  • MGT 301 - BUSINESS MANAGEMENT3

    A study of planning, organizing and controlling; an interdisciplinary approach; actual decision-making cases.

  • 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.

  • Elective3
  • B&E 105 - TECHNOLOGY FOR BUSINESS SOLUTIONS1

    This course prepares pre-major students in the Gatton College of Business & Economics to use business software at a high level of proficiency and focuses on Microsoft Excel and Access. Lectures will be supplemented with hands on experiences with business problems.

    • Total16
    • Total Sophomore Hours31

Junior Year

Fall Semester
  • 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.

  • FIN 300 - CORPORATION FINANCE3

    An introduction to the basic principles, concepts, and analytical tools in finance. Includes an examination of the sources and uses of funds, budgeting, present value concepts and their role in the investment financing and dividend decision of the corporate enterprise.

  • 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.

  • CIS 300 - STRATEGIC BUSINESS AND PROFESSIONAL COMMUNICATION (W)3

    This communication intensive course prepares B&E majors for their careers by developing effective communication skills (integrated written, oral, and visual) applied specifically to today’s technology- driven and global business environment. The course will focus on developing strong communication skills in interpersonal settings, on small group teams, and when delivering public presentations. Students will prepare cover letters, resumes, websites, and portfolios; develop effective interviews skills in face-to-face and online environments; communicate effectively based on audience analysis in face-to-face and online settings; deliver effective formal public business presentations (informative and persuasive) based on audience analysis and using a variety of presentational aids that enhance the message; and learn to manage data, graphics, and a positive online presence (e.g. websites, blogs, social media outlets, email messages, and webinars). 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.

  • Elective3
    • 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.

  • ECO 400 level and above3
  • AN 300 - ANALYZING BUSINESS OPERATIONS3

    To be well-prepared, a business graduate must appreciate the nature and importance of an enterprise’s operations. This core business course introduces underlying concepts and basic analytical techniques essential for managing a firm’s manufacturing and service operations. Operations decisions focus on how to plan, control, and coordinate the organizational resources and processes concerned with producing and distributing goods and/or services. This course emphasizes quantitative and technology-based analyses of real decision problems involving such operations issues as quality control, capacity planning, location analysis, layout analysis, inventory management, forecasting, and project management within a business firm.

  • Elective3
  • Elective3
    • Total15
    • Total Junior Hours30

Senior Year

Fall Semester
  • ECO 400 level and above3
  • ECO 400 level and above3
  • MGT 340 - ETHICAL AND REGULATORY ENVIRONMENT3

    This course focuses on ethical principles, the nature of the capitalist-collectivist continuum, government influence on business, and the responsibility of business to society. Topics to be considered include major approaches to ethical reasoning, antitrust law, social regulation, and the economic and social theories that undergird the concept of the social responsibility of business

  • Elective3
  • Elective3
    • Total15
Spring Semester
  • ECO 400 level and above3
  • 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.

  • B&E Elective3
  • Elective3
  • Elective3
    • Total15
    • Total Senior Hours30

Classes & Requirements

What You'll Study

The Bachelor of Science in Business Economics (BSBE) program in the Gatton College pairs a strong grounding in business with economics. Students will learn about accounting, finance and management while also discovering how to forecast general economic conditions, estimate trends, analyze data, and use economic theory to help their organization operate more efficiently.

To earn the Bachelor of Science degree in Economics, students in the Gatton College of Business and Economics must fulfill University Studies requirements (students enrolled prior to Fall 2011) or UKCore requirements (students enrolled Fall 2011 on), the College premajor, College core requirements and major requirements.

This degree requires a minimum 120 semester hours. Students must complete the premajor courses for Economics majors and at least 24 credit hours of upper-division coursework from the School of Economics.

Minimum Total Hours: 120

University Studies Requirements UK Core Requirements

 

Major Requirements 

ECO 401          Intermediate Microeconomic Theory (3)

ECO 402          Intermediate Macroeconomic Theory (3)

ECO 499          Seminar in Economics (3)

Upper-Level elective in Gatton College (3) *(select one three hour ACC, FIN, MGT or MKT course)

ECO electives (400 Level & above)     (12)


Four Year Plan for students under UK Core requirements

Course Flow Chart


Contact

Gatton College

Undergraduate Resource Center

Gatton College of Business and Economics

Gatton College of Business & Economics

Gatton College of Business and Economics

University of Kentucky

Lexington, KY 40506-0034

859.257.4627

Other programs from the Gatton College of Business & Economics:

Get more information about going to the University of Kentucky