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 Major in Economics

  • Note: To transfer into the Economics Major from another major or undeclared, you must have a combined GPA of at least 2.5 for ECO 231 Principles of Microeconomics and ECO 232 Principles of Macroeconomics, with a cumulative GPA of at least 2.0.

Program Outcomes

Learning Outcomes for Economics Majors

      After completing the major in economics, students will be able to:

  •     Explain fundamental theories, concepts, and analytical methods of microeconomics and macroeconomics.
    • Compute and evaluate opportunity costs of different decision-makers to determine the most efficient outcome.
    • Predict and evaluate consumption and production decisions by comparing marginal benefits with marginal costs.
    • Discuss, compute, and illustrate graphically the effects of changes in the determinants of demand and supply on the equilibrium price and quantity.
    • Explain, compute, and illustrate graphically the relationships between a firm's output and its inputs.
    • Define, compute and compare macroeconomic measurement variables, such as GDP, unemployment, and inflation,
  •     Apply the general concepts learned from principles of economics to specific fields of economics.
    • Compare, contrast, and evaluate economic growth and stabilization models.
    • Explain and assess the banking and monetary systems of the U.S. economy and compare and contrast them with banking and monetary systems of other countries.
  • Apply mathematical tools and techniques and evaluate the results obtained from such application to analyze economic problems.
    • Recognize when to use and correctly apply mathematical tools and techniques in analyzing economic problems.
    • Use the results obtained from the application of mathematical techniques to analyze a range of economic problems.
  • Compare and evaluate the costs and benefits of various government policies. 
    • Apply economic decision-making tools to evaluate the effects of various macroeconomic and microeconomic government policies intended to improve social welfare.
  • Communicate, in writing and orally, fundamental economic theories, concepts, analytical methods, and policy choices.

 

Requirements for the Major on Economics

Introductory level major requirements

  • ECO 231 - Principles of Microeconomics
  • ECO 232 - Principles of Macroeconomics

Core major requirements

  • ECO 300 - Mathematical Economics
  • ECO 301 - Intermediate Microeconomics
  • ECO 311 - Intermediate Macroeconomics
  • ECO 332 - Economic Statistics

Upper-level electives

  • 12 credits of 300- or 400-level ECO courses

Research course requirements

  • Two 400-level ECO courses
  • Research courses require a research paper. All 400-level courses in Economics require a research paper. Under some circumstances, students may be allowed to use a 300-level course toward this requirement if the course includes a requirement of a major research paper.

Total credits: 36

University and College Requirements:

  • A total of 120 credits, including major courses, distribution courses, general education courses, university required courses, and free electives.
  • A minimum of 45 credits earned at UMass Dartmouth, regardless of how many credits are transferred from other schools (applies to transfer students). A maximum of 60 credits may be transferred from the combination of two-year schools and advanced placement.
  • At least 30 credits in advanced or specialized courses must be earned at UMass Dartmouth. These are courses at the 300 or 400 level in any department, including courses in Economics.
  • A minimum 2.0 GPA in all courses.
  • A minimum 2.0 GPA in all courses required for the major.
  • Not more than 8 withdrawals: transcript entries of W, WP, or WF    

Distribution Requirements

  • Freshman English: ENL 101 & ENL 102 (6 credits)
  • Literature: 6 credits in literature courses offered in English or Foreign Literature and Languages. ( Note that not all ENL courses are "Literature" courses).
  • Natural Science: 9 credits in courses offered in Biology, Chemistry, Medical Laboratory Science, or Physics.
  • Humanities: 9 credits in courses of History, Philosophy, Art Theory, Art History, Music Theory, or Music History. (Note that "applied" courses in Art or Music do not count). Not more than 6 credits in any one field.
  • Social Science: 12 credits in Political Science, Psychology, Sociology, or Anthropology. Not more than 6 credits in any one field.
  • Foreign Language through the 202 level: 12 credits   

Total Credits for Distribution Requirements: 54

Summary of Credit Requirements:

  • Major Requirements: 36
  • Distribution Requirements: 54
  • Free Electives: 30
  • Total credits: 120

University Studies Requirements

Students who became economics majors after 2012 are required to complete the University Studies Requirements. University Studies

The University Studies component of the Engaged Community is defined primarily by a set of required courses in various areas.  These areas are constructed so that students will be exposed to academic experiences that will help them achieve the outcomes in the UMD Commitment to Student Learning.  

There are five Clusters in the University Studies Curriculum:

1. Foundations for Engagement: Skills for the 21st Century

2. The Natural World: Scientific Inquiry and Understanding

3. The Cultural World: Aesthetic and Interpretive Understanding

4. The Social World: Humanity and Society

5. The Educated and Engaged Citizen: Integrating the UMD Experience

Each Cluster has a set of required courses:

1. Foundations for Engagement: Skills for the 21st Century

A. Critical Writing and Reading I – ENL 101 (3 credits)

B. Critical Writing and Reading II – ENL 102 (3 credits)

C. Intermediate Writing (3 credits)

D. Mathematics (3 credits) E. Foundation for Learning through Engagement (variable credit)

2. The Natural World: Scientific Inquiry and Understanding

A. Science of the Natural World (3 credits)

B. Science in the Engaged Community (3 credits)

3. The Cultural World: Aesthetic and Interpretive Understanding

A. Literature (3 credits)

B. Visual and Performing Arts (3 credits)

4. The Social World: Humanity and Society

A. Human Questions and Contexts (3 credits)

B. The Nature of US Society (3 credits)

C. The Nature of the Global Society (3 credits)

5. The Educated and Engaged Citizen: Integrating the UMD Experience

A. Capstone Study (3 credits)

B. Learning Through Engagement (variable credit) 

General Education Requirements:

Students who began there academic career prior to 2013 may be required to complete the General Education Requirements

General education requirements (Gen Ed) take their place beside the requirements for the major and the distribution requirements of the college. They are "overlay" requirements, not seperate requirements. Any course used to satisfy a Gen Ed requirement may also be used to satisfy a major or distribution requirement. For example, ECO 231 Principles of Microeconomics is a requirement for the economics major; however, it also satisfies a Gen Ed requirement of Ethics and Social responsibility or Global Awareness.

Note: A course may do "double duty" by fulfilling a major or distribution requirement and a Gen Ed requirement, but it cannot satisfy two different general education requirements, even if it is listed on two lists. The Gen Ed requirements fall into several categories:

  • Cultural and Artistic Literacy (9 credits)
  • Ethics and Social Responsibility (3 credits)
  • Global Awareness (3 credits)
  • Cultural Diversity (3 credits)
  • Math (3 credits)
  • Science (6 credits)
  • Written Communication Skills (3 credits)
  • Oral Communication Skills (3 credits)
  • Tier II Information and Computer Literacy (3 credits)
  • For more information on Gen Ed requirements, see the General Catalogue.

Helpful Resources

General Education Requirements Tracking Sheet for the Economics Major
University Studies Requirements Tracking Sheet for the Economics Major

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