- 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.
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.
- One 100-level ECO course (optional) - 0-3 credits
You may not count a 100-level ECO course towards the major after completing any 300 or 400 level Economics course. An additional 300 or 400 level course may be required. See note on Upper-level electives below.
Introductory level major requirements
- ECO 231 - Principles of Microeconomics
- ECO 232 - Principles of Macroeconomics
Core major requirements
- ECO 301 - Intermediate Microeconomics
- ECO 311 - Intermediate Macroeconomics
- ECO 332 - Economic Statistics
- 15 credits of 300- or 400-level ECO courses
Majors are encouraged to take a 100-level Economics course during their freshman or sophomore year. However, Economics majors may not take any 100-level Economics course for credit toward the major after completing any 300 or 400-level Economics course. In this case, an additional 300-level or 400-level course is required, for a total of 15 credits at the 300 or 400-level. In either case, a total of 36 credits is required in Economics 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. Please see the Department Chair if you have questions.
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
- 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
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.