Economics Major Requirements

Economics Major Brochure

  • Complete 32 credit hours (8 classes - 4 credit hours each)
  • At least 16 credits in economics must be earned at Wayne State University.
  • Maintain an overall economics GPA of 2.00/C or better, and a C- grade or better in all economics elective courses.
  • Complete MAT 1500* or MAT 1800* or the equivalent (or place into MAT 2010)

 

Economics Core Courses (20 credit hours)*

All Economics majors are required to take the following courses (for course descriptions click here):

ECO 2010 (4) - Principles of Microeconomics*

ECO 2020 (4) - Principles of Macroeconomics*

ECO 5000 (4) - Intermediate Microeconomics*

(Pre-requisites: ECO 2010 and MAT 1500 or 1800)

ECO 5050 (4) - Intermediate Macoeconomics*

(Pre-requisites: ECO 2020 and MAT 1500 or 1800)

ECO 5100 (4) - Introductory Statistics and Econometrics*

(Pre-requisites: ECO 2010, ECO 2020, and MAT 1500 or 1800)

ECO 5993 (0) - Writing Intensive***

This is a paper completed in conjunction with a 5000 level economics elective. You must register for this during the same semester that the 5000 level economics class is taken. Permission from the instructor is required. (Pre-requisites: Satisfactory completion of the IC general Education requirement) 

 

 Economics Electives (12 credits)**

Choose 3 (5000 level) elective courses covering two or more Fields (C thru H):

 

Field C: Industrial Organization  Field F: Public Economics
ECO 5200 (4) - Regulation & Regulated IndustriesECO 5500 (4) - Public Finance
ECO 5210 (4) - Market Power & Economic WelfareECO 5520 (4) - State and Local Public Finance
ECO 5230 (4) - Environmental EconomicsECO 5550 (4) - Economics of Health Care
ECO 5250 (4) - Economic Analysis of LawECO 5600 (4) - Introduction to Development Economics
ECO 5270 (4) - Games of StrategyECO 5470 (4) - Economics of an Aging Society
  
Field D: International EconomicsField G: Monetary and Financial Economics
ECO 5300 (4) - International TradeECO 5700 (4) - Money and Banking
ECO 5310 (4) - International FinanceECO 5720 (4) - Financial Economics
 ECO 5730 (4) - Economic Growth
Field E: Labor and Human Resources 
ECO 5400 (4) - Labor EconomicsField H: Urban and Regional Economics
ECO 5410 (4) - Economics of Race and GenderECO 5800 (4) - Urban and Regional Economics
ECO 5460 (4) - Economics Demography 
ECO 5490 (4) - American Labor History 

 

*    Minimum final grade of C or better.
**   Minimum final grade of C- or better.
*** Must receive an S (Satisfactory).

 

Economics Honors Major Requirements

Economics majors with strong academic records and an interest in research are encouraged to apply to the Honors Program in Economics. In order to fufill the Economics Honors major requirements, applicants must:

  • Have an overall GPA of 3.3 or better.
  • Complete ECO 4997 (4) - Senior Honors Seminar, during your last semester before graduation. Students will conduct research for the Seminar under the close supervision of an Economics faculty member and write up the results in an Honor Thesis.
  • Complete one Honors Program Seminar, HON 4200 through 4280, offered by the College of Liberal Arts and Sciences Honors Program. This class can be used to fufill General Education and Liberal Arts and Sciences Group Requirements.
  • Complete an additional 8 Honors designated credit hours in any other honors courses.
  • Complete 32 credit hours (8 classes - 4 credit hours each) for the Economics Major.
  • At least 16 credits in economics must be earned at Wayne State University.
  • Complete MAT 1500* or MAT 1800* or the equivalent (or place into MAT 2010).

 

Economics Major (32 credits)

All Economics majors are required to take the following courses:

ECO 2010 (4) - Principles of Microeconomics*

ECO 2020 (4) - Principles of Macroeconomics*

ECO 5000 (4) - Intermediate Microeconomics*

(Pre-requisites: ECO 2010 and MAT 1500 or 1800)

ECO 5050 (4) - Intermediate Macoeconomics*

(Pre-requisites: ECO 2020 and MAT 1500 or 1800)

ECO 5100 (4) - Introductory Statistics and Econometrics*

(Pre-requisites: ECO 2010, ECO 2020, and MAT 1500 or 1800)

ECO 5993 (0) - Writing Intensive***

This is a paper completed in conjunction with a 5000 level economics elective. You must register for this during the same semester that the 5000 level economics class is taken. Permission from the instructor is required. (Pre-requisites: Satisfactory completion of the IC general Education requirement) 

Three (5000 level) electives covering two or more Fields (C thru H)**

 

*    Minimum final grade of C or better.
**   Minimum final grade of C- or better.
*** Must receive an S (Satisfactory).

 

 

B.A. Degree in Mathematical Economics Major Requirements

Mission Statement: Mathematical economics is the application of advanced mathematical methods to microeconomics and macroeconomics. Students will participate in a rigorous course of study in mathematics, economics, and the interaction between these two disciplines.

Job Opportunities: Economic analysis, finance, underwriting, actuarial science, budget analyst, bank officer, credit analyst, investment analyst, international trade specialist.

Mathematical Economics Flyer

 

Degree Requirements

  • Complete 22 credit hours of specified mathematics courses.
  • Complete 24 credit hours of specified economics courses.
  • A grade of C- or better must be achieved for all MAT and ECO courses applied towards the degree requirements.
  • Maintain a GPA of 2.00 or higher in all MAT and ECO courses combined.

 

Economics Requirement (24 credit hours)

ECO 2010 (4) - Principles of Microeconomics

ECO 2020 (4) - Principles of Macroeconomics

ECO 5000 (4) - Intermediate Microeconomics

ECO 5050 (4) - Intermediate Macoeconomics

ECO 6000 (4) - Price and Allocation Theory

One of the following ECO course electives (must be taken in conjunction with ECO 5993):

  • ECO 5020, 5030, 5100, 5250, 5270, 5300, 5460, 5500, 5700, or 6100.

ECO 5993 (0) - Writing Intensive

This is a paper completed in conjunction with a 5000 level economics or mathematics course elective. You must register for this during the same semester that the 5000 level economics or mathematics elective class is taken. Permission from the instructor is required. (Pre-requisites: Satisfactory completion of the IC general Education requirement)

 

Mathematics Requirement (22 credit hours)

MAT 2010 (4) - Calculus I

MAT 2020 (4) - Calculus II

MAT 2030 (4) - Calculus III

MAT 2250 (3) - Elementary Linear Algebra

MAT 5700 (4) - Introduction to Probability Theory

One additional MAT course above 5000 (excluding 5120, 5130, 5180, 5190, 6130, 6150, 6170, 6180, and 6200).

  • Recommended courses (Choose one): MAT 5030, 5100, 5210, 5220, 5230, 5280, 5710, 5770, 5800, or 5870

 

This B.A. Degree in Mathematical Economics is offered jointly by the Department of Economics and Mathematics

Math Department Advising

Department of Mathematics

1150 FAB, 656 W. Kirby St.

Detroit, MI 48202

(313) 577-2479

 

Economics Department Advising

Department of Economics

2074 FAB, 656 W. Kirby St.

Detroit, MI 48202

(313) 577-3345

 

 

Economics Minor Requirements

  • Complete 20 credit hours (5 classes - 4 credit hours each)
  • At least 12 credits in economics must be earned at Wayne State University.
  • Maintain an overall Economics GPA of 2.00/C or better, and a C- grade or better in all Economics elective courses.
  • Complete MAT 1500* or MAT 1800* or the equivalent (or place into MAT 2010)

 

Economics Core Courses (8 credits)*

All Economics minors are required to take the following courses:

ECO 2010 (4) - Principles of Microeconomics*

ECO 2020 (4) - Principles of Macroeconomics*

 

Economics Electives (12 credits)**

Three other (5000 level) courses.

 

The following courses may be used towards an economics minor as well:

ECO 5000 (4) - Intermediate Microeconomics*

(Pre-requisites: ECO 2010 and MAT 1500 or 1800)

ECO 5050 (4) - Intermediate Macoeconomics*

(Pre-requisites: ECO 2020 and MAT 1500 or 1800)

ECO 5100 (4) - Introductory Statistics and Econometrics*

(Pre-requisites: ECO 2010, ECO 2020, and MAT 1500 or 1800)

 

*    Minimum final grade of C or better.
**   Minimum final grade of C- or better.


For information on economics courses offered by the Department of Economics, see Undergraduate Economics Courses.

 

AGrade Program (Undergraduate/Graduate)

The College of Liberal Arts and Sciences and the Department of Economics have established an accelerated combined undergraduate and graduate program (AGRADE) whereby qualified seniors may enroll simultaneously in some undergraduate and graduate programs of the College. A maximum of fifteen credit hours may be applied towards both undergraduate and graduate degrees in economics. Those who elect the AGRADE program may expect to complete the Bachelors and Masters degrees in five years of full-time study. For further information, go to the following web page.

 

Omicron Delta Epsilon Honor Society

To be eligible for membership in this honor society, candidates must have an overall University G.P.A. of 3.0 and have completed at least 12 credit hours in Economics with an G.P.A. of 3.0. Students must pay a nominal lifetime membership fee and will receive a scroll (suitable for framing), a membership card, and a one-year subscription (two issues) to the American Economist. The primary purpose of Omicron Delta Epsilon is to recognize scholastic achievement in economics. For further information about Omicron Delta Epsilon, contact the Academic Advisor in the Department of Economics and/or see their website.

 

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