Majoring in Economics will help students develop analytical and critical thinking skills using quantitative tools—expertise that offers a natural path into business, law, research or government careers. With this major, students will cover the two fundamental areas of economics: macroeconomics—the study of the entire economy– and microeconomics—the study of decisions made by individuals, households and businesses. These two complementary areas of the discipline will help students understand how choices made by individuals, firms, and governments aggregate at an economy-wide level, with possible unpredicted effects. Possible real-life questions economics helps you address are:
- How can data help us understand the U.S. and world economy?
- What causes recessions, inflation, and unemployment? How can fiscal and monetary policies respond?
- Why and what do countries trade?
- How can we use forecasting techniques to predict the market conditions and to make informed decisions?
- Why do economic inequalities prevail?
Economics majors pursue careers in:
- Financial sector and banking
- Consulting
- Private and Public sectors
- Non-profit organizations
- Graduate studies or law school
Admission Criteria:
● Overall GPA – 2.25, if transferring from any major at Montclair State University
● Overall GPA – 2.0 for all others
120 credits of coursework is required for the baccalaureate degree with a minimum 2.0 overall GPA, and a minimum 2.0 major GPA.
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Program Requirements Overview
| Code | Title | Credits |
|---|---|---|
| General Education Requirements | 30 | |
| World Languages and Cultures Requirements | 3-9 | |
| Major Requirements | 45 | |
| Free Electives 1 | 42-36 | |
| Total Credits | 120 | |
- 1
Graduate Swing Courses will count toward Free Electives for students in combined degree programs.
Major Requirements
| Code | Title | Credits |
|---|---|---|
| Required Courses | ||
| ECON 101 | Applied Macroeconomics | 3 |
| ECON 102 | Applied Microeconomics | 3 |
| ECON 203 | Fundamental Mathematics for Economics | 3 |
| ECON 207 | Intermediate Microeconomic Analysis | 3 |
| or ECON 206 | Managerial Economics | |
| ECON 208 | Intermediate Macroeconomic Analysis | 3 |
| ECON 390 | Applied Econometrics | 3 |
| ECON 438 | Advanced Seminar in Economics | 3 |
| Electives | ||
| Complete 18 credits from the tracks below. | 18 | |
| Collateral Courses | ||
| INFO 173 | Spreadsheet Modeling for Business Decisions | 3 |
| INFO 240 | Statistical Methods in Business | 3 |
| Career Learning | ||
| BUGN 310 | Campus to Career Transition Course I: Prepare for Your Career | 0 |
| BUGN 320 | Campus to Career Transition Course II: On the Job Success | 0 |
| Total Credits | 45 | |
Major Electives
| Code | Title | Credits |
|---|---|---|
| Track 1. International Economics | ||
| Select 9 credits to complete this track: | ||
| ECON 301 | Money and Banking | 3 |
| ECON 303 | Economic Growth and Development | 3 |
| ECON 370 | International Economics | 3 |
| ECON 381 | Global Economies and Markets | 3 |
| ECON 422 | Globalization and World Development | 3 |
| Track 2. Applied Microeconomics and Policy | ||
| Select 9 credits to complete this track: | ||
| ECON 308 | Public Finance | 3 |
| ECON 311 | Labor Economics | 3 |
| ECON 321 | Economics of Industrial Organization | 3 |
| ECON 322 | Health Economics and Policy | 3 |
| ECON 408 | Strategic Thinking and Game Theory | 3 |
| Track 3. Economic Applications | ||
| At the most, 6 credits can be taken at the 200-level from this track. | ||
| ECON 201 | Data Analysis Tools in Economics and Business | 3 |
| ECON 215 | The Economics of Social Problems | 3 |
| ECON 224 | Financial Economics | 3 |
| ECON 240 | Economics of Time and Mind | 3 |
| ECON 250 | Special Topics in Economics | 3,6 |
| ECON 301 | Money and Banking | 3 |
| ECON 303 | Economic Growth and Development | 3 |
| ECON 308 | Public Finance | 3 |
| ECON 310 | Urban and Regional Economics | 3 |
| ECON 314 | Development of Economic Thought | 3 |
| ECON 317 | Optimization Methods for Economics | 3 |
| ECON 321 | Economics of Industrial Organization | 3 |
| ECON 322 | Health Economics and Policy | 3 |
| ECON 324 | Capital Markets and Financial Institutions | 3 |
| ECON 370 | International Economics | 3 |
| ECON 381 | Global Economies and Markets | 3 |
| ECON 395 | Business Forecasting and Analytics | 3 |
| ECON 398 | Economics Independent Study | 1-3 |
| ECON 408 | Strategic Thinking and Game Theory | 3 |
| ECON 414 | Economics of Natural Resources and Global Warming | 3 |
| ECON 419 | Economics Of Energy And Environmental Policy | 3 |
| ECON 422 | Globalization and World Development | 3 |
| ECON 430 | International Macroeconomic Policy | 3 |
| ECON 497 | Economics Independent Study | 3 |
| MATH 369 | Mathematical Modeling | 3 |
General Education Requirements
Click here for a list of courses that fulfill General Education categories.
| Code | Title | Credits |
|---|---|---|
| A. New Student Seminar | ||
| Complete a 1 credit New Student Seminar course. | 1 | |
| C. Communication | ||
| 1. Writing | 3 | |
| 2. Literature | 3 | |
| 3. Communication | 3 | |
| D. Fine and Performing Arts | ||
| Complete a 3 credit Fine and Performing Arts course. | 3 | |
| F. Humanities | ||
| 1. Great Works and Their Influences | 3 | |
| 2. Philosophical and Religious Perspectives | 3 | |
| G. Computer Science | ||
| Spreadsheet Modeling for Business Decisions (Fulfilled in the major.) | ||
| H. Mathematics | ||
| Statistical Methods in Business (Fulfilled in the major.) | ||
| I. Natural Science Laboratory | ||
| Complete a 4 credit Natural Science Laboratory course. | 4 | |
| J. Physical Education | ||
| Complete a 1 credit Physical Education course. | 1 | |
| K. Social Science | ||
| 1. American and European History | 3 | |
| 2. Global Cultural Perspectives | 3 | |
| 3. Social Science Perspectives | ||
| Applied Macroeconomics (Fulfilled in the major.) | ||
| L. Interdisciplinary Studies | ||
| Applied Microeconomics (Fulfilled in the major.) | ||
| Total Credits | 30 | |
World Languages and Cultures Requirements
Click here for a list of courses that fulfill World Languages and Cultures categories.
| Code | Title | Credits |
|---|---|---|
| World Languages | ||
| Based on language placement exam, complete one or two sequential courses in the same language. Requirement is automatically fulfilled by language major courses. | 3-6 | |
| World Cultures | ||
| Requirement may be fulfilled by course selected in General Education - Social Science: Global Cultural Perspectives. Requirement may also be fulfilled by major coursework. See list of courses. | 0-3 | |
| Total Credits | 3-9 | |
Recommended Roadmap to Degree Completion
This four-year plan is provided as an outline for students to follow in order to complete their degree requirements within four years. This plan is a recommendation and students should only use it in consultation with their academic advisor.
| First Year | |||
|---|---|---|---|
| Fall | Credits | Spring | Credits |
| GENERAL EDUCATION: (A) New Student Seminar | 1 | GENERAL EDUCATION: (C2) Literature | 3 |
| GENERAL EDUCATION: (C1) Writing | 3 | GENERAL EDUCATION: (K1) Social Science – American and European History | 3 |
| GENERAL EDUCATION: (C3) Communication | 3 | World Language I | 3 |
| MATH 100 (Or Free Elective if MATH 100 is not needed.) | 3 | INFO 173 (Fulfills General Education G category.) | 3 |
| ECON 101 (Fulfills General Education K3 category.) | 3 | ECON 203 | 3 |
| ECON 102 (Fulfills General Education L category.) | 3 | ||
| 16 | 15 | ||
| Second Year | |||
| Fall | Credits | Spring | Credits |
| World Language 2 or Free Elective | 3 | GENERAL EDUCATION (F2) Humanities – Philosophical and Religious Perspectives | 3 |
| BUGN 310 | 0 | BUGN 320 | 0 |
| INFO 240 (Fulfills General Education H category.) | 3 | ECON 390 | 3 |
| ECON 207 or 206 | 3 | Major Elective 1 | 3 |
| ECON 208 | 3 | Free Elective | 3 |
| Free Elective | 3 | Free Elective | 3 |
| 15 | 15 | ||
| Third Year | |||
| Fall | Credits | Spring | Credits |
| GENERAL EDUCATION (F1) Humanities – Great Works and Their Influences | 3 | GENERAL EDUCATION: (K2) Social Science – Global Cultural Perspectives | 3 |
| World Cultures | 3 | ECON 438 | 3 |
| Major Elective 2 | 3 | Major Elective 4 | 3 |
| Major Elective 3 | 3 | Free Elective | 3 |
| Free Elective | 3 | Free Elective | 3 |
| 15 | 15 | ||
| Fourth Year | |||
| Fall | Credits | Spring | Credits |
| GENERAL EDUCATION: (I) Natural Science Laboratory | 4 | GENERAL EDUCATION: (D) Fine and Performing Arts | 3 |
| GENERAL EDUCATION: (J) Physical Education | 1 | Major Elective 6 | 3 |
| Major Elective 5 | 3 | Free Elective | 3 |
| Free Elective | 3 | Free Elective | 3 |
| Free Elective | 3 | Free Elective | 3 |
| 14 | 15 | ||
| Total Credits 120 | |||