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.
Degree Requirements Overview
| Code | Title | Credits |
|---|---|---|
| New Student Seminar | 1 | |
| SEEDS General Education Requirements | 21-24 | |
| Major Requirements | 45 | |
| Free Electives | 53-50 | |
| Total Credits | 120 | |
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 |
New Student Seminar
| Code | Title | Credits |
|---|---|---|
| Students in the Adult Learner program must take GNED 100. | ||
| Complete one course from the following. Some courses may be restricted by major. Consult with an academic advisor. | 1 | |
| Pathways to Success | ||
| Freshman Seminar in Chemistry | ||
| First Year Seminar | ||
| Adult Academic Success Seminar | ||
| New Student Seminar | ||
| Freshman Seminar in Health and Physical Education | ||
| Pathways to Adult Learning | ||
| New Student Seminar | ||
| New Student Experience for Mathematical Sciences | ||
| Freshman Seminar for Music Majors | ||
| Introduction to Nursing | ||
| Freshman Seminar in Political Science and Law | ||
SEEDS General Education Requirements
Click here for a list of courses that fulfill the SEEDS requirements.
| Code | Title | Credits |
|---|---|---|
| Foundations | ||
| Effective Writing I | ||
| Complete one Effective Writing I course. | 3 | |
| Effective Writing II | ||
| Complete one Effective Writing II course. | 3 | |
| Interactive Communication | ||
| Complete one Interactive Communication course. | 3 | |
| Quantitative Reasoning | ||
| Fulfilled by ECON 203 in the major. | ||
| Political and Civic Life | ||
| Fulfilled by ECON 102 in the major. | ||
| World Language | ||
| Complete two sequential classes in one World Language when starting at the Beginner I or Beginner II level. Complete one class when starting at the Intermediate/Advanced Level. | 3-6 | |
| Exploration | ||
| Complete one course from four different Exploration categories: | 9 | |
| Analyzing Cultures and Societies | ||
| Fulfilled by ECON 101 in the major. | ||
| Creative Expression | ||
| Ethical Inquiry | ||
| Historical Thinking | ||
| Literary and Artistic Analysis | ||
| Scientific Reasoning | ||
| Total Credits | 21-24 | |
Recommended Roadmap to Degree Completion
This recommended degree plan is provided as an outline for students to follow in order to complete their degree requirements within four years and 120 credits. This plan is a recommendation and MUST be used in consultation with their academic advisor. Important note: Students should be aware this plan assumes no pre-requisite coursework is required. If pre-requisite coursework is needed, students may have additional requirements to fulfill which do not appear on the plan.
| First Year | |||
|---|---|---|---|
| Fall | Credits | Spring | Credits |
| New Student Seminar | 1 | SEEDS: Effective Writing II | 3 |
| SEEDS: Effective Writing I | 3 | SEEDS: Exploration 2 | 3 |
| SEEDS: Interactive Communication | 3 | SEEDS: Exploration 3 | 3 |
| ECON 101 (Fulfills SEEDS: Exploration – Analyzing Cultures and Societies) | 3 | INFO 173 | 3 |
| ECON 102 (Fulfills SEEDS: Political and Civic Life) | 3 | ECON 203 (Fulfills SEEDS: Quantitative Reasoning) | 3 |
| MATH 100 (or Free Elective) | 3 | ||
| 16 | 15 | ||
| Second Year | |||
| Fall | Credits | Spring | Credits |
| SEEDS: World Language 1 | 3 | SEEDS: World Language 2 | 3 |
| SEEDS: Exploration 4 | 3 | ECON 208 | 3 |
| INFO 240 | 3 | Major Elective 1 | 3 |
| ECON 207 or 206 | 3 | Major Elective 2 | 3 |
| BUGN 310 | 0 | BUGN 320 | 0 |
| Free Elective | 3 | Free Elective | 3 |
| 15 | 15 | ||
| Third Year | |||
| Fall | Credits | Spring | Credits |
| ECON 390 | 3 | ECON 438 | 3 |
| Major Elective 3 | 3 | Major Elective 5 | 3 |
| Major Elective 4 | 3 | Major Elective 6 | 3 |
| Free Elective | 3 | Free Elective | 3 |
| Free Elective | 3 | Free Elective | 3 |
| 15 | 15 | ||
| Fourth Year | |||
| Fall | Credits | Spring | Credits |
| Free Elective | 3 | Free Elective | 3 |
| Free Elective | 3 | Free Elective | 3 |
| Free Elective | 3 | Free Elective | 3 |
| Free Elective | 3 | Free Elective | 3 |
| Free Elective | 3 | Free Elective | 2 |
| 15 | 14 | ||
| Total Credits 120 | |||