Graduation Requirements
Majors
Minors
Course Descriptions
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What is Economics?
All individuals are affected by the ever-changing economy and the problems caused by scarcity. Economics uses clear and concise principles and quantitative methods to understand how individuals and societies make decisions and choices in the face of this scarcity problem.
Why Study Economics?
The study of economics provides an opportunity to develop the strong analytical and quantitative skills necessary for success in the workplace and rigorous graduate studies. In addition to the major core classes, BYU-Idaho students studying economics will choose economic electives and an appropriate complimentary minor or two clusters that together represent concentrations in, but not limited to, the following areas:
Job Ready
Economics students are prepared to work in a variety of finance, banking, business, or government areas. Graduates are equipped with the tools necessary for the application of economic theory to specific business and government issues.
Graduate Study
Economics prepares students for further graduate studies, which are required for careers in research, teaching, and consulting. It is strongly recommended that students preparing for graduate studies in economics take additional upper-division mathematics and statistics courses.
Pre-MBA
Students planning to pursue a Masters of Business Administration degree will benefit by studying economics. Students are introduced to business and management courses while developing the quantitative and analytical skills necessary for success in MBA programs. According to Richard A. Silverman, director of admissions at Yale School of Management, "Economics is viewed as the ticket to the nation's top business schools. It shows the students have the intellectual fire in the belly to perform well in an MBA program." (Wall Street Journal, November 30, 1998).
Pre-Law
Economics consistently ranks as one of the top majors for students who are accepted to law school. The study of economics establishes a strong foundation for both the logical reasoning and analytical skills that are critical to legal studies.
International
Economics students receive a strong background in economic theory plus a solid base for analytical reasoning. In addition, they receive training in international trade, finance, and economic development. Complimentary course work may include international studies, international business, and international politics.
Agriculture
Economics prepares students to be decision makers in the agribusiness industry and to deal with the unique factors found in agriculture. With an estimated 17% of the nation's workforce employed in the food and fiber sector, a wide variety of employment opportunities are available for graduates including: agribusiness management, agricultural finance, commodity marketing, and production agriculture.
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Program Description
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B.S. in Economics (720)
The graduate receiving a BS degree in economics will need to complete the prescribed course of study with a minimum GPA of 2.5 and no more than three credits with a grade of D or less.
Minor or 2 Clusters Required
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University Requirements Religion Requirements
(Book of Mormon Courses)
Take these Courses
REL 121, 122
OR
Take these Courses
REL 121H, 122H
OR
Take this Course
REL 221
AND
(Scripture Based Courses)
Take 6 Credits
REL 211, 212, 301, 302, 324
OR
Take 6 Credits
REL 211H, 212H, 301H, 302H, 324H
AND
(Other Religion Courses)
Take 4 Credits
REL 100, 130, 215, 234, 235, 260, 261, 264, 333, 341, 341H, 342, 342H, 351, 352, 370, 431, 471, 475
Online Learning
Each student is required to take at least one online course. For more information about the online requirement please visit the Online Learning section found in the Graduation & Transfer section of the catalog
or visit http://web.byui.edu/Catalog/2005-2006/generalEducation.htm.
Other online course information is available at http://www.byui.edu/insttech/online.htm.
A list of online courses is available at http://www.byui.edu/insttech/OnlineCourses/onlinecalendar.htm (select a semester or term).
GE Requirements
I. Reading and Writing
Take 1 Course
ENG 111, 111C, 111H
AND
Take 1 Course
ENG 312, 312C, 315, 315C
II. Mathematics
Math 101 may be used as meeting the Math General Education requirement if all of the following criteria are met: 1)Student was enrolled and completed Math 101 prior to Fall 2001; 2)The student's major does not require a higher math class; 3)There is no break in enrollment.
Students initiating their studies at BYU-Idaho Fall Semester 2001 or later are not eligible for the ACT math waiver and must take one of the following courses to fill the math requirement.
Take 1 Course
MATH 110, 110H
III. Basic Skills
Take 1 Course
IS 140
IV. Arts
Take 1 Course
ART 101, 160, 201, 202
HFED 140
HORT 230
HUM 101, 101H, 201, 201H, 202, 202H
MUSIC 100, 101
TA 115, 117
AND
Take this Course
FA 100
V. Letters
Generally the Letters requirement is filled by taking one of the courses listed below. However, HUM 201 and 202, taken together, can be used to fill both the Arts and Letters requirement.
Take 1 Course
CHIN 347
ENG 250, 250H, 251, 331, 332, 333, 334, 335, 351, 352, 353, 354, 362, 373, 373H
FR 202
GER 202
HON 200, 220, 221H, 222
LANG 202
PH 314
PHIL 110, 110H, 201, 201H, 202, 202H, 313, 313H, 314, 315, 315H
RUSS 340, 340H
SPAN 202, 302
VI. Biological Science
Take 4 Credits
AGRON 122, 270
BIO 100, 100H, 102, 102H, 118, 120, 130, 150, 150L, 176, 200, 202, 208, 221, 222, 230, 250, 264, 265, 268
VII. Physical Science
Take 4 Credits
CHEM 100, 101, 105, 105H, 106, 106H
GEOG 101, 101L
GEOL 101, 102, 103, 103L, 104, 110, 110L, 111, 111L
PH 101, 101L, 102, 105, 105L, 106, 106L, 115, 116, 121, 127, 127L, 150
PH.S 100, 100L, 110
VIII. American Institutions
Take 1 Course
ECON 111, 111H
IX. Social Science
This course must be in a different discipline from the course taken to fill the American Institutions requirement.
Take 1 Course
ANTH 101, 101H
CHILD 210, 210H
ECON 111, 111H, 112, 112H
ED 270
GEOG 120
HIST 201, 202
HON 201
PHIL 203, 203H, 204, 204H
POLSC 110, 170
PSYCH 111, 111H, 201, 201H
SOC 111, 111H, 112, 112H, 210
Major Requirements
Take these Courses Minimum Grade: C-
ACCTG 201
ECON 358, 381, 398, 421, 430, 499
MATH 221
AND
Take 1 Course Minimum Grade: C-
ECON 112, 112H
AND
Take 1 Course Minimum Grade: C-
MATH 112, 119
AND
Take 1 Course Minimum Grade: C-
ECON 315
MATH 113
AND
Take 1 Course Minimum Grade: C-
ECON 300, 380
(If Econ 390 is taken, it must be for 3 Credits)
AND
Take 3 Courses Minimum Grade: C-
B 361
ECON 440, 450, 453, 475
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B.A. in Economics (725)
The graduate receiving a BS degree in economics will need to complete the prescribed course of study with a minimum GPA of 2.5 and no more than three credits with a grade of D or less.
Minor or 2 Clusters Required
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University Requirements Religion Requirements
(Book of Mormon Courses)
Take these Courses
REL 121, 122
OR
Take these Courses
REL 121H, 122H
OR
Take this Course
REL 221
AND
(Scripture Based Courses)
Take 6 Credits
REL 211, 212, 301, 302, 324
OR
Take 6 Credits
REL 211H, 212H, 301H, 302H, 324H
AND
(Other Religion Courses)
Take 4 Credits
REL 100, 130, 215, 234, 235, 260, 261, 264, 333, 341, 341H, 342, 342H, 351, 352, 370, 431, 471, 475
Online Learning
Each student is required to take at least one online course. For more information about the online requirement please visit the Online Learning section found in the Graduation & Transfer section of the catalog
or visit http://web.byui.edu/Catalog/2005-2006/generalEducation.htm.
Other online course information is available at http://www.byui.edu/insttech/online.htm.
A list of online courses is available at http://www.byui.edu/insttech/OnlineCourses/onlinecalendar.htm (select a semester or term).
GE Requirements
I. Reading and Writing
Take 1 Course
ENG 111, 111C, 111H
AND
Take 1 Course
ENG 312, 312C, 315, 315C
II. Mathematics
Math 101 may be used as meeting the Math General Education requirement if all of the following criteria are met: 1)Student was enrolled and completed Math 101 prior to Fall 2001; 2)The student's major does not require math class; 3)There is no break in enrollment.
Students initiating their studies at BYU-Idaho Fall Semester 2001 or later are not eligible for the ACT math waiver and must take one of the following courses to fill the math requirement.
Take 1 Course
MATH 110, 110H
III. Arts
Take 1 Course
ART 101, 160, 201, 202
HFED 140
HORT 230
HUM 101, 101H, 201, 201H, 202, 202H
MUSIC 100, 101
TA 115, 117
AND
Take this Course
FA 100
IV. Biological Science and Physical Science
Take 4 Credits
AGRON 122, 270
BIO 100, 100H, 102, 102H, 118, 120, 130, 150, 150L, 176, 200, 202, 208, 221, 222, 230, 250, 264, 265, 268
OR
Take 4 Credits
CHEM 100, 101, 105, 105H, 106, 106H
GEOG 101, 101L
GEOL 101, 102, 103, 103L, 104, 110, 110L, 111, 111L
PH 101, 102, 105, 116, 121, 127, 150
PH.S 100, 100L, 110
V. American Institutions
Take 1 Course
ECON 111, 111H
IX. Social Science
This course must be in a different discipline from the course taken to fill the American Institutions requirement.
Take 1 Course
ANTH 101, 101H
CHILD 210, 210H
ECON 111, 111H, 112, 112H
ED 270
GEOG 120
HIST 201, 202
HON 201
PHIL 203, 203H, 204, 204H
POLSC 110, 170
PSYCH 111, 111H, 201, 201H
SOC 111, 111H, 112, 112H, 210
VII. Foreign Language
Take 8 credits of language study and 3 credits of literature all in the same language.
Take 11 Credits
CHIN 101, 101H, 102, 201, 347
FR 102, 201, 202
GER 102, 201, 202
RUSS 101, 101H, 102, 201, 340, 340H
SPAN 102, 201, 201M, 202, 302
Major Requirements
Take these Courses Minimum Grade: C-
ACCTG 201
ECON 358, 381, 398, 421, 430, 499
IS 140
MATH 221
AND
Take 1 Course Minimum Grade: C-
ECON 112, 112H
AND
Take 1 Course Minimum Grade: C-
MATH 112, 119
AND
Take 1 Course Minimum Grade: C-
ECON 315
MATH 113
AND
Take 1 Course Minimum Grade: C-
ECON 300, 380
(If Econ 390 is taken, it must be for 3 Credits)
AND
Take 2 Courses Minimum Grade: C-
B 361
ECON 440, 450, 453, 475
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Minor in Economics (149)
Take these Courses
ECON 111, 112
AND
Do not take both ECON 300 and 380
Take 15 Credits
ECON 300, 315, 358, 380, 381, 390, 398, 421, 430, 440, 450, 453, 475, 499
Minor in Economics Education (165)
For a listing of approved Secondary Education majors and minors see the Teacher Education section of this catalog.
The Economics Education Minor exceeds the 20-hour limit placed on education minors. However, AmHer 170, Econ 111, and Econ 112 all give General Education credit.
Take 1 Course
AMHER 170, 170H
AND
Take 1 Course
ECON 111, 111H
AND
Take this Course
ECON 358 |
AND
Take 1 Course
ECON 112, 112H
AND
(Do not take both ECON 300 and 380)
Take 9 Credits
ECON 300, 315, 380, 381, 390, 398, 421, 430, 440, 450, 453, 475
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Course Descriptions
| ECON 111 Economic Principles and Problems - Macro |
(3:3:0) |
| Fulfills GE American Institutions requirement. |
An elementary course emphasizing the workings of the U.S. macro economic system.
(Winter, Summer, Fall)
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| ECON 112 Economic Principles and Problems - Micro |
(3:3:0) |
| Fulfills GE Social Science requirement. |
An elementary course emphasizing the functioning of the price system and its effect on the household, the business firm, and international trade.
(Winter, Summer, Fall)
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| ECON 300 Managerial Economics |
(3:3:0) |
| Prerequisite: Economics 111, 112 |
This course is designed to enhance the student's understanding of how micro economic analysis can be applied to modern business decision making.
(Fall 05, Sum 06, Win 07, Fall 07, Sum 08, Win 09)
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| ECON 315 Quantitative Methods |
(3:3:0) |
This course emphasizes the application of mathematics in the construction of economic models.
(Fall 05, Sum 06, Win 07, Sum 08, Win 09)
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| ECON 358 International Economics |
(3:3:0) |
| Prerequisite: Economics 111, 112 |
An introduction to the micro and macro sides of the international economy. It examines international institutions, policies, and issues.
(Winter, Summer, Fall)
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| ECON 380 Intermediate Microeconomics |
(3:3:0) |
| Prerequisite: Economics 111, 112, Math 119 |
Intemediate microeconomic theory emphasizing theories of the firm and consumer behavior.
(Win 06, Fall 06, Sum 07, Win 08, Fall 08, Sum 09)
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| ECON 381 Intermediate Macroeconomics |
(3:3:0) |
| Prerequisite: Economics 111,112, Math 119 |
This is an intermediate course in macroeconomics. The course analyzes basic models of income determination which attempt to explain how the price level, the interest rate, and the level of output and employment are determined. Monetary and fiscal policies are discussed within the framework of these models, and competing theories are compared.
(Wint 06, Fall 06, Sum 07, Wint 08, Fall 08, Sum 09)
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| ECON 398 Professional Internship |
(3:3:0) |
Students gain internship experience working in a career related position. The internship allows students to apply the knowledge gained in the classroom while gaining valuable work experience and exploring career opportunities in their field of study. As part of the 270 hours of work experience, students complete the learning objectives of the internship and undertake a special project.
(Winter, Summer, Fall)
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| ECON 421 Introduction to Econometrics |
(3:3:0) |
| Prerequisite: Economics 111, 112, Math 221 |
This course emphasizes the application empirical methods commonly used to analyze economic phenomena. Methods of empirical analysis are used to test the validity of hypothesized economic relationships and to forecast economic trends. A mixture of theory and applied computer work with respect to estimation, hypothesis testing, model construction and development, and simulation of econometric models. Other related topics include forecasting, computer applications, and the use of econometrics in business and government.
(Sum 06, Win 07, Fall 07, Sum 08, Win 09)
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| ECON 430 Economic Thought and History |
(3:3:0) |
| Prerequisite: Economics 111, 112, MATH 221 |
This course explores the development and application of major economic doctrines from classical through contemporary economics. Contributions of selected writers and schools of thought are analyzed, with emphasis on how these theories are used in our day.
(Sum 06, Win 07, Fall 07, Sum 08, Win 09)
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| ECON 440 Law and Economics |
(3:3:0) |
| Prerequisite: Economics 111, 112 |
This course uses economic analysis to analyze the basic common law areas of torts, contracts, property, and criminal law. Economic tools are used both to understand the basic structure of the law (positive analysis), and to suggest how the law might be made more efficient (normative analysis). The course assesses whether individuals or collective action (courts) are better for addressing market failures. Transaction costs and litigation costs (among other things) are crucial to the assessment. This course is recommended for economics majors who are planning to go to law school or who intend to pursue a career in the legal field. "For the rational study of the law...the man of the future is the man of statistics and economics." (Oliver Wendell Holmes, The Path of Law, 1897)
(Fall 06, Win 08, Sum 09)
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| ECON 450 Development Economics |
(3:3:0) |
| Prerequisite: Economics 111, 112, 358 |
This course is designed to provide students with an understanding of the history, concepts and stimulus for economic development and growth.
(Sum 06, Fall 07, Win 09)
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| ECON 453 Money, Banking, & Financial Markets |
(3:3:0) |
| Prerequisite: Economics 111, 112, Math 221
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Money, Banking, and Financial Markets examines money and banking issues from an economics perspective. This course is composed of three general sections. First, it considers how individual consumers and investors make decisions based on what they expect will give them the highest level of satisfaction (in the financial world this is known as maximizing returns). Second, the course examines the nature and behavior of financial institutions (banks, credit unions, etc.) to see how they try to maximize profits while considering potential costs as well as government regulations. Finally, the course analyzes various theories of monetary economic policy and their implications for financial markets, and the economy.
(Win 06, Fall 06, Sum 07, Win 08, Fall 08, Sum 09)
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| ECON 475 Regional and Public Economics |
(3:3:0) |
| Prerequisite: Economics 111, 112 |
Regional and public economics is the analysis of location choices of firms and households, regional land-use policies, and public policy choices (such as education, crime, house, transportation, etc.). The course also includes useful methods for analyzing local economic growth, collective decision-making, and assessing local tax and spending (budget) issues.
(Win 06, Sum 07, Fall 08)
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| ECON 499 Senior Capstone |
(3:3:0) |
| Prerequisite: Completion of Economics major Core. |
The capstone course is a one credit course designed to assist Economics majors make final preparations for graduation and the workplace. Students should register for this course at the beginning of their senior year.
(Winter, Summer, Fall)
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