School of Economic, Political and Policy Sciences

Economics (B.A. B.S.)

Economists study how people make choices in life when scarcity limits what is available. They look at a society’s financial, industrial, and labor organizations; its distribution of income and ownership rights; its governmental activities; and its political and economic philosophies, and analyze how these and other factors influence the goods an economy produces, the resources it uses in production, and the distribution of its output. They also look at how incentives affect decisions relating to human behavior, such as whether to obey the law, get married, or have children.

Economic analysis leads to explanations, predictions, and policy suggestions. How are wages and prices set? Why do some cities boom while others decline? Why do we have an energy crisis? How should we use our exhaustible resources? How will consumers and corporations react to a tax cut? How can the crime rate be reduced? If we are to use our resources efficiently, what antitrust and government regulations should be enforced? What can be done to reduce inflation and unemployment? To prevent excess pollution? To achieve economic growth? To distribute income more equitably? In examining these sorts of questions, economics helps us to understand more clearly the choices available to us and the consequences of our decisions.

There is an abundance of career opportunities for an economics major.

Careers in business include consulting, banking and other financial institutions, insurance, corporate strategic planning, real estate, journalism, management, marketing, and public utilities.

Careers in government include consulting, publicly owned utilities, planning and forecasting, regulatory agencies, management, needs assessment, legislative staffs, judicial agencies, and executive support.

Careers in the interfacing of business and government include labor arbitration, regulation, environmental planning, urban and regional planning, and interest representation.

Bachelor of Arts in Economics Degree Requirements (120 hours)

I. Core Curriculum Requirements 1: 42 hours

  1. Communication (6 hours)
    3 hours Communication (RHET 1302)
    3 hours Communication Elective (ECON 4382, ECON 3330, ECON 4336)2
  2. Social and Behavioral Sciences (15 hours)
    6 hours Political Science (GOVT 2301 and GOVT 2302)
    6 hours American History
    3 hours Social and Behavioral Sciences Elective (SOC 1301, SOC 2319, CRIM 1301, or CRIM 1307)2
  3. Humanities and Fine Arts (6 hours)
    3 hours Fine Arts (ARTS 1301)
    3 hours Humanities (HUMA 1301)
  4. Mathematics and Quantitative Reasoning (6 hours) 3
    3 hours Mathematics (at or above the level of College Algebra)
    3 or 4 hours Quantitative Reasoning (STAT 1342 or SOCS 3405)2
  5. Science (9 hours including at least one course with a substantial laboratory component)

1 Curriculum Requirements can be fulfilled by other approved courses from accredited institutions of higher education. The courses listed in parentheses are the most efficient way to satisfy both Core Curriculum and Major Requirements at UT Dallas.

II. Major Requirements: 46 hours

Major Preparatory Courses (6 hours)
ECON 2301 Principles of Macroeconomics*
ECON 2302 Principles of Microeconomics*
Major Core Courses (22 hours)
ECON 3304 Basic Techniques for Economic Research*
ECON 3310 Intermediate Microeconomic Theory
ECON 3311 Intermediate Macroeconomic Theory
STAT 1342 Statistical Decision Making
or SOCS 3405 Introduction to Social Statistics with Lab2
One of the following:
ECON 4346 Technology, Economy and Society
ECON 4382 International Finance
Distributive Justice Course:
ECON 4320 Public Sector Economics
And one of the following:
GEOG 3370 The Global Economy
ECON 4360 International Trade
ECON 4362 Development Economics
ECON 4382 International Finance
Major Related Courses (24 hours)
24 hours Economics upper-division ECON courses

2 A Major requirement that also fulfills a Core Curriculum requirement. Hours are counted in Core Curriculum above.
3 Students wishing to pursue Master’s or Ph.D. degrees in economics should consult their advisor about appropriate mathematics and quantitative methods courses.
* Indicates a prerequisite class to be completed before enrolling for upper-division classes in Economics and Finance.

III. Elective Requirements: 32 hours

Advanced Electives (6 hours)
All students are required to take at least six hours of Advanced Electives outside their major field of study. These must be either upper-division classes or lower-division classes that have prerequisites.

Free Electives (26 hours)
This requirement may be satisfied with lower- and upper-division courses from any field of study. Students must complete at least 51 hours of upper-division credit to qualify for graduation.

Minor in Economics (18 hours)

For a minor in Economics, students must take ECON 2301, ECON 2302, ECON 3304, either ECON 3310 or ECON 3311, and six hours of ECON electives. Electives may be any upper-division course with the ECON prefix with the exception of ECON 4V97, ECON 4V98, and ECON 4V99.

Bachelor of Science in Economics

Degree Requirements (120 hours)

I. Core Curriculum Requirements 1: 42 hours

  1. Communication (6 hours)
    3 hours Communication (RHET 1302)
    3 hours Communication Elective (ECON 4382, ECON 3330, ECON 4336)2
  2. Social and Behavioral Sciences (15 hours)
    6 hours Political Science (GOVT 2301 and GOVT 2302)
    6 hours American History
    3 hours Social and Behavioral Sciences Elective (SOC 1301, SOC 2319, CRIM 1301, or CRIM 1307)2
  3. Humanities and Fine Arts (6 hours)
    3 hours Fine Arts (ARTS 1301)
    3 hours Humanities (HUMA 1301)
  4. Mathematics and Quantitative Reasoning (6 hours) 3
    3 hours Mathematics (MATH 2417 recommended, or MATH 1325)
    3 hours Quantitative Reasoning (MATH 1326)2
  5. Science (9 hours including at least one course with a substantial laboratory component)

1 Curriculum Requirements can be fulfilled by other approved courses from accredited institutions of higher education.
2 The courses listed in parentheses are recommended as the most efficient way to satisfy both Core Curriculum and Major Requirements at UT Dallas.

II. Major Requirements: 53 hours

Major Preparatory Courses (14 hours)
ECON 2301 Principles of Macroeconomics*
ECON 2302 Principles of Microeconomics*
MATH 2417 Calculus I (recommended)2
or MATH 1325 Applied Calculus I*2
MATH 2418 Linear Algebra (recommended)
or MATH 2333 Matrices, Vectors and Their Application
MATH 2419 Calculus II (recommended)2
or MATH 1326 Applied Calculus II2
Major Core Courses (24 hours)
ECON 3310 Intermediate Microeconomic Theory
ECON 3311 Intermediate Macroeconomic Theory
ECON 4351 Mathematical Economics
ECON 4355 Econometrics
STAT 3360 Probability and Statistics for Management and Economics
One of the following:2
ECON 4346 Technology, Economy and Society
ECON 4382 International Finance
Distributive Justice Course:
ECON 4320 Public Sector Economics
And one of the following:
GOEG 3370 The Global Economy
ECON 4360 International Trade
ECON 4362 Development Economics
ECON 4382 International Finance
Major Related Courses (15 hours)
15 hours Economics upper-division ECON courses

2 A Major requirement that also fulfills a Core Curriculum requirement. Hours are counted in Core Curriculum.
3 Students wishing to pursue Master’s or Ph.D. degrees in economics should consult their advisor about appropriate mathematics and quantitative methods courses.
*Indicates a prerequisite class to be completed before enrolling for upper-division classes in Economics and Finance.

III. Elective Requirements: 25 hours

Advanced Electives (6 hours)
All students are required to take at least six hours of Advanced Electives outside their major field of study. These must be either upper-division classes or lower-division classes that have prerequisites.

Free Electives (19 hours)
This requirement may be satisfied with lower- and upper-division courses from any field of study. Students must complete at least 51 hours of upper-division credit to qualify for graduation. Note: students may need more than 19 hours, depending on the mathematics sequence selected.

One option of specialization offered by the Economics program to students pursuing a Bachelor of Science degree is a double major with a Bachelor of Science in Finance with the Chartered Financial Analyst (CFA®) track. The CFA® program, administered by the CFA® Institute, is a globally recognized standard for measuring the competence and integrity of financial analysts. Three levels of examination measure a candidate’s ability to apply the fundamental knowledge of investment principles at a professional level. The CFA® examinations are administered annually in more than 70 nations worldwide. For information about registering in the CFA® program, see the CFA® web site at www.cfainstitute.org/pages/index.aspx. The Economics Program, in conjunction with the Finance Program in the School of Management, offers a number of courses that help prepare students for the Level I examination. Specific information is provided in the section on requirements for the Bachelor of Science in Economics.

Bachelor of Science in Economics and Finance (Double Major) with an emphasis in CFA® Degree Requirements (126-127 hours)

I. Core Curriculum Requirements 1: 42 hours

  1. Communication (6 hours)
    3 hours Communication (RHET 1302)
    3 hours Communication Elective (BA 3311)
  2. Social and Behavioral Sciences (15 hours)
    6 hours Government (GOVT 2301 and 2302)
    6 hours American History
    3 hours Social and Behavioral Sciences Elective (ECON 2301)2
  3. Humanities and Fine Arts (6 hours)
    3 hours Fine Arts (ARTS 1301)
    3 hours Humanities (HUMA 1301)
  4. Mathematics and Quantitative Reasoning (6 hours) 3
    3 hours Mathematics (MATH 1325)
    3 hours Quantitative Reasoning (STAT 3360)2
  5. Science (9 hours including at least one course with a substantial laboratory component)

1Curriculum Requirements can be fulfilled by other approved courses from accredited institutions of higher education. The courses listed in parentheses are recommended as the most efficient way to satisfy both Core Curriculum and Major Requirements at UT Dallas.
* Degree is 127 hours if student is required to take RHET 1101.

II. Major Requirements: 57 hours

Major Preparatory Courses (18 hours)
AIM 2301 Introductory Financial Accounting *
AIM 2302 Introductory Management Accounting *
BA 2301 Business and Public Law *
ECON 2301 Principles of Macroeconomics*
ECON 2302 Principles of Microeconomics*
MATH 1325 Applied Calculus I *2, 3
MATH 1326 Applied Calculus II *2, 3
MATH 2333 Matrices, Vectors and Their Application *4
Major Core Courses (45 hours)
BA 3311 Business Communications
BA 3341 Business Finance
BA 3351 Introduction to Management Information Systems
BA 3352 Production Management
BA 3361 Organizational Behavior
BA 3365 Principles of Marketing
BA 3390 Quantitative Methods in Finance
BA 4305 Strategic Management
BA 4346 Investment Management
BA 4371 International Business
ECON 3310 Intermediate Microeconomic Theory
ECON 3311 Intermediate Macroeconomic Theory
ECON 4351 Mathematical Economics
ECON 4355 Econometrics
STAT 3360 Probability and Statistics for Management and Economics
AIM 3320 Financial Information Management
2 A Major requirement that also fulfills a Core Curriculum requirement. Hours are counted in Core Curriculum.
3 These hours are counted under Mathematics Core above; students may substitute MATH 2313 and MATH 2414 or MATH 2417 and MATH 2419. 4 Students may substitute MATH 2418 or CS 2305.
* Indicates a prerequisite class to be completed before enrolling for upper-division classes in Economics and Finance.

III. Guided Elective Requirements: 24 hours

Select 9 hours from: BA 4199, BA 4299, BA 4345, BA 4347, BA 4348, BA 4349, BA 4350, or BA 4361.
Select 3 hours from: AIM 3320, AIM 3331, AIM 3351, AIM 4332, AIM 4336, or AIM 4337.
Select 12 hours from: ECON 3312, ECON 4301, ECON 4310, ECON 4320, ECON 4345, ECON 4360, ECON 4362, ECON 4382, ECON 4385, ECON 4396, or ECON 4399.

Minor in Economics (18 hours)

For a minor in Economics, students must take ECON 2301, ECON 2302, ECON 3304, either ECON 3310 or ECON 3311, and six hours of ECON electives. Electives may be any upper-division course with the ECON prefix with the exception of ECON 4V97, ECON 4V98, and ECON 4V99.