2022-2023 Catalog 
    May 17, 2024  
2022-2023 Catalog [ARCHIVED CATALOG]

Economics Major

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Professors MacLeod
Associate Professors Bryan, Rahman, Skosples, Yazar
Assistant Professors Georgic, Vollrath, West, Younkman

Primary Economics Faculty: Georgic, Gitter, Rahman, Skosples, Yazar

Emeritus Faculty: Professor Gitter

The economics major emphasizes theory and its applications, along with the institutional makeup of the economy.

Learning Objectives

For the economics and management economics majors, the department of economics and business reviews student learning with respect to the following learning goals:

• Development of analytical and critical thinking skills

• Knowledge in core areas with an integrative view of economic concepts.

• Ability to interpret, analyze and present data

• Demonstrating command of the knowledge through effective communication of written and

spoken word, and asking pertinent and constructive questions.

Major Requirements

A total of 11 units consisting of the following:

Required Courses

6 units consisting of ECON 110 , ECON 251 , ECON 252 , ECON 255  or ECON 259 , ECON 499  and [MATH 105  or MATH 230  or PSYC 210 ]. Students may complete a senior project and presentation in qualifying courses other than ECON 499  (Students should consult with the department about completing a senior project and presentation in a course other than ECON 499 ). A grade of C- or better is required in the capstone course—either ECON 499  or the substitute course. It is recommended that the statistics course be completed by the end of the sophomore year, as it is a prerequisite for ECON 251  and ECON 252 . Students must pre-register for ECON 499  in the Economics and Business Department in the spring semester of their junior year.

Elective Courses

5 upper-level (numbered 250 or above) Economics (ECON) units. Of these five additional units, at least one must come from Group I (Advanced) and one from Group II (International), with the remaining units coming from any other ECON course.


(NOTE: If both ECON 255  and ECON 259  are taken, one will serve as the required course, and the other may be used as one of the electives.)

A maximum of two units from ECON 490 , ECON 490 B , ECON 491 , and ECON 495  may count toward the major. Only one unit of ECON 495  can be counted and BUS 495  does not count toward the Economics major.

Recommended: Substantial work in mathematics is required if considering graduate work in economics.

Other Information

Majors and minors should be declared no later than the sophomore year. In order to declare a major or minor in Economics, a student must have either a) a 2.5 cumulative University grade point average, or b) a 2.0 cumulative University grade point average and have earned a minimum B grade in a course taken in the intended major or minor track.

Some major/ minor combinations are permitted in the Economics and Business department, but a minor in business or economics may not be combined with a major in management economics, or international business.  Finance majors may not minor in economics, but they may minor in business by taking an extra business course above that otherwise required for the minor.

Students may not count more than two courses in a program when combining programs within the Economics and Business department. For example, a Business Administration major (14 units) completing an Economics minor (7 units), may not count more than two courses for both programs, so additional coursework (beyond 19 units) will be necessary to complete the requirements for this combination of programs. 

It is recommended that the statistics course (MATH 105  or MATH 230  or PSYC 210 ) be completed by the end of the sophomore year. MATH 105  may not be taken for credit after receiving credit for MATH 110  or above.  (This includes credit for AP calculus or equivalent.)

Students considering a second economics course should consider courses numbered in the 200s.

All elective courses must be upper-level (numbered 250 and above.)  Only one unit of 495 may be counted and a maximum of two units from 490A, 490B, 491, and 495 may be counted toward any major in the Economics and Business department. BUS courses do not count toward the economics major, and ECON courses will not usually count toward the business administration major.

Students must attain a minimum 2.0 grade point average in their major to graduate. Courses eligible to be counted in the major or minor cannot be taken credit/no entry. All pre-requisite courses must be successfully passed with a grade of C- or better to qualify for enrollment in the subsequent course.

A maximum of 13 units of credit in any one discipline (accounting, business, or economics) and 17 total units of credit in the Economics and Business department may be counted in the 34 units required for graduation. Additional discipline or department units will result in greater than 34 units required for graduation.

All economics courses (ECON) below the 490 level meet the Social Science distribution requirement (Group I).

ACCT, BUS, and FIN courses do not meet any distribution requirements.

A-Levels, International Baccalaureate, Advanced Placement, and Other Credits

Students who pass A-Levels in Economics with a C or better will receive a total of two credits; one for ECON 110  and one general unit of lower-level Economics credit.

Information on credit for International Baccalaureate and Advanced Placement may be found in the Academic Regulations and Procedures section of this Catalog.

Students may use a proficiency examination or an advanced placement examination to meet the requirements of ECON 110 . Information on the proficiency examination for ECON 110  will be given during new student orientation. Advanced Placement Rules are listed in the Academic Regulations and Procedures section of this Catalog.

Students who transfer courses to Ohio Wesleyan University should consult with the department chair regarding the appropriate credit to be awarded. If several courses are transferred at less than 1.0 unit (3.7 credits), additional courses may be required. For all majors and minors in the department, a majority of the courses must be completed at OWU.

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