Associated Faculty Michael Cheney, Robert Sipe
Emeritus Faculty Michael Ayers, Leroy Wehrle
Adjunct Faculty Mohammed Shahidullah
The goal of the Economics Program is to help students build strong conceptual thinking and problem-solving skills by understanding and applying economic theory to real world problems. Specific program objectives include the development of 1) basic knowledge of micro- and macroeconomic theory and their applications and quantitative methods of analysis, 2) skills in research using the theories and methods of economic analysis, and 3) skills for applying economic theories and models.
New students must contact the department for initial advising to plan a program of study that reflects their interests and satisfies degree requirements.
The B.A. in economics is designed to meet the standards set by the profession. Through its curriculum and faculty resources, the department seeks to prepare its graduates with the requisite skills and knowledge to perform successfully in careers in private enterprise as well as government or not-for-profit enterprises.
All departments in the College of Business and Management require foundation knowledge in accounting, economics, mathematics, statistics, and the behavioral sciences. UIS courses that satisfy the foundation knowledge requirement include:
ACC 211 Introduction to Financial Accounting and
ACC 212 Introduction to Managerial Accounting
ECO 213 Statistics for Business and Economics
MAT 113 Business Calculus (or other calculus or finite math equivalent)
ECO 201 Introduction to Microeconomics and
ECO 202 Introduction to Macroeconomics
Behavioral science course (psychology, sociology, etc.)
A minimum GPA of 2.00 (C) is required in the foundation coursework for entry to the program core courses.
A student must complete 60 semester hours of upper-division coursework to earn a B.A. in economics.
College core 18 Hrs.
(Required of all undergraduate College of Business and Management students)
BUS 302 Principles of Financial Management 3 Hrs.
BUS 312 Principles of Marketing 3 Hrs.
BUS 322 Principles of Operations Management 3 Hrs.
MGT 310 Managing Organizational Behavior 3 Hrs.
MIS 352 Principles of Management Information Systems 3 Hrs.
MGT 488 Strategic Management and Leadership 3 Hrs.
Economics core 20 Hrs.
ECO 301 Intermediate Microeconomics 4 Hrs.
ECO 302 Intermediate Macroeconomics 4 Hrs.
ECO 314 Quantitative Methods for Business and Economics 4 Hrs.
ECO 408 History of Economic Thought 4 Hrs.
ECO 413 Econometrics 4 Hrs.
Students must complete the 20 hours of economics core courses in the UIS College of Business and Management. Students must earn a grade of C or better in economics core courses. In addition, students must maintain an average GPA of 3.00 (B) or better in the two theory courses, ECO 301 and ECO 302.
Students should consult with advisers in the major for specific guidance regarding completion of general education requirements.
The Economics Program offers the bachelor's degree in two formats: one for students participating in traditional classroom instruction and one for students who wish to complete their degree online. The online degree program allows students to participate in a dynamic online learning community and complete their coursework using the latest information technologies and educational resources via the worldwide web. This fully online program is designed for students with 60 hours of completed college credit who are unable to attend on campus classes because of distance, work or care giving issues that are incompatible with regularly scheduled class offerings. Admission to this program is limited by enrollment capacity. Students who seek admission to the online program should have 1) met all general education and entrance requirements stipulated for economics majors; 2) a minimum GPA of 3.00; 3) a demonstrated ability to write in the English language at the appropriate baccalaureate level; 4) access to the Internet, specified software, and experience with their use.
Details about how to apply to the Economics Online Program can be obtained by accessing the department's website at www.uis.edu/economics.
To earn a minor in economics, students must complete the following courses or their equivalents:
ECO 201 Introduction to Microeconomics 3 Hrs.
ECO 202 Introduction to Macroeconomics 3 Hrs.
ECO 301 Intermediate Microeconomics 4 Hrs.
ECO 302 Intermediate Macroeconomics 4 Hrs.
Two upper-division economics courses from UIS 8 Hrs.
Total 22 Hrs.
A minimum GPA of 2.00 (on a 4.00 scale) in economics coursework is required for the economics minor. Students should consult with a department faculty member to ensure that the requirements for a minor are met.