student handbook 2 · and lots of fun and interesting people have majored in economics. scott...

Student Handbook 2.0

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Department of Economics

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213 McElhaney Hall

College of Humanities and Social Sciences

Indiana University of Pennsylvania

Indiana, PA 15705-1087

724-357-2640

Message from the Department Chair 5

Studying Economics at IUP 6

Department Faculty 7

The World of Economics 9

Curriculum and Programs of Study 11

Scholarships and Awards 18

Career Opportunities 20

Finding a Job 21

Graduate School Opportunities 22

Taking Advantage of Your Current Opportunities 26

FAQ 28

Course Offerings 33

Appendices: Curriculum Checklists 39

TABLE OF CONTENTS

W elcome to the Department of Economics at IUP!

We have ten faculty members united in a common mission of providing

the best undergraduate education possible. Economics majors enjoy

close interactions with faculty members.

Classes are small. Introductory classes average about 45 students each

and upper-level classes average about 23 students. There are many

opportunities to interact with faculty both inside and outside of class.

Want to talk economics? Great. Stop by our offices. Want to talk sports

or music? Even better. We're easy to find. Don't hide. Our faculty want

to know who you are. Our faculty care.

Economics graduates enter rewarding careers. Our alumni have rung up

an impressive list of accomplishments. Many of our students enter

graduate programs. Some continue in economics, others branch into

related areas such as law or business or statistics or public administra-

tion.

As you examine the information about our department's programs and

curriculum in this Student Handbook, you will find a strong, diversified,

and student-oriented department.

We hope you have great success in your undergraduate career here at

Indiana University of Pennsylvania. If you have questions or would like

more information about our department and programs, do not hesitate

to contact me.

Dr. Nicholas Karatjas, Professor and Chair

Department of Economics

(724) 357-2640

[email protected]

MESSAGE FROM THE DEPARTMENT CHAIR

E conomics provides a background and educational base that open a

broad range of professional, educational, and vocational opportu-

nities. Studying economics is also a potentially lucrative choice (see ta-

ble below). As a department housed in the College of Humanities and

Social Sciences, a Bachelor of Arts degree in economics provides a lib-

eral arts education, as well as professional and technical training. In-

deed, many students completing an undergraduate major in economics

do not pursue careers as professional economists; they enter such fields

as law, management, finance, and labor relations. By helping to develop

a student’s ability to think and communicate, economics provides a firm

foundation upon which the

student can build any one of a

large number of possible ca-

reers.

Several different degree pro-

grams are available: a Bache-

lor of Arts degree with a ma-

jor in economics that prepares

students for immediate em-

ployment or graduate school;

a Bachelor of Arts degree with

a major in Economics/Pre-Law

track for students who wish to

attend law school; a Bachelor

of Arts degree with a major in

Economics/Mathematics com-

bining courses in both areas

for preparation for graduate

study or for employment in

applied fields such as policy

analysis and research; and the Bachelor of Science in Education that

prepares students to teach economics and other social sciences in sec-

ondary schools. There is also an honors track specifically designed for

motivated and exceptional students. These programs will allow students

who are seeking admission to graduate or professional schools to get

an early start working in a challenging and academically vigorous envi-

ronment.

This Student Handbook is designed to assist you during your time here

at IUP. If you have any questions, this is your first stop. It is also im-

portant to know that the faculty are readily available for consultation

and advising.

STUDYING ECONOMICS AT IUP

James A. DyalJames A. DyalJames A. DyalJames A. Dyal, Professor, Ph.D., University of Illinois

Specialties: Urban and Regional Economics, Economics of Human Re-

sources, Labor Economics, International Trade

McElhaney 213G, (724) 357-4856

[email protected]

Sarah E. JacksonSarah E. JacksonSarah E. JacksonSarah E. Jackson, Assistant Professor, Ph.D., University of Illinois

Specialties: Labor Economics, Public Economics, Economics of Educa-

tion, Family Economics

McElhaney 202C, (724) 357-4827

[email protected]

James J. JozefowiczJames J. JozefowiczJames J. JozefowiczJames J. Jozefowicz, Associate Professor and Co-Director, IUP Center for

Economic Education, Ph.D., State University of New York at Albany

Specialties: Econometrics, Economic Education, Industrial Organiza-

tion, Managerial Economics, Monetary Economics

McElhaney 202E, (724) 357-4774

[email protected]

Stephanie M. JozefowiczStephanie M. JozefowiczStephanie M. JozefowiczStephanie M. Jozefowicz, Associate Professor and Co-Director, IUP Cen-

ter for Economic Education, Ph.D., Indiana University

Specialties: Economic Education, Game Theory & Experimental Meth-

ods, International Economics, Public Economics

McElhaney 202B, (724) 357-2642

[email protected]

Jack D. Julian, Jr.Jack D. Julian, Jr.Jack D. Julian, Jr.Jack D. Julian, Jr., Assistant Professor, Ph.D., University of Cincinnati

Specialties: Econometrics and Statistical Methods, Economic Develop-

ment, International Trade, International Finance, Economic Education

McElhaney 213B, (724) 357-4771

[email protected]

Nicholas KaratjasNicholas KaratjasNicholas KaratjasNicholas Karatjas, Professor and Chairperson, Ph.D., State University of

New York at Stony Brook

Specialties: Economic Education, Health Economics, Managerial Eco-

nomics, Tourism Economics

McElhaney 213F, (724) 357-4855

[email protected]

Todd B. PottsTodd B. PottsTodd B. PottsTodd B. Potts, Associate Professor, Ph.D., University of Georgia

Specialties: Econometrics, Empirical Macroeconomics, Industrial Or-

ganization, Monetary Economics, Sports Economics

McElhaney 213C, (724) 357-4770

[email protected]

DEPARTMENT OF ECONOMICS FACULTY

Willard W. RadellWillard W. RadellWillard W. RadellWillard W. Radell, Professor, Ph.D., University of Illinois

Specialties: Comparative Systems, Economic History, Industrial Or-

ganization, Managerial Economics, Statistical Graphics

McElhaney 213D, (724) 357-4776

[email protected]

Yaya SissokoYaya SissokoYaya SissokoYaya Sissoko, Assistant Professor, Ph.D., Southern Illinois University

Carbondale

Specialties: Economic Development, Econometrics, International Eco-

nomics, International Finance, Macroeconomics, Mathematical Eco-

nomics, Monetary Economics

McElhaney 213E, (724) 357-4781

[email protected]

David B. YergerDavid B. YergerDavid B. YergerDavid B. Yerger, Associate Professor, Ph.D., The Pennsylvania State Uni-

versity

Specialties: Empirical Macroeconomics, Industrial Organization, Inter-

national Economics

McElhaney 202D, (724) 357-4775

[email protected]

DEPARTMENT OF ECONOMICS STAFF

Debbie BaccoDebbie BaccoDebbie BaccoDebbie Bacco, Department Secretary

McElhaney 213, (724) 357-2640

[email protected]

Back row (left to right): Jim Dyal; Yaya Sissoko; James Jozefowicz; Todd Potts.

Middle row: Nicholas Karatjas, Chair; Willard Radell; David Yerger; Jack Julian.

Front row: Debbie Bacco, Secretary; Sarah Jackson; Stephanie Jozefowicz.

W hat a great major! Students choose it for many different rea-

sons: it helps explain the real world, it offers hope and clarity

on ways to improve the world, and it combines the rigor and elegance of

math and logic with the philosophy of what is and what could and

should be. The analytical skill of economists is useful in evaluating al-

ternative methods of achieving society's goals and objectives and in for-

mulating strategies and policies that will help to achieve these objec-

tives.

Inflation, unemployment, economic growth, health care, poverty, crime,

pollution, education, monopoly and many other issues are examined.

Economics is a problem-oriented social science, and the problems with

which it is especially concerned are among the most critical of our age.

Should we cut tax rates or reform welfare or regulate health-care prices?

What caused the Asian financial crash? Will U.S. stock prices continue to

climb? How might we combat unemployment or cure a foreign-trade

deficit? Economics is splashed across every front page every day. It fills

our newspapers and pervades our politics. The relevance of economics

to vital social and individual choices attracts many students.

The accomplishments of economics have established it as the most suc-

cessful social science. We have confounded history by avoiding a de-

pression for more than 60 years, and we have developed and pushed

competitive policies leading to unprecedented levels of output and

wealth. In recognition of our scientific success, the Royal Swedish

Academy of Science awards an annual Nobel Prize for Economics, the

sole social science to be so honored. The President of the United States

maintains a Council of Economic Advisors; no such permanent agency

exists for any other social or natural science. Economic thought has

literally transformed society. As John Maynard Keynes wrote in 1936,

"Practical men, who believe themselves to be quite exempt from any

intellectual influences, are usually the slaves of some defunct econo-

mist."

Students sometimes become impatient with the seemingly endless con-

jectures that characterize most social sciences. Economics can be their

refuge. Economists develop scientific models to organize facts and

think about policy alternatives. We make behavioral assumptions, work

out the logical implications of those assumptions, and use sophisticated

statistical techniques to test these implications with real-world data.

Developing theories with predictive content is a goal of every science.

And economics leads the social science pack. The rational choice model

WELCOME TO THE WORLD OF ECONOMICS

Economics deals with vital current problems.

Economics is a successful and prestigious social science.

Economics has a highly developed and successful theoretical structure.

underlying economic theory has proven to be so successful that we are

now busily exporting it to other social science disciplines.

Some majors are dead-ends or lead to relatively few alternative futures.

Not economics. Alternatives for economic majors are unusually varied.

They include business, finance, journalism, policy research, education,

administration, politics, government service, labor relations and many

types of graduate study. In the eyes of many employers, economics

majors are a preferred employment risk. Employers know that econom-

ics is not a major for students seeking an easy ride. They know that the

analytical rigor and demands of economics attract better students seek-

ing a challenge. To be a graduate in economics is itself a valuable cre-

dential and explains why salaries of economists are higher than those

earned by other social scientists.

More importantly, because economics stresses analysis rather than

facts, economists are well placed to meet the changing needs of modern

jobs. What matters in today's world is not what you know. Information

becomes outdated quickly. Facts change. Issues change. Jobs change.

What matters is your ability to think. Employers need people who can

think, who can analyze new issues and solve new problems. That's what

economics is about. Economics is not a body of facts; it is a way of

thinking. In the words of IUP graduate Chris Johnston, Vice President of

a multi-billion dollar investment firm, "Economics teaches us to con-

front problems, to size them up, and wrestle with creative solutions.

That is what firms hire you to do."

That's right, it's fun. Where else can you interlace analyses of oil prices

with theories of love and marriage? Economics is not just about stock

markets and unemployment rates. Economics is about choice – all kinds

of choices. The same economic way of thinking that can analyze Micro-

soft's pricing strategies can shed light on law and crime, on love and

marriage, on biological evolution, on life and death, and even on reli-

gious faith. Economics is everywhere.

And lots of fun and interesting people have majored in economics.

Scott Adams, the creator of Dilbert, was an economics major. So were

former Justice Sandra Day-O'Connor, NFL head coach Bill Belichick, for-

mer Denver Bronco’s quarterback John Elway, Mick Jagger (Rolling

Stones), Ray Manzerek (The Doors), actress Cate Blanchett, actor and

chef Paul Newman, actor and politician Arnold Schwarzenegger, billion-

aire media magnate Ted Turner, real estate magnate Ted Turner, and

UN Secretary General Kofi Annan.

Economics is fun!

Economics opens a variety of future options.

CURRICULUM AND PROGRAMS OF STUDY

The Department of Economics at IUP offers a broad range of courses.

We offer Principles of Macroeconomics (ECON 121) and/or Principles of

Microeconomics (ECON 122). These courses, which may be taken in

either order, provide a solid overview of economic analysis and issues

and serve as prerequisites for upper-level courses. An alternative intro-

ductory course is Basic Economics (ECON 101), a one-semester survey

course for students planning to take only one course in the field. Note:

It does not count toward a major or minor and may not be scheduled by

anyone currently taking another economics class or anyone who has

already been granted IUP credit for an economics course.

In addition to advanced theory courses in both macroeconomics and

microeconomics, we offer more than 20 upper-level courses that span

the discipline. Students interested in banking might consider Monetary

Economics while those interested in international issues will probably

want to take International Trade, International Finance, and Economic

Development. We also offer courses in managerial economics, public

policy, labor, econometrics and much more. Independent study and

internship options are available as well.

Many courses are offered every semester while others are offered on a

rotating basis. Sample course syllabi and information on future offer-

ings are available in the department office.

Majors have a choice of four different degree programs. We offer a

Bachelor of Arts in Economics, a Bachelor of Arts in Economics/Pre-Law

Track, a Bachelor of Arts in Economics/Mathematics, and, through the

College of Education, a Bachelor of Science in Social Studies Education/

Economics Track. Detailed curriculum checklists for each program are

in the appendices of this handbook. (They are also available outside the

department office and may be downloaded from the Department of Eco-

nomics web site at http://www.chss.iup.edu/economics/Programs/.)

The B.A. in Economics gives students a broad preparation for many ca-

reers and programs of graduate study. It provides flexibility in terms of

choosing specific courses and free electives coincident with a student's

interests and abilities.

All students in this major must complete IUP's graduation requirement

of 120 credits with a minimum overall 2.00 grade-point-average (GPA).

Introductory Courses

Advanced Courses

Majors

Bachelor of Arts in Economics

As part of completing the degree, they must fulfill the university's Lib-

eral Studies requirements and the College of Humanities and Social Sci-

ences (CHSS) foreign language requirement. In addition, students must

complete a minimum of 34 credits in the major. Required courses in-

clude:

Principles of Macroeconomics (ECON 121)

Principles of Microeconomics (ECON 122)

Macroeconomic Analysis (ECON 421)

Microeconomic Analysis (ECON 422)

A course in calculus (MATH 115, 121, or 123)

A course in probability and statistics (normally MATH 214, 216, or

217)

Fifteen credits of advanced economics electives. No more than two

of these ECON controlled electives may be 200-level courses.

A minimum 2.00 GPA must be maintained in the major (including the

courses in calculus and in probability and statistics). Grades of D are

acceptable as long as the student earns enough A and B grades to keep

the GPA in the major at or above the required 2.00. Courses such as

ECON 121 and calculus may be double-counted toward both the major

and the liberal studies requirements.

IUP offers a program for law school preparation. There is a great de-

mand for lawyers, but there are many applicants to law schools and an

ever-increasing flow of new lawyers from law schools. In fact, the num-

ber of new lawyers is so great that average salaries in the legal profes-

sion are held down because of oversupply. Furthermore, the caliber of

the students in law schools is rising continuously, and the competition

within law schools is intense. To obtain admission to law school, stu-

dents must have a serious, mature, professional interest in a legal ca-

reer. Their grades must be excellent, and they must be familiar with a

wide range of subject matters to achieve a good score on the Law

School Admission Test (LSAT).

As the table on the next page indicates, economics majors score excep-

tionally well on entrance exams for law schools (LSAT). A foundation in

economics is critical for many legal specialties and prepares students

for the rigor of legal analysis and reasoning. Many controversial legal

issues (e.g., ones relating to pollution, resource scarcity, pension rights,

intellectual property rights and social security) are largely economic in

basis. The lawyer equipped with an economics background is certain to

have a real advantage in litigation and in efforts to find better solutions

to problems.

Bachelor of Arts in Economics/Pre-Law Track

The IUP Pre-Law Program is designed to help students

obtain admission to and be successful in law school. It

consists of a major in a particular discipline. Students

must major in one of the following seven disciplines:

Business, Criminology, Economics, English, History,

Philosophy, or Political Science. They then take addi-

tional pre-law course work chosen from each of the

other departments.

The student pursuing a B.A. in Economics/Pre-Law

Track must complete most of the same requirements

as students in the B.A. in Economics, plus twenty-one

credits of pre-law courses as described below. This

provides the range of academic experience that law

schools have indicated is desirable. At least one

course must be selected from each area other than the

student's major. The remaining three required credits

are chosen from any of those six disciplines. Each

course below carries three credits.

Business ACCT 201 Accounting Principles I

ACCT 202 Accounting Principles II

BLAW 235 Introduction to Business

Law

Criminology CRIM 210 Criminal Law

CRIM 215 Survey of Courts and the

Criminal Justice System

CRIM 255 Law, Social Control, and

Society

English ENGL 212 American Literature: Begin-

nings to 1900

ENGL 220 Advanced Composition I

ENGL 310 Public Speaking

History HIST 320 History of England to 1688

HIST 321 History of England, 1688 to

present

HIST 346 Recent U.S. History

Philosophy PHIL 101 Informal Logic: Methods of

Critical Thinking

PHIL 222 Ethics

PHIL 450 Philosophy of Law

AVERAGE LSAT SCORES BY UNDER-

GRADUATE MAJOR FIELD OF STUDY,

2002-2003

Major fieldMajor fieldMajor fieldMajor field Average ScoreAverage ScoreAverage ScoreAverage Score Number of Number of Number of Number of

StudentsStudentsStudentsStudents

Physics/math 158.9 723

Philosophy/Religion 157.4 2,410

EconomicsEconomicsEconomicsEconomics 156.6156.6156.6156.6 4,1634,1634,1634,163

Government/service 155.5 811

Engineering 155.4 3,367

Anthropology/geography 155.2 1,103

International relations 155.1 1,557

History 155.0 4,716

Computer Science 154.8 1,115

Chemistry 154.5 1,000

English 154.5 6,736

Biology 154.4 3,110

Arts 154.2 2,534

Foreign languages 154.0 1,174

Finance 152.6 3,492

Political Science 152.1 15,023

Psychology 152.1 5,164

Accounting 151.1 2,232

Sociology/social work 151.1 4,337

Journalism/

communication 150.9 4,281

Health profession 150.4 1,120

Marketing 150.2 2,068

Liberal arts 149.9 1,447

Management 149.7 4,189

Business administration 149.6 2,615

Education 148.9 728

No major/other 148.1 8,197

Prelaw 147.4 856

Criminology 145.1 4,123

Weighted meanWeighted meanWeighted meanWeighted mean 152.2152.2152.2152.2 94,39194,39194,39194,391

Grouped by major field with at least 700 students

taking the Law School Admissions Test (LSAT). Nieswiadomy, M. 2006. LSAT scores of economics

majors: The 2003-2004 class update. Journal of

Economic Education 37 (Spring) 244-247.

Political PLSC 358 Judicial Process

Science PLSC 359 Constitutional Law and Civil Liberties

PLSC 361 Modem Political Thought

The IUP Pre-Law Program has a simple administration structure de-

signed to be of maximum assistance to the student. Dr. David Yerger

serves as advisor to pre-law track economics majors. Dr. Gwen Torges

of the Department of Political Science serves as the Director of the Pre-

Law Program at the university. Interested students should consult with

Dr. Yerger (see contact information on page 8) or Dr. Torges. (Dr. Gwen

Torges, 103 Keith Hall Annex, 724-357-2290.) The Pre-Law Board,

composed of representatives from the participating disciplines, is the

policy-making organization of the program and determines its curricu-

lum. The Board also provides special programming throughout the year

to provide pre-law students with information about law schools, law

school entrance requirements, and the profession of law.

A solid background in mathematics is essential for advanced theoretical

and applied work in economics. Similarly, students with talent and in-

terest in mathematics find economics an excellent field in which to ap-

ply their skills. There is an increasing demand for students trained in

both disciplines. The Bachelor of Arts in Economics/Mathematics com-

bines these complementary subjects in a joint degree program adminis-

tered cooperatively by the Departments of Economics and Mathematics.

Students declaring an economics/mathematics major will be assigned

an advisor in each department. Graduates will have an exceptional

background for graduate study in economics and such related fields as

business, public policy, or operations research. They also will be ideally

prepared to fill a wide variety of technical and quantitative positions in

government and private industry.

All students in this major must complete IUP's graduation requirement

of 120 credits with a minimum 2.00 grade-point-average (GPA). They

must also complete the university's Liberal Studies requirements and the

College of Humanities and Social Sciences (CHSS) foreign language re-

quirement. In addition, students must complete a minimum of 53 cred-

its in the major. Required courses include:

Principles of Macroeconomics (ECON 121)

Principles of Microeconomics (ECON 122)

Macroeconomic Analysis (ECON 421)

Microeconomic Analysis (ECON 422)

Calculus I for Physics, Chemistry and Mathematics (MATH 123)

Calculus II for Physics, Chemistry and Mathematics (MATH 124)

Bachelor of Arts in Economics/Mathematics

Introduction to Linear Algebra (MATH 171)

Probability and Statistics (either MATH 216 or ECON 355)

Twelve credits of advanced economics electives. No more than one

of these ECON controlled electives may be a 200-level course.

A two-semester math sequence (either MATH 241 and 371, MATH

363 and 364, or MATH 445 and 446)

Three additional math courses from the above sequences or MATH

271, 272, 342, 417 or 418, 421, 422, 423, 425, 427, 451, 465,

476, 477.

A minimum 2.00 GPA must be maintained in the major. Grades of D are

acceptable as long as the student earns enough A and B grades to keep

the GPA in the major at or above the required 2.00. Courses such as

ECON 121 and MATH 123 may be double-counted toward both the ma-

jor and the liberal studies requirements.

The honors program is open by departmental permission to Economics,

Economics/Mathematics, and Economics/Pre-Law majors with a mini-

mum 3.25 cumulative GPA and a 3.25 GPA in Economics courses. Stu-

dents complete ECON 355, 356, 483, and HNRC 499, which fulfills the

Liberal Studies Synthesis requirement. Students must earn at least a C in

each course completed for the track. Students should consult their advi-

sors to determine how honors track courses will be integrated into ex-

isting requirements for the Economics, Economics/Mathematics, or Eco-

nomics/Pre-Law majors. Students with multiple majors must have their

“home” department in the College of Humanities and Social Sciences to

be eligible for the honors track.

To apply, an application should be filed with the chairperson of the De-

partment of Economics.

Economics Honors Track Requirements:

Primary or Secondary Major: Economics, Economics/Mathematics, or

Economics/Pre-Law

Minimum Overall GPA: 3.25

Minimum Major GPA: 3.25

Minimum “C” or higher for each of the following four courses:

ECON 355 Statistics for Economists

ECON 356/H/ Introduction to Econometrics

ECON 483/H/ Honors Thesis in Economics

HNRC 499 Honors Senior Synthesis (in place of LBST 499)

Bachelor of Arts in Economics, Honors Track

The B.S. in Social Studies Education leads to teaching certification for

social studies in Pennsylvania junior high and high schools. Although

graduates will be certified to teach all social sciences, they must choose

to concentrate in one particular field. Students choosing the economics

track must complete ECON 121, ECON 122 and at least five upper-level

economics courses, including three courses chosen from specific

groups. They must also complete a series of other social science

courses, as well as the College of Education's core curriculum, including

a semester of student teaching. A detailed list of program requirements

can be found in the Undergraduate Catalog (p. 97-98) and is also avail-

able online. The program is administered through the College of Edu-

cation and Educational Technology.

Economics is an ideal complement for many other majors, and students

majoring in other fields often pursue a second major in economics. Past

students have successfully combined economics with many different

majors, including such diverse fields as marketing, finance, political sci-

ence, journalism, geography, criminology, psychology, foreign lan-

guages, computer science, philosophy, and theater.

In addition to the requirements of their primary major, double majors

must complete the 34 credits listed above as requirements for a major

in economics. Double majors fulfill the Liberal Studies and College re-

quirements set by their primary major, but need not satisfy different

Liberal Studies and/or College requirements for economics. For exam-

ple, a marketing major must take the Business Core and the Liberal

Studies package prescribed by the College of Business, but need not

complete the College of Humanities and Social Sciences foreign lan-

guage requirement. Similarly, if a student whose primary major is po-

litical science wants a second major in economics, he/she is not re-

quired to take a writing-intensive course in economics and may use

ECON 122 as a Liberal Studies elective.

To request a double major, fill out a change-of-major form and specify

that you are applying for a second major rather than a change of major.

The form is obtainable from the department secretary in McElhaney 213.

To complete a minor in economics a student must complete 15 credits

in economics including Principles of Macroeconomics (ECON 121) and

Principles of Microeconomics (ECON 122). The other nine credits may

be met by completing any other classes with an ECON prefix except

ECON 101. A student must maintain a minimum 2.00 GPA in econom-

ics. To ensure proper credit, students should complete an application

form available in the Department of Economics office.

Minor in Economics

Economics as a Second Major

Bachelor of Science in Social Studies Education/Economics Track

ACADEMIC ADVISING

A student entering any Department of Economics program will be

assigned a faculty advisor. The student will retain the same advi-

sor as long as he/she is in the program. The Department of Economics

places a high value on good student-faculty relationships and encour-

ages close interaction between students and faculty through the advis-

ing system.

Students should be aware that advising is much more than picking

courses. Good advising and heeding of advice will make for a better

academic experience. IUP is a large university and the choices may be

overwhelming, but there is also great opportunity. Your advisor can

help you choose courses that are part of your academic interests. Such

courses can be fit into the Liberal Studies requirements or as free elec-

tives. Moreover, students who switch to economics from another major

may need to more diligently map out their academic plans so as to fulfill

necessary requirements on a timely basis.

Students will need to meet with their advisor at least twice a year.

“Alternate PINs” are needed to register for classes. This information is

available only from your advisor.

You should expect your advisor to review your academic progress each

semester. Your advisor is also your key resource for mapping out your

academic program. He or she will help determine which courses you

should be taking, both in the major and as part of the university’s Lib-

eral Studies and any college-specific requirements.

“Checklists” and “course mapping” forms are included in the appendix

of this handbook. Copies are readily available in the department office

(look for files outside the main door) and are also available for

download from the department’s website.

Don’t be caught off guard! As advisors, the faculty work for you. You

should feel comfortable scheduling an appointment at any time to re-

view your academic record. Falling short of graduation requirements by

one course is a fear that can be assuaged at any time. With good advis-

ing, you will not be caught short.

Disclaimer: It is the student’s responsibility to be aware of and com-

plete all required coursework in his or her area of study. Your advisor is

here to assist you.

Registration

Graduation

SCHOLARSHIPS AND AWARDS

T he Department of Economics has several scholarships and awards

for majors. Check the scholarship link on the department’s

website for application information.

George A. Chressanthis Scholarship George A. Chressanthis Scholarship George A. Chressanthis Scholarship George A. Chressanthis Scholarship

The George A. Chressanthis Department of Economics Scholarship was

established by George A. Chressanthis, a 1977 graduate of Indi-

ana University of Pennsylvania. During his time at IUP, Dr. Chressanthis

was active in numerous activities, including the Economics Club, Omi-

cron Delta Epsilon, the Chess Club, Operation Uplift, and Alpha Phi

Omega. The scholarship, made possible by Dr. Chressanthis and Astra-

Zeneca, recognizes students who demonstrate good academic standing

and the potential for future success.

• Preference is given to incoming freshman students who have

declared a major in Economics, Economics Pre-Law, Mathemat-

ics/Economics, or Social Science Education with a concentration

in Economics at IUP. Currently enrolled students may be con-

sidered for the scholarship based upon academic and financial

factors, including an earned 3.25 cumulative GPA.

• Must have an outstanding academic record demonstrated by

factors including high school GPA, class rank, performance on

SAT or other college entrance standardized tests, and participa-

tion in extra-curricular activities that have an academic focus.

• Must demonstrate financial need in pursuing higher education

objectives.

Donald A. Walker Economics Scholarship Donald A. Walker Economics Scholarship Donald A. Walker Economics Scholarship Donald A. Walker Economics Scholarship

The Donald A. Walker Department of Economics Scholarship is awarded

to students majoring in economics, in economics pre-law, in mathemat-

ics/economics, or in social science education with a concentration in

economics. Scholarships will typically be directed to entering students

with outstanding academic potential. Awardees will be selected by the

Student Affairs Committee of the Department of Economics in consulta-

tion with appropriate University offices.

Dr. Donald A. Walker served as chairperson of IUP’s Department of Eco-

nomics from 1969 to 1998. While at IUP, Dr. Walker authored more

than 100 professional manuscripts and books. He was honored with IUP

Distinguished Faculty Awards for both scholarship and service. He re-

ceived the first Commonwealth of Pennsylvania Distinguished Academic

Service Award, was elected IUP’s first University Professor, served as the

Departmental Scholarships

youngest-ever President of the History of Economics Society and edited its

international scholarly journal for a decade.

For more scholarship information click to the department’s scholarship

information page at http://www.chss.iup.edu/economics/More/

scholarships/.

The following are awarded annually to our top graduates:

Bright Dismal Scientist Award

Dr. Brewer Award

Wall Street Journal Award

Omicron Delta Epsilon (Ο∆Ε) is one of the largest academic honor societies.

Ο∆Ε has over 600 chapters located in the United States, Canada, Australia,

the United Kingdom, Mexico, Puerto Rico, South Africa, Egypt and France.

The objectives of Ο∆Ε are:

• The recognition of scholastic attainment and the honoring of out-

standing achievements in economics;

• The establishment of closer ties between students and faculty within

colleges and universities, and among colleges and universities; and

• The publication of its official journal, The American Economist.

Membership is open to juniors and seniors who have:

• Completed 12 semester hours in economics courses

• Attained a 3.0 GPA in all economics courses and an overall 3.0 GPA

• Demonstrated a genuine interest in economics

Recruitment for Ο∆Ε takes place during the spring semester, following

spring break. Look for fliers in our classrooms or contact Dr. Jack Julian,

faculty advisor for Ο∆Ε.

Omicron Delta Epsilon

Awards for top graduates

CAREER OPPORTUNITIES

M ost people working as professional economists hold advanced

graduate degrees, but there is a wide variety of employment op-

portunities available to those with a B.A. Most students use economics

as an entry to other professions.

Banking and finance. These are perfect for a major in economics.

Banks, brokerage firms, insurance companies and investment

houses are but a few of the options in this broad area. Knowledge

of the economy is indispensable for these institutions and your

background in economics will make you a valuable recruit.

Management and marketing. Many economics majors filter into man-

agement and marketing positions with both commercial and non-

profit firms. Economics provides an understanding of the market

system and broader social context within which these firms operate.

Managing scarce resources is right up an economist's alley.

Government service. Next to business, some form of government ser-

vice is the most common employment for those with a B.A. in eco-

nomics. Almost every state and federal government agency needs

people with training in economics. For example, the Department of

Labor, the Department of Treasury, the Department of State and the

Department of Commerce hire thousands of economists. State and

federal regulatory commissions, the Federal Reserve System, and

the CIA are also major employers.

Data analysis. Numbers are the life-blood of every firm and govern-

ment agency. Decisions must be based on solid analysis, and

analysis requires data. Firms need data on prices, data on output,

data on costs, data on customers, and data on their competitors.

Government agencies need data on all aspects of the U.S. and world

economies. Because economics majors are trained to collect, ana-

lyze and interpret data of all types, they are in demand.

Economic journalism. Economists who can write for the general reader

are scarce. If you enjoy current events, you might consider work as

a business writer or editor for a daily newspaper, a free-lance writer

for magazines or trade publications, a television journalist special-

izing in economic affairs, or even a career in the growing field of

business journalism on the Internet.

Opportunities with a Bachelor's Degree in Economics

S earching for that first job can be frustrating, unless Uncle Harry is

holding open a position for you in his company. But help is avail-

able. Start with IUP's Career Services. They have the latest Career

Search software and a career library to identify potential employers.

They sponsor workshops on how to write résumés and

cover letters. They offer mock interviews to polish your

interpersonal skills and individual counseling to handle

specific issues. Check their web site at http://

www.iup.edu/career/students/ for details.

Talk with your professors, as well. They keep in touch with

alumni and might be able to identify contacts in the areas in

which you are interested. If nothing else, alumni are often

willing to talk with current students about what types of

opportunities are available in their fields and how to go

about finding them.

Internet sites are also of value. Many sites list available

employment opportunities. Do you want to join a firm in

telecommunications or transportation or pharmaceuticals?

Do a web search, find an industry trade association that

lists the sites of member firms and start browsing. Check

out the job listings. What is available? What types of peo-

ple and skills are the firms seeking? Government agencies,

both state and federal, list openings as well. Log onto the

web and search. And don't forget sites such as mon-

ster.com and flipdog.com that allow students to post their

résumés electronically. Our Department of Economics web

site includes a “career opportunities” link for job informa-

tion as well.

Career Services does offer some on-campus interviews, but

relatively few of you will be placed through them. Most of

you will rely on the old-fashioned approach of sending out

résumés and making phone calls.

Above all, be flexible. Graduates who insist on finding a job

in a particular location with a particular type of firm are of-

ten graduates who sit on the sidelines while their class-

mates grab the actual openings. Remember you are

unlikely to stay in your first job for long. Good performance

in a poor job often means the ability to find a much better

job in the very near future.

T he experiences of our own graduates

illustrate the broad range of employment

opportunities. A sampling of actual entry-level

positions obtained by recent graduates with

only an undergraduate degree includes:

Financial advisor, American Express

Annuities specialist, Prudential

Management trainee, Dietrich Industries

Purchasing agent, Gulf South Medical Supply

Human Resource Manager, Marriott

Database specialist, Management Science Asso-

ciates

Financial planner, GE Capital Corporation

Consultant, Quinn Consulting

Pension specialist, Employee Benefit Data Sys-

tems

Social science teacher, Frederick County, Mary-

land schools

Financial analyst, Vanguard

Research assistant, U.S. Bureau of the Census

Global Cash Trust Officer, Mellon Corporation

Price analyst, Airline Tariffs

Sales coordinator, Poly Hi Solidur, Inc.

Public relations writer, Indiana Regional Medical

Center

Insurance underwriter, Fireman's Fund Insur-

ance

Economist, Internal Revenue Service

Venture capital assistant, Castle Group

Sales director, Midland Angels (AA minor league

baseball team)

Marketing researcher, National Food Brokers

Association

Legislative assistant, Representative John

Murtha

Research associate, Reserve Bank of Philadel-

phia

Americorp, Utah

Financial Advisory Services, KPMG Slovensko

Spokesperson, Bureau of Labor Statistics

OCCUPATIONS OF IUP

ECONOMICS ALUMNI

FINDING A JOB

GRADUATE SCHOOL OPPORTUNITIES

S tudents completing an M.A. or Ph.D. in Economics find an even

richer variety of opportunities.

Teaching. Teaching in colleges and universities is a primary occupation

of economists with advanced degrees. Positions at four-year colleges

and graduate schools typically require a Ph.D.

Research. Teachers in most four-year colleges and all graduate schools

are also engaged in research. Indeed, research is often the primary

activity of graduate school faculty. Research interests are varied: from

pure theory to applied economics, from the discovery of something

new to the testing or synthesis of the already discovered, from indi-

vidual scholarship to research as a member of a team. Publication of

research is desirable because it subjects the ideas and findings to the

scrutiny of others. Research economists are employed outside of aca-

demia as well. Virtually every agency or department of the federal

government and many departments at the state level employ econo-

mists to study and evaluate the theoretical and practical effects of

past and prospective policies. Private corporations also employ

economists for market research and forecasting economics trends.

Administration. Economists both inside and outside academia fre-

quently find themselves transformed into administrators. Much ad-

ministration involves setting priorities and allocating scarce resources

among alternative goals. These require economic reasoning. Under-

standably, economists are often asked to be administrators. This is

particularly true in financial firms, but it also applies to other public

and private institutions.

Consulting. Economists are consultants to businesses, governments,

special interest groups, and public enterprises. Some economists as-

sociate with a consulting firm either on a full-time or a part-time ba-

sis. Other economists operate independently. Obviously, to be a suc-

cessful consultant and individual must have an in-depth knowledge of

a specialty field such as energy economics or pharmaceutical pricing

or demand forecasting. Personal and professional connections count

as well as knowledge. Economists with prestigious universities some-

times in effect sell the value of their affiliation in addition to the value

of their services.

Graduate programs in economics require a strong background in

mathematics and students are encouraged to take as many courses in

this area as possible. Indeed, our joint program in economics/

Opportunities with a Graduate Degree in Economics

Undergraduate preparation for graduate programs in economics

mathematics is your best preparation. Essential courses for students

entering a graduate program in economics include:

1. Calculus I (MATH 123)

Note: MATH 123 (Calculus I for Physics, Chemistry, and

Mathematics) is more rigorous than the MATH 115 (Applied

Mathematics for Business) or MATH 121 (Calculus I for Busi-

ness, Natural, and Social Sciences) courses which fulfill the

requirements for the B.A. in Economics.

2. Calculus II (MATH 124)

3. Introduction to Linear Algebra (MATH 171)

4. Probability and Statistics (MATH 214 or 216 or 217 or ECON

355)

5. Introduction to Econometrics (ECON 356)

Other courses that would be especially valuable include:

1. Differential Equations (MATH 241)

2. Mathematical Statistics I (MATH 363)

3. Mathematical Statistics II (MATH 364)

4. Linear Algebra (MATH 371)

First-year graduate students in economics invariably complain about the

heavy and rigorous mathematical demands placed upon them. Indeed,

introductory theory courses will seem more like courses in advanced

math than in economics. Be ready. Some schools will allow you to

make up a deficiency in math after enrolling, but this is often a poor

substitute. It is best to begin with your mathematical tools in place and

ready to use.

Building your general research skills is also a good plan. Graduate stu-

dents will be expected to engage in original research, make oral presen-

tations, and write scholarly papers. Writing-intensive classes will help

you develop some of these skills, but you should seek out undergradu-

ate research opportunities. Ask faculty members if they could use vol-

unteer research assistance. If you do complete a research project, ask if

there might be a conference at which you could present your results in a

professional setting. Potential graduate schools will be impressed. In

the past few years, several Econometrics students have presented their

class research projects at undergraduate sessions at the Midwest Eco-

nomic Association conferences in Cleveland and St. Louis and at the

Pennsylvania Economic Association conferences in Clarion, Williamsport,

Edinboro, West Chester, Moon Township, and Millersville. Students have

also participated in the Undergraduate Scholars Conference on IUP’s

campus.

Consult faculty. You should discuss your objectives with members of

the faculty. Different faculty members are familiar with different pro-

grams and graduate schools. A broad spectrum of opinion can help

you formulate soundly based objectives that are in accordance with

your interest.

Study alternatives. Different programs sometimes special-

ize in different areas. For example, one may be well

known for its international economics while another

may have an especially good program in public finance.

Most schools have information about their programs

on their department websites. Keyword searches in a

good search engine will help you find programs of par-

ticular interest. Peterson’s Guide (www.petersons.com)

is the authority on providing information on graduate

programs. You’ll also find information on acceptance

rates, GRE scores, GPAs, etc., of recent classes. US

News & World Report annually ranks top programs in

various fields. Also check gradschools.com, school-

guides.com as they may have relevant information.

Consider fellowship/funding opportunities. Most Ph.D.

graduate students in economics qualify for fellowships

or assistantships that cover tuition expenses and pay a

stipend. Because they carry no extra work require-

ments, students typically prefer fellowships if available.

However, teaching and research assistantships are

more common. A new teaching assistant typically be-

gins by grading papers and leading discussion groups

for a class taught by a professor. Advanced teaching

assistants might teach entire sections of a class by

themselves. Research assistants are assigned to help a

senior professor with research. Typical duties may in-

volve gathering and processing data and tracking down

articles and references.

Aim high. Aim for the best program to which you can be

admitted. Being a graduate of one of the more pres-

tigious programs can open doors and may in itself be

an important credential for your future employment.

Academic mobility is usually horizontal or downward,

not upward. Although ratings of programs are contro-

versial and subject to change, your advisor will be able

to direct you to one.

CALENDAR FOR GRADUATE

SCHOOL APPLICANTS

Students considering graduate school should

prepare early. The following timetable is a useful

guideline.

Sophomore and junior years: Start preparing

for possible graduate school admission

and choose your elective courses accord-

ingly. Investigate possible Graduate Re-

cord Exam (GRE) dates for the fall of your

senior year.

Early senior year: Review your goals and begin

serious talks with department faculty.

You will need approximately three letters

of recommendation from your professors

for your application. Look at The Guide to

Graduate Study in Economics and send for

more information from schools that inter-

est you. Register for and take the GRE –

most schools require GRE.

December, January, February of senior year:

Apply to several schools. It is advisable to

apply to a range of schools including at

least one program that you believe will

definitely admit you. There are often ear-

lier deadlines (usually January) for consid-

eration for financial assistance.

March, April: Await the results. If at all possi-

ble, personally visit the schools to which

you have been admitted. Talk to graduate

faculty and graduate students to try to

determine which program best fits you

and your goals.

Choosing a graduate program in economics

If you are interested in pursuing economics, but prefer to avoid the rig-

orous math associated with graduate programs in the field, consider a

related program instead. Graduate programs in business, public policy,

public administration, law, and industrial relations often allow you to

continue your economic interests with fewer mathematical demands.

We have already documented that economics majors score exceedingly

well on the LSAT. They also do quite well on the Graduate Management

Aptitude Test (GMAT) which is typically required by MBA programs. In

2001, the average GMAT score for economics majors was a 556 com-

pared to a 527 for all majors. While economics ma-

jors did not score as well as those majoring in math,

physics or engineering, they scored significantly

above students with undergraduate majors in busi-

ness (with scores ranging from 530 for finance ma-

jors to 477 for marketing majors). [See Graduate

Management Admission Council, Profile of GMAT

Candidates, 1996-1997 to 2000-2001, table 7, pp.

29-32.]

IUP graduates have completed graduate degrees in such

diverse areas as economics, law, labor relations, statis-

tics, public administration, business, political science,

mathematics, demography, international affairs, infor-

mation systems, ecology, veterinary medicine, physical

therapy, and divinity. A partial listing of the graduate

schools from which they earned degrees includes:

Boston University

Carnegie-Mellon University

Case Western School of Law

Cornell University

Duke University

Fordham University

George Washington University

University of Georgia

Harvard University

University of Illinois

Indiana University (Bloomington)

IUP

London School of Economics

Louisiana State University

New York University

The Ohio State University

University of Pennsylvania

Penn State University

University of Pittsburgh

Purdue University

Syracuse University

University of Vermont

Villanova University

GRADUATE PROGRAMS

COMPLETED BY IUP ALUMNI

Other graduate study opportunities

W hether you are planning to enter the workforce or pursue a

graduate degree upon graduation, you should avail yourself of

current opportunities to explore economics.

Economics majors at IUP enjoy many opportunities for research, study

abroad, and student-faculty interaction. Take advantage of them.

Getting to know your advisor is a good first step. Advising is an impor-

tant part of a faculty member's job. Use your advisor. Meet with him/

her on a regular basis to make sure you are taking the proper courses in

the proper sequence. Discuss ideas for free electives and minors.

Brainstorm about potential careers and how you might best prepare for

them.

Scholarly research is an important component of undergraduate and

graduate education. For the student looking to pursue graduate study,

showing the ability to do research can be a highlight of an application

for admission to a graduate program. For those who wish to work on

research projects as a vocation, undergraduate research can be a very

strategic component to your resume. The Department of Economics

provides myriad opportunities for students to develop and execute their

own research projects. The econometrics course (ECON 356) is notori-

ously practical for the budding researcher. Students can also develop

research projects as a component of coursework in courses such as In-

ternational Finance (ECON 346), Monetary Economics (ECON 325), and

Macroeconomic Analysis (ECON 421). Recent accomplishments include

presentations at academic conferences across the country and publica-

tions in conference proceedings and refereed academic journals.

Opportunities vary by course and term; however, opportunities abound

and the savvy student should take advantage. Your advisor will be of

important assistance in finding courses with a research component as

well as helping you sell these opportunities on your resume or graduate

school application. For a list of recent student research projects set

your browser to http://www.chss.iup.edu/economics/

student_presentations.asp.

The club meets several times each semester, and its meetings and pro-

grams are open to all. In recent years, club activities have included

travel to a top-notch lecture series at St. Vincent College; trips to New

York City to tour the New York Stock Exchange and to Washington, DC,

TAKING ADVANTAGE OF YOUR CURRENT

OPPORTUNITIES

Get to know your advisor

Undergraduate research

Join the Economics Club

to tour the Federal Reserve Bank, Federal Energy Regulatory Commis-

sion, and the Bureau of Labor Statistics; and travel to regional econom-

ics conferences. Other activities have included internship night, Excel

night, and on-campus seminars given by department alumni now work-

ing in banking, business, and government. Get to know other econom-

ics students and interact with faculty on an informal basis.

Remember that both employment and graduate school applications will

ask for references and/or letters of recommendation. Give faculty

members something to write about. The greater your involvement in IUP

life, and the greater your interaction with faculty, the better those rec-

ommendations will sound.

The Department of Economics Library (across the hall from the depart-

ment office) is available to economics majors for study during the day.

Need a quiet place to study between classes or to review before a test?

Try the library. Want to leisurely thumb through some professional

journals – or even check

some out? Try the library.

(See our department sec-

retary for signing out

books and journals) Want

to track down some data

on the web or work on

that research paper? Try

the library. It also con-

tains two computers and

a laser printer available

for your use.

All IUP students have the following options to study abroad or go on an

exchange:

• Summer Programs

• ISEP - International Student Exchange Program

• NSE - National Student Exchange Program

• PASSHE - Pennsylvania State System of Higher Education (study

abroad through PA state schools)

• Independent Study

Academic credit can be earned and applied toward your required

coursework at IUP and the Department of Economics. Students inter-

ested in IUP’s study abroad programs should read the IUP Study Abroad

Catalog available from the Office of International Affairs or http://

www.iup.edu/international/abroad/.

Department Library

Study Abroad

FAQ

T he following section will answer many questions that may arise.

However, a handbook cannot substitute for a good face-to-face

discussion with a knowledgeable faculty member or academic advisor.

The information below is university, college, and department policy at

the time of the publishing of this handbook. Policies are subject to

change.

Complete versions of all academic policies can be found in the Under-

graduate Catalogue and on the URSA web site at http://www.iup.edu/

ursa/.

When you enter the department you will be assigned an advisor who is

here to assist you with your undergraduate education. He/she can an-

swer any questions you may have and will assist you in the registration

process each semester.

Although your advisor is your official point person for academic mat-

ters, feel free to talk with other faculty members as well. Different fac-

ulty members often can offer different ideas and different perspectives.

Diverse opinions can be good!

Economics majors have taken a wide variety of internships. Some have

been part-time positions with local employers while others have been

full-time positions in Indiana or more distant areas such as Pittsburgh,

Washington DC or Philadelphia. Some internships are arranged by the

department, but most are arranged by students, subject to department

approval.

In addition to their job-related work, interns are required to complete

academic assignments (e.g. readings and research papers) relating to

their internship under the guidance of a faculty supervisor. Depending

upon the amount of work involved, a student may earn up to 12 credits

through internships. However, a maximum of six credits may be ap-

plied to the 34 credits in economics required for the major.

To be eligible for an internship, you must be a junior or senior majoring

in economics. You must have passed at least 12 credits in economics

with a 2.50 GPA both in economics and overall. Details on application

procedures for department-sponsored internships are announced peri-

odically as they are available. Students wishing to arrange their own

internship should speak with the Department Chairperson. The Depart-

ment Curriculum Committee determines the appropriateness of pro-

How do I obtain an aca-demic advisor?

How do I set up an internship?

posed internships, judges applications, and determines the number of

credits to be awarded.

Absolutely! IUP offers a variety of exchange programs both within the

United States and in other countries. The IUP Office of International Af-

fairs can give you specific information about both foreign and domestic

exchange opportunities. Past economics majors have spent semesters

abroad in Spain, Germany, France, England, Costa Rica and Hungary.

They also have done U.S. exchanges at universities in Hawaii, New Mex-

ico and Florida.

If you are interested in taking summer classes at a community college

near your home, you can arrange that as well. Get a copy of the course

catalog and summer schedule of the school in which you are interested.

Choose the courses you want and pick up an Application for Pre-

Approval of Coursework at Another College/University (available at

Transfer Evaluation Services, 117 Sutton Hall) prior to taking the course.

Courses taken without prior approval are taken at the risk of the stu-

dent. Without prior approval IUP may choose not to accept or transfer

such credit. Only the credits for courses in which you receive a grade of

A, B, or C will transfer. Because the grades earned at other schools do

not transfer, such courses will not impact your GPA at IUP. If the

courses being taken are among your last 30 credits, the courses must

be taken at IUP unless the IUP residency requirement is waived by the

college dean.

Yes. We offer limited opportunities to students for independent studies.

All inquiries are directed to the chair of the Department of Economics. If

the course of study is feasible, you will be directed to a faculty member

to develop a proposal for approval. The faculty member will supervise

and evaluate your course of study.

We cannot offer every course on a regular basis. If a course that inter-

ests you is not scheduled, check with your advisor and the department

chairperson. If enough students register their interest, we can insert the

course into an upcoming semester schedule. Even if the course is not

likely to be offered before you graduate, you may be able to take it on

an individualized instruction basis. In this case a faculty member will

direct you with individualized readings and discussions of the material

that would normally be covered in the class.

You may withdraw from an individual course at any time during the first

two-thirds of the semester. Exceptions to this deadline can only be

Can I do independent work?

What if I want to take a course that is not currently being offered?

What if I want to withdraw from a course?

Can I take classes at other universities?

made with documentation of exceptional events of a catastrophic nature

that could not have been anticipated.

You must process your own course withdrawals through the Banner on-

line registration system. Your transcript will show a grade of "W" for the

course.

Although the withdrawal decision is yours, please talk with your advisor

and instructor first. Perhaps you are not doing as badly as you think.

Perhaps there are other options you have not considered.

Yes. You may take up to 15 credits of pass/fail courses during your IUP

career. You are limited to one pass/fail course in any given semester

during your sophomore, junior, and senior years. Since the pass/fail

option is intended to permit a student to experiment with courses out-

side his/her own program areas, you may not take any course in your

major or minor or in your Liberal Studies program on a pass/fail basis.

If you wish to take a course on a pass/fail basis, you must fill out a re-

quest form (available in department offices) during the first six weeks of

the semester.

These things do happen as result of injury, illness, or personal emer-

gencies. The first step is to speak with your advisor and your profes-

sors and let them know what is happening. They will guide you through

your choices. The typical options are:

1. If you are unable to complete coursework due to illness or other

unavoidable reasons, you may be assigned a grade of incomplete or

"I" in one or more courses. You will then have until the last day of

classes in the next regular semester to complete whatever work

your professor assigns. When the work is completed, the professor

will submit the appropriate grade to replace the "I" on your tran-

script. While taking an incomplete is often an attractive option, be

careful about taking several at one time. The burden of making up

past work while trying to keep up with new classes in a semester

can be unexpectedly difficult. Note that the incomplete option is

available only in the case of illness or other unavoidable reasons. It

is not available to students who simply procrastinated or want extra

time.

2. If you are unable to catch up with every course, you may want to

withdraw from one or more and concentrate on the remaining ones

(see course withdrawal instructions above). It is often better to do

well in three classes than to do poorly in five. The "W" grades do

What should I do if I am forced to miss a significant part of the semester?

May I take a class on pass/fail basis?

not affect your academic standing. But, if you are dependent upon

financial aid, be careful not to fall below the "percent of progress"

standards. You must pass at least 75 percent of all registered cred-

its to maintain financial aid eligibility.

3. If your academic hole is too deep to dig out of during the semester,

you can take a total university withdrawal. Your transcript will show

a designation of "Q" for every registered course. Total university

withdrawals may be made up until the end of the semester and are

processed through the Office of Advising and Testing in Pratt Hall.

If you withdraw early in the semester you may qualify for a partial

refund of your tuition. Students withdrawing must apply for read-

mission before returning to IUP.

Students are allowed to retake any course in which they received a grade

of "D" or "F." You are allowed to choose the "repeat with replacement"

option for up to six courses. Under this option, the new grade earned

replaces the old grade in all GPA calculations. Thus, if you earn an "F"

the first time through, but repeat the course and earn a "B," all subse-

quent GPA calculations will use the "B" and ignore the "F." The original

"F," however, will still appear on your transcript. To choose this option

you must complete a D/F Repeat Form available in any department of-

fice.

If you do not complete a D/F Repeat Form, you will be choosing the

"repeat with averaging" option in which the new grade is averaged with

the old grade in GPA calculations. In this case the new grade will have

less of an impact on your GPA. There is no limit on the number of

"repeat with averaging" courses.

If you fail a course at IUP, you may repeat it at another university

(perhaps at a community college in the summer). However, grades do

not transfer. Even if you earn an "A" at the other institution, your IUP

GPA will continue to reflect the original "F."

Very carefully. If you receive a lower grade than you expect, the first

step is always to contact the instructor. Perhaps you did not perform as

well as you expected on the final exam. Perhaps you misunderstood the

grading scale. Perhaps the instructor made a clerical error. If, after

talking with the instructor, you are convinced that you earned a higher

grade, the next step is to talk with the chairperson of the department in

which you took the course. If talking with the chairperson does not re-

solve the situation, you may file a formal grade appeal as outlined in the

IUP Undergraduate Catalogue.

Appeals can only be made in the cases of a clerical error that the in-

How do I appeal a grade?

How do I go about repeating a course?

structor is unwilling to correct, capricious behavior on the part of the

instructor (for example, the instructor arbitrarily changing the grading

procedures listed in the course syllabus), or discrimination. Note, dis-

agreement with the instructor's subjective evaluation of your work is not

grounds for appeal. Your appeal will be read by a tripartite committee

with faculty, student and administrative representatives. If that com-

mittee feels your case has merit, the case will be heard by a faculty

committee.

Students need a 2.00 GPA to remain in academic good standing. If you

fall below the 2.00 standard you will be placed on academic probation

for one semester and will be asked to develop an Academic Recovery

Plan (ARP). This ARP will identify the reasons for your poor academic

performance and outline the specific steps you plan to take to regain

academic good standing.

If you remain below a 2.00 GPA after a semester of probation but fol-

lowed an approved ARP and have made some progress toward the 2.00

GPA, you will be eligible for a semester of extended probation. How-

ever, if you do not reach the 2.00 standard after a semester on proba-

tion and have not followed an ARP or not made progress, you will be

dismissed for a minimum of one full academic year (including summer).

Readmission will be contingent on convincing your Academic Standards

Officer (normally your Associate Dean) of your probable academic suc-

cess. (See Academic Standards Policy in the IUP Undergraduate Catalog

2005-06, p. 32).

Students on probation are also encouraged to find a volunteer mentor

who will meet with them on a periodic basis and help them get back on

track. A faculty member with whom you have established a good rela-

tionship might be a good choice for a mentor.

It is easy. No graphs are required. Just pick up an Application for a

Change of Major from the department secretary and fill it out. Return

the form and smile broadly. We will be happy to have you.

How do I officially change my major to this exciting field of economics?

What if I get into academic difficulty?

COURSE OFFERINGS

ECON 101 Basic EconomicsECON 101 Basic EconomicsECON 101 Basic EconomicsECON 101 Basic Economics

Scarcity, role of prices in determining production and the allocation of resources,

business cycle analysis, policy options for reducing unemployment and inflation,

economic role of government, international trade, and selected current economic

problems are studied. For those who do not plan to take more than 3cr of eco-

nomics. Note: May not be taken after successful completion of or concurrent

registration in any other ECON course.

ECON 121 Principles of MacroeconomicsECON 121 Principles of MacroeconomicsECON 121 Principles of MacroeconomicsECON 121 Principles of Macroeconomics

Nature and methodology of economics; mixed capitalism and market economy;

national income; employment theory, including economics of fiscal policy;

money, banking, and Federal Reserve System; international trade and finance.

ECON 122 Principles of MicroeconomicsECON 122 Principles of MicroeconomicsECON 122 Principles of MicroeconomicsECON 122 Principles of Microeconomics

Economics of the firm; theory of consumer demand; determination of price and

output in different market structures; distribution of income; economic growth.

ECON 223 Economics of CrimeECON 223 Economics of CrimeECON 223 Economics of CrimeECON 223 Economics of Crime

Economic analysis of criminal activity and its impact on the allocation of scarce

resources. Uses fundamental economic models to explain crimes against people,

property crime, “victimless crime,” and organized crime.

ECON 239 Economics of SportsECON 239 Economics of SportsECON 239 Economics of SportsECON 239 Economics of Sports

Student gains a better understanding of the sports industry. Course explores how

economics applies to both amateur and professional sports. Addresses a variety

of areas, including labor issues in sports (e.g., free agency, reserve clause, un-

ions, strikes, and discrimination), the legal relationship between sports and gov-

ernment (e.g., Title IX and antitrust law), and public finance issues (e.g., location

of sports franchises and public ownership of stadiums and arenas). Guest speak-

ers and a multimedia approach are used.

ECON 281 Special TopicsECON 281 Special TopicsECON 281 Special TopicsECON 281 Special Topics

Prerequisite: Prerequisite: Prerequisite: Prerequisite: As appropriate to course content

Offered on an experimental or temporary basis to explore topics not included in

the established curriculum. A given topic may be offered under any special topic

identity no more than three times. Special topics numbered 281 are offered pri-

marily for lower-level undergraduate students.

ECON 325 Monetary Economics IECON 325 Monetary Economics IECON 325 Monetary Economics IECON 325 Monetary Economics I

Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121, 122

Organization, operation, and economic significance of U.S. monetary institutions;

commercial banks and Federal Reserve System; survey of monetary theory and

policy; mechanism of international payments.

ECON 326 Monetary Economics IIECON 326 Monetary Economics IIECON 326 Monetary Economics IIECON 326 Monetary Economics II

Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 325or instructor permission

A detailed study of monetary theory; tasks of central banking; principal objec-

tives of monetary policy; intensive study of recent monetary experience; comple-

The following courses are offered by the Department of Economics. Not all courses are offered each semester.

mentary and competing aims of monetary and fiscal policy.

ECON 330 Labor EconomicsECON 330 Labor EconomicsECON 330 Labor EconomicsECON 330 Labor Economics


History, structure, and operation of trade unions and employer organizations;

major federal labor legislation; collective bargaining theory; wage determination;

current labor problems.

ECON 331 Industrial OrganizationECON 331 Industrial OrganizationECON 331 Industrial OrganizationECON 331 Industrial Organization

Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 122 or instructor permission

Social effectiveness of industries analyzed through measures of market structure,

market conduct, and market performance.

ECON 332 Government and BusinessECON 332 Government and BusinessECON 332 Government and BusinessECON 332 Government and Business


An analysis of the antitrust laws focusing on the maintenance of competition, the

prohibition of unfair business conduct, and the achievement of desirable eco-

nomic performance.

ECON 333 Regulation of IndustryECON 333 Regulation of IndustryECON 333 Regulation of IndustryECON 333 Regulation of Industry

Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121, 122 or instructor permission

Examines the theory and practice of regulation, emphasizing effects of regulation

on economic performance and efficiency in the U.S.

ECON 334 Managerial EconomicsECON 334 Managerial EconomicsECON 334 Managerial EconomicsECON 334 Managerial Economics

Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121, 122, MATH 121 or equivalent

Applications of economic theory using algebra, elementary statistics, and calcu-

lus to solve managerial optimization problems including problems of forecasting

and risk.

ECON 335 Public FinanceECON 335 Public FinanceECON 335 Public FinanceECON 335 Public Finance


Taxation and expenditure theory at the federal level; federal budget and debt

considerations; public sector impact upon economy.

ECON 336 State and Local FinanceECON 336 State and Local FinanceECON 336 State and Local FinanceECON 336 State and Local Finance


An analysis of character and impact of state and local government revenue

sources, expenditures, and fiscal systems; intergovernmental fiscal relations.

ECON 339 Economic Development IECON 339 Economic Development IECON 339 Economic Development IECON 339 Economic Development I


Theory of growth; theory of economic development of underdeveloped countries.

ECON 343 Economic History of the United StatesECON 343 Economic History of the United StatesECON 343 Economic History of the United StatesECON 343 Economic History of the United States

Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 101 or 121or 122

Applications of economic theory and models of economic development to the

main patterns of U.S. postrevolutionary growth; emphasizes the history of eco-

nomic development as a laboratory for testing economic hypotheses.

ECON 345 International TradeECON 345 International TradeECON 345 International TradeECON 345 International Trade

Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121 and 122 or instructor permission

A study of the microeconomic segment of international specialization and ex-

change, including theories of international trade and their application to com-

mercial policies, historical survey and examination of current problems of inter-

national trade, and the institutional setting of international trade.

ECON 346 International FinanceECON 346 International FinanceECON 346 International FinanceECON 346 International Finance

Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121 and 122 or instructor permission

A study of the macroeconomic segment of international specialization and ex-

change, including analysis of balance of payments, exchange rates, and the

mechanism of international economic and monetary adjustments; international

macroeconomic policy; historical survey and examination of current international

financial problems; and the institutional setting of international payments.

ECON 350 Comparative Economic SystemsECON 350 Comparative Economic SystemsECON 350 Comparative Economic SystemsECON 350 Comparative Economic Systems


An evaluation of premises, practices, institutions, and performance of capitalist,

socialist, and mixed economies using economic theory and measurement.

ECON 351 Russian Economic DevelopmentECON 351 Russian Economic DevelopmentECON 351 Russian Economic DevelopmentECON 351 Russian Economic Development


A study of the theory, institutions, and performance of the Russian economy in-

cluding comparison of present and past patterns of economic development.

ECON 355 Statistics for EconomistsECON 355 Statistics for EconomistsECON 355 Statistics for EconomistsECON 355 Statistics for Economists

Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 121 or 122 or instructor permission

An introduction to economic statistics, including frequency distributions, prob-

ability, distributions of random variables, functions of random variables, and

tests of economic hypotheses.

ECON 356 Introduction to EconometricsECON 356 Introduction to EconometricsECON 356 Introduction to EconometricsECON 356 Introduction to Econometrics

Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 355 or its equivalent or instructor permission

An introduction to econometrics, including linear normal regression models of

two or more random variables, special econometric problems, and solutions of

simultaneous equations.

ECON 360 Economics of Health ServicesECON 360 Economics of Health ServicesECON 360 Economics of Health ServicesECON 360 Economics of Health Services

Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 121 or 122 or instructor permission

An analysis of the allocation of resources in the health sector using demand and

supply techniques. Pricing and output decisions by physicians, hospitals, and

other health agencies are considered along with other current policy issues.

ECON 361 Environmental EconomicsECON 361 Environmental EconomicsECON 361 Environmental EconomicsECON 361 Environmental Economics

Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 121 or 122

An examination of economic costs and benefits of environmental control and

modification. Techniques of economic analysis are used to understand economic

aspects of environmental problems and contribute toward their solution. (Offered

as ECON 283 prior to 2003-04)

ECON 369 Contemporary Economic IssuesECON 369 Contemporary Economic IssuesECON 369 Contemporary Economic IssuesECON 369 Contemporary Economic Issues


A rigorous but nontechnical analysis of a variety of economic problems and a

formulation and evaluation of possible corrective policies. (Offered as ECON 241

A rigorous but nontechnical analysis of a variety of economic problems and a

formulation and evaluation of possible corrective policies. (Offered as ECON 241

prior to 2003-04)

ECON 371 Economics of Labor LegislationECON 371 Economics of Labor LegislationECON 371 Economics of Labor LegislationECON 371 Economics of Labor Legislation


Economic background and effects of governmental regulation of labor relations,

emphasizing a detailed examination of National Labor Relations Act as amended.

ECON 372 Economics of Wages and EmploymentECON 372 Economics of Wages and EmploymentECON 372 Economics of Wages and EmploymentECON 372 Economics of Wages and Employment


An analysis of wages and employment under various market structures. Also,

analysis of the impact of labor market forces on wages, prices, and distributive

shares.

ECON 373 Economics of Human ResourcesECON 373 Economics of Human ResourcesECON 373 Economics of Human ResourcesECON 373 Economics of Human Resources


An inquiry into economic demographics and related factors affecting growth,

structure, and distribution of an economy’s labor force into different occupa-

tions.

ECON 383 Urban/Regional EconomicsECON 383 Urban/Regional EconomicsECON 383 Urban/Regional EconomicsECON 383 Urban/Regional Economics

Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121 and 122

Location theory, land use patterns, urban economic/regional growth change, and

urban economic problems and policies.

ECON 421 Macroeconomic AnalysisECON 421 Macroeconomic AnalysisECON 421 Macroeconomic AnalysisECON 421 Macroeconomic Analysis


Emphasizes aggregate income levels and problems of unemployment, inflation,

and growth. Covers consumption and investment theories and the role of fiscal

and monetary policy.

ECON 422 Microeconomic AnalysisECON 422 Microeconomic AnalysisECON 422 Microeconomic AnalysisECON 422 Microeconomic Analysis

Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121, 122, MATH 121 or equivalent

Consumer behavior, theory of the firm, theory of exchange, market structures,

distribution, general equilibrium theory, welfare economics.

ECON 480 SeminarECON 480 SeminarECON 480 SeminarECON 480 Seminar

Prerequisite: Prerequisite: Prerequisite: Prerequisite: Instructor permission

A seminar in selected economic issues or problems.

ECON 481 Special TopicsECON 481 Special TopicsECON 481 Special TopicsECON 481 Special Topics

Prerequisite: Prerequisite: Prerequisite: Prerequisite: Instructor permission

Offered on an experimental or temporary basis to explore topics not included in

the established curriculum. A given topic may be offered under any special topic

identity no more than three times. Special topics numbered 481 are primarily for

upper-level undergraduate students.

ECON 482 Independent StudyECON 482 Independent StudyECON 482 Independent StudyECON 482 Independent Study

Prerequisite: Prerequisite: Prerequisite: Prerequisite: Prior approval through advisor, faculty member, department chair-

person, dean, and Provost’s Office

Students with interest in independent study of a topic not offered in the curricu-

lum may propose a plan of study in conjunction with a faculty member. Approval

is based on academic appropriateness and availability of resources.

ECON 483 Honors ThesisECON 483 Honors ThesisECON 483 Honors ThesisECON 483 Honors Thesis

Prerequisites: Prerequisites: Prerequisites: Prerequisites: Admission to departmental honors program; prior approval

through advisor, faculty member, department chairperson, dean, and Provost’s

Office

An intensive, focused study involving independent research culminating in a

written thesis approved by a thesis director and two faculty readers/committee

members. May be taken more than once to a maximum of 6cr.

ECON 493 Internship in EconomicsECON 493 Internship in EconomicsECON 493 Internship in EconomicsECON 493 Internship in Economics

Prerequisites: Prerequisites: Prerequisites: Prerequisites: Economics major who has completed at least 12cr in ECON and

who has at least a 2.5 GPA in the major and in all coursework

Provides on-the-job experience in economics positions with private and govern-

mental employers. The student is also required to complete related academic

work in the form of papers and selected readings. Number of credits earned de-

pends upon the nature of the job and amount of time involved in internship. A

maximum of 6cr earned in this course may be counted toward the 30cr in eco-

nomics requirement for ECON majors.

APPENDICES:

CURRICULUM CHECKLISTS AND COURSE MAPPING

SHEETS

Appendix A: Curriculum Checklist for Economics Major

Appendix B: Curriculum Checklist for Economics/Pre-Law Major

Appendix C: Curriculum Checklist for Mathematics/Economics Major

APPENDIX A

CURRICULUM CHECKLIST: ECONOMICS MAJORS

All IUP students must pass at least 120 credit hours (cr) with a minimum 2.0 grade-point average to graduate.

Courses fall within three groups: the economics major, liberal studies, and free electives.

ECONOMICS MAJOR REQUIREMENTS

Required courses in the major (19 cr):

ECON 121 Principles of Macroeconomics _____ (is also liberal studies social science)

ECON 122 Principles of Microeconomics _____

ECON 355 Statistics for Economists* _____

ECON 421 Macroeconomic Analysis _____

ECON 422 Microeconomic Analysis _____

MATH 121 Calculus I for Natural _____ (is also liberal studies math or elective course)

and Social Sciences (4 cr)**

*MATH 214, MATH 216, MATH 217 or MATH 363 may be substituted for ECON 355.

**MATH 115 or the more rigorous MATH 123 may be substituted.

Writing-intensive economics course (3 cr):

Every student must complete at least one writing-intensive course in his/her major. Writing-intensive

courses are denoted by a "W" in the Schedule of Classes each semester.

ECON ____ __________________________ ____

Economics controlled electives (12+ cr): *No more than two ECON controlled electives may be 200-level

courses.

Students must complete at least twelve additional cr of upper-level electives in economics.

ECON ____ ________________________ _____

ECON ____ ________________________ _____

ECON ____ ________________________ _____

ECON ____ ________________________ _____

ECON ____ ________________________ _____

ECON ____ ________________________ _____

Foreign language:

All students in the College of Humanities and Social Sciences (except international students whose native

language is not English) must complete the intermediate level of a foreign language. The requirement can

be fulfilled by passing any of the following:

FRNC 202 College French II (3 cr) _____

GRMN 252 German IV (3 cr) _____

ITAL 202 Intermediate Italian IV (3 cr) _____

LATN 201 Intermediate Latin (4 cr)* _____

SPAN 201 Intermediate Spanish (4 cr) _____

Intermediate level of any critical language _____ *Effective Fall 2002, Latin is no longer offered.

LIBERAL STUDIES REQUIREMENTS: ECONOMICS MAJORS

A complete listing of all courses fulfilling requirements is printed each semester in the Schedule of

Classes.

Learning skills:

ENGL 101 College Writing (4 cr) _____

ENGL 202 Research Writing (3 cr) _____

MATH 121 (4 cr) _____________________________ _____

Knowledge areas:

HIST 195 History, The Modern Era (3 cr) _____

Philosophy/Religious Studies (3 cr) _______________ _____

Literature (3 cr) _________________________________ _____

Fine Arts (3 cr) _________________________________ _____

Lab Science I (4 cr) _____________________________ _____

Lab Science II (4 cr) or non-lab science (3 cr): _____

(If non-lab option is used, a 2nd non-lab science must be taken as an LS elective.)

Social Sciences (9 cr – three courses from different departments):

ECON 121 Principles of Macroeconomics _____

Social Science #2 _________________________ _____

Social Science #3 _________________________ _____

Health and Wellness (any of the following three options):

HPED 143 Health and Wellness (3 cr) or _____

FDNT 143 Nutrition and Wellness (3 cr) or _____

MLSC 101 and 102 Military Science (4 cr) _____

NURS 143 Healthy People _____

Synthesis:

LBST 499 (3 cr) _________________________________ _____

Liberal studies electives (9 cr):

At least one course must be 200-level or higher. Courses with an ECON prefix do not count.

Some courses needed to fulfill the College language requirement may be used.

LS elective #1 _________________________________ _____

LS elective #2 _________________________________ _____

LS elective #3 _________________________________ _____

Non-Western culture:

At least one non-western course (coded as NW in the Schedule of Classes) must be taken. Any

non-western course taken to fulfill another requirement will count here as well.

Non-Western Culture (3 cr) ______________________ _____

Writing-intensive courses:

Two courses are required. At least one must be an ECON course (and also counts toward the ma-

jor). Writing-intensive courses are coded with a "W" in the Schedule of Classes.

ECON Writing-Intensive Course ______________________ _____

Writing-Intensive Course #2 _______________________ _____

APPENDIX B

CURRICULUM CHECKLIST: ECONOMICS PRE-LAW MAJORS


Courses fall within three groups: the economics major, liberal studies, and free electives.

ECONOMICS PRE-LAW MAJOR REQUIREMENTS

Required courses in the major (19 cr):



ECON 355 Statistics for Economists* _____



MATH 121 Calculus I for Natural _____ (is also liberal studies math or elective course)

and Social Sciences (4 cr)**

*MATH 214, MATH 216, MATH 217 or MATH 363 may be substituted for ECON 355.

**MATH 115 or the more rigorous MATH 123 may be substituted.

Writing-intensive economics course (3 cr):

Every student must complete at least one writing-intensive course in his/her major. Writing-intensive courses

are denoted by a "W" in the Schedule of Classes each semester.

ECON ____ ________________________ ______

Economics controlled electives (9+ cr): *No more than one ECON controlled elective may be a 200-level course.

Students must complete at least eight additional cr of upper-level electives in economics.

ECON ____ ________________________ ______

ECON ____ ________________________ ______

ECON ____ ________________________ ______

ECON ____ ________________________ ______

ECON ____ ________________________ ______

Foreign language:

All students in the College of Humanities and Social Sciences (except international students whose native

language is not English) must complete the intermediate level of a foreign language. The requirement can be

fulfilled by passing any of the following:

FRNC 202 College French II (3 cr) ______ LATN 201 Intermediate Latin (4 cr)* ______

GRMN 252 German IV (3 cr) ______ SPAN 201 Intermediate Spanish (4 cr) _______

ITAL 202 Intermediate Italian IV (3 cr) ______ Intermediate level of any critical language _______ *Effective Fall 2002, Latin is no longer offered.

Pre-law requirements (21 cr):

Pre‑Law Business course (ACCT 201, ACCT 202 or BLAW 235) ______

Pre‑Law Criminology course (CRIM 210, CRIM 215 or CRIM 255) ______

Pre‑Law English course (ENGL 213, ENGL 220 or ENGL 310) ______

Pre‑Law History course (HIST 320, HIST 321 or HIST 346) ______

Pre‑Law Philosophy course (PHIL 101, PHIL 222 or PHIL 450) ______

Pre‑Law Political Science (PLSC 358, PLSC 359 or PLSC 361) ______

Second pre‑law course from one of the above areas: ______

LIBERAL STUDIES REQUIREMENTS: ECONOMICS PRE-LAW MAJORS

A complete listing of all courses fulfilling requirements is printed each semester in the Schedule of Classes.

Learning skills:

ENGL 101 College Writing (4 cr) _____


MATH 121 (4 cr) _____________________________ _____

Knowledge areas:


Philosophy/Religious Studies (3 cr) _________________ _____

Literature (3 cr) _________________________________ _____

Fine Arts (3 cr) _________________________________ _____

Lab Science I (4 cr) ______________________________ _____

Lab Science II (4 cr) or non-ab science (3 cr): _____



ECON 121, Principles of Macroeconomics _____

Social Science #2 _________________________ _____

Social Science #3 _________________________ _____






Synthesis:

LBST 499 (3 cr) _________________________________ _____


At least one course must be 200-level or higher. Courses with an ECON prefix do not count. Some

courses needed to fulfill the College language requirement may be used.

LS elective #1 _________________________________ _____

LS elective #2 _________________________________ _____

LS elective #3 _________________________________ _____


At least one non-western course (coded as NW in the Schedule of Classes) must be taken. Any non-

western course taken to fulfill another requirement will count here as well.



Two courses are required. At least one must be an ECON course (and also counts toward the major).

Writing-intensive courses are coded with a "W" in the Schedule of Classes.

ECON Writing-Intensive Course ______________________ _____

Writing-Intensive Course #2 ______________________ _____

APPENDIX C

CURRICULUM CHECKLIST: MATHEMATICS/ECONOMICS MAJORS


Courses fall within three groups: the mathematics/economics major, liberal studies, and free electives.

MATHEMATICS/ECONOMICS MAJOR REQUIREMENTS:

Required courses in the major (26-27 cr):





MATH 123 Calculus I (4 cr) _____ (is also liberal studies math course)

MATH 124 Calculus II (4 cr) _____

MATH 171 Introduction to Linear Algebra _____

MATH 216 (4 cr) or ECON 355 (3 cr) _____

Writing-intensive mathematics/economics course (3 cr):

Every student must complete at least one writing-intensive course in his/her major.

ECON or MATH ____ ________________ _____

Economics controlled electives (12 cr): *No more than one ECON controlled elective may be a 200-level course.

Students are especially encouraged to take ECON 334 and ECON 356, however any other ECON courses

except ECON 101 may be used. With approval, ECON 493 may be used for up to six cr.

ECON ____ ________________________ _____

ECON ____ ________________________ _____

ECON ____ ________________________ _____

ECON ____ ________________________ _____

Mathematics controlled electives (15-16 cr):

Students must complete at least one of the following two-semester sequences:

MATH 241 Differential Equations _____ and MATH 371 Linear Algebra _____

MATH 363 Mathematical Statistics I _____ and MATH 364 Mathematical Statistics II _____

MATH 445 Programming Models in OR _____ and MATH 446 Probabilistic Models in OR _____

Three other courses must be taken from the above or from MATH 271, MATH 272, MATH 342, MATH

417 or MATH 418, MATH 421, MATH 422, MATH 423, MATH 425, MATH 427, MATH 451, MATH

465, MATH 476, MATH 477.

MATH ____ ____________________________ _____

MATH ____ ____________________________ _____

MATH ____ ____________________________ _____

Foreign language:

Students (except international students whose native language is not English) must complete the intermedi-

ate level of a foreign language.

FRNC, GRMN, ITAL, LATN*, SPAN or CRLG _____ ______________________ _____ *Effective Fall 2002, Latin is no longer offered.

LIBERAL STUDIES REQUIREMENTS: MATHEMATICS/ECONOMICS

A complete listing of all courses fulfilling requirements is printed each semester in the Schedule of Classes.

Learning skills:

ENGL101 College Writing (4 cr) _____


MATH 123 Calculus I (4 cr) _____

Knowledge areas:


Philosophy/Religious Studies (3 cr) _______________ _____

Literature (3 cr) _________________________________ _____

Fine Arts (3 cr) _________________________________ _____

Lab Science I (4 cr) _____________________________ _____

Lab Science II (4 cr) or non-lab science (3 cr): _____



ECON 121, Principles of Macroeconomics _____

Social Science #2 _________________________ _____

Social Science #3 _________________________ _____






Synthesis:

LBST 499 (3 cr) _________________________________ _____


At least one course must be 200-level or higher. Courses with an ECON or MATH prefix do not count.

Some courses needed to fulfill the foreign language requirement may be used.

LS elective #1 _________________________________ _____

LS elective #2 _________________________________ _____

LS elective #3 _________________________________ _____


At least one non-western course (coded as NW in the Schedule of Classes) must be taken. Any non-

western course taken to fulfill another requirement will count here as well.



Two courses are required. At least one must be an ECON or MATH course (and also counts toward the

major). Writing-intensive courses are coded with a "W" in the Schedule of Classes.

ECON/MATH Writing-Intensive Course ______________________ _____

Writing-Intensive Course #2 _______________________ _____

student handbook 2 · and lots of fun and interesting people have majored in economics. scott...

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