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Economics

The BBA in Economics is offered by the Department of Economics and Finance. This major prepares students for entry-level positions in business, nonprofit organizations, governmental agencies, and private consulting. This work includes economic analysis, research, and empirical analysis.

The BBA in Economics is offered by the Department of Economics and Finance. This major prepares students for entry-level positions in business, nonprofit organizations, governmental agencies, and private consulting. This work includes economic analysis, research, and empirical analysis.

Students choosing an economics major are advised that a position as a professional economist usually requires a graduate degree in economics. Students planning to enter a graduate program in economics are strongly recommended to include advanced courses in mathematics, statistics, and econometrics in their undergraduate programs.

Required courses for the BBA degree include ECO 1001 and ECO 1002, courses that form the foundation of knowledge in micro- and macro-economics, respectively. These courses are prerequisites for all other economics courses.

An internship training program is available to qualified day seniors majoring in economics, with 3 credits a semester for 20 weekly hours of work and for no more than two semesters. These credits cannot be counted toward the credits needed for the major.

The economics major includes three required courses (9 credits) and five electives (15 credits). Economics majors should plan on taking all three required courses, especially ECO 4000, as early in their major program as possible. When registering, students should keep in mind that these courses are not given every semester and should plan their courses accordingly, particularly when the course is a prerequisite for further courses in the field.

Students must file for this major officially by the end of their junior year.

Required Courses (9 credits)

credits
ECO 3100 Intermediate Micro-Economics
3
ECO 3200 Intermediate Macro-Economics
3
ECO 4000 Statistical Analysis for Economics and Finance
3

Elective Courses (15 credits)

In addition to the required courses, an economics major must take a meaningful combination of five economics, finance, or insurance courses at the 3000-level or higher as electives. Of these five courses, at least two must be economics courses at the 4000-level or higher.

FIN 3000 is not applicable to the major, although it is a prerequisite to other finance courses. When appropriate, a student may include up to two advanced courses from other disciplines among the five electives. These courses must be meaningfully integrated and approved by the department advisor.

Tier III Minor in Economics:


Undergraduate students will now be able to fulfill the Tier III requirement by completing a minor in Economics. This Tier III Minor in Economics requires that students take:

    • two courses in Economics at the 3000 level or above, followed by
    • a communications-intensive "capstone" course.

It is the responsibility of the student to insure that all prerequisites are met. Further, note that not every 4000 level and above economics course qualifies as a capstone. Following is a list of approved capstone courses:

ECO 4100 (Advanced Microeconomics)
ECO 4200 (Advanced Macroeconomics)
ECO 4201 (Monetary Economics)
ECO 4400 (Contemporary Economic Thought)
ECO 4501 (Advanced Labor Economics)
ECO 5100 (Economic Problems in Linear Regression)
ECO 5250 (Current Problems in Macroeconomics)
ECO 5350 (Current Problems in Public Finance)

Students should also be aware that not every course will be offered every semester, therefore, they should insure that the program they select is flexible and are advised to check with the Department of Economics and Finance (VC 10-225, (646) 312-3450) prior to the beginning of each term regarding course availability.

For students' convenience, the Department has compiled a list of recommended sequences of courses for the Tier III Minor in Economics, organized according to area of interest:

Macroeconomics and Monetary Economics

ECO 3200 Intermediate Macroeconomic
ECO 3220 Money and Banking



Capstone: choose one of the following:
ECO 4200 Advanced Macroeconomics
ECO 4201 Monetary Economics
ECO 5250 Current Problems in Macroeconomics



Human Resources

Choose any two or the following:
ECO 3501 Labor Economics
ECO 3504 Economics of Medical Care
ECO 3100 Intermediate Microeconomic



Capstone:
ECO 4501 Advanced Labor Economics *



Public Finance and Urban Policy

Choose any two or the following:
ECO 3310 Public Finance
ECO 3320 Urban Economics
ECO 3100 Intermediate Microeconomic



Capstone:

ECO 5350 Current Problems in Public Finance



Economic Development and Thought

Choose one of the following:
ECO 3400 Evolution of Economic Thought
ECO 3511 Contemporary Economic Development



plus one of the following:
ECO 3100 Intermediate Microeconomics
ECO 3200 Intermediate Macroeconomics



Capstone: choose one of the following:
ECO 4400 Contemporary Economic Thought
ECO 4200 Advanced Macroeconomics



Quantitative Applications in Economics

Choose any two of the following:
ECO 4000 Statistical Analysis for Economics and Finance
ECO 4050 Economics and Business Forecasting
ECO 4300 Mathematical Economics



Capstone:

ECO 5100 Economic Problems in Linear Regression



Micro-Economic Theory and Industrial Organization

Choose any two of the following:
ECO 3100 Intermediate Microeconomic
ECO 3110 Industrial Organization and Public Policy
ECO 3120 Managerial Economics
ECO 3300 Economics of Regulation



Capstone:

ECO 4100 Advanced Microeconomic



General Economic Theory

ECO 3100 Intermediate Microeconomic Theory*
ECO 3200 Intermediate Macroeconomic Theory*



Capstone: choose one of the following:
ECO 4100 Advanced Microeconomic Theory*
ECO 4200 Advanced Macroeconomic Theory*



Macro and International Economics

ECO 3200 Intermediate Macroeconomic Theory*
ECO 3250 International Economics*



Capstone: choose one of the following:
ECO 4200 Advanced Macroeconomic Theory*
ECO 4201 Monetary Economics



General Quantitative Methods Concentrations

Students may choose any 3000 level course in a particular area; e.g. 3100-Intermediate Microeconomic Theory*, 3200-Intermediate Macroeconomic Theory*, 3501-Labor Economics* plus Economics 4000 as preliminary courses. This can then be followed by the corresponding 4000 (or above) level advanced course; e.g. 4100-Advanced Microeconomic Theory*, 4200-Advanced Macroeconomic Theory*, 4501-Advanced Labor Economics* as the capstone course. If in doubt, students should check with an economics advisor to insure their choices conform to the requirements of this concentration.

Note: The above are samples only. Students are free to select any combination of courses meeting the requirements outlined at the top of the page.

For further information about the courses available and to discuss which programs might be most appropriate to your interests, please call or visit the Economics Department offices in the Vertical Campus to make an appointment to see one of our advisors:

Faculty Advisor(s)

Peter Gutmann
Peter_Gutmann@baruch.cuny.edu
Office: 10-233 (VC)
(646) 312-3461

Prof. Larry Huckins
Larry_Huckins@baruch.cuny.edu
Office: 10-231 (VC)
(646) 312-3460

BA in Economics

For information about the BA in Economics program please click the link below:

http://www.baruch.cuny.edu/wsas/docs/BAEconomics.htm

Career Opportunities

Economics majors are employed by government, nonprofit organizations, industrial corporations and financial institutions such as banks and brokerage houses. Economists do economic analyses of various markets, do pricing studies, determine the effects that government policies have on their businesses, and analyze the implications of international economic events for their operations. All levels of government, as well as international organizations, hire economists to do economic analyses and planning. A graduate degree is desirable but not necessary for most jobs in economics. The exception is an academic job, which generally requires a Ph.D. for entry or advancement. As in all professions, people with graduate degrees command higher salaries and often have better opportunities for advancement. The median annual earnings for economists (including those with graduate training) was estimated to be $49,140 by the Census Bureau for the Bureau of Labor Statistics in 2001. See website for Career Development Center for more information.

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