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  Sep 20, 2017
 
 
    
2017-2018 University Catalog

Economics, BS


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About the Program

Welcome to Purdue University’s Department of Economics. The Department, located in the Krannert School of Management, has a long tradition of excellence in research and teaching. Economics faculty members are leaders in their respective fields. The Economics Department offers both undergraduate and graduate degree programs. For undergraduates students, the Department offers two Baccalaureate degrees, a Bachelor of Science (BS) degree in Economics through the Management School and a Bachelor of Arts (BA) degree through the College of Liberal Arts. We also offer an Economics Honors Program and a Minor in Economics and a Minor in Business Economics.

Why study economics? The most common answer we hear from students is that they enjoy taking econ courses. Fortunately, studying economics is not just enjoyable, it provides analytical and quantitative training that is in high demand by employers. In 2015, Purdue’s Economics graduates had higher average starting salaries than all other business majors at Purdue (note that many of the top Economics majors at Purdue go immediately to graduate school and are not included in the salary averages). A 2011 New York Times article indicated that majoring in Economics gives you the best chance of reaching the top 1% of earners and 2006 paper by Flynn and Quinn found that after “adjusting for the size of the pool of graduates, those with undergraduate degrees in Economics are shown to have had a greater likelihood of becoming an S&P 500 CEO than any other major.”

Purdue offers two undergraduate degrees in Economics: a Bachelor of Science (BS) and a Bachelor of Arts (BA). The BS degree is offered by the Krannert School of Management and is designed for students who expect to use economic analysis and data-heavy quantitative methods in their careers. The BA degree is offered by the College of Liberal Arts and is designed for students who expect to use economic reasoning in the context of a broader liberal arts education in their careers. Krannert also offers a Minor in Economics and a Minor in Business Economics which are programs available to any undergraduate student on campus.

At Purdue, you will learn core micro and macro economic theory and then can chose from a menu of Economics Courses that cover diverse topics including: international trade, social interactions, tax policy, the banking system, public goods, the structure of industry, labor unions, antitrust policy, education, trust and bargaining, government regulation, discrimination, public finance, economic development, decision making under uncertainty, unemployment, any many, many others.

Economics Admissions Index Core (EAI)
  • To be automatically admitted into upper division, students who have completed all courses in the EAI must have at least a 2.75 EAI GPA, have a cumulative GPA of 2.50 or higher, must have a C- or higher in all EAI and ECON courses, and may not be on academic probation.
  • Previous enrollments in MA 16100 /MA 16500  do not count in the EAI GPA if replaced with MA 16010 .
  • Previous enrollments in MA 16200 /MA 16600  do not count in the EAI GPA if replaced with MA 16020 .
  • A maximum of three EAI courses may be retaken one time each for a grade.
  • EAI and School of Management (Economics) Foundations courses with grades of “F” cannot be replaced by a transfer.

Degree Requirements


120 Credits Required

Required Major Upper Division Courses (24 credits)


No more than 3 Upper Division courses per semester unless at least a 2.75 overall GPA

Major Selectives* (12-26 credits)


Complete the requirements for a Major or Minor offered by the College of Science, College of Engineering, College of Management, or a Krannert Concentration, or an Entrepreneurship Certificate.

Other Departmental /Program Course Requirements (47-54 credits)


Economics Admissions Index (EAI) Core*


Electives (16-37 credits)


The number of general electives will vary for each student and can include AP credit, transfer credit, and/or Credit by Exam.

General Information


  • MGMT, OBHR and ECON courses numbered 30000 or higher can only be taken after being admitted to Upper Division.
  • Transfer credit for upper level MGMT, OBHR and ECON (https://selfservice.mypurdue.purdue.edu/prod/bzwtxcrd.p_select_info) courses will only be considered if taken at a 4 year AACSB accredited school, (www.aacsb.edu).
  • Courses taken on approved Krannert study abroad programs may be used to satisfy degree requirements.  Students participating in a Purdue approved study abroad program are registered as full-time Purdue students during their semester abroad.  Schedule an appointment with your advisor to discuss study abroad opportunities. The suggested arrangement of courses on the next page leaves the spring semester of the 3rd year open for a semester abroad.
  • For students in the Honors College, ECON 25100-H, ECON 49900, ECON 51100, ECON 51200, and ECON 56200 all count as honors elective courses (automatically provide honors credits without the need for an honor contract)
  • MA 16020 is not sufficient preparation for minors offered by the College of Science and the College of Engineering. Consider taking MA 16200 or MA 16600 instead. Students who have not completed MA 16100 but have a C- or better in both MA 16010 & MA 16020 may take MA 16200.
  • Students interested in Master’s or Ph.D. programs in economics, accounting, finance, political science, and other related fields should take additional mathematics and statistics courses. Consider the Economics BS Honors degree as it provides a better preparation: https://www.krannert.purdue.edu/academics/economics/Undergraduate/after-graduation/prep-grad-school.asp
  • Information on summer courses is available at www.purdue.edu/thinksummer.
  • Refer to www.MyPurduePlan.purdue.edu for degree requirements.

International Electives


  • Any foreign language course - 20100, 20200, 30100, 30200, 40100, and 40200 not in your native language. Foreign language course cannot be taught in English.
  • Global or international courses (3-6 credits) taken at an approved Purdue study abroad program may be used toward the International Elective with advisor approval.

± Also counts for UC Humanities

≈ Also counts for UC Science Technology & Society

≥ Check myPurdue for course pre-requisites

University Core Requirements


  • Human Cultures Humanities
  • Human Cultures Behavioral/Social Science
  • Information Literacy
  • Science #1
  • Science #2
  • Science, Technology, and Society
  • Written Communication
  • Oral Communication
  • Quantitative Reasoning
  • For a complete listing of course selectives, visit the Provost’s Website.

Prerequisite Information:


For current pre-requisites for courses, click here.

Program Requirements


15-18 Credits


15-17 Credits


Fall 2nd Year


15 Credits


Spring 2nd Year


15 Credits


Fall 3rd Year


  • ENGL 42000 - Business Writing
  • ECON Elective - Credit Hours: 3.00
  • ECON Elective - Credit Hours: 3.00
  • UC Science - Credit Hours: 3.00
  • International Elective - Credit Hours: 3.00

15 Credits


Spring 3rd Year


  • General Elective or Minor - Credit Hours: 3.00
  • General Elective or Minor - Credit Hours: 3.00
  • General Elective or Minor - Credit Hours: 3.00
  • General Elective or Minor - Credit Hours: 3.00
  • General Elective or Minor - Credit Hours: 3.00

15 Credits


Fall 4th Year


  • ECON Elective - Credit Hours: 3.00
  • ECON Elective - Credit Hours: 3.00
  • General Elective or Minor - Credit Hours: 3.00
  • General Elective or Minor - Credit Hours: 3.00
  • General Elective or Minor - Credit Hours: 3.00

15 Credits


Spring 4th Year


  • ECON Elective - Credit Hours: 3.00
  • General Elective or Minor - Credit Hours: 3.00
  • General Elective or Minor - Credit Hours: 3.00
  • General Elective or Minor - Credit Hours: 3.00
  • General Elective or Minor - Credit Hours: 3.00

15 Credits


Notes


* Completion prior to admittance to upper division strongly encouraged

*UC* Fulfills University Core requirement

 ♦  Critical Course to satisfy EAI requirements

Foreign Language Courses


Foreign Language proficiency requirements vary by program.  For acceptable languages and proficiency levels, see your advisor:

American Sign Language, Arabic, Chinese, French, German, (ancient) Greek, Hebrew, Italian, Japanese, Latin, Portuguese, Russian, Spanish

Critical Course


The ♦ course is considered critical. A Critical Course is one that a student must be able to pass to persist and succeed in a particular major.

Disclaimer


The student is ultimately responsible for knowing and completing all degree requirements.

The myPurduePlan powered by DegreeWorks is the knowledge source for specific requirements and completion.

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