The College of Liberal Arts and Sciences - Butler University

awarded to economists who also have a keen
interest in one of the above areas.
Why Study Economics at Butler?
You can study economics as a major in the
College of Liberal Arts and Sciences and also as
a major in the College of Business Administration.
The student in Liberal Arts and Sciences
may have a given career path in mind but often
does not. He/she knows that economics offers
an array of opportunities and takes economics
to learn critical thinking skills and about the
dynamic economic environment in which we
live. The career choice will follow. The same
applies to a student who majors in the
College of Business, but the career choice
is more targeted to the business sector. The
economics courses taken in either college are
the same; the courses outside of economics,
though, are different between the two colleges.
Economics Student Learning Outcomes
Students will learn and discuss issues, such
as how the Federal Reserve creates money
and influences interest rates domestically and
around the world, why the euro changes in
value against the dollar, and the reason behind
Zimbabwe inflation. You’ll learn about the
“Wealth of Nations” from rich countries (e.g.
the U.S.) to poor ones (e.g. Bangladesh), about
growing countries (e.g. China) and countries
transitioning to capitalism (e.g. Russia). You’ll
learn about the invisible hand of the market
and the different roles of government in a
mixed economy.
The tools in addressing these questions
include supply and demand, international trade
and exchange rate determination, monetary
and fiscal policy, market structure and statistical
relationships.
• MS265, Information Technology
• Foundation Course hours: 13 (Not
counting MA125 or MA106, and with
MS101 being one hour)
Other Required
• EC332, Intermediate Macroeconomics
• EC354, Intermediate Microeconomics
• EC464, Quantitative Methods-Econometrics
• Other Required Course hours: 9
Any four courses numbered 300 or 400 level
• Economics Electives hours: 12
• Total Hours: 34
Requirements for the Minor
• EC231, Principles of Microeconomics
• EC232, Principles of Macroeconomics
• Either EC332, Intermediate Macroeconomics
or EC354, Intermediate Macroeconomics
• Three courses numbered 300 or 400 level
• Total hours: 18
Core Course Offered by Economics
SW220-COB, The Economy and Society:
This course examines important concepts of
microeconomics and macroeconomics and
analyzes issues such as energy prices, prescription
drug costs, pollution and globalization of
markets using these concepts. It explores how
economic life is intertwined with a society’s
culture, politics, values and history. Further,
it considers the limitations of the economic
methodology to place economics in a context
with the other social sciences. (U)(3). Fall and
spring.
Economics Courses
EC231, Principles of Microeconomics: This
course examines the economic behavior of individuals,
firms and markets. The course provides
Degrees
basic concepts of economics and the analytical
• Major in Economics
tools for students to understand how and why
• Minor in Economics
people make economic choices. Prerequisites:
Sophomore standing; or 15 hours and MA106
or MA125. (U)(3). Fall and spring.
Requirements for the Major
Required Foundation
EC232, Principles of Macroeconomics: This
• EC231, Principles of Microeconomics
course studies aggregate output, employment,
• EC232, Principles of Macroeconomics
trade, government fiscal and monetary policies
• MA125, Business Calculus or MA106,
and other national and international economic
Calculus and Analytical Geometry I (Either
issues. It provides a framework for understanding
and evaluating economic policy choices
course also satisfies the University Core
Curriculum under Analytical Reasoning)
made by political leaders throughout the world.
• MS100, Basic Excel Skills
Prerequisite: EC231. (U)(3). Fall and spring.
• MS264, Statistics
141 Butler University
The College of Liberal Arts and Sciences