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Economics

Academic Year: 2009 – 2010

Departmental goals and objectives
Through Economics coursework, students build strong conceptual thinking and problem-solving skills by understanding and applying economic theory to real world problems. Specific program objectives include the development of 1) basic knowledge of micro- and macroeconomic theory, 2) fundamental understanding of quantitative methods of analysis, 3) research competencies using the theories and methods of economic analysis, and 4) skills for applying theories and models to contemporary economic issues and policies.

Upon completion of a Bachelor’s degree through the College of Business and Management, students will meet the following goals and objectives:

Demonstrate knowledge of key concepts in the major business disciplines
* Knowledge in the key business disciplines including accounting, economics, management, marketing, finance information systems and the legal and social environment of business
Able to systematically analyze a business problem using appropriate methods
* Interpretation of evidence
* Identification and evaluation of points of view
* Formulation of appropriate conclusions
Communicate effectively in written and oral forms
* Demonstration of effective oral communication skills
* Demonstration of effective written communication skills
Demonstrate effective use of information technology and data analysis
* Demonstration of communication and presentation technologies used in the business environment
* Understanding of and ability to use common methods of statistical inference
* Understanding of data analysis and its use in business decision making

Advising
New students must contact the department for initial advising to plan a program of study that satisfies degree requirements and reflects their interests. Students are also required to access the Degree Audit Reporting System (DARS) throughout their college career to verify that their requirements are being met.

Foundation Requirements

All departments in the College of Business and Management require foundation knowledge in accounting, economics, mathematics, statistics, and the behavioral sciences. Students must earn a cumulative GPA of at least 2.00 across all foundation courses. UIS courses that satisfy the foundation knowledge requirements include:

ACC 211 Introduction to Financial Accounting and
ACC 212 Introduction to Managerial Accounting
ECO 201 Introduction to Microeconomics and
ECO 202 Introduction to Macroeconomics
ECO 213 Statistics for Business and Economics
MAT 113 Business Calculus (recommended) or MAT 114 Finite Math or equivalent.
Behavioral science course (psychology, sociology, etc.)

Coursework equivalents to the above may be accepted upon approval by the student’s advisor.

College Core (21 Hrs.)

The college core is required of all undergraduate College of Business and Management students.

Students must earn a cumulative GPA of at least 2.00 across all College Core courses.

BUS 302 Principles of Financial Management 3 Hrs.
BUS 312 Principles of Marketing 3 Hrs.
BUS 322 Principles of Operations Management 3 Hrs.
BUS 331 Business and Society 3 Hrs.
MIS 352 Principles of Management Information Systems 3 Hrs.
MGT 310 Managing Organizational Behavior 3 Hrs.
MGT 488 Strategic Management: The Capstone 3 Hrs.*
*Prerequisites: All college core courses, and within 12 hours of graduation or during the student’s last semester. A minimum grade of C (2.00) is required in MGT 488.

Major Requirements (18 Hrs.)

To earn a B.A. in Economics a student must:
-Complete at least 54 semester hours from a 4 year baccalaureate-granting institution;
-Complete at least 48 semester hours of upper-division (300-400 level) coursework;
-Complete at least one half of his or her business coursework (college core and major) at UIS; and
-Earn a cumulative grade point average of at least 2.00 across all courses required for the major.

Students enrolled prior to Fall 2009 may substitute an equivalent 3 hour Economics or equivalent CBM course for a 4 hour course requirement by Student Petition. All Economics majors must complete 18 credit hours of Economics major credit hours to fulfill the major requirements.

ECO 301 Managerial Economics 3 Hrs.
ECO 302 Macroeconomics in a Global Economy 3 Hrs.
ECO 314 Quantitive Methods for Business and Economics 3 Hrs.

3 upper division Economics courses from UIS 9 Hrs.

General Electives 8 Hrs.

Engaged Citizenship Common Experience (ECCE) 13 Hrs.

*Note: Freshmen and sophomore students should be aware that the internship in the Experiential and Service-Learning Programs (EXL) is classified as part of the Engagement Experience and the Elective categories in ECCE. If you wish to do an internship during your senior year, you should not fulfill either the Engagement or the Elective requirements with lower division ECCE courses. You should wait to enroll in 6 hours of EXL, which will then fulfill these requirements.

Online Economics Degree

The Economics Program offers the bachelor’s degree in two formats: one for students participating in traditional classroom instruction and one for students who wish to complete their degree online. The online degree program allows students to participate in a dynamic online learning community and complete their coursework using the latest information technologies and educational resources via the worldwide web. This fully online program is designed for students with 60 hours of completed college credit who are unable to attend on campus classes because of distance, work or care giving issues that are incompatible with regularly scheduled class offerings. Admission to the online program is limited by enrollment capacity. Students who seek admission to the online program should have 1) met all general education and entrance requirements stipulated for economics majors, 2) a minimum GPA of 3.00, 3) a demonstrated ability to write in the English language at the appropriate baccalaureate level, and 4) access to the Internet, specified software, and experience with their use.

Review for entry to the UIS Online Economics Program is a two-part process: Applications are first evaluated by the UIS Office of Admissions, then the application file is sent to the Director of Online CBM Programs for consideration. Details about how to apply to the Online Economics Program can be obtained by accessing the Online CBM website at www.uis.edu/cbam/online.

ECONOMICS MINOR

To earn a minor in economics, students must complete the following courses or their equivalents:

ECO 201 Introduction to Microeconomics 3 Hrs.
ECO 202 Introduction to Macroeconomics 3 Hrs.
ECO 301 Managerial Economics 3 Hrs.
ECO 302 Macroeconomics in a Global Economy 3 Hrs.
One additional upper-division economics course from UIS 3 Hrs.

An overall GPA of 2.00 in economics coursework is required to earn the economics minor. Students should consult their academic advisor to ensure that the requirements for a minor are met.

Transferring in College Core Courses
(BUS 302, BUS 312, BUS 322, BUS 331, MGT 310, MIS 352, and MGT 488)
The following requirements must be met in order for transfer credit to fulfill an upper division college core course requirement:
-The course must be an upper division course
-The course must have been completed within six years prior to admission
-A grade of C or better must be earned in each course requested for transfer
-No more than 3 courses or 9 hours of transfer credit may be used to fulfill CBM college core
course work
-MGT 488, Strategic Management: The Capstone may not be transferred in and must be completed at UIS


DEGREES:

Bachelor of Arts, Undergraduate Minor

FACULTY

Patricia Byrnes, Adil Mouhammed, Baker Siddiquee
Associated Faculty: Michael Cheney
Emeritus Faculty: Michael Ayers, John Munkirs, Leroy Wehrle

CONTACT INFO:

Phone: 217/206-7174
Email: eco@uis.edu
Website: www.uis.edu/economics/