Indiana University of Pennsylvania

2003-04 Undergraduate Catalog
Indiana, Pennsylvania 15705

 

Department of Economics

 

Chairperson:

Nicholas Karatjas

Faculty:

Asamoah, Dyal, Halvorson, J. Jozefowicz, S. Jozefowicz, Lewis, Potts, Radell, Yerger
Professor emeritus: Martel, Stonebraker, Walker

 

Website: www.iup.edu/economics

 

Bachelor of Arts

  •  Economics

  •  Economics/Pre-Law Track

  •  Economics/Mathematics

B.S.Ed.–Social Studies Education/Economics Track

Minor–Economics

 

Economics provides a background and educational base that open a broad range of professional, educational, and vocational opportunities. As part of a Humanities and Social Sciences degree, a Bachelor of Arts degree in Economics provides a liberal arts education, as well as professional and technical training. Indeed, 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 careers.

 

Four different degree programs are available: a Bachelor of Arts degree in Economics that prepares students for immediate employment or graduate school; a Bachelor of Arts degree in Economics/Pre-Law track for students who wish to attend law school; a Bachelor of Arts degree in Economics/Mathematics combining courses in both areas to prepare students for graduate study in economics or possible immediate employment; and the Bachelor of Science in Education that prepares students to teach economics and other social sciences in secondary schools.

 

Either ECON 101 or 121 counts as a Liberal Studies social science course. However, ECON 101 is intended for students who will take only one course in the field. Students who anticipate taking more than one economics course should schedule ECON 121. ECON 101 will not count toward either a major or minor in economics and may not be taken after the successful completion of, or in concurrent registrations with, any other economics course.

 

Economics majors are encouraged to minor in one of the other Social Sciences, Business Administration, Mathematics, or Applied Statistics.

 

The Department of Economics houses the Center for Economic Education. The center is a nonprofit, nonpartisan organization affiliated with both the Pennsylvania Partnership for Economic Education and the National Council on Economic Education. Its mission is to upgrade the quality of economic education in kindergarten through twelfth grade. The center performs the following functions: teacher training, consulting services, research, materials development, and programs in economic education for adults. Dr. James J. Jozefowicz is the director of the center.

 


Bachelor of Arts–Economics

 

Liberal Studies: As outlined in Liberal Studies section with the following specifications:

Mathematics: MATH 121 (1)

Social Science: ECON 121

Liberal Studies Electives: 9cr, no courses with ECON prefix

54

 

College:

0-6

Foreign Language Intermediate Level (2)

  

Major:

27

Required Courses:

ECON 122

Principles of Microeconomics

3cr

 

ECON 355

Statistics for Economists (3)

3cr

 

ECON 421

Macroeconomic Analysis

3cr

 

ECON 422

Microeconomic Analysis

3cr

 

Controlled Electives: 

Five other ECON courses (4, 5)

15cr

 

  

Free Electives: 

33-39

  

Total Degree Requirements: 

120

   

(1)   MATH 115 or 123 may be substituted for MATH 121.

(2)   Intermediate-level Foreign Language may be included in Liberal Studies electives.

(3)   MATH 214, 217, or 363 may be substituted for ECON 355.

(4)   No more than 6cr of internship credit may be applied toward major.

(5)   No more than one ECON Controlled Elective may be a 200-level course.

 

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Bachelor of Arts–Economics/Pre-Law Track

 

Liberal Studies: As outlined in Liberal Studies section with the following specifications:

Mathematics: MATH 121 (1)

Social Science: ECON 121

Liberal Studies Electives: 9cr, no courses with ECON prefix

54

 

College:

0-6

Foreign Language Intermediate Level (2)

  

Major:

24

Required Courses:

ECON 122

Principles of Microeconomics

3cr

 

ECON 355

Statistics for Economists (3)

3cr

 

ECON 421

Macroeconomic Analysis

3cr

 

ECON 422

Microeconomic Analysis

3cr

 

Controlled Electives: 

Four other ECON courses (4, 5)

12cr

 

 

Other Requirements: Pre-Law interdisciplinary track

6-21

Seven courses, including at least one from each of six areas:

Business: ACCT 201, ACCT 202, BLAW 235

Criminology: CRIM 210, 215, 255

English: ENGL 212, 220, 310

History: HIST 320, 321, 346

Philosophy: PHIL 101, 222, 450

Political Science: PLSC 358, 359, 361

  

Free Electives: 

15-36

  

Total Degree Requirements: 

120

   

(1)   MATH 115 or 123 may be substituted for MATH 121.

(2)   Intermediate-level Foreign Language may be included in Liberal Studies electives.

(3)   MATH 214, 217, or 363 may be substituted for ECON 355.

(4)   No more than 6cr of internship credit may be applied toward major.

(5)   No more than one ECON Controlled Elective may be a 200-level course.

 

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Bachelor of Arts–Economics/Mathematics

 

Liberal Studies: As outlined in Liberal Studies section with the following specifications:

Mathematics: MATH 123

Social Science: ECON 121

Liberal Studies Electives: 9cr, no courses with ECON or MATH prefix

54

 

Major:

46-48

Core:

ECON 122

Principles of Microeconomics

3cr

 

ECON 421

Macroeconomics Analysis

3cr

 

ECON 422

Microeconomics Analysis

3cr

 

MATH 124

Calculus II for Physics, Chemistry, and Mathematics

4cr

 

MATH 171

Introduction to Linear Algebra

3cr

 

MATH 216 or

   ECON 355 

Probability and Statistics for Natural Sciences or

Statistics for Economics

3-4cr

 

Economics Electives: (1, 2)

12cr

 

Students are especially encouraged to take ECON 334 and 356, but any
course except ECON 101 may be used. 

Mathematics Electives:

15-16cr

 

At least one of the following two-semester sequences:

        MATH 241 and 371, MATH 363 and 364, MATH 445 and MATH 446

Three additional courses either from the above or from the following:

       MATH 271, 272, 342, 417 or 418, 421, 422, 423, 425, 427, 451, 465, 476, 477

 

Other Requirements: 

0-6

College:
Foreign Language Intermediate Level (3)

  

Free Electives: 

12-20

  

Total Degree Requirements: 

120

(1)   No more than 6cr of internship credit may be applied toward major.
(2)   No more than one ECON Controlled Elective may be a 200-level course.
(3)   Intermediate-level Foreign Language may be included in Liberal Studies electives.

 

 

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Bachelor of Science in Education–Social Studies Education/Economics Track (*)

 

Liberal Studies: As outlined in Liberal Studies section with the following specifications:

Mathematics: 3cr

Social Science: ANTH 110, ECON 121, and PSYC 101

Liberal Studies Electives: 6cr, GEOG 230, SOC 337, no courses with ECON prefix

51

 

College:

32

3 additional cr of MATH 100 level or above
(in addition to Liberal Studies MATH) (1)

3cr

 

Preprofessional Education Sequence:

COMM 103

Digital Instructional Technology

3cr

 

EDSP 102

Educational Psychology

3cr

 

Professional Education Sequence:

EDEX 301

Education of Students with Disabilities in Inclusive Secondary Programs

2cr

 

EDSP 477

Assessment of Student Learning: Design and Interpretation of Educational Measures

3cr

 

EDUC 242

Pre-student Teaching Clinical Experience I

1cr

 

EDUC 342

Pre-student Teaching Clinical Experience II

1cr

 

EDUC 441

Student Teaching

12cr

 

EDUC 442

School Law

1cr

 

EDUC 455

Teaching of Social Studies in Secondary Schools

3cr

 

  

Major:

18

Required Courses:

ECON 122

Principles of Microeconomics

3cr

 

Controlled Electives: 

Upper-level Economics courses including at least one writing-intensive course and at least one course from each of the following three groups:

International courses: ECON 339, 345, 346, 350, 351

Macroeconomic courses: ECON 325, 326, 343, 421

Microeconomic courses: ECON 330, 331, 332, 333, 334, 335, 336, 361, 373, 383

15cr

 

 

Other Requirements: 

18

Social Studies Distribution:

GEOG XXX

200-level or higher Geography course

3cr

 

HIST 204

United States History to 1877

3cr

 

HIST 205

United States History Since 1877

3cr

 

PLSC 280 or

   PLSC 285 

Comparative Governmentor

Comparative Government II

3cr

 

Social Science Minor (2)

6cr

 

  

Free Electives: 

1

  

Total Degree Requirements: 

120

   

(*)   See requirements leading to teacher certification, titled “Admission to Teacher Education,” in the College of Education and Educational Technology section of this catalog. In order to student teach, students must have a 3.0 cumulative GPA in their major (social science and history courses). To be licensed to teach History, Geography, Economics, Civics, and Government, Social Studies Education/History majors must apply for Citizenship Education certification.

(1)   Students are required to take and additional 3cr of math beyond the Liberal Studies requirement for a total of 6cr, all of which must be at the 100 level or above.

(2)   History is the recommended choice for a minor. Students may complete a minor in a second Social Science of their choice. This will require additional credits.

 

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MinorEconomics

15
   

Required Courses:

ECON 121

Principles of Macroeconomics

 3cr

 

ECON 122

Principles of Microeconomics

 3cr

 

Three courses from ECON 200 or higher

 9cr

 

 

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