UMM

Curriculum Committee

Form B

Rev: 07/2004

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Appropriate

Division Office

University of Minnesota, Morris

Curriculum Committee Form B:

Discipline Objectives and Requirements

All changes become effective the fall semester following Campus Assembly approval.

Date: September 20, 2004

Discipline/Division: Economics

I. Introductory Statement:

This discipline is in the Division of the Social Sciences.

II. Objectives:

The economics curriculum is designed to ensure that students:
a) understand the nature and functioning of the market system
b) are able to define criteria for assessing efficiency in the provision of goods and services
c) investigate and assess the operation of economic institutions
d) are able to evaluate alternative policies intended to enhance economic outcomes
e) develop competence in quantitative methods and computing methods
f) are able to conceptualize and analyze problems using the tools of economic theory, and communicate the results
g) are competent in oral and written communication
h) are adequately prepared for graduate or professional school.

III. Assessment:

IV. Requirements for a Major:

Econ 1111—Principles of Microeconomics
Econ 1112—Principles of Macroeconomics
Econ 3201—Microeconomic Theory
Econ 3202—Macroeconomic Theory
Econ 3501—Introduction to Econometrics
Econ 4900—Variable Topics in Economic Research

Econ 4501 – Senior Research Seminar in Economics and Management
Math 1101—Calculus I
Stat 1601—Introduction to Statistics
or Stat 2601—Statistical Methods
14 additional credits in Econ courses at 3xxx and above

No more than 4 credits from each of the following can be applied to the major.
Econ x993—Directed Study
Econ 490x—Variable Topics in Economic Research

Econ 4501 – Senior Research Seminar in Economics and Management

Grades of D in Econ 1111-1112, Math 1101, and Stat 1601 may not be used to meet major requirements. Up to 4 credits of other economics coursework with a grade of D may be used to meet major requirements if offset by an equivalent number of credits of A or B. Required courses may not be taken S-N unless offered S-N only.

Students should complete the following during their first two years:
Econ 1111—Principles of Microeconomics
Econ 1112—Principles of Macroeconomics
Math 1101—Calculus I
Stat 1601—Introduction to Statistics
or Stat 2601—Statistical Methods

Students should complete the following before their senior year:
Econ 3201—Microeconomic Theory
Econ 3202—Macroeconomic Theory
Econ 3501—Introduction to Econometrics

V. Requirements for a Minor:

Econ 1111—Principles of Microeconomics
Econ 1112—Principles of Macroeconomics
Econ 3201—Microeconomic Theory
Econ 3202—Macroeconomic Theory
Math 1101—Calculus I
Stat 1601—Introduction to Statistics

or Stat 2601—Statistical Methods
6 additional credits in Econ courses at 3xxx or above

No more than 4 credits from each of the following can be applied to the minor.
Econ x993—Directed Study
Econ 490x—Variable Topics in Economic Research

Econ 4501 – Senior Research Seminar in Economics and Management

Grades of D in Econ 1111-1112, Math 1101, and Stat 1601 may not be used to meet minor requirements. Required courses may not be taken S-N unless offered S-N only.

VI. Requirements for Teacher Preparation:

Students seeking teaching licensure in social studies 5-12 should refer to the Education, Secondary (SeEd) section of this catalog.

VII. Other heading (include heading title) :