Economics, BA

The Bachelor of Arts (BA) in Economics provides students with a versatile, powerful set of analytic tools for studying the social sciences. Students majoring in economics are required to take the following courses:

Requirements for the Major

EC 102 - Microeconomic Principles
EC 103 - Macroeconomic Principles
EC 220 - Business Statistics
EC 301 - Intermediate Macroeconomic Theory
EC 302 - Intermediate Microeconomic Theory
MA 151 - Applied Calculus or
MA 251 - Calculus I
Seven upper-level economics courses, four of which may be taken at the 300- or 400-level and three which must be taken at the 400-level. At the discretion of the department chair, certain courses offered by other departments may qualify toward the upper-level requirement.

Typical Program

An example of a typical program of courses for the major are as follows:

First Year

Fall Term

Spring Term

EC 103 - Macroeconomic Principles *
HS 100 - Encountering the Past **
Language Core or
Elective
Natural Science Core
Elective

Sophomore Year

Fall Term

Spring Term

EC 301 - Intermediate Macroeconomic Theory */** or
EC 302 - Intermediate Microeconomic Theory
PL 201 - Foundations of Philosophy or
TH 201 - Theology Matters
EN 200-Level or HS 200-Level Course
Elective
Elective

Junior Year

Fall Term

Economics Elective*
PL 200-Level or TH 200-Level Course
Fine Arts Core
Elective
Elective

Spring Term

Economics Elective*
Economics Elective*
Elective
Elective
Elective

Senior Year

Fall Term

Ethics Core
Economics Elective*
Economics Elective*
Elective
Elective

Spring Term

Economics Elective*
Economics Elective*
Elective
Elective
Elective

Key:

* Required for major.
** Terms may be interchanged.

Notes:

EC 102 and EC 103 satisfy a social science core requirement.
It is strongly recommended that students who plan to spend all or part of junior year abroad must take EC 301 and/or EC 302 in the sophomore year. Students will not be allowed to take EC 301 or EC 302 abroad.
Applied Calculus (MA 151 ) or Calculus I (MA 251 ). Students who have taken calculus in high school or have a strong background are encouraged to take MA 251 . This provides students the option of taking additional mathematics courses and/or completing a mathematics minor
Candidates for the BA in Economics may substitute Introduction to Statistics (ST 210 ) for Business Statistics (EC 220 ). Note that both EC 220 and ST 210 count towards the third Math/Natural Science requirement in the Loyola Core.
Students must complete the diversity core requirement through a designated diversity core, major, or elective course (see Diversity Core Requirement under Curriculum and Policies).
Economics students accepted into the accelerated bachelors to MS in data science may take ST 765, ST 710 and CS 701 in order to complete the MS in one and half years. ST 710 should be taken during the spring of a student's junior year, and ST 765 the fall of their senior year. Both courses will count towards an economics elective for their undergraduate degree and the MSDS degree. Students without prior programming experience should also take CS 701 in the fall of their senior year which will count as an undergraduate elective.