Economics : Degrees & Policies

Degrees Offered

Undergraduate: BA, BA in Economics-Mathematics, Minor
Combined degrees: BA/MA, BA/MS, BA/MBA
Graduate: MA, MS, PhD

Advisement

Students considering an economics major should consult the undergraduate advisor in 411 Fronczak and help themselves to the Undergraduate Brochure outside the department office.

Advanced Placement: The department accepts AP Microeconomics and AP Macroeconomics for credit with a grade of 4 or higher.

Acceptance Information

To apply for the Economics major or minor, students should submit a current DARS report to the department office, 415 Fronczak Hall, and write their name, person number, e-mail address and local address and phone number on it. Please also note whether the application is for a major or minor in Economics and, in the case of a double or joint major or double degree, specify the other major/degree.

Transfer Policy

Every economics major must take at least four upper level (300-level or higher) economics electives at the University at Buffalo. These cannot include ECO 495 Undergraduate Supervised Teaching or ECO 496 Internship in Economics. Transfer credit may be given towards the required courses (ECO 405 Microeconomic Theory, ECO 407 Macroeconomic Theory, and ECO 480 Econometrics 1) or for ECO 181 Introduction to Macroeconomics or ECO 182 Introduction to Microeconomics, or for other economics electives. Students who seek transfer credit should consult the director of undergraduate studies in economics and provide documentation, such as course descriptions and syllabi, for each course for which credit is sought. A form for this purpose is outside the department office, 415 Fronczak Hall.

Economics - B.A.

Acceptance Criteria

Minimum GPA of 2.0 overall.
Minimum GPA of 2.0 in two or more economics courses.
Completion of the prerequisite courses.
Completion of a minimum of 30 university credit hours.

Advising Notes

10 credit hours of required courses and 23 credit hours of electives are required. Electives are selected from other economics courses and must include twelve upper-level (300/400-level) credit hours. ECO 406 Topics in Microeconomics must be included in these by students who wish to be considered for Honors in the Economics major. A maximum of 3 credit hours may be from ECO 498 Undergraduate Research or from ECO 499 Independent Study. ECO 495 Undergraduate Supervised Teaching and ECO 496 Internship in Economics cannot be used to satisfy the upper-level economics course requirement, but a maximum of 3 credits from either ECO 495 or ECO 496 can be used toward the remaining 11 elective credits.

MTH 121-MTH 122 or MTH 141-MTH 142 are prerequisites for 300/400-level economics courses. MTH 131 can be substituted for MTH 121.

Students interested in a joint major program or combined degree program should consult the director of undergraduate studies in economics as early as possible in their academic career.

Prerequisite Courses

MTH 121 Survey of Calculus and Its Applications I or MTH 131 Math Analysis for Management or MTH 141 College Calculus I..
Any two economics courses (ECO 181 and ECO 182 are highly recommended)

Required Courses

ECO 405 Microeconomic Theory
ECO 407 Macroeconomic Theory
ECO 480 Econometrics I (may substitute MTH 411-MTH 412 or GEO 410-GEO 411 or EAS 305)
11 credits of economics electives at any level
Four 300/400-level economics electives, excluding ECO 495 and ECO 496
One of the following: MTH 122 Survey of Calculus and Its Applications II, MTH 142 College Calculus II

Summary
Total required credit hours for the major: 41

See Baccalaureate Degree Requirements for general education and remaining university requirements.

Recommended Sequence of Program Requirements

FIRST YEAR
Fall ECO 181 or ECO 182*; one of the following: MTH 121, MTH 131, MTH 141
Spring ECO 181 or ECO 182*; one of the following: MTH 122, MTH 142

SECOND YEAR
Fall ECO 405 or ECO 407; one economics elective at any level
Spring ECO 405 or ECO 407; ECO 480 (may substitute MTH 411-MTH 412 or GEO 410-GEO 411 or EAS 305)

THIRD YEAR
Fall One 300/400-level economics elective
Spring One 300/400-level economics elective

FOURTH YEAR
Fall One 300/400-level economics elective
Spring One 300/400-level economics elective

*ECO 181 Introduction to Macroeconomics and ECO 182 Introduction to Microeconomics are strongly recommended as economics electives. They are independent of each other and can be taken in either order.

Economics - B.A./M.A.

Acceptance Criteria

Students must apply for and be accepted into both the undergraduate economics major and the M.A. in economics program.

Advising Notes

135 credit hours are required for the combined BA/MA degree: 105 credits at the undergraduate level, including 18 credits in economics and all university requirements, and 30 credits in economics at the graduate level. An additional 15 graduate credit hours are required to also obtain an Advanced Certificate in a specialization within economics.

Students should consult the directors of the undergraduate and M.A. programs as early as possible in their decision-making process, in order to develop a sequence of coursework that is appropriate to their interests and objectives.

Prerequisite Courses

One of the following: MTH 121, MTH 131, MTH 141
Any two economics courses (ECO 181 and EC0 182 are highly recommended)

Required Courses

ECO 405 Microeconomic Theory*
ECO 407 Macroeconomic Theory*
ECO 480 Econometrics I* (may substitute MTH 411-MTH 412 or GEO 410-GEO 411 or EAS 305)
ECO 505 Microeconomic Theory
ECO 507 Macroeconomic Theory
ECO 576 Topics in Microeconomics
ECO 580 Econometrics I
ECO 581 Econometrics II
Minimum of 8 undergraduate credits of economics electives at any level, excluding ECO 495 and ECO 496
One of the following: MTH 122, MTH 142
Five M.A. electives

*ECO 505, ECO 507 and ECO 576 may be substituted for ECO 405, ECO 407, and ECO 406 respectively with permission of the Director of the M.A. program. A waiver exam may be taken for ECO 580 and ECO 581; please contact the Assistant Director of the M.A. program for details. However, a total of 18 undergraduate Economics credits and 30 M.A. level credits are still required for the degree, even with specific course waivers.

Summary
Total required credit hours for the undergraduate portion: 26

See Baccalaureate Degree Requirements for general education and remaining university requirements.

Recommended Sequence of Program Requirements

FIRST YEAR
Fall ECO 181 or ECO 182*; one of the following: MTH 121, MTH 131, MTH 141
Spring ECO 181 or ECO 182*; one of the following: MTH 122, MTH 142

SECOND YEAR
Fall One lower-level economics elective course
Spring ECO 405, ECO 407

THIRD YEAR
Fall ECO 480
Spring ECO 507

FOURTH YEAR
Fall ECO 505, ECO 580
Spring ECO 576, ECO 581, one M.A. elective course

FIFTH YEAR
Fall Four M.A. elective courses
Spring Applied certificate courses

*ECO 181 and ECO 182 are recommended as economics electives. They are independent of each other and can be taken in either order.

Refer to the Graduate School's policies and procedures manual for requirements for master's candidates .

Economics - B.A./M.S.

Acceptance Criteria

Students must apply for and be accepted into both the undergraduate economics major and the M.S. program in Economics.

Advising Notes

150 credits are required for the combined B.A./M.S. degree: 105 credits at the undergraduate level, including a minimum of 18 credits in economics and all university requirements, and 45 credits in economics at the graduate level.

Students should consult the directors of the undergraduate and M.A. programs as early as possible in their decision-making process, in order to develop a sequence of coursework that is appropriate to their interests and objectives.

Prerequisite Courses

One of the following: MTH 121, MTH 131, MTH 141
Any two economics courses (ECO 181 and EC0 182 are highly recommended)

Required Courses

ECO 405 Microeconomic Theory*
ECO 407 Macroeconomic Theory*
ECO 480 Econometrics I* (may substitute MTH 411-MTH 412 or GEO 410-GEO 411 or EAS 305)
ECO 505 Microeconomic Theory
ECO 507 Macroeconomic Theory
ECO 580 Econometrics I
ECO 581 Econometrics II
ECO 582 Computational Econometrics
ECO 526 Financial Economics I
ECO 561 Economics of Fluctuation and Forecasting

Minimum of 8 undergraduate credits of economics electives at any level, excluding ECO 495 and ECO 496
One of the following: MTH 122, MTH 142
Eight M.A. electives. Of these, each track(Financial Economics, International Economics, Applied Micro-Econometrics)entails 5 specific courses and 3 free electives

*ECO 505 and ECO 507 may be substituted for ECO 405 and ECO 407 respectively with permission of the Director of the M.A. program. A waiver exam may be taken for ECO 580 and ECO 581; please contact the Assistant Director of the M.A. program for details. However, a total of 18 undergraduate Economics credits and 45 M.S. level credits are still required for the degree, even with specific course waivers.

Summary
Total required credit hours for the undergraduate portion: 26

See Baccalaureate Degree Requirements for general education and remaining university requirements.

Recommended Sequence of Program Requirements

FIRST YEAR
Fall ECO 181 or ECO 182*; one of the following: MTH 121, MTH 131, MTH 141
Spring ECO 181 or ECO 182*; one of the following: MTH 122, MTH 142

SECOND YEAR
Fall One lower-level economics elective course
Spring ECO 405, ECO 407

THIRD YEAR
Fall ECO 480
Spring ECO 507

FOURTH YEAR
Fall ECO 505, ECO 580
Spring ECO 526, ECO 581, two M.S. elective course

FIFTH YEAR
Fall ECO 561, ECO 582, two M.S. elective courses
Spring 4 M.S. elective courses

*ECO 181 and ECO 182 are recommended as economics electives. They are independent of each other and can be taken in either order.

Refer to the Graduate School's policies and procedures manual for requirements for master's candidates.

Economics - B.A./M.B.A

Acceptance Criteria

Students must apply for and be accepted into the undergraduate economics major by the beginning of their second year of study, and should apply to the School of Management during their third year of study. The School of Management requires the GMAT as part of the application.

Advising Notes

Requires 150 credit hours for a BA/MBA degree: 90 credits at the undergraduate level, including the 41 credits required for an economics major and all university requirements, and 60 credits in the School of Management at the graduate level. Students must meet all of the requirements of each faculty, except for the reduction in total credit hours.

Students should consult the director of undergraduate studies in economics as early as possible in their decision-making process, in order to develop a sequence of coursework that is appropriate to their interests and objectives.

Prerequisite Courses

One of the following: MTH 121, MTH 131, MTH 141
Any two economics courses (ECO 181 and ECO 182 are highly recommended)

Required Courses

ECO 405 Microeconomic Theory
ECO 406 Topics in Microeconomics
ECO 407 Macroeconomic Theory
ECO 480 Econometrics I (may substitute MTH 411-MTH 412 or GEO 410-GEO 411 or EAS 305)
MGA 604 Financial Analysis and Reporting
MGB 601 Behavioral and Organizational Concepts for Management
MGE 601 Economics for Managers
MGF 631 Financial Management
MGT 601 (1/2 semester)
MGG 635 (1/2 semester)
MGQ 606 Probability and Statistics for Management
MGM 625 Marketing Management
MGO 630 Operations and Service Management
MGA 609
MGF 641 Strategic Management

Nine MBA electives**
Internship
11 undergraduate credits of economics electives at any level
Three additional 300/400-level economics electives, excluding ECO 495 and ECO 496
One of the following: MTH 122, MTH 142

Summary
Total required credit hours for the undergraduate portion: 41

See Baccalaureate Degree Requirements for general education and remaining university requirements.

Recommended Sequence of Program Requirements

FIRST YEAR
Fall ECO 181 or ECO 182*; one of the following: MTH 121, MTH 131, MTH 141
Spring ECO 181 or ECO 182*; one of the following: MTH 122, MTH 142

SECOND YEAR
Fall ECO 405; one lower-level economics elective course
Spring ECO 406, ECO 407

THIRD YEAR
Fall ECO 480; One upper-level economics elective course
Spring Two upper-level economics elective courses

FOURTH YEAR
Fall MGA 604, MGB 601, MGE 601, MGQ 606, MGF 631 (1/2 semester), MGT 601 (1/2 semester)
Spring MGM 625, MGS 630, MGA 609, MGO 641, MGF 631 (1/2 semester), MGG 635 (1/2 semester)

FIFTH YEAR
Fall Four M.B.A electives**, internship
Spring Five M.B.A electives**

*ECO 181 and ECO 182 are recommended as economics electives. They are independent of each other and can be taken in either order.

**A maximum of two of these electives may be taken from graduate courses offered by another department, such as the Economics department.

Contact the School of Management for elective options.

Refer to the School of Management's MBA handbook for requirements for MBA candidates.

Economics - Minor

Acceptance Criteria

Same as for major.

Prerequisite Courses

MTH 121 Survey of Calculus and its Applications I or MTH 131 Math Analysis for Management or MTH 141 College Calculus I or MTH 241 College Calculus III
Any two economics courses (ECO 181 and ECO 182 are highly recommended)

Required Courses

ECO 405 Microeconomic Theory
ECO 407 Macroeconomic Theory
ECO 480 Econometrics I (may substitute MTH 411-MTH 412 or GEO 410-GEO 411 or EAS 305)
A minimum of 6 additional credit hours of 300/400-level economics courses, excluding ECO 495, ECO 496, ECO 498, and ECO 499.
One of the following: MTH 122, MTH 142, MTH 306.

Note: The calculus sequence is a prerequisite for 300/400-level economics courses. It is recommended that students also take ECO 181 and ECO 182 before taking the 400-level economics courses.

Summary
Total required credit hours for the minor: 24

Updated: 13 Nov 2012 06:00:53 EST