StudyQA — Bachelor: Economics — Indiana University at Bloomington

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Description Contents Requirements Funding

The BA major in Economics provides excellent preparation for graduate and professional school, including law school, and for rewarding careers in consulting, finance, and other private and public sector employment. Specific courses in microeconomic theory, macroeconomic theory, statistics, and mathematical modeling provide students with the tools to analyze and guide the decisions of business firms, consumers, and public-policy makers in a variety of market settings. Elective courses add breadth and depth to students' understanding of the basic tools of economic analysis by focusing on their application within specific subfields.

Economics focuses on providing an understanding of how individuals and societies manage their scarce resources people must decide how much they work, what they buy, how much they save, and how they use their leisure time. Most societies use decentralized markets as the primary means of allocating resources, so economics gives students insight into how markets function in coordinating the activities of many diverse buyers and sellers. Economics also analyzes the trends and forces that affect the economy as a whole, including growth in average income, the portion of the labor force that cannot find work, and the rate at which prices are rising or falling.

Introductory Economics. Complete both:
- ECON-E 201 Introduction to Microeconomics
- ECON-E 202 Introduction to Macroeconomics
Mathematics. Complete both:
1. MATH-M 118 Finite Mathematics
2. One of the following:
  - MATH-M 119 Brief Survey of Calculus
  - MATH-M 211 Calculus I
  - MATH-M 213 Accelerated Calculus
Intermediate Economic Theory. Complete both:
- ECON-E 321 Intermediate Microeconomic Theory
- ECON-E 322 Intermediate Macroeconomic Theory
Statistics.
- ECON-E 370 Statistical Analysis for Business and Economics
Econometrics. Complete one (1) course selected from the following:
- ECON-E 371 Introduction to Applied Econometrics
- ECON-E 471 Econometric Theory and Practice I
Advanced Elective.
- Complete one (1) additional course at the 300–400 level, excluding ECON-E 496 and X373
Concentration or Additional Advanced Courses. Complete one (1) of the following options, taking all courses in residence on the Bloomington campus:
1. An Economics Concentration (see requirements below)
2. Three (3) courses (beyond those completed for requirements 3–6 above) above ECON-E 322, excluding ECON-E 496 and X373

Economics Concentrations

Students may elect to complete up to two 9-credit-hour areas of concentration listed below, which they must declare through an Economics academic advisor. Any course in which the student earns a grade below C– may not be used to fulfill a concentration requirement. The grade point average of all courses taken in the concentration must be at least 2.000. Completing an area of concentration becomes part of the official transcript of the student and allows students to develop additional expertise in specific areas of Economics.

Financial and Monetary Economics

Complete three (3) courses selected from the following:

ECON-E 332 International Monetary Economics
ECON-E 337 Economic Development
ECON-E 390 Undergraduate Seminar in Economics ("Computational Methods in Macroeconomics" topic only)
ECON-E 425 Financial Economics

International and Development Economics

Complete three (3) courses selected from the following:

ECON-E 331 International Trade
ECON-E 332 International Monetary Economics
ECON-E 337 Economic Development
ECON-E 386 Soviet-Type Economies in Transition
ECON-E 390 Undergraduate Seminar in Economics ("Economic Growth" topic only)
ECON-E 390 Undergraduate Seminar in Economics ("International Trade" topic only)

Economics of the Public Sector and Labor Markets

Complete three (3) courses selected from the following:

ECON-E 341 Economics of Labor Markets
ECON-E 351 Law and Economics
ECON-E 361 Public Finance: Government Spending
ECON-E 362 Public Finance: Taxation

Strategic Interaction

Complete three (3) courses selected from the following:

ECON-E 327 Game Theory
ECON-E 351 Law and Economics
ECON-E 385 Economics of Industry
ECON-E 427 Seminar in Experimental Economics

Requirements

Your cumulative GPA, as well as the grades you have earned in the 34 courses required for admission, will be an important part of the application review process. Our students have the equivalent of a B average or higher in secondary school.
IU requires either SAT or ACT scores. Preference will be given to international students who score above the U.S. national average. The middle 50 percent range of SAT scores for admitted freshmen is typically 1180–1360, and the middle 50 percent range of ACT scores is typically 25–31.
Attest o srednem (polnom) obchshem obrazovanii (Certificate of [Complete] General Secondary Education) (or its equivalent) following the completion of 11–12 years of secondary school. Attestat (Аттестат) certificate and Tabel (Табель).
An Akademicheskaya spravka (Академическая справка) for any university work pursued which was not completed.
Undergraduate applicants can meet our English proficiency requirement for admission by attaining the necessary score on any one of the following tests:TOEFL (internet-based test) 79, TOEFL (paper-based test) 550, International English Language Testing System (IELTS) 6.5.