University at Albany
 

The B.S. Program

The Undergraduate Bulletin sets out the requirements for earning a bachelor's degree from Albany. As a student, you are responsible for knowing the various rules and regulations in the Bulletin, and you should consult it as necessary. You will find that your DARS Degree Audit is a very helpful tool for assessing your progress toward meeting the requirements.

The following information extracts and rephrases many of the requirements in the Bulletin as they pertain to Economics majors.

Admission to the Major

Completion of both Eco 110 and 111 with grades of C or better is required for admission to the major.

Requirements for the Economics Major ‚Ä?B.A. degree

  • A minimum of 40 credits for the major, including:
    • Eco 110 Principles of Economics I: Microeconomics
    • Eco 111 Principles of Economics II: Macroeconomics
    • Mat 111 (Algebra and Calculus II), or 112 (Calculus I), or 118 (Honors Calculus I)
    • Mat 113 (Calculus II) or 119 (Honors Calculus II), or Eco 410 (Mathematics for Economists)
    • Eco 300 Intermediate Microeconomics
    • Eco 301 Intermediate Macroeconomics
    • Eco 320 Economic Statistics
    • Eco 420 or 420Z Applied Econometrics
    • Five additional courses (15 credits) in economics at the 300 level or above, including at least 6 additional credits from among Eco 400‚Ä?89 or 499Z.
  • The core courses Eco 300, 301, 320 and 420 or 420Z must be taken at the University unless completed elsewhere prior to matriculation.
  • At least 6 credits among the additional credits specified at the 400 level must be taken at the University unless completed elsewhere prior to matriculation.
  • A minor (or second major) in any field.
  • At least 60 credits in liberal arts and sciences courses; at least 120 credits overall.
  • General Education, residency, and all other University-wide requirements.

Course Sequencing in the B.S. degree

  1. 1. Principles of Economics Courses: Eco 110 (Micro) must be taken before Eco 111 (Macro), because of the way course material is sequenced at Albany. Eco 110 is a prerequisite for Eco 111 in the Bulletin.
  2. 2. Mathematics Requirements: Mat 111, 112, or 118, plus Mat 113 or 119 or Eco 410.) The necessary courses, at least to the B.A. level, should be taken before the Junior year because Eco 300, 301, and 320 demand this as a prerequisite.
    • Students who do not have a precalculus background and who need course-based coverage of this material are advised to take Mat¬†101 and 111 (Algebra and Calculus, I&II), The Mat¬†101/111 sequence integrates precalculus and Calculus¬†I, and it prepares students to take Mat¬†113.
    • Students who have a precalculus background also should take Mat¬†112 (Calculus¬†I) or Mat¬†118 (Honors Calculus¬†I) followed by Mat¬†113 (Calculus¬†II) or Mat¬†119 (Honors Calculus¬†II) or Eco¬†410 (Mathematics for Economists).
    • When offered, Eco¬†210 (Tools of Economics) is open by special permission only.
  3. 3.Upper-Level Required Courses: The required core courses are Eco 300, 301, 320 and Eco420. Eco 300, 301, and 320 should be taken in the junior year or before. All three of these courses have one semester of calculus as a prerequisite.
    • Eco¬†300 (Intermediate Microeconomics) should be taken as soon as possible after the calculus prerequisite is fulfilled, because it is useful for many other courses in Economics even when it is not required.
    • Eco¬†301 (Intermediate Macroeconomics) should be taken after Eco¬†300, because the study of macroeconomics demands a good background in microeconomics.
    • Eco¬†320 (Economic Statistics) can be taken in any order relative to Eco¬†300 and 301.
    • Eco 420 (Applied Econometrics), must be taken after Eco¬†320.
    Note:The core courses must be taken at the University unless completed elsewhere prior to matriculation.
  4. 4.Upper-Level Elective Courses:All courses at the 300 and 400 levels have Eco 110 and 111 as prerequisites, either directly or indirectly. The selection of courses at this level calls for a sequencing of courses based on the additional prerequisites that courses have and on academic interests.

The B.A. and B.S. programs have different elective-course requirements, and some 400-level courses for the B.S. program must be taken at the University unless completed elsewhere prior to matriculation.

Some 300-level courses require Eco 300 (Intermediate Microeconomics) as a prerequisite, and all 400-level courses have 300-level prerequisites. See the Economics Courses and Prerequisites list or the descriptions of Economics courses in the Undergraduate Bulletin.

Selecting Upper-Level Electives

Students may choose to focus their study in a few areas of specialization or to take courses in a wide variety of areas¬†‚Ä?this depends on their academic and career interests. The following lists suggest courses that are appropriate for different areas. (Not all upper level electives are shown here, and some courses appear in more than one area. In addition to the prerequisites shown, all these courses require Eco¬†110 and 111.)

Business and Management:

  • Eco 370¬† Economics of Labor
  • Eco 383¬† Economics of Law (prereq: 300)
  • Eco 474¬† Industrial Organization (prereq: 300)
  • Eco 475¬† Managerial Economics (prereq: 300 and 320)

Finance and Macroeconomics:

  • Eco 350¬† Money and Banking
  • Eco 351¬† Theory of Interest (prereq: Mat 113 or 119)
  • Eco 401¬† Macroeconomic Modeling, Forecasting ... (prereq: 300, 301, 320)
  • Eco 446¬† International Finance (prereq: 301)
  • Eco 466¬† Financial Economics (prereq: 301 or 350)

International Economics:

  • Eco 330¬† Economics of Development
  • Eco 360¬† International Economic Relations
  • Eco 361¬† Development of the Latin American Economy
  • Eco 362¬† Economies of Japan and Korea
  • Eco 445¬† International Trade (prereq: 300 and 301)
  • Eco 446¬† International Finance (prereq: 301)

Government and the Economy:

  • Eco 341¬† Urban Economics
  • Eco 355¬† Public Finance
  • Eco 356¬† State and Local Finance
  • Eco 383¬† Economics of Law (prereq: 300)
  • Eco 385¬† Environmental Economics
  • Eco 455¬† Public Microeconomics (prereq: 300 and 355)

Social Welfare:

  • Eco 341¬† Urban Economics
  • Eco 355¬† Public Finance
  • Eco 370¬† Economics of Labor
  • Eco 371¬† The Distribution of Income and Wealth (prereq: 300)
  • Eco 381¬† Economics of Health Care (prereq: 300)
  • Eco 383¬† Economics of Law (prereq: 300)
  • Eco 385¬† Environmental Economics

Quantitative Analysis:

  • Eco 351¬† Theory of Interest (prereq: Mat 113 or 119)
  • Eco 401¬† Macroeconomic Modeling, Forecasting ... (prereq: 300, 301, 320)
  • Eco 405¬† Game Theory (prereq: 300 and 320)
  • Eco 410¬† Math for Economists (prereq: 300 and 301)
  • Eco 420¬† Applied Econometrics (prereq: 320)
  • Eco 427¬† Computer Applications in Economics (prereq: 320)

Sample B.S. program

Example of Course Sequence for the B.S. Program in Economics, with option for the Economics Honors Program

Year Fall Semester Spring Semester
Freshman Principles of Microeconomics (Eco 110)**
General Education course**
General Education course**
General Education course**
Unrestricted Elective or Mat 101 (if no precalculus background)
Principles of Macoreconomics (Eco 111)**
General Education course**
General Education course**
General Education course**
Calculus I or equivalent (Mat 111, 112, or 118)
Sophomore Intermediate Microeconomics (Eco 300)
Minor Elective
General Education course**
Unrestricted Elective
Calculus II (Mat 113 or 119) or Unrestricted Elective***
Intermediate Macroeconomics (Eco 301)
Minor Elective
General Education course**
General Education course**
Unrestricted Elective
Junior Economic Statistics (Eco 320)
Minor Elective
General Education course**
Unrestricted Elective
Mathematics for Economists (Eco 410) or Unrestricted Elective***
Applied Econometrics (Eco 420)
Economics Major Elective*
Minor Elective
Unrestricted Elective Unrestricted Elective
Senior Honors Seminar (Eco 499Z) or Advanced Economics Elective*
Economics Elective* Minor
Elective
Unrestricted Elective Unrestricted Elective
Advanced Economics Elective*
Economics Elective* Minor
Elective
Unrestricted Elective Unrestricted Elective

* Economics elective at the 300-level or above. An advanced elective is 400-level or above.
** General Education requirements shown here as Eco 110, Eco 111, calculus, plus 10 other courses. More may be needed.
***Mat 113 or 119 should be taken by students with a minor or second major in Mathematics. Eco 410 is an alternative to Mat 113 for the Economics B.S.

Honors Program

The honors program in Economics is designed to provide capable and motivated students with a greater understanding of economics and to better prepare them for graduate and professional schools. The key feature of the program is the senior honors thesis, which is completed while the student is enrolled in the Senior Honors Research Seminar. Interested students should see the Director of Undergraduate Studies.

Economics Internship

The Economics Internship (Eco 496) provides an opportunity to gain experience in a career setting in the private, non-profit, or public sector. Students can use this to explore a possible career path and to enhance their own job search.

Taken as a 3-credit course, the internship requires 150 hours of sponsored activity plus several reading and writing assignments. This internship is available only for Economics majors with senior class standing and an overall GPA of 2.50 or higher.