Major Requirements
The department offers a BA and BS in economics.
General Major Requirements (10 courses, 40 credits)
-
EC-101 Principles of Microeconomics
Credits:
4.00
Description:
Introduction to the organization and operation of a market economy with a focus on how it allocates scarce resources; development of the economic way of thinking. The analysis of the theory of consumer demand and the profit-maximizing behavior of firms; examination of pricing and output decisions of firms under conditions of competition and imperfect competition in a global marketplace. Analysis of markets for labor and capital. Policy issues include price ceilings and floors, trade barriers, competition and monopoly. Required of all majors in Economics. Normally offered every semester.
Type:
Social Science,BSJ SOCIAL SCIENCE
-
EC-102 Principles of Macroeconomics
Credits:
4.00
Description:
This course provides an analysis of relationships among variables such as inflation, employment, economic growth, national income, and the supply of money. Heavy emphasis is placed on the role of government in setting both fiscal and monetary policy goals to achieve a stable economy. Balance of trade and exchange rates are examined to help provide an understanding of the global economy. Required of all majors and minors in Economics. Normally offered every semester.
Type:
Social Science,BSJ SOCIAL SCIENCE
-
STATS-250 Applied Statistics
Prerequisites:
MATH 130, MATH 134, MATH 146 OR MATH 165
Credits:
4.00
Description:
Application of statistical analysis to real-world business and economic problems. Topics include data presentation, descriptive statistics including measures of location and dispersion, introduction to probability, discrete and continuous random variables, probability distributions including binomial and normal distributions, sampling and sampling distributions, statistical inference including estimation and hypothesis testing, simple and multiple regression analysis. The use of computers is emphasized throughout the course. Normally offered each semester.
Type:
Quantitative Reasoning
-
STATS-350 Applied Statistical Methods
Prerequisites:
STATS 250
Credits:
4.00
Description:
This application-oriented course is designed to go beyond the topics covered in STATS 250. It includes topics like Analysis of Variance (ANOVA), special topics in regression analysis and index numbers. Further, time series data, which consist of values corresponding to different time intervals, are analyzed. The objective is to examine past time series values to forecast, or predict future values. Seasonal variations are also incorporated in the forecasts. The course will provide useful computer skills involving various statistical packages and is an excellent preparation for graduate work in business and social sciences.
Type:
Social Science
-
EC-311 Intermediate Micro Theory
Prerequisites:
EC 101 and EC 102
Credits:
4.00
Description:
Theory of consumer behavior and demand. Theory of production and costs of production. Theory of the firm, and price and output decisions in different market structures, i.e., under perfect competition, monopoly, monopolistic competition and oligopoly. Decisions relating to pricing and employment of various inputs (labor and capital) under perfectly competitive, and less than perfectly competitive, resource markets. Required of all majors in Economics. Normally offered every semester.
Type:
Social Science,BSJ SOCIAL SCIENCE
-
EC-312 Intermediate Macro Theory
Prerequisites:
EC-101 and EC-102
Credits:
4.00
Description:
This course covers the neoclassical and Keynesian models of aggregate economic activity. Coverage of the measurement of economic variables, such as aggregate income, the inflation rate, and the unemployment rate. Examines the behavior of the economy under conditions of price flexibility in the long run and price rigidity in the short run under rational and adaptive expectations. Analysis of the effect of changes in taxes and government expenditures, monetary policy and deficits on the economy. Coverage of the sources of economic growth. Required of all majors in Economics. Normally offered every semester.
Type:
Social Science,BSJ SOCIAL SCIENCE
-
EC-490 Senior Seminar in Economics
Prerequisites:
Senior Standing; Or permission of Undergraduate Director.
Credits:
4.00
Description:
This is a required course for all students majoring in economics, to be taken in the spring semester of their senior year. Students are required to develop an economic thesis project in consultation with the professor for the course and to present it to the class.
Type:
BSJ SOCIAL SCIENCE,Social Science
Major in International Economics
The Department of Economics offers jointly, with the Department of World Languages and Cultural Studies, the BA and BS in International Economics.
Minor Requirements
Course requirements for the minor in economics are as follows:
Required Courses (6 courses, 24 credits)
-
EC-101 Principles of Microeconomics
Credits:
4.00
Description:
Introduction to the organization and operation of a market economy with a focus on how it allocates scarce resources; development of the economic way of thinking. The analysis of the theory of consumer demand and the profit-maximizing behavior of firms; examination of pricing and output decisions of firms under conditions of competition and imperfect competition in a global marketplace. Analysis of markets for labor and capital. Policy issues include price ceilings and floors, trade barriers, competition and monopoly. Required of all majors in Economics. Normally offered every semester.
Type:
Social Science,BSJ SOCIAL SCIENCE
-
EC-102 Principles of Macroeconomics
Credits:
4.00
Description:
This course provides an analysis of relationships among variables such as inflation, employment, economic growth, national income, and the supply of money. Heavy emphasis is placed on the role of government in setting both fiscal and monetary policy goals to achieve a stable economy. Balance of trade and exchange rates are examined to help provide an understanding of the global economy. Required of all majors and minors in Economics. Normally offered every semester.
Type:
Social Science,BSJ SOCIAL SCIENCE
-
STATS-250 Applied Statistics
Prerequisites:
MATH 130, MATH 134, MATH 146 OR MATH 165
Credits:
4.00
Description:
Application of statistical analysis to real-world business and economic problems. Topics include data presentation, descriptive statistics including measures of location and dispersion, introduction to probability, discrete and continuous random variables, probability distributions including binomial and normal distributions, sampling and sampling distributions, statistical inference including estimation and hypothesis testing, simple and multiple regression analysis. The use of computers is emphasized throughout the course. Normally offered each semester.
Type:
Quantitative Reasoning
-
EC-311 Intermediate Micro Theory
Prerequisites:
EC 101 and EC 102
Credits:
4.00
Description:
Theory of consumer behavior and demand. Theory of production and costs of production. Theory of the firm, and price and output decisions in different market structures, i.e., under perfect competition, monopoly, monopolistic competition and oligopoly. Decisions relating to pricing and employment of various inputs (labor and capital) under perfectly competitive, and less than perfectly competitive, resource markets. Required of all majors in Economics. Normally offered every semester.
Type:
Social Science,BSJ SOCIAL SCIENCE
-
EC-312 Intermediate Macro Theory
Prerequisites:
EC-101 and EC-102
Credits:
4.00
Description:
This course covers the neoclassical and Keynesian models of aggregate economic activity. Coverage of the measurement of economic variables, such as aggregate income, the inflation rate, and the unemployment rate. Examines the behavior of the economy under conditions of price flexibility in the long run and price rigidity in the short run under rational and adaptive expectations. Analysis of the effect of changes in taxes and government expenditures, monetary policy and deficits on the economy. Coverage of the sources of economic growth. Required of all majors in Economics. Normally offered every semester.
Type:
Social Science,BSJ SOCIAL SCIENCE
Joint Bachelor's/Master's Degree
This program provides an accelerated path for undergraduate economics majors to obtain a Master’s degree in Economics. Students would be allowed to take up to two master-level courses in their senior year. For each of these graduate courses taken, the student’s undergraduate total credit requirement will be reduced by four credits.
Undergraduate students at Suffolk University, majoring in Economics (BS or BA) or International Economics (BS or BA), can apply for this joint degree program. Applicants must have completed the first semester of their junior year at Suffolk University with an overall GPA of 3.0 or higher and a GPA of 3.3 or higher in at least three economics major courses taken at Suffolk. Application deadline is June 15th of the junior year. However, students may apply until November 1st of the senior year if they want to enroll for graduate courses in the second semester of their senior year.
Each student admitted to this joint degree program must meet all the requirements of one of the undergraduate degree programs (BS in Economics, BA in Economics, BS in International Economics, or BA in International Economics). In addition, the student must meet all the requirements of one of the master’s degree programs (MSIE or MSE). Upon successful completion of all of the degree requirements, a student will be conferred one joint degree.
A student may permanently exit the joint degree program and opt to graduate with a bachelor’s degree if all the requirements of a bachelor’s degree are met, in which case each of the two graduate courses taken in the senior year would be counted as a four-credit course.
International Economics Major Requirements
Major Requirements
The BS in International Economics (9 courses, 36 credits)
Students who wish to acquire a strong background in economics should choose the BS, which emphasizes economic decision making within a global environment. The requirements for the BS in International Economics are as follows:
General Major Requirements (8 courses, 32 credits)
-
EC-101 Principles of Microeconomics
Credits:
4.00
Description:
Introduction to the organization and operation of a market economy with a focus on how it allocates scarce resources; development of the economic way of thinking. The analysis of the theory of consumer demand and the profit-maximizing behavior of firms; examination of pricing and output decisions of firms under conditions of competition and imperfect competition in a global marketplace. Analysis of markets for labor and capital. Policy issues include price ceilings and floors, trade barriers, competition and monopoly. Required of all majors in Economics. Normally offered every semester.
Type:
Social Science,BSJ SOCIAL SCIENCE
-
EC-102 Principles of Macroeconomics
Credits:
4.00
Description:
This course provides an analysis of relationships among variables such as inflation, employment, economic growth, national income, and the supply of money. Heavy emphasis is placed on the role of government in setting both fiscal and monetary policy goals to achieve a stable economy. Balance of trade and exchange rates are examined to help provide an understanding of the global economy. Required of all majors and minors in Economics. Normally offered every semester.
Type:
Social Science,BSJ SOCIAL SCIENCE
-
STATS-250 Applied Statistics
Prerequisites:
MATH 130, MATH 134, MATH 146 OR MATH 165
Credits:
4.00
Description:
Application of statistical analysis to real-world business and economic problems. Topics include data presentation, descriptive statistics including measures of location and dispersion, introduction to probability, discrete and continuous random variables, probability distributions including binomial and normal distributions, sampling and sampling distributions, statistical inference including estimation and hypothesis testing, simple and multiple regression analysis. The use of computers is emphasized throughout the course. Normally offered each semester.
Type:
Quantitative Reasoning
-
STATS-350 Applied Statistical Methods
Prerequisites:
STATS 250
Credits:
4.00
Description:
This application-oriented course is designed to go beyond the topics covered in STATS 250. It includes topics like Analysis of Variance (ANOVA), special topics in regression analysis and index numbers. Further, time series data, which consist of values corresponding to different time intervals, are analyzed. The objective is to examine past time series values to forecast, or predict future values. Seasonal variations are also incorporated in the forecasts. The course will provide useful computer skills involving various statistical packages and is an excellent preparation for graduate work in business and social sciences.
Type:
Social Science
-
EC-430 Intl Trade Theory & Policy
Prerequisites:
EC 101 and EC 102
Credits:
4.00
Description:
This course examines theories of international trade. The policy implications of each theory are explored and the effect of trade on the welfare of the nation is examined. Also the development of trade blocs and the the political economy of trade are studied. Normally offered every year.
Type:
Social Science,Asian Studies,BSJ SOCIAL SCIENCE
-
EC-442 International Monetary Economics
Prerequisites:
EC 101 and EC 102
Credits:
4.00
Description:
The balance of payments and foreign exchange markets and instruments, and the determination of exchange rates. Balance-of-payments adjustments under alternative exchange-rate systems, international liquidity, international economics policy and open economy macroeconomics.
Type:
Social Science,BSJ SOCIAL SCIENCE
Electives (1 course, 4 credits)
The BA in International Economics (11 courses, 44 credits)
Students who wish to acquire a broad liberal arts preparation with a strong emphasis on languages and cultures should choose the BA. Students choosing the BA take five courses in French or Spanish or German. Those who enter the program with considerable foreign language experience will be required to take alternative courses as determined by advisor. The requirements for the BA in International Economics are as follows:
General Major Requirements (6 courses, 24 credits)
-
EC-101 Principles of Microeconomics
Credits:
4.00
Description:
Introduction to the organization and operation of a market economy with a focus on how it allocates scarce resources; development of the economic way of thinking. The analysis of the theory of consumer demand and the profit-maximizing behavior of firms; examination of pricing and output decisions of firms under conditions of competition and imperfect competition in a global marketplace. Analysis of markets for labor and capital. Policy issues include price ceilings and floors, trade barriers, competition and monopoly. Required of all majors in Economics. Normally offered every semester.
Type:
Social Science,BSJ SOCIAL SCIENCE
-
EC-102 Principles of Macroeconomics
Credits:
4.00
Description:
This course provides an analysis of relationships among variables such as inflation, employment, economic growth, national income, and the supply of money. Heavy emphasis is placed on the role of government in setting both fiscal and monetary policy goals to achieve a stable economy. Balance of trade and exchange rates are examined to help provide an understanding of the global economy. Required of all majors and minors in Economics. Normally offered every semester.
Type:
Social Science,BSJ SOCIAL SCIENCE
-
EC-430 Intl Trade Theory & Policy
Prerequisites:
EC 101 and EC 102
Credits:
4.00
Description:
This course examines theories of international trade. The policy implications of each theory are explored and the effect of trade on the welfare of the nation is examined. Also the development of trade blocs and the the political economy of trade are studied. Normally offered every year.
Type:
Social Science,Asian Studies,BSJ SOCIAL SCIENCE
-
EC-442 International Monetary Economics
Prerequisites:
EC 101 and EC 102
Credits:
4.00
Description:
The balance of payments and foreign exchange markets and instruments, and the determination of exchange rates. Balance-of-payments adjustments under alternative exchange-rate systems, international liquidity, international economics policy and open economy macroeconomics.
Type:
Social Science,BSJ SOCIAL SCIENCE
-
STATS-250 Applied Statistics
Prerequisites:
MATH 130, MATH 134, MATH 146 OR MATH 165
Credits:
4.00
Description:
Application of statistical analysis to real-world business and economic problems. Topics include data presentation, descriptive statistics including measures of location and dispersion, introduction to probability, discrete and continuous random variables, probability distributions including binomial and normal distributions, sampling and sampling distributions, statistical inference including estimation and hypothesis testing, simple and multiple regression analysis. The use of computers is emphasized throughout the course. Normally offered each semester.
Type:
Quantitative Reasoning
World Language Requirement (5 courses, 20 credits)
5 Courses
Honors
Graduating majors in economics with at least a 3.5 average in their economics courses receive a certificate of honors in economics.
