Note: Although the Economics major is an option for the Bachelor of Arts degree within the College of Arts & Sciences, the Economics Department is housed within the College of Business and Public Administration.
The economics program offers the opportunity to study prices, markets, and incentives (microeconomics) and economic growth and business cycles (macroeconomics).
The economics major provides preparation both for students planning to enter the world of work directly after Drake and for students planning to attend professional or graduate school. The B.S.B.A program prepares students well for the job market. Both the B.A. and the B.S.B.A. programs prepare students well for professional study in law, business, or public administration because economics is an important analytical tool used in these professions. Students interested in graduate study in economics or a closely-related field (finance, public policy, international relations) will need more math and statistics than the regular economics major provides and should consider the quantitative economics major.
The economics major requires 30 credits of economics, 3 credits of mathematics, and 6 credits of statistics.
All candidates for an economics major must complete the following courses:
All candidates must also satisfy the requirements of the Drake Curriculum and complete nine additional hours outside the College of Business and Public Administration. The Economics Faculty particularly recommend advanced courses in history, sociology, philosophy, and political science.
In addition to the requirements above, B.S.B.A candidates must complete the required business core curriculum, including BUS 195 as the Capstone.
The economics minor requires 18 credits of economics and 3 credits of mathematics.
Candidates for the minor in economics must complete the following courses:
It is recommended that candidates for the minor complete both ECON 173 and ECON 174. The second course counts toward the three additional 100-level courses.
A joint major in Economics and a business subject is available to students in the College of Business and Public Administration. The requirements for the joint major are the same as the regular Economics major except that only two additional courses numbered 100 or above are required.