NOTE: EFFECTIVE FALL 2014, THE ECONOMICS MAJOR IS THE ONLY UNDERGRADUATE MAJOR OFFERED BY THE ECONOMICS DEPARTMENT. ECONOMICS MAJOR REQUIREMENTS MAY BE FOUND HERE. CONSIDERATION FOR LIMITED ACCESS ADMISSION TO THE APPLIED ECONOMICS MAJOR IS NOT AVAILABLE AFTER 22 AUGUST 2014. CURRENTLY ACTIVE STUDENTS (ENROLLED AT FSU IN THE SPRING OR SUMMER 2014 SEMESTERS) ADMITTED TO THE APPLIED ECONOMICS MAJOR PRIOR TO 22 AUGUST 2014 MAY FOLLOW THE MAJOR REQUIREMENTS STATED BELOW. TO REMAIN IN THE MAJOR, SUCH STUDENTS MUST STAY ON TRACK WITH ACADEMIC MAPPING MILESTONES AND MAINTAIN ACTIVE STUDENT STATUS AT FSU.
These requirements apply to students entering the University in Fall 2002 or later. Students majoring in Applied Economics must also satisfy the University degree requirements for graduation. Students should ensure that their academic schedules allow them to satisfy the milestones shown on the Applied Economics Academic MAP.
The Applied Economics major is a limited access program. Admission to the major requires completion of at least 52 credit hours of college courses with a cumulative GPA of 2.50 or better, including ECO 2013, Principles of Macroeconomics, with a grade of C or better (C- is not acceptable) and ECO 2023, Principles of Microeconomics, with a grade of C or better (C- is not acceptable). The major in Applied Economics requires 39 hours of course work, including 12 hours of supporting coursework in other departments, plus completion of a minor in a discipline related to economics or a second major.
Students intending full-time employment immediately after receipt of the baccalaureate degree are encouraged to choose the Applied Economics major. Students who are more interested in a problem-solving approach to economics may also prefer the Applied Economics major. Students majoring in Applied Economics may not declare Economics as a second major nor may they minor in Economics. However, they may obtain the equivalent of a major in Economics by including ECO 4101, Intermediate Microeconomic Theory; ECO 4203, Intermediate Macroeconomic Theory; and ECO 4421, Introduction to Econometrics, among their electives.
Students must earn a C- or better in all economics courses and supporting courses used to satisfy major requirements (C or better in ECO 2013 and ECO 2023) and maintain an overall GPA of 2.00 in economics and supporting courses.
The Applied Economics major requires completion of the following courses:
To be completed before declaring major. A total of 6 credit hours.
- ECO 2013 Principles of Macroeconomics (Grade of C or better)
- ECO 2023 Principles of Microeconomics (Grade of C or better)
For a total of 9 credit hours, at least one (1) per term until all are completed.
- ECO 3223 Financial Markets, the Banking System and Monetary Policy
- ECO 3104 Applied Microeconomic Analysis [Statistics is prerequisite]
- ECO 4431 Analysis of Economic Data [Statistics is prerequisite]
For a total of 12 credit hours.
- One of the following mathematics courses: MAC 1105, MAC 1140, MAC 1147, MAC 2233, or MAC 2311. Calculus is recommended.
- ACG 2021 Introduction to Financial Accounting
- Any one of the following statistics courses:
- STA 2122 Introduction to Applied Statistics (recommended), or
- STA 4321 Introduction to Mathematical Statistics (recommended), or
- STA 2023 Fundamental Business Statistics.
- One of the following:
- ACG 2071 Introduction to Managerial Accounting, or
- FIN 3403 Financial Management of the Firm
Economics Elective Courses
Completion of an additional 12 hours of upper division economics elective courses with prefixes ECO, ECP, or ECS. Applied Economics majors are encouraged to seek an internship placement. (See Internship for more information.) A maximum of 6 hours of internship credit (ECO4941) may be used to satisfy the minimum 120 hours required for a degree, but only 3 hours of credit in internship courses may be used to satisfy the elective requirements for the Applied Economics major.
Minor or Second Major
Students majoring in Applied Economics must also complete a minor in a field related to economics or a second major. (Other minors may be approved at the discretion of the Undergraduate Director.) The requirements for a minor are determined by the department in which the minor is taken. Minors typically require 12-18 hours of credit.
Currently approved minors are business, entrepreneurship, mathematics, statistics, computer science, history, psychology, and any of the minors available in the College of Social Sciences. All other intended minors must be approved in advance on a case-by-case basis by the Director of Undergraduate Studies. A student desiring an alternative minor must justify it on the basis of future educational or career objectives.
Students majoring in Applied Economics must satisfy the University's computer competency requirement by completing ECO 4431 with a grade of C- or better. To earn a grade of C- or better in the course, students must earn a C- or better on the required computer competency component regardless of their grades on other components of the course.