These requirements apply to students entering the University in Fall 2014 or later. Students majoring in Economics must also satisfy the University's degree requirements for graduation. Students should ensure that their academic schedules allow them to satisfy the milestones shown on the Economics Academic MAP.

The 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 Economics requires 39 hours of course work, including 6 hours of supporting coursework in other departments, plus completion of a minor in a field related to economics or a second major.

Effective Fall 2014, the Economics major is the only undergraduate major offered by the Economics Department. Consideration for limited access admission to the Applied Economics major is not available after 22 August 2014. Major requirements for students admitted to the Applied Economics major prior to that date may be found here.

Effective Fall 2016, A student who has received more than two (2) unsatisfactory grades (U, F, D, D-, D+) in the following courses, taken at Florida State University, or elsewhere, including repeated unsatisfactory grades in the same course, will not be permitted to graduate with a degree offered by the Department of Economics: ECO 2103, ECO 2023, MAC 1105, MAC 1114, MAC 1140, MAC 2311, MAC 2233, STA 2023, SAT 2122, STA 4321.

A student who has received more than four (4) unsatisfactory grades (U, F, D–, D, D+) total in economics or mathematics or statistics courses (and their prerequisites) required for any major offered by the Department of Economics, taken at Florida State University or elsewhere, including repeated unsatisfactory grades in the same required course, will not be permitted to graduate with a degree in that major.

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 Economics major requires completion of the following courses:

Principles

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)

Core Courses

For a total of 12 credit hours, at least one (1) per term until all are completed.

  • ECO 3101 Intermediate Microeconomic Theory
  • ECO 3203 Intermediate Macroeconomic Theory
  • ECO 3431 Analysis of Economic Data
  • ECO 4421 Introduction to Econometrics [Statistics and ECO3431 are prerequisites]

Prior to Fall 2014, ECO 3101, ECO 3203, and ECO 3431 were numbered ECO 4101, ECO 4203, and ECO 4431, respectively.


Supporting Courses

For a total of 6 credit hours.

  • One of the following mathematics courses: MAC 1105, MAC 1140, MAC 1147, MAC 2233, or MAC 2311. Calculus is recommended (MAC2233 or MAC 2311).
  • 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.

Economics Elective Courses

Completion of an additional 15 hours of upper division economics elective courses with prefixes ECO, ECP, or ECS, including at least two courses chosen from a single subject area within economics.

Currently available subject areas are:

Resource & Environmental Economics ECP 3302, ECP 4312, ECP 3113
International Economics ECO 4704, ECO 4713, ECS 3200
Business Organization and Regulation ECP 3403, ECP 4530, ECP 4413, ECP 3617
Public Sector Economics ECO 4504, ECO 4532, ECO 4554, ECP 4003, ECP 4613
Economic Theory ECO3054, ECO 4400, ECO 4401, ECO4450, ECO 4455, ECO 4106
Applied Economics ECO 3104, ECO 3223, ECO3041 (Fall 2018 and later)
Law and Economics ECP 3451, ECP 4413, ECP 4505, ECS 3600, ECP 4452
Markets and Institutions ECO 3004, ECO 3622, ECO 4504, ECP 3451, ECS 3600, ECO 3130, ECO 3131, ECO3303, ECO4132
Growth, Development, & Developing Economies ECO 3622, ECO 4270, ECS 3200, ECS 4013, ECS 4431, ECS 4504

ECO 3933 (Special Topics) can sometimes be counted toward an appropriate subject area with approval of the Undergraduate Director.

Alternatives to the subject areas currently offered require prior approval of the undergraduate director. Alternative subject areas will not be approved after the fact, and failure to satisfy the subject area requirement will result in delayed graduation even if all other requirements for graduation have been met.

Students may substitute a completed specialized studies program in Applied Economics or Advanced Economic Analysis in place of the 15 hours of Economics electives and subject area requirement. Applications and requirements for the specialized studies programs are found here


Minor or Second Major

Students majoring in 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. Requirements for all minors available at FSU are posted to the Academic Guide.


Computer Competency

Students majoring in Economics must satisfy the University's computer competency requirement by completing ECO 3431 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.


Pre-Fall 2014 Requirements

Currently active students (enrolled at FSU in the Spring 2014 or Summer 2014 semesters) in catalog years prior to Fall 2014 may continue to follow the major requirements listed in their edition of the Undergraduate Bulletin. Students should consult a department advisor with questions about catalog years or prior requirements. If more than six years has elapsed between the last active term of enrollment at FSU and the term of readmission, students readmitted in Fall 2014 or later will be subject to the economics major requirements in effect at the time of readmission.