Applied Economics Major Requirements

Requirements for the Applied Economics Major

Thirty-nine (39) credits, to include

ECON 201 – Principles of Macroeconomics
ECON 202 – Principles of Microeconomics
ECON 300 – Introduction to Economic Analysis
ECON 302 – Managerial Economics
ECON 303 – Microeconomics
ECON 375 – American Economic History
ECON 460 – Advanced Managerial Economics
ECON 490 – Experiential Learning Courses

Either STAT 180 – Introduction to Statistics or ECON 361 –Introductory Econometrics

twelve (12) additional credits in upper-level economics or business  courses (e.g. Acct 101*, Acct 102*, Buad 105*). However, a minimum of 3 credits of economics.

*Typical pre-business courses (up to 18 hours)

Economics 490: Experiential Learning Courses
This course is required for Economics and Applied Economics majors starting Fall 2020.

ECON 490 – Experiential Learning (3 hours credit)
Prerequisites: ECON 201 and ECON 202 and permission of the instructor. A faculty supervised experience designed to challenge students to go outside the bounds of the typical classroom

ECON 490 B Fed Challenge (FALL)
Fed Challenge is an annual speaking competition sponsored by the Federal Reserve Bank of Richmond. A teams of students will research and present their recommendation for monetary policy. The presentations from teams from various universities around the state are judged by academic and Federal Reserve economists.

ECON 490 D Social Good Lab (FALL)
The social good lab is a hands-on, team-based experiential learning course. It is structured around the “Design Sprint” framework as pioneered by Google Ventures. Student teams design and build a prototype solution to a client’s specific problem. The lab culminates in student teams testing and receiving live feedback on their prototypes from customers. The course gives students the opportunity to apply design thinking to a real world problem.

ECON 490 C How to Change the World (SPRING)
How to change the world is a social good incubator. It is designed for students who imagine their future selves as investigative journalists, public interest lawyers, teachers, politicians (at all levels of government), artists, activists, grassroots movement mobilizers, community organizers, religious leaders, thought leaders, civil servants, documentarians, social enterprise owners, and non-profit founders.

ECON 490 E Independent Research (SPRING)
Students will expand and refine their research from a previous course (e.g. ECON 300 or ECON 361) for presentation at a research conference. Students will prepare proposals for conference presentations and for undergraduate research grants to attend professional conferences, for example the Federal Reserve Bank of Dallas Economic Scholars program, the Eastern Economics Association conference, and UMW Research and Creativity day. The course will focus on preparation of research presentations.

ECON 490 F Career Development (FALL/SPRING/SUMMER)
Students will investigate careers in economics, create a professional development plan, and learn career and job search skills. This course includes an internship or externship experience scheduled outside class times. Contact instructor for more information including options regarding internship/externship.

Effective as of FALL 2020, please contact your adviser or department chair for more information.