The Bachelor of Science in Economics is designed for students who wish to receive specialized training in Economics within a broad liberal arts education. Flexibility to select from a variety of courses allows students to customize their education to their personal interests and career goals. An Economics degree provides skills and training for careers in business, law, government, politics, teaching, research, and a variety of other areas. This degree also provides a strong foundation for future graduate studies in business, economics, law and public administration. Successful completion of this program leads to the Bachelor of Science degree with a major in Economics. Not eligible for a double degree with the BSBA in Business Economics.
Admission Requirements
Degree Requirements
- Students who change degree programs and select this major must adopt the most current catalog requirements.
- Students should consult with the major advisor for the Department.
- General Education Program and Common Program Prerequisite courses are usually completed in the first 60 hours.
General Education Program (GEP) (36 Credit Hours)
Communication Foundations (9 Credit Hours)
- SPC 1608 - Fundamentals of Oral Communication Credit Hours: 3 (Prefer)
Cultural and Historical Foundations (9 Credit Hours)
Mathematical Foundations (6 Credit Hours)
- STA 2023 - Statistical Methods I Credit Hours: 3 (Required)
- MAC 1105C - College Algebra Credit Hours: 3 (Preferred)
Social Foundations (6 Credit Hours)
Select One: (3 Credit Hours)
- ECO 2013 - Principles of Macroeconomics Credit Hours: 3 (Required)
- ECO 2023 - Principles of Microeconomics Credit Hours: 3 (Required)
Select One: (3 Credit Hours)
- ANT 2000 - General Anthropology Credit Hours: 3 (Suggested)
- PSY 2012 - General Psychology Credit Hours: 3 (Suggested)
- SYG 2000 - Introduction to Sociology Credit Hours: 3 (Suggested)
Science Foundations (6 Credit Hours)
Common Program Prerequisites (CPP) (6 Credit Hours)
See "Common Prerequisites" in the Transfer and Transitions Services section for more information.
- ECO 2013 - Principles of Macroeconomics Credit Hours: 3 (Course also counts as GEP)
- ECO 2023 - Principles of Microeconomics Credit Hours: 3 (Course also counts as GEP)
Core Requirements: Basic Level
Core Requirements: Advanced Level (12 Credit Hours)
- ECO 3101 - Intermediate Microeconomics Credit Hours: 3
- ECO 3203 - Intermediate Macroeconomics Credit Hours: 3
Select one of the following sequences of courses:
- QMB 3003 - Quantitative Business Tools I Credit Hours: 3
- or
- MAC 2233 - Concepts of Calculus Credit Hours: 3
- STA 2023 - Statistical Methods I Credit Hours: 3
- or
- MAC 2311C - Calculus with Analytic Geometry I Credit Hours: 4
- STA 2023 - Statistical Methods I Credit Hours: 3
Students must receive a "C" or better in MAC 2233 and STA 2023 or MAC 2311C and STA 2023 to be waived from QMB 3003.
Select one of the following sequences of courses:
- QMB 3200 - Quantitative Business Tools II Credit Hours: 3
- or
- STA 4163 - Statistical Methods II Credit Hours: 3
- or
- STA 4321 - Statistical Theory I Credit Hours: 3
Restricted Electives (27 Credit Hours)
All B.S. Economics majors will be required to take a minimum of nine (9) electives by choosing from the following
- ECO 3223 - Money and Banking Credit Hours: 3
- ECO 3410 - Mathematical Economics Credit Hours: 3
- ECO 3703 - International Microeconomics Credit Hours: 3
- ECO 4934 - Topics in Econometrics Credit Hours: 3
- ECP 3004 - Seminar on Current Economic Topics Credit Hours: 3
- ECP 3203 - Labor Economics Credit Hours: 3
- ECP 4303 - Environmental and Natural Resource Economics Credit Hours: 3
- ECP 4403 - Industrial Organization Credit Hours: 3
- ECS 4013 - Development Economics Credit Hours: 3
- ECP 4530 - Health Economics Credit Hours: 3
- ECO 4400 - Game Theory and Economics Credit Hours: 3
- ECO 4443 - Introduction to Business Analytics Credit Hours: 3
- ECO 4412 - Econometrics I Credit Hours: 3
- ECO 4422 - Econometrics II Credit Hours: 3
- ECO 4504 - Public Economics Credit Hours: 3
- ECO 4713 - International Macroeconomics Credit Hours: 3
- ECO 4751 - Law and Economics Credit Hours: 3
- ECP 3006 - Economics of Sports Credit Hours: 3
- ECO 4714 - Advanced Topics in International Economics Credit Hours: 3
- ECO 3155 - Thinking Like an Economist Credit Hours: 3
For students interested in preparing for graduate school in Economics and other graduate programs
the following courses are strongly recommended
- ECO 3410 - Mathematical Economics Credit Hours: 3
- ECO 4412 - Econometrics I Credit Hours: 3
- ECO 4422 - Econometrics II Credit Hours: 3
- ECP 4403 - Industrial Organization Credit Hours: 3
- ECO 4934 - Topics in Econometrics Credit Hours: 3
- ECO 4400 - Game Theory and Economics Credit Hours: 3
- ECO 4443 - Introduction to Business Analytics Credit Hours: 3
For students interested in Finance
One course from the following list can count as a restricted elective towards the economics degree.
NOTE: To enroll in one of these courses you must have taken both FIN 3403 and ACG 3173 and earned a B or better in both courses.
- FIN 3414 - Intermediate Corporate Finance Credit Hours: 3
- FIN 4504 - Equity and Capital Markets Credit Hours: 3
- FIN 4604 - International Financial Management Credit Hours: 3
- FIN 4243 - Debt and Money Markets Credit Hours: 3
Capstone Requirements
Electives
Foreign Language Requirements
Admissions
- Two years of one foreign language in high school, or one year of one foreign language in college (or equivalent proficiency exam) prior to graduation.
Graduation
Additional Requirements
Required Minors
Departmental Exit Requirements
- Students majoring in Economics must earn a grade of "C" or better in each ECO, ECP, and ECS course and in every course applied towards the major, as well as a 2.0 overall average in the major.
- Students are required to complete an exit survey and comprehensive exit exam in Economics.
- Students should take the exit survey and comprehensive exit exam in their final semester.
University Minimum Exit Requirements
- A 2.0 UCF GPA
- 42 semester hours of upper division credit completed
- 60 semester hours earned after CLEP awarded
- 30 of the last 39 hours of course work must be completed in residency at UCF.
- A maximum of 45 hours of extension, correspondence, CLEP, Credit by Exam, and Armed Forces credits permitted.
- Complete the General Education Program, the Gordon Rule, and nine hours of Summer credit.
Total Undergraduate Credit Hours Required: 120
Additional Information
Honors In Major
- Students enrolled in the Honors in the Major (HIM) program who complete ECO 4903H (3 units) and ECO 4970H (3 units), and then successfully defend their thesis can substitute ECO 4970H for one restricted elective course in the major.
Related Programs
- Economics, Business (B.S.B.A.)
Related Minors
- Business Analytics
- Computer Science Minor
- Legal Studies Minor
- Mathematics Minor
- Political Science Minor
- Psychology Minor
- Sociology Minor
- Statistics Minor
Advising Notes
Transfer Notes
- Lower division courses do not substitute for upper division courses.
- Courses transferred must be formally evaluated for equivalency credit. The student must provide a course syllabus and any other supporting information with his/her petition for this evaluation.
- Only grades of "C" or better transfer into the program and students must have a "C" or better in each common program prerequisites class.
Acceptable Substitutes for Transfer Courses
Program Academic Learning Compacts
- Program Academic Learning Compacts (student learning outcomes) for undergraduate programs are located at: http://www.oeas.ucf.edu/alc/academic_learning_compacts.htm
Equipment Fees
- Part-Time Student: $15 per term
- Full-Time Student: $30 per term
Plan of Study
Freshman Year - Fall (15 Credit Hours)
- ENC 1101 - Composition I Credit Hours: 3
- MAC 1105C - College Algebra Credit Hours: 3
- ECO 2013 - Principles of Macroeconomics Credit Hours: 3
- Cultural and Historical Foundation (GEP) Credit Hours: 3
- Free Elective Credit Hours: 3
Freshman Year - Spring (16 Credit Hours)
- ENC 1102 - Composition II Credit Hours: 3
- ECO 2023 - Principles of Microeconomics Credit Hours: 3
- SPC 1608 - Fundamentals of Oral Communication Credit Hours: 3
- MAC 2311C - Calculus with Analytic Geometry I Credit Hours: 4
- Social Foundation Credit Hours: 3
Sophomore Year - Fall (15 Credit Hours)
- STA 2023 - Statistical Methods I Credit Hours: 3
- Cultural and Historical Foundation I Credit Hours: 3
- Science Foundation I Credit Hours: 3
- Economics Restricted Elective Credit Hours: 3
- ECO 3101 - Intermediate Microeconomics Credit Hours: 3
Sophomore Year - Spring (15 Credit Hours)
- ECO 3203 - Intermediate Macroeconomics Credit Hours: 3
- Cultural and Historical Foundation II Credit Hours: 3
- Science Foundation II Credit Hours: 3
- Economics Restricted Elective Credit Hours: 3
- STA 4163 - Statistical Methods II Credit Hours: 3
Junior Year - Fall (15 Credit Hours)
- Social Foundation Credit Hours: 3
- Economics Restricted Elective Credit Hours: 3
- Economics Restricted Elective Credit Hours: 3
- Free Elective Credits Hours: 3
- Free Elective Credits Hours: 3
Junior Year - Spring (15 Credit Hours)
- Economics Restricted Elective Credit Hours: 3
- Economics Restricted Elective Credit Hours: 3
- Free Elective Credit Hours: 3
- Free Elective Credit Hours: 3
- Free Elective Credit Hours: 3
Senior Year - Fall (15 Credit Hours)
- Economics Restricted Elective Credit Hours: 3
- Economics Restricted Elective Credit Hours: 3
- Free Elective Credit Hours: 3
- Free Elective Credit Hours: 3
- Free Elective Credit Hours: 3
Senior Year - Spring (15 Credit Hours)
- Economics Restricted Elective Credit Hours: 3
- Economics Restricted Elective Credit Hours: 3
- Free Elective Credit Hours: 3
- Free Elective Credit Hours: 3
- Free Elective Credit Hours: 3
