Economics

major

Through the study of Economics, students learn how to look at a complex world and make sense of the wide variety of behaviors they observe. Students majoring in economics learn the analytical skills used to understand how households, firms and governments make economic decisions, comparing costs and benefits in an effort to maximize their impact.

About this Program

To graduate with this major, students must complete all university, college, and major requirements.

Department Information

The Department of Economics offers a vibrant undergraduate curriculum. Students enjoy close and meaningful interactions with the faculty through rigorous and engaging courses. A diverse menu of elective courses covers exciting and relevant topics like growth and development, international trade and finance, public policy analysis and evaluation, and strategic business decisions. Students are strongly encouraged to pursue outside-of-the-classroom learning through internships and study abroad.
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CONTACT

Email | 352.392.0151 (tel) | 352.294.7860 (fax)

P.O. Box 117140
224 MATHERLY HALL
GAINESVILLE FL 32611-7140
Map

 Curriculum

Students will learn the critical skills used to determine the implications of economic decisions for the allocation of society's scarce resources, the pricing of goods and services, the distribution of income, the behavior of macroeconomic variables, and the effect of government intervention.

Classes within the economics major include, among others, international trade, law and economics, economics of sports, game theory, and public choice. The analytical skills students develop are useful preparation for careers in business, law, government, public policy and academia. A degree in economics is also appropriate for students intending to pursue advanced degrees in the social sciences and in professional schools.

Coursework for the Major

The major requires 37-39 credits. Students must achieve minimum grades of C in each required foundation and economics course, including the economics electives and outside substitutes.

Required Foundation Coursework
MAC 2233Survey of Calculus 13-4
or MAC 2311 Analytic Geometry and Calculus 1
STA 2023Introduction to Statistics 1 13
ECO 2013Principles of Macroeconomics4
ECO 2023Principles of Microeconomics4
ECO 3101Intermediate Microeconomics 2,54
ECO 3203Intermediate Macroeconomics4
Required Upper-Level Coursework
Four economics elective courses 315-16
Select a maximum of one: 4
Introduction to Natural Resource and Environmental Economics
Special Topics in Food and Resource Economics
Business Finance
Economic Geography
Total Credits37-39

Recommended Coursework

Students planning to pursue graduate study in economics should consider a minor in mathematics or statistics or take the following mathematics and statistics courses:

ECO 4421Econometrics4
or STA 4210 Regression Analysis
MAC 2311Analytic Geometry and Calculus 14
MAC 2312Analytic Geometry and Calculus 24
MAC 2313Analytic Geometry and Calculus 34
MAP 2302Elementary Differential Equations3
MAS 3114Computational Linear Algebra3
or MAS 4105 Linear Algebra 1
MAA 4211Advanced Calculus 13
STA 4321Introduction to Probability 13
STA 4322Introduction to Statistics Theory 13

Overseas Studies

Economics students are strongly encouraged to complete a study abroad or internship abroad program. The College of Liberal Arts and Sciences’ Beyond 120 program, the Heavener School of Business’ International Programs Office, and the UF International Center offer several excellent study abroad programs that allow economics majors the opportunity to study or work abroad and still make timely progress toward their degree requirements. Contact the undergraduate coordinator or a study abroad advisor for more information.

Critical Tracking records each student’s progress in courses that are required for progress toward each major. Please note the critical-tracking requirements below on a per-semester basis.

For degree requirements outside of the major, refer to CLAS Degree Requirements: Structure of a CLAS Degree.

Equivalent critical-tracking courses as determined by the State of Florida Common Course Prerequisites may be used for transfer students.

Semester 1

  • 2.0 UF GPA required

Semester 2

Semester 3

  • Complete 1 additional course of the 4 with a 2.75 critical-tracking GPA, excluding ECO 3101
  • 2.0 UF GPA required

Semester 4

  • Complete 2 additional courses of the 4 with a 3.0 critical-tracking GPA, excluding ECO 3101
  • 2.0 UF GPA required

Semester 5

  • Complete ECO 3101 with a minimum grade of C
  • Maintain a 3.0 critical-tracking GPA, excluding ECO 3101
  • 2.0 UF GPA required

SEMESTER 6

  • Complete 1 3000/4000 level Economics course
  • 2.0 UF GPA required

SEMESTER 7

  • Complete ECO 3203 and 1 additional 3000/4000 level Economics course
  • 2.0 UF GPA required

SEMESTER 8

  • Complete 2 additional 3000/4000 level Economics courses
  • 2.0 UF GPA required

Students are expected to complete the writing requirement while in the process of taking the courses below. Students are also expected to complete the general education international (GE-N) and diversity (GE-D) requirements concurrently with another general education course (typically, GE-C, H, or S).

FIN 3403, AEB 3450, AEB 4931, and GEO 3502, if taken, do not also count toward the 3000 level or above electives outside of the major.

To remain on track, students must complete the appropriate critical-tracking courses, which appear in bold. These courses must be completed by the terms as listed above in the Critical Tracking criteria.

This semester plan represents an example progression through the major. Actual courses and course order may be different depending on the student's academic record and scheduling availability of courses. Prerequisites still apply.

Plan of Study Grid
Semester OneCredits
Quest 1 (Gen Ed Humanities) 3
ECO 2023 Principles of Microeconomics (Critical Tracking; Gen Ed Social and Behavioral Sciences) 4
State Core Gen Ed Composition; Writing Requirement 3
Foreign language 4-5
 Credits14-15
Semester Two
ECO 2013 Principles of Macroeconomics (Critical Tracking; State Core Gen Ed Social and Behavioral Sciences) 4
MAC 2233 Survey of Calculus 1 (Critical Tracking; State Core Gen Ed Mathematics) 3
State Core Gen Ed Biological or Physical Sciences 3
Science laboratory (Gen Ed Biological or Physical Sciences) 1
Foreign language 3-5
 Credits14-16
Semester Three
Quest 2 (Gen Ed Biological and Physical Sciences-area not taken in semester 2) 3
STA 2023 Introduction to Statistics 1 (Critical Tracking; Gen Ed Mathematics) 3
State Core Gen Ed Humanities 3
Elective (or foreign language if 4-3-3 option) 3
Elective 3
 Credits15
Semester Four
Gen Ed Composition; Writing Requirement 3
Electives 6
Gen Ed Humanities 3
Gen Ed Physical Sciences 3
 Credits15
Semester Five
ECO 3101 Intermediate Microeconomics (Critical Tracking; Gen Ed Social and Behavioral Sciences) 4
Gen Ed Biological Sciences 3
Electives 9
 Credits16
Semester Six
Economics courses (3000 level or above) 8
Elective 3
Electives (3000 level or above, not in major) 6
 Credits17
Semester Seven
ECO 3203 Intermediate Macroeconomics (Critical Tracking) 4
Economics course (3000 level or above) 4
Electives (3000 level or above, not in major) 6
 Credits14
Semester Eight
Economics course (3000 level or above) 4
Electives (3000 level or above, not in major) 6
Electives 5
 Credits15
 Total Credits120

This major teaches students the skills used to understand how households, firms and governments make economic decisions and the implications of those decisions for resource allocation, pricing, the distribution of income and macroeconomic variables.

Before Graduating Students Must

  • Take the Economics Field Test conducted by the ETS. This test will be 10% of the student's grade in ECO 3203.The goal of the Department of Economics is that each student's average score exceeds the national average of 154; however, a score of 154 is not a graduation requirement.
  • Students who want to graduate magna cum laude or summa cum laude must propose and defend an honors thesis before the department's undergraduate committee.
  • Complete requirements for the baccalaureate degree, as determined by faculty.

Students in the Major Will Learn to

Student Learning Outcomes (SLOs)

Content

  1. Identify indifference curves as representations of consumer preferences, and to evaluate these indifference curves in the context of preference relations.

Critical Thinking

  1. Model and analyze unfamiliar social interactions using a formal economic framework.

Communication

  1. Communicate effectively the concept of opportunity costs and tradeoffs.

Curriculum Map

I = Introduced; R = Reinforced; A = Assessed

Courses SLO 1 SLO 2 SLO 3
ECO 2013 I, R, A I, R, A
ECO 2023 I, R, A I, R, A
ECO 3101 R, A I, R, A
ECO 3203 R, A I, R, A
Four ECO Electives R, A R, A R, A

Assessment Types

  • Embedded questions in exams and papers
  • The ETS Field Test