The Economic Data Analytics (EDA) Bachelor of Science in Business (BSB) focuses on quantitative analysis and aims to attract students who are specifically interested in a STEM undergraduate Economics program that highlights the economic analysis of data and the acquisition of software skills with such programs as STATA, R and SAS. Students learn to analyze “big data” using economic theory and both cross sectional and time series data analysis techniques. The skills developed allow graduates to analyze data to make business decisions in the private sector and to inform public policy and regulatory decisions in the public sector.
| Program Requirements | Quarter Hours |
|---|---|
| Business Core Requirements | 60 |
| Liberal Studies Requirements | 72 |
| Major Requirements | 38 |
| Open Electives | 22 |
| Total hours required | 192 |
STEM Designation
DePaul’s Bachelor of Science in Business degree with a major in Economic Data Analytics (EDA) is a STEM-designated program under CIP Code 45.0603: Econometrics and Quantitative Economics. International students who earn degrees from STEM-designated programs can qualify to extend their post-graduation stay in the United States for Optional Practical Training (OPT). OPT provides an opportunity for international students to develop their careers while also helping meet the demand for STEM-educated professionals in the U.S. workforce.
Learning Outcomes
Core Outcomes
- Use analytical and reflective skills in decision-making.
- Communicate effectively both orally and in writing.
- Recognize legal and ethical issues confronting them.
- Contribute to the performance of a group within a business setting.
- Know the differences among global economies, institutions, business practices and cultures.
- Acquire knowledge of the functional areas of business and the interrelationships among the functional areas within a business.
Students will be able to:
- Apply linear regression models to applications in economics and business.
- Use and program within statistical software [Stata, R and SAS].
- Define economic concepts needed to analyze issues in the business and popular press.
- Identify the function of key economic institutions, such as the Federal Reserve System.
- Employ an economic theory or model to analyze the impact of changes in economic variables.
- Assess the potential impact of government interventions on individuals, markets, and/or the macroeconomy.
- Clean and manipulate real-world data from sources such as social media, housing, health, financial and public [Census and Current Population Survey].
College Core Requirements
Business Core Requirements
All undergraduate students in the Driehaus College of Business complete foundational courses in the areas of accountancy, economics, finance, management, and marketing. The core curriculum also includes courses that emphasize the increasingly quantitative and technological nature of business, the importance of the entrepreneurial mindset, and how students can use their business education to address important social challenges.
Course Requirements
For a student to complete the Bachelor of Science in Business, the following Business Core courses totaling at least 60.0 hours are required:
| Course | Title | Quarter Hours |
|---|---|---|
| Business Core Courses | ||
| ACC 101 | INTRODUCTION TO ACCOUNTING I 1 | 4 |
| ACC 102 | INTRODUCTION TO ACCOUNTING II 1 | 4 |
| BUS 101 | INTRODUCTION TO DRIEHAUS: BUSINESS FUNDAMENTALS AND THE ENTREPRENEURIAL MINDSET | 4 |
| BUS 102 | BUSINESS ANALYTICS | 4 |
| BUS 103 | BUSINESS FOR SOCIAL GOOD | 4 |
| ECO 105 | PRINCIPLES OF MICROECONOMICS | 4 |
| ECO 106 | PRINCIPLES OF MACROECONOMICS | 4 |
| FIN 310 | INTRODUCTION TO FINANCE | 4 |
| MAT 137 | BUSINESS STATISTICS | 4 |
| MGT 300 | PRINCIPLES OF MANAGEMENT | 4 |
| MGT 301 | PRINCIPLES OF OPERATIONS MANAGEMENT | 4 |
| MKT 301 | PRINCIPLES OF MARKETING | 4 |
| Business Technology 2 | ||
| Select one of the following: | 4 | |
| BUSINESS TECHNOLOGY | ||
| INTRODUCTION TO COMPUTER SCIENCE I | ||
| SYSTEMS ANALYSIS AND DESIGN | ||
| Business Communication 3 | ||
| Select one of the following: | 4 | |
| EFFECTIVE BUSINESS COMMUNICATION | ||
| BUSINESS AND PROFESSIONAL COMMUNICATION | ||
| Global Business Perspective 4 | ||
| Select one of the following: | 4 | |
| EUROPEAN ECONOMIC HISTORY | ||
| RADICAL RESPONSES TO CAPITALISM | ||
| TOPICS IN GLOBAL ECONOMIES | ||
| UNDERSTANDING CHINA'S ECONOMY | ||
| ECONOMICS OF LOW-INCOME COUNTRIES | ||
| INTERNATIONAL TRADE | ||
| INTERNATIONAL MONETARY ECONOMICS | ||
| ECONOMICS OF THE EUROPEAN UNION | ||
| INTERNATIONAL FINANCE | ||
| GLOBAL IPOs & VENTURE CAPITAL | ||
| INTERNATIONAL BUSINESS SEMINAR | ||
| GLOBAL HUMAN RESOURCE MANAGEMENT | ||
| INTERNATIONAL BUSINESS | ||
| MARKETING ACROSS CULTURES: A CULTURAL PERSPECTIVE ON MULTICULTURAL MARKETS | ||
| MARKETING IN A GLOBAL ENVIRONMENT | ||
| INTERNATIONAL MARKETING | ||
| WORK IN A GLOBALIZED WORLD | ||
A course taken as part of a term-long study abroad program | ||
- 1
Strobel students take specially designated sections of all required ACC classes, including ACC 101 and ACC 102 (excluding ACC 250, ACC 300, ACC 301).
- 2
Actuarial Science and Economic Data Analytics majors must take CSC 241.
MIS majors must take MIS 360.
- 3
MKT majors and Sales minors must take MKT 276.
- 4
A course taken for Global Business Perspective that is in a student's major or minor field must be completed with a minimum grade of C- .
Business Core Timeline
- BUS 101, BUS 102 and BUS 103 are intended to be completed by students during their first year of enrollment in the college.
- Business core requirements may be prerequisites to other courses.
- Planning is essential to a student’s graduation timeline.
- Academic advisors work with students to co-create customized degree completion plans and assist with balancing course load.
Business Ethics
All undergraduate students in the Driehaus College of Business complete a course in Business Ethics. It is recommended students take MGT 248 or PHL 248 in Philosophical Inquiry or MGT 228 or REL 228 in Religious Dimensions in the Liberal Studies Program (or University Honors Program) Requirements.
Second Majors and Minors
The addition of a second major or minor may affect the Business Core classes required for a student. Meet with an academic advisor to confirm requirements.
Math Requirements for all business majors (except Actuarial Science majors)
Grade Minimum Requirements for Economic Data Analytic Major
A minimum grade of C- is required for the following: ACC 101, ACC 102, BUS 101, BUS 102, BUS 103, CSC 241, ECO 105, ECO 106, MAT 137, and any ECO course used for Global Business Perspective.
Liberal Studies Requirements
Honors program requirements can be found in the individual Colleges & Schools section of the University Catalog. Select the appropriate college or school, followed by Undergraduate Academics and scroll down.
| First Year Program | Hours | |
|---|---|---|
| Chicago Quarter | ||
| LSP 110 or LSP 111 | DISCOVER CHICAGO or EXPLORE CHICAGO | 4 |
| Focal Point | ||
| LSP 112 | FOCAL POINT SEMINAR | 4 |
| Writing | ||
| WRD 103 | COMPOSITION AND RHETORIC I 1 | 4 |
| WRD 104 | COMPOSITION AND RHETORIC II 1 | 4 |
| Quantitative Reasoning | ||
| Not Required | ||
| Sophomore Year | ||
| Race, Power, and Resistance | ||
| LSP 200 | SEMINAR ON RACE, POWER, AND RESISTANCE | 4 |
| Junior Year | ||
| Experiential Learning | ||
| Required | 4 | |
| Senior Year | ||
| Capstone | ||
| BUS 392 | SENIOR SEMINAR 1 | 4 |
- 1
Students must earn C- or better in this course.
Learning Domains
Arts and Literature (AL)
- 3 AL Courses Required
Historical Inquiry (HI)
- 2 HI Courses Required
Math and Computing (MC)
-
Not Required
Philosophical Inquiry (PI)
- 2 PI Courses Required1
Religious Dimensions (RD)
- 2 RD Courses Required1
Scientific Inquiry (SI)
- 1 Lab Course Required
Social, Cultural, and Behavioral Inquiry (SCBI)
- 1 SCBI Course Required
Notes
Specified required courses within Liberal Studies may have grade minimums (e.g. C- or better). Please consult your advisor or your college and major requirements.
Courses offered in the student's primary major cannot be taken to fulfill LSP Domain requirements. If students double major, LSP Domain courses may double count for both LSP credit and the second major. Students who choose to take an experiential learning course offered by the major may count it either as a general elective or the Experiential Learning requirement.
In meeting learning domain requirements, no more than one course that is outside the student’s major and is cross-listed with a course within the student’s major, can be applied to count for LSP domain credit. This policy does not apply to those who are pursuing a double major or earning BFA or BM degrees.
Course Requirements
In addition to ECO 105 and ECO 106 a student majoring in Economic Data Analytics is required to complete the following courses totaling 38.0 hours:
| Course | Title | Quarter Hours |
|---|---|---|
| ECO 250 | CAREER PREPARATION FOR ECONOMICS MAJORS | 2 |
| ECO 304 | ANALYTICS FOR ECONOMICS | 4 |
| ECO 305 | INTERMEDIATE MICROECONOMICS | 4 |
| ECO 306 | INTERMEDIATE MACROECONOMICS | 4 |
| ECO 315 | INTRODUCTION TO MONEY AND BANKING | 4 |
| ECO 376 | TIME SERIES ANALYSIS | 4 |
| ECO 377 | ECONOMIC ANALYTICS USING SAS & R | 4 |
| Select one from: | 4 | |
| MATHEMATICAL ECONOMICS | ||
| BUSINESS CALCULUS I | ||
| CALCULUS I | ||
| CALCULUS FOR MATHEMATICS AND SCIENCE MAJORS I | ||
| CALCULUS FOR LIFE SCIENCES I | ||
| Select one from an empirical or data-focused elective: | 4 | |
| URBAN ECONOMICS | ||
| ECONOMICS OF THE PUBLIC SECTOR | ||
| LABOR ECONOMICS AND ORGANIZATION | ||
| EXPLORING ECONOMICS & STATISTICS THROUGH SPORTS | ||
| ECONOMICS OF LOW-INCOME COUNTRIES | ||
| Select one elective of the following (cannot also be taken above): | 4 | |
| MANAGERIAL DECISION MAKING | ||
| BUSINESS STRATEGY | ||
| URBAN ECONOMICS | ||
| THE CHICAGO ECONOMY | ||
| MARKET STRUCTURE AND REGULATION OF BUSINESS | ||
| ECONOMICS OF THE PUBLIC SECTOR | ||
| EUROPEAN ECONOMIC HISTORY | ||
| AMERICAN ECONOMIC HISTORY | ||
| LABOR ECONOMICS AND ORGANIZATION | ||
| ECONOMICS AND GENDER | ||
| ECONOMICS OF RELIGION | ||
| LAW & ECONOMICS | ||
| FINANCIAL MARKET REGULATION | ||
| THE ECONOMICS OF POVERTY | ||
| HEALTH ECONOMICS | ||
| RADICAL RESPONSES TO CAPITALISM | ||
| TOPICS IN GLOBAL ECONOMIES | ||
| UNDERSTANDING CHINA'S ECONOMY | ||
| SUSTAINABLE STRATEGIES FOR ENERGY AND THE ENVIRONMENT | ||
| EXPLORING ECONOMICS & STATISTICS THROUGH SPORTS | ||
| DEVELOPMENT OF ECONOMIC THOUGHT | ||
| BEHAVIORAL ECONOMICS | ||
| DEVELOPMENT ECONOMICS | ||
| ECONOMICS OF LOW-INCOME COUNTRIES | ||
| INTERNATIONAL TRADE | ||
| INTERNATIONAL MONETARY ECONOMICS | ||
| ECONOMICS OF THE EUROPEAN UNION | ||
| GAME THEORY | ||
| SPECIAL TOPICS (multiple topics may be used) | ||
| INDEPENDENT STUDY | ||
ECO 393 may not be used towards the major.
ECO 395 may not be taken by students in the Driehaus College of Business.
Career Management Course
Students are required to complete the Career Course (250) associated with the major. Students who double major may choose the Career Course (250) associated with either major provided that hours for graduation are satisfied. Students should take the Career Course as soon as possible.
Global Business Perspective
If an ECO course is shared between Global Business Perspective and the Economics major, additional hours of Open Elective credit are required. Any ECO course must be passed with C- or higher.
Open Electives
Open elective credit (22.0 hours) is needed to meet the minimum graduation requirement of 192 hours.
Combined Bachelor’s + Master’s Program Participants
Students admitted to the Economics Combined Bachelor’s + Master’s program may apply up to three approved graduate course(s) towards undergraduate Economics major electives.
Graduation Requirements
All Economics (ECO) courses and any other courses used toward the Economics Data Analytics major must be completed with a minimum grade of C- and with a combined GPA of 2.000 or higher.