The Honors Track in Economics is available to students completing the Bachelor of Science in Business with a major in Economics. It provides the opportunity to pursue a more challenging path of meeting degree requirements. In addition to maintaining a higher GPA, this path requires the demonstration of more quantitative and writing skills than the basic requirements for the Economics major. The student successfully completing this track would graduate with departmental honors.
| Program Requirements | Quarter Hours |
|---|---|
| Business Core Requirements | 60 |
| Liberal Studies Requirements | 72 |
| Major Requirements | 38 |
| Open Electives | 22 |
| Total hours required | 192 |
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.
Program Specific Outcomes
Students will be able to:
- 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.
- Apply economic concepts/models in a variety of fields within economics (e.g., Labor Economics, Health Economics, Urban Economics, International Economics, Development Economics, History of Economic Thought, etc.)
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.
Business Technology requirement for all business majors (except Management Information Systems majors)
- Business Technology requirement may be replaced by CSC 243.
Math requirement for all business majors (except Actuarial Science majors)
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.
Grade Minimum Requirements for Economics Major
A minimum grade of C- is required for the following: ACC 101, ACC 102, BUS 101, BUS 102, BUS 103, BUS 202, 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.
Major Requirements
Invitation
Economics majors will be invited each term to participate in the Honors Track if they meet the following criteria:
- Have completed ECO 305 and ECO 306 with a minimum grade of B- in each course
- Have a minimum GPA of 3.300 in all Economics (ECO) courses taken at DePaul
Course Requirements
In addition to ECO 105 and ECO 106, a student majoring in the Honors Track in Economics 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 (with a B- minimum grade) | 4 |
| ECO 306 | INTERMEDIATE MACROECONOMICS (with a B- minimum grade) | 4 |
| ECO 315 | INTRODUCTION TO MONEY AND BANKING | 4 |
| Select one from either: | 4 | |
| TIME SERIES ANALYSIS (with a B- minimum grade) | ||
| ECONOMIC ANALYTICS USING SAS & R (with a B- minimum grade) | ||
| 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 Advanced Economics Elective of the following completed at DePaul with a B-minimum grade: | 4 | |
| MARKET STRUCTURE AND REGULATION OF BUSINESS | ||
| ECONOMICS OF THE PUBLIC SECTOR | ||
| DEVELOPMENT OF ECONOMIC THOUGHT | ||
| BEHAVIORAL ECONOMICS | ||
| DEVELOPMENT ECONOMICS | ||
| TIME SERIES ANALYSIS | ||
| ECONOMIC ANALYTICS USING SAS & R | ||
| GAME THEORY | ||
| Select two electives of the following: | 8 | |
| 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 | ||
| TIME SERIES ANALYSIS | ||
| ECONOMIC ANALYTICS USING SAS & R | ||
| GAME THEORY | ||
| GLOBAL ECONOMIC HISTORY (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.
Additional Requirements
Honors Track students must maintain a minimum GPA of 3.300 (B+ average) in all Economics (ECO) courses taken at DePaul.
Honors Track students must submit a paper written for any economics class that meets the following criteria:
- the student earned a B+ or better on the paper
- the paper contained a literature review based on at least 5 sources; and
- the paper was at least 10 pages OR used econometrics.
- the paper was sole-authored
This requirement must be satisfied using a paper from a course taken at DePaul. Students should contact the Director of the Undergraduate Economics Program for submission guidelines.
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 Honors major must be completed with a minimum grade of C- unless otherwise noted above and with a combined GPA of 2.000 or higher. Economics Honors students must maintain a minimum GPA of 3.300 (B+ average) in all Economics (ECO) courses taken at DePaul.
Sample Schedule
Students interested in pursuing the Honors Track in Economics are advised to complete the following courses according to the sequence found below:
| Course | Title | Quarter Hours |
|---|---|---|
| 1st or 2nd Year | ||
| ECO 105 | PRINCIPLES OF MICROECONOMICS | 4 |
| ECO 106 | PRINCIPLES OF MACROECONOMICS | 4 |
| MAT 137 | BUSINESS STATISTICS | 4 |
| One term of Calculus (MAT 135, MAT 150, MAT 160, MAT 170) | 4 | |
| 2nd or 3rd Year | ||
| 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 |
| Advanced Economics Electives (selected from approved courses) | 4 | |
| 2nd through 4th Year | ||
| ECO 376 TIME SERIES ANALYSIS or ECO 377 ECONOMIC ANALYTICS USING SAS AND R | 4 | |
| Additional Economics Electives (2 courses required) | 8 | |