Applied Economics, Minor

Visit the Finance and Economics Department page for more information on the program and access to advising.

Program Description

The Applied Economics Minor equips students with strong analytical and quantitative skills to address real-world economic and business challenges. Students gain hands-on experience applying economic theory, data mining, statistical methods, and econometric tools to problem-solving in applied contexts. Coursework emphasizes data analysis, interpretation, and decision-making using modern economic and quantitative approaches. Graduates are prepared for careers requiring data-driven analysis and are well-positioned to pursue advanced study in economics, business, or related fields. 

Program Requirements

Course List

Code	Title	Credit Hours
Total Credit Hours		21
Discipline Core Requirements		18 Credits
ECON 2010	Principles of Economics I	3
ECON 2020	Principles of Economics II	3
MGMT 2240	Business Quantitative Analysis	3
or MATH 1210	Calculus I
ECON 3020	Managerial Economics	3
ECON 3370	Economic Modeling and Data Analytics	3
ECON 3470	Principles of Applied Econometrics	3
Elective Requirements		3 Credits
Complete three hours from the following courses:		3
ECON 3030	Intermediate Macroeconomics (3)
ECON 3050G	International Economics (3)
ECON 3060	Money and Banking (3)
ECON 4150	Public Finance (3)
ECON 3400	Health Economics (3)
ECON 4100	Analysis of Financial Institutions and Markets (3)
FIN 4100	Management of Financial Institutions (3)
FIN 4180	International Finance (3)

Graduation Requirements

Must complete 21 credits in addition to the credit requirements for the students' choice of major.

Graduation Plan

This graduation plan is a sample plan and is intended to be a guide. Your specific plan may differ based on your Math and English placement and/or transfer credits applied. You are encouraged to meet with an advisor and set up an individualized graduation plan in Wolverine Track.

Plan of Study Grid

First Year
Semester 1		Credit Hours
ECON 2010	Principles of Economics I	3
MGMT 2240 or MATH 1210	Business Quantitative Analysis or Calculus I	3
	Credit Hours	6
Semester 2
ECON 2020	Principles of Economics II	3
	Credit Hours	3
Second Year
Semester 3
ECON 3020	Managerial Economics	3
ECON 3370	Economic Modeling and Data Analytics	3
	Credit Hours	6
Semester 4
ECON 3470	Principles of Applied Econometrics	3
Choose three hours from the following recommended courses:		3
ECON 3030	Intermediate Macroeconomics
ECON 3050G	International Economics
ECON 3060	Money and Banking
ECON 3400	Health Economics
ECON 4100	Analysis of Financial Institutions and Markets
FIN 4100	Management of Financial Institutions
ECON 4150	Public Finance
FIN 4180	International Finance
	Credit Hours	6
	Total Credit Hours	21

Program Learning Outcomes

1. Evaluate economic phenomena using critical thinking and quantitative reasoning.
2. Apply economic theory and statistical/econometric methods to analyze data and solve real-world problems. 
3. Recommend evidence-based strategies for public policy and business decision-making. 
4. Communicate economic findings effectively through reports and presentations for different audiences.