Applied Economics, Minor

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

Program Description

The Minor in Applied Economics is intended for students who want to acquire solid analytical, quantitative, and problem-solving skills in economics. It focuses on applying economic theory, data mining, statistical and econometric tools to real-world economic and business problems. Graduates with this minor will be well-positioned to succeed in a job market that increasingly requires solid quantitative and data handling skills.

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 (undefined)
FIN 4100	Management of Financial Institutions (3)
FIN 4180	International Finance Management (3)

Graduation Requirements

Complete 18 credits of core courses and 3 credits of any listed electives

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:		3
ECON 3030	Intermediate Macroeconomics
ECON 3050G	International Economics
ECON 3060	Money and Banking
ECON 3400	Health Economics
ECON 4150	Public Finance
FIN 4100	Management of Financial Institutions
FIN 4180	International Finance Management
	Credit Hours	6
	Total Credit Hours	21

Program Learning Outcomes

1. Develop critical thinking skills to evaluate economic phenomena.
2. Use economic theory and statistical/econometrics methods to analyze data and solve real-world problems.
3. Make public policy and strategic business recommendations.
4. Prepare reports and communicate findings to diverse audiences.