Arts & Sciences Economics (ASC)

Quick points
Attribute Value
College: Arts & Sciences
Degree Offered: Bachelor of Arts or Bachelor of Science
Hours Required: 120
Minimum Cumulative GPA: 2.0 for graduation
Minor Available: Yes
Advisor: F. Gregory Hayden
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  1. Intro

Economics (ASC)

COLLEGE: Arts & Sciences

MAJOR: Economics (ASC)

DEGREE OFFERED: Bachelor of Arts or Bachelor of Science

HOURS REQUIRED: 120

MINIMUM CUMULATIVE GPA: 2.0 for graduation

MINOR AVAILABLE: Yes

ADVISOR: F. Gregory Hayden

DESCRIPTION

Chair: Scott M. Fuess, Jr., 340 College of Business Administration Building

Professors: Allgood, Anderson, Cushing, Edwards, Fuess, Hayden, May, Rosenbaum, Schmidt, van den Berg, Walstad

Associate Professors: Giertz, McGarvey, Thompson

Assistant Professor: Kim

Assistant Professors of Practice: Miller, Davidson

Economic analysis is useful in many decisions made by individuals, businesses, nonprofit organizations, and governments. In addition to opportunities in teaching, economists are employed in many branches of government and on the staffs of corporations in manufacturing, insurance, banking, brokerage, and financial services. Economists often serve as consultants, either individually or in consulting firms. Todays economists deal with problems ranging from to include monetary and fiscal policy, monopoly and competition, environmental improvement, labor relations, regional development, urban reconstruction, economic development and international business and finance. Economics is also a popular major for students planning to enter professional and graduate programs, particularly in law, foreign service, labor relations, or business administration, or policy analysis.

Courses Regularly Offered

Fall and Spring Semesters: Courses regularly offered in Fall and Spring semesters by the Department of Economics are as follows:

ECON 200 Economic Essentials & Issues (Qualifies as ACE 6, 8)

ECON 211 Principles of Macroeconomics (Qualifies as ACE 6, 8)

ECON 211H Honors: Principles of Macroeconomics (Qualifies as ACE 6, 8)

ECON 212 Principles of Microeconomics (Qualifies as ACE 6, 8)

ECON 212H Honors: Principles of Microeconomics (Qualifies as ACE 6, 8)

ECON 215 Statistics (Qualifies as ACE 3)

ECON 215H Honors: Statistics (Qualifies as ACE 3)

ECON 311 Intermediate Macroeconomics

ECON 312 Intermediate Microeconomics

ECON 321 Introduction to International Economics (Qualifies as ACE 9)

ECON 340 Introduction to Urban-Regional Economics

ECON 365 Financial Institutions (FINA 365)

ECON 399 Independent Study

ECON 399H Honors: Independent Study

ECON 417 Introductory Econometrics

ECON 421 International Trade

ECON 422 International Finance

ECON 423 Economics of Less Developed Countries

ECON 440 Regional Development

ECON 445 Gender, Economics & Social Provisioning (WMNS 445)

ECON 457 19th Century U.S. Economic History (HIST 457)

ECON 458 20th Century U.S. Economic History (HIST 458)

ECON 466 Pro-seminar in International Relations I (AECN 467, ANTH 479, GEOG 448, HIST 479, POLS 466, SOCI 466)

ECON 467 Pro-seminar in International Relations II (POLS 467)

ECON 471 Public Finance

ECON 472 Efficiency in Government

ECON 481 Economics of the Labor Market (Qualifies as ACE 10)

ECON 482 Labor in the National Economy (Qualifies as ACE 10)

ECON 499 Independent Study

ECON 499H Honors Thesis

Summer Semesters: Courses regularly offered in Summer semesters by the Department of Economics are as follows:

ECON 211 Principles of Macroeconomics (Qualifies as ACE 6, 8)

ECON 212 Principles of Microeconomics (Qualifies as ACE 6, 8)

ECON 215 Statistics (Qualifies as ACE 3)

ECON 311 Intermediate Macroeconomics

ECON 312 Intermediate Microeconomics

Other courses will be occasionally offered in Summer semesters.

Courses Available for Transfer Credit

The courses listed above are available to be considered for transfer credit if taken at a different institution. Courses which the Department of Economics does not regularly offer as classes but are also available to be considered for transfer credit if taken at a different institution are as follows:

ECON 210 Introduction to Economics

ECON 303 An Introduction to Money & Banking

ECON 322 Introduction to Development Economics

ECON 323 The Economic Development of Latin America

ECON 371 Elements of Public Finance

ECON 375 Women & Work in U.S.A. History (HIST 375/WMNS 375)

ECON 381 Introduction to Labor Economics

ECON 388 Comparative Economic Systems

ECON 389 Current Economic Issues

ECON 403 Money & the Financial System

ECON 404 Current Issues in Monetary Economics

ECON 409 Applied Public Policy Analysis

ECON 413 Social Insurance (FINA 413)

ECON 416 Statistics for Decision Making

ECON 419 Topics in Applied Research

ECON 426 Government Intervention in Markets

ECON 433 History of Economic Thought

ECON 435 Market Competition

ECON 442 Regional Analysis

ECON 450 Economics for Teachers

ECON 451 Economics Issues for Teachers

ECON 475 Theory & Analysis of Institutional Economics

ECON 485 The Regulatory Environment for Employment & Labor (MNGT 466)

ECON 487 Economies in Transition

In planning a program of studies, students should consult a faculty advisor or talk to any member of the economics faculty who would be glad to make suggestions about complementary courses.

Many economics courses also satisfy ACE requirements, (see Other.)

MAJOR REQUIREMENTS

Specific Major Requirements

An economics major must complete 30 credit hours of economics. These 30 hours must include:

ECON 211 Principles of Macroeconomics3

ECON 212 Principles of Microeconomics3

ECON 215 Statistics*3

ECON 311 Intermediate Macroeconomics3

ECON 312 Intermediate Microeconomics3

Economics 300- or 400-level courses6

Economics 400-level courses9

Total30

*NOTE for economics majors: STAT 218 may be substituted for ECON 215 if STAT 218 was completed before declaring economics as a major; otherwise student must take ECON 215.

Track/Options/Concentrations/Emphases Requirements

Research and Thesis

Seminar and research courses in specific fields are listed in their respective divisions.

ECON 189H University Honors Seminar

ECON 198 Freshman Seminar

ECON 399 Independent Study

ECON 399H Honors: Independent Study

ECON 499H Honors Thesis

This department participates in the program for Global Studies and UCARE. For a full description of these programs, see Global Studies and UCARE.

Graduate Work. The advanced degrees of master of arts and doctor of philosophy are offered. For details of these programs see the Graduate Studies Bulletin. Refer to the Graduate Studies Bulletin for 800/900-level courses.

ADDITIONAL MAJOR REQUIREMENTS

Students are required to complete ECON 211, ECON 212, and ECON 215 before completing additional required economics course work. The completion of BSAD 150 and MATH 104 are required prior to enrollment in ECON 215. We strongly recommend students complete the intermediate theory sequence, ECON 311 and ECON 312, prior to completing elective 300 and 400 level classes.

Grade Rules

Pass/No Pass Limits

All courses for the major, with the exception of ECON 399, must be taken for a grade (no Pass/No Pass). If ECON 399 is taken as Pass/No Pass, it may only be used as an elective.

Course Level Requirement

Completion of ECON 311 and ECON 312 is recommended before taking other 300/400-level economics courses.

REQUIREMENTS FOR MINOR OFFERED BY DEPARTMENT

Plan A
  • 18 hours of economics course work
Plan B
  • 12 hours of economics course work

OTHER

All students are required to meet the prerequisites listed for each course, including any specific grade or GPA requirement, to include all requirements for enrollment in 300- or 400-level economics courses.

ECON 211 and ECON 212 Macro- and Microeconomics are ACE 6 and ACE 8 approved course work.

ECON 215 Statistics is an approved ACE 3 course and may be used to fulfill the ACE 3 requirement of the University.

ECON 321 Introduction to International Economics is an approved ACE 9 course and while most students will complete ACE 9 during the freshman and sophomore year with other course work, transfer and upper-class students meeting the prerequisite, may wish to take this class.

COLLEGE REQUIREMENTS

College Admission

College Admission

The entrance requirements for the College of Arts and Sciences are the same as the UNL General Admission Requirements. Students who are admitted through the Admission by Review process may have certain conditions attached to their enrollment at UNL. These conditions are explained under “Removal of Deficiencies.”

In addition to these requirements, the College of Arts and Sciences strongly recommends a third and fourth year of languages. Four years of high school language will exempt students from the College of Arts and Sciences’ language requirement. It will also allow students to continue language study at a more advanced level, and give more opportunity to study abroad.

Transfer Students

To be considered for admission as a transfer student, Nebraska resident or nonresident, students must have an accumulated average of C (2.0 on a 4.0 scale) and a minimum C average in the last semester of attendance at another college. Transfer students who graduated from high school January 1997 and after must also meet the UNL General Admissions Requirements. Those transfer students who graduated before January 1997 must have completed in high school 3 years of English, 2 years of the same foreign language, 2 years of algebra, and 1 year of geometry. Transfer students who have completed less than 12 credit hours of college study must submit either the ACT or SAT scores.

Ordinarily, hours earned at an accredited college are accepted by the University. The College, however, will evaluate all hours submitted on an application for transfer and reserves the right to accept or reject any of them. Sixty is the maximum number of hours the University will accept on transfer from a two-year college or international institution. Transfer credit in the major or minor must be approved by the departmental advisor on a Request for Substitution Form to meet specific course requirements, group requirements, or course level requirements in the major or minor. At least half of the hours in the major field must be completed at the University regardless of the number of hours transferred.

The College of Arts and Sciences will accept no more than 15 semester hours of C- and D grades from other schools. The C- and D grades cannot be applied toward requirements for a major or minor. This policy does not apply to the transfer of grades from UNO or UNK to UNL. All D grades may be transferred from UNO or UNK, but they are not applicable to a major or minor.

Readmitted Students

Students readmitted to the College of Arts and Sciences will follow the requirements stated in the bulletin for the academic year of readmission and reenrollment as a degree-seeking student in Arts and Sciences. In consultation with advisors, a student may choose to follow a bulletin for any academic year in which they are admitted to and enrolled as a degree-seeking student at UNL in the College of Arts and Sciences. Students must complete all degree requirements from a single bulletin year. Beginning in 1990-1991, the bulletin which a student follows for degree requirements may not be more than 10 years old at the time of graduation.

Admission Deficiencies/Removal of Deficiencies

Students must remove entrance deficiencies in geometry and foreign language before graduating from the College of Arts and Sciences and should consult a college advisor in the Academic and Career Advising Center in 107 Oldfather Hall for questions about admission deficiencies.

Removing Foreign Language Deficiencies

Students must complete the second semester of the first year language sequence to clear the deficiency and the second semester of the second year language sequence to complete the college graduation requirement in language.

Removing Geometry Deficiencies

A deficiency of one year of geometry can be removed by taking two high school geometry courses by Independent Study or by completing a geometry course from an accredited community college or a four-year institution. Neither of these options count for college credit.

College Degree Requirements

College General Education Requirements

The College of Arts and Sciences distribution requirements are designed to further the purposes of liberal education by encouraging study in several different areas. Courses satisfying these requirements may impart specialized knowledge or broadly connect the subject matter to other areas of knowledge.

All requirements are in addition to University ACE requirements. A student may not use a single course to satisfy more than one of the following five distribution requirements. A student cannot use a single course to satisfy both an ACE outcome and a College distribution requirement. A student cannot use a course from their major to satisfy the Breadth Requirement (F), but may apply an ancillary requirement of the primary major or a course from their second major toward this requirement. Independent study or reading courses and internships cannot be used to satisfy distribution requirements. To see a complete list of excluded courses, run a degree audit through MyRED.

Courses from interdisciplinary programs will count in the same area as courses from the home/cross-listed department(s).

Bachelor of Arts or Bachelor of Science (16 credits + Language)

A. Written Communication: 3 hours

To be selected from courses approved for ACE outcome 1.

B. Natural, Physical and Mathematical Sciences: 4 hours

Select from biochemistry, biological sciences, chemistry, computer science, geology, meteorology, mathematics, physics and statistics. Must include one lab in the natural or physical sciences. Lab courses may be selected from biochemistry, biological sciences, chemistry, geology, meteorology and physics. Select courses from geography* and anthropology* may also be used to satisfy the lab requirement.

* See your degree audit or a College of Arts and Sciences advisor for approved geography and anthropology courses that apply as natural science.

C. Humanities: 3 hours

Select from: classics*, English, history, modern languages and literatures*, philosophy, and religious studies*.

*Language courses numbered 210 or below apply only for the foreign language requirement.

D. Social Sciences: 3 hours

Select from: anthropology*, communication studies, geography*, political science, psychology*, or sociology.

*See degree audit or College of Arts and Sciences advisor for list of natural/physical science courses in anthropology, geography, and psychology that do not apply as social science.

E. Languages Classical and Modern: 0-6 hours

Fulfilled by the completion of the 6-credit-hour second-year sequence in a single foreign language in one of the following departments: Classics and religious studies, modern languages and literatures, or anthropology. Instruction is currently available in Arabic, Chinese, Czech, French, German, Greek, Japanese, Latin, Omaha, Russian, and Spanish. A student who has completed the fourth-year level of one foreign language in high school is exempt from the languages requirement.

F. Additional Breadth Requirement (may not be used toward the primary major; may apply toward ancillary requirements and second majors): 3 hours

Select from: natural, physical and mathematical sciences (Area B), humanities (Area C), or social sciences (Area D).

Scientific Base

The bachelor of science degree requires students to complete 60 hours in mathematical, physical and natural sciences. Approved courses for scientific base credit come from the following College of Arts and Sciences disciplines: actuarial science, anthropology (selected courses), astronomy, biochemistry (excluding BIOC 101), biological sciences (excluding BIOS 150, 160, 203), chemistry (excluding CHEM 101), computer science (excluding CSCE 10), geography (selected courses), geology, life sciences, mathematics (excluding courses below MATH 104), meteorology, physics and statistics.

See your degree audit or a College of Arts and Sciences advisor for a complete list including individual classes that fall outside of the disciplines listed above. Up to 12 hours of scientific and technical courses offered by other colleges may be accepted toward this requirement with approval of a college advisor.

Foreign Languages/Language Requirement

Languages Exemption Policy

UNL and the College of Arts and Sciences will exempt or waive students from the UNL entrance requirement of two years of the same foreign language or from the College’s language distribution requirement based on documentation only. The following are the options and procedures for documentation:

High School Transcripts

1. For the University entrance requirements, students must show an official high school transcript with two or more years of the same foreign language in high school.

2. For the College of Arts and Sciences College Distribution Requirement E-Language, students must show an official high school transcript with four or more years of the same foreign language in high school, or show evidence of graduation from a non-English-speaking foreign high school.

3. For the College of Arts and Sciences College Distribution Requirement E-Language, students whose native language is not English must show English as a Second Language study on an official high school transcript. Four years of ESL at the high school level (9th, 10th, 11th and 12th grades) will be the basis for a waiver of the CDR E Language requirement.

Proficiency Examination at UNL

1. For the University entrance requirement, students who do not have transcript documentation can request to take a proficiency exam in the language. (This is not the same test as the Modern Languages Placement Exam.) However, UNL will provide testing only in the languages it teaches. Currently, these languages are:

Arabic

French

German

Spanish

Russian

Czech

Japanese

Chinese

The Department of Modern Languages will oversee the test and provide written documentation to the Arts and Sciences Advising Center that the student has passed the proficiency test at the 102 level.

2. For the College of Arts and Sciences College Distribution Requirement E-Language, the Department of Modern Languages will oversee the test at the 202 level. If the student passes the test, the department will sign the College Request for Waiver form and indicate the level of proficiency. The form is then forwarded to the Arts and Sciences Advising Center for approval.

Distance Education

1. For the University entrance requirement, students without transcript documentation who claim proficiency in a language not taught at UNL, have the option of seeking out a distance education program in languages. If the student completes the equivalent of 102 from an approved distance education program, the student will meet the UNL entrance requirement. The student must have the course work approved before he/she takes/completes the course as equivalent to 102 by a College advisor. The student then completes the course and has the distance education program send the transcript to the Admissions Office.

2. For the College of Arts and Sciences College Distribution Requirement E-Language, the student can seek out a distance education program and complete the equivalent of the 202-level course. The student must submit the request on the College Request for Substitution form and have the course work approved by a College advisor. The student then completes the course and has the distance education program send the transcript to the Admissions Office.

Third Language Option

If a student demonstrates knowledge of two foreign languages at the 102 level, the College of Arts and Sciences may consider waiving two semesters of the four semester College Distribution Requirements E-Languages requirement. If this waiver were granted, the student would then be required to complete 101 and 102 in another (3rd language) at UNL.

Minimum Hours Required for Graduation

A minimum of 120 semester hours of credit is required for graduation from the College of Arts and Sciences. A total grade point average of at least 2.0 is required.

Grade Rules

Restrictions on C- and D Grades

The College will accept no more than 15 semester hours of C- and D grades from other schools except for UNO and UNK. No transfer C- and D grades can be applied toward requirements in a major or a minor. No UNL C- and D grades can be applied toward requirements in a major or a minor.

Pass/No Pass Privilege

University regulations for the Pass/No Pass (P/N) privilege state:

  • The Pass/No Pass option is designed for your use by seeking to expand your intellectual horizons by taking courses in areas where you may have had minimal preparation.

For students in Arts and Sciences, the University regulations for Pass/No Pass apply as follows:

  • Neither the P nor the N grade contribute to your GPA.
  • P is interpreted to mean C or above.
  • A change to or from a Pass/No Pass may be made until mid-term (1/2 of the course).
  • The Pass/No Pass or grade registration cannot conflict with the policy of the professor, department, college, or University governing the grading option.
  • Changing to or from Pass/No Pass requires using the MyRED system to change the grading option or filing a Drop/Add form with the Office of the University Registrar, 107 Canfield Administration Building. After mid-term of the course, a student registered for Pass/No Pass cannot change to a grade registration unless the Pass/No Pass registration is in conflict with the policy of the professor, department, college, or University governing Pass/No Pass.
  • The Pass/No Pass grading option cannot be used for the removal of C- or D or F grades.

Pass/No Pass privileges in the College of Arts and Sciences are extended to students according to the following additional regulations:

  • Pass/No Pass hours can count toward fulfillment of University ACE requirements and college distribution requirements up to the 24-hour maximum.
  • Many Arts and Sciences departments and programs do not allow courses in the major or minor to be taken Pass/No Pass; students should refer to the department’s or program’s section of the bulletin for clarification. By college rule, departments can allow up to 6 hours of Pass/No Pass in the major or minor.
  • Departments may specify that certain courses of theirs can be taken only on a P/N basis.
  • The college will permit no more than a total of 24 semester hours of P/N grades to be applied toward degree requirements. This total includes all Pass grades earned at UNL and other U.S. schools. NOTE: This 24-hour limit is more restrictive than the University regulation.

Students who wish to apply P/N hours to their major and minor(s) must obtain approval on a form that is available in the Arts and Sciences Advising Center, 107 Oldfather Hall.

Grading Appeals

A student who feels that he/she has been unfairly graded must ordinarily take the following sequential steps in a timely manner, usually by initiating the appeal in the semester following the awarding of the grade:

1. Talk with the instructor concerned. Most problems are resolved at this point.

2. Talk to the instructor’s department chairperson.

3. Take the case to the Grading Appeal Committee of the department concerned. The Committee should be contacted through the department chairperson.

4. Take the case to the College Grading Appeals Committee by contacting the Dean’s Office, 1223 Oldfather Hall.

Course Level Requirements

Courses Numbered above 299

Thirty of the 120 semester hours of credit must be in courses numbered above 299. Of the 30 hours above 299, 15 hours (1/2) must be completed in residence at UNL. NOTE: ALEC 397E and ALEC 397K do not count toward these 30 hours.

Graduate Courses

Seniors in the University who have obtained in advance the approval of the dean for Graduate Studies may receive up to 12 hours credit for graduate courses taken in addition to the courses necessary to complete their undergraduate work, provided that such credits are earned within the calendar year prior to receipt of the baccalaureate. For procedures, inquire at the Office of Graduate Studies.

Course work taken prior to receipt of the baccalaureate may not always be accepted for transfer to other institutions as graduate work.

Residency

Residency Requirement and Open Enrollment and Summer Independent Study Courses

Students must complete at least 30 of the 120 total hours for their degree at UNL. Students must complete at least 1/2 of their major course work including 6 hours above 299 in their major, and 15 of the 30 hours required above 299 in residence. Credit earned during education abroad may be used toward the residency requirement if students register through UNL and participate in prior-approved education abroad programs. UNL open enrollment and summer independent study courses count toward residence.

ACE Requirements

Consistent with the mission and values of the University, ACE is based on a shared set of four institutional objectives and 10 student learning outcomes. The ACE program was approved by faculty in all eight undergraduate colleges and endorsed by the Faculty Senate, the student government, and the Academic Planning Committee in January 2008 for implementation in the fall 2009. ACE aligns with current national initiatives in general education.

Key characteristics of ACE demonstrate the benefits of the program to students:

  • Students receive a broad education with exposure to multiple disciplines, critical life skills and important reasoning, inquiry, and civic capacities.
  • ACE is simple and transparent for students, faculty and advisors. Students complete the equivalent of 3 credit hours for each of the ten student learning outcomes.
  • Students connect and integrate their ACE experiences with their selected major.
  • Students can transfer all ACE certified courses across colleges within the institution to meet the ACE requirement and any course from outside the institution that is directly equivalent to a UNL ACE-certified course. Courses from outside institutions without direct equivalents may be considered with appropriate documentation for ACE credit (see academic advisor).

ACE allows faculty to assess and improve their effectiveness and facilitate students’ learning.

ACE Institutional Objectives and Student Learning Outcomes

To meet the ACE Program requirement, a student will complete a minimum of 3 credit hours for each of the ten ACE Student Learning Outcomes (a total of 30 ACE credit hours). See the ACE website at: http://ace.unl.edu for the most current information and the most recently certified courses.

Bulletin Rule

Students must fulfill the requirements stated in the bulletin for the academic year in which they are first admitted to and enrolled as a degree-seeking student at UNL. In consultation with advisors, a student may choose to follow a subsequent bulletin for any academic year in which they are admitted to and enrolled as a degree-seeking student at UNL in the College of Arts and Sciences. Students must complete all degree requirements from a single bulletin year. Beginning in 1990-1991 the bulletin which a student follows for degree requirements may not be more than 10 years old at the time of graduation.