Economics

Economics
B.A. Degree — Economics Major

In addition to the general education requirements, majors in Economics must complete a concentration of 36 semester hours in Economics, Accounting, and Business Administration including:

ACCT2310 Financial Accounting 3 s.h.
ACCT2320 Managerial Accounting 3 s.h.
ECON1300 Principles of Macroeconomics 3 s.h.
ECON1320 Principles of Microeconomics 3 s.h.
ECON3350 Intermediate Microeconomic Theory 3 s.h.
ECON3360 Intermediate Macroeconomic Theory 3 s.h.
ECON4300 Research Seminar 3 s.h.
Upper Division Electives in Economics 12 s.h.
Upper Division Electives in Business Administration, Accounting, or Economics 3 s.h.

An Economics major must also complete:
BUAD1420 Math for Decision Making or MATH1510 Calculus I 3 s.h.
MATH1380 Introduction to Statistics 3 s.h.
and one of the following:
MATH1280 College Algebra 3 s.h.
MATH1330 Elementary Functions
MATH1350 Discrete Mathematics
MATH1510 Calculus I

A minor in Economics consists of 18 semester hours including ECON1300, ECON1320, ECON3350 and ECON3360.
Teacher Certification in Economics
  1. FOR NON-ECONOMICS MAJORS WHO WANT A SECONDARY ECONOMICS ENDORSEMENT (5-12):
    Non-Economics majors desiring a secondary Economics endorsement (5-12) in Iowa must complete the Secondary Education Program (with SOSC3390 Methods of Teaching Social Studies as the appropriate methods course), a major in a secondary teaching field, and one of the following: (A.) 24 s.h. in Economics, (B.) 30 s.h. in the broad area of Social Sciences to include 15 s.h. in Economics.
Courses in Economics
ECON1200 Economics of Contemporary Issues 3 s.h.
An introduction to economics and economic analysis through the examination of a variety of social, economic and political issues. Goal 2d (Goal 2C Catalog 0809+)
ECON1300 Principles of Macroeconomics 3 s.h.
Analysis of the fundamental principles of the American economic system, centering on price, national income, fiscal policy, monetary policy, money, and banking. Prerequisite: 1 year high school algebra; geometry recommended. Goal 2d (Goal 2C Catalog 0809+)
ECON1320 Principles of Microeconomics 3 s.h.
Analysis of the fundamental principles of the American economic system, centering on price, production, market structures, international trade and finance, and a survey of contemporary economic problems. Prerequisite: ECON1300. Goal 2d (Goal 2C Catalog 0809+)
ECON2000 Individual Study Goal 2d (Goal 2C Catalog 0809+) 1-3 s.h.
ECON3000 Individual Study Goal 2d (Goal 2C Catalog 0809+) 1-3 s.h.
+ ECON3200 Public Finance 3 s.h.
An examination of the taxation policies and expenditure programs of the public sector. Related topics include public goods, income distribution, and public choice theory. Prerequisite: ECON1320. Goal 2d (Goal 2C Catalog 0809+)
+ ECON3220 Economics of Sports 3 s.h.
An application of economic theory to the business of sports. Areas include labor economics, public finance, and the theory of the firm. Prerequisite: ECON1320. Goal 2d (Goal 2C Catalog 0809+)
+ ECON3250 Entrepreneurship and Free Enterprise (Also BUAD3250) 3 s.h.
To study and hear from the cast of entrepreneurs who have been, or are involved, in the drama of U.S. business. To help each student evaluate their own spirit and personality to see if they have entrepreneurial skills and talents. Prerequisite: ECON1320. Goal 2d (Goal 2C Catalog 0809+)
ECON3280 Economic Development (also GEOG3280) 3 s.h.
A survey of various analytic approaches to the problem of economic development in Asia, Africa, and Latin America, and an examination of their significant policy problems. (Goal 2C Catalog 0809+)
ECON3320 Money and Banking 3 s.h.
A study of monetary institutions, monetary theory and policy implications, and the principles of our banking system. Prerequisite: ECON1320. Goal 2d (Goal 2C Catalog 0809+)
ECON3350 Intermediate Microeconomic Theory 3 s.h.
A study of contemporary consumption, production, pricing resource allocation, and distribution theory. Prerequisite: ECON1320. Goal 2d (Goal 2C Catalog 0809+)
ECON3360 Intermediate Macroeconomic Theory 3 s.h.
A study of national income determination theory and stabilization policies. Prerequisite: ECON1320. Goal 2d (Goal 2C Catalog 0809+)
+ ECON3430 Managerial Economics 3 s.h.
Considers the business enterprise as an economic and social institution. Particular attention is given to the theory of the firm and the application of the theory in problem-solving. Prerequisites: MATH1380 and ECON3350. Goal 2d (Goal 2C Catalog 0809+)
ECON3440 International Economics 3 s.h.
Theories of international trade, foreign exchange markets, resource movements and international economic policies. Prerequisite: ECON1320. Goal 2d (Goal 2C Catalog 0809+)
ECON3900 Topics in Economics 1-3 s.h.
Study of selected topics from areas in economics such as industrial, agricultural, governmental, and historical economics. Topics are announced prior to each semester they are offered. May be repeated for credit when the topics vary. Goal 2d (Goal 2C Catalog 0809+)
ECON4000 Individual Study Goal 2d (Goal 2C Catalog 0809+) 1-3 s.h.
ECON4100 Investment Analysis (also BUAD4100) 3 s.h.
A study of the fundamental principles underlying the analysis of investments. Prerequisites: ACCT2320, BUAD3380, and ECON1320. Goal 2d (Goal 2C Catalog 0809+)
ECON4300 Research Seminar 3 s.h.
Students investigate theoretical and applied topics and present their findings. Prerequisites: ECON3350, ECON3360. Goal 2d (Goal 2C Catalog 0809+)
ECON5100 Free Market Economics 3 s.h.
A study of the fundamental principles of the institution of free enterprise and the practice of entrepreneurship. This course is designed primarily for high school social studies teachers.
+ Denotes an alternate year course.
Graceland University - 
Lamoni Campus | 1 University Place | Lamoni, IA 50140 | 641.784.5000
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