Economics is where business, applied mathematics, and human behavior meet.

Studying it requires not only an analytical mind, but also curiosity about contemporary events and society as a whole.

Top Reasons to Choose Economics at FSC

  • Take courses that stress both theory and application.
  • Our graduates earn Ph.D.s at Yale, Rutgers, and the London School of Economics.
  • FSC alumni work for the World Bank, the European Union, and in corporate law.
  • An economics degree shows employers you’re creative, logical, and disciplined.
  • Economics majors earn one of the highest starting salaries in the U.S.

As an economics major at FSC, you’ll develop the analytical and strategic thinking skills necessary to predict market trends, analyze market structures, and assess the likely effects of government economic policies. More importantly, you’ll be prepared to help tackle some of the world’s most challenging issues.

Engaged Learning in the Classroom

Economics courses at FSC require significant participation—all designed to enhance your public speaking ability and your ability to lead group discussions. You’ll also write papers analyzing current economic issues that draw on up-to-the-minute resources such as the Wall Street Journal and master material by defending your research findings and recommendations as the rest of the class poses questions.

And as a senior, you’ll complete a thesis requiring advanced research on a topic you choose. Past topics range from salaries in baseball to Florida’s grapefruit industry to the economics of criminal behavior.

Graduate & Professional Opportunities

Our graduates frequently enter careers in banking and finance, government, and teaching. Many work as foreign exchange traders and stockbrokers, financial consultants, and investment advisers.

FSC students have been admitted to prestigious graduate programs at Yale, London School of Economics, Florida State University, American University, Vanderbilt University, University of Stockholm, and Stetson Law School.


Special Features

Gain professional experience and build your network through internship opportunities at sites such as Credit Suisse and Goldman Sachs.

You’ll work with faculty who are dedicated teachers and active scholars publishing their research in leading journals. But they also bring to the classroom experience they’ve gained serving as economic consultants and working in the brokerage industry.


 

Degree Requirements

Economics Major Requirements

A. General Education Requirements 40 hours
B. Major Requirements 36 hours
ECO 2205 Principles of Microeconomics
ECO 2207 Principles of Macroeconomics
ECO 3305 Microeconomic Theory
ECO 3307 Macroeconomic Theory
ECO/BUS 3320 Applied Statistics of Business and Economics

Sixteen hours in economics electives selected from the following:

ECO 3308 Monetary Economics
ECO 3319 Labor Economics
ECO 3345 Economics and the Environment
ECO 4406 Public Economics
ECO 4407 International Trade and Finance
ECO 4415 Industrial Organization
ECO 4999 Contemporary Issues in Economics
C. Bachelor of Arts Degree Requirements 20 hours
or  
D. Bachelor of Science Degree Requirements 12 hours
E. Electives 32-40 hours
E. Total 128 hours

Planning on Graduate School?

Students anticipating graduate study are advised to enroll in additional quantitative courses and other appropriate electives. Your adviser can help you select the right courses.

Minor in Economics

To earn a minor in economics you will need to complete 18 hours of ECO courses successfully.


 

Course Descriptions

ECO 2205 PRINCIPLES OF MICROECONOMICS
Four hours. Consumer behavior and aggregation to markets, producer behavior, theory of the firm, and aggregation to markets analysis: production and pricing of goods, factors of production and their attendant input markets and distribution of output, elasticities and incidence of a tax. Gen Ed: Qn

ECO 2207 PRINCIPLES OF MACROECONOMICS
Four hours. National income and product accounts; theory of aggregate supply and demand, employment, consumption, investment, price level, economic growth, money, currency exchange, the Federal Reserve, interest rates, and comparative economic systems. Gen Ed: Qn

ECO 3305 MICROECONOMIC THEORY
Four hours. Prerequisite: ECO 2205. Decision making in a market-oriented economy. Consumer theory, production theory, and pricing and output under differing market structures.

ECO 3307 MACROECONOMIC THEORY
Four hours. Prerequisite: ECO 2207. National income and product accounts; IS-LM models; theory of aggregate supply and demand, employment, consumption, investment, price level, and economic growth.

ECO 3308 MONETARY ECONOMICS
Four hours. Prerequisites: ECO 2205 and ECO 2207. An analysis of the monetary and banking systems and the impact of the financial sector upon real economic variables. Topics include the Federal Reserve System, monetary policy and implementation, and the relation of domestic and international financial markets and monetary problems.

ECO 3319 LABOR ECONOMICS
Four hours. Prerequisites: ECO 2205 and ECO 2207 or equivalents. Economic theory and analysis dealing with the allocation of labor as an input to the production process. Wage rate determination, micro and macro unemployment, and income differentials are integrated topics throughout the course. The theory of human capital and valuation is covered in depth.

ECO 3320 APPLIED STATISTICS OF BUSINESS AND ECONOMICS
Four hours. Same as BUS 3320. Prerequisite: MAT 2022 or its equivalent or permission of the instructor. Mathematical statistical tools for managerial analysis, research, and decision making. Data collection and presentation, hypothesis testing, regression analysis, time series analysis and forecasting. Gen Ed: Qn

ECO 3345 ECONOMICS AND THE ENVIRONMENT
Four hours. Prerequisite: ECO 2205. Topics include valuing environments, property rights, externalities, population problems, renewable and non-renewable resource, and pollution. Gen Ed: Qn

ECO 4406 PUBLIC ECONOMICS
Four hours. Prerequisites: ECO 2205 and ECO 2207. An examination of the public sector and its contribution to and interference with economic welfare. The course will include an analysis of expenditures and revenues with regard to their allocation and distribution effects; the concept and significance of private goods and social goods; the role of regulatory agencies; and an examination of fiscal policy as a means of promoting economic stabilization and growth.

ECO 4407 INTERNATIONAL TRADE AND FINANCE
Four hours. Prerequisites: ECO 2205 and ECO 2207. An analysis of the causes and consequences of international trade and investment. Topics include theories of trade; U.S. trade policy; the balance of payments; exchange rates; and the international monetary system.

ECO 4415 INDUSTRIAL ORGANIZATION
Four hours. Prerequisite: ECO 2205. A study of policy approaches to the problems of monopoly; industrial market structures and how they influence firm conduct and economic performance; welfare implications of oligopoly pricing and non-price competition; government regulation and antitrust policies in theory and practice.

ECO 4999 CONTEMPORARY ISSUES IN ECONOMICS
Four hours. Prerequisite: Final semester senior status or permission of the instructor. Selected topics. Opportunity for original research in economics. Major research paper with formal public presentation.