2009-10 Undergraduate Catalog
Majors
Economics teaches students how to look at a complex world and make sense of the wide variety of behaviors they observe. Students majoring in economics will learn the analytical skills used to understand how households, firms and governments make economic decisions, comparing costs and benefits in an effort to maximize their objectives.
Students will also learn the critical skills used to determine the implications of those economic decisions for the allocation of society's scarce resources, the pricing of goods and services, the distribution of income, the behavior of macroeconomic variables and the need for government intervention. These analytical skills are useful preparation for careers in business, government, public policy or academia. A degree in economics is especially appropriate for students intending to pursue advanced degrees in the social sciences and in professional schools of management, law, or public administration.
All CLAS students majoring in economics must complete a course in calculus, STA 2023, ECO 2013, ECO 2023, ECO 3101, and ECO 3203, and four economics electives from: ECO 3532, ECO 3704, ECO 3713, ECO 4400, ECO 4504, ECO 4730, ECO 4934, ECO 4935, ECP 3006, ECP 3113, ECP 3203, ECP 3302, ECP 3409, ECP 3510, ECP 3530, ECP 4213, ECP 4330, ECP 4403, ECP 4451, ECS 3403, ECS 4013 and ECS 4203. Students may substitute an approved course taught outside the department for one of their economics electives. Approved outside substitutes consist of AEB 3450, AEB 4274, AEB 4931, ECO 4956, ECS 4110, ECS 4111, FIN 3403 and GEO 3502. An outside substitute used to satisfy the economics elective requirement will not double count toward the CLAS outside-elective requirement. Students must achieve grades of C or higher in each required preprofessional and economics course, including the economics electives and outside substitutes.
Course prerequisites are strictly enforced. A current listing of course prerequisites is available each term in 267 Stuzin Hall.
Students planning to pursue graduate study in economics should consider a minor in mathematics or statistics or take the following mathematics and statistics courses:
MAC 2311/2312/2313, MAP 2302, either MAS 3114 or 4105, and STA 4321 and 4322. (Students taking advanced statistics might not be required to take STA 2023.)
To graduate with this major, students must complete all university, college and major requirements.
| Economics (CLAS) |
| College: Liberal Arts and Sciences |
| Degree: Bachelor of Arts |
| Hours for Degree: 120 |
| Minor: No |
| Combined-Degree Program: No |
| Website: www.cba.ufl.edu/eco/programs/undergrad/ |
Economics teaches students how to look at a complex world and make sense of the wide variety of behaviors they observe. Students majoring in economics will learn the analytical skills used to understand how households, firms and governments make economic decisions, comparing costs and benefits in an effort to maximize their objectives.
Students will also learn the critical skills used to determine the implications of those economic decisions for the allocation of society's scarce resources, the pricing of goods and services, the distribution of income, the behavior of macroeconomic variables and the need for government intervention. These analytical skills are useful preparation for careers in business, government, public policy or academia. A degree in economics is especially appropriate for students intending to pursue advanced degrees in the social sciences and in professional schools of management, law, or public administration.
All CLAS students majoring in economics must complete a course in calculus, STA 2023, ECO 2013, ECO 2023, ECO 3101, and ECO 3203, and four economics electives from: ECO 3532, ECO 3704, ECO 3713, ECO 4400, ECO 4504, ECO 4730, ECO 4934, ECO 4935, ECP 3006, ECP 3113, ECP 3203, ECP 3302, ECP 3409, ECP 3510, ECP 3530, ECP 4213, ECP 4330, ECP 4403, ECP 4451, ECS 3403, ECS 4013 and ECS 4203. Students may substitute an approved course taught outside the department for one of their economics electives. Approved outside substitutes consist of AEB 3450, AEB 4274, AEB 4931, ECO 4956, ECS 4110, ECS 4111, FIN 3403 and GEO 3502. An outside substitute used to satisfy the economics elective requirement will not double count toward the CLAS outside-elective requirement. Students must achieve grades of C or higher in each required preprofessional and economics course, including the economics electives and outside substitutes.
Course prerequisites are strictly enforced. A current listing of course prerequisites is available each term in 267 Stuzin Hall.
Students planning to pursue graduate study in economics should consider a minor in mathematics or statistics or take the following mathematics and statistics courses:
MAC 2311/2312/2313, MAP 2302, either MAS 3114 or 4105, and STA 4321 and 4322. (Students taking advanced statistics might not be required to take STA 2023.)
To graduate with this major, students must complete all university, college and major requirements.
Critical Tracking and Recommended Semester Plan
Semester 1:
- 2.0 UF GPA required for semesters 1-5
Semester 2:
- Complete 1 of 4 courses (ECO 2013, ECO 2023, MAC 2233 and STA 2023) with a 2.5 GPA on critical-tracking coursework, excluding ECO 3101
Semester 3:
- Complete 1 additional course of the 4 courses with a 2.75 GPA on critical-tracking coursework, excluding ECO 3101
Semester 4:
- Complete 2 additional courses of the 4 courses with a 3.0 GPA on all critical-tracking coursework, excluding ECO 3101
Semester 5:
- Maintain a 3.0 GPA on all critical-tracking coursework, excluding ECO 3101
- Complete ECO 3101 with a grade of C or better
To remain on track, students must complete the appropriate critical-tracking courses, which appear in bold.
For degree requirements outside of the major, refer to CLAS Degree Requirements — Structure of a CLAS Degree.
For degree requirements outside of the major, refer to CLAS Degree Requirements — Structure of a CLAS Degree.
Recommended semester plan
| Semester 1 | Credits |
| ECO 2013 Principles of Macroeconomics (GE-S) | 4 |
| Composition (GE-C, WR) | 3 |
| Foreign language | 4-5 |
| Humanities (GE-H) | 3 |
| Total | 14-15 |
| Semester 2 | Credits |
| ECO 2023 Principles of Microeconomics (GE-S) | 4 |
| MAC 2233 Survey of Calculus 1 (GE-M) | 3 |
| Foreign language | 3-5 |
| Physical Science (GE-P) | 3 |
| Science laboratory (GE-P or GE-B) | 1 |
| Total | 14-16 |
| Semester 3 | Credits |
| STA 2023 Introduction to Statistics 1 (GE-M) | 3 |
| Biological Science (GE-B) | 3 |
| Elective (or foreign language if 4-3-3 option) | 6 |
| Humanities (GE-H) | 3 |
| Total | 15 |
| Semester 4 | Credits |
| Composition (GE-C, WR) | 3 |
| Electives | 6 |
| Humanities (GE-H) | 3 |
| Physical Science (GE-P) | 3 |
| Total | 15 |
| Semester 5 | Credits |
| ECO 3101 Intermediate Microeconomics (GE-S) | 4 |
| Biological Science (GE-B) | 3 |
| Electives | 9 |
| Total | 16 |
| Semester 6 | Credits |
| ECO 3203 Intermediate Macroeconomics | 4 |
| Electives (3000 level or above, not in major) | 6 |
| Electives | 3 |
| One economics course (3000 level or above) | 4 |
| Total | 17 |
| Semester 7 | Credits |
| Electives (3000 level or above, not in major) | 6 |
| Two economics courses (3000 level or above) | 8 |
| Total | 14 |
| Semester 8 | Credits |
| Electives (3000 level or above, not in major) | 6 |
| Electives | 7-4 |
| One economics course (3000 level or above) | 4 |
| Total | 17-14 |