student handbook 2 · and lots of fun and interesting people have majored in economics. scott...
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Student Handbook 2.0
* * * * * *
Department of Economics
* * * * *
213 McElhaney Hall
College of Humanities and Social Sciences
Indiana University of Pennsylvania
Indiana, PA 15705-1087
724-357-2640
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Message from the Department Chair 5
Studying Economics at IUP 6
Department Faculty 7
The World of Economics 9
Curriculum and Programs of Study 11
Scholarships and Awards 18
Career Opportunities 20
Finding a Job 21
Graduate School Opportunities 22
Taking Advantage of Your Current Opportunities 26
FAQ 28
Course Offerings 33
Appendices: Curriculum Checklists 39
TABLE OF CONTENTS
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W elcome to the Department of Economics at IUP!
We have ten faculty members united in a common mission of providing
the best undergraduate education possible. Economics majors enjoy
close interactions with faculty members.
Classes are small. Introductory classes average about 45 students each
and upper-level classes average about 23 students. There are many
opportunities to interact with faculty both inside and outside of class.
Want to talk economics? Great. Stop by our offices. Want to talk sports
or music? Even better. We're easy to find. Don't hide. Our faculty want
to know who you are. Our faculty care.
Economics graduates enter rewarding careers. Our alumni have rung up
an impressive list of accomplishments. Many of our students enter
graduate programs. Some continue in economics, others branch into
related areas such as law or business or statistics or public administra-
tion.
As you examine the information about our department's programs and
curriculum in this Student Handbook, you will find a strong, diversified,
and student-oriented department.
We hope you have great success in your undergraduate career here at
Indiana University of Pennsylvania. If you have questions or would like
more information about our department and programs, do not hesitate
to contact me.
Dr. Nicholas Karatjas, Professor and Chair
Department of Economics
(724) 357-2640
MESSAGE FROM THE DEPARTMENT CHAIR
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E conomics provides a background and educational base that open a
broad range of professional, educational, and vocational opportu-
nities. Studying economics is also a potentially lucrative choice (see ta-
ble below). As a department housed in the College of Humanities and
Social Sciences, a Bachelor of Arts degree in economics provides a lib-
eral arts education, as well as professional and technical training. In-
deed, many students completing an undergraduate major in economics
do not pursue careers as professional economists; they enter such fields
as law, management, finance, and labor relations. By helping to develop
a student’s ability to think and communicate, economics provides a firm
foundation upon which the
student can build any one of a
large number of possible ca-
reers.
Several different degree pro-
grams are available: a Bache-
lor of Arts degree with a ma-
jor in economics that prepares
students for immediate em-
ployment or graduate school;
a Bachelor of Arts degree with
a major in Economics/Pre-Law
track for students who wish to
attend law school; a Bachelor
of Arts degree with a major in
Economics/Mathematics com-
bining courses in both areas
for preparation for graduate
study or for employment in
applied fields such as policy
analysis and research; and the Bachelor of Science in Education that
prepares students to teach economics and other social sciences in sec-
ondary schools. There is also an honors track specifically designed for
motivated and exceptional students. These programs will allow students
who are seeking admission to graduate or professional schools to get
an early start working in a challenging and academically vigorous envi-
ronment.
This Student Handbook is designed to assist you during your time here
at IUP. If you have any questions, this is your first stop. It is also im-
portant to know that the faculty are readily available for consultation
and advising.
STUDYING ECONOMICS AT IUP
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James A. DyalJames A. DyalJames A. DyalJames A. Dyal, Professor, Ph.D., University of Illinois
Specialties: Urban and Regional Economics, Economics of Human Re-
sources, Labor Economics, International Trade
McElhaney 213G, (724) 357-4856
Sarah E. JacksonSarah E. JacksonSarah E. JacksonSarah E. Jackson, Assistant Professor, Ph.D., University of Illinois
Specialties: Labor Economics, Public Economics, Economics of Educa-
tion, Family Economics
McElhaney 202C, (724) 357-4827
James J. JozefowiczJames J. JozefowiczJames J. JozefowiczJames J. Jozefowicz, Associate Professor and Co-Director, IUP Center for
Economic Education, Ph.D., State University of New York at Albany
Specialties: Econometrics, Economic Education, Industrial Organiza-
tion, Managerial Economics, Monetary Economics
McElhaney 202E, (724) 357-4774
Stephanie M. JozefowiczStephanie M. JozefowiczStephanie M. JozefowiczStephanie M. Jozefowicz, Associate Professor and Co-Director, IUP Cen-
ter for Economic Education, Ph.D., Indiana University
Specialties: Economic Education, Game Theory & Experimental Meth-
ods, International Economics, Public Economics
McElhaney 202B, (724) 357-2642
Jack D. Julian, Jr.Jack D. Julian, Jr.Jack D. Julian, Jr.Jack D. Julian, Jr., Assistant Professor, Ph.D., University of Cincinnati
Specialties: Econometrics and Statistical Methods, Economic Develop-
ment, International Trade, International Finance, Economic Education
McElhaney 213B, (724) 357-4771
Nicholas KaratjasNicholas KaratjasNicholas KaratjasNicholas Karatjas, Professor and Chairperson, Ph.D., State University of
New York at Stony Brook
Specialties: Economic Education, Health Economics, Managerial Eco-
nomics, Tourism Economics
McElhaney 213F, (724) 357-4855
Todd B. PottsTodd B. PottsTodd B. PottsTodd B. Potts, Associate Professor, Ph.D., University of Georgia
Specialties: Econometrics, Empirical Macroeconomics, Industrial Or-
ganization, Monetary Economics, Sports Economics
McElhaney 213C, (724) 357-4770
DEPARTMENT OF ECONOMICS FACULTY
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Willard W. RadellWillard W. RadellWillard W. RadellWillard W. Radell, Professor, Ph.D., University of Illinois
Specialties: Comparative Systems, Economic History, Industrial Or-
ganization, Managerial Economics, Statistical Graphics
McElhaney 213D, (724) 357-4776
Yaya SissokoYaya SissokoYaya SissokoYaya Sissoko, Assistant Professor, Ph.D., Southern Illinois University
Carbondale
Specialties: Economic Development, Econometrics, International Eco-
nomics, International Finance, Macroeconomics, Mathematical Eco-
nomics, Monetary Economics
McElhaney 213E, (724) 357-4781
David B. YergerDavid B. YergerDavid B. YergerDavid B. Yerger, Associate Professor, Ph.D., The Pennsylvania State Uni-
versity
Specialties: Empirical Macroeconomics, Industrial Organization, Inter-
national Economics
McElhaney 202D, (724) 357-4775
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DEPARTMENT OF ECONOMICS STAFF
Debbie BaccoDebbie BaccoDebbie BaccoDebbie Bacco, Department Secretary
McElhaney 213, (724) 357-2640
Back row (left to right): Jim Dyal; Yaya Sissoko; James Jozefowicz; Todd Potts.
Middle row: Nicholas Karatjas, Chair; Willard Radell; David Yerger; Jack Julian.
Front row: Debbie Bacco, Secretary; Sarah Jackson; Stephanie Jozefowicz.
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W hat a great major! Students choose it for many different rea-
sons: it helps explain the real world, it offers hope and clarity
on ways to improve the world, and it combines the rigor and elegance of
math and logic with the philosophy of what is and what could and
should be. The analytical skill of economists is useful in evaluating al-
ternative methods of achieving society's goals and objectives and in for-
mulating strategies and policies that will help to achieve these objec-
tives.
Inflation, unemployment, economic growth, health care, poverty, crime,
pollution, education, monopoly and many other issues are examined.
Economics is a problem-oriented social science, and the problems with
which it is especially concerned are among the most critical of our age.
Should we cut tax rates or reform welfare or regulate health-care prices?
What caused the Asian financial crash? Will U.S. stock prices continue to
climb? How might we combat unemployment or cure a foreign-trade
deficit? Economics is splashed across every front page every day. It fills
our newspapers and pervades our politics. The relevance of economics
to vital social and individual choices attracts many students.
The accomplishments of economics have established it as the most suc-
cessful social science. We have confounded history by avoiding a de-
pression for more than 60 years, and we have developed and pushed
competitive policies leading to unprecedented levels of output and
wealth. In recognition of our scientific success, the Royal Swedish
Academy of Science awards an annual Nobel Prize for Economics, the
sole social science to be so honored. The President of the United States
maintains a Council of Economic Advisors; no such permanent agency
exists for any other social or natural science. Economic thought has
literally transformed society. As John Maynard Keynes wrote in 1936,
"Practical men, who believe themselves to be quite exempt from any
intellectual influences, are usually the slaves of some defunct econo-
mist."
Students sometimes become impatient with the seemingly endless con-
jectures that characterize most social sciences. Economics can be their
refuge. Economists develop scientific models to organize facts and
think about policy alternatives. We make behavioral assumptions, work
out the logical implications of those assumptions, and use sophisticated
statistical techniques to test these implications with real-world data.
Developing theories with predictive content is a goal of every science.
And economics leads the social science pack. The rational choice model
WELCOME TO THE WORLD OF ECONOMICS
Economics deals with vital current problems.
Economics is a successful and prestigious social science.
Economics has a highly developed and successful theoretical structure.
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underlying economic theory has proven to be so successful that we are
now busily exporting it to other social science disciplines.
Some majors are dead-ends or lead to relatively few alternative futures.
Not economics. Alternatives for economic majors are unusually varied.
They include business, finance, journalism, policy research, education,
administration, politics, government service, labor relations and many
types of graduate study. In the eyes of many employers, economics
majors are a preferred employment risk. Employers know that econom-
ics is not a major for students seeking an easy ride. They know that the
analytical rigor and demands of economics attract better students seek-
ing a challenge. To be a graduate in economics is itself a valuable cre-
dential and explains why salaries of economists are higher than those
earned by other social scientists.
More importantly, because economics stresses analysis rather than
facts, economists are well placed to meet the changing needs of modern
jobs. What matters in today's world is not what you know. Information
becomes outdated quickly. Facts change. Issues change. Jobs change.
What matters is your ability to think. Employers need people who can
think, who can analyze new issues and solve new problems. That's what
economics is about. Economics is not a body of facts; it is a way of
thinking. In the words of IUP graduate Chris Johnston, Vice President of
a multi-billion dollar investment firm, "Economics teaches us to con-
front problems, to size them up, and wrestle with creative solutions.
That is what firms hire you to do."
That's right, it's fun. Where else can you interlace analyses of oil prices
with theories of love and marriage? Economics is not just about stock
markets and unemployment rates. Economics is about choice – all kinds
of choices. The same economic way of thinking that can analyze Micro-
soft's pricing strategies can shed light on law and crime, on love and
marriage, on biological evolution, on life and death, and even on reli-
gious faith. Economics is everywhere.
And lots of fun and interesting people have majored in economics.
Scott Adams, the creator of Dilbert, was an economics major. So were
former Justice Sandra Day-O'Connor, NFL head coach Bill Belichick, for-
mer Denver Bronco’s quarterback John Elway, Mick Jagger (Rolling
Stones), Ray Manzerek (The Doors), actress Cate Blanchett, actor and
chef Paul Newman, actor and politician Arnold Schwarzenegger, billion-
aire media magnate Ted Turner, real estate magnate Ted Turner, and
UN Secretary General Kofi Annan.
Economics is fun!
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Economics opens a variety of future options.
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CURRICULUM AND PROGRAMS OF STUDY
The Department of Economics at IUP offers a broad range of courses.
We offer Principles of Macroeconomics (ECON 121) and/or Principles of
Microeconomics (ECON 122). These courses, which may be taken in
either order, provide a solid overview of economic analysis and issues
and serve as prerequisites for upper-level courses. An alternative intro-
ductory course is Basic Economics (ECON 101), a one-semester survey
course for students planning to take only one course in the field. Note:
It does not count toward a major or minor and may not be scheduled by
anyone currently taking another economics class or anyone who has
already been granted IUP credit for an economics course.
In addition to advanced theory courses in both macroeconomics and
microeconomics, we offer more than 20 upper-level courses that span
the discipline. Students interested in banking might consider Monetary
Economics while those interested in international issues will probably
want to take International Trade, International Finance, and Economic
Development. We also offer courses in managerial economics, public
policy, labor, econometrics and much more. Independent study and
internship options are available as well.
Many courses are offered every semester while others are offered on a
rotating basis. Sample course syllabi and information on future offer-
ings are available in the department office.
Majors have a choice of four different degree programs. We offer a
Bachelor of Arts in Economics, a Bachelor of Arts in Economics/Pre-Law
Track, a Bachelor of Arts in Economics/Mathematics, and, through the
College of Education, a Bachelor of Science in Social Studies Education/
Economics Track. Detailed curriculum checklists for each program are
in the appendices of this handbook. (They are also available outside the
department office and may be downloaded from the Department of Eco-
nomics web site at http://www.chss.iup.edu/economics/Programs/.)
The B.A. in Economics gives students a broad preparation for many ca-
reers and programs of graduate study. It provides flexibility in terms of
choosing specific courses and free electives coincident with a student's
interests and abilities.
All students in this major must complete IUP's graduation requirement
of 120 credits with a minimum overall 2.00 grade-point-average (GPA).
Introductory Courses
Advanced Courses
Majors
Bachelor of Arts in Economics
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As part of completing the degree, they must fulfill the university's Lib-
eral Studies requirements and the College of Humanities and Social Sci-
ences (CHSS) foreign language requirement. In addition, students must
complete a minimum of 34 credits in the major. Required courses in-
clude:
Principles of Macroeconomics (ECON 121)
Principles of Microeconomics (ECON 122)
Macroeconomic Analysis (ECON 421)
Microeconomic Analysis (ECON 422)
A course in calculus (MATH 115, 121, or 123)
A course in probability and statistics (normally MATH 214, 216, or
217)
Fifteen credits of advanced economics electives. No more than two
of these ECON controlled electives may be 200-level courses.
A minimum 2.00 GPA must be maintained in the major (including the
courses in calculus and in probability and statistics). Grades of D are
acceptable as long as the student earns enough A and B grades to keep
the GPA in the major at or above the required 2.00. Courses such as
ECON 121 and calculus may be double-counted toward both the major
and the liberal studies requirements.
IUP offers a program for law school preparation. There is a great de-
mand for lawyers, but there are many applicants to law schools and an
ever-increasing flow of new lawyers from law schools. In fact, the num-
ber of new lawyers is so great that average salaries in the legal profes-
sion are held down because of oversupply. Furthermore, the caliber of
the students in law schools is rising continuously, and the competition
within law schools is intense. To obtain admission to law school, stu-
dents must have a serious, mature, professional interest in a legal ca-
reer. Their grades must be excellent, and they must be familiar with a
wide range of subject matters to achieve a good score on the Law
School Admission Test (LSAT).
As the table on the next page indicates, economics majors score excep-
tionally well on entrance exams for law schools (LSAT). A foundation in
economics is critical for many legal specialties and prepares students
for the rigor of legal analysis and reasoning. Many controversial legal
issues (e.g., ones relating to pollution, resource scarcity, pension rights,
intellectual property rights and social security) are largely economic in
basis. The lawyer equipped with an economics background is certain to
have a real advantage in litigation and in efforts to find better solutions
to problems.
Bachelor of Arts in Economics/Pre-Law Track
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The IUP Pre-Law Program is designed to help students
obtain admission to and be successful in law school. It
consists of a major in a particular discipline. Students
must major in one of the following seven disciplines:
Business, Criminology, Economics, English, History,
Philosophy, or Political Science. They then take addi-
tional pre-law course work chosen from each of the
other departments.
The student pursuing a B.A. in Economics/Pre-Law
Track must complete most of the same requirements
as students in the B.A. in Economics, plus twenty-one
credits of pre-law courses as described below. This
provides the range of academic experience that law
schools have indicated is desirable. At least one
course must be selected from each area other than the
student's major. The remaining three required credits
are chosen from any of those six disciplines. Each
course below carries three credits.
Business ACCT 201 Accounting Principles I
ACCT 202 Accounting Principles II
BLAW 235 Introduction to Business
Law
Criminology CRIM 210 Criminal Law
CRIM 215 Survey of Courts and the
Criminal Justice System
CRIM 255 Law, Social Control, and
Society
English ENGL 212 American Literature: Begin-
nings to 1900
ENGL 220 Advanced Composition I
ENGL 310 Public Speaking
History HIST 320 History of England to 1688
HIST 321 History of England, 1688 to
present
HIST 346 Recent U.S. History
Philosophy PHIL 101 Informal Logic: Methods of
Critical Thinking
PHIL 222 Ethics
PHIL 450 Philosophy of Law
AVERAGE LSAT SCORES BY UNDER-
GRADUATE MAJOR FIELD OF STUDY,
2002-2003
Major fieldMajor fieldMajor fieldMajor field Average ScoreAverage ScoreAverage ScoreAverage Score Number of Number of Number of Number of
StudentsStudentsStudentsStudents
Physics/math 158.9 723
Philosophy/Religion 157.4 2,410
EconomicsEconomicsEconomicsEconomics 156.6156.6156.6156.6 4,1634,1634,1634,163
Government/service 155.5 811
Engineering 155.4 3,367
Anthropology/geography 155.2 1,103
International relations 155.1 1,557
History 155.0 4,716
Computer Science 154.8 1,115
Chemistry 154.5 1,000
English 154.5 6,736
Biology 154.4 3,110
Arts 154.2 2,534
Foreign languages 154.0 1,174
Finance 152.6 3,492
Political Science 152.1 15,023
Psychology 152.1 5,164
Accounting 151.1 2,232
Sociology/social work 151.1 4,337
Journalism/
communication 150.9 4,281
Health profession 150.4 1,120
Marketing 150.2 2,068
Liberal arts 149.9 1,447
Management 149.7 4,189
Business administration 149.6 2,615
Education 148.9 728
No major/other 148.1 8,197
Prelaw 147.4 856
Criminology 145.1 4,123
Weighted meanWeighted meanWeighted meanWeighted mean 152.2152.2152.2152.2 94,39194,39194,39194,391
Grouped by major field with at least 700 students
taking the Law School Admissions Test (LSAT). Nieswiadomy, M. 2006. LSAT scores of economics
majors: The 2003-2004 class update. Journal of
Economic Education 37 (Spring) 244-247.
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Political PLSC 358 Judicial Process
Science PLSC 359 Constitutional Law and Civil Liberties
PLSC 361 Modem Political Thought
The IUP Pre-Law Program has a simple administration structure de-
signed to be of maximum assistance to the student. Dr. David Yerger
serves as advisor to pre-law track economics majors. Dr. Gwen Torges
of the Department of Political Science serves as the Director of the Pre-
Law Program at the university. Interested students should consult with
Dr. Yerger (see contact information on page 8) or Dr. Torges. (Dr. Gwen
Torges, 103 Keith Hall Annex, 724-357-2290.) The Pre-Law Board,
composed of representatives from the participating disciplines, is the
policy-making organization of the program and determines its curricu-
lum. The Board also provides special programming throughout the year
to provide pre-law students with information about law schools, law
school entrance requirements, and the profession of law.
A solid background in mathematics is essential for advanced theoretical
and applied work in economics. Similarly, students with talent and in-
terest in mathematics find economics an excellent field in which to ap-
ply their skills. There is an increasing demand for students trained in
both disciplines. The Bachelor of Arts in Economics/Mathematics com-
bines these complementary subjects in a joint degree program adminis-
tered cooperatively by the Departments of Economics and Mathematics.
Students declaring an economics/mathematics major will be assigned
an advisor in each department. Graduates will have an exceptional
background for graduate study in economics and such related fields as
business, public policy, or operations research. They also will be ideally
prepared to fill a wide variety of technical and quantitative positions in
government and private industry.
All students in this major must complete IUP's graduation requirement
of 120 credits with a minimum 2.00 grade-point-average (GPA). They
must also complete the university's Liberal Studies requirements and the
College of Humanities and Social Sciences (CHSS) foreign language re-
quirement. In addition, students must complete a minimum of 53 cred-
its in the major. Required courses include:
Principles of Macroeconomics (ECON 121)
Principles of Microeconomics (ECON 122)
Macroeconomic Analysis (ECON 421)
Microeconomic Analysis (ECON 422)
Calculus I for Physics, Chemistry and Mathematics (MATH 123)
Calculus II for Physics, Chemistry and Mathematics (MATH 124)
Bachelor of Arts in Economics/Mathematics
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Introduction to Linear Algebra (MATH 171)
Probability and Statistics (either MATH 216 or ECON 355)
Twelve credits of advanced economics electives. No more than one
of these ECON controlled electives may be a 200-level course.
A two-semester math sequence (either MATH 241 and 371, MATH
363 and 364, or MATH 445 and 446)
Three additional math courses from the above sequences or MATH
271, 272, 342, 417 or 418, 421, 422, 423, 425, 427, 451, 465,
476, 477.
A minimum 2.00 GPA must be maintained in the major. Grades of D are
acceptable as long as the student earns enough A and B grades to keep
the GPA in the major at or above the required 2.00. Courses such as
ECON 121 and MATH 123 may be double-counted toward both the ma-
jor and the liberal studies requirements.
The honors program is open by departmental permission to Economics,
Economics/Mathematics, and Economics/Pre-Law majors with a mini-
mum 3.25 cumulative GPA and a 3.25 GPA in Economics courses. Stu-
dents complete ECON 355, 356, 483, and HNRC 499, which fulfills the
Liberal Studies Synthesis requirement. Students must earn at least a C in
each course completed for the track. Students should consult their advi-
sors to determine how honors track courses will be integrated into ex-
isting requirements for the Economics, Economics/Mathematics, or Eco-
nomics/Pre-Law majors. Students with multiple majors must have their
“home” department in the College of Humanities and Social Sciences to
be eligible for the honors track.
To apply, an application should be filed with the chairperson of the De-
partment of Economics.
Economics Honors Track Requirements:
Primary or Secondary Major: Economics, Economics/Mathematics, or
Economics/Pre-Law
Minimum Overall GPA: 3.25
Minimum Major GPA: 3.25
Minimum “C” or higher for each of the following four courses:
ECON 355 Statistics for Economists
ECON 356/H/ Introduction to Econometrics
ECON 483/H/ Honors Thesis in Economics
HNRC 499 Honors Senior Synthesis (in place of LBST 499)
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Bachelor of Arts in Economics, Honors Track
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The B.S. in Social Studies Education leads to teaching certification for
social studies in Pennsylvania junior high and high schools. Although
graduates will be certified to teach all social sciences, they must choose
to concentrate in one particular field. Students choosing the economics
track must complete ECON 121, ECON 122 and at least five upper-level
economics courses, including three courses chosen from specific
groups. They must also complete a series of other social science
courses, as well as the College of Education's core curriculum, including
a semester of student teaching. A detailed list of program requirements
can be found in the Undergraduate Catalog (p. 97-98) and is also avail-
able online. The program is administered through the College of Edu-
cation and Educational Technology.
Economics is an ideal complement for many other majors, and students
majoring in other fields often pursue a second major in economics. Past
students have successfully combined economics with many different
majors, including such diverse fields as marketing, finance, political sci-
ence, journalism, geography, criminology, psychology, foreign lan-
guages, computer science, philosophy, and theater.
In addition to the requirements of their primary major, double majors
must complete the 34 credits listed above as requirements for a major
in economics. Double majors fulfill the Liberal Studies and College re-
quirements set by their primary major, but need not satisfy different
Liberal Studies and/or College requirements for economics. For exam-
ple, a marketing major must take the Business Core and the Liberal
Studies package prescribed by the College of Business, but need not
complete the College of Humanities and Social Sciences foreign lan-
guage requirement. Similarly, if a student whose primary major is po-
litical science wants a second major in economics, he/she is not re-
quired to take a writing-intensive course in economics and may use
ECON 122 as a Liberal Studies elective.
To request a double major, fill out a change-of-major form and specify
that you are applying for a second major rather than a change of major.
The form is obtainable from the department secretary in McElhaney 213.
To complete a minor in economics a student must complete 15 credits
in economics including Principles of Macroeconomics (ECON 121) and
Principles of Microeconomics (ECON 122). The other nine credits may
be met by completing any other classes with an ECON prefix except
ECON 101. A student must maintain a minimum 2.00 GPA in econom-
ics. To ensure proper credit, students should complete an application
form available in the Department of Economics office.
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Minor in Economics
Economics as a Second Major
Bachelor of Science in Social Studies Education/Economics Track
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ACADEMIC ADVISING
Page 17
A student entering any Department of Economics program will be
assigned a faculty advisor. The student will retain the same advi-
sor as long as he/she is in the program. The Department of Economics
places a high value on good student-faculty relationships and encour-
ages close interaction between students and faculty through the advis-
ing system.
Students should be aware that advising is much more than picking
courses. Good advising and heeding of advice will make for a better
academic experience. IUP is a large university and the choices may be
overwhelming, but there is also great opportunity. Your advisor can
help you choose courses that are part of your academic interests. Such
courses can be fit into the Liberal Studies requirements or as free elec-
tives. Moreover, students who switch to economics from another major
may need to more diligently map out their academic plans so as to fulfill
necessary requirements on a timely basis.
Students will need to meet with their advisor at least twice a year.
“Alternate PINs” are needed to register for classes. This information is
available only from your advisor.
You should expect your advisor to review your academic progress each
semester. Your advisor is also your key resource for mapping out your
academic program. He or she will help determine which courses you
should be taking, both in the major and as part of the university’s Lib-
eral Studies and any college-specific requirements.
“Checklists” and “course mapping” forms are included in the appendix
of this handbook. Copies are readily available in the department office
(look for files outside the main door) and are also available for
download from the department’s website.
Don’t be caught off guard! As advisors, the faculty work for you. You
should feel comfortable scheduling an appointment at any time to re-
view your academic record. Falling short of graduation requirements by
one course is a fear that can be assuaged at any time. With good advis-
ing, you will not be caught short.
Disclaimer: It is the student’s responsibility to be aware of and com-
plete all required coursework in his or her area of study. Your advisor is
here to assist you.
Registration
Graduation
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SCHOLARSHIPS AND AWARDS
T he Department of Economics has several scholarships and awards
for majors. Check the scholarship link on the department’s
website for application information.
George A. Chressanthis Scholarship George A. Chressanthis Scholarship George A. Chressanthis Scholarship George A. Chressanthis Scholarship
The George A. Chressanthis Department of Economics Scholarship was
established by George A. Chressanthis, a 1977 graduate of Indi-
ana University of Pennsylvania. During his time at IUP, Dr. Chressanthis
was active in numerous activities, including the Economics Club, Omi-
cron Delta Epsilon, the Chess Club, Operation Uplift, and Alpha Phi
Omega. The scholarship, made possible by Dr. Chressanthis and Astra-
Zeneca, recognizes students who demonstrate good academic standing
and the potential for future success.
• Preference is given to incoming freshman students who have
declared a major in Economics, Economics Pre-Law, Mathemat-
ics/Economics, or Social Science Education with a concentration
in Economics at IUP. Currently enrolled students may be con-
sidered for the scholarship based upon academic and financial
factors, including an earned 3.25 cumulative GPA.
• Must have an outstanding academic record demonstrated by
factors including high school GPA, class rank, performance on
SAT or other college entrance standardized tests, and participa-
tion in extra-curricular activities that have an academic focus.
• Must demonstrate financial need in pursuing higher education
objectives.
Donald A. Walker Economics Scholarship Donald A. Walker Economics Scholarship Donald A. Walker Economics Scholarship Donald A. Walker Economics Scholarship
The Donald A. Walker Department of Economics Scholarship is awarded
to students majoring in economics, in economics pre-law, in mathemat-
ics/economics, or in social science education with a concentration in
economics. Scholarships will typically be directed to entering students
with outstanding academic potential. Awardees will be selected by the
Student Affairs Committee of the Department of Economics in consulta-
tion with appropriate University offices.
Dr. Donald A. Walker served as chairperson of IUP’s Department of Eco-
nomics from 1969 to 1998. While at IUP, Dr. Walker authored more
than 100 professional manuscripts and books. He was honored with IUP
Distinguished Faculty Awards for both scholarship and service. He re-
ceived the first Commonwealth of Pennsylvania Distinguished Academic
Service Award, was elected IUP’s first University Professor, served as the
Departmental Scholarships
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youngest-ever President of the History of Economics Society and edited its
international scholarly journal for a decade.
For more scholarship information click to the department’s scholarship
information page at http://www.chss.iup.edu/economics/More/
scholarships/.
The following are awarded annually to our top graduates:
Bright Dismal Scientist Award
Dr. Brewer Award
Wall Street Journal Award
Omicron Delta Epsilon (Ο∆Ε) is one of the largest academic honor societies.
Ο∆Ε has over 600 chapters located in the United States, Canada, Australia,
the United Kingdom, Mexico, Puerto Rico, South Africa, Egypt and France.
The objectives of Ο∆Ε are:
• The recognition of scholastic attainment and the honoring of out-
standing achievements in economics;
• The establishment of closer ties between students and faculty within
colleges and universities, and among colleges and universities; and
• The publication of its official journal, The American Economist.
Membership is open to juniors and seniors who have:
• Completed 12 semester hours in economics courses
• Attained a 3.0 GPA in all economics courses and an overall 3.0 GPA
• Demonstrated a genuine interest in economics
Recruitment for Ο∆Ε takes place during the spring semester, following
spring break. Look for fliers in our classrooms or contact Dr. Jack Julian,
faculty advisor for Ο∆Ε.
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Omicron Delta Epsilon
Awards for top graduates
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CAREER OPPORTUNITIES
M ost people working as professional economists hold advanced
graduate degrees, but there is a wide variety of employment op-
portunities available to those with a B.A. Most students use economics
as an entry to other professions.
Banking and finance. These are perfect for a major in economics.
Banks, brokerage firms, insurance companies and investment
houses are but a few of the options in this broad area. Knowledge
of the economy is indispensable for these institutions and your
background in economics will make you a valuable recruit.
Management and marketing. Many economics majors filter into man-
agement and marketing positions with both commercial and non-
profit firms. Economics provides an understanding of the market
system and broader social context within which these firms operate.
Managing scarce resources is right up an economist's alley.
Government service. Next to business, some form of government ser-
vice is the most common employment for those with a B.A. in eco-
nomics. Almost every state and federal government agency needs
people with training in economics. For example, the Department of
Labor, the Department of Treasury, the Department of State and the
Department of Commerce hire thousands of economists. State and
federal regulatory commissions, the Federal Reserve System, and
the CIA are also major employers.
Data analysis. Numbers are the life-blood of every firm and govern-
ment agency. Decisions must be based on solid analysis, and
analysis requires data. Firms need data on prices, data on output,
data on costs, data on customers, and data on their competitors.
Government agencies need data on all aspects of the U.S. and world
economies. Because economics majors are trained to collect, ana-
lyze and interpret data of all types, they are in demand.
Economic journalism. Economists who can write for the general reader
are scarce. If you enjoy current events, you might consider work as
a business writer or editor for a daily newspaper, a free-lance writer
for magazines or trade publications, a television journalist special-
izing in economic affairs, or even a career in the growing field of
business journalism on the Internet.
Opportunities with a Bachelor's Degree in Economics
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S earching for that first job can be frustrating, unless Uncle Harry is
holding open a position for you in his company. But help is avail-
able. Start with IUP's Career Services. They have the latest Career
Search software and a career library to identify potential employers.
They sponsor workshops on how to write résumés and
cover letters. They offer mock interviews to polish your
interpersonal skills and individual counseling to handle
specific issues. Check their web site at http://
www.iup.edu/career/students/ for details.
Talk with your professors, as well. They keep in touch with
alumni and might be able to identify contacts in the areas in
which you are interested. If nothing else, alumni are often
willing to talk with current students about what types of
opportunities are available in their fields and how to go
about finding them.
Internet sites are also of value. Many sites list available
employment opportunities. Do you want to join a firm in
telecommunications or transportation or pharmaceuticals?
Do a web search, find an industry trade association that
lists the sites of member firms and start browsing. Check
out the job listings. What is available? What types of peo-
ple and skills are the firms seeking? Government agencies,
both state and federal, list openings as well. Log onto the
web and search. And don't forget sites such as mon-
ster.com and flipdog.com that allow students to post their
résumés electronically. Our Department of Economics web
site includes a “career opportunities” link for job informa-
tion as well.
Career Services does offer some on-campus interviews, but
relatively few of you will be placed through them. Most of
you will rely on the old-fashioned approach of sending out
résumés and making phone calls.
Above all, be flexible. Graduates who insist on finding a job
in a particular location with a particular type of firm are of-
ten graduates who sit on the sidelines while their class-
mates grab the actual openings. Remember you are
unlikely to stay in your first job for long. Good performance
in a poor job often means the ability to find a much better
job in the very near future.
T he experiences of our own graduates
illustrate the broad range of employment
opportunities. A sampling of actual entry-level
positions obtained by recent graduates with
only an undergraduate degree includes:
Financial advisor, American Express
Annuities specialist, Prudential
Management trainee, Dietrich Industries
Purchasing agent, Gulf South Medical Supply
Human Resource Manager, Marriott
Database specialist, Management Science Asso-
ciates
Financial planner, GE Capital Corporation
Consultant, Quinn Consulting
Pension specialist, Employee Benefit Data Sys-
tems
Social science teacher, Frederick County, Mary-
land schools
Financial analyst, Vanguard
Research assistant, U.S. Bureau of the Census
Global Cash Trust Officer, Mellon Corporation
Price analyst, Airline Tariffs
Sales coordinator, Poly Hi Solidur, Inc.
Public relations writer, Indiana Regional Medical
Center
Insurance underwriter, Fireman's Fund Insur-
ance
Economist, Internal Revenue Service
Venture capital assistant, Castle Group
Sales director, Midland Angels (AA minor league
baseball team)
Marketing researcher, National Food Brokers
Association
Legislative assistant, Representative John
Murtha
Research associate, Reserve Bank of Philadel-
phia
Americorp, Utah
Financial Advisory Services, KPMG Slovensko
Spokesperson, Bureau of Labor Statistics
OCCUPATIONS OF IUP
ECONOMICS ALUMNI
FINDING A JOB
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GRADUATE SCHOOL OPPORTUNITIES
S tudents completing an M.A. or Ph.D. in Economics find an even
richer variety of opportunities.
Teaching. Teaching in colleges and universities is a primary occupation
of economists with advanced degrees. Positions at four-year colleges
and graduate schools typically require a Ph.D.
Research. Teachers in most four-year colleges and all graduate schools
are also engaged in research. Indeed, research is often the primary
activity of graduate school faculty. Research interests are varied: from
pure theory to applied economics, from the discovery of something
new to the testing or synthesis of the already discovered, from indi-
vidual scholarship to research as a member of a team. Publication of
research is desirable because it subjects the ideas and findings to the
scrutiny of others. Research economists are employed outside of aca-
demia as well. Virtually every agency or department of the federal
government and many departments at the state level employ econo-
mists to study and evaluate the theoretical and practical effects of
past and prospective policies. Private corporations also employ
economists for market research and forecasting economics trends.
Administration. Economists both inside and outside academia fre-
quently find themselves transformed into administrators. Much ad-
ministration involves setting priorities and allocating scarce resources
among alternative goals. These require economic reasoning. Under-
standably, economists are often asked to be administrators. This is
particularly true in financial firms, but it also applies to other public
and private institutions.
Consulting. Economists are consultants to businesses, governments,
special interest groups, and public enterprises. Some economists as-
sociate with a consulting firm either on a full-time or a part-time ba-
sis. Other economists operate independently. Obviously, to be a suc-
cessful consultant and individual must have an in-depth knowledge of
a specialty field such as energy economics or pharmaceutical pricing
or demand forecasting. Personal and professional connections count
as well as knowledge. Economists with prestigious universities some-
times in effect sell the value of their affiliation in addition to the value
of their services.
Graduate programs in economics require a strong background in
mathematics and students are encouraged to take as many courses in
this area as possible. Indeed, our joint program in economics/
Opportunities with a Graduate Degree in Economics
Undergraduate preparation for graduate programs in economics
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mathematics is your best preparation. Essential courses for students
entering a graduate program in economics include:
1. Calculus I (MATH 123)
Note: MATH 123 (Calculus I for Physics, Chemistry, and
Mathematics) is more rigorous than the MATH 115 (Applied
Mathematics for Business) or MATH 121 (Calculus I for Busi-
ness, Natural, and Social Sciences) courses which fulfill the
requirements for the B.A. in Economics.
2. Calculus II (MATH 124)
3. Introduction to Linear Algebra (MATH 171)
4. Probability and Statistics (MATH 214 or 216 or 217 or ECON
355)
5. Introduction to Econometrics (ECON 356)
Other courses that would be especially valuable include:
1. Differential Equations (MATH 241)
2. Mathematical Statistics I (MATH 363)
3. Mathematical Statistics II (MATH 364)
4. Linear Algebra (MATH 371)
First-year graduate students in economics invariably complain about the
heavy and rigorous mathematical demands placed upon them. Indeed,
introductory theory courses will seem more like courses in advanced
math than in economics. Be ready. Some schools will allow you to
make up a deficiency in math after enrolling, but this is often a poor
substitute. It is best to begin with your mathematical tools in place and
ready to use.
Building your general research skills is also a good plan. Graduate stu-
dents will be expected to engage in original research, make oral presen-
tations, and write scholarly papers. Writing-intensive classes will help
you develop some of these skills, but you should seek out undergradu-
ate research opportunities. Ask faculty members if they could use vol-
unteer research assistance. If you do complete a research project, ask if
there might be a conference at which you could present your results in a
professional setting. Potential graduate schools will be impressed. In
the past few years, several Econometrics students have presented their
class research projects at undergraduate sessions at the Midwest Eco-
nomic Association conferences in Cleveland and St. Louis and at the
Pennsylvania Economic Association conferences in Clarion, Williamsport,
Edinboro, West Chester, Moon Township, and Millersville. Students have
also participated in the Undergraduate Scholars Conference on IUP’s
campus.
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Consult faculty. You should discuss your objectives with members of
the faculty. Different faculty members are familiar with different pro-
grams and graduate schools. A broad spectrum of opinion can help
you formulate soundly based objectives that are in accordance with
your interest.
Study alternatives. Different programs sometimes special-
ize in different areas. For example, one may be well
known for its international economics while another
may have an especially good program in public finance.
Most schools have information about their programs
on their department websites. Keyword searches in a
good search engine will help you find programs of par-
ticular interest. Peterson’s Guide (www.petersons.com)
is the authority on providing information on graduate
programs. You’ll also find information on acceptance
rates, GRE scores, GPAs, etc., of recent classes. US
News & World Report annually ranks top programs in
various fields. Also check gradschools.com, school-
guides.com as they may have relevant information.
Consider fellowship/funding opportunities. Most Ph.D.
graduate students in economics qualify for fellowships
or assistantships that cover tuition expenses and pay a
stipend. Because they carry no extra work require-
ments, students typically prefer fellowships if available.
However, teaching and research assistantships are
more common. A new teaching assistant typically be-
gins by grading papers and leading discussion groups
for a class taught by a professor. Advanced teaching
assistants might teach entire sections of a class by
themselves. Research assistants are assigned to help a
senior professor with research. Typical duties may in-
volve gathering and processing data and tracking down
articles and references.
Aim high. Aim for the best program to which you can be
admitted. Being a graduate of one of the more pres-
tigious programs can open doors and may in itself be
an important credential for your future employment.
Academic mobility is usually horizontal or downward,
not upward. Although ratings of programs are contro-
versial and subject to change, your advisor will be able
to direct you to one.
CALENDAR FOR GRADUATE
SCHOOL APPLICANTS
Students considering graduate school should
prepare early. The following timetable is a useful
guideline.
Sophomore and junior years: Start preparing
for possible graduate school admission
and choose your elective courses accord-
ingly. Investigate possible Graduate Re-
cord Exam (GRE) dates for the fall of your
senior year.
Early senior year: Review your goals and begin
serious talks with department faculty.
You will need approximately three letters
of recommendation from your professors
for your application. Look at The Guide to
Graduate Study in Economics and send for
more information from schools that inter-
est you. Register for and take the GRE –
most schools require GRE.
December, January, February of senior year:
Apply to several schools. It is advisable to
apply to a range of schools including at
least one program that you believe will
definitely admit you. There are often ear-
lier deadlines (usually January) for consid-
eration for financial assistance.
March, April: Await the results. If at all possi-
ble, personally visit the schools to which
you have been admitted. Talk to graduate
faculty and graduate students to try to
determine which program best fits you
and your goals.
Choosing a graduate program in economics
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If you are interested in pursuing economics, but prefer to avoid the rig-
orous math associated with graduate programs in the field, consider a
related program instead. Graduate programs in business, public policy,
public administration, law, and industrial relations often allow you to
continue your economic interests with fewer mathematical demands.
We have already documented that economics majors score exceedingly
well on the LSAT. They also do quite well on the Graduate Management
Aptitude Test (GMAT) which is typically required by MBA programs. In
2001, the average GMAT score for economics majors was a 556 com-
pared to a 527 for all majors. While economics ma-
jors did not score as well as those majoring in math,
physics or engineering, they scored significantly
above students with undergraduate majors in busi-
ness (with scores ranging from 530 for finance ma-
jors to 477 for marketing majors). [See Graduate
Management Admission Council, Profile of GMAT
Candidates, 1996-1997 to 2000-2001, table 7, pp.
29-32.]
IUP graduates have completed graduate degrees in such
diverse areas as economics, law, labor relations, statis-
tics, public administration, business, political science,
mathematics, demography, international affairs, infor-
mation systems, ecology, veterinary medicine, physical
therapy, and divinity. A partial listing of the graduate
schools from which they earned degrees includes:
Boston University
Carnegie-Mellon University
Case Western School of Law
Cornell University
Duke University
Fordham University
George Washington University
University of Georgia
Harvard University
University of Illinois
Indiana University (Bloomington)
IUP
London School of Economics
Louisiana State University
New York University
The Ohio State University
University of Pennsylvania
Penn State University
University of Pittsburgh
Purdue University
Syracuse University
University of Vermont
Villanova University
GRADUATE PROGRAMS
COMPLETED BY IUP ALUMNI
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Other graduate study opportunities
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W hether you are planning to enter the workforce or pursue a
graduate degree upon graduation, you should avail yourself of
current opportunities to explore economics.
Economics majors at IUP enjoy many opportunities for research, study
abroad, and student-faculty interaction. Take advantage of them.
Getting to know your advisor is a good first step. Advising is an impor-
tant part of a faculty member's job. Use your advisor. Meet with him/
her on a regular basis to make sure you are taking the proper courses in
the proper sequence. Discuss ideas for free electives and minors.
Brainstorm about potential careers and how you might best prepare for
them.
Scholarly research is an important component of undergraduate and
graduate education. For the student looking to pursue graduate study,
showing the ability to do research can be a highlight of an application
for admission to a graduate program. For those who wish to work on
research projects as a vocation, undergraduate research can be a very
strategic component to your resume. The Department of Economics
provides myriad opportunities for students to develop and execute their
own research projects. The econometrics course (ECON 356) is notori-
ously practical for the budding researcher. Students can also develop
research projects as a component of coursework in courses such as In-
ternational Finance (ECON 346), Monetary Economics (ECON 325), and
Macroeconomic Analysis (ECON 421). Recent accomplishments include
presentations at academic conferences across the country and publica-
tions in conference proceedings and refereed academic journals.
Opportunities vary by course and term; however, opportunities abound
and the savvy student should take advantage. Your advisor will be of
important assistance in finding courses with a research component as
well as helping you sell these opportunities on your resume or graduate
school application. For a list of recent student research projects set
your browser to http://www.chss.iup.edu/economics/
student_presentations.asp.
The club meets several times each semester, and its meetings and pro-
grams are open to all. In recent years, club activities have included
travel to a top-notch lecture series at St. Vincent College; trips to New
York City to tour the New York Stock Exchange and to Washington, DC,
Page 26
TAKING ADVANTAGE OF YOUR CURRENT
OPPORTUNITIES
Get to know your advisor
Undergraduate research
Join the Economics Club
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Page 27
to tour the Federal Reserve Bank, Federal Energy Regulatory Commis-
sion, and the Bureau of Labor Statistics; and travel to regional econom-
ics conferences. Other activities have included internship night, Excel
night, and on-campus seminars given by department alumni now work-
ing in banking, business, and government. Get to know other econom-
ics students and interact with faculty on an informal basis.
Remember that both employment and graduate school applications will
ask for references and/or letters of recommendation. Give faculty
members something to write about. The greater your involvement in IUP
life, and the greater your interaction with faculty, the better those rec-
ommendations will sound.
The Department of Economics Library (across the hall from the depart-
ment office) is available to economics majors for study during the day.
Need a quiet place to study between classes or to review before a test?
Try the library. Want to leisurely thumb through some professional
journals – or even check
some out? Try the library.
(See our department sec-
retary for signing out
books and journals) Want
to track down some data
on the web or work on
that research paper? Try
the library. It also con-
tains two computers and
a laser printer available
for your use.
All IUP students have the following options to study abroad or go on an
exchange:
• Summer Programs
• ISEP - International Student Exchange Program
• NSE - National Student Exchange Program
• PASSHE - Pennsylvania State System of Higher Education (study
abroad through PA state schools)
• Independent Study
Academic credit can be earned and applied toward your required
coursework at IUP and the Department of Economics. Students inter-
ested in IUP’s study abroad programs should read the IUP Study Abroad
Catalog available from the Office of International Affairs or http://
www.iup.edu/international/abroad/.
Department Library
Study Abroad
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FAQ
T he following section will answer many questions that may arise.
However, a handbook cannot substitute for a good face-to-face
discussion with a knowledgeable faculty member or academic advisor.
The information below is university, college, and department policy at
the time of the publishing of this handbook. Policies are subject to
change.
Complete versions of all academic policies can be found in the Under-
graduate Catalogue and on the URSA web site at http://www.iup.edu/
ursa/.
When you enter the department you will be assigned an advisor who is
here to assist you with your undergraduate education. He/she can an-
swer any questions you may have and will assist you in the registration
process each semester.
Although your advisor is your official point person for academic mat-
ters, feel free to talk with other faculty members as well. Different fac-
ulty members often can offer different ideas and different perspectives.
Diverse opinions can be good!
Economics majors have taken a wide variety of internships. Some have
been part-time positions with local employers while others have been
full-time positions in Indiana or more distant areas such as Pittsburgh,
Washington DC or Philadelphia. Some internships are arranged by the
department, but most are arranged by students, subject to department
approval.
In addition to their job-related work, interns are required to complete
academic assignments (e.g. readings and research papers) relating to
their internship under the guidance of a faculty supervisor. Depending
upon the amount of work involved, a student may earn up to 12 credits
through internships. However, a maximum of six credits may be ap-
plied to the 34 credits in economics required for the major.
To be eligible for an internship, you must be a junior or senior majoring
in economics. You must have passed at least 12 credits in economics
with a 2.50 GPA both in economics and overall. Details on application
procedures for department-sponsored internships are announced peri-
odically as they are available. Students wishing to arrange their own
internship should speak with the Department Chairperson. The Depart-
ment Curriculum Committee determines the appropriateness of pro-
How do I obtain an aca-demic advisor?
How do I set up an internship?
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posed internships, judges applications, and determines the number of
credits to be awarded.
Absolutely! IUP offers a variety of exchange programs both within the
United States and in other countries. The IUP Office of International Af-
fairs can give you specific information about both foreign and domestic
exchange opportunities. Past economics majors have spent semesters
abroad in Spain, Germany, France, England, Costa Rica and Hungary.
They also have done U.S. exchanges at universities in Hawaii, New Mex-
ico and Florida.
If you are interested in taking summer classes at a community college
near your home, you can arrange that as well. Get a copy of the course
catalog and summer schedule of the school in which you are interested.
Choose the courses you want and pick up an Application for Pre-
Approval of Coursework at Another College/University (available at
Transfer Evaluation Services, 117 Sutton Hall) prior to taking the course.
Courses taken without prior approval are taken at the risk of the stu-
dent. Without prior approval IUP may choose not to accept or transfer
such credit. Only the credits for courses in which you receive a grade of
A, B, or C will transfer. Because the grades earned at other schools do
not transfer, such courses will not impact your GPA at IUP. If the
courses being taken are among your last 30 credits, the courses must
be taken at IUP unless the IUP residency requirement is waived by the
college dean.
Yes. We offer limited opportunities to students for independent studies.
All inquiries are directed to the chair of the Department of Economics. If
the course of study is feasible, you will be directed to a faculty member
to develop a proposal for approval. The faculty member will supervise
and evaluate your course of study.
We cannot offer every course on a regular basis. If a course that inter-
ests you is not scheduled, check with your advisor and the department
chairperson. If enough students register their interest, we can insert the
course into an upcoming semester schedule. Even if the course is not
likely to be offered before you graduate, you may be able to take it on
an individualized instruction basis. In this case a faculty member will
direct you with individualized readings and discussions of the material
that would normally be covered in the class.
You may withdraw from an individual course at any time during the first
two-thirds of the semester. Exceptions to this deadline can only be
Can I do independent work?
What if I want to take a course that is not currently being offered?
What if I want to withdraw from a course?
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Can I take classes at other universities?
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made with documentation of exceptional events of a catastrophic nature
that could not have been anticipated.
You must process your own course withdrawals through the Banner on-
line registration system. Your transcript will show a grade of "W" for the
course.
Although the withdrawal decision is yours, please talk with your advisor
and instructor first. Perhaps you are not doing as badly as you think.
Perhaps there are other options you have not considered.
Yes. You may take up to 15 credits of pass/fail courses during your IUP
career. You are limited to one pass/fail course in any given semester
during your sophomore, junior, and senior years. Since the pass/fail
option is intended to permit a student to experiment with courses out-
side his/her own program areas, you may not take any course in your
major or minor or in your Liberal Studies program on a pass/fail basis.
If you wish to take a course on a pass/fail basis, you must fill out a re-
quest form (available in department offices) during the first six weeks of
the semester.
These things do happen as result of injury, illness, or personal emer-
gencies. The first step is to speak with your advisor and your profes-
sors and let them know what is happening. They will guide you through
your choices. The typical options are:
1. If you are unable to complete coursework due to illness or other
unavoidable reasons, you may be assigned a grade of incomplete or
"I" in one or more courses. You will then have until the last day of
classes in the next regular semester to complete whatever work
your professor assigns. When the work is completed, the professor
will submit the appropriate grade to replace the "I" on your tran-
script. While taking an incomplete is often an attractive option, be
careful about taking several at one time. The burden of making up
past work while trying to keep up with new classes in a semester
can be unexpectedly difficult. Note that the incomplete option is
available only in the case of illness or other unavoidable reasons. It
is not available to students who simply procrastinated or want extra
time.
2. If you are unable to catch up with every course, you may want to
withdraw from one or more and concentrate on the remaining ones
(see course withdrawal instructions above). It is often better to do
well in three classes than to do poorly in five. The "W" grades do
What should I do if I am forced to miss a significant part of the semester?
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May I take a class on pass/fail basis?
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not affect your academic standing. But, if you are dependent upon
financial aid, be careful not to fall below the "percent of progress"
standards. You must pass at least 75 percent of all registered cred-
its to maintain financial aid eligibility.
3. If your academic hole is too deep to dig out of during the semester,
you can take a total university withdrawal. Your transcript will show
a designation of "Q" for every registered course. Total university
withdrawals may be made up until the end of the semester and are
processed through the Office of Advising and Testing in Pratt Hall.
If you withdraw early in the semester you may qualify for a partial
refund of your tuition. Students withdrawing must apply for read-
mission before returning to IUP.
Students are allowed to retake any course in which they received a grade
of "D" or "F." You are allowed to choose the "repeat with replacement"
option for up to six courses. Under this option, the new grade earned
replaces the old grade in all GPA calculations. Thus, if you earn an "F"
the first time through, but repeat the course and earn a "B," all subse-
quent GPA calculations will use the "B" and ignore the "F." The original
"F," however, will still appear on your transcript. To choose this option
you must complete a D/F Repeat Form available in any department of-
fice.
If you do not complete a D/F Repeat Form, you will be choosing the
"repeat with averaging" option in which the new grade is averaged with
the old grade in GPA calculations. In this case the new grade will have
less of an impact on your GPA. There is no limit on the number of
"repeat with averaging" courses.
If you fail a course at IUP, you may repeat it at another university
(perhaps at a community college in the summer). However, grades do
not transfer. Even if you earn an "A" at the other institution, your IUP
GPA will continue to reflect the original "F."
Very carefully. If you receive a lower grade than you expect, the first
step is always to contact the instructor. Perhaps you did not perform as
well as you expected on the final exam. Perhaps you misunderstood the
grading scale. Perhaps the instructor made a clerical error. If, after
talking with the instructor, you are convinced that you earned a higher
grade, the next step is to talk with the chairperson of the department in
which you took the course. If talking with the chairperson does not re-
solve the situation, you may file a formal grade appeal as outlined in the
IUP Undergraduate Catalogue.
Appeals can only be made in the cases of a clerical error that the in-
How do I appeal a grade?
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How do I go about repeating a course?
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structor is unwilling to correct, capricious behavior on the part of the
instructor (for example, the instructor arbitrarily changing the grading
procedures listed in the course syllabus), or discrimination. Note, dis-
agreement with the instructor's subjective evaluation of your work is not
grounds for appeal. Your appeal will be read by a tripartite committee
with faculty, student and administrative representatives. If that com-
mittee feels your case has merit, the case will be heard by a faculty
committee.
Students need a 2.00 GPA to remain in academic good standing. If you
fall below the 2.00 standard you will be placed on academic probation
for one semester and will be asked to develop an Academic Recovery
Plan (ARP). This ARP will identify the reasons for your poor academic
performance and outline the specific steps you plan to take to regain
academic good standing.
If you remain below a 2.00 GPA after a semester of probation but fol-
lowed an approved ARP and have made some progress toward the 2.00
GPA, you will be eligible for a semester of extended probation. How-
ever, if you do not reach the 2.00 standard after a semester on proba-
tion and have not followed an ARP or not made progress, you will be
dismissed for a minimum of one full academic year (including summer).
Readmission will be contingent on convincing your Academic Standards
Officer (normally your Associate Dean) of your probable academic suc-
cess. (See Academic Standards Policy in the IUP Undergraduate Catalog
2005-06, p. 32).
Students on probation are also encouraged to find a volunteer mentor
who will meet with them on a periodic basis and help them get back on
track. A faculty member with whom you have established a good rela-
tionship might be a good choice for a mentor.
It is easy. No graphs are required. Just pick up an Application for a
Change of Major from the department secretary and fill it out. Return
the form and smile broadly. We will be happy to have you.
How do I officially change my major to this exciting field of economics?
What if I get into academic difficulty?
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COURSE OFFERINGS
ECON 101 Basic EconomicsECON 101 Basic EconomicsECON 101 Basic EconomicsECON 101 Basic Economics
Scarcity, role of prices in determining production and the allocation of resources,
business cycle analysis, policy options for reducing unemployment and inflation,
economic role of government, international trade, and selected current economic
problems are studied. For those who do not plan to take more than 3cr of eco-
nomics. Note: May not be taken after successful completion of or concurrent
registration in any other ECON course.
ECON 121 Principles of MacroeconomicsECON 121 Principles of MacroeconomicsECON 121 Principles of MacroeconomicsECON 121 Principles of Macroeconomics
Nature and methodology of economics; mixed capitalism and market economy;
national income; employment theory, including economics of fiscal policy;
money, banking, and Federal Reserve System; international trade and finance.
ECON 122 Principles of MicroeconomicsECON 122 Principles of MicroeconomicsECON 122 Principles of MicroeconomicsECON 122 Principles of Microeconomics
Economics of the firm; theory of consumer demand; determination of price and
output in different market structures; distribution of income; economic growth.
ECON 223 Economics of CrimeECON 223 Economics of CrimeECON 223 Economics of CrimeECON 223 Economics of Crime
Economic analysis of criminal activity and its impact on the allocation of scarce
resources. Uses fundamental economic models to explain crimes against people,
property crime, “victimless crime,” and organized crime.
ECON 239 Economics of SportsECON 239 Economics of SportsECON 239 Economics of SportsECON 239 Economics of Sports
Student gains a better understanding of the sports industry. Course explores how
economics applies to both amateur and professional sports. Addresses a variety
of areas, including labor issues in sports (e.g., free agency, reserve clause, un-
ions, strikes, and discrimination), the legal relationship between sports and gov-
ernment (e.g., Title IX and antitrust law), and public finance issues (e.g., location
of sports franchises and public ownership of stadiums and arenas). Guest speak-
ers and a multimedia approach are used.
ECON 281 Special TopicsECON 281 Special TopicsECON 281 Special TopicsECON 281 Special Topics
Prerequisite: Prerequisite: Prerequisite: Prerequisite: As appropriate to course content
Offered on an experimental or temporary basis to explore topics not included in
the established curriculum. A given topic may be offered under any special topic
identity no more than three times. Special topics numbered 281 are offered pri-
marily for lower-level undergraduate students.
ECON 325 Monetary Economics IECON 325 Monetary Economics IECON 325 Monetary Economics IECON 325 Monetary Economics I
Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121, 122
Organization, operation, and economic significance of U.S. monetary institutions;
commercial banks and Federal Reserve System; survey of monetary theory and
policy; mechanism of international payments.
ECON 326 Monetary Economics IIECON 326 Monetary Economics IIECON 326 Monetary Economics IIECON 326 Monetary Economics II
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 325or instructor permission
A detailed study of monetary theory; tasks of central banking; principal objec-
tives of monetary policy; intensive study of recent monetary experience; comple-
The following courses are offered by the Department of Economics. Not all courses are offered each semester.
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mentary and competing aims of monetary and fiscal policy.
ECON 330 Labor EconomicsECON 330 Labor EconomicsECON 330 Labor EconomicsECON 330 Labor Economics
Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121, 122
History, structure, and operation of trade unions and employer organizations;
major federal labor legislation; collective bargaining theory; wage determination;
current labor problems.
ECON 331 Industrial OrganizationECON 331 Industrial OrganizationECON 331 Industrial OrganizationECON 331 Industrial Organization
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 122 or instructor permission
Social effectiveness of industries analyzed through measures of market structure,
market conduct, and market performance.
ECON 332 Government and BusinessECON 332 Government and BusinessECON 332 Government and BusinessECON 332 Government and Business
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 122 or instructor permission
An analysis of the antitrust laws focusing on the maintenance of competition, the
prohibition of unfair business conduct, and the achievement of desirable eco-
nomic performance.
ECON 333 Regulation of IndustryECON 333 Regulation of IndustryECON 333 Regulation of IndustryECON 333 Regulation of Industry
Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121, 122 or instructor permission
Examines the theory and practice of regulation, emphasizing effects of regulation
on economic performance and efficiency in the U.S.
ECON 334 Managerial EconomicsECON 334 Managerial EconomicsECON 334 Managerial EconomicsECON 334 Managerial Economics
Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121, 122, MATH 121 or equivalent
Applications of economic theory using algebra, elementary statistics, and calcu-
lus to solve managerial optimization problems including problems of forecasting
and risk.
ECON 335 Public FinanceECON 335 Public FinanceECON 335 Public FinanceECON 335 Public Finance
Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121, 122 or instructor permission
Taxation and expenditure theory at the federal level; federal budget and debt
considerations; public sector impact upon economy.
ECON 336 State and Local FinanceECON 336 State and Local FinanceECON 336 State and Local FinanceECON 336 State and Local Finance
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 122 or instructor permission
An analysis of character and impact of state and local government revenue
sources, expenditures, and fiscal systems; intergovernmental fiscal relations.
ECON 339 Economic Development IECON 339 Economic Development IECON 339 Economic Development IECON 339 Economic Development I
Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121, 122
Theory of growth; theory of economic development of underdeveloped countries.
ECON 343 Economic History of the United StatesECON 343 Economic History of the United StatesECON 343 Economic History of the United StatesECON 343 Economic History of the United States
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 101 or 121or 122
Applications of economic theory and models of economic development to the
main patterns of U.S. postrevolutionary growth; emphasizes the history of eco-
nomic development as a laboratory for testing economic hypotheses.
ECON 345 International TradeECON 345 International TradeECON 345 International TradeECON 345 International Trade
Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121 and 122 or instructor permission
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A study of the microeconomic segment of international specialization and ex-
change, including theories of international trade and their application to com-
mercial policies, historical survey and examination of current problems of inter-
national trade, and the institutional setting of international trade.
ECON 346 International FinanceECON 346 International FinanceECON 346 International FinanceECON 346 International Finance
Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121 and 122 or instructor permission
A study of the macroeconomic segment of international specialization and ex-
change, including analysis of balance of payments, exchange rates, and the
mechanism of international economic and monetary adjustments; international
macroeconomic policy; historical survey and examination of current international
financial problems; and the institutional setting of international payments.
ECON 350 Comparative Economic SystemsECON 350 Comparative Economic SystemsECON 350 Comparative Economic SystemsECON 350 Comparative Economic Systems
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 101 or 121or 122
An evaluation of premises, practices, institutions, and performance of capitalist,
socialist, and mixed economies using economic theory and measurement.
ECON 351 Russian Economic DevelopmentECON 351 Russian Economic DevelopmentECON 351 Russian Economic DevelopmentECON 351 Russian Economic Development
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 101 or 121or 122
A study of the theory, institutions, and performance of the Russian economy in-
cluding comparison of present and past patterns of economic development.
ECON 355 Statistics for EconomistsECON 355 Statistics for EconomistsECON 355 Statistics for EconomistsECON 355 Statistics for Economists
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 121 or 122 or instructor permission
An introduction to economic statistics, including frequency distributions, prob-
ability, distributions of random variables, functions of random variables, and
tests of economic hypotheses.
ECON 356 Introduction to EconometricsECON 356 Introduction to EconometricsECON 356 Introduction to EconometricsECON 356 Introduction to Econometrics
Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 355 or its equivalent or instructor permission
An introduction to econometrics, including linear normal regression models of
two or more random variables, special econometric problems, and solutions of
simultaneous equations.
ECON 360 Economics of Health ServicesECON 360 Economics of Health ServicesECON 360 Economics of Health ServicesECON 360 Economics of Health Services
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 121 or 122 or instructor permission
An analysis of the allocation of resources in the health sector using demand and
supply techniques. Pricing and output decisions by physicians, hospitals, and
other health agencies are considered along with other current policy issues.
ECON 361 Environmental EconomicsECON 361 Environmental EconomicsECON 361 Environmental EconomicsECON 361 Environmental Economics
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 121 or 122
An examination of economic costs and benefits of environmental control and
modification. Techniques of economic analysis are used to understand economic
aspects of environmental problems and contribute toward their solution. (Offered
as ECON 283 prior to 2003-04)
ECON 369 Contemporary Economic IssuesECON 369 Contemporary Economic IssuesECON 369 Contemporary Economic IssuesECON 369 Contemporary Economic Issues
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 121 or 122
A rigorous but nontechnical analysis of a variety of economic problems and a
formulation and evaluation of possible corrective policies. (Offered as ECON 241
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A rigorous but nontechnical analysis of a variety of economic problems and a
formulation and evaluation of possible corrective policies. (Offered as ECON 241
prior to 2003-04)
ECON 371 Economics of Labor LegislationECON 371 Economics of Labor LegislationECON 371 Economics of Labor LegislationECON 371 Economics of Labor Legislation
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 330 or instructor permission
Economic background and effects of governmental regulation of labor relations,
emphasizing a detailed examination of National Labor Relations Act as amended.
ECON 372 Economics of Wages and EmploymentECON 372 Economics of Wages and EmploymentECON 372 Economics of Wages and EmploymentECON 372 Economics of Wages and Employment
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 330 or instructor permission
An analysis of wages and employment under various market structures. Also,
analysis of the impact of labor market forces on wages, prices, and distributive
shares.
ECON 373 Economics of Human ResourcesECON 373 Economics of Human ResourcesECON 373 Economics of Human ResourcesECON 373 Economics of Human Resources
Prerequisite: Prerequisite: Prerequisite: Prerequisite: ECON 121 or 122
An inquiry into economic demographics and related factors affecting growth,
structure, and distribution of an economy’s labor force into different occupa-
tions.
ECON 383 Urban/Regional EconomicsECON 383 Urban/Regional EconomicsECON 383 Urban/Regional EconomicsECON 383 Urban/Regional Economics
Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121 and 122
Location theory, land use patterns, urban economic/regional growth change, and
urban economic problems and policies.
ECON 421 Macroeconomic AnalysisECON 421 Macroeconomic AnalysisECON 421 Macroeconomic AnalysisECON 421 Macroeconomic Analysis
Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121, 122 or instructor permission
Emphasizes aggregate income levels and problems of unemployment, inflation,
and growth. Covers consumption and investment theories and the role of fiscal
and monetary policy.
ECON 422 Microeconomic AnalysisECON 422 Microeconomic AnalysisECON 422 Microeconomic AnalysisECON 422 Microeconomic Analysis
Prerequisites: Prerequisites: Prerequisites: Prerequisites: ECON 121, 122, MATH 121 or equivalent
Consumer behavior, theory of the firm, theory of exchange, market structures,
distribution, general equilibrium theory, welfare economics.
ECON 480 SeminarECON 480 SeminarECON 480 SeminarECON 480 Seminar
Prerequisite: Prerequisite: Prerequisite: Prerequisite: Instructor permission
A seminar in selected economic issues or problems.
ECON 481 Special TopicsECON 481 Special TopicsECON 481 Special TopicsECON 481 Special Topics
Prerequisite: Prerequisite: Prerequisite: Prerequisite: Instructor permission
Offered on an experimental or temporary basis to explore topics not included in
the established curriculum. A given topic may be offered under any special topic
identity no more than three times. Special topics numbered 481 are primarily for
upper-level undergraduate students.
ECON 482 Independent StudyECON 482 Independent StudyECON 482 Independent StudyECON 482 Independent Study
Prerequisite: Prerequisite: Prerequisite: Prerequisite: Prior approval through advisor, faculty member, department chair-
person, dean, and Provost’s Office
Students with interest in independent study of a topic not offered in the curricu-
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lum may propose a plan of study in conjunction with a faculty member. Approval
is based on academic appropriateness and availability of resources.
ECON 483 Honors ThesisECON 483 Honors ThesisECON 483 Honors ThesisECON 483 Honors Thesis
Prerequisites: Prerequisites: Prerequisites: Prerequisites: Admission to departmental honors program; prior approval
through advisor, faculty member, department chairperson, dean, and Provost’s
Office
An intensive, focused study involving independent research culminating in a
written thesis approved by a thesis director and two faculty readers/committee
members. May be taken more than once to a maximum of 6cr.
ECON 493 Internship in EconomicsECON 493 Internship in EconomicsECON 493 Internship in EconomicsECON 493 Internship in Economics
Prerequisites: Prerequisites: Prerequisites: Prerequisites: Economics major who has completed at least 12cr in ECON and
who has at least a 2.5 GPA in the major and in all coursework
Provides on-the-job experience in economics positions with private and govern-
mental employers. The student is also required to complete related academic
work in the form of papers and selected readings. Number of credits earned de-
pends upon the nature of the job and amount of time involved in internship. A
maximum of 6cr earned in this course may be counted toward the 30cr in eco-
nomics requirement for ECON majors.
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APPENDICES:
CURRICULUM CHECKLISTS AND COURSE MAPPING
SHEETS
Appendix A: Curriculum Checklist for Economics Major
Appendix B: Curriculum Checklist for Economics/Pre-Law Major
Appendix C: Curriculum Checklist for Mathematics/Economics Major
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APPENDIX A
CURRICULUM CHECKLIST: ECONOMICS MAJORS
All IUP students must pass at least 120 credit hours (cr) with a minimum 2.0 grade-point average to graduate.
Courses fall within three groups: the economics major, liberal studies, and free electives.
ECONOMICS MAJOR REQUIREMENTS
Required courses in the major (19 cr):
ECON 121 Principles of Macroeconomics _____ (is also liberal studies social science)
ECON 122 Principles of Microeconomics _____
ECON 355 Statistics for Economists* _____
ECON 421 Macroeconomic Analysis _____
ECON 422 Microeconomic Analysis _____
MATH 121 Calculus I for Natural _____ (is also liberal studies math or elective course)
and Social Sciences (4 cr)**
*MATH 214, MATH 216, MATH 217 or MATH 363 may be substituted for ECON 355.
**MATH 115 or the more rigorous MATH 123 may be substituted.
Writing-intensive economics course (3 cr):
Every student must complete at least one writing-intensive course in his/her major. Writing-intensive
courses are denoted by a "W" in the Schedule of Classes each semester.
ECON ____ __________________________ ____
Economics controlled electives (12+ cr): *No more than two ECON controlled electives may be 200-level
courses.
Students must complete at least twelve additional cr of upper-level electives in economics.
ECON ____ ________________________ _____
ECON ____ ________________________ _____
ECON ____ ________________________ _____
ECON ____ ________________________ _____
ECON ____ ________________________ _____
ECON ____ ________________________ _____
Foreign language:
All students in the College of Humanities and Social Sciences (except international students whose native
language is not English) must complete the intermediate level of a foreign language. The requirement can
be fulfilled by passing any of the following:
FRNC 202 College French II (3 cr) _____
GRMN 252 German IV (3 cr) _____
ITAL 202 Intermediate Italian IV (3 cr) _____
LATN 201 Intermediate Latin (4 cr)* _____
SPAN 201 Intermediate Spanish (4 cr) _____
Intermediate level of any critical language _____ *Effective Fall 2002, Latin is no longer offered.
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LIBERAL STUDIES REQUIREMENTS: ECONOMICS MAJORS
A complete listing of all courses fulfilling requirements is printed each semester in the Schedule of
Classes.
Learning skills:
ENGL 101 College Writing (4 cr) _____
ENGL 202 Research Writing (3 cr) _____
MATH 121 (4 cr) _____________________________ _____
Knowledge areas:
HIST 195 History, The Modern Era (3 cr) _____
Philosophy/Religious Studies (3 cr) _______________ _____
Literature (3 cr) _________________________________ _____
Fine Arts (3 cr) _________________________________ _____
Lab Science I (4 cr) _____________________________ _____
Lab Science II (4 cr) or non-lab science (3 cr): _____
(If non-lab option is used, a 2nd non-lab science must be taken as an LS elective.)
Social Sciences (9 cr – three courses from different departments):
ECON 121 Principles of Macroeconomics _____
Social Science #2 _________________________ _____
Social Science #3 _________________________ _____
Health and Wellness (any of the following three options):
HPED 143 Health and Wellness (3 cr) or _____
FDNT 143 Nutrition and Wellness (3 cr) or _____
MLSC 101 and 102 Military Science (4 cr) _____
NURS 143 Healthy People _____
Synthesis:
LBST 499 (3 cr) _________________________________ _____
Liberal studies electives (9 cr):
At least one course must be 200-level or higher. Courses with an ECON prefix do not count.
Some courses needed to fulfill the College language requirement may be used.
LS elective #1 _________________________________ _____
LS elective #2 _________________________________ _____
LS elective #3 _________________________________ _____
Non-Western culture:
At least one non-western course (coded as NW in the Schedule of Classes) must be taken. Any
non-western course taken to fulfill another requirement will count here as well.
Non-Western Culture (3 cr) ______________________ _____
Writing-intensive courses:
Two courses are required. At least one must be an ECON course (and also counts toward the ma-
jor). Writing-intensive courses are coded with a "W" in the Schedule of Classes.
ECON Writing-Intensive Course ______________________ _____
Writing-Intensive Course #2 _______________________ _____
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APPENDIX B
CURRICULUM CHECKLIST: ECONOMICS PRE-LAW MAJORS
All IUP students must pass at least 120 credit hours (cr) with a minimum 2.0 grade-point average to graduate.
Courses fall within three groups: the economics major, liberal studies, and free electives.
ECONOMICS PRE-LAW MAJOR REQUIREMENTS
Required courses in the major (19 cr):
ECON 121 Principles of Macroeconomics _____ (is also liberal studies social science)
ECON 122 Principles of Microeconomics _____
ECON 355 Statistics for Economists* _____
ECON 421 Macroeconomic Analysis _____
ECON 422 Microeconomic Analysis _____
MATH 121 Calculus I for Natural _____ (is also liberal studies math or elective course)
and Social Sciences (4 cr)**
*MATH 214, MATH 216, MATH 217 or MATH 363 may be substituted for ECON 355.
**MATH 115 or the more rigorous MATH 123 may be substituted.
Writing-intensive economics course (3 cr):
Every student must complete at least one writing-intensive course in his/her major. Writing-intensive courses
are denoted by a "W" in the Schedule of Classes each semester.
ECON ____ ________________________ ______
Economics controlled electives (9+ cr): *No more than one ECON controlled elective may be a 200-level course.
Students must complete at least eight additional cr of upper-level electives in economics.
ECON ____ ________________________ ______
ECON ____ ________________________ ______
ECON ____ ________________________ ______
ECON ____ ________________________ ______
ECON ____ ________________________ ______
Foreign language:
All students in the College of Humanities and Social Sciences (except international students whose native
language is not English) must complete the intermediate level of a foreign language. The requirement can be
fulfilled by passing any of the following:
FRNC 202 College French II (3 cr) ______ LATN 201 Intermediate Latin (4 cr)* ______
GRMN 252 German IV (3 cr) ______ SPAN 201 Intermediate Spanish (4 cr) _______
ITAL 202 Intermediate Italian IV (3 cr) ______ Intermediate level of any critical language _______ *Effective Fall 2002, Latin is no longer offered.
Pre-law requirements (21 cr):
Pre‑Law Business course (ACCT 201, ACCT 202 or BLAW 235) ______
Pre‑Law Criminology course (CRIM 210, CRIM 215 or CRIM 255) ______
Pre‑Law English course (ENGL 213, ENGL 220 or ENGL 310) ______
Pre‑Law History course (HIST 320, HIST 321 or HIST 346) ______
Pre‑Law Philosophy course (PHIL 101, PHIL 222 or PHIL 450) ______
Pre‑Law Political Science (PLSC 358, PLSC 359 or PLSC 361) ______
Second pre‑law course from one of the above areas: ______
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LIBERAL STUDIES REQUIREMENTS: ECONOMICS PRE-LAW MAJORS
A complete listing of all courses fulfilling requirements is printed each semester in the Schedule of Classes.
Learning skills:
ENGL 101 College Writing (4 cr) _____
ENGL 202 Research Writing (3 cr) _____
MATH 121 (4 cr) _____________________________ _____
Knowledge areas:
HIST 195 History, The Modern Era (3 cr) _____
Philosophy/Religious Studies (3 cr) _________________ _____
Literature (3 cr) _________________________________ _____
Fine Arts (3 cr) _________________________________ _____
Lab Science I (4 cr) ______________________________ _____
Lab Science II (4 cr) or non-ab science (3 cr): _____
(If non-lab option is used, a 2nd non-lab science must be taken as an LS elective.)
Social Sciences (9 cr – three courses from different departments):
ECON 121, Principles of Macroeconomics _____
Social Science #2 _________________________ _____
Social Science #3 _________________________ _____
Health and Wellness (any of the following three options):
HPED 143 Health and Wellness (3 cr) or _____
FDNT 143 Nutrition and Wellness (3 cr) or _____
MLSC 101 and 102 Military Science (4 cr) _____
NURS 143 Healthy People _____
Synthesis:
LBST 499 (3 cr) _________________________________ _____
Liberal studies electives (9 cr):
At least one course must be 200-level or higher. Courses with an ECON prefix do not count. Some
courses needed to fulfill the College language requirement may be used.
LS elective #1 _________________________________ _____
LS elective #2 _________________________________ _____
LS elective #3 _________________________________ _____
Non-Western culture:
At least one non-western course (coded as NW in the Schedule of Classes) must be taken. Any non-
western course taken to fulfill another requirement will count here as well.
Non-Western Culture (3 cr) ______________________ _____
Writing-intensive courses:
Two courses are required. At least one must be an ECON course (and also counts toward the major).
Writing-intensive courses are coded with a "W" in the Schedule of Classes.
ECON Writing-Intensive Course ______________________ _____
Writing-Intensive Course #2 ______________________ _____
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APPENDIX C
CURRICULUM CHECKLIST: MATHEMATICS/ECONOMICS MAJORS
All IUP students must pass at least 120 credit hours (cr) with a minimum 2.0 grade-point average to graduate.
Courses fall within three groups: the mathematics/economics major, liberal studies, and free electives.
MATHEMATICS/ECONOMICS MAJOR REQUIREMENTS:
Required courses in the major (26-27 cr):
ECON 121 Principles of Macroeconomics _____ (is also liberal studies social science)
ECON 122 Principles of Microeconomics _____
ECON 421 Macroeconomic Analysis _____
ECON 422 Microeconomic Analysis _____
MATH 123 Calculus I (4 cr) _____ (is also liberal studies math course)
MATH 124 Calculus II (4 cr) _____
MATH 171 Introduction to Linear Algebra _____
MATH 216 (4 cr) or ECON 355 (3 cr) _____
Writing-intensive mathematics/economics course (3 cr):
Every student must complete at least one writing-intensive course in his/her major.
ECON or MATH ____ ________________ _____
Economics controlled electives (12 cr): *No more than one ECON controlled elective may be a 200-level course.
Students are especially encouraged to take ECON 334 and ECON 356, however any other ECON courses
except ECON 101 may be used. With approval, ECON 493 may be used for up to six cr.
ECON ____ ________________________ _____
ECON ____ ________________________ _____
ECON ____ ________________________ _____
ECON ____ ________________________ _____
Mathematics controlled electives (15-16 cr):
Students must complete at least one of the following two-semester sequences:
MATH 241 Differential Equations _____ and MATH 371 Linear Algebra _____
MATH 363 Mathematical Statistics I _____ and MATH 364 Mathematical Statistics II _____
MATH 445 Programming Models in OR _____ and MATH 446 Probabilistic Models in OR _____
Three other courses must be taken from the above or from MATH 271, MATH 272, MATH 342, MATH
417 or MATH 418, MATH 421, MATH 422, MATH 423, MATH 425, MATH 427, MATH 451, MATH
465, MATH 476, MATH 477.
MATH ____ ____________________________ _____
MATH ____ ____________________________ _____
MATH ____ ____________________________ _____
Foreign language:
Students (except international students whose native language is not English) must complete the intermedi-
ate level of a foreign language.
FRNC, GRMN, ITAL, LATN*, SPAN or CRLG _____ ______________________ _____ *Effective Fall 2002, Latin is no longer offered.
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LIBERAL STUDIES REQUIREMENTS: MATHEMATICS/ECONOMICS
A complete listing of all courses fulfilling requirements is printed each semester in the Schedule of Classes.
Learning skills:
ENGL101 College Writing (4 cr) _____
ENGL 202 Research Writing (3 cr) _____
MATH 123 Calculus I (4 cr) _____
Knowledge areas:
HIST 195 History, The Modern Era (3 cr) _____
Philosophy/Religious Studies (3 cr) _______________ _____
Literature (3 cr) _________________________________ _____
Fine Arts (3 cr) _________________________________ _____
Lab Science I (4 cr) _____________________________ _____
Lab Science II (4 cr) or non-lab science (3 cr): _____
(If non-lab option is used, a 2nd non-lab science must be taken as an LS elective.)
Social Sciences (9 cr – three courses from different departments):
ECON 121, Principles of Macroeconomics _____
Social Science #2 _________________________ _____
Social Science #3 _________________________ _____
Health and Wellness (any of the following three options):
HPED 143 Health and Wellness (3 cr) or _____
FDNT 143 Nutrition and Wellness (3 cr) or _____
MLSC 101 and 102 Military Science (4 cr) _____
NURS 143 Healthy People _____
Synthesis:
LBST 499 (3 cr) _________________________________ _____
Liberal studies electives (9 cr):
At least one course must be 200-level or higher. Courses with an ECON or MATH prefix do not count.
Some courses needed to fulfill the foreign language requirement may be used.
LS elective #1 _________________________________ _____
LS elective #2 _________________________________ _____
LS elective #3 _________________________________ _____
Non-Western culture:
At least one non-western course (coded as NW in the Schedule of Classes) must be taken. Any non-
western course taken to fulfill another requirement will count here as well.
Non-Western Culture (3 cr) ______________________ _____
Writing-intensive courses:
Two courses are required. At least one must be an ECON or MATH course (and also counts toward the
major). Writing-intensive courses are coded with a "W" in the Schedule of Classes.
ECON/MATH Writing-Intensive Course ______________________ _____
Writing-Intensive Course #2 _______________________ _____