Undergraduate Course Catalog 2006-2007
Whittemore School of Business and Economics
» http://wsbe.unh.edu
Economics (ECON)
» http://wsbe.unh.edu/Dept_Economics/home.cfm
» Click to view course offerings
Chairperson: Evangelos O. Simos
Professor: Karen Smith Conway, Bruce T. Elmslie, Richard W. England, Evangelos O. Simos, James R. Wible
Associate Professor: Michael D. Goldberg, Marc W. Herold, Ju-Chin Huang, Neil B. Niman, Torsten Schmidt
Assistant Professor: Reagan A. Baughman, Chi-Young Choi, Robert D. Mohr
Economics is the study of how societies organize themselves to produce
goods and services and to distribute those products among the members
of society. In the modern world, a combination of market forces, public
policies, and social customs perform these basic economic tasks.
Economists use concepts, models, and data to analyze efficiency of
resource use, fairness of economic outcomes, and development of global
and national economies. The economics program is designed to introduce
students to the tools of economic analysis and to show students how
they can use those tools to analyze and better understand real-world
situations.
Undergraduate training in economics is an excellent background for a
variety of careers; these include banking and financial services,
journalism, international business, public service, the diplomatic
corps, entrepreneurial ventures, and government administration. An
undergraduate major in economics is also excellent preparation for
those interested in graduate work in law, business administration, and
international relations.
Graduate work in economics can lead to careers in college teaching,
research in public and private agencies, and business consulting. Those
interested in studying economics at the graduate level should ask their
economics professors what undergraduate coursework is appropriate and
which graduate schools would be suitable.
Courses in economics are open to nonmajors on a space-available basis.
Students majoring in other programs have found that certain economics
courses are useful supplements to their own majors and a help in
gaining employment. For example, political science majors can profit
from studying public economics, economic development, and international
economics. Mathematics and engineering students might elect to study
econometrics and intermediate microeconomics. Environmental
conservation majors could choose to study ecological or energy
economics. For more information on economics electives, please consult
the Whittemore School Undergraduate Programs Office (McConnell 120) or
the chairperson of the economics department.
The department offers the choice of a B.A. degree or a B.S. degree in
economics. The B.A. degree is designed to offer students maximum
flexibility in designing a program of study. Students are encouraged to
take a wide variety of courses, double major, and to take advantage of
study abroad programs. The B.S. degree differs from the B.A. degree in
that it requires more quantitative and data analysis courses but does
not require a foreign language. It provides more structure and
direction than the B.A. degree and is more professionally focused.
B.A. economics majors must complete eight courses in economics plus
ADMN 420 with a grade of at least C- (1.67) in each course and an
average grade of 2.0 or better in the major courses. These courses must
include ECON 605 and 611. In addition, majors must complete either MATH
420 or 424A. Coursework in accounting is recommended but not required.
B.S. economics majors must complete nine courses in economics with a
grade of at least C- (1.67) in each course and an average grade of 2.3
or better in the major courses. These courses must include ECON 605,
611, 726, and 775. In addition, majors must complete MATH 424A, ADMN
403, 410, 420, 502, and 503.
Major credit toward ECON 605 and/or 611 will be awarded to transfer
students only if equivalent courses have been taken at the junior level
or above. Transfer students must take at least five of their economics
courses at UNH.
Students may petition to substitute one business administration course
for an economics elective if the course is at the 600 level or above
and if a grade of C- or better is earned. Students may earn no more
than 16 credits in internships, independent studies, field experience,
and supervised student teaching experience. All economics majors must
satisfy the bachelor of arts or bachelor of science degree requirements.
The economics department offers three specialized options within the
bachelor of art. By selecting economics electives from an approved
list, a student majoring in economics can graduate with an option in
financial and managerial economics, international and development
economics, or public policy economics.
A suggested plan of study for B.A. economics majors follows
Freshman Year
ECON 401, 402, Principles of Economics (Macro and Micro); MATH 420 or MATH 424A
ADMN 403, Computing Essentials for Business
ADMN 405, Freshman Academic Experience I (1 credit, credit/fail grading)
ADMN 406, Freshman Academic Experience II (1 credit, credit/fail grading)
Sophomore Year
ADMN 420, Business Statistics; ECON 605, Intermediate Microeconomic Analysis; ECON 611, Intermediate Macroeconomic Analysis
Junior and Senior Years
Economics electives (at least 4)
A suggested plan of study for B.S. economics majors follows
Freshman Year
ECON 401, 402, Principles of Economics (Macro and Micro); MATH424A
ADMN 403, Computer Essentials for Business; ADMN 405, Freshman Academic
Experience I; ADMN 406, Freshman Academic Experience II; ADMN 410,
Management
Information Systems; ADMN 502, Introductory Financial Accounting
Sophomore Year
ADMN 420, Business Statistics; ADMN 503, Managerial Accounting; ECON
605, Intermediate Microeconomic Analysis; ECON 611, Intermediate
Macroeconomic Analysis
Junior and Senior Years
ECON 726, Introduction to Econometrics; ECON 775, Applied Research Skills for Economists; Economics electives (at least 3)
A minor in economics consisting of five courses is also available. At
least three of these courses must be taken at UNH. For more on the
minor and options within the major, consult the Whittemore School
Undergraduate Programs Office.
