2024-2025 Catalog
Economics (ECON-BS), B.S.
|
|
 Return to: Degree Programs
Bachelor of Science
From the best way to build your savings account to the complex interactions of global trade policies and markets, the study of economics helps us understand how people and organizations make choices and how those choices shape our world.
Combining classical economics with a cutting-edge, 21st century business core, the Ferris Economics degree program will provide you with the tools to untangle those choices and behaviors, analyze the structures and forces that produce them, and apply your analysis and understanding in a career where you can make an impact on the world.
With your Economics bachelor’s degree, you will be ready for a career as a leader in business, finance, law, public policy, and an extremely wide range of other fields.
|
Program Outcomes
- Analyze individual, household, firm, and government behavior using the core elements of the economic way of thinking which include rational choice theory, marginal analysis, cost-benefit analysis, trade-offs and opportunity costs, utility, and profit maximization.
- Apply Economic theory in outside disciplines (such as history, philosophy, political science, or psychology) to gain a more complete understanding of the economy and the world. Demonstrate the relevance of the economic way of thinking in non-market activities and understand the relevance of economic ideas in other disciplines.
- Analyze macroeconomic changes and business cycles using the various economic theories, including but not limited to the Classical and Keynesian Theories. Evaluate the efficacy of common policy responses to macroeconomic changes, including but not limited to the effect of monetary, fiscal, and trade policies.
- Analyze the impact of domestic and international institutions, property rights, and prices on economic activity and analyze how differing economic systems impact economic growth.
- Apply intermediate microeconomic theory to explain various market structures and firm behavior. Evaluate the efficiency of managerial decisions under different constraints.
- Understand when economic arguments require empirical support, be able to develop testable hypotheses, identify relevant data needed to test a hypothesis, understand appropriate statistical techniques and tests, and interpret the results of such analyses.
- Distinguish between different schools of economic thought and compare economics arguments with different conclusions on a specific issue or problem, and assess the role played by assumptions in arguments that reach different conclusions on a specific economic or policy problem.
- Conduct original research to build an argument using economic theory to answer a question (or make a prediction) where an answer is unclear or no clear answer exists. Present original economic arguments in both quantitative and non-quantitative forms.
New Student Admission Requirements
2.50 High School GPA (on a 4.00 scale)
- SAT Scores Two of the Three Criteria:
- ERW SAT score of 450 or higher.
- Math SAT score of 500 or higher. Placement in MATH 109 or MATH 110 will be considered (Math SAT score of 480 or higher).
- Composite SAT of 900 or higher.
- ACT Scores Two of the Three Criteria:
- English ACT score of 16 or higher.
- Math ACT score of 19 or higher.
- Reading ACT score of 19 or higher.
Transfer Student Admission Requirements
- Combined college or university GPA of 2.35 (on a 4.00 scale) from all institutions attended. GPA based on completion of 12 transferable semester credit hours or more. Developmental courses will not be considered in computing the GPA requirement.
- Transfer equivalency for Ferris State University’s ENGL 150 or placement during the first semester at Ferris State University which would require an English ACT score of 16 or higher; or ERW SAT score of 450 or higher; or English Accuplacer score of 6 or higher.
- Transfer equivalency for Ferris State University’s MATH 114 or MATH 115 or placement during the first semester at Ferris State University which would require a Math ACT score of 19 or higher; Math SAT of 500 or higher; or Math Accuplacer scores: Elementary Algebra score 75 or higher and College Level Math0 to 49.
University Requirements - 33 to 35 Credits Required
First Year Seminar Requirement (FSUS 100 or Equivalent) - 0 to 1 Credit Required
All First-Time-In-Any-College Freshmen (FTIACs) must complete a one-credit FSUS 100 course, or its equivalent. Additional information and the definition of FTIAC for FSUS purposes can be found in the: Ferris State University Academic Affairs FSUS Policy
University General Education Requirements - 33 to 34 Credits Required
Courses in this section are required to satisfy the University General Education Requirements for a bachelor’s degree. The University General Education requirements can be found on the: Ferris State University General Education Requirements Webpage
Communication Competency - 12 Credits Required (or Their Equivalent)
Quantitative Literacy Competency - 3 to 4 Credits Required (or Their Equivalent)
Natural Sciences Competency - 6 Credits Required
Two courses are required with a minimum of 6 credits: must have at least one lab course.
Culture Competency - 9 Credits Required
Three courses are required with a minimum of 9 credits: must be from two different disciplines, have at least one 200 level or higher course, and have no more than 5 credits from Cultural Competency Activities.
Self and Society Competency - 9 Credits Required (6 Credits Met in College Requirements)
Three courses are required with a minimum of 9 credits: must be from two different disciplines and have at least one 200 level or higher course.
United States (U.S.) Diversity Competency - 1 Course Required
If not met by courses taken for Culture Competency, Self and Society Competency, or Michigan Transfer Agreement (MTA), a student must have one course with the United States (U.S.) Diversity attribute. Some courses include both Global and United States (U.S.) Diversity attributes.
Global Diversity Competency - 1 Course Required
If not met by courses taken for Culture Competency, Self and Society Competency, or Michigan Transfer Agreement (MTA), a student must have one course with the Global Diversity attribute. Some courses include both Global and United States (U.S.) Diversity attributes.
Collaboration Competency - Courses Required Met in College Requirements
If not met by courses taken in the College Requirements section, a student must have two courses with the Collaboration attribute. Some courses include both Collaboration and Problem Solving attributes.
Problem Solving Competency - Courses Required Met in College Requirements
If not met by courses taken in the College Requirements section, a student must have two courses with the Problem Solving attribute. Some courses include both Collaboration and Problem Solving attributes.
College Requirements - 87 to 93 Credits Required
Business Core Requirements - 30 Credits Required
These courses are used to calculate the core 2.00 GPA requirement.
Major Courses - 30 Credits Required
These courses are used to calculate the major 2.00 GPA requirement.
Additional Requirements - 9 Credits Required
These courses are not used to calculate the major 2.00 GPA requirement.
Concentration or Minor - 12 to 18 Credits Required (Advisor Approval)
A minimum of 12 credits is required, choose one of the following:
- A prescribed concentration from within this section; these courses are not used to calculate the major 2.00 GPA requirement.
- An advisor approved minor; these courses are not used to calculate the major 2.00 GPA requirement.
Philosophy Concentration (ECPH) - 12 Credits Required
These courses are not used to calculate the major 2.00 GPA requirement.
Political Science Concentration (ECPS) - 12 Credits Required
These courses are not used to calculate the major 2.00 GPA requirement.
Quantitative Methods Concentration (QUME) - 12 to 13 Credits Required
Students in this concentration are required to take STQM 322 in the Major Courses section. These courses are not used to calculate the major 2.00 GPA requirement.
Minor - 18 Credits Required (Advisor Approval)
These courses are not used to calculate the major 2.00 GPA requirement.
Electives - 6 Credits Required
The credits required may vary depending on courses taken.
In order to graduate with a bachelor’s degree, a student must have a minimum of 120 credits. The electives required for each student may vary depending on courses taken. Based on how a student meets the programmatic requirements, they may need more or less than 6 credits of elective courses to meet the required 120 credit minimum.
Notes
- Students who return to the university after an interrupted enrollment, not including summer semester, must normally meet the requirements of the curriculum which are in effect at the time of their return, not the requirements which were in effect when they were originally admitted.
- Economics students must be able to demonstrate competency in ISYS 105 topics or take ISYS 105 .
- Credit Variance - Credits required may vary based on course placement, prerequisites, etc. If you have questions, contact your advisor.
Graduation Requirements
In order to graduate from Ferris State University, students must meet both University and Programmatic Graduation Requirements.
University Graduation Requirements
These are the minimum graduation requirements for a bachelor’s degree at Ferris State University:
- All requirements as specified in the University Requirements section must be met.
- A minimum of 120 credits must be earned.
- A 2.00 or higher cumulative Ferris State University GPA is required.
- A minimum of 30 credits must be earned from Ferris State University to meet the Residency requirement.
- A minimum of 40 credits of 300 level or higher courses must be earned.
Programmatic Graduation Requirements
These are the additional graduation requirements mandated by the program:
- All requirements as specified in the College Requirements section must be met.
- A 2.00 or higher cumulative GPA is required in the Business Core Requirements section.
- A 2.00 or higher cumulative GPA is required in the Major Courses section.
Suggested Semester Layout
Consult Advisor to Approve Your Customized Plan in MyDegree
Fall Courses
- Culture Competency Credit Hours: 3
- Concentration Course or Minor Course Credit Hours: 3
- Concentration Course or Minor Course Credit Hours: 3
- ECON 300+ Credit Hours: 3
- ECON 300+ Credit Hours: 3
Spring Courses
- BUSN 499 - Integrating Experience Credit Hours: 3
- ECON 300+ Credit Hours: 3
- Directed Elective Credit Hours: 3
- Concentration Course Credit Hours: 3
or - Minor Course Credit Hours: 3
- Concentration Course Credit Hours: 3
or - Minor Course Credit Hours: 3
|
Return to: Degree Programs
|
|
|
