Declaration Requirements

To declare a major in Economics, a student must meet the following requirements:
 
  • Completion of 28.0 hours at DePaul University
  • The following courses must be completed with a minimum grade of C- and with a combined GPA of 2.000 or higher: ACC 101, ACC 102, BLW 201, ECO 105, ECO 106, MAT 135, MAT 136, and MAT 137
  • A minimum cumulative DePaul grade point average of 2.000
  • A minimum Economics (ECO) grade point average of 2.000
  • No grade of IN, R, or lower than C- in any Economics (ECO) course or course used toward the Economics major
  • Completion of ECO 105, ECO 106 and ECO 315 with minimum grades of C-

Course Requirements

In addition to ECO 105, ECO 106 and ECO 315, a student majoring in Economics is required to complete the following courses totaling 30.0 hours:
 

If you are completing a double major or minor in finance, you must take FIN 320 in place of ECO 315.

Other 250 career courses (2.0 hours) offered in the Driehaus College of Business can be used as a substitute for ECO 250. ​

ECO 101 is intended for non-Driehaus students and cannot be counted toward a major or minor in economics.

ECO 395 may not be taken by students in the Driehaus College of Business. 

Open Electives

Open elective credit (16.0 hours) is needed to meet the minimum graduation requirement of 192 hours.

Global Business Perspective

If an ECO course is shared between Global Business Perspective and the Economics major, additional hours of Open Elective credit are required.

Degree Conferral Requirements

All Economics (ECO) courses and any courses used toward the Economics major must be completed with a minimum grade of C- and with a combined GPA of 2.000 or higher.

ACC 101

INTRODUCTION TO ACCOUNTING I

Introduction to Accounting I, provides an introduction to financial accounting as the means of recording, storing and summarizing economic events of the business enterprise to meet external reporting needs. Emphasis is placed on the preparation and analysis of financial statements and other financial reports to the public based on the accounting equation, accrual accounting concepts, and data gathering techniques. Topics include corporate accounting for current and long term assets and current liabilities, and the corporate income statement.
Prerequisites:
MAT 130 is a prerequisite for this class.

ACC 102

INTRODUCTION TO ACCOUNTING II

Introduction to Accounting II, a companion and sequel course to Accounting 101, continues to explore basic accounting fundamentals and concepts. The course provides an introduction to managerial accounting and internal reporting. Topics include financial accounting for long-term liabilities, the components of stockholders equity, the statement of cash flows, financial statement analysis, budgeting and variance analysis, job costing for the service sector and cost analysis for decision-making.
Prerequisites:
ACC 101 is a prerequisite for this class.

BLW 201

LEGAL & ETHICAL ASPECTS IN THE BUSINESS ENVIRONMENT

Legal and Ethical Aspects in the Business Environment. Study of the nature and philosophy of law including ethical perspectives and fundamental concepts and legal principles of sales contracts, product liability, business organizations, and employment law including ethical and social responsibilities in the managerial process.
Prerequisites:
Sophomore standing is a prerequisite for this class.

ECO 105

PRINCIPLES OF MICROECONOMICS

Principles of Microeconomics. Basic theories of micro (or individual) economic units; the theory of consumer demand, the firm, and distribution; pricing and production in competitive, monopolistic and oligopolistic industries.
Prerequisites:
MAT 130 or equivalent is a prerequisite for this class.

ECO 106

PRINCIPLES OF MACROECONOMICS

Principles of Macroeconomics. Fundamental theories of macro (or aggregate) economics: supply and demand, national income accounting and analysis, and international trade. Analysis of unemployment, and inflation, and policies designed to combat these and other current problems.
Prerequisites:
MAT 130 or equivalent is a prerequisite for this class.

MAT 135

BUSINESS CALCULUS I

Differential calculus of one or more variables with business applications. Formerly BMS 125.
Prerequisites:
MAT 130 or equivalent is a prerequisite for this class.

MAT 136

BUSINESS CALCULUS II (FORMERLY BMS 126)

Integral calculus, matrix algebra, and probability theory with business applications. Formerly BMS 126.
Prerequisites:
BMS 125 is a prerequisite for this class.

MAT 137

BUSINESS STATISTICS

Basic concepts of statistics and applications; data analysis with the use of Excel; theoretical distributions; sampling distributions; problems of estimation; hypothesis testing; problems of sampling; linear regression and correlation. Formerly BMS 142.
Prerequisites:
MAT 136 or equivalent is a prerequisite for this class.

ECO 315

INTRODUCTION TO MONEY AND BANKING

Introduction to Money and Banking. The structure of the American banking system; role of the Federal Reserve System; private financial markets and institutions; the effectiveness of monetary policy, and international finance.
Prerequisites:
ECO 105, ECO 106 and (MAT 130 or equivalent) are a prerequisite for this class.
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