Invitation

Economics majors will be invited each term to participate in the Honors Track if they meet the following criteria:

Course Requirements

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

FIN 202 may be replaced by a fifth Economics elective.

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.

Additional Requirements

Honors Track students must maintain a minimum GPA of 3.300 (B+ average) in all Economics (ECO) courses taken at DePaul.

Honors Track students must submit a paper written for any economics class that meets the following criteria: (a) the student earned a B+ or better on the paper;  (b) the paper contained a literature review based on at least 5 sources; and (c) the paper was at least 10 pages OR used econometrics. This requirement must be satisfied using a paper from a course taken at DePaul. Students should contact the Director of the Undergraduate Economics Program for submission guidelines. The director position is currently held by Associate Professor Laura Owen, lowen@depaul.edu.

Degree Conferral Requirements

All Economics (ECO) courses and any other 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.

ECO 322

ECONOMICS AND FINANCIAL POLICY

This class explores policy approaches to regulating the financial system and the macroeconomy. The recent financial crisis has spurred interest in financial reform, culminating in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. Students examine the current and historical issues facing the US financial system and economy. They draw on their Business core curriculum (Money & Banking, ECO315 or FIN320) to critically evaluate reform proposals.
Prerequisites:
ECO 315 or FIN 320 is a prerequisite for this class.

ECO 305

INTERMEDIATE MICROECONOMICS

Continuation of topics treated in Economics 105, especially consumption and production theory. Marginal analysis and indifference curves are major tools used in discussion of demand for products, pricing output, wages, and distribution of output.
Prerequisites:
ECO 105 and MAT 135 or equivalent are a prerequisite for this class.

ECO 306

INTERMEDIATE MACROECONOMICS

The purpose of this course is to develop macroeconomic models that assist in understanding the myriad economic problems facing us today, both domestic and foreign, and in evaluating proposed solutions. These static and dynamic models are used to understand interactions in the macroeconomy, and will serve as a tool in predicting the level of GDP, inflation, unemployment and interest rates. Models included are: traditional short-run Keynesian analysis; the New Classical market-clearing approach; and the recent work in Neo-Keynesian thought.
Prerequisites:
ECO 105, ECO 106 and MAT 135 or equivalent are a prerequisite for this class.

ECO 359

DEVELOPMENT ECONOMICS

By some estimates, approximately 1.4 billion people live on less than $1.25 a day. When the world's per capita GDP is $10,000, why do so many people live on so little? Life expectancy in many parts of sub-Saharan Africa is less than 50 years, and in Burundi the average adult has less than three years of schooling. Why does this happen, and what can be done to change this? Students will learn how to objectively measure levels of poverty and development. Students will come to understand and analyze which types of interventions lead to improvements in people's lives. Using Stata, students will also learn techniques that researchers use to identify causal relationships between interventions and outcomes.
Prerequisites:
ECO 305 is a prerequisite for this course.