Goucher College 2017-2018 Undergraduate Catalogue 
    Mar 18, 2018  
Goucher College 2017-2018 Undergraduate Catalogue

Economics Major

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Total number of credits required: 36

Writing Proficiency Requirement

Students may take EC 497  to fulfill the writing proficiency requirement in the major.

Qualifications Required to Graduate with Department Honors

Departmental honors are decided by a vote of the faculty just prior to Commencement each year. The following guidelines are used to consider candidates:

  • Students must achieve a grade point average of at least a 3.67 in all courses that count toward the major at the 200-level and above, including any statistics course substituted for EC 206 .
  • Students must have demonstrated to the department faculty superior grasp of economic theory and its applications.
  • Once requirements for the major have been met, students may elect to take additional courses without penalizing eligibility for honors.

Repeating Failed Courses

It is the department’s policy that students majoring or minoring in economics must receive at least a C- in every course taken toward the completion of the major/minor. Any student who fails to receive a grade of C- in more than two courses will not be permitted to continue in the major or minor. No course may be retaken more than once. For purposes of this policy, withdrawals beyond the seventh week will be considered as having taken the course.

The Economics major is intended for students:

  • who seek the analytical skills and specific knowledge of economic processes necessary to be a responsible citizen;
  • who desire economic understanding as a background for careers in business, labor, politics, law, finance, administration, or public service;
  • who hope to continue specialized studies in economics or business at the graduate level; and
  • who are preparing to teach social studies in the secondary schools. (For certification requirements, see the description under the Education program.)

Additional Information:

Students interested in majoring or minoring in Economics should start by enrolling in EC 111  - Essentials of Economics I.

Students who have received a 4 or 5 on the Advanced Placement (AP) exams for Microeconomics and/or Macroeconomics, will receive academic credit for the following requirements for the Economics major or minor:

  • EC 111  with a 4 or 5 in either AP Microeconomics or AP Macroeconomics
  • EC 111  and EC 211  with a 4 or 5 in both AP Microeconomics and AP Macroeconomics
  • EC 206 /acceptable statistics course with a 4 or 5 on the AP Statistics Exam

The same type of substitution will be available for students who have taken either a Principles of Microeconomics or Principles of Macroeconomics course at another institution.

  • EC 111  with at least a C- in either Principles of Microeconomics or Macroeconomics
  • EC 111  and EC 211  with at least a C- in both Principles of Microeconomics and Macroeconomics

Ordinarily majors must take EC 206  or an equivalent statistics course by the end of the junior year. Students may not take EC 206  if credit has already been received for another statistics course. Those planning to major in economics are encouraged to complete EC 311  as soon as possible, because it provides the essential analytical skills used in most applied economics.

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