{"id":368,"date":"2021-10-06T16:50:12","date_gmt":"2021-10-06T16:50:12","guid":{"rendered":"https:\/\/www.butler.edu\/arts-sciences\/economics\/"},"modified":"2024-01-19T09:30:35","modified_gmt":"2024-01-19T14:30:35","slug":"economics","status":"publish","type":"page","link":"https:\/\/www.butler.edu\/arts-sciences\/economics\/","title":{"rendered":"LAS Economics"},"content":{"rendered":"<section class=\"content-block content-block--has-menu wp-block-butler-content-block\">\n\t<div class=\"content-block-container\">\n\t\t<div class=\"content-block-layout\">\n\t\t\t<div class=\"content-block-menu-container\">\n\t\t\t\t\t\t\t\t\t<nav class=\"content-block-menu-nav\" aria-label=\"Site menu\" id=\"page-nav\"><div class=\"content-block-menu-wrapper\"><header class=\"content-block-menu-header\"><span class=\"content-block-menu-header-label\">College of Liberal Arts &#038; Sciences Menu<\/span><button type=\"button\" class=\"content-block-menu-mobile-toggle\" title=\"Toggle menu\" aria-label=\"Toggle menu\" aria-expanded=\"false\"><\/button><\/header><ul class=\"content-block-menu-list\"><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/arts-sciences\/about\" class=\"content-block-menu-list-link\">About<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/arts-sciences\/undergraduate-programs\/\" class=\"content-block-menu-list-link\">Undergraduate Programs<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/arts-sciences\/las-graduate-programs\/\" class=\"content-block-menu-list-link\">Graduate Programs<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/academics\/three-year-programs\/\" class=\"content-block-menu-list-link\">Three-Year Programs<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/arts-sciences\/faculty-staff\/\" class=\"content-block-menu-list-link\">Faculty &amp; Staff<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/arts-sciences\/experiential-learning\/\" class=\"content-block-menu-list-link\">Experiential Learning<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"https:\/\/www.butler.edu\/arts-sciences\/global-opportunities\/\" class=\"content-block-menu-list-link\">Global Opportunities<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-initial\"><a href=\"\/arts-sciences\/essay-contest\" class=\"content-block-menu-list-link\">Liberal Arts Essay Contest<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-hidden-overflow\"><a href=\"https:\/\/www.butler.edu\/arts-sciences\/sciences-complex\/\" class=\"content-block-menu-list-link\">Sciences Complex<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-hidden-overflow\"><a href=\"https:\/\/www.butler.edu\/academics\/phi-beta-kappa\/\" class=\"content-block-menu-list-link\">Phi Beta Kappa Society<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-hidden-overflow\"><a href=\"https:\/\/www.butler.edu\/arts-sciences\/student-awards\" class=\"content-block-menu-list-link\">LAS Student Awards<\/a><\/li><li class=\"content-block-menu-list-item content-block-menu-item-hidden-overflow\"><a href=\"https:\/\/www.butler.edu\/arts-sciences\/sci-olympiad\/\" class=\"content-block-menu-list-link\">Science Olympiad<\/a><\/li><\/ul><\/div><button type=\"button\" class=\"content-block-menu-desktop-toggle\" aria-expanded=\"false\" data-content-block-toggle-more-label=\"More links\" data-content-block-toggle-less-label=\"Hide links\">More links<\/button><\/nav>\t\t\t\t\t\t\t<\/div>\n\t\t\t<div class=\"content-block-content-container is-layout-constrained\">\n\t\t\t\t<h1 class=\"wp-block-heading\">LAS Economics<\/h1><p class=\"wp-block-paragraph\">Economics provides you with problem-solving and data-gathering skills to make informed decisions in a variety of settings; e.g., government, law, finance, business, or journalism; and for a variety of job responsibilities, from college intern or a newly-hired bank credit analyst, at one end of the spectrum, to U.S. senator, Supreme Court justice, or CEO of a successful business, on the other.<\/p><p class=\"wp-block-paragraph\">Besides being a strong major in its own right, economics is a nice complement to students who have interests in philosophy, political science, sociology, history, mathematics, psychology, foreign languages, engineering, and English. Indeed, the Nobel Prize in economics is often awarded to economists who also have a keen interest in one of the above areas.<\/p><p class=\"wp-block-paragraph\">Here at Butler, you can study economics as a major in the College of Liberal Arts and Sciences or as a major in the\u00a0<a href=\"https:\/\/www.butler.edu\/lacyschool\/economics\" title=\"Lacy School Economics\">Lacy School of Business<\/a>. The student in Liberal Arts and Sciences may have a given career path in mind but often does not. He or she knows that economics offers an array of opportunities and takes economics to learn critical thinking skills and about the dynamic economic environment in which we live. The career choice will follow. The same applies to a student who majors in the Lacy School, but the career choice is more targeted to the business sector. The economics courses taken in either college are the same; the courses outside of economics, though, are different between the two colleges.<\/p><p class=\"wp-block-paragraph\">Students who major in economics will learn and discuss issues such as how the Federal Reserve creates money and influences interest rates domestically and around the world, why the euro changes in value against the dollar, and the reason behind Zimbabwe inflation. They will learn about the &#8220;Wealth of Nations&#8221; from rich countries (e.g., the U.S.) to poor ones (e.g., Bangladesh), about growing countries (e.g., China) and countries transitioning to capitalism (e.g., Russia). They will learn about the invisible hand of the market and the different roles of government in a mixed economy.\u00a0The tools in addressing these questions include supply and demand, international trade and exchange rate determination, monetary and fiscal policy, market structure, and statistical relationships.<\/p><p class=\"wp-block-paragraph\">A minor in economics is also offered.<\/p><div class=\"butler-accordion-container wp-block-butler-accordion-container\" data-allow-multiple=\"false\" style=\"--butler-accordion-title-bg-hover: ;\">\n\n<div class=\"butler-accordion-item wp-block-butler-accordion-item\">\n\t<div class=\"butler-accordion-header\">\n\t\t<h2 class=\"butler-accordion-title wp-block-butler-accordion-item\">\n\t\t\t<button class=\"butler-accordion-toggle\" aria-expanded=\"false\">\n\t\t\t\tLAS Economics Major\t\t\t\t<span class=\"screen-reader-text\">Open<\/span>\n\t\t\t<\/button>\n\t\t<\/h2>\n\t<\/div>\n\t<div class=\"butler-accordion-item-content\" aria-hidden=\"true\">\n\t\t<p class=\"wp-block-paragraph\"><strong>Required Foundation Courses:<\/strong><\/p><ul class=\"wp-block-list\"><li>EC231, Principles of Microeconomics<\/li><li>EC232, Principles of Macroeconomics<\/li><li>MA125, *Business Calculus or MA106, *Calculus and Analytical Geometry 1<\/li><li>MS100, Basic Excel Skills<\/li><li>MS264, *Statistics<\/li><li>MS265, Information Technology<\/li><\/ul><p class=\"wp-block-paragraph\">*Analytical Reasoning under University Core Curriculum is satisfied by completing either (1) MA106 \u00a0or \u00a0(2) MA125 and MS264<\/p><p class=\"wp-block-paragraph\"><em>Foundation Course hours: 14 (Not counting MA125 or MA106, and with MS100 being two hours)<\/em><\/p><p class=\"wp-block-paragraph\"><strong>Other Required Courses:<\/strong><\/p><ul class=\"wp-block-list\"><li>EC332, Intermediate Macroeconomics<\/li><li>EC354, Intermediate Microeconomics<\/li><li>EC464, Quantitative Methods-Econometrics<\/li><\/ul><p class=\"wp-block-paragraph\"><em>Other Required Course hours: 9<\/em><\/p><p class=\"wp-block-paragraph\"><strong>Additional Courses:<\/strong><\/p><ul class=\"wp-block-list\"><li>\u00a0Any four Economics courses numbered 300 or 400 level<\/li><li>Economics Electives hours: 12<\/li><\/ul><p class=\"wp-block-paragraph\"><strong>Total Hours: 35<\/strong><\/p>\t<\/div>\n<\/div>\n\n<div class=\"butler-accordion-item wp-block-butler-accordion-item\">\n\t<div class=\"butler-accordion-header\">\n\t\t<h2 class=\"butler-accordion-title wp-block-butler-accordion-item\">\n\t\t\t<button class=\"butler-accordion-toggle\" aria-expanded=\"false\">\n\t\t\t\tLAS Economics Minor\t\t\t\t<span class=\"screen-reader-text\">Open<\/span>\n\t\t\t<\/button>\n\t\t<\/h2>\n\t<\/div>\n\t<div class=\"butler-accordion-item-content\" aria-hidden=\"true\">\n\t\t<ul class=\"wp-block-list\"><li>EC231, Principles of Microeconomics<\/li><li>EC232, Principles of Macroeconomics<\/li><li>Either EC332, Intermediate Macroeconomics or EC354, Intermediate Macroeconomics<\/li><li>Three economics courses numbered 300 or 400 level<\/li><\/ul><p class=\"wp-block-paragraph\"><strong>Total hours: 18<\/strong><\/p>\t<\/div>\n<\/div>\n\n<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-368","page","type-page","status-publish","hentry"],"revision_note":"","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LAS Economics | Butler University<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.butler.edu\/arts-sciences\/economics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LAS Economics | Butler University\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.butler.edu\/arts-sciences\/economics\/\" \/>\n<meta property=\"og:site_name\" content=\"College of Liberal Arts &amp; 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