Randolph C. Martin, Chair
John T. Addison, Ph.D., London School of Economics, 1971, Hugh C. Lane Sr. Professor in Economics
McKinley L. Blackburn, Ph.D., Harvard University, 1987
Henry W. Chappell, Ph.D., Yale University, 1979
Randolph C. Martin, Ph.D., Washington University, 1971
John H. McDermott, Ph.D., Brown University, 1979
Doug P. Woodward, Ph.D., University of Texas, 1986, Director, Division of Research
Janice Boucher Breuer, Ph.D., University of North Carolina, 1987
Melayne M. McInnes, Ph.D., Yale University, 1998
William H. Phillips, Ph.D., Massachusetts Institute of Technology, 1980
Chun-Hui Miao, Princeton University, Ph.D., 2005
Donald L. Schunk, Ph.D., University of Tennessee, 1999
James Bradley, C.Phil., University of North Carolina, 1970
Donald C. Balch, M.A., University of South Carolina, 1988
Distinguished Professors Emeriti
Gerald E. Breger, Ph.D., University of Arkansas, 1964
Robert J. Carlsson, Ph.D., Rutgers University, 1964
Robert W. Clower, Doctor of Letters, Oxford University, 1978
Elchanan Cohn, Ph.D., Iowa State University, 1968
B.F. Kiker, Ph.D., Tulane University, 1965
W. Pierce Liles, Ph.D., University of South Carolina, 1972
William F. Putnam, M.A., University of South Carolina, 1957
Ronald P. Wilder, Ph.D., Vanderbilt University, 1969
C. Glyn Williams, Ph.D., University of Virginia, 1960
David R. Pender, M.B.A., New York University, 1951
William S. Rawson, Ph.D., Duke University, 1967
The Department of Economics offers majors in both the College of Arts and Sciences and in the Moore School of Business. Economics majors in the College of Arts and Sciences may earn the B.A. or B.S. degree by completing the 24-hour major requirement along with the college core, distribution requirements, and cultural-awareness and writing-emphasis requirements as described in the basic degree requirements in liberal arts. Business economics majors in the Moore School of Business may opt for a 12-hour major or a 24-hour intensive major as described in the degree requirements for the Bachelor of Science in Business Administration. This major combines course work in economics with the business course work in management science, accounting, management, marketing, and finance, along with a general education core. Students are encouraged to talk with an advisor in the economics department to gain further information about the differences between the B.A. and B.S. in economics in the College of Arts and Sciences and the business economics major in the Moore School of Business.
Lower division. Freshmen and transfer students must meet all University and college admission requirements. Students transferring from other institutions or from other majors on the Columbia campus must meet all such requirements and have a GPA of 2.25 or better. All students enter the lower division when the economics major is declared.
Lower division. Students in the lower division may not enroll in ECON 321/322 or in courses for which these courses are prerequisite.
Upper division. Progression into the upper division requires the completion of ECON 221 and 222 (or ECON 224) and MATH 122 or 141 with a grade of C or better in each of these courses.
1. General Education Requirements (53-65 hours)
The following courses fulfill some of the general education requirements and must be completed with a minimum grade of C for a B.A. or B.S. degree in economics: ECON 221 and 222 or ECON 224; MATH 122 or MATH 141; and STAT 201.
2. Major Requirements (24 hours)
Major Core (9 hours)
ECON 321 Economic Theory (Micro)
ECON 322 Economic Theory (Macro)
ECON 511 Senior Seminar in Economics
Electives in Economics (300 level and above) (15 hours)
No more than 6 hours of 300-level electives may count toward an economics major.
3. Cognates/Minor, see College of Arts and Sciences (12-18 hours)
4. Electives, see College of Arts and Sciences
Students who plan to major in economics are advised to consult the director of undergraduate studies in economics during the freshman year.
Course Descriptions (ECON)
ECON 221 and 222, or ECON 224 are prerequisite to all 300-, 400-, and 500-level economics courses.