Jul 15, 2024  
2023-2024 Undergraduate Catalog 
2023-2024 Undergraduate Catalog [ARCHIVED CATALOG]

Economic Forecasting Minor (R)

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Economics is the study of how people manage limited (scarce) resources. All kinds of resources are scarce: money, time, natural resources, energy, land, etc. There are not enough resources to produce everything we desire, so we must make choices about how to use what little resources we have. In the end, sacrifices must be made. Economists study individual decision-making behavior, as well as the system of social, political, cultural and commercial environments where these decisions happen. Economics employs many quantitative tools to analyze behaviors and the consequences of choices (market outcomes, industry trends, economy-wide performance). This program gives students a brief exposure to the empirical tools and methods used in economic analysis which can enhance their primary field of study.

REAL Curriculum

This minor fulfills the R area of the REAL Curriculum. Students develop scientific and quantitative reasoning by applying statistical and mathematical tools to assist decision makers in solving economic problems. Students also use logical reasoning, deduction and empirical analysis to form, test and evaluate hypotheses about economic behavior. Students need majors and/or minors to fulfill the E, A and L areas to complete the REAL Curriculum requirements.

General Education Requirements

General Education courses will be denoted below with a (GE). Students are required to take at least 30 credit hours of general education designated courses within their degree requirements. The Economic Forecasting minor includes 12-13 general education credits.

Minor Requirements (15-16 credits)

Total Credit Hours for Minor 15-16

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