2021-2022 Undergraduate Catalog [ARCHIVED CATALOG]
Economics
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 Return to: Dedman College of Humanities and Sciences
www.smu.edu/economics
Professor Daniel Millimet, Department Chair
Professors: Nathan Balke, Raveendra Batra, Rajat Deb, Klaus Desmet, Tom Fomby, Kathy Hayes (Director of Undergraduate Studies), Daniel Millimet, Santanu Roy, Tim Salmon
Associate Professors: Bo Chen, James Lake, Thomas Osang, Omer Ozak, Saltuk Ozerturk
Assistant Professors: Hao Dong, Wookun Kim, Rocio Madera, Nathaniel Pattison, Michael Sposi
Senior Lecturers: Helen Reynolds, Elizabeth Wheaton
Lecturer: Marcela Giraldo
Students majoring in economics may choose among four degree plans. Under each degree plan, students are expected to take ECO 1311 and ECO 1312 , MATH 1309 or MATH 1337 , and STAT 2331 during the first or second year. Once the major is declared, due progress must be made in terms of course enrollment. Finally, under each degree plan, students must have a GPA of at least 2.000 in economics courses attempted and must receive at least a grade of C- in all classes counting toward the major.
Notes for All Economics Majors:
- ECO 3301 and ECO 3302 require prior completion of MATH 1309 or MATH 1337 .
- All economics courses at the 4000 level or above require prior completion of STAT 2331 or STAT 4340 .
- Additional recommended or required preparation for courses is indicated within the course descriptions.
- Questions concerning specific courses and the undergraduate program in general should be directed to the economics undergraduate adviser and the director of undergraduate studies.
- Students majoring in economics are urged to consult a departmental adviser periodically to review their degree plans and progress.
- Subfields: The B.S. degree plans require the student to satisfy at least one subfield in economics when choosing advanced economic courses. The following are approved subfields:
Econometrics (2 out of 5): ECO 5350 , ECO 5375 , ECO 6352, ECO 6380, ECO 6391
Economic Growth and Development (2 out of 2): ECO 5360 , ECO 5362
Economics of Industrial Organization (2 out of 2):ECO 4371 , ECO 4382
International Economics (2 out of 2): ECO 5357 , ECO 5358
Labor Economics (2 out of 2): ECO 4351 , ECO 4361
Economics of Decision-Making (2 out of 4): ECO 5340 , ECO 5341 , ECO 5342 , ECO 5353
Monetary Economics (2 out of 2): ECO 4385 , ECO 4386
Public Economics (2 out of 6): ECO 4345 , ECO 4355 , ECO 4365 , ECO 5320 , ECO 5365 , ECO 5366
Students are encouraged to discuss these fields with faculty, especially while completing ECO 3301 and ECO 3302 .
Regular admission to any economics major requires:
- Completion of 30 credit hours
- Minimum all-college cumulative GPA of 2.700.
- A minimum GPA of 2.700 in the Economics subset:
WRTR 1312 /WRTR 2303 /WRTR 2305
ECO 1311
ECO 1312
MATH 1309 or MATH 1337
STAT 2331 or STAT 4340
Notes:
- For declaration purposes, the subset GPA and all-college cumulative GPA are recorded at the end of the term the student completes the Economics subset AND has at least 30 cumulative credit hours.
- Once a student enters SMU, all remaining subset courses must be completed through enrollment at SMU.
- With the exception of courses completed under the Grade Replacement Repeat Policy (under Grades for Repeated Courses in the Grade Policies section of the catalog), the subset GPA is calculated using the first graded attempt of these courses, even if the course was later repeated.
- All subset courses must be taken for a grade, with the exception of those courses in which the student has test credit.
- Students must earn a C- or better in all subset courses prior to declaring an economics major. Current University grading policy, as summarized under Academic Forgiveness in the General Policies section of this catalog, permits forgiveness of academic work taken 10 or more years prior to the term of declaration. Academic work forgiven under this policy will not be included in the subset or all-college cumulative GPA.
- Examination by CLEP, AP or IB will be ignored, and the subset will be based on coursework for which a grade has been given. For example, if the student received AP credit for MATH 1309 /MATH 1337 , their subset would use only STAT 2331 , ECO 1311 , ECO 1312 and WRTR 1312 /WRTR 2303 /WRTR 2305 .
- For admission to the economics B.S. with management information applications concentration, students must complete the subset requirements of the OREM department, which include EMIS 1360 (students are limited to a maximum of two enrollments in this course), MATH 1337 and MATH 1338 , WRTR 1312 /WRTR 2303 /WRTR 2305 and WRTR 1313 /WRTR 2304 /WRTR 2306 or equivalent, and CS 1341 and CS 1342 , with a 3.000 average subset GPA and a C or better in each subset course. MATH 1309 will not be accepted. For the Management Science subset GPA, only the first graded attempt is included in the subset GPA except for courses repeated using the First-Year Repeat Policy or the Grade Replacement Repeat Policy. Once a student enters SMU, all remaining subset courses must be completed through enrollment at SMU.
The student majoring in economics with sufficiently high standing may graduate with departmental distinction by pursuing a rigorous independent research project under the direction of a faculty sponsor. The research will occur while enrolled in ECO 4398 . The project will be presented to the faculty sponsor and director of undergraduate studies at the end of the term. The course prerequisites for ECO 4398 are: ECO 3301 , ECO 3302 , STAT 2331 or STAT 4340 , two 4000+ level economics courses, a minimum GPA of 3.700 in economics classes, and a minimum overall GPA of 3.500.
ProgramsMajor(s)Minor(s)CoursesEconomics
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