Apr 17, 2024  
2023-2024 Undergraduate Catalog 
2023-2024 Undergraduate Catalog


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Professor Daniel Millimet, Department Chair

Professors: Nathan Balke (Director of Undergraduate Studies), Raveendra Batra, Rajat Deb, Klaus Desmet, Tom Fomby, Kathy Hayes, Daniel Millimet, Santanu Roy, Tim Salmon
Associate Professors: Bo Chen, Thomas Osang, Omer Ozak, Saltuk Ozerturk
Assistant Professors: Hao Dong, Alipio Ferreira, Wookun Kim, Rocio Madera, Nathaniel Pattison, Prasanthi Ramakrishnan, Michael Sposi
Senior Lecturers: Mea Ahlberg, Marcela Giraldo, Helen Reynolds, Elizabeth Wheaton

General Information

An undergraduate degree in economics from Southern Methodist University equips students with specialized analytical, problem-solving, and critical-thinking skills and an understanding of how human behavior influences the production and distribution of wealth. Economics majors can capitalize on our rigorous curriculum by choosing from a broad array of advanced economics courses to tailor their studies to their personal interests and career aspirations.

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:

  1. ECO 3301  and ECO 3302  require prior completion of MATH 1309  or MATH 1337 .
  2. All economics courses at the 4000 level or above require prior completion of STAT 2331  or STAT 4340 .
  3. Additional recommended or required preparation for courses is indicated within the course descriptions.
  4. Questions concerning specific courses and the undergraduate program in general should be directed to the economics undergraduate adviser and the director of undergraduate studies.
  5. Students majoring in economics are urged to consult a departmental adviser periodically to review their degree plans and progress.
  6. Once students have matriculated at SMU, the economics department will not accept transfer credit for online courses.

Admission of SMU Students to an Economics Major

Students interested in majoring in economics must satisfy the criteria listed below: 

  1. Completion of 30 credit hours in good academic standing
  2. Completion of economics subset courses with no grade below C-, a minimum subset GPA of 2.7, and a minimum all-college cumulative GPA of 2.7. The all-college cumulative GPA must be at least 2.7 at the end of the semester in which the final subset courses are completed.

The economics subset includes: 


  1. If the same course is repeated under the Grade Replacement Repeat policy (first attempt was a D+ or lower), the grade from the second attempt will be used for both the subset and the all-college GPAs.
  2. If the same course is repeated but the first attempt was a C- or higher, the grade from the second attempt will not be used for the Economics subset.
  3. If both WRTR 1312  and WRTR 1313  are taken, the higher of the two grades will be used to calculate the Economics subset GPA. If both MATH 1309  and MATH 1337  are taken, the higher of the two grades will be used to calculate the Economics subset GPA. If both STAT 2331  and STAT 4340  are taken, the higher of the two grades will be used to calculate the Economics subset GPA. In all three cases, the grades from both courses will be used to calculate the all-college GPA.


  1. 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.
  2. Once a student enters SMU, all remaining subset courses must be completed through enrollment at SMU.

Departmental Distinction

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.





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