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Economics Concentration | Undergraduate Degree Program

Economics Concentration

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This concentration highlights the decision making of people in a business—entrepreneurs, managers, employees, executives, shareholders, etc.—as well as the impact of those decisions on society. Within this major, you can customize an economics concentration to your preferences and skill. As a graduate, you will have critical thinking skills well rounded in the liberal arts tradition to be successful in providing solutions to problems found in business and life. These skills will include the ability to analyze existing systems or institutions, find economic data and other existing knowledge to apply it to a problem and then form recommendations to enhance efficiency and/or equity. Oral and written communication skills coupled with the economic way of thinking will provide you with the necessary skills to enter the real world with confidence to be excellent at what you do for yourself, your family, community and society.

Economics is offered at the following locations.

  • Kansas City (Overland Park, Kansas)
  • Brookfield, Wisconsin
  • Online

Economics Concentration Courses

A concentration consists of a minimum of four courses, of which at least 12 semester credits must be upper division. See the course catalog for more information regarding concentrations.
Select at least four of the following courses:

Required Course

ECO 30163 | Intermediate Microeconomics (3 Credits)
Further develops the topics in principles of microeconomics with a richer set of economic tools. Economic analysis is applied to the behavior of individuals, businesses and governments as these agents interact in the market economy. The social consequences regarding equity and efficiency of the production and distribution of final goods and services is analyzes considering both monetary and non-monetary gains. Prerequisite: ECO 20263 Microeconomics. 

Elective Courses 

Choose three from the following: 

ECO 30363 | Money and Banking (3 Credits)
Studies role of money and banking in the United States economic development and in international finances, significance of money, banking history and development, commercial banking operations and structure, central banking and monetary management, alternative international monetary systems, and monetary theory and policy. Prerequisite: ECO 20163 Macroeconomics. 

ECO 30463 | Spatial Economics (3 Credits)
Businesses, households and governments must all determine where they will partake in economic activity. This course explores the decsions by individuals on where to do business. The formation of cities and suburbs both rural and urban is analyzed with special attention paid to issues of land use, transportation, crime, housing and entrepreneurship. Prerequisite: ECO 20263 Microeconomics. 

ECO 33063 | Entrepreneurial Economics (3 Credits)
Highlights the decision making of for-profit and non-profit entrepreneurs and the impact of those decisions on society. Unpacks the decisions by policymakers on how (or if ) entrepreneurship should be encouraged to increase social welfare. Special attention is paid to the tensions created by those who support free-market policies versus those who believe that governments must intervene to correct market failure. Prerequisite: ECO 20263 Microeconomics.

OR 

PPE 30000 | Political Economy (3 Credits)
Much of the 20th century mainstream economics treated political institutions as a black box which utilizes assumed omniscience and omnipotence to maximize social welfare. In this course, we open the black of politics by considering how politicians and political institutions are influenced by limited knowledge and divergent incentives. The course will then lead us to study how these politicians and institutions influence the knowledge and incentives of other people. More informal governing authorities, such as religious and cultural institutions will subsequently by studied. Students will learn how economic logic effects and is affected by the underlying institutional context. 

ECO 40664 | Investment Finance (3 Credits)
Explores financial system, financial institutions and primary forces which affect them. Emphasis on instruments and interactions in money and capital markets and analysis of firms for portfolio management. Prerequisites: ECO 20163 Macroeconomics, ECO 30363 Money and Banking or FIN 30000 Foundations of Finance. 

ECO 40963 | International Economics (3 Credits)
Examines principle topics of international economics. Examines balance of payments, exchange rates, free trade, protectionism and economic development from the perspective of the business major. Develops appreciation of world economic environment as it impinges on choices and decisions made by managers of all-size firms. 

 

Full Degree Catalog

University Accreditation

Ottawa University, as a whole, is accredited by the Higher Learning Commission.

Specific degree programs within our institution have also been accredited by relevant bodies within the field:

We are proudly recognized for our commitment to student excellence by the following designations:

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