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Economics

The Morehouse economics majors learn how resources are allocated around the world and the implications of resource limitations on society.

Majors and Minors

Program at a glance

Department

The economics program emphasizes the requisite skills in analytical reasoning and effective communication through a solid background in economic theory and quantitative techniques.

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Bachelor of Arts in Economics

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Economics Minor

This interdisciplinary minor is intended to provide students with the broad understanding of the economy with the necessary skills required for global policy analysis.

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About Economics

Overview

MOREHOUSE STUDENTS MAJORING IN ECONOMICS STUDY THE USE, PRODUCTION, ALLOCATION, GROWTH, AND SOCIETAL IMPACT OF RESOURCES.

The major prepares students for careers as economic practitioners and researchers in the private sector, academia and government. To accomplish this mission, the economics program emphasizes the requisite skills in analytical reasoning and effective communication through a solid background in economic theory and quantitative techniques. The program also stresses the importance of ethical professionalism and social awareness. As a historically all black university, our expectation is to produce young men with global leadership, who are innovative, research/policy oriented, socially aware and are sensitive to the issues of African American communities in the marketplace.
Outcomes
Outcomes

The economics program is designed to improve the ability of students to think critically and write and speak effectively regarding economic issues. These skills should be reflected in students’ increased abilities to do the following:
- Identify those processes and institutions both domestically and internationally through which productive activity is organized.
- Identify issues and problems where economic analysis can be appropriately applied.
  Determine the appropriate tools of analysis to apply to a given economic issue or problem.
- Adequately analyze an economic issue or problem and offer viable conclusions and recommendations.
Earn the Major
BACHELOR OF ARTS ECONOMICS

MAJOR COURSE OF STUDY REQUIREMENTS AND CURRICULUM

The major in economics consists of three components, the college-wide general education curriculum (approximately 38 semester hours), the economics major curriculum (approximately 47 semester hours), and free electives (35 semester hours). Economics majors must complete general education courses, which include HMTH 105, 115, and 116. Students must also take 3-6 semester hours of writing, 3-12 semester hours of a modern foreign language, 3-6 semester hours of mathematics, three semester hours of arts and literature, two semester hours of health and wellness, six semester hours of ideas and ethics, 6-8 semester hours of scientific discovery, and six semester hours of society and culture. Students who place into higher-level math and English courses should consult their advisors.

Students in the math-track concentration are required to take five additional mathematics courses, HMTH 161, 162, 263, 271, and 321, and HPHY 154. Finally, all economics majors must complete HCOM 351 and HCSC 106 advanced skills courses. The completion of the following prerequisites with a grade of C or higher is required as follows: HMTH 105 or higher (excluding HMTH 110) to enroll in any ECO class, HMTH 161 to enroll in HECO 301, HECO 201 and 202 to enroll in any upper-level economics class, HECO 221 to enroll in HECO 321 and HECO 421, and HECO 301 and 302 to enroll in any 400-level course.

General Education (Core)
38 hours

Refer to the general education requirements for more information.

Economics Major
Varies

Required economics courses
29 hours
- HECO 201— Principles of Macroeconomics
- HECO 202— Principles of Microeconomics
- HECO 221— Basic Statistics
- HECO 301— Microeconomic Theory
- HECO 302— Macroeconomic Theory
- HECO 321— Principles of Econometrics
- HECO 321L— Principles of Econometrics Lab
- HECO 401— Economic Doctrine
- HECO 405— International Trade
- HECO 421— Topics in Econometrics
- HECO 421L— Topics in Econometrics Lab
Non-math Concentration
9 hours
- HMTH 161— Calculus I
- HCOM 351— Professional Communication
- HCSC 106— Introduction to Computer Science
Math Concentration
30 hours
- HMTH 161— Calculus I
- HMTH 162— Calculus II
- HMTH 255— Introduction to Set Theory
- HMTH 263— Calculus Ill
- HMTH 271— Introduction to Linear Algebra
- HMTH 321— Introduction to Ordinary Differential Equation
- HCOM 351— Professional Communication
- HCSC 106— Introduction to Computer Science
- HPHY 154— Mechanics Lecture and Recitation
Economics Electives
9 hours

Choose three courses from the list below:
- HECO 303— Economic History
- HECO 304— Money and Banking
- HECO 305— Economic Development
- HECO 403— Labor Economics
- HECO 404— Urban Economics
- HECO 406— Public Finance
- HECO 408— Special Topics in Economics
- HECO 409— Directed Reading in Economics
- HECO 410— Mathematical Economics
- HECO 412— Financial Economics
Earn the Minor
MINOR IN ECONOMICS
The minor in economics requires 18 hours of course work. This interdisciplinary minor is intended to provide students with the broad understanding of the economy with the necessary skills required for global policy analysis. Students are highly encouraged to complete the introductory courses by the end of their sophomore year.
- HECO 201— Principles of Macroeconomics
- HECO 202— Principles of Microeconomics
- HECO 221— Basic Statistics I
Designated Economics Electives

Additionally, three 300- or 400-level economics electives are required.

MOREHOUSE STUDENTS MAJORING IN ECONOMICS STUDY THE USE, PRODUCTION, ALLOCATION, GROWTH, AND SOCIETAL IMPACT OF RESOURCES.

The major prepares students for careers as economic practitioners and researchers in the private sector, academia and government. To accomplish this mission, the economics program emphasizes the requisite skills in analytical reasoning and effective communication through a solid background in economic theory and quantitative techniques. The program also stresses the importance of ethical professionalism and social awareness. As a historically all black university, our expectation is to produce young men with global leadership, who are innovative, research/policy oriented, socially aware and are sensitive to the issues of African American communities in the marketplace.

Outcomes

The economics program is designed to improve the ability of students to think critically and write and speak effectively regarding economic issues. These skills should be reflected in students’ increased abilities to do the following:

Identify those processes and institutions both domestically and internationally through which productive activity is organized.
Identify issues and problems where economic analysis can be appropriately applied.
Determine the appropriate tools of analysis to apply to a given economic issue or problem.
Adequately analyze an economic issue or problem and offer viable conclusions and recommendations.

BACHELOR OF ARTS ECONOMICS

MAJOR COURSE OF STUDY REQUIREMENTS AND CURRICULUM

The major in economics consists of three components, the college-wide general education curriculum (approximately 38 semester hours), the economics major curriculum (approximately 47 semester hours), and free electives (35 semester hours). Economics majors must complete general education courses, which include HMTH 105, 115, and 116. Students must also take 3-6 semester hours of writing, 3-12 semester hours of a modern foreign language, 3-6 semester hours of mathematics, three semester hours of arts and literature, two semester hours of health and wellness, six semester hours of ideas and ethics, 6-8 semester hours of scientific discovery, and six semester hours of society and culture. Students who place into higher-level math and English courses should consult their advisors.

Students in the math-track concentration are required to take five additional mathematics courses, HMTH 161, 162, 263, 271, and 321, and HPHY 154. Finally, all economics majors must complete HCOM 351 and HCSC 106 advanced skills courses. The completion of the following prerequisites with a grade of C or higher is required as follows: HMTH 105 or higher (excluding HMTH 110) to enroll in any ECO class, HMTH 161 to enroll in HECO 301, HECO 201 and 202 to enroll in any upper-level economics class, HECO 221 to enroll in HECO 321 and HECO 421, and HECO 301 and 302 to enroll in any 400-level course.

General Education (Core)
38 hours

Refer to the general education requirements for more information.

Economics Major
Varies

Required economics courses
29 hours

HECO 201— Principles of Macroeconomics
HECO 202— Principles of Microeconomics
HECO 221— Basic Statistics
HECO 301— Microeconomic Theory
HECO 302— Macroeconomic Theory
HECO 321— Principles of Econometrics
HECO 321L— Principles of Econometrics Lab
HECO 401— Economic Doctrine
HECO 405— International Trade
HECO 421— Topics in Econometrics
HECO 421L— Topics in Econometrics Lab

Non-math Concentration
9 hours

HMTH 161— Calculus I
HCOM 351— Professional Communication
HCSC 106— Introduction to Computer Science

Math Concentration
30 hours

HMTH 161— Calculus I
HMTH 162— Calculus II
HMTH 255— Introduction to Set Theory
HMTH 263— Calculus Ill
HMTH 271— Introduction to Linear Algebra
HMTH 321— Introduction to Ordinary Differential Equation
HCOM 351— Professional Communication
HCSC 106— Introduction to Computer Science
HPHY 154— Mechanics Lecture and Recitation

Economics Electives
9 hours

Choose three courses from the list below:

HECO 303— Economic History
HECO 304— Money and Banking
HECO 305— Economic Development
HECO 403— Labor Economics
HECO 404— Urban Economics
HECO 406— Public Finance
HECO 408— Special Topics in Economics
HECO 409— Directed Reading in Economics
HECO 410— Mathematical Economics
HECO 412— Financial Economics

MINOR IN ECONOMICS

The minor in economics requires 18 hours of course work. This interdisciplinary minor is intended to provide students with the broad understanding of the economy with the necessary skills required for global policy analysis. Students are highly encouraged to complete the introductory courses by the end of their sophomore year.

HECO 201— Principles of Macroeconomics
HECO 202— Principles of Microeconomics
HECO 221— Basic Statistics I

Designated Economics Electives

Additionally, three 300- or 400-level economics electives are required.

Meet Our Faculty and Staff

Dr. Mona Ray, Department Chair
Adam McKinnon, Department Coordinator

Juliet U. Elu Professor

Adam McKinnon Department Coordinator

Emmanuel Obi Visiting Professor

Jerry Pender, Jr. Assistant Professor NTT

David A. Poyer Associate Professor

Mona Ray Professor/Dept Chair

Miles Stevens Visiting Assistant Professor

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Program at a glance

About Economics