Economics

The degree program in Economics is offered by the Department of Humanities and Social Sciences.

The curriculum in Economics is designed to respond to a growing demand for students of economics who are rigorously trained in mathematical methods of analysis. The Rose-Hulman program gives students a broad background in economic analysis and an ability to use sophisticated analytical techniques in their thinking and decision-making. The quantitative training prepares the graduate for further graduate study or for economic analysis work in government or industry.

Students may also obtain a degree with a double major in Economics and another field: mathematics, computer science, etc.

Learning Outcomes:
 Upon graduating, Rose-Hulman Economics majors will be able to:

  1. explain core economic terms, concepts and theories
  2. use economic theory to define, analyze and solve a wide range of problems.
  3. collect, process, and interpret data using econometric techniques and statistical inference, especially to test hypotheses and support recommended actions.
  4. communicate complex economics topics in both oral and written form.
  5. independently undertake in-depth economic analysis.

ECONOMICS PLAN OF STUDY

Freshman Year
Fall Term Credit
MA 111 Calculus I 5
CLSK 100 College & Life Skills 1
RH 131

HSS 		Rhetoric and Composition
or
Elective 		4
Physical or Life Science 4
Total 14
Winter Term Credit
MA 112 Calculus II 5
CSSE 120 Introduction to
Software Development 		4
Physical or Life Science 4
RH 131

HSS 		Rhetoric and Composition
or
Elective 		4
Total 17
Spring Term Credit
MA 113 Calculus III 5
SV 151 Principles of Economics 4
Physical or Life Science 4
*HSS Elective 4
Total 17
Sophomore Year
Fall Term Credit
MA 211 Differential Equations 4
Economics Elective 4
*HSS Elective 4
Physical or Life Science 4
Total 16
Winter Term Credit
MA 212 Matrix Algebra and Systems
of Differential Equations 		4
Economics Elective 4
*HSS Elective 4
Physical or Life Science 4
Total 16
Spring Term Credit

MA 381

or

 Introduction to Probability
with Applications
to Statistics 		4
MA 223 Engineering Statistics 4
Economics Elective 4
*HSS Elective 4
Physical or Life Science 4
Total 16

*Humanities and Social Science courses are denoted by the prefixes GS, IA, RH, SV, GE, JP, and SP.

In order to permit tailoring each student’s program to best suit that student’s needs and interests, no specific courses other than in Economics are required in the junior or senior years. However, each student’s program must satisfy the following minimum requirements:

  1. 20 credits of required Economics courses:
    SV151 Principles of Economics
    IA350 Intermediate Microeconomics
    IA351 Intermediate Macroeconomics
    SV450 Introduction to Econometrics
    XX496 Seminar for HSS Senior Projects
    XX497 Directed Study for HSS Senior Project
  2. 24 additional credits in Economics electives.
  3. 27 credits in required Mathematics courses:
    MA111, 112, 113 Calculus I, II, III
    MA211, 212 Differential Equations , and Matrix Algebra and Systems of Differential Equations
    MA223 Engineering Statistics I or
    MA381 Introduction to Probability
  4. 12 additional credits in Mathematics other than MA351-356.
  5. 36 credits in Humanities and Social Sciences. Each student must fulfill the HSS graduation requirements.
  6. 24 credits in Physical or Life Sciences (Biology, Chemistry, Geology and Physics), with at least four credits each in Biology, Chemistry and Physics.
  7. 4 credits in Engineering Management
  8. 4 credits in Computer Science: CSSE 120
  9. CLSK 100 (1 credit) and SV 200 (1 credit)
SUMMARY Credits
Economics 44
Mathematics 39
Humanities and Social Sciences 36
Physical or Life Science 24
Engineering Management 4
Computer Science 4
Free Electives 40
Other:
CLSK 100 1
SV 200 1
TOTAL 193
Rose-Hulman Institute of Technology
5500 Wabash Ave.
Terre Haute, IN 47803
812-877-1511
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