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
RH


CHEM
CLSK
EM
111
131


111
100
104
Calculus I  
Rhetoric & Composition
or
*Elective (HSS)
General Chemistry I
College and Life Skills 
Graphical Communications

5


4
4
1

2

     

16

       
Winter Term Credit
CSSE 

MA
PH


RH
120

112 
111


131
Introduction to
Software Development.. 
Calculus II 
Physics I 
*Elective (HSS)
or
Rhetoric & Composition

 
4
5
4


4

     

17

       
Spring Term Credit
CHEM

AB
MA
PH
113

101
113
112
General Chemistry II
or
Essential Biology
Calculus III
Physics II
*Elective (HSS)

 

4
5
4
4

     

17

Sophomore Year
Fall Term Credit
MA

SV
221

151
Differential Equations and
Matrix Algebra I 
Principles of Economics
*Elective (HSS)
Elective
(Physical or Life Science)

 
4
4
4

4

     

16

       
Winter Term Credit
MA 222 Differential Equations and
Matrix Algebra II
Elective (Economics)
*Elective (HSS) 
Elective
(Physical or Life Science)

 
4
4
4

4

     

16

       
Spring Term Credit
    Elective (Math)
Elective (Economics)
*Elective (HSS)
Elective
(Physical or Life Science)

4
4
4

4

     

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
  XX456 Seminar for Economics Majors
  XX457 Directed Study for Economics Senior Project
2. 24 additional credits in Economics electives.
3. 27 credits in required Mathematics courses:
  MA111, 112, 113 Calculus I, II, III
  MA221, 222 Differential Equations and Matrix Algebra I, II
  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 Science.

 

SUMMARY Credits
Economics 44
Mathematics 39
Humanities and Social Sciences 36
Computer Science 4
Physical or Life Science 24
Free Electives 40
Other 3
TOTAL 190