White Background with Triangle Pattern

Economics

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.

Economics

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

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.

Each student’s plan of study must satisfy the following minimum requirements:

  1. 24 credits of required Economics courses:
    • ECON S151 Introduction to Microeconomics
    • ECON S152 Introduction to Macroeconomics
    • ECON S251 Intermediate Microeconomics
    • ECON S252 Intermediate Macroeconomics
    • ECON S451 Econometrics
    • ECON S458 Seminar for Economics Major
    • ECON S459 Directed Studies: Economics Senior Project
  2. 20 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 or biomathematics other than MA351-356.
  5. 36 credits in Humanities, Social Sciences, and the Arts. Each student must fulfill the HSSA 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. RHIT 100 (1 credit) 
SUMMARY Credits
Economics 44
Mathematics 39
Humanities, Social Sciences, and the Arts 36
Physical or Life Science 24
Engineering Management 4
Computer Science 4
Free Electives 40
Other:  
RHIT 100 1
   
TOTAL 192

Plan of Study

Freshman Open Close
Sophomore Open Close

Total credits required: 192

NOTES

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