Bachelor of Arts (BA) Degree with a Major in Economics

Program Learning Outcomes for the BA Degree with a Major in Economics

Upon completing the BA degree with a major in Economics, students will be able to:

  1. Learn various statistical and econometric skills, including a thorough knowledge of applied econometrics and the ability to use statistical software packages to analyze economic data and interpret statistical results. 
  2. Learn the core principles of microeconomics, including supply and demand, utility maximization by consumers and profit maximization by firms, and equilibrium market structures, as well as advanced topics in microeconomics, especially economic applications of game theory. 
  3. Learn the core principles of macroeconomics, including the macroeconomic effects of monetary and fiscal policy, the nature of the business cycle, and the determinants of growth, and learn alternative approaches to analyzing the performance of the macroeconomy. 
  4. Learn how the basic economic principles that have been absorbed in the core courses are utilized in economic analyses of critical policy issues in a wide variety of applied subject areas. 

​Additionally, students pursing the two-semester honors program will:

  1. Learn how to conduct economic research, beginning with framing of a research idea and progressing to a critical review and evaluation of the relevant literature, the construction of an economic model to analyze the issue under consideration, the identification of testable hypotheses, the collection of data and econometric testing of their hypotheses, the presentation of a research paper that presents those results. 

Requirements for the BA Degree with a Major in Economics

For general university requirements, see Graduation Requirements. Students pursuing the BA degree with a major in Economics must complete:

  • A minimum of either 14 or 15 courses (44 or 47 credit hours) to satisfy major requirements.
  • A minimum of 120 hours to satisfy degree requirements.
  • A minimum of 60 credit hours outside of major requirements. 
  • A minimum of 5 courses (15 credit hours) taken at the 300-level or above. 

The courses listed below satisfy the requirements for this major. In certain instances, courses not on this official list may be substituted upon approval of the major’s academic advisor (or official certifier). Students and their academic advisors should identify and clearly document the courses to be taken.

Summary

Total Credit Hours Required for the Major in Economics44-47
Total Credit Hours Required for the BA Degree with a Major in Economics120

Degree Requirements

Core Requirements
Mathematics and Statistics 2
Select 1 from the following:3-6
SINGLE VARIABLE CALCULUS I
CALCULUS: DIFFERENTIATION AND ITS APPLICATIONS
and CALCULUS: INTEGRATION AND ITS APPLICATIONS
MATH 102SINGLE VARIABLE CALCULUS II3
ECON 307 / STAT 310PROBABILITY AND STATISTICS3
Economics and Econometrics 2
ECON 100PRINCIPLES OF ECONOMICS3
ECON 200MICROECONOMICS4
ECON 203MACROECONOMICS3
ECON 209APPLIED ECONOMETRICS4
ECON 300GAME THEORY AND OTHER MICRO TOPICS FOR ECON MAJORS3
Elective Requirements 2
Select 3 courses from the following: 19
BEHAVIORAL ECONOMICS
LAW AND ECONOMICS
Courses between ECON 343-ECON 495
HONORS PROGRAM IN ECONOMICS-I
Select 3 courses from ECON 410-ECON 495 and ECON 498. 9
Total Credit Hours Required for the Major in Economics44-47
Additional Credit Hours to Complete BA Degree Requirements13-16
University Graduation Requirements *60
Total Credit Hours120

Footnotes and Additional Information 

Policies for the BA Degree with a Major in Economics

Program Restrictions and Exclusions

Students pursuing the BA degree with a major in Economics should be aware of the following program restriction:

  • Students pursuing the major in Economics may not additionally declare the major in Mathematical Economic Analysis.

Transfer Credit 

For Rice University’s policy regarding transfer credit, see Transfer Credit. Some departments and programs have additional restrictions on transfer credit. The Office of Academic Advising maintains the university’s official list of transfer credit advisors on their website: http://oaa.rice.edu. Students are encouraged to meet with their academic program’s transfer credit advisor when considering transfer credit possibilities. 

Departmental Transfer Credit Guidelines

Students pursuing the major in Economics should be aware of the following departmental transfer credit guidelines:

  • Requests for transfer credit will be considered by the program director (and/or the program’s official transfer credit advisor) on an individual case-by-case basis. 

In some cases, transfer credit may be awarded by the economics department for courses completed at other schools after the student has matriculated at Rice. Students may present a maximum of 2 such transfer courses in fulfilling the mathematics and statistics core requirements, and a maximum of 3 such transfer courses in fulfilling the economics/econometrics core requirements and the elective requirements combined. (Additional transfer courses may count toward meeting university graduation requirements, but not toward fulfillment of requirements for the major.)

Credits awarded to transfer students for courses taken prior to matriculation at Rice are not counted against the departmental limit on transfer courses, but all students must complete more than half of their upper-level major coursework (300-level and 400-level courses) at Rice. 

For additional information, please see the Economics website: https://economics.rice.edu/

Opportunities for the BA Degree with a Major in Economics

Academic Honors

The university recognizes academic excellence achieved over an undergraduate’s academic history at Rice. For information on university honors, please see Latin Honors (summa cum laude, magna cum laude, and cum laude) and Distinction in Research and Creative Work. Some departments have department-specific Honors awards or designations.

Requirements for Departmental Honors  

  1. To earn departmental honors in economics, students must earn a grade of B+ or better in the department’s two-semester honors program, ECON 498 and ECON 499.
  2. The honors program is available to both ECON and MTEC majors. 
  3. To be admitted to the honors program, students:
    1. must have a GPA of 3.67 or better in all courses taken toward fulfilling their departmental major requirements at the beginning of the academic year in which they enter the honors program;
    2. must have completed all of the core requirements for their major;
    3. must have completed the 400-level course or courses most closely related to their area of research, and
    4. must be accepted to the honors program by the professor supervising the program. 
  4. For additional information, consult the Economics Department Honors' Program at http://economics.rice.edu/undergraduate-program/honors-program.

For additional information, please see the Economics website: https://economics.rice.edu/.