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Economics

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Apply and evaluate today’s economic models to predict tomorrow’s market conditions through research and practice in the Economics Department.

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Undergraduate program

Economics

Undergrad major Undergrad minor

Economics is a social science concerned with how people make choices and allocate resources. Economists learn clear thinking and effective decision making, so they can analyze problems from different angles. For instance, a multinational corporation may use someone with economics training to forecast foreign demand for their products and determine how to sell more overseas. Or an economist could help government officials decide the best way to use a community’s financial and physical resources.

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Featured courses

  • Intermediate Macroeconomic Analysis
    ECO 305 | 3 credits
    This course is an introduction to the theoretical analysis of the aggregate economy. Topics include the essential mathematics of macro analysis; national income accounting; general equilibrium of the product, money and labor markets; Keynesian, Classical, and Monetarist theories; stabilization policies; and economic growth. Prerequisite: ECO 110, ECO 120; MTH 160, MTH 175 or MTH 207. Offered Fall, Spring.
  • Intermediate Microeconomic Analysis
    ECO 308 | 3 credits
    This course covers behavior of consumers, producers and markets. Topics include theories of demand, production and cost, firm decisions, market structures, distribution, general equilibrium, welfare, and externalities. Prerequisite: ECO 110, ECO 120; MTH 160, MTH 175 or MTH 207. Offered Fall, Spring.
  • Introduction to Econometrics
    ECO 307 | 3 credits
    This course is an introduction to regression analysis and its application to economic and business research. Topics include using secondary data sources, simple and multiple regression, and interpretation and communication of results. The course develops various empirical techniques and culminates with a final research paper. Prerequisite: STAT 145 or STAT 245; ENG 110 or ENG 112. Offered Fall, Spring.
  • Money and Banking
    ECO 301 | 3 credits
    An introduction to money, monetary policy, and banking, and their roles in the modern market economy. Attention is devoted to the current institutional structure in the U.S. and differing views on the relationship between money and the level of economic activity. Prerequisite: ECO 110, ECO 120. Offered Spring.
  • Economics of Sports
    ECO 320 | 3 credits
    Economic theory is used to analyze the sports industry. Topics include industry make-up, labor conditions, marketing, economic impact, and discrimination. Prerequisite: ECO 110. Offered Fall, Spring.
  • Introduction to International Economics
    ECO 340 | 3 credits
    Overview and introduction to international economics and the theory of international trade and the effects of trade and trade policy on the economy. Foreign exchange markets, the balance of payments and basic policy adjustments are also introduced. Prerequisite: ECO 110. Offered Fall, Spring.
  • Economic Development
    ECO 375 | 3 credits
    Analysis of the broad problems and constraints limiting economic development in the "Third World" Alternative approaches to development will be considered. Different cultural, material, and human resources present in individual countries will be assessed. Prerequisite: ECO 110, ECO 120. Offered Occasionally.
  • Labor Economics
    ECO 330 | 3 credits
    Theories of wage determination; economic effects of wage determination upon the structure of wages, the distribution of national income, employment, and the price level. Prerequisite: ECO 110, ECO 120. Offered Occasionally.
  • Environmental and Ecological Economics
    ECO 346 | 3 credits
    Aspects of the scarcity of renewable and non-renewable natural resources and the management problems associated with their allocation and use are presented from neoclassical and ecological economics perspective. The theoretical foundations for those tools of economic analysis applicable to the analysis of natural resource problems are developed with historical, real-world examples discussed. Attention is concentrated on the policy implications of alternative resource development strategies. Prerequisite: ECO 110. Offered Spring.
  • Women in the U.S. Economy
    ECO 336 | 3 credits
    An introduction to the status of women in the U.S. economy. Topics include alternative perspectives on women, work and the labor force, the value of paid versus unpaid labor, pay equity, the social support network, and the prospects for change. Prerequisite: ECO 110 or ECO 120. Offered Fall, Spring.
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Hear from an alum

Rodrigo De la Pena Alanis

I would not be where I am today without the help of my professors and friends at UWL.

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HIRED!

Jacob Hitchler

Office of the Comptroller of the Currency | Assistant National Bank Examiner

My time here with all the professors, faculty, and staff, as well as the incredible student body has given me the confidence to try something new and expand into the business world.

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HIRED!

Lindsey Scheurer

Kwik Trip | Business Analyst

At UWL I participated in the Kwik Trip Integrated core program which taught me real life skills and pushed me more than traditional classes. Spring 2023 I also participated in an economic discussion group through the Menard Family Initiative (MFI). The following fall and spring semester I became a fellow for MFI. This fellowship has given me the opportunity to network and conduct and present my own research. All throughout my time at UWL I have had incredible mentorship through my academic advisors, Student Support Services, the ACCESS center, and my professors.

Portrait of Haley Klundt

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Haley Klundt

I feel like I could write a short novel about the ways UWL set me on a promising and fulfilling career path! The UWL Economics Program provided many opportunities to partner with local companies to solve real-world problems, which helped me to grow in my ability to use data to tell compelling stories and provide actionable solutions.

Portrait of Tom Martin

Hear from an alum

Tom Martin

"The economics program at UWL gave me the analytical and professional skills needed to succeed in business. The campus is gorgeous, the community is welcoming and the academic faculty truly care about student's individual success."