Skip to main content
Department of Economics

Bachelor of Science in Economics and Quantitative Methods

Students on Summer 2022, Fall 2022, or Spring 2023 requirements ECONQMBS

The Bachelor of Science in Economics and Quantitative Methods provides students with fundamental analytical and computational skills rooted in modern economic theory, modeling and statistical methods. Students will learn how to apply these skills in practice using advanced quantitative tools. In addition to learning core economic theory in microeconomics and macroeconomics, students develop essential applied econometrics skills using industry-standard computing tools and data analysis software.

Requirements

The major requires at least 36 credit hours (42–43 with Addenda Requirements), including the requirements listed below.
  1. Fundamentals of Economics I. One (1) course:
    • ECON-B 251 Fundamentals of Economics for Business I
    • ECON-E 251
    • ECON-S 251 Fundamentals of Economics for Business I: Honors
  2. Fundamentals of Economics II. One (1) course:
    • ECON-B 252 Fundamentals of Economics for Business II
    • ECON-E 252 Fundamentals of Economics II
  3. Intermediate Microeconomic Theory. One (1) course:
    • ECON-E 321 Intermediate Microeconomic Theory
    • ECON-S 321 Intermediate Microeconomic Theory: Honors
  4. Intermediate Macroeconomic Theory. One (1) course:
    • ECON-E 322 Intermediate Macroeconomic Theory
    • ECON-S 322 Intermediate Macroeconomic Theory: Honors
  5. Statistics. One (1) course:
    • ECON-E 370 Statistical Analysis for Business and Economics
    • ECON-S 370 Statistical Analysis for Business and Economics: Honors
  6. Econometrics. One (1) course:
    • ECON-E 371 Introduction to Applied Econometrics
    • ECON-S 371 Introduction to Applied Econometrics: Honors
  7. Data Analytics and Computation. Two (2) courses:
    • ECON-E 401 Machine Learning for Economic Data
    • ECON-E 402 Computational Methods In Macroeconomics
    • ECON-E 471 Econometric Theory and Practice I
    • ECON-E 472 Econometric Theory and Practice II
  8. Advanced Electives. Three (3) courses:
    • Additional course from the Data Analytics and Computation list
    • Any ECON-E 320–329 except ECON-E 320; ECON-E 321; ECON-E 322
    • Any ECON-E 330–339
    • Any ECON-E 340–349
    • Any ECON-E 350–359
    • Any ECON-E 360–369
    • Any ECON-E 370–379 except ECON-E 370; ECON-E 371
    • Any ECON-E 380–389
    • Any ECON-E 390–399 except ECON-E 392
    • Any ECON-E 400–499 except ECON-E 471; ECON-E 472
  9. Free Electives. One (1) course:
    • Additional course from the Advanced Electives list
    • ECON-E 303 Survey of International Economics
    • ECON-E 305 Money and Banking
    • ECON-E 308 Survey of Public Finance
    • ECON-E 309 Topics in Economics
    • ECON-E 317 Economic Growth and Development
    • ECON-E 318 Topics in International Economics
    • ECON-E 320 Models and Methods of Economic Analysis
  10. Addenda Requirements*.
    1. Finite Mathematics. One (1) course:
      • MATH-M 118 Finite Mathematics
      • MATH-S 118 Honors Finite Mathematics
    2. Calculus. One (1) course:
      • MATH-M 119 Brief Survey of Calculus I
      • MATH-M 211 Calculus I
  11. Major GPA, Hours, and Minimum Grade Requirements.
    1. Major GPA. A GPA of at least 2.000 for all courses taken in the major—including those where a grade lower than C- is earned—is required.
    2. Major Minimum Grade. Except for the GPA requirement, a grade of C- or higher is required for a course to count toward a requirement in the major.
    3. Major Upper Division Credit Hours. At least 18 credit hours in the major must be completed at the 300–499 level.
    4. Major Residency. At least 18 credit hours in the major must be completed in courses taken through the Indiana University Bloomington campus or an IU-administered or IU co-sponsored Overseas Study program.

Major Area Courses

Unless otherwise noted below, the following courses are considered in the academic program and will count toward academic program requirements as appropriate:

  • Any course at the 100–499 level with the ECON subject area prefix—as well as any other subject areas that are deemed functionally equivalent
  • Any course contained on the course lists for the academic program requirements at the time the course is taken—as well as any other courses that are deemed functionally equivalent—except for those listed only under Addenda Requirements
  • Any course directed to a non-Addenda requirement through an approved exception
Exclusions

The following courses cannot be applied toward major requirements:

  • ECON-E 115 Everyday Economics
  • ECON-E 203 Introduction to International Economics
  • ECON-X 373 Internship in Economics
Restrictions

The following restrictions apply to the minimum credit hours required in the major:

  • No more than 3 credit hours may count toward the major:
    • ECON-E 499 Honors Thesis
  • No more than 3 credit hours of the following may count toward the major:
    • ECON-X 398 Independent Research in Economics
  • No more than 6 combined credit hours of the following may be counted toward major:
    • ECON-E 303 Survey of International Economics
    • ECON-E 331 International Trade
    • ECON-E 332 International Monetary Economics
  • No more than 6 combined credit hours of the following may be counted toward major:
    • ECON-E 308 Survey of Public Finance
    • ECON-E 361 Public Finance: Government Spending
    • ECON-E 362 Public Finance: Taxation

This program of study cannot be combined with the following:

  • Bachelor of Arts in Economics (ECONBA)
  • Bachelor of Arts in Economics and Mathematics (ECONMATHBA)
  • Bachelor of Arts in Economics and Political Science (ECONPOLSBA)
  • Bachelor of Arts in Mathematics and Economics (MATHECONBA)
  • Bachelor of Arts in Political Science and Economics (POLSECONBA)
  • Interdepartmental Minor in Economics and Political Science (ECONPOLMIN)
  • Interdepartmental Minor in Political Science and Economics (POLSECNMIN)
  • Minor in Economics (ECONMIN)
  • [Name unavailable] (INTECONMIN)

Exceptions to and substitutions for major requirements may be made with the approval of the unit's Director of Undergraduate Studies, subject to final approval by the College of Arts and Sciences.