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Economics

Chair: Dr. Jeff Summers, jsummer, x2297, TJ Day 305 
Transfer Advisors: Dr. Jeff Summers, jsummer, x2297, TJ Day 305 
First-Year student contact: Dr. Jeff Summers, jsummer, x2297, TJ Day 305 

The mission of the Department of Economics is to promote and foster economic education by building both on the knowledge and content of the field itself and the development of critical thinking skills.  Economics is a social science that shares an affinity with other social sciences and with mathematics.  To this end, the department encourages its students to take classes in a variety of social science disciplines and in mathematics.  Students who complete a major or minor in economics will be well prepared to continue their studies of economics or of other social sciences in graduate school, or to begin the study of law.  Alternatively, they will be in a strong position to begin developing their careers in a variety of private, public, or non-profit organizations.  Perhaps most importantly, they will find that their understanding of economics provides them with an adaptable frame of reference that can be used to think critically throughout their lives about a wide variety of personal, social, and public policy issues.
 

CHOOSING AN ACADEMIC ADVISOR:

All economics faculty are ready and willing to serve as academic advisors.  Feel free to talk to the professor of your choice about being your advisor.  Alternatively, students my consult with the department chair, Jeff Summers, about choosing an advisor.

MAJOR REQUIREMENTS:

36 credits including: ECON 210, 411, 412, 416, and 417. The remaining courses must be selected from ECON 321, 322, 323, 331, 332, 333, 341, 342, 351, 352, 353, 361, 371 and 461, and no more than eight credits from ECON 439, 480, 487, and 490.

MINOR REQUIREMENTS:

18 credits including: ECON 210, 411, and 412. The remaining courses must be selected from ECON 321, 322, 323, 331, 332, 333, 341, 342, 351, 352, 353, 361, 371, 416, 417, and 461, and no more than eight credits from ECON 439, 480, 487, and 490.

ECONOMICS COURSES IN THE LINFIELD CURRICULUM:

Selected economics courses satisfy the IS, QR, VP, GP, and US requirements of the Linfield Curriculum.  Consult the college’s course catalog for details.

ECONOMICS COURSE SEQUENCING FOR MAJORS AND MINORS:

With judicious planning and course selection, the economics major can be successfully completed in five semesters.  This implies that students could wait to begin the major as late as the second semester of their sophomore year.  But in order to minimize class conflicts, it is recommended that the principles course (ECON 210) and at least one of the required math courses (MATH 140 and MATH 160) be completed  sometime during a student’s first three semesters at Linfield.

GUIDELINES FOR FIRST-YEAR STUDENTS:

FALL SEMESTER:

  • ECON 210 Principles of Economics (IS, QR)
  • MATH 160 Finite Math with Calculus or MATH 340 Probability and Statisticsand/or MATH 170 Calculus 

SPRING SEMESTER:

  • MATH 140 Statistics (for those not taking MATH 340). 
  • ECON 210 Principles of Economics (for those who didn’t meet prerequisites in the fall) 

For those that have completed ECON 210, a 300-level economics elective (e.g. ECON 341 Environmental Economics; ECON 322 Economics of CollegeSports) would be appropriate.

Course for Intended Majors/Minors in Their Second, Third, and Fourth Years:

In their second, third, and fourth years, intended majors/minors should take any of the 300-level economics electives in any semester.  In their third year, majors should also complete ECON 412 Intermediate Macroeconomics (fall) and ECON 411 Intermediate Microeconomics (spring).  These may be completed earlier if necessary for study abroad or early completion of a degree.  Minors may complete these courses any time after satisfying their prerequisites.  In their fourth year, majors complete ECON 416 Econometrics (fall) and ECON 417 Senior Seminar in Economics (spring).