Prospective Majors

I am thinking about applying to Virginia Tech to major in Economics.

 

Change of Major Process

The Department of Economics accepts major changes to Economics during three periods throughout the academic year. Students may change their major in August, January, and May. The next Change of Major period will be May 1- 26, 2017.

For a student to change their major to Economics they must meet with the Undergraduate Advisor before May 3, 2017 to have your major change approved. The advisor will review their academic history, determine their ability to satisfy the college and department progress toward degree (Policy 91) and provide the student with all paperwork required by the department to complete the change of major process.

Students must meet with the undergraduate advisor before submitting an online application using Hokie Spa, Change of Major for the application to be approved. Students that submit an application to change their major without meeting with the undergraduate advisor will have a hold placed on their account.

Email Erika Perdue, Undergraduate Advisor, at eperdue@vt.edu to set up an appointment.

What is Economics?

The Department of Economics focuses on teaching, research, and outreach in regard to economic issues at the state, national, and international levels. We offer general education courses that provide undergraduates from across the university with a background in the business, policy, and international aspects of economics they need to support their programs of study. The majority of our faculty is engaged in interdisciplinary or international research collaboration.

College of Science

Students that graduate with a degree in Economics, College of Science, (ECAS) are sought after by most graduate programs, especially Economics and Law Schools. Economics, College of Science (ECAS) graduates that decide to enter the workforce upon graduation find that organizations in a wide variety of fields seek their knowledge and skills for a variety of positions. The following is a short list of the organizations that seek graduates of Economics, College of Science.

    • Federal, state, and local government agencies and contractors from the CIA to the Department of Agriculture
    • International organizations such as the United Nations (UN), European Union (EU), World Bank, World Trade Organization (WTO), and Red Cross.
    • Medical care and research
    • Legal firms
    • Engineering
    • Data and Analytical firms
    • Banking and Financial Institutions

College of Business

MAJOR WAS DISCONTINUED JANUARY 2017.  Students majoring in Economics, College of Business, will be allowed to complete the major. No new majors will be allowed.

Major Requirements

Principles of Economics (ECON 2005-2006)

Microeconomic Theory (ECON 3104)

Macroeconomic Theory (ECON 3204)

Applied Data Analysis (ECON 3254) or Econometrics (ECON 4304)

STAT 3005 (ECAS) or BIT 2405-2406 (ECON)

15 hours of ECON Electives at the 3000 and 4000 level

Free Electives

The major academic difference between the two programs is the number of free electives the two programs allow students and what students can do with these. The Economics, College of Business (ECON) major allows students about 26 hours of free electives.

The Economics, College of Science (ECAS) major allows students about 50 hours of free electives. Due to the number of free electives students in ECAS are strongly encouraged to Double Major in majors in the College of Science and any of the other colleges, especially those majors in the colleges of Liberal Arts and Human Sciences and Engineering.

Students that decide not to double major are encouraged to declare multiple minors to provide focus to their degree. The number of free electives in the ECAS program allows students lots of choices in determining their courses.

Math Sequences

Students need to have a strong background in Math to be a success in Economics. Students are required to complete at least one of the following sequences before the department will allow the student to take Microeconomic Theory (ECON 3104).

    • MATH 1225, 1226, and 2114. These Calculus and Linear Algebra sequences are preferred for students majoring in Economics, College of Science (ECAS) and Economics, College of Business (ECON). Each course must be completed with at least a C-.
    • MATH 1014, 1025, and 1026. These Elementary and Intermediate Calculus with Matrices sequences are allowed for students majoring in Economics, College of Science (ECAS) but not Economics, College of Business (ECON). Each course must be completed with at least a B-.
    • MATH 1525 and 1526. This Elementary Calculus with Matrices sequence is the lowest difficulty of Math allowed for students majoring in Economics, College of Science (ECAS) and Economics, College of Business (ECON). Each course must be completed with at least a B-.

Economics, College of Science Checksheet