Economics majors at Hillsdale College receive a thorough grounding in all areas of economic theory and in all schools of economic thought, studying traditional neo-classical and Austrian microeconomics as well as Keynesian, monetarist, and neo-classical macroeconomics.
The Economics Department’s emphasis on the work of two of the world’s most important and influential economists—Ludwig von Mises and Friedrich Hayek—makes Hillsdale College unique among undergraduate institutions. The broad background in all schools of economic thought makes the economics major an excellent candidate for graduate studies or law school.
Requirements
Note: This represents a general overview of the major and minor. For more information, please consult the current college catalog, or contact the department.
Economics Major
Students who wish to major in economics must complete 39 semester hours of coursework in the Department, plus four hours of Mathematics 120, Calculus I (or Mathematics 113, Integrated Calculus I-B). The courses listed below under Sophomore Year and Junior Year are required for the major. In addition, students in the economics major must take an additional 18 credit hours in upper-level economics courses (300 or above) as listed below.
Sophomore Year
- Economics 202: Principles of Microeconomics
- Economics 203: Principles of Macroeconomics
- Economics 206: Business & Economics Statistics
- Mathematics 113: Integrated Calculus I-B, or
- Mathematics 120: Calculus I
Junior Year
- Economics 303: Intermediate Microeconomics
- Economics 304: Intermediate Macroeconomics
- Economics 355: History of Economic Thought I
- Economics 356: History of Economic Thought II
Economics Minor
The minor in economics consists of:
- Economics 202: Principles of Microeconomics
- Economics 203: Principles of Macroeconomics
- Economics 206: Business & Economics Statistics
- Economics 303: Intermediate Microeconomics
- Economics 304: Intermediate Macroeconomics
- Six credits hours of economics electives