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Undergraduate Program

The Economics Major

An economics major, leading to a Bachelor of Arts (B.A.) degree in economics, consists of 32 credit hours of economics courses.  Transfer students wishing to major in economics must take at least 16 of their 32 credit hours at Wayne State.  Required courses that must be taken by an economics major include:

  • Principles of Economics (ECO 2010 and ECO 2020)
  • Intermediate Microeconomics (ECO 5000)
  • Intermediate Macroeconomics (ECO 5050)
  • Introductory Statistics and Econometrics (ECO 5100)

To receive the B.A. degree in economics, the student must have an overall GPA of 2.0 in economics courses.

Students must also pass MAT 1500 or 1800 prior to the junior year or demonstrate eligibility for MAT 2010 in the Mathematics Placement Examination. Grade point requirements and prerequisites for these courses are given below.

For course descriptions click here.


Credit Hours

Minimum Course Grade
for Major Credit

Course Prerequisites

ECO 2010




ECO 2020




ECO 5000



ECO 2010, MAT 1500 or 1800 with Minimum of C Grade

ECO 5050



ECO 2020, MAT 1500 or 1800 with Minimum of C Grade

ECO 5100



ECO 2010, ECO 2020, MAT 1500 or 1800 with Minimum of C Grade

Other economics courses taken by an economics major are electives.  Students must choose at least three courses from two or more of the following fields listed below.  If a student wishes to take a 6000 level course, the consent of the Director of Undergraduate Studies is required. 

Field Group


C - Industrial Organization

ECO 5200, ECO 5210, ECO 5250, ECO 5270 with minimum of C- grade

D - International Economics

ECO 5300, ECO 5310 with minimum of C- grade

E - Labor and Human Resources

ECO 5400, ECO 5410, ECO 5460, ECO 5470, ECO 5490 with minimum of C- grade

F - Public Economics

ECO 5500, ECO 5520, ECO 5550, ECO 5600 with minimum of C- grade

G - Monetary and Financial Economics

ECO 5700, ECO 5720, ECO 5730 with minimum of C- grade

H - Urban and Regional Economics

ECO 5800, 6455, 6810 with minimum of C- grade

 ECO 5993 - Writing Intensive Requirement

An economics major is also required to complete a paper for zero credit in conjunction with a 5000 level economics course.  The student must register for this course during the same semester that the 5000 level economics course is taken.  Permission from the instructor is required. Must receive "S" (Satisfactory).

Economics Honors Major

Economics majors with strong academic records and an interest in research are urged to apply to the Undergraduate Director for admission to the Honors Program in Economics.

Requirements are:

  • Applicants should have an overall honor point average of 3.3 or above.
  • Honors majors must take Economics 4997, the Senior Honors Seminar, during each of their last two semesters before graduation. They conduct research for the Seminar under the close supervision of an Economics faculty member and write up the results in an honors thesis, the length of which depends on the nature of the research project.
  • Honors majors must take one Honor Program Seminar, HON 4200 through 4280, offered by the Liberal Arts and Sciences Honors Program. This class can be used to fulfill General Education and Liberal Arts and Sciences Group Requirements.
  • A total of at least 15 honors designated credit hours, including, for example, any honors courses and thesis credits in Economics, other honors courses from other departments, and the Honors Program Seminar.

Those who successfully complete these requirements and finish their undergraduate course work with an overall H.P.A. of 3.3 or above will graduate with the degree designation, "With Honors in Economics."

The Minor in Economics

A minor in economics requires completion of MAT 1500 or 1800 or demonstrated eligibility for MAT 2010 in the Mathematics Placement Examination plus twenty credits of economics courses including ECO 2010 and ECO 2020. The additional twelve credits must be earned in ECO courses at the 5000-level or above. MAT 1500, 1800; ECO 2010, 2020 and (if included in the minor) ECO 5000, 5050, and 5100 must be passed with a grade of "C" or better. The twenty credits must have a cumulative grade point average of 2.0 or better. Transfer students wishing to minor in economics must take at least 12 of the 20 credit hours at Wayne State.  These courses must include Principles of Economics (ECO 2010 and 2020), and three elective courses at the 5000 level or above. The minor complements fields in the behavioral sciences, as well as computer science, engineering, and pre-law disciplines.

Students who major or minor in economics and who score a "4" or "5" on the Advanced Placement Examination in Economics will be exempt from enrolling in ECO 2010 and ECO 2020.  The credits from these courses will be applied to the major or minor.

For information on economics courses offered by the Department of Economics, see Undergraduate Economics Courses.

AGrade Program (Undergraduate/Graduate)

The College of Liberal Arts and Sciences and the Department of Economics have established an accelerated combined undergraduate and graduate program (AGRADE) whereby qualified seniors may enroll simultaneously in some undergraduate and graduate programs of the College. A maximum of fifteen credit hours may be applied towards both undergraduate and graduate degrees in economics. Those who elect the AGRADE program may expect to complete the Bachelors and Masters degrees in five years of full-time study. For further information, go to the following web page.

Omicron Delta Epsilon Honor Society

To be eligible for membership in this honor society, candidates must have an overall University H.P.A. of 3.0 and have completed at least 12 credit hours in Economics with an H.P.A. of 3.0. Students must pay a nominal lifetime membership fee and will receive a scroll (suitable for framing), a membership card, and a one-year subscription (two issues) to the American Economist. The primary purpose of Omicron Delta Epsilon is to recognize scholastic achievement in economics. For further information about Omicron Delta Epsilon, contact the Undergraduate Secretary in the Department of Economics and/or see their website.



656 W Kirby St. 2074 FAB
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Phone: (313) 577-3345
Fax: (313) 577-9564
Website: clasweb.clas.wayne.edu/economics
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