Better Because of Illinois
  • 2006, 2010 and 2011 Johnson & Johnson (JNJ) National Business Case Competition Champions
  • Top-ranked Big Ten university for Return on Investment
  • Undergraduate Business program ranked #16 in the nation US News & World Report

Step Four—Economics

Students with the appropriate mathematics background (e.g., placement in Math 125 or higher) will enroll in the two-course sequence in economics principles. A score of four or better on the appropriate AP economics course earns credit for that course and completes that part of the requirement. Students may enroll in either course first. ECON 102 & 103 serves as a prerequisite for other Business Core courses such as ACCY 201, generally taken fall of the sophomore year.

If a student places into Math 012, enrollment in this sequence may be delayed until the successful completion of Math 012.

About the Courses

Econ 102: Microeconomic Principles

Introduction to the functions of individual decision-makers, both consumers and producers, within the larger economic system. Primary emphasis on the nature and functions of product markets, the theory of the firm under varying conditions of competition and monopoly, and the role of government in prompting efficiency in the economy. Students receiving credit for ACE 100 may not receive credit for ECON 102. 3 hours.

Econ 103: Macroeconomic Principles

Introduction to the theory of determination of total or aggregate income, employment, output, price levels, and the role of money in the economy. Primary emphasis on monetary and fiscal policy, inflation, unemployment, economic growth, and international economics. Students with credit in ECON 101 may receive 1 hour of credit in ECON 103. 3 hours.