Economics

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Graceland University’s ECONOMICS minor is built around a core group of courses, including microeconomics and macroeconomics. Students in the Economics minor develop their understanding of economic theory alongside a strong set of analytical, critical and quantitative thinking skills that are applicable to a broad range of careers.

Offerings
Minor
Field of Study
Business
Format
Lamoni Campus
Curriculum
  • Economics Minor

    Minor in Economics (18 s.h.)

    Courses Offered
    • ECON1300Principles of Macroeconomics
      ECON1300 Principles of Macroeconomics - 3 s.h.

      Analysis of the fundamental principles of the American economic system, centering on price, national income, international trade and finance, fiscal policy, monetary policy, money, and banking. Prerequisite: 1 year high school algebra; geometry recommended. ELO5 Social Science - World Citizenship, ELO5 Social Science - Innovation

    • ECON1320Principles of Microeconomics
      ECON1320 Principles of Microeconomics - 3 s.h.

      Analysis of the fundamental principles of the American economic system, centering on price, production, market structures, and a survey of contemporary economic problems, e.g. sustainability. ELO5 Social Science - Sustainability

    • ECON2100Introductory Economic Data Analysis
      ECON2100 Introductory Economic Data Analysis - 3 s.h.

      An introduction to economic data and statistical techniques commonly applied in business settings. Topics include understanding the basics of data interpretation, manipulation, and visualization. Students will learn how to carry out and interpret basic linear regression and other methods of statistical analysis in Excel.

    • ECON3200Public Finance
      ECON3200 Public Finance - 3 s.h.

      An examination of the taxation policies and expenditure programs of the public sector. Related topics include public goods, income distribution, and public choice theory. Prerequisite: ECON1320. ELO5 Social Science - Equality, ELO5 Social Science - Equality and Peace. Offered odd years Spring. +This course is only offered every other year.

    • ECON3220Economics of Sports
      ECON3220 Economics of Sports - 3 s.h.

      An application of economic theory to the business of sports. Areas include labor economics, public finance, and the theory of the firm. Prerequisite: ECON1320 and either two MATH courses or MATH1360.

    • ECON3320Money and Banking
      ECON3320 Money and Banking - 3 s.h.

      A study of monetary institutions, monetary theory and policy implications, and the principles of our banking system. Prerequisite: ECON1320. +This course is only offered every other year.

    ECON1300Principles of Macroeconomics ECON1320Principles of Microeconomics ECON2100Introductory Economic Data Analysis ECON3200Public Finance ECON3220Economics of Sports ECON3320Money and Banking
    Course Descriptions
    ECON1300 Principles of Macroeconomics - 3 s.h.

    Analysis of the fundamental principles of the American economic system, centering on price, national income, international trade and finance, fiscal policy, monetary policy, money, and banking. Prerequisite: 1 year high school algebra; geometry recommended. ELO5 Social Science - World Citizenship, ELO5 Social Science - Innovation

    ECON1320 Principles of Microeconomics - 3 s.h.

    Analysis of the fundamental principles of the American economic system, centering on price, production, market structures, and a survey of contemporary economic problems, e.g. sustainability. ELO5 Social Science - Sustainability

    ECON2100 Introductory Economic Data Analysis - 3 s.h.

    An introduction to economic data and statistical techniques commonly applied in business settings. Topics include understanding the basics of data interpretation, manipulation, and visualization. Students will learn how to carry out and interpret basic linear regression and other methods of statistical analysis in Excel.

    ECON3200 Public Finance - 3 s.h.

    An examination of the taxation policies and expenditure programs of the public sector. Related topics include public goods, income distribution, and public choice theory. Prerequisite: ECON1320. ELO5 Social Science - Equality, ELO5 Social Science - Equality and Peace. Offered odd years Spring. +This course is only offered every other year.

    ECON3220 Economics of Sports - 3 s.h.

    An application of economic theory to the business of sports. Areas include labor economics, public finance, and the theory of the firm. Prerequisite: ECON1320 and either two MATH courses or MATH1360.

    ECON3320 Money and Banking - 3 s.h.

    A study of monetary institutions, monetary theory and policy implications, and the principles of our banking system. Prerequisite: ECON1320. +This course is only offered every other year.

Exceptional Faculty

“Economics allowed me to apply higher-level reasoning to better understand what I’m going to see every day in the business world. Being a part of the economics program at Graceland has allowed me to craft better relationships with professors who go above and beyond to help me realize my potential.”
Jacob Ross ’20

Jacob Ross

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Tuition & Aid

Over 98% of students on the Lamoni campus receive financial aid.

An education from Graceland is one of the greatest investments you can make but we understand that cost is often a concern. With our generous scholarships and awards, you will find a truly affordable private education – often the cost of attending Graceland is less than a public university.

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