Career Implications

The undergraduate degree in economics is excellent preparation for graduate study in economics and most other academic disciplines, as well as law and business. A degree in economics opens a wide range of career choices including teaching, government service, finance, banking and insurance. It is excellent preparation for a career in business, public administration and management.

Advising System

Students in the program should consult Professor Karen Vorst, (816) 235-2837 and email: vorstk@umkc.edu, for undergraduate advising.

Honor Society

The Zeta chapter of the Omicron Delta Epsilon International Honor Society in Economics is on campus. Information on this organization can be obtained from Ben Young. The society is open to all undergraduate students with at least 12 hours of economics and a 3.0 GPA in economics and related courses. Graduate students in economics with a 3.0 GPA also may join.

Special Awards and Scholarships

The Joe E. Brown Institutional Economics Award is given each year to an undergraduate or graduate student for outstanding academic performance in the study of institutional theory. The department also offers the Robert Greene Scholarship, Frank Wagner Scholarship, James Crew Scholarship, and the Karen Vorst Scholarship for undergraduates.

University Requirements

General Education

The UMKC General Education Core is the university-wide curriculum that all undergraduate students will complete.  The 30-credit hour core curriculum includes three course types designated as Anchor, Discourse and Focus and is detailed in the General Education section of the catalog.

Constitution Course 

Every undergraduate student must take a course covering the United States Constitution and the Missouri State Constitution before graduation. Course options are included in the program requirements section below.

RooWriter Assessment

Candidates for all baccalaureate degrees must complete the online UMKC RooWriter Writing Assessment after they have passed Discourse 200 (or its equivalent) but before they have attained 90 credit hours. Incoming transfer students with more than 90 credit hours must complete the RooWriter by the end of their first semester of enrollment or within one semester after passing Discourse 200 (or its equivalent). Students who have not completed the RooWriter Writing Assessment within two semesters after passing Discourse 200 (or its equivalent) will be blocked from enrollment until they successfully complete the RooWriter. Additional information is available in the Undergraduate Academic Regulations and Information section of the catalog.

Exit Examinations

Information on exit examinations and/or major field exams is available in the Undergraduate Academic Regulations and Information section of the catalog.

Student Learning Outcomes

Students graduating from this program will:

  • Students will be able to distinguish the attributes of a variety of economic theories and policies.
  • Students will be able to use their economic knowledge to examine a wide variety of problems that are economic, social and/or political in nature, on both the micro and macro levels.
  • Students will have knowledge of statistical methods that will become part of their problem-solving toolset.
  • Students will become proficient writers through assignments in regular classes, as well as intensive-writing experiences in the capstone course.
  • All students will have undertaken a research project in conjunction with a local community development corporation as part of an academic service learning assignment. In fact, there will be many opportunities to be actively engaged with the Kansas City community through our community service requirement in various courses.
  • Students will be better problem solvers and better-informed citizens.

Program Requirements

Program Specific Recommendations for UMKC General Education Core Coursework

Anchor I 13
Anchor II 13
Anchor III 13
DISC 100Discourse I: Reasoning and Values (Speech and Writing)3
DISC 200Discourse II: Culture and Diversity (Writing and Speech)3
DISC 300Discourse III: Civic and Community Engagement (Speech and Writing)3
Focus A 13
Focus B (Satisfied in program requirements below)
Focus C (May be satisfied by the Constitution course requirement below)
Focus Elective (Satisfied in program requirements below)
'Total credits' in this section indicates the number of General Education Core credit hours that are not met by the degree specific requirements outlined below.
Total Credits21
1

See the UMKC General Education Core section of the catalog for available Anchor and Focus course options.

Constitution Course Requirement

Section 170.011.1 of the Missouri Revised Statutes, 2015, states that all candidates for a degree issued by a college or university in the state of Missouri must have “satisfactorily passed an examination on the provisions and principles of the Constitution of the United States and of the state of Missouri, and in American history and American institutions.” 

Courses at UMKC that satisfy this state requirement are:

Choose one of the following:
The Supreme Court And The Criminal Process
U.S. History to 1877 (Focus C) 1
U.S. History Since 1877 (Focus C) 1
Constitutional History of the United States
Honors American Government (Focus C) 1
American Government (Focus C) 1
1

Course may satisfy both the UMKC General Education Core (Focus C) and Constitution requirements.

There are a few other ways this requirement can be satisfied for students transferring to UMKC:

  • Take an equivalent course from the list above at a regionally accredited institution.
  • Earn credit for one of the above courses through AP, IB, or CLEP.
  • Take a course that directly satisfies the Missouri Constitution Requirement at another Missouri institution.
  • Have a previous bachelors degree (or higher) from a regionally accredited institution.
  • Have an Associate of Arts degree from a regionally accredited institution.
  • Complete the 42 Hour Core at a Missouri institution and have it listed on the official transcript.

College of Arts & Sciences Degree Requirements

Students pursuing the bachelor of arts and bachelor of science degrees must complete a major. Students pursuing the bachelor of liberal arts degree must complete a minor. Additional details are available in the Student Services section of the catalog.

ALEKS Math Placement
Arts and Humanities Division of CAS 16
Science and Math Division of CAS6
Social and Behavioral Sciences Division of CAS6
Writing Intensive Course (300-level or above)3
Foreign Language (3rd Semester Level)9
Laboratory Science Experience1
College Algebra (or any 200-level or above Math/Stat course; Satisfied in requirements below)
Mathematics For Liberal Arts
Precalculus
Total Credits31

Major Requirements

This program requires a minimum of 36 hours and a maximum of 45 hours of courses in the department. A minimum 2.0 GPA in the major is required for graduation.

Related courses in anthropology, English, geography, philosophy, history, political science, psychology, sociology, accounting and computer programming are recommended to satisfy the College of Arts and Sciences requirements for graduation.

Students must take at least 12 credit hours of 300-level or above coursework in the major.

Major Prerequisites
MATH 110College Algebra3
STAT 235Elementary Statistics3
Major Requirements
ECON 201Introduction To Economics I (Focus B)3
ECON 202Introduction To Economics II (Focus B)3
ECON 301Macroeconomic Analysis3
ECON 302Microeconomic Analysis3
ECON 425Intermediate Economic Statistics 33
ECON 451Institutional Economic Theory3
Major Electives18
Total Credits42
1

ENGLISH 110, ENGLISH 225, COMM-ST 110, and foreign language courses at 211 or below do not fulfill this requirement.

2

This requirement may be fulfilled by courses from either the UMKC General Education Core or the College of Arts and Sciences Degree Requirements.

3

MATH 110 and STAT 235 or their equivalents are prerequisites for ECON 425

4

ECON 421 is recommended for students who plan to do graduate work in economics.

General Electives

Students must take elective credit hours to meet the minimum credit hour requirement for their degree, including at least 36 credit hours of coursework at the 300-level or above. The minimum required by the university is 120 credit hours, of which at least 30 credit hours must be taken at UMKC, but some degree programs require more.

General Electives23

Minimum GPA: 2.0

Total Credit Hours: 120


Money and Finance Emphasis

Student Learning Outcomes

Students graduating from this program will:

  • Students will be able to identify important issues related to money and finance from both a macro (broad policy questions) and micro (firm-specific questions) perspective.
  • Students will be able to determine what information is needed to evaluate the issues and identify/construct appropriate data sets and other information for analysis.
  • Students will develop and use their problem-solving skills and be able to analyze specific issues in order to formulate a variety of solutions.
  • Students will be able to communicate their analyses effectively through written and oral presentations.
  • Students will gain experience working in teams either in the classroom and/or on the job through an internship experience.

Program Requirements

Anchor I 13
Anchor II 13
Anchor III 13
DISC 100Discourse I: Reasoning and Values (Speech and Writing)3
DISC 200Discourse II: Culture and Diversity (Writing and Speech)3
DISC 300Discourse III: Civic and Community Engagement (Speech and Writing)3
Focus A 13
Focus B (Satisfied in program requirements below)
Focus C (May be satisfied by the Constitution course requirement below)
Focus Elective (Satisfied in program requirements below)
'Total credits' in this section indicates the number of General Education Core credit hours that are not met by the degree specific requirements outlined below.
Total Credits21
1

See the UMKC General Education Core section of the catalog for available Anchor and Focus course options.

Constitution Course Requirement

Section 170.011.1 of the Missouri Revised Statutes, 2015, states that all candidates for a degree issued by a college or university in the state of Missouri must have “satisfactorily passed an examination on the provisions and principles of the Constitution of the United States and of the state of Missouri, and in American history and American institutions.” 

Courses at UMKC that satisfy this state requirement are:

Choose one of the following:3
The Supreme Court And The Criminal Process
U.S. History to 1877 (Focus C) 1
U.S. History Since 1877 (Focus C) 1
Constitutional History of the United States
Honors American Government (Focus C) 1
American Government (Focus C) 1
Total Credits3
1

 Course may satisfy both the UMKC General Education Core (Focus C) and Constitution requirements.

There are a few other ways this requirement can be satisfied for students transferring to UMKC:

  • Take an equivalent course from the list above at a regionally accredited institution.
  • Earn credit for one of the above courses through AP, IB, or CLEP.
  • Take a course that directly satisfies the Missouri Constitution Requirement at another Missouri institution.
  • Have a previous bachelors degree (or higher) from a regionally accredited institution.
  • Have an Associate of Arts degree from a regionally accredited institution.
  • Complete the 42 Hour Core at a Missouri institution and have it listed on the official transcript.

College of Arts & Sciences Degree Requirements

Students pursuing the bachelor of arts and bachelor of science degrees must complete a major. Students pursuing the bachelor of liberal arts degree must complete a minor. Additional details are available in the Student Services section of the catalog.

ALEKS Math Placement
Arts and Humanities Division of CAS 16
Science and Math Division of CAS6
Social and Behavioral Sciences Division of CAS6
Writing Intensive Course (300-level or above)3
Foreign Language (3rd Semester Level)9
Laboratory Science Experience1
College Algebra (or any 200-level or above Math/Stat course; Satisfied in requirements below)
Mathematics For Liberal Arts
Precalculus
Total Credits31

Major Requirements

This program requires a minimum of 36 hours and a maximum of 45 hours of courses in the department. A minimum 2.0 GPA in the major is required for graduation.

Related courses in anthropology, English, geography, philosophy, history, political science, psychology, sociology, accounting and computer programming are recommended to satisfy the College of Arts and Sciences requirements for graduation.

Students must successfully complete the major requirements below with at least 12 hours of the noted upper division (300+) course requirements completed at UMKC.

Below are the required courses and electives for the Money and Finance Emphasis Area. Students must complete 18 credits from the courses listed in the “Money and Finance Electives” section

Major Prerequisites
MATH 110College Algebra3
STAT 235Elementary Statistics3
Required Courses (from the basic Economics degree):
ECON 201Introduction To Economics I (Focus B)3
ECON 202Introduction To Economics II (Focus B)3
ECON 301Macroeconomic Analysis3
ECON 302Microeconomic Analysis3
ECON 425Intermediate Economic Statistics3
ECON 451Institutional Economic Theory3
Electives (choose 6 from the following): 1,218
Money And Banking
Money And Banking
Financial Analysis And The Economy
Monetary Theory And Policy
Public Finance
State And Local Government Finance
International Finance
Internship
Total Credits42
1

Two electives may be taken from outside the department, including ACCTNG 210, ACCTNG 211, or any 300-level or above ACCTNG or FIN course.

2

Elective options not included above are subject to approval by the program's Undergraduate Advisor.

General Electives

Students must take elective credit hours to meet the minimum credit hour requirement for their degree, including at least 36 credit hours of coursework at the 300-level or above. The minimum required by the university is 120 credit hours, of which at least 30 credit hours must be taken at UMKC, but some degree programs require more.

General Electives23

Minimum GPA: 2.0

Total Credit Hours: 120


Political Economy Emphasis

Student Learning Outcomes

Students graduating from this program will:

  • Students will explain, analyze, and critically evaluate different market structures
  • Students will be able to analyze specific economic issues using different methodologies of both a quantitative and qualitative nature
  • Students will be able to undertake independent research into an examination of an issue of current social concern
  • Students will assess the role of domestic and international institutions and norms in shaping economic outcomes
  • Students will address and critically evaluate policy proposals from different theoretical perspectives
  • Student will explain why different theoretical perspectives lead to different policy recommendations
  • Students will understand the relation between economic theory(ies) and the examination of at least two major social issues (race and/or gender, economic development, environmental concerns, etc.)
  • Students will examine a specific issue from a standpoint that incorporates social and political concerns in the economic inquiry

Program Requirements

Program Specific Recommendations for UMKC General Education Core Coursework

Anchor I 13
Anchor II 13
Anchor III 13
DISC 100Discourse I: Reasoning and Values (Speech and Writing)3
DISC 200Discourse II: Culture and Diversity (Writing and Speech)3
DISC 300Discourse III: Civic and Community Engagement (Speech and Writing)3
Focus A 13
Focus B (Satisfied in program requirements below)
Focus C (May be satisfied by the Constitution course requirement below)
Focus Elective (Satisfied in program requirements below)
'Total credits' in this section indicates the number of General Education Core credit hours that are not met by the degree specific requirements outlined below.
Total Credits21
1

See the UMKC General Education Core section of the catalog for available Anchor and Focus course options.

Constitution Course Requirement

Section 170.011.1 of the Missouri Revised Statutes, 2015, states that all candidates for a degree issued by a college or university in the state of Missouri must have “satisfactorily passed an examination on the provisions and principles of the Constitution of the United States and of the state of Missouri, and in American history and American institutions.” 

Courses at UMKC that satisfy this state requirement are:

Choose one of the following:
The Supreme Court And The Criminal Process
U.S. History to 1877 (Focus C) 1
U.S. History Since 1877 (Focus C) 1
Constitutional History of the United States
Honors American Government (Focus C) 1
American Government (Focus C) 1
1

Course may satisfy both the UMKC General Education Core (Focus C) and Constitution requirements.

There are a few other ways this requirement can be satisfied for students transferring to UMKC:

  • Take an equivalent course from the list above at a regionally accredited institution.
  • Earn credit for one of the above courses through AP, IB, or CLEP.
  • Take a course that directly satisfies the Missouri Constitution Requirement at another Missouri institution.
  • Have a previous bachelors degree (or higher) from a regionally accredited institution.
  • Have an Associate of Arts degree from a regionally accredited institution.
  • Complete the 42 Hour Core at a Missouri institution and have it listed on the official transcript.

College of Arts & Sciences Degree Requirements

Students pursuing the bachelor of arts and bachelor of science degrees must complete a major. Students pursuing the bachelor of liberal arts degree must complete a minor. Additional details are available in the Student Services section of the catalog.

ALEKS Math Placement
Arts and Humanities Division of CAS 16
Science and Math Division of CAS6
Social and Behavioral Sciences Division of CAS6
Writing Intensive Course (300-level or above)3
Foreign Language (3rd Semester Level)9
Laboratory Science Experience1
College Algebra (or any 200-level or above Math/Stat course; Satisfied in requirements below)
Mathematics For Liberal Arts
Precalculus
Total Credits31

Major Requirements

This program requires a minimum of 36 hours and a maximum of 45 hours of courses in the department. A minimum 2.0 GPA in the major is required for graduation.

Related courses in anthropology, English, geography, philosophy, history, political science, psychology, sociology, accounting and computer programming are recommended to satisfy the College of Arts and Sciences requirements for graduation.

Students must take at least 12 credit hours of 300-level or above coursework in the major.

Major Prerequisites
MATH 110College Algebra3
STAT 235Elementary Statistics3
Required Courses (from basic Economics degree)
ECON 201Introduction To Economics I (Focus B)3
ECON 202Introduction To Economics II (Focus B)3
ECON 301Macroeconomic Analysis3
ECON 302Microeconomic Analysis3
ECON 425Intermediate Economic Statistics3
ECON 451Institutional Economic Theory3
Electives (choose 4 of the following)12
Challenges Facing The US Economy
Theory Of Economic Development
Political Economy of Race, Class And Gender: Theory, History, And Policy
Current Economic Issues
History Of Economic Thought
Environment, Resources And Economic Growth
Economic Policy
Radical Political Economy
Internship
2 electives at the 300-level or above (may be from outside the Department, but will be subject to approval by the Undergraduate Advisor).6
Total Credits42

General Electives

Students must take elective credit hours to meet the minimum credit hour requirement for their degree, including at least 36 credit hours of coursework at the 300-level or above. The minimum required by the university is 120 credit hours, of which at least 30 credit hours must be taken at UMKC, but some degree programs require more.

General Electives23

Urban Economic Development Emphasis

Student Learning Outcomes

Students graduating from this program will:

  • Students will become familiar and conversant with the full range of private, public, and non-profit sector organizations and activities which contribute to the process of urban economic development.
  • Students will develop comprehensive and advanced skills in spatial analysis and the operation of Geographic Information Systems (GIS) in the support of urban economic development.
  • Students will learn and develop competency in the theory and methods of the field of Urban Economics.
  • In collaborative partnerships with local organizations, students will demonstrate the ability to integrate and apply the knowledge and skills acquired in learning outcomes 1-3 to practical problems in urban economic development.

Program Requirements

Program Specific Recommendations for UMKC General Education Core Coursework

Anchor I 13
Anchor II 13
Anchor III 13
DISC 100Discourse I: Reasoning and Values (Speech and Writing)3
DISC 200Discourse II: Culture and Diversity (Writing and Speech)3
DISC 300Discourse III: Civic and Community Engagement (Speech and Writing)3
Focus A 13
Focus B (Satisfied in program requirements below)
Focus C (May be satisfied by the Constitution course requirement below)
Focus Elective (Satisfied in program requirements below)
'Total credits' in this section indicates the number of General Education Core credit hours that are not met by the degree specific requirements outlined below.
Total Credits21
1

See the UMKC General Education Core section of the catalog for available Anchor and Focus course options.

Constitution Course Requirement

Section 170.011.1 of the Missouri Revised Statutes, 2015, states that all candidates for a degree issued by a college or university in the state of Missouri must have “satisfactorily passed an examination on the provisions and principles of the Constitution of the United States and of the state of Missouri, and in American history and American institutions.” 

Courses at UMKC that satisfy this state requirement are:

Choose one of the following:
The Supreme Court And The Criminal Process
U.S. History to 1877 (Focus C) 1
U.S. History Since 1877 (Focus C) 1
Constitutional History of the United States
Honors American Government (Focus C) 1
American Government (Focus C) 1
1

Course may satisfy both the UMKC General Education Core (Focus C) and Constitution requirements.

There are a few other ways this requirement can be satisfied for students transferring to UMKC:

  • Take an equivalent course from the list above at a regionally accredited institution.
  • Earn credit for one of the above courses through AP, IB, or CLEP.
  • Take a course that directly satisfies the Missouri Constitution Requirement at another Missouri institution.
  • Have a previous bachelors degree (or higher) from a regionally accredited institution.
  • Have an Associate of Arts degree from a regionally accredited institution.
  • Complete the 42 Hour Core at a Missouri institution and have it listed on the official transcript.

College of Arts & Sciences Degree Requirements

Students pursuing the bachelor of arts and bachelor of science degrees must complete a major. Students pursuing the bachelor of liberal arts degree must complete a minor. Additional details are available in the Student Services section of the catalog.

ALEKS Math Placement
Arts and Humanities Division of CAS 16
Science and Math Division of CAS6
Social and Behavioral Sciences Division of CAS6
Writing Intensive Course (300-level or above)3
Foreign Language (3rd Semester Level)9
Laboratory Science Experience1
College Algebra (or any 200-level or above Math/Stat course; Satisfied in requirements below)
Mathematics For Liberal Arts
Precalculus
Total Credits31

Major Requirements

This program requires a minimum of 36 hours and a maximum of 45 hours of courses in the department. A minimum 2.0 GPA in the major is required for graduation.

Related courses in anthropology, English, geography, philosophy, history, political science, psychology, sociology, accounting and computer programming are recommended to satisfy the College of Arts and Sciences requirements for graduation.

Students must take at least 12 credit hours of 300-level or above coursework in the major.

Major Prerequisites
MATH 110College Algebra3
STAT 235Elementary Statistics3
Required Courses (from the basic Economics degree)
ECON 201Introduction To Economics I (Focus B)3
ECON 202Introduction To Economics II (Focus B)3
ECON 301Macroeconomic Analysis3
ECON 302Microeconomic Analysis3
ECON 425Intermediate Economic Statistics3
ECON 451Institutional Economic Theory3
Major Electives:
ECON 336The Kansas City Economy3
ECON 411Geographic Information Systems (GIS) for Urban Economic Development3
ECON 458Urban Economics3
ECON 496Practicum in Urban Economic Development3
2 electives at the 300-level or above (may be outside the department but are subject to approval by the Undergraduate Advisor).6
Total Credits42

General Electives

Students must take elective credit hours to meet the minimum credit hour requirement for their degree, including at least 36 credit hours of coursework at the 300-level or above. The minimum required by the university is 120 credit hours, of which at least 30 credit hours must be taken at UMKC, but some degree programs require more.

General Electives23

Minimum GPA: 2.0

Total Credit Hours: 120


Teacher Certification in Social Studies

Student Learning Outcomes

Upon graduating with a Teacher Certification in Social Studies:

  • Students will be able to distinguish the attributes of a variety of economic theories and policies.
  • Students will be able to use their economic knowledge to examine a wide variety of problems that are economic, social and/or political in nature, on both the micro and macro levels.
  • Students will have knowledge of statistical methods that will become part of their problem-solving toolset.
  • Students will become proficient writers through assignments in regular classes, as well as intensive-writing experiences in the capstone course.
  • All students will have undertaken a research project in conjunction with a local community development corporation as part of an academic service learning assignment. In fact, there will be many opportunities to be actively engaged with the Kansas City community through our community service requirement in various courses.
  • Students will be better problem solvers and better-informed citizens.

Certification as a middle school (grades 5-9) or secondary (grades 9-12) social studies teacher in either Kansas or Missouri requires that a student complete specific requirements in History, Political Science, Economics, Geography, Behavioral Sciences and the School of Education. A separate application for teacher education is required. For further information about the program, consult the School of Education section of this catalog or contact the Education Student Services Office at (816) 235-2234.

 


Tools for Planning and Fulfilling Academic Requirements

UMKC's Major Maps are detailed, semester by semester plans that lead a student to complete all degree requirements within four years.  Plans include benchmarks and critical courses by term that assist a student’s evaluation of progress and major “fit”.  In order to ensure that the appropriate courses are taken, students are encouraged to consult with the undergraduate advisor for this major.

UMKC’s Degree Audit System provides an individual evaluation of all degree requirements (General Education Core, Degree Specific, Major Specific, etc.) for student’s officially recorded (Office of Registration and Records) and “what if” plans of study.  This evaluation is used to certify all graduation requirements.