Minor in Economics
Minor

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Program Overview

How To Manage Resources Wisely

The study of economics is more than a theoretical exercise. It’s the deep dive into supply and demand, scarcity and wealth, creation and consumption. Economics applies to every endeavor, whether it’s starting your own business or advising governments on financial policies and programs. It’s how a society apportions goods and services.

Economics is a great accompaniment to any major you choose to pursue because you’ll not only gain the skills needed to understand complex markets but come away with strong analytical and problem-solving skills, as well as the business acumen necessary to succeed in the professional world.

Contact

Department of Humanities, Social Sciences, Communication

humchair@ltu.edu

Curriculum

Course Name

Course #

Credits

Survey of Calculus

Must have placement. Limits and continuity, differentiation, curve sketching, applications of differentiation, integration, methods and applications of integration, multivariable calculus. No credit after completion of MCS1414. Lecture: 4 hrs

MCS1224

4

-OR-

Calculus 1

Topics include, limits and continuity, differentiation of algebraic and transcendental functions, mean value theorem, applications of differentiation, anti-derivatives, indefinite integrals, inverse trigonometric functions, substitutions, definite integrals, the Fundamental Theorem of Calculus, applications of integration. Applications will be emphasized. In addition to regular class meetings, all students are required to participate in calculus lab sessions. The schedule, frequency, and modality of these labs may vary by section. Refer to the class schedule and course syllabus for details.

MCS1414

4

-OR-

Statistics

This course covers descriptive statistics, probability, and probability distributions with an emphasis on statistical inference such as confidence intervals, hypothesis testing, correlation and regression, chi-square tests, t-and F-distributions, and selected nonparametric tests.

MCS2124

4

Principles of Economics

Survey of macroeconomics and microeconomics, with emphasis of fundamental tools of economic analysis and policy. Introduction of supply and demand, national income determination, theory of the firm, and market structure. Lecture 3 hours. 3 hours credit. The following courses can be taken concurrently with this course: MCS 0054, MCS 0055, MCS 1113, MCS 0083, MCS 0085, MCS 0093, MCS 0074, MCS 1414.

ECN2303

3

Principles of Economics 2

The ability to draw complex concepts, objects, and environments from the imagination is absolutely essential to the industrial and transportation design professions. Visual communication of physical objects is exemplified throughout this course. The students will be introduced to the basic tools and methodologies of sketching, both free-hand and digitally. Extensive information is presented on the correct usage of tools, basic perspective, composition, light and shadow, and line dynamics. Basic geometrical 3-view drawings and 3D CAD software will be introduced, as well, that will support and validate the reality of expressed ideas. This class requires extensive and repetitive practice to develop the skills of sketching and visual communication.

ECN2403

3

Three upper-division courses in Economics (advisor approval required)

9

Total Credits:

19

Note: SSC 3523 (Money and Banking) is an economics course.

» Document Viewer

Use Your Cell Phone as a Document Camera in Zoom

  • What you will need to have and do
  • Download the mobile Zoom app (either App Store or Google Play)
  • Have your phone plugged in
  • Set up video stand phone holder

From Computer

Log in and start your Zoom session with participants

From Phone

  • Start the Zoom session on your phone app (suggest setting your phone to “Do not disturb” since your phone screen will be seen in Zoom)
  • Type in the Meeting ID and Join
  • Do not use phone audio option to avoid feedback
  • Select “share content” and “screen” to share your cell phone’s screen in your Zoom session
  • Select “start broadcast” from Zoom app. The home screen of your cell phone is now being shared with your participants.

To use your cell phone as a makeshift document camera

  • Open (swipe to switch apps) and select the camera app on your phone
  • Start in photo mode and aim the camera at whatever materials you would like to share
  • This is where you will have to position what you want to share to get the best view – but you will see ‘how you are doing’ in the main Zoom session.