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Degree Requirements 2023-2024

Major in Economics, BA

  • ECO 112- Principles of Macroeconomics
  • ECO 113 – Principles of Microeconomics
  • ECO 312 – Intermediate Macroeconomics
  • ECO 313 – Intermediate Microeconomics
  • ECO 490 – Research Methods in Econometrics
  • Three four-credit upper division economics electives (ECO399 may not be applied to this requirement)
  • One of DST 164, MIS 379, or MAT 163
    • DST 164 – Introduction to Statistics (with R)
    • MIS 379 – Quantitative Methods for Business and Economics
    • MAT 163 – Introductory Statistics
  • One of MAT 114, MAT 145, or MAT 146
    • MAT 114 – Precalculus
    • MAT 145 and 145L – Calculus I
    • MAT 146 and 146L – Calculus II

Graduation Skills

Graduation skills in Critical Thinking (CT), Quantitative Reasoning (QR), Speaking (S), and Writing (W) are embedded throughout the offered courses and are met by completing the major. Transfer students must consult an advisor about potential adjustments to their course requirements to fulfill each of these skills.

Major in Applied Economics, BA

  • ECO 112 – Principles of Macroeconomics
  • ECO 113 – Principles of Microeconomics
  • One of ECO 312 or ECO 315
    • ECO 312 – Intermediate Macroeconomics
    • ECO 315 – Money and Banking
  • ECO 313 – Intermediate Microeconomics
  • ECO 318 – Management Science
  • ECO 350 – Labor Economics
  • ECO 360 – International Economics
  • ECO 490 – Research Methods in Econometrics
  • ENL 223 – Writing for Business and the Professions
  • One of ECO 399 or ECO 499
    • ECO 399 – Internship Program
    • ECO 499 – Independent Study
  • One of DST 164, MIS 379, or MAT 163
    • MIS 379 – Quantitative Methods for Business and Economics
    • MAT 163 – Introductory Statistics
    • DST164 – Introduction to Statistics (with R)
  • One of PHI 120 or PHI 125
    • PHI 120 – Ethics
    • PHI 125 – Ethics and Human Identity

Graduation Skills

Graduation skills in Critical Thinking (CT), Quantitative Reasoning (QR), Speaking (S), and Writing (W) are embedded throughout the offered courses and are met by completing the major.

Transfer students must consult an advisor about potential adjustments to their course requirements to fulfill each of these skills.

Combined Major in Economics and Business Administration, BA

Thirteen courses including:

  • ACC 221 – Introduction to Financial Accounting
  • ACC 222 – Introduction to Managerial Accounting
  • BUS 242 – Principles of Management
  • MKT 252 – Principles of Marketing
  • MIS 379 – Quantitative Methods for Business and Economics
  • Two additional upper division BUS, ACC, FIN, MIS, or MKT course (excluding MIS379)
  • ECO 112 – Principles of Macroeconomics
  • ECO 113 – Principles of Microeconomics
  • ECO 312 – Intermediate Macroeconomics
  • ECO 313 – Intermediate Microeconomics
  • Two other upper division ECO course (ECO399 may not be applied to this requirement)

Graduation Skills

Graduation skills in Critical Thinking (CT), Speaking (S), and Writing (W) are embedded throughout the offered courses and are met by completing the major. Transfer students must consult an advisor about potential adjustments to their course requirements to fulfill each of these skills. The Quantitative Reasoning (QR) graduation skill is met by completing: ECO 112 or 113 (QF) and MIS 379 (QA).

Note: All business majors are encouraged to take KEY 490 – Vocation and the Meaning of Success to fulfill the Augsburg Core Curriculum Senior Keystone Requirement.

Major in Mathematical Economics, BS (joint offering with the Department of Mathematics, Statistics, and Computer Science)

  • ECO 112 – Principles of Macroeconomics
  • ECO 113 – Principles of Microeconomics
  • ECO 312 – Intermediate Macroeconomics
  • ECO 313 – Intermediate Microeconomics
  • ECO 490 – Research Methods in Econometrics
  • One introduction to statistics (MIS379 recommended), chosen from:
    • DST 164 – Introduction to Statistics (with R)
    • MAT 163 – Introductory Statistics (offered infrequently)
    • MIS 379 – Quantitative Methods for Business and Economics
  • MAT 145 and 145L – Calculus I
  • MAT 146 and 146L – Calculus II
  • MAT 255- Multivariable Calculus
  • MAT 315- Linear Algebra
  • Two upper division mathematics/statistics courses, chosen from:
    • DST 374 – Mathematical Statistics
    • MAT 370 – Real Analysis
    • MAT 373 – Probability Theory
    • MAT 465 – Modeling and Differential Equations in Biological and Natural Sciences
  • Three four-credit upper division Economics courses (ECO 416 recommended)

CSC 165 – Introduction to Computer Programming (Python) is also recommended.

Students must earn a grade of C- or better (or P) in each course that applies as a prerequisite for a CSC, DST,  or MAT course.  Students must earn a grade of C- or better (or P) in each course that applies toward the major in Mathematical Economics.

Students completing the major in Mathematical Economics are not eligible for a major in Economics, Applied Economics, or the Combined major in Economics and Business Administration or a minor in Mathematics or Economics.  Students completing the major in Mathematical Economics may complete a major in Mathematics.

Graduation Skills

Graduation skills in Critical Thinking (CT), Quantitative Reasoning (QR), Speaking (S), and Writing (W) are embedded throughout the offered courses and are met by completing the major.  Transfer students must consult an advisor about potential adjustments to their course requirements to fulfill each of these skills.

Teacher Licensure Major

The State of Minnesota has specific licensing requirements for teachers that may differ slightly in emphasis from the Augsburg major requirements. The state requirements may also be subject to change after publication of this catalog. Students, therefore, should consult with the Augsburg Department of Education to identify current Minnesota teacher licensure requirements.

Teaching Major in Political Science and Economics

See Political Science.

Departmental Honors

GPA of 3.50 in the major and 3.00 overall; a senior thesis and comprehensive oral examination in the major field of concentration.

Minor in Economics

This minor is not available to students majoring in the combined major of Business Administration and Economics.

  • ECO 112 – Principles of Macroeconomics
  • ECO 113 – Principles of Microeconomics
  • ECO 312 – Intermediate Macroeconomics
  • ECO 313 – Intermediate Microeconomics
  • One additional four-credit upper division economics course

Other configurations may be permitted by consulting with the department chair.

Note: Students who plan to major in the department are strongly encouraged to select a faculty mentor as soon as possible in order to carefully plan their program of study.


For a complete list of courses and descriptions, see the Course Description Search.