Economics at Aquinas College

Economics Minor

Minor Requirements: Twenty-one (21) semester hours.

  • At least twelve (12) semester hours must be taken at Aquinas.
  • Only courses with a grade of C- or better will count toward the minor.
ES211 Microeconomic Principles 3.0
ES212 Macroeconomic Principles 3.0
ES311 Intermediate Microeconomics OR ES 312 Intermediate Macroeconomics 3.0
Twelve (12) credits in Economics:
ES/SB300 Environmental Economics and Policy 3.0
ES/BS301 Money and Banking (recommended) 3.0
ES311 Intermediate Microeconomics 3.0
ES312 Intermediate Macroeconomics 3.0
ES/BS313 International Business (GP) 3.0
ES342 International Economics 3.0
ES/BS352 Labor/Management Relations 3.0
ES/PS376 Public Sector Economics 3.0
ES397 Field Experience in Economics V
ES398 Readings in Economics V
ES435 Development Economics 3.0
ES465 Econometrics 3.0
ES492 History of Economic Thought (WI) (recommended) 3.0
ES499 Capstone Course in Economics (SC) 3.0



  • ES211 Microeconomic Principles (3) SS1

    Introduction to the economic problem and the study of economics; basics of supply and demand; introduction to concepts and models used to understand the economic behavior of households and firms, economic outcomes under various market structures, market failures, and international trade.

  • ES212 Macroeconomic Principles (3) SS1

    Introduction to the economic problem and the study of economics; basics of supply and demand; introduction to concepts and models used to understand the business cycle (fluctuations in national income and employment) and inflation; basics of international finance.

  • ES300/SB300 Environmental Economics and Policy (3) SS1

    Microeconomic theory and models of environmental economics are examined, such as common property resources, externalities, environmental accounting, contingent valuation, and maximum sustainable yield, along with the complex economic and social impacts of environmental policy. Prerequisites: EL100 and ES211.

  • ES301/BS301 Money and Banking (3) SS1

    A study of financial institutions and markets and of monetary theory. Prerequisite: ES212.

  • ES311 Intermediate Microeconomics (3) SS1

    Study of the theoretical models used to understand the economic behavior of households and firms, the outcomes to be expected under different market structures, and market failures; introduction to ways of assessing the efficiency and justice of market systems. Prerequisite: ES211, ES212.

  • ES312 Intermediate Macroeconomics (3) SS1

    Study of the theoretical models used to understand business cycles and inflation and to evaluate fiscal and monetary policy. Prerequisite: ES211, ES212.

  • ES313/BS313 International Business (3) SS1, GP

    An introduction to international business theory and practice. The balance of trade, balance of payments, international business strategy options, and the various modes of conducting international trade are included.

  • ES342 International Economics (3) SS1

    A study of the fundamental principles of international economic relations. Subjects covered include the economic basis for international specialization and trade, the economic gains from trade, trade policies, economic blocs, and the international financial system. Prerequisite: ES211, ES212.

  • ES352/BS352 Labor/Management Relations (3)

    Reviews the historical development of Labor and Management Relations in the United States. Explores the key aspects of today’s management/labor/ government interactions. Highlights the collective bargaining process through simulation. Prerequisite: ES212.

  • ES376/PS376 Public Sector Economics (3)

    Public Sector Economics is the study of tax and expenditure policy and theory. Public goods (education, infrastructure, etc.) require unique funding mechanisms to induce economic efficiency. Public sector economics is the study of these mechanisms. Beginning with a treatment of the median-voter model and utility maximization, the course charts a robust discussion of the interaction between government and citizen as taxes are collected, revenues are spent, and the efficiencies/inefficiencies of these mechanisms are uncovered. The course will focus on both the theoretical foundations of public sector economics and what the empirical research as to say about theory.Prerequisites: E211 and ES212 An understanding of algebra is mandatory and an understanding of calculus will be beneficial.

  • ES397 Field Experience in Economics (Variable)

    Up to three (3) semester hours of internship or experience in a field directly related to Economics, negotiated between major advisor and student. Prerequisite: Approval of the department chairperson.

  • ES398 Readings in Economics (Variable)

    Individually negotiated project of defined nature established by contract between instructor and student. Contracts filed with Registrar. Prerequisite: Approval of the department chairperson.

  • ES435 Development Economics (3)

    A study of economic development from primitive agricultural economies to modern manufacturing and post-industrial economies. Subjects include the many economic changes that accompany economic growth and why economic growth does or does not occur. Prerequisite: One course in economics.

  • ES465 Econometrics (3)

    Introduction to Econometrics offers a general introduction to econometric methodology. The course begins with the classical linear regression model. After analyzing the properties of the simple and multivariate regression models, we will delve into a richer class of models to deal with endogeneity, such as IV-regression, and 2SLS-regression. At this point, we will switch gears, and learn basic techniques of time-series data. All topics in the class will be analyzed in two contexts: theory and application. That is, after analyzing the theoretic properties of estimators, we will then apply them to real-life examples and data sets, with emphasis on both visualization and interpretation. The semester will conclude with group projects. Prerequisites ES211, ES212, MS110 or MS111, and MS151 or higher level statistics course.

  • ES492 History of Economic Thought (3) WI

    Analysis of the contributions and perspectives of major economic thinkers from Adam Smith to the present. Prerequisite: ES211 and junior status.

  • ES499 Capstone Course in Economics (3) SC

    Serves as capstone to economics major. This course applies microeconomic and macroeconomic theory to a variety of topics and requires students to engage in a research project. Students will read and analyze related journal articles. Includes a career exploration/goals component. Prerequisite: twenty-one (21) hours of economics including ES311, ES312; MS 151 or higher-level statistics course, or concurrent enrollment in any unfinished course.