Discover how to draw conclusions from data and become indispensable in a variety of careers. Discover how to draw conclusions from data and become indispensable in a variety of careers. Discover how to draw conclusions from data and become indispensable in a variety of careers. Discover how to draw conclusions from data and become indispensable in a variety of careers. Discover how to draw conclusions from data and become indispensable in a variety of careers.

School of Business & Entrepreneurship

Department of Economics

Economics

Questions?

Undergraduate Admissions

(630) 637-5800

admissions@noctrl.edu

Why pursue an economics degree at North Central College?

Working closely with our well-respected faculty, you’ll develop quantitative skills and your reasoning and decision-making skills. Using examples from today’s headlines to evaluate the theories that affect public policy and market forces, you’ll discover how best to draw conclusions from data and present your findings convincingly. This careful training will serve you well in virtually any career, as thoughtful decision makers are always in demand.

You can also:

  • Apply for competitive internships and job opportunities arranged through faculty and alumni networks or through our Career Development office.
  • Join student organizations like the Bulls and Bears finance club, which arrange networking events and guest speakers.
  • Work with local schools through the newly established Center of Economic Education and Financial Literacy. 
  • Visit the nearby Chicago Board of Trade, Chicago Board Options Exchange and Federal Reserve.
  • Research your interests alongside faculty and present your findings on campus or at national conferences. 

More Department information

Economics, B.A.

For additional programs and courses in this department, see Economics.

Major Requirements

At least 24 economics credit hours, including:

  • ECN 241 - Business and Economic Statistics *

    ECN 241 - Business and Economic Statistics

    3.00 credit hours

    This course is designed to provide students with the ability to apply and interpret descriptive and inferential procedures, probability distributions, statistical sampling and design, hypothesis testing and regression. Primary objectives are to improve the statistical capabilities of students as well as their abilities to apply statistical concepts in a business setting.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Mathematics.

    Schedule Of Classes

  • ECN 250 - Microeconomic Principles

    ECN 250 - Microeconomic Principles

    3.00 credit hours

    Introduction to the theory of consumer choice, social and individual welfare, the behavior of business firms under pure competition and monopoly and applied microeconomic topics.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Social Science.
    IAI

    S3 902

    Schedule Of Classes

  • ECN 252 - Macroeconomic Principles

    ECN 252 - Macroeconomic Principles

    3.00 credit hours

    Introduction to macroeconomic theory, with emphasis on factors which explain changes in national income, unemployment and inflation. Other topics include money and banking and fiscal and monetary policies.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement; ECN 250 recommended.

    Core

    Social Science.
    IAI

    S3 901

    Schedule Of Classes

  • ECN 423 - Intermediate Microeconomics

    ECN 423 - Intermediate Microeconomics

    3.00 credit hours

    An economic analysis of consumers, firms and markets. Consumer theory includes indifference curve analysis with selected applications related to a wide range of consumer behavior. The costs and revenue decisions of the firm are analyzed within the context of standard assumptions about economic behavior.

    Prerequisite(s)


    ECN 250.

    Schedule Of Classes

  • ECN 427 - Intermediate Macroeconomics

    ECN 427 - Intermediate Macroeconomics

    3.00 credit hours

    An analysis of income, consumption, investment, interest and money in their relationships to the national economy, equilibrium and level of employment and prices.

    Prerequisite(s)


    ECN 250 and ECN 252.

    Schedule Of Classes

  • ECN 445 - Econometrics is not required but is strongly recommended

    ECN 445 - Econometrics

    3.00 credit hours

    This course provides exposure to the estimation and testing of economic models using statistical methods and appropriate empirical data. Emphasis is placed on model construction and the use of multiple linear regression for interpretation, analysis and forecasting.

    Prerequisite(s)


    ECN 250; ECN 252; ECN 241 or MTH 341 and MTH 342.

    Schedule Of Classes

Note:

* PSY 250 or MTH 342 may be substituted for ECN 241, but do not count toward the total number of required credit hours in economics.

Economics, B.S.

For additional programs and courses in this department, see Economics.

Major Requirements

At least 27 economics credit hours, including:

  • ECN 241 - Business and Economic Statistics *

    ECN 241 - Business and Economic Statistics

    3.00 credit hours

    This course is designed to provide students with the ability to apply and interpret descriptive and inferential procedures, probability distributions, statistical sampling and design, hypothesis testing and regression. Primary objectives are to improve the statistical capabilities of students as well as their abilities to apply statistical concepts in a business setting.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Mathematics.

    Schedule Of Classes

  • ECN 250 - Microeconomic Principles

    ECN 250 - Microeconomic Principles

    3.00 credit hours

    Introduction to the theory of consumer choice, social and individual welfare, the behavior of business firms under pure competition and monopoly and applied microeconomic topics.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Social Science.
    IAI

    S3 902

    Schedule Of Classes

  • ECN 252 - Macroeconomic Principles

    ECN 252 - Macroeconomic Principles

    3.00 credit hours

    Introduction to macroeconomic theory, with emphasis on factors which explain changes in national income, unemployment and inflation. Other topics include money and banking and fiscal and monetary policies.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement; ECN 250 recommended.

    Core

    Social Science.
    IAI

    S3 901

    Schedule Of Classes

  • ECN 423 - Intermediate Microeconomics

    ECN 423 - Intermediate Microeconomics

    3.00 credit hours

    An economic analysis of consumers, firms and markets. Consumer theory includes indifference curve analysis with selected applications related to a wide range of consumer behavior. The costs and revenue decisions of the firm are analyzed within the context of standard assumptions about economic behavior.

    Prerequisite(s)


    ECN 250.

    Schedule Of Classes

  • ECN 427 - Intermediate Macroeconomics

    ECN 427 - Intermediate Macroeconomics

    3.00 credit hours

    An analysis of income, consumption, investment, interest and money in their relationships to the national economy, equilibrium and level of employment and prices.

    Prerequisite(s)


    ECN 250 and ECN 252.

    Schedule Of Classes

  • ECN 445 - Econometrics

    ECN 445 - Econometrics

    3.00 credit hours

    This course provides exposure to the estimation and testing of economic models using statistical methods and appropriate empirical data. Emphasis is placed on model construction and the use of multiple linear regression for interpretation, analysis and forecasting.

    Prerequisite(s)


    ECN 250; ECN 252; ECN 241 or MTH 341 and MTH 342.

    Schedule Of Classes

Note:

* PSY 250 or MTH 342 may be substituted for ECN 241, but do not count toward the total number of required credit hours in economics.

Additional Requirements for the B.S. Degree

  • CSC 140 - Fundamentals of Computational Problem Solving or higher-level CSC course

    CSC 140 - Fundamentals of Computational Problem Solving

    3.00 credit hours

    An introduction to computing focusing on problem solving, algorithm construction, data organization and program development using Python. Topics include basic programming fundamentals and constructs such as variables and assignment statements; arithmetic, relational and logical operators; decisions and loops; modularization with functions; files; and data structures such as lists and dictionaries. Prior programming experience is not required. This course does not count toward a major in computer science, but may apply to a minor. May not be taken after successful completion of any higher level computer science course.

    Prerequisite(s)


    MTH 121 (or concurrent enrollment) or higher or appropriate placement.

    Schedule Of Classes

  • MTH 152 - Calculus II

    MTH 152 - Calculus II

    3.00 credit hours

    Continuation of Calculus I with emphasis on integration and its applications. Required for the B.S. degree in any department.

    Prerequisite(s)


    MTH 141 or MTH 151.

    Core

    Mathematics.
    IAI

    M1 900

    Schedule Of Classes

    • Mathematics above MTH 152 

Economics Minor

For additional programs and courses in this department, see Economics.

Minor Requirements

At least 18 credit hours in economics, at least three of which must be at the 400-level.

Economics Internships and Jobs

A North Central education integrates career preparation with rich academic study. Our faculty encourages you to refine and apply your knowledge in an interconnected world. Here you'll learn to think independently and work globally to solve problems and lead.

Internships

  • Public Finance Intern, Robert W. Baird and Company
  • Intern, Professional Liability Area, USLI Insurance
  • Retirement planning, Northwestern Mutual, Lombard, IL
  • Intern, finance department, OfficeMax, Naperville
  • Chicago climate exchange regulatory extern, Financial Industry Regulatory Authority, Chicago
  • Intern, International Credit Risk Management, Northern Trust

Graduate Schools

Recent graduates in economics have been accepted at:

  • Clemson University
  • University of Illinois
  • University of Iowa
  • University of Kentucky 
  • University of Oregon
  • Indiana University School of Law
  • Loyola University Chicago School of Law

Careers

Recent graduates in economics include:

  • Consultant, NFP Insurance Solutions
  • Market Intelligence Analyst, Portland Cement Association
  • Financial Analyst, Gallagher Bassett
  • Associate Wealth Management Advisor, Spahn Financial 
  • Pricing Analyst, Hub Group 
  • Data Analytics Specialist, MB Financial 

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