Bachelor of Science in Economics and Data Science*

The Bachelor of Science in Economics and Data Science degree is a cross-disciplinary program that provides a data analysis and data visualization focus with a strong grounding in economics. The curriculum combines core economics knowledge with an understanding of the conceptual and practical data science skills that will enable graduates to contribute to organizational decision making and efficiency. Graduates will be prepared to become economics and data science practitioners and leaders in one of the fastest growing job sectors.

Stuart School of Business is a global leader in bridging business and technology, offering distinctive education that provides students with the knowledge and skillsets to become outstanding professionals.

Economics at Illinois Tech has a prestigious history that dates back to the 1880s, with the establishment of the Armour Institute of Technology in 1890 and the Lewis Institute in 1895. Economics at Illinois Tech began at the Lewis Institute, Stuart’s original home, with some of the nation’s first courses in “Family and Consumer Science” (including “Home Economics” and “Household Management”), and the Institute’s subsequent formation of the university’s Department of Business and Economics in 1926. The merger of the Lewis Institute with the Armour Institute of Technology in 1940 brought business and technology under one entity. The Armour Institute of Technology itself was founded through the pioneering works of Philip D. Armour, a merchant financier, Julia A. Beveridge, a librarian turned public administrator, and Frank W. Gunsaulus, an entrepreneurial preacher. The Department Business and Economics ultimately grew into a separate school at Illinois Institute of Technology – the Stuart School of Business, in 1969, with a gift from Lewis Institute alum and renowned financier Harold Leonard Stuart. Harold L. Stuart himself was a national leader in the field of investment banking in the first half of the 20th century, and his Chicago investment bank played a pivotal role in establishing the city as a global financial hub, as well as financing some incredible engineering feats, including Chicago's elevated train lines.

Over a period of more than 125 years, harnessing curricular innovations by Julia A. Beveridge and George N. Carman, and incredible scholarly works by trailblazing Illinois Tech scholars Herb A. Simon (author of Administrative Behavior, later awarded the Nobel Prize in Economics), Karl Menger (developer of the St. Petersburg paradox in economics) and Abe Sklar (developer of the Copula in financial and statistical modeling), the Stuart School of Business has refined business education. A long-standing leader in curricular innovation, in 1990, building on the foundational works of numerous Illinois Tech scholars, and Harold L. Stuart’s own contributions to finance and the broader business community, the Stuart School of Business established quantitative finance as an academic discipline, with a world’s first postgraduate Master’s program in Financial Markets and Trading – a program that highlighted a new model for embedding into a postgraduate academic program the emphases on career readiness and connectedness with the business community, and transformed business school education.

The Bachelor of Science in Economics and Data Science brings together world-class faculty from the College of Computing and the Stuart School of Business, offering students an incredible opportunity to complete a core set of courses in both disciplines, with expanded access to subject matter experts from both colleges. The program builds on Stuart's and Computing's prestige and tradition of undergraduate education that prepares students to add value to any organization they may join on day 1 of their roles. This innovative cross-disciplinary program can be completed in the standard 4 years timeframe.

* indicates that this program is an Incubator Program. Please visit Incubator Programs for more information. 

Required Courses

Economics Required Courses (36)
BUS 100Introduction to Business and Economics3
BUS 102Introduction to Business Analytics3
BUS 221 Business Statistics or MATH 225 Introductory Statistics3
BUS 321Analytics for Optimization3
BUS 480Strategic Management and Design Thinking3
ECON 151Microeconomics3
ECON 152Macroeconomics3
ECON 311Intermediate Microeconomics3
ECON 312Intermediate Macroeconomics3
ECON 382Business Economics3
ECON 423Economics of Capital Investments3
Economics Elective - Choose one course3
Introduction to Accounting3
Financial Accounting3
Managerial Accounting3
Organizational Behavior3
Operation and Supply Chain Analytics3
Strategic Cost Management3
Business Law3
Topics in Entrepreneurship 3
Marketing Fundamentals3
International Finance3
Corporate Finance3
Financial Modeling 3
Financial Derivatives3
New Product Development3
Marketing Analytics3
Sales Management and Analytics3
Consumer Behavior3
Sports Economics3
Data Science Required Courses (21)
DS 151Introduction to Data Science3
DS 261Ethics and Privacy in Data Science3
DS 451Data Science Life Cycle3
ECON 251Introduction to Econometrics3
MATH 474 Probability and Statistics or MATH 476 Statistics3
Data Science Electives - Choose one course from CS and one course from AMAT, DS or STAT6
Data Mining3
Introduction to Algorithms3
Introduction to Machine Learning3
Machine Learning3
Mathematical Foundations for Data Science I3
Mathematical Foundations for Data Science II3
Introduction to Computational Mathematics3
Introduction to Mathematical Modeling3
Linear Optimization3
Introduction to Time Series3
Special Problems3
Statistical Learning3
Bayesian Computational Statistics3
Applied Computational Statistics for Analytics3
Mathematics Requirements (17)
MATH 151Calculus I5
MATH 152Calculus II5
MATH 251Multivariate and Vector Calculus4
MATH 332Elementary Linear Algebra3
Computer Science Requirements (4)
CS 115Object-Oriented Programming I2
CS 116Object-Oriented Programming II2
Students may substitute CS 115 and CS 116 for CS 201 Accelerated Intro to Computer Science (4 credits)
Natural Science and Engineering Requirements (10)
See Illinois Tech Core Curriculum, section D10
Interprofessional Projects (IPRO) (6)
See Illinois Tech Core Curriculum, section E6
Humanities and Social Science Requirements (21)
See Illinois Tech Core Curriculum, section B and C21
Free Electives (5)
Select 5 credit hours.5
Total Credit Hours120

Bachelor of Science in Economics and Data Science* Curriculum

Year 1
Semester 1Credit HoursSemester 2Credit Hours
BUS 1003BUS 1023
ECON 1513ECON 1523
CS 1152CS 1162
Humanities Elective (200 Level)3MATH 1525
MATH 1515Science Elective4
 16 17
Year 2
Semester 1Credit HoursSemester 2Credit Hours
BUS 3213BUS 221 or MATH 2253
ECON 3113ECON 3123
DS 1513DS 2613
MATH 2514MATH 3323
Science Elective3Science Elective3
 16 15
Year 3
Semester 1Credit HoursSemester 2Credit Hours
ECON 2513ECON 3823
MATH 474 or 4763Economics Elective3
DS 4513Data Science Elective3
Humanities Elective (300+)3IPRO Elective I3
Social Science Elective3Humanities Elective (300+)3
 15 15
Year 4
Semester 1Credit HoursSemester 2Credit Hours
ECON 4233BUS 4803
Data Science Elective3Free Elective3
IPRO Elective II3Humanities or Social Science Elective3
Social Science Elective (300+)3Social Science Elective (300+)3
Free Elective2 
 14 12
Total Credit Hours: 120

* indicates that this program is an Incubator Program. Please visit Incubator Programs for more information.