Bachelor of Science in Economics and Policy

The Bachelor of Science in Economics and Policy degree is an innovative cross-disciplinary program that provides students with an understanding of the analytical and policy skills they need to address key problems in public policy. The curriculum is multidisciplinary, including courses in economics, political science, statistics, econometrics, political economy, organizational theory and program evaluation. It is designed to prepare students to analyze policy issues and design effective data driven solutions. Graduates will be prepared to become leaders and managers in a wide range of fulfilling careers in the public, private, and nonprofit sectors or to pursue graduate study.

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

Economics and Policy at Illinois Tech have a prestigious history that dates back to the late 1800s, with some of the nation’s first courses in “Family and Consumer Science” (including “Home Economics” and “Household Management”), and the subsequent formation of the university’s Department of Business and Economics in 1926. The Department Business and Economics ultimately grew into a separate school at Illinois Tech – the Stuart School of Business, with a gift from university alum and renowned financier Harold Leonard Stuart. Harold L. Stuart himself was a national leader in finance in the first half of the 20th century, and his Chicago investment bank played a pivotal role in establishing the city as a global hub for business.

Over a period of more than 125 years, harnessing curricular innovations and incredible scholarly works by trailblazing Illinois Tech scholars, including 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 and the university's Department of Social Sciences at its Lewis College of Science and Letters have refined economics and policy 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 education.

The Bachelor of Science in Economics and Policy brings together world-class faculty from the Lewis College of Science and Letters 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. As with all Stuart majors, the program emphasizes co-curricular opportunities that place students on the path to self-actualization and career success. Leadership, entrepreneurship, experiential learning, positive societal impact, and connectedness to the business community, combined with a human-centered approach to student development, and an unyielding focus on student success, are core pillars of all Stuart programs. Stuart is accredited by the Association to Advance Collegiate Schools of Business (AACSB) – an accreditation achieved by fewer than 6% of business schools worldwide.

The Bachelor of Science in Economics and Policy builds on Stuart's and Lewis's prestige in economics and the social sciences, as well as a tradition of impactful undergraduate education that leads to career success for graduates. The innovative program, which offers students both economics and policy perspectives, requires the successful completion of 126 credit hours.

Required Courses

Required Economics Courses (72)
BUS 100Introduction to Business and Economics3
BUS 102Introduction to Business Analytics3
BUS 221Business Statistics3
BUS 321Analytics for Optimization3
BUS 480Strategic Management and Design Thinking3
ECON 151Microeconomics3
ECON 152Macroeconomics3
ECON 251Introduction to Econometrics3
ECON 311Intermediate Microeconomics3
ECON 312Intermediate Macroeconomics3
ECON/BUS 382Business Economics3
ECON 423Economics of Capital Investments3
Required Policy Courses
PS 200American Government3
PS 232Democracy, Dictatorship, and Development3
PS 306Politics and Public Policy3
PS 313Comparative Public Policy3
PS 360Global Political Economy3
SSCI 204States, Markets, and Society3
SSCI 355Regional Economic Development3
SSCI 389Urban Planning Analysis3
SSCI 486Program Evaluation3
or PS 408 Methods of Policy Analysis
SSCI 480Introduction to Survey Methodology3
SSCI 381Computational Social Science3
or PS 332 Politics of Science and Technology
or PHIL 360 Ethics
Policy Elective - choose one course3
Environmental Politics and Policy3
Energy Policy3
Comparative Health Systems3
Urban Policy3
Innovation Policy3
Public Service Internship3
Mathematics Requirements (4)
MATH 148Preparation for Calculus4
or MATH 151 Calculus I
or MATH 191 Business Calculus
or MATH 192 Finite Mathematics
Natural Science and Engineering Requirements (10)
See Illinois Tech Core Curriculum, section D10
Computer Science Requirement (2)
CS 105Introduction to Computer Programming2
or CS 110 Computing Principles
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 Policy Curriculum

Year 1
Semester 1Credit HoursSemester 2Credit Hours
BUS 1003BUS 1023
ECON 1513BUS 2213
PS 2003ECON 1523
Humanities Elective (200+)3PS 2323
MATH 148, 151, or 1924CS 110 or 1052
 16 14
Year 2
Semester 1Credit HoursSemester 2Credit Hours
BUS 3213ECON 3123
ECON 3113PS 3063
PS 3133PS 3603
SSCI 2043Social Science Elective3
Science Elective4Science Elective3
 16 15
Year 3
Semester 1Credit HoursSemester 2Credit Hours
ECON 2513ECON 3823
PS 332, PHIL 360, or SSCI 3813SSCI 3553
SSCI 480 or 3863SSCI 3893
Social Science Elective (300+)3Humanities Elective (300+)3
Science Elective3IPRO Elective I 3
 15 15
Year 4
Semester 1Credit HoursSemester 2Credit Hours
ECON 4233BUS 4803
PS 408 or SSCI 4863Policy Elective3
IPRO Elective II3Humanities or Social Science Elective3
Social Science Elective (300+)3Free Elective 2
Free Elective3Humanities Elective (300+)3
 15 14
Total Credit Hours: 120