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Requirements

Declaring the Majors

Economics Major

Students can be signed into the major by the department chair after showing evidence that they have completed or are enrolled in an economics class at the College. First-year students cannot be signed in until their second semester at the College. Students must be signed in by the fall of their third year. All students who wish to major in economics must have completed Econ 199 or ECON 111 and ECON 112, and Calculus 1 by the end of their second year.

Accounting Major Applications

Students interested in accounting should enroll in ACCT 181 Financial Accounting during the fall semester of their first or second year. Each fall, first- and second-year students who are enrolled in or have completed ACCT 181 may request permission to take the spring offering of ACCT 277 – Intermediate Accounting I. During the semester that students are enrolled in ACCT 277, the department will solicit applications for the accounting major. Prospective majors will submit an application form which includes an unofficial transcript. The major application process places special emphasis on the applicants’ performance in accounting and related coursework (mathematics, economics).

Economics Major Requirements

Students interested in majoring in economics are required to take the following minimum 9 courses within the department, in addition to a year of Calculus (in the math department). The College Catalog is the final authority on college and department policy. The Catalog should always be consulted when planning your curriculum.

Required courses for the Class of 2018, 2019, or 2020

  • ECON 111 Principles of Macroeconomics
  • ECON 112 Principles of Microeconomics
  • ECON 249 Statistics
  • ECON 255 Microeconomics
  • ECON 256 Macroeconomics
  • Four electives in Economics department
    • At least three of these elective courses must be 300-level electives
  • One year of college calculus, or the equivalent.

Required courses for the Class of 2021 and beyond

  • ECON 199 Principles of Economics
  • ECON 249 Statistics
  • ECON 255 Microeconomics
  • ECON 256 Macroeconomics
  • ECON 299 Computational Methods: Microeconomics OR ECON 299 Computational Methods: Macroeconomics
  • Four electives in Economics department
    • At least three of these elective courses must be 300-level electives
  • One year of college Calculus, or the equivalent.

All majors are encouraged to enroll in the MATH 133-134 or the MATH 135-136 sequence in the first year. An acceptable alternative is a minimum score of 4 on all sections of the AP Calculus BC exam.

Recommended Course of Study for the Classes of 2018, 2019, and 2020

  • First Year: Take ECON 111 Principles of Macroeconomics OR ECON 112 Principles of Microeconomics and a Calculus course in the fall. Take the other Principles course and the second Calculus course (if needed) in the spring. It is very important to take Calculus in the first year so the required intermediate required courses be taken in the second (or third) year. Taking calculus early is especially important for students planning on studying abroad junior year.
  • Second and Third Year: Take ECON 249 Statistics, ECON 255 Microeconomics, ECON 256 Macroeconomics, and a lower level elective. If planning on studying abroad, make sure to take Microeconomics before you leave for your program.
  • Fourth Year: Take unfilled requirements and take the minimum three upper-level electives. Note that upper level electives are typically only available to fourth year students.

Recommended Course of Study for the Class of 2021 and Beyond

  • First Year: Take ECON 199 Principles of Economics and a Calculus course in the fall. Take ECON 249 Statistics or a 200-level ECON elective and the second Calculus course (if needed) in the spring. If you complete the second semester of calculus in the fall semester, ECON 255 Microeconomics or ECON 256 Macroeconomics may be taken in the spring. It is very important to take Calculus in the first year so the required intermediate courses be taken in the second (or third) year. Taking calculus early is especially important for students planning on studying abroad junior year.
  • Second Year: Take at least two courses among ECON 249 Statistics, ECON 255 Microeconomics, ECON 256 Macroeconomics, and a 200-level elective. If planning on studying abroad, make sure to take Microeconomics before you leave for your program.
  • Third Year: You should have completed ECON 249 Statistics, ECON 255 Microeconomics, and ECON 256 Macroeconomics by the end of the fall semester. Take ECON 299 Computational Methods: Microeconomics or ECON 299 Computational Methods: Macroeconomics once you have completed ECON 249, ECON 255, and ECON 256.
  • Fourth Year: Take unfilled requirements and take the minimum three upper-level electives. Note that upper-level electives are typically only available to fourth-year students.

Notes

  • Majors may elect to take up to 14 total courses in the department (including ACCT courses).
  • Majors may take up to two economics courses at other institutions including consortium schools, summer school, and study abroad. Microeconomics (ECON 255), Macroeconomics (ECON 256), and Computational Methods (ECON 299) must be taken at Holy Cross. Statistics (ECON 249) may only be taken at another institution if the coverage is similar and includes an introduction to regression analysis.
  • Students may use advanced placement (AP) credit for Principles of Macroeconomics (ECON 111), Principles of Microeconomics (ECON 112), or Statistics (ECON 249) by earning a score of 4 or 5 on the appropriate exam. Students may use advanced placement (AP) credit for Principles of Economics (ECON 199) by earning a score of 4 or 5 on both the Microeconomics and Macroeconomics exam. Students who elect to apply AP credit must still take 9 courses in economics, and so must take additional electives in place of the principles or statistics course(s).
  • Many economics majors enroll in courses offered by the department's Accounting faculty members (designated by ACCT). Although these courses do not fulfill any major requirements, they provide an excellent complement to a student's economics program.
  • Students may participate in the department's Honors program.
  • If planning on studying abroad or participating in the Washington Program, make sure to plan your course of study carefully. See the study abroad and Washington Program pages for guidance.

Accounting Major Requirements

Students majoring in accounting at Holy Cross are required to take the following course sequence within the department. Students at Holy Cross enroll in four courses each semester and must fulfill certain distribution requirements. This program listing features accounting major requirements only. The College Catalog is the final authority on college and departmental policy. The Catalog should always be consulted when planning your curriculum.

The Recommended Program

The First Year

  • ACCT 181 Financial Accounting (prospective majors must take this course in the fall of their first or second year)
  • ACCT 277 Intermediate Accounting I with Excel accounting lab (course may also be completed spring of a student's second year) 
  • One semester of college calculus, or the equivalent.
    • Majors are encouraged to enroll in Math 135 or the equivalent.
    • Acceptable alternative is a minimum score of 4 on all sections of the AP Calculus AB exam

The Second Year

  • ACCT 278 Intermediate Financial Accounting II with computer lab
  • ECON 199 Principles of Economics
  • ECON 249 Statistics or one of the Accounting electives

The Third Year

  • ACCT 282 Auditing
  • ECON 292 Federal Income Taxation
  • ACCT 390 Advanced Accounting
  • One (or more) Accounting (ACCT) electives or Statistics if not yet taken

The Fourth Year

  • ACCT 387 Business Law I
  • ACCT 388 Business Law II
  • ACCT 389 Cost Accounting
  • One (or more) Accounting (ACCT) electives or Statistics if not yet taken

Elective Courses

Accounting majors must take a minimum of two additional courses in the Economics and Accounting Department (designated either ECON or ACCT) as electives.

Students typically take Corporation Finance, Accounting Information Systems, Financial Markets and Institutions, Operations Research, Taxation of Entities or Ethics as electives during their program. Many students choose to enroll in electives offered by the economics faculty to fulfill their requirements and pursue a specialized interest.

Accounting majors may take no more than 16 courses in the economics and accounting department (designated ECON or ACCT) unless they also have 16 courses outside the department.

The 150 Hour Requirement

As of January 2000, the majority of state boards of public accountancy have adopted the 150 hour requirement. The 150 hour requirement mandates that candidates for the certified public accountant (CPA) license complete additional college courses prior to sitting for the CPA examination. Most states permit the candidate to use undergraduate or graduate credits to fulfill the requirements. Students graduating from Holy Cross complete 128 credit hours under the standard college program.

As an exclusively undergraduate institution, Holy Cross does not provide an opportunity to complete graduate courses on campus. Currently, Holy Cross students are using a variety of approaches to meet the 150 hour requirements. Some students in the program have enrolled in summer school courses while others have taken additional courses at Holy Cross in an effort to progress toward fulfillment of the 150 hour requirement. Faculty advisors in the department can also advise students interested in identifying graduate programs leading to completion of the 150 hour requirement.

Majors interested in a career in public accounting are urged to consult their faculty advisors to develop an appropriate plan of action early in their program.

Questions about the major? Contact Professor Karen Teitel, accounting coordinator in the department.