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Minor in Economics
The minor in economics meets the needs of students in WCAS and other undergraduate programs who seek a basic foundation in economic analysis, with formal recognition of this on their transcripts, but who are unable to complete the major. The minor requires 8 economics courses, plus Statistics 210 (or approved substitute) and Math 220 (or higher), while the major requires 12 economics courses, plus Statistics 210, Math 220, and 3 additional related courses. The minor offers training in economic theory through the intermediate level, instruction in quantitative methods of econometrics, and opportunity for advanced work in a student's particular area or areas of interest.
The requirements for a minor in economics are:
- Math 220 Differential Calculus of One Variable Functions
- Statistics 210 Introductory Statistics for the Social Sciences
- Economics 201 Introduction to Macroeconomics
- Economics 202 Introduction to Microeconomics
- Economics 281 Introduction to Applied Econometrics*
- Economics 310-1 Intermediate Microeconomics I
- Economics 310-2 Intermediate Microeconomics II
OR Economics 311 Intermediate Macroeconomics**
- 3 additional 300-level economics courses
* The Economics 281 requirement will be waived if you take Economics 381-1 as a field course.
** Students may take both 310-2 and 311 and then 2 additional 300-level economics courses
Economics 310-1 requires 201, 202, and Math 220. Nearly all 300-level field courses require 310-1, and it is usually inadvisable for a student to take 311 without having had 310-1. Statistics 210 is a prerequisite of Economics 281.
The Math 220 requirement may be fulfilled by taking Mathematics 212 and 213Single Variable Calculus I and II, or by advanced placement in mathematics, or by completion of a more advanced calculus course. It may be possible to substitute other basic courses in statistics for Statistics 210. WCAS students may double count Math 220 and Statistics 210 toward the minor and toward the distribution requirement in Formal Studies.
Majors are required to take both 310-2 and 311. Those minoring in the field can elect to pursue a microeconomic concentration by choosing 310-2, or they can elect a macroeconomic concentration by choosing 311. The field courses should be selected in consultation with an adviser to meet the student's academic and professional goals. For example, a student interested in a career in investment banking or finance might choose 311, followed by 308 Money and Banking, 362 International Finance, and 360 Corporate Finance. A student interested in history might also choose 311, followed by 323-1 or -2 Economic History of the United States, 324 Western Economic History, and 322 Global Economic History. A student interested in a general business career or in business consulting might wish to take 310-2, followed by 349 Industrial Economics, 350 Monopoly, Competition, and Public Policy, and 339 Labor Economics. These are just a few of the themes that could be developed in field courses.
To declare a minor in economics, a student must complete a Declaration of Minor form (available at the Department's Undergraduate Office, Andersen 303), and have it signed by one of our Undergraduate Advisers. At the end of the junior year or beginning of the senior year, a candidate for the minor must submit a Petition to Minor form, obtained from (and returned to) the Registrar's Office. This form must also be signed by one of our advisors.
How to Declare a Minor
- Download a worksheet to assist you in planning the courses for your major. (A hard copy can be obtained from the Economics Department office Andersen Hall room 303.)
- Collect a Weinberg College Declaration of Minor form from the Economics Department office or from the Weinberg Office of Undergraduate Studies and Advising, 1922 Sheridan Road.
- Complete both forms and then meet with an Economics Undergraduate Advisor to have your study plan reviewed and approved. The advisor will also sign your WCAS declaration of major form.
- Return the signed bottom blue copy of the WCAS form to Andersen Hall room 303 (if no one is there, slide it under the door).
- Finally, take the signed top white copy of the WCAS form to the Weinberg Office of Studies, 1922 Sheridan Road.
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