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Economics Minor

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.

Minor Requirements

* 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 213 Single 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.

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