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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 220-1 (or higher), while the major requires 12 economics courses, plus Statistics 210, Math 220-1, 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 220-1. 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 220-1 requirement may be fulfilled by taking Mathematics 218-1 and 218-2 Single-Variable Calculus with Precalculus, 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 220-1 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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