Economics

ECONOMICS
Economics students study a substantial core of economic theory and mathematical and statistical methods. The required core courses may be combined with electives in a general economics major program especially suitable for students who plan to enter law school or other specialized programs emphasizing areas such as applied economics, environmental economics, public policy, political economy, international economics, third world issues and economic development, and quantitative methods.

The economics curriculum begins at the introductory level; no specific high school preparation is required. All students who major in economics are required to take the following Economics courses:

    * 1 Introduction to Microeconomics
    * 2 Introduction to Macroeconomics
    * 11A and 11B* Math Methods for Economists
    * 100A or (100M) Intermediate Microeconomics
    * 100B or (100N) Intermediate Macroeconomics
    * 113 Introduction to Econometrics
    * Applied Math & Statistics 5* Statistics
    * Five (5) (FOUR if fall 2013 & after) additional upper-division courses (including 3 from this list**)
      (not including 104, 191, 192, 193, 197 and 198).
    * The comprehensive examination is also required for graduation.

*Math 11A, 11B and 22 (or 23A) or Math 19A, 19B and 22 (or 23A) are equivalents to Economics 11A and 11B. If you have taken Math 11A/B and 22 (or 23A) or Math 19A/B and 22 (or 23A) you do not need to take Econ 11A and 11B. Econ 11A/11B and Applied Math & Statistics AMS 11A/11B are the same course.

**Students must include at least 3 from the following list:

    * 105 (Topics in Macroeconomic Theory)
    * 106 (Evolutionary Thought in the Social Sciences)
    * 107 (Economic Justice)
    * 108 (Business and Society)
    * 109 (Business Ethics)
    * 114 (Advanced Quantitative Methods)
    * 120 (Economic Development)
    * 121 (Economic Growth)
    * 125 (Economic History of the U.S.)
    * 126 (Why Economies Succeed or Fail)
    * 128 (Poverty and Public Policy)
    * 130 (Money and Banking)
    * 137 (Performing Arts in the Public and Private Economy)
    * 140 (International Trade)
    * 141 (International Finance)
    * 142 (Advanced Topics in International Finance)
    * 143 (Policy Issues in the International Economy)
    * 148 (Latin American Economies)
    * 149 (The Economies of East and Southeast Asia)
    * 150 (Public Finance)
    * 152 (Setting Domestic Priorities)
    * 153 (Cost-Benefit Analysis)
    * 156 (Health Care and Medical Economics)
    * 157 (Economics of Aging)
    * 159 (The Economics of Organizations)
    * 160A (Industrial Organization)
    * 160B (Government and Industry)
    * 165 (Economics as an Experimental Science)
    * 166A (Game Theory and Applications I)
    * 166B (Game Theory and Applications II)
    * 169 (Economic Analysis of the Law)
    * 170 (Environmental Economics)
    * 171 (Natural Resource Economics)
    * 175 (Energy Economics)
    * 180 (Labor)
    * 183 (Women in the Economy)
    * 184 (Labor Wars in Theory and Film)
    * 185 (Value/Support of the Arts: Challenges & Opportunities in American Society)
    * 189 (Political Economy of Capitalism)
    * 190 (Senior Proseminar)
    * 195 (Senior Thesis)
    * 199 (Tutorial)

Courses 104, 191, 192, 193, 193F, 197, 198, and 198F may not be used to meet major requirements. Either course 195 or 199 may be used to fill one of the five (FOUR if fall 2013 & after) upper-division major requirements.

Additional Requirements:  Disciplinary Communication (DC)
Students of every major must satisfy that major’s upper-division Disciplinary Communication (DC) requirement.  The DC requirement in economics is satisfied by completing ECON 197, Economic Rhetoric, or ECON 104, Is There Truth in Numbers: The Role of Statistics in Economics.

Mathematics requirement: Successful completion of Economics 11A and 11B, Mathematical Methods for Economists (or equivalent; two quarters) and Applied Mathematics and Statistics (AMS) 5, Statistics, is required of all economics majors. Economics 11A and 11B are prerequisite to Economics 100A/M, Intermediate Microeconomics and 100B/N, Intermediate Macroeconomics. Economics 11B and AMS 5 are prerequisite to Economics 113, Introduction to Econometrics. Therefore, students are advised to take Economics 11A-B or its equivalent as early as possible in their undergraduate career. Mathematics 11A-B, Calculus with Applications (two quarters) with Mathematics 22, Introduction to Calculus of Several Variables or Mathematics 19A-B, Calculus for Science, Engineering, and Mathematics (two quarters) with Mathematics 22, Introduction to Calculus of Several Variables are acceptable equivalents to Economics 11A-B.  AMS 7, Statistical Methods for the Biological, Environmental, and Health Sciences, is an acceptable equivalent to AMS 5.  Students planning to do graduate work in economics or business should seriously consider more intensive mathematical training (consult adviser). Students who are committed to the major early in their academic career should plan to complete Economics 1, 2, 11A, 11B, and AMS 5 by the end of their sophomore year.

Students planning to do graduate work in economics or business should seriously consider additional work in mathematics. A suggested program would include the following: Economics 1, 2; Mathematics 11A-B or 19A-B, 21, 22, 24; Economics 100A/M, 100B/N, 113, 114, 115, and three other upper-division courses in economics.

COMPREHENSIVE REQUIREMENT
A comprehensive examination is required of all business management economics, economics, global economics or economics/mathematics majors.  (Please see other options for economics/mathematics combined majors under that listing.)

The comprehensive requirement may be satisfied in one of the following ways:

   1. The Economics Comprehensive Examination: By completing Economics 100A/M, 100B/N, and 113 with grades of “C” or better. Students are allowed two attempts to pass these courses. Students who fail these courses should arrange to retake them within two quarters of their initial attempt.

   2. Senior Thesis: A senior thesis may be offered to meet the comprehensive exam. A student proposing to write a senior thesis must find a faculty advisor and enroll in Economics 195. A copy of the senior thesis must be submitted to the Economics Department to be kept on file for student reference.