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Economics Homepage

Economics Department Undergraduate Program

Requirements for Majors

The Economics Department offers concentrations in Economics and Financial Economics. Students looking for a more enriched curriculum have the opportunity to take either program for Honors. For admission to our concentrations, students must achieve a grade point average of C or better in at least 3 of the following courses: Eco 108, Eco 207, Eco 209, Eco 230, 1 semester of calculus. For students placing out of any of the above courses, suitable adjustment will be made. Courses taken for pass/fail credit will not provide concentration credit.

Please Note:
When Declaring Your Major: You must print a copy of your transcript and bring it with you. AN ADVISOR WILL NOT SIGN YOUR FORM WITHOUT YOUR TRANSCRIPT.
Please note the Overlap Policies pertaining to majors, double majors, minors, and clusters.

Requirements for a Concentration in Economics

The following courses are required to fulfill a concentration in economics:

See: suggested course schedule for planning purposes

Requirements for a Concentration in Economics with Honors

Students seeking an enriched curriculum can pursue a concentration with Honors. The Honors Program requires additional coursework, as well as enrollment in "Honors" designated courses. Honors graduates will also write a research paper in Senior Seminar.

See: suggested course schedule for planning purposes

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Requirements for a Concentration in Financial Economics

See: suggested course schedule for planning purposes

Requirements for a Concentration in Financial Economics with Honors

See: suggested course schedule for planning purposes

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Requirements for a Major in Economics and Business Strategy

Six core courses in microeconomics, macroeconomics, statistics, econometrics, and industrial organization

ECO 108--Introduction to Economics
ECO 207 (or ECO 207H)--Intermediate Microeconomics
ECO 209 (or ECO 209H)--Intermediate Macroeconomics
ECO 230 (or STT 213/ MTH 203)--Economic Statistics
ECO 231W--Econometrics
ECO 251--Industrial Organization: Theory and Evidence

Specialized track of four advanced courses, Choose Organizations and Markets (Path A), or Methods for Market Analysis (Path B)

Path A: Organizations and Markets

ECO 288--Introduction to Game Theory
ECO 274--Mathematical Tools in Economics (new Economics course)
ECO 217--Contracts, Organizations, and Markets
OMG 231--Operations Management or STR 421--Economics of Competitive Strategies (with instructor permission)

or

Path B: Methods for Market Analysis

MKT 203--Principles of Marketing
MKT 213--Marketing Projects and Cases, or MKT 414--Pricing Policies (with instructor permission)
STT 221W--Sampling Design
ECO 233--Applied Econometrics (new course)

Three elective courses

Choose from Economics electives, 200-level or above Simon electives, or from two Psychology courses (PSY 264--Industrial and Organizational Psychology, PSY 364--Achievement and Motivation, or new 200-level Philosophy course in Business Ethics)

Calculus Requirement
Upper Level Writing Credit (2 of the above courses must be taken for W credit)

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Requirements for a Major in Economics and Business Strategy With Honors

Seven core courses in microeconomics, macroeconomics, statistics, econometrics, and industrial organization

ECO 108--Introduction to Economics
ECO 207H--Honors Intermediate Micro
ECO 208--Topics in MicroEconomic Theory
ECO 209H--Honors Intermediate Macro
ECO 230 (or STT 213/ MTH 203)--Economic Statistics
ECO 231W--Econometrics
ECO 251--Industrial Organization: Theory and Evidence

Specialized track of four advanced courses, Choose Organizations and Markets (Path A), or Methods for Market Analysis (Path B)

Path A: Organizations and Markets

ECO 288--Introduction to Game Theory
ECO 274--Mathematical Tools in Economics (new Economics course)
ECO 217--Contracts, Organizations, and Markets
OMG 231--Operations Management or STR 421--Economics of Competitive

Strategies (with instructor permission)
or

Path B: Methods for Market Analysis

MKT 203--Principles of Marketing
MKT 213--Marketing Projects and Cases, or MKT 414--Pricing Policies (with instructor permission)
STT 221W--Sampling Design
ECO 233--Applied Econometrics (new course)

Two elective courses

Choose from Economics electives, 200-level or above Simon electives, or from two Psychology courses (PSY 264--Industrial and Organizational Psychology, PSY 364— Achievement and Motivation or new 200-level Philosophy course in Business Ethics)

Research paper

ECO 389W--Senior Research Seminar

Calculus Requirement

Upper Level Writing Credit (2 of the above courses must be taken for W credit)

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Further Program Details and Clarifications

1. Calculus Requirement
• Completion of 1 year of calculus (Mth 143, Mth 162, Mth 172 or equivalent).
• If you take Mth 141 you will need to take a total of three semesters of calculus (Mth 141, 142, and 143). The minimum requirement is that you complete through Mth 143.
• It is advised that you fulfill your Math requirement as early as possible.
• Students considering graduate work in economics should plan additional training (see: Mathematics Training for Students Interested in Economics.)
• Students can substitute transfer courses if the Mathematics Department determines that the transfer course is comparable to UR calculus offerings.



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2. Overlap Policies


• No more than 3 courses between a major and a separate/double major.


• No more than 2 courses between a minor and a major.


• No more than one course between a cluster and a major or a minor.



3. Elective Economics Courses


• Courses that count towards the concentration may not be taken pass/fail or S/F.
• If you do not get credit for Eco 108, then you must take an additional 200-level course in its place.
• Eco 394 Internship does not count as an elective for the major.
• Eco 230 (Economic Statistics) does not count as an elective for the major.
• Finance 205 and Finance 206 are the only two Undergraduate Simon School courses that can be used as electives.
• Economics courses at other institutions can count as electives only if they have a pre-requisite of introductory microeconomics or introductory macroeconomics.
• Eight credit courses count as one elective.
• Graduate economic classes (400-level courses and above) count as electives. You must obtain permission from the instructor to take a graduate level course.
• Students enrolled in the Simon School 3/2 program may use up to 2 economics based graduate level Simon courses to fulfill their concentration requirements.
• Eco 390 can be used once as an elective course.



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4. Allied Field Courses
• Students are required to complete two 200-level (or above) courses in the same Allied Field. Courses that can be counted as ECO electives may NOT be used as Allied Field courses.
• Acceptable Allied Fields:
  • Anthropology
  • Computer science
  • History
  • Mathematics (above 172)
  • Political science
  • Psychology
  • Sociology
  • Statistics (Stat courses required for the concentration or that overlap with ECO 230 can not be used)
  • Simon School Courses (FIN 205/FIN 206 may NOT be used, as they are ECO electives)
• Students may use two courses from different allied fields that have a coherent connection to each other and to the study of economics. Students must petition the department for approval of the courses.
• Statistics courses that are required for economics concentration, or that overlap with Eco 231, do not count toward the allied-field requirement.


5. Upper Level Writing Requirement
• students must complete two "W" courses offered by the Economics Department. Normally, one of these will be Eco 231W. Independent Study and Internship courses can be taken for W credit with permission of the instructor.

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