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 unofficial transcript (from your access) 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:

ECO 108 (Cannot be taken after 207)
ECO 207 or ECO 207H
ECO 209 or ECO 209H
ECO 230 (or equivalent - STT 213 or MTH 203)
ECO 231W
4 Economics electives
2 Allied Field Courses

Completion of the calculus requirement
Completion of the upper-level writing requirement (2 of the above courses must be taken for W credit).

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.

ECO 108 (Cannot be taken after 207)
ECO 207H
ECO 208
ECO 209H
ECO 230 (or equivalent - STT 213 or MTH 203)
ECO 231W
ECO 389W
3 Economics electives
2 Allied Field Courses

Completion of the calculus requirement
Completion of the upper-level writing requirement (2 of the above courses must be taken for W credit).
An average grade in ECO 207H, 208, 209H, 389W must be at least 3.3.
An average grade in all ECO courses taken must be at least 3.0.

See: suggested course schedule for planning purposes


Requirements for a Concentration in Financial Economics


ECO 108 (Cannot be taken after 207)
ECO 207 or ECO 207H
ECO 209 or ECO 209H
ECO 230 or (or equivalent - STT 213 or MTH 203)
ECO 231W
FIN 205 (1st semester of Simon School sequence)
MTH 210 or MTH 210H (Intro to Financial Mathematics) must be taken prior to FIN 206
FIN 206 (2nd semester of Simon School sequence)
ACC 201
ACC 221
3 Economics electives (1 of which must be either: ECO 211, ECO 217, ECO 232, ECO 233, ECO 263, ECO 268, ECO 270, ECO 274)

FIN 204 cannot be used for the completion of this degree.
Completion of the calculus requirement
Completion of the upper-level writing requirement (2 of the above courses must be taken for W credit).

See: suggested course schedule for planning purposes


Requirements for a Concentration in Financial Economics with Honors


ECO 108 (Cannot be taken after 207)
ECO 207H
ECO 208
ECO 209H
ECO 230 (or equivalent - STT 213 or MTH 203)
ECO 231W
ECO 389W
FIN 205 (1st semester of Simon School sequence)
MTH 210 or MTH 210H (Intro to Financial Mathematics) must be taken prior to FIN 206
FIN 206 (2nd semester of Simon School sequence)
ACC 201
ACC 221
2 Economics electives (1 of which must be either: ECO 211, ECO 217, ECO 232, ECO 233, ECO 263, ECO 268, ECO 270, ECO 274)

Completion of the calculus requirement
Completion of the upper-level writing requirement (2 of the above courses must be taken for W credit).
An average grade in ECO 207H, 208, 209H, 389W must be at least 3.3.
An average grade in all ECO courses taken must be at least 3.0.

See: suggested course schedule for planning purposes


Requirements for a Major in Economics and Business Strategy


NOTE: THIS MAJOR WILL NOT BE AVAILABLE TO STUDENTS IN THE CLASS OF 2014 AND LATER. PLEASE SEE THE NEW BUSINESS MAJOR FOR STUDENTS INTERESTED IN A SIMILAR CURRICULUM.

      ECO 108 (Cannot be taken after 207) --Introduction to Economics
      ECO 207 (or ECO 207H)--Intermediate Microeconomics
      ECO 209 (or ECO 209H)--Intermediate Macroeconomics
      ECO 230 (or STT 213 or MTH 203)--Economic Statistics
      ECO 231W--Econometrics
      ECO 251--Industrial Organization: Theory and Evidence

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

Path A: Organizations and Markets

      ECO 288--Introduction to Game Theory
      ECO 274--Economics of Market Design
      ECO 217--Contracts, Organizations, and Markets
      OMG201 or 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

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)

See: suggested course schedule for planning purposes

Requirements for a Major in Economics and Business Strategy With Honors


NOTE: THIS MAJOR WILL NOT BE AVAILABLE TO STUDENTS IN THE CLASS OF 2014 AND LATER. PLEASE SEE THE NEW BUSINESS MAJOR FOR STUDENTS INTERESTED IN A SIMILAR CURRICULUM.

  1. ECO 108 (Cannot be taken after 207) --Introduction to Economics
  2. ECO 207H--Honors Intermediate Micro
  3. ECO 208--Topics in MicroEconomic Theory
  4. ECO 209H--Honors Intermediate Macro
  5. ECO 230 (or STT 213 or MTH 203)--Economic Statistics
  6. ECO 231W--Econometrics
  7. ECO 251--Industrial Organization: Theory and Evidence

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

Path A: Organizations and Markets

  1. ECO 288--Introduction to Game Theory
  2. ECO 274--Economics of Market Design
  3. ECO 217--Contracts, Organizations, and Markets
  4. OMG201 or OMG 231--Operations Management or STR 421--Economics of Competitive

Strategies (with instructor permission)
or

(Path B) Methods for Market Analysis

  1. MKT 203--Principles of Marketing
  2. MKT 213--Marketing Projects and Cases, or MKT 414--Pricing Policies (with instructor permission)
  3. STT 221W--Sampling Design
  4. 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

  1. ECO 389W--Senior Research Seminar

Calculus Requirement

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

An average grade in ECO 207H, 208, 209H, 389W must be at least 3.3.
An average grade in all ECO courses taken must be at least 3.0.

See: suggested course schedule for planning purposes


Further Program Details and Clarifications

  1. Calculus Requirement
    • Mastery of 1 year of calculus (succesful completion of 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.

  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.

    • The calculus requirement is exempt from the overlap rule.


  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.
    • The only Simon School courses that can be used as Economics electives are those Simon School courses that are cross-listed as Economics (Eco) courses, Fin 205, and Fin 206. Fin 204 cannot be used for Economics elective credit.
    • 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.

  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 (FIN204/FIN 205/FIN 206 may NOT be used as Allied Field Courses. Fin205 and Fin 206 can be used as 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.