Minor Information

• ECON 1 and ECON 10, with an average grade no lower than C
• MATH 3 (or ECON 3)

These prerequisite courses introduce students to the economic way of thinking.

"The Price System" (ECON 1) is an in-depth introduction to microeconomics, studying supply and demand in both product and factor markets. ECON 10, "Introduction to Statistical Methods," introduces the student to the basic concepts and methods of statistics. MATH 3, "Introduction to Calculus," introduces the basic ideas of differential and integral calculus. For students who place into MATH 1, the MATH 3 pre-requisite can be satisfied with ECON 3, offered in the Winter term, which covers much of the same material but focuses on economic applications of calculus.

The emphasis in the prerequisites is on fundamental ideas and problem solving. ECON 10 and MATH 3 are included in this classification because of the importance of quantitative skills in analyzing basic economic phenomena.

A student who fails to achieve the minimum grade average for the prerequisites may, with the permission of the vice chair, substitute grades in ECON 21 and ECON 20 for those in ECON 1 and ECON 10, respectively. Another statistics course may be substituted for ECON 10 with permission of the vice chair.  Newly declared Econ Majors who have not previously satisfied this requirement must take Econ 10.

Six courses in addition to the prerequisites, with a GPA for these six courses of no less than 2.0. The six courses must include the following:

1. ECON 20, ECON 21, and ECON 22
2. A culminating experience class and its prerequisites. This implies choosing a 3-course sequence from among the following:

• ECON 62, with prerequisites ECON 32 and ECON 29
• ECON 64, with prerequisites ECON 24 and either ECON 27 or ECON 39
• ECON 65, with prerequisites ECON 25 and ECON 35
• ECON 66, with prerequisites ECON 26 and ECON 36
• ECON 67, with prerequisites ECON 27 and either ECON 24 or ECON 28 or ECON 37
• ECON 68, with prerequisites ECON 28 and ECON 38
• ECON 69, with prerequisites ECON 29 and ECON 39
• Honors via the 80-81-82 sequence (see below)

NOTES: The courses numbered 62-69 are identical to corresponding course numbers 42-49 in the period before Winter 2020 and satisfy the same requirements.

This set of minor requirements first went into effect for the class of 2024.  These requirements are also acceptable for earlier classes.  If this is your first time declaring an economics minor you should start here regardless of your class year.  Students entering before 2020 have the option of fulfilling the minor requirements under the ORC when they matriculated.  Follow this link to an archived description of the older minor requirements .  The majority of minor declarations will satisfy both the old and new requirements.

Click here for the Economics Minor Worksheet