Campuses:
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Twin Cities Campus
Economics MinorEconomics
College of Liberal Arts
Economics is a useful minor for students majoring in business, engineering, statistics, computer science, mathematics, and all of the social sciences. Minors are available in six subfields: general, economic theory, econometrics, international trade and development, applied microeconomics and monetary theory. All subfields are designed to complement study in other academic disciplines.
Program Delivery
This program is available:
Admission Requirements
ECON 1101 & 1102 are basic pre-requisites for all upper-division ECON coursework.
For information about University of Minnesota admission requirements, visit the
Office of Admissions
website.
Required prerequisites
Preparatory Courses
ECON 1101 - Principles of Microeconomics
[SOCS, GP]
(4.0 cr)
ECON 1102 - Principles of Macroeconomics
(4.0 cr)
Minor Requirements
The minor consists of 8 credits of lower division coursework, and 17-35 credits of upper division coursework, dependent on the chosen subfield. This includes a minimum of 3 upper division ECON courses and supporting work in mathematics and/or statistics, where applicable. At least 9 upper-division ECON credits must be taken in residency at the University of Minnesota - Twin Cities campus.
Students may receive no more than one undergraduate degree from the Department of Economics: a BA or a BS or a minor.
Program Sub-plans
Students are required to complete one of the following sub-plans.
General
Take a total of 17 sub-plan credits. No substitutions are permitted. All minor coursework must be taken A-F. Successful completion of the courses listed here constitutes satisfaction of the requirements for a minor in general economics.
General Requirements
Take exactly 2 course(s) totaling exactly 8 credit(s) from the following:
·
MATH 1142 - Short Calculus
[MATH]
(4.0 cr)
or
MATH 1271 - Calculus I
[MATH]
(4.0 cr)
or
MATH 1371 - CSE Calculus I
[MATH]
(4.0 cr)
or
MATH 1571H - Honors Calculus I
[MATH]
(4.0 cr)
·
ECON 3101 - Intermediate Microeconomics
(4.0 cr)
Electives
Only one country/area course may count toward the minor.
Take 3 or more course(s) totaling 9 or more credit(s) from the following:
·
ECON 3xxx
·
ECON 4xxx
Economic Theory
Take a total of 27-28 sub-plan credits. No substitutions are permitted. All minor coursework must be taken A-F. Only one country/area course may count toward the minor. Successful completion of the courses listed here constitutes satisfaction of the requirements for a minor in economic theory.
Economic Theory Requirements
Take exactly 7 course(s) totaling 27 - 28 credit(s) from the following:
·
MATH 2243 - Linear Algebra and Differential Equations
(4.0 cr)
·
MATH 2263 - Multivariable Calculus
(4.0 cr)
·
ECON 3101 - Intermediate Microeconomics
(4.0 cr)
·
ECON 3102 - Intermediate Macroeconomics
(4.0 cr)
·
MATH 1142 - Short Calculus
[MATH]
(4.0 cr)
or
MATH 1271 - Calculus I
[MATH]
(4.0 cr)
or
MATH 1371 - CSE Calculus I
[MATH]
(4.0 cr)
or
MATH 1571H - Honors Calculus I
[MATH]
(4.0 cr)
·
MATH 1272 - Calculus II
(4.0 cr)
or
MATH 1572H - Honors Calculus II
(4.0 cr)
·
ECON 4113 {Inactive}
(4.0 cr)
or
ECON 4731 {Inactive}
(3.0 cr)
Econometrics
Take a total of 35 sub-plan credits. No substitutions are permitted. All minor coursework must be taken A-F. Successful completion of the courses listed here constitutes satisfaction of the requirements for a minor in econometrics.
Econometrics Requirements
Take the following 6 courses for a total of 24 credits.
MATH 2243 - Linear Algebra and Differential Equations
(4.0 cr)
ECON 3101 - Intermediate Microeconomics
(4.0 cr)
ECON 3102 - Intermediate Macroeconomics
(4.0 cr)
ECON 4261 - Introduction to Econometrics
(4.0 cr)
MATH 1142 - Short Calculus
[MATH]
(4.0 cr)
or
MATH 1271 - Calculus I
[MATH]
(4.0 cr)
or
MATH 1371 - CSE Calculus I
[MATH]
(4.0 cr)
or
MATH 1571H - Honors Calculus I
[MATH]
(4.0 cr)
MATH 1272 - Calculus II
(4.0 cr)
or
MATH 1572H - Honors Calculus II
(4.0 cr)
Theory of Statistics
Take one of the following course pairs for a total of 8 credits:
Directed Study
Take exactly 3 credit(s) from the following:
·
ECON 3993 - Directed Studies
(1.0-3.0 cr)
International Trade and Development
Take a total of 20-23 sub-plan credits. No substitutions are permitted. All minor coursework must be taken A-F. Only one country/area course may count toward the minor. Successful completion of the courses listed here constitutes satisfaction of the requirements for a minor in international trade and development.
Calculus
Take 1 of the following courses for 4 credits.
MATH 1142 - Short Calculus
[MATH]
(4.0 cr)
or
MATH 1271 - Calculus I
[MATH]
(4.0 cr)
or
MATH 1371 - CSE Calculus I
[MATH]
(4.0 cr)
or
MATH 1571H - Honors Calculus I
[MATH]
(4.0 cr)
International Trade and Development Requirements
Take the following 3 courses for a total of 10 credits.
ECON 3101 - Intermediate Microeconomics
(4.0 cr)
ECON 4331W - Economic Development
[WI]
(3.0 cr)
ECON 4337 {Inactive}
(3.0 cr)
International Economics
Take the following course or course pair for a total of 3-6 credits:
ECON 4401 {Inactive}
[GP]
(3.0 cr)
or
ECON 4431W - International Trade
[GP, WI]
(3.0 cr)
ECON 4432W - International Finance
[WI]
(3.0 cr)
International Economics Area of Focus
Only one country/area course may count toward the minor.
Take exactly 1 course(s) from the following:
·
ECON 4311 - Economy of Latin America
(3.0 cr)
·
ECON 4317 - The Chinese Economy
(3.0 cr)
·
Study-abroad Course Approved by ECON Director of Undergraduate Studies
Applied Microeconomics
Take a total of 20 sub-plan credits. No substitutions are permitted. All minor coursework must be taken A-F. Successful completion of the courses listed here constitutes satisfaction of the requirements for a minor in applied microeconomics.
Applied Microeconomics Requirements
Take the following 5 courses for 17 credits. ECON 4211 is recommended, but not required.
ECON 3101 - Intermediate Microeconomics
(4.0 cr)
ECON 4531 - Labor Economics
(3.0 cr)
ECON 4631 - Industrial Organization and Antitrust Policy
(3.0 cr)
Additional ECON 4xxx (3 cr)
MATH 1142 - Short Calculus
[MATH]
(4.0 cr)
or
MATH 1271 - Calculus I
[MATH]
(4.0 cr)
or
MATH 1371 - CSE Calculus I
[MATH]
(4.0 cr)
or
MATH 1571H - Honors Calculus I
[MATH]
(4.0 cr)
Monetary Theory
Take a total of 25 sub-plan credits. No substitutions are permitted. All minor coursework must be taken A-F. Successful completion of the courses listed here constitutes satisfaction of the requirements for a minor in monetary theory.
Calculus
Take 1 of the following courses for 4 credits.
MATH 1142 - Short Calculus
[MATH]
(4.0 cr)
or
MATH 1271 - Calculus I
[MATH]
(4.0 cr)
or
MATH 1371 - CSE Calculus I
[MATH]
(4.0 cr)
or
MATH 1571H - Honors Calculus I
[MATH]
(4.0 cr)
Monetary Theory Requirements
Take exactly 6 course(s) totaling exactly 21 credit(s) from the following:
·
ECON 3101 - Intermediate Microeconomics
(4.0 cr)
·
ECON 3102 - Intermediate Macroeconomics
(4.0 cr)
·
ECON 4721 - Money and Banking
(3.0 cr)
·
ECON 4731 {Inactive}
(3.0 cr)
·
ECON 4751 - Financial Economics
(3.0 cr)
·
STAT 3011 - Introduction to Statistical Analysis
[MATH]
(4.0 cr)
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Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 1101/1165 ApEc 1101/1101H |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | ApEc 1102/Econ 1102/1105/1112 |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 3101/Econ 3012/ApEc 3001 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 2243/Math 2373/Math 2574H |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 2263/Math 2374/Math 2573H |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 3101/Econ 3012/ApEc 3001 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 3102/3024/ApEc 3006 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1272/Math 1282/Math 1372/ |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1272/Math 1282/Math 1372/ |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 2243/Math 2373/Math 2574H |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 3101/Econ 3012/ApEc 3001 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 3102/3024/ApEc 3006 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1272/Math 1282/Math 1372/ |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1272/Math 1282/Math 1372/ |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Typically offered: | Every Fall |
Credits: | 4.0 [max 4.0] |
Typically offered: | Every Fall & Spring |
Credits: | 1.0 -3.0 [max 3.0] |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 3101/Econ 3012/ApEc 3001 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | Econ 4431W/Econ 4431V/Econ 443 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 3101/Econ 3012/ApEc 3001 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | Econ 4531/Econ 4538 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | Econ 3601/Econ 4631/Econ 4631H |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | Econ 3801/Econ 4828/Econ 4821 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | Econ 4611H/Econ 4831 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Math 1271/Math 1281/Math 1371/ |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 3101/Econ 3012/ApEc 3001 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 3102/3024/ApEc 3006 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | Econ 3701/Econ 4721/Econ 4721H |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | Econ 4751/Econ 4751H/Econ 4758 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | AnSc 3011/ESPM 3012/Stat 3011/ |
Typically offered: | Every Fall, Spring & Summer |