Campuses:
Twin Cities Campus
Economics B.S.Economics
College of Liberal Arts
The Bachelors of Science in Economics gives students the economic, mathematical, and analytical tools to solve contemporary economic problems. This major pathway is recommended for students considering graduate studies in economics or pursuing a career as a professional economist or in an analyticsbased field. For more information, visit https://cla.umn.edu/economics
Program Delivery
This program is available:
Admission Requirements
Students must complete
4 courses
before admission to the program.
For information about University of Minnesota admission requirements, visit the
Office of Admissions
website.
Required prerequisites
Preparatory Coursework
Take exactly 4 course(s) totaling exactly 16 credit(s) from the following:
Principles of Micro and Macroeconomics
·
ECON 1101  Principles of Microeconomics
[SOCS, GP]
(4.0 cr)
ECON 1102  Principles of Macroeconomics
(4.0 cr)
·
Calculus I
·
MATH 1271  Calculus I
[MATH]
(4.0 cr)
or
MATH 1571H  Honors Calculus I
[MATH]
(4.0 cr)
or
MATH 1371  CSE Calculus I
[MATH]
(4.0 cr)
·
Calculus II
·
MATH 1272  Calculus II
(4.0 cr)
or
MATH 1572H  Honors Calculus II
(4.0 cr)
or
MATH 1372  CSE Calculus II
(4.0 cr)
General Requirements
All students in baccalaureate degree programs are required to complete general University and college requirements including writing and liberal education courses. For more information about Universitywide requirements, see the
liberal education requirements.
Required courses for the major, minor or certificate in which a student receives a D grade (with or without plus or minus) do not count toward the major, minor or certificate (including transfer courses).
Program Requirements
At least 24 upperdivision credits in the major must be taken at the University of Minnesota Twin Cities campus. At least 7 of the 9 upperdivision ECON courses must be taken from the Department of Economics 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.
All incoming CLA firstyear (freshmen) must complete the FirstYear Experience course sequence.
All incoming CLA firstyear (freshmen) students earning a BA, BS, or BIS degree must complete the secondyear career management course CLA 3002.
All students must complete a capstone in at least one CLA major. The requirements for double majors completing the capstone in a different CLA major will be clearly stated. Students must also complete all major requirements in both majors to allow the additional capstone to be waived. Students completing an additional degree must complete the capstone in each degree area.
Core Courses
Take exactly 6 course(s) totaling exactly 24 credit(s) from the following:
·
MATH 2243  Linear Algebra and Differential Equations
(4.0 cr)
or
MATH 2574H  Honors Calculus IV
(4.0 cr)
or
MATH 2373  CSE Linear Algebra and Differential Equations
(4.0 cr)
·
MATH 2263  Multivariable Calculus
(4.0 cr)
or
MATH 2573H  Honors Calculus III
(4.0 cr)
or
MATH 2374  CSE Multivariable Calculus and Vector Analysis
(4.0 cr)
·
Theory of Statistics I & II
Take one of the following course pairs for a total of 8 credits:
Electives
Take exactly 4 course(s) totaling 12  16 credit(s) from the following:
·
ECON 3970  Topics in Economics
(3.0 cr)
·
ECON 4115  Uncertainty and Information
(4.0 cr)
·
ECON 4331W  Economic Development
[WI]
(3.0 cr)
·
ECON 4341  Economics of Poverty and Income Inequality
(3.0 cr)
·
ECON 4431W  International Trade
[GP, WI]
(3.0 cr)
·
ECON 4432W  International Finance
[WI]
(3.0 cr)
·
ECON 4531  Labor Economics
(3.0 cr)
·
ECON 4631  Industrial Organization and Antitrust Policy
(3.0 cr)
·
ECON 4721  Money and Banking
(3.0 cr)
·
ECON 4751  Financial Economics
(3.0 cr)
·
ECON 4821  Public Economics
(3.0 cr)
·
ECON 4831  CostBenefit Analysis
(3.0 cr)
·
ECON 4960  Topics in Economics
(4.0 cr)
·
Area Study Courses
Only one country/area study course or departmentapproved study abroad course may count toward the electives requirement.
Take no more than 1 course(s) from the following:
·
ECON 3960  Topics in Economics: Area Studies
(3.0 cr)
·
ECON 4311  Economy of Latin America
(3.0 cr)
·
ECON 4317  The Chinese Economy
(3.0 cr)
Advanced Courses
The Microeconomic Analysis courses (ECON 416x) are quarterlong (7week) courses meant to be taken in pairs.
Take 2 or more course(s) totaling 8 or more credit(s) from the following:
·
ECON 4108  Advanced Game Theory and Applications
(4.0 cr)
·
ECON 4118  Advanced Mathematical Economics
(4.0 cr)
·
ECON 4438W  Advanced International Trade
[GP, WI]
(4.0 cr)
·
ECON 4538  Advanced Labor Economics
(4.0 cr)
·
ECON 4758  Advanced Financial Economics
(4.0 cr)
·
ECON 4970  Advanced Topics: Economics
(4.0 cr)
Capstone
In the capstone, students demonstrate that they can think critically and define an economic issue; review relevant literature; gather, recognize, and interpret data; use economic theory and statistical tools to analyze economic problems; interpret and communicate findings; and attain understanding and proficiency in the modes of inquiry common to the discipline.
Take exactly 1 course(s) totaling exactly 4 credit(s) from the following:
Students who double major and choose to complete the capstone requirement in their other major are still required to take the Economics BS capstone.
Capstone Seminar
Take 1 or more course(s) totaling 4 or more credit(s) from the following:
·
ECON 4261  Introduction to Econometrics
(4.0 cr)
Upper Division Writing Intensive within the Major
Students are required to take one upper division writing intensive course within the major. If that requirement has not been satisfied within the core major requirements, students must choose one course from the following list. Some of these courses may also fulfill other major requirements.
Take 0  1 course(s) from the following:
·
ECON 4331W  Economic Development
[WI]
(3.0 cr)
·
ECON 4431W  International Trade
[GP, WI]
(3.0 cr)
·
ECON 4432W  International Finance
[WI]
(3.0 cr)
·
ECON 4438W  Advanced International Trade
[GP, WI]
(4.0 cr)


Credits:  4.0 [max 4.0] 
Course Equivalencies:  Econ 1101/1104/1111/ApEc 1101 
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] 
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/ 
Grading Basis:  AF only 
Typically offered:  Every Fall 
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 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:  AF only 
Typically offered:  Every Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 1272/Math 1282/Math 1372/ 
Typically offered:  Every Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Econ 3101/Econ 3101H/ApEc 3001 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Econ 3102/ApEc 3006 
Grading Basis:  AF only 
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 2243/Math 2373/Math 2574H 
Grading Basis:  AF only 
Typically offered:  Every Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 2243/Math 2373/Math 2574H 
Typically offered:  Every Fall & Spring 
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:  Math 2263/Math 2374/Math 2573H 
Grading Basis:  AF only 
Typically offered:  Every Fall 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 2263/Math 2374/Math 2573H 
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:  3.0 [max 6.0] 
Grading Basis:  AF only 
Typically offered:  Periodic Fall & Spring 
Credits:  4.0 [max 4.0] 
Grading Basis:  AF only 
Typically offered:  Every Fall & Spring 
Credits:  3.0 [max 3.0] 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Grading Basis:  AF only 
Typically offered:  Every Fall 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  Econ 4431W/Econ 4431V/Econ 443 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Grading Basis:  AF only 
Typically offered:  Every Spring & Summer 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  Econ 4531/Econ 4538 
Typically offered:  Every Fall & Spring 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  Econ 3601/Econ 4631/Econ 4631H 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  Econ 3701/Econ 4721/Econ 4721H 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  Econ 4751/Econ 4751H/Econ 4758 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  Econ 3801/Econ 4828/Econ 4821 
Grading Basis:  AF only 
Typically offered:  Every Fall & Spring 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  Econ 4611H/Econ 4831 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  4.0 [max 8.0] 
Grading Basis:  AF only 
Typically offered:  Periodic Fall & Spring 
Credits:  3.0 [max 6.0] 
Grading Basis:  AF only 
Typically offered:  Every Fall & Spring 
Credits:  3.0 [max 3.0] 
Typically offered:  Every Fall & Spring 
Credits:  3.0 [max 3.0] 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Econ 4108/Econ 4109/Econ 4109H 
Grading Basis:  AF only 
Typically offered:  Every Fall 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Econ 4113/Econ 4113H/Econ 4118 
Grading Basis:  AF only 
Typically offered:  Periodic Fall & Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Econ 4431W/Econ 4431V/Econ 443 
Grading Basis:  AF only 
Typically offered:  Every Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Econ 4531/Econ 4538 
Grading Basis:  AF only 
Typically offered:  Every Fall & Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Econ 4751/Econ 4751H/Econ 4758 
Grading Basis:  AF only 
Typically offered:  Every Spring 
Credits:  4.0 [max 8.0] 
Course Equivalencies:  Econ 4968/Econ 4970 
Grading Basis:  AF only 
Typically offered:  Every Fall & Spring 
Credits:  2.0 [max 2.0] 
Course Equivalencies:  Econ 4161/Econ 8001 
Grading Basis:  AF only 
Typically offered:  Every Fall 
Credits:  2.0 [max 2.0] 
Course Equivalencies:  Econ 4162/Econ 8002 
Grading Basis:  AF or Aud 
Typically offered:  Every Fall 
Credits:  2.0 [max 2.0] 
Course Equivalencies:  Econ 4163/Econ 8003 
Grading Basis:  AF only 
Typically offered:  Every Spring 
Credits:  2.0 [max 2.0] 
Course Equivalencies:  Econ 4164/Econ 8004 
Grading Basis:  AF only 
Typically offered:  Every Spring 
Credits:  4.0 [max 4.0] 
Grading Basis:  AF 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:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Grading Basis:  AF only 
Typically offered:  Every Spring & Summer 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Econ 4431W/Econ 4431V/Econ 443 
Grading Basis:  AF only 
Typically offered:  Every Spring 