Campuses:
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
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
Required prerequisites
Calculus I
Take exactly 1 course(s) totaling exactly 4 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)
Required prerequisites
Microeconomics
Take exactly 1 course(s) totaling exactly 4 credit(s) from the following:
·
ECON 3101  Intermediate Microeconomics
(4.0 cr)
Minor Requirements
No substitutions within the subplans are permitted.
Only one country/area course may count toward the minor.
At least 9 upperdivision ECON credits in the minor must be taken 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 Subplans
Students are required to complete one of the following subplans.
General
Take a total of 9 subplan credits.
Electives
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 1920 subplan credits.
Mathematics
Take exactly 3 course(s) totaling exactly 12 credit(s) from the following:
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)
·
Linear Algebra and Differential Equations
·
MATH 2243  Linear Algebra and Differential Equations
(4.0 cr)
or
MATH 2373  CSE Linear Algebra and Differential Equations
(4.0 cr)
or
MATH 2574H  Honors Calculus IV
(4.0 cr)
·
Multivariable Calculus
·
MATH 2263  Multivariable Calculus
(4.0 cr)
or
MATH 2374  CSE Multivariable Calculus and Vector Analysis
(4.0 cr)
or
MATH 2573H  Honors Calculus III
(4.0 cr)
Econometrics
Take a total of 27 subplan credits.
Mathematics
Take exactly 2 course(s) totaling exactly 8 credit(s) from the following:
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)
·
Linear Algebra and Differential Equations
·
MATH 2243  Linear Algebra and Differential Equations
(4.0 cr)
or
MATH 2373  CSE Linear Algebra and Differential Equations
(4.0 cr)
or
MATH 2574H  Honors Calculus IV
(4.0 cr)
Theory of Statistics
Take exactly 2 course(s) totaling exactly 8 credit(s) from the following:
Directed Study
Take exactly 3 credit(s) from the following:
·
ECON 3993  Directed Studies
(1.03.0 cr)
International Trade and Development
Take a total of 1215 subplan credits.
International Trade and Development
Take exactly 2 course(s) totaling exactly 6 credit(s) from the following:
·
ECON 4331W  Economic Development
[WI]
(3.0 cr)
·
ECON 4337  Comparative Economic Systems
(3.0 cr)
International Economics
Take 1  2 course(s) totaling 3  6 credit(s) from the following:
Option 1
ECON 4401  International Economics
[GP]
(3.0 cr)
or
Option 2
ECON 4431W  International Trade
[GP, WI]
(3.0 cr)
ECON 4432W  International Finance
[WI]
(3.0 cr)
International Economics Area of Focus
Take exactly 1 course(s) totaling exactly 3 credit(s) from the following:
·
ECON 4311  Economy of Latin America
(3.0 cr)
·
ECON 4317  The Chinese Economy
(3.0 cr)
·
ECON 3960  Topics in Economics: Area Studies
(3.0 cr)
·
Studyabroad Course Approved by ECON Director of Undergraduate Studies
Applied Microeconomics
Take a total of 12 subplan credits.
Monetary Theory
Take a total of 17 subplan credits.
Monetary Theory
Take exactly 5 course(s) totaling exactly 17 credit(s) from the following:
·
ECON 3102  Intermediate Macroeconomics
(4.0 cr)
·
ECON 4721  Money and Banking
(3.0 cr)
·
ECON 4731  Macroeconomic Policy
(3.0 cr)
·
ECON 4751  Financial Economics
(3.0 cr)
·
STAT 3011  Introduction to Statistical Analysis
[MATH]
(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:  00020  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:  00067  Math 1271/Math 1281/Math 1371/ 
Typically offered:  Every Fall, Spring & Summer 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 1142/1271/1281/1371/1571H 
Typically offered:  Every Fall & Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  00067  Math 1142/1271/1281/1371/1571H 
Grading Basis:  AF only 
Typically offered:  Every Fall 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  00025  Econ 3101/Econ 3101H/ApEc 3001 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Typically offered:  Every Spring 
Credits:  3.0 [max 3.0] 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 6.0] 
Grading Basis:  AF only 
Typically offered:  Every Fall & Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 1272/1282/1252/1372/1572 
Typically offered:  Every Fall, Spring & Summer 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  00068  Math 1272/1282/1252/1372/1572 
Grading Basis:  AF only 
Typically offered:  Every Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 1272/1282/1252/1372/1572 
Typically offered:  Every Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 2243/2373/2573 
Typically offered:  Every Fall, Spring & Summer 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 2243/2373/2573 
Typically offered:  Every Fall & Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  00561  Math 2243/Math 2373/Math 2573H 
Grading Basis:  AF only 
Typically offered:  Every Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 2263/2373/2573H/3251 
Typically offered:  Every Fall, Spring & Summer 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 2263/2373/2573H/3251 
Typically offered:  Every Fall & Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  00069  Math 2263/2374/3251 
Grading Basis:  AF only 
Typically offered:  Every Fall 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  00026  Econ 3102/ApEc 3006 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  02006  Econ 4113/Econ 4113H/Econ 4118 
Grading Basis:  AF only 
Typically offered:  Periodic Fall & Spring 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  02051  Econ 4731/Econ 4731H/Econ 4731 
Typically offered:  Every Fall & Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 1272/1282/1252/1372/1572 
Typically offered:  Every Fall, Spring & Summer 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  00068  Math 1272/1282/1252/1372/1572 
Grading Basis:  AF only 
Typically offered:  Every Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 1272/1282/1252/1372/1572 
Typically offered:  Every Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 2243/2373/2573 
Typically offered:  Every Fall, Spring & Summer 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Math 2243/2373/2573 
Typically offered:  Every Fall & Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  00561  Math 2243/Math 2373/Math 2573H 
Grading Basis:  AF only 
Typically offered:  Every Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  00026  Econ 3102/ApEc 3006 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  4.0 [max 4.0] 
Grading Basis:  AF or Aud 
Typically offered:  Every Fall 
Credits:  4.0 [max 4.0] 
Typically offered:  Every Fall 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Stat 4102/5102 
Typically offered:  Every Spring 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  00259  Math 5651/Stat 5101 
Typically offered:  Every Fall 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  Stat 4102/5102 
Typically offered:  Every Spring 
Credits:  1.0 3.0 [max 3.0] 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  00031  Econ 4301/4331 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  Econ 4307/4337 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Typically offered:  Every Fall & Spring 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  01974 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Typically offered:  Every Spring & Summer 
Credits:  3.0 [max 3.0] 
Typically offered:  Every Spring 
Credits:  3.0 [max 3.0] 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 6.0] 
Grading Basis:  AF only 
Typically offered:  Every Fall & Spring 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  00027 
Typically offered:  Every Fall & Spring 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  00028  Econ 3601/Econ 4631/Econ 4631H 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  00030 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  00400  Econ 4611H/Econ 4831 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  00026  Econ 3102/ApEc 3006 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  00029  Econ 3701/4721 
Grading Basis:  AF only 
Typically offered:  Every Fall, Spring & Summer 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  02051  Econ 4731/Econ 4731H/Econ 4731 
Typically offered:  Every Fall & Spring 
Credits:  3.0 [max 3.0] 
Course Equivalencies:  00035  Econ 4751/4759 
Typically offered:  Every Fall, Spring & Summer 
Credits:  4.0 [max 4.0] 
Course Equivalencies:  (Select a set) 
Typically offered:  Every Fall, Spring & Summer 