Campuses:
Twin Cities campus
This is archival data. This system was retired as of August 21, 2023 and the information on this page has not been updated since then. For current information, visit catalogs.umn.edu.
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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. These eight credits do not factor into the overall length in credits of the minor.
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 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 B.A. or a B.S. or a minor.
Program Sub-plans
Students are required to complete one of the following sub-plans.
General
Take a total of 17 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 general economics.
General Requirements
Microeconomics
ECON 3101 - Intermediate Microeconomics
(4.0 cr)
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 27-28 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
MATH 1271 - Calculus I
[MATH]
(4.0 cr)
MATH 1272 - Calculus II
(4.0 cr)
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)
Economics 4xxx-level
ECON 4109H {Inactive}
(4.0 cr)
or
ECON 4113 {Inactive}
(4.0 cr)
or
ECON 4731 {Inactive}
(3.0 cr)
Econometrics
Take a total of 35 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 econometrics.
Econometrics Requirements
MATH 1271 - Calculus I
[MATH]
(4.0 cr)
MATH 1272 - Calculus II
(4.0 cr)
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)
Theory of Statistics
Take one of the following course pairs:
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 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.
International Trade and Development Requirements
ECON 3101 - Intermediate Microeconomics
(4.0 cr)
Economic Development
ECON 4301 {Inactive}
(3.0 cr)
or
ECON 4331W - Economic Development
[WI]
(3.0 cr)
Comparative Economic Systems
ECON 4307 {Inactive}
(3.0 cr)
or
ECON 4337 {Inactive}
(3.0 cr)
International Economics Area of Focus
ECON 3960 {Inactive}
(3.0 cr)
or
ECON 4311 - Economy of Latin America
(3.0 cr)
or
ECON 4313 {Inactive}
(3.0 cr)
or
ECON 4315 {Inactive}
(3.0 cr)
or
Study-abroad Course Approved by ECON Director of Undergraduate Studies
International Economics
Take the following course or course pair:
ECON 4401 {Inactive}
[GP]
(3.0 cr)
or
Trade & Finance
ECON 4431W - International Trade
[GP, WI]
(3.0 cr)
ECON 4432W - International Finance
[WI]
(3.0 cr)
Applied Microeconomics
Take a total of 20 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 applied microeconomics.
Monetary Theory
Take a total of 25 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 monetary theory.
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