Twin Cities campus
 
Twin Cities Campus

Economics Minor

Economics
College of Liberal Arts
Link to a list of faculty for this program.
Contact Information
Department of Economics, 4-101 Hanson Hall, 1925 4th Street South, Minneapolis MN 55455 (612-625-6833; fax: 612-624-0209)
  • Program Type: Graduate minor related to major
  • Requirements for this program are current for Fall 2019
  • Length of program in credits (master's): 6
  • Length of program in credits (doctoral): 12
  • This program does not require summer semesters for timely completion.
The economics graduate program offers degree work in both theoretical and applied fields of economics with an emphasis on quantitative economic analysis. The strong quantitative component in this degree emphasizes multivariate calculus, linear algebra, and econometrics (statistical methods of economic data). Economics coursework consists of microeconomic theory, macroeconomic theory, economic growth, price theory, cost-benefit anlysis, econometrics, economic modelling and forecasting, industrial organization, economic development, game theory, optimization theory, and financial, computational, international, mathmatical, monetary, public, and labor economics. Fields of specialization and written preliminary examinations include microeconomic theory, macroeconomic theory, econometrics, economic growth and development, financial economics, game theory, computational economics, industrial organization, labor economics, international economics, mathematical economics, monetary economics, and public economics.
Program Delivery
  • via classroom (the majority of instruction is face-to-face)
Prerequisites for Admission
For an online application or for more information about graduate education admissions, see the General Information section of this website.
Program Requirements
Use of 4xxx courses toward program requirements is permitted under certain conditions with adviser approval.
Program Sub-plans
Students are required to complete one of the following sub-plans.
Students may not complete the program with more than one sub-plan.
Masters
Coursework must be selected in consultation with the Economics director of graduate studies. All courses must be taken A-F and completed with grades of B or better (one 8xxx-level course may carry a grade of C). Option 2 is for master's-level students whose previous work in economics courses, in the judgement of the Economics director of graduate studies, has included coursework equivalent to the 4xxx-level economic theory courses.
Advanced Economic Theory Requirement
Option 1
Take 4 or more credits from the following (or from the 8-xxx theory sequences in the doctoral minor):
Microeconomic Analysis Sequence
ECON 4161 - Microeconomic Analysis I (2.0 cr)
ECON 4162 - Microeconomic Analysis II (2.0 cr)
ECON 4163 - Microeconomic Analysis (2.0 cr)
ECON 4164 - Microeconomic Analysis (2.0 cr)
Macroeconomic Analysis Sequence
ECON 4165 - Macroeconomic Theory (2.0 cr)
ECON 4166 - Macroeconomic Theory (2.0 cr)
ECON 4167 - Macroeconomic Theory (2.0 cr)
ECON 4168 - Macroeconomic Theory (2.0 cr)
Additional Electives
Take 2 or more credit(s) from the following:
· ECON 4xxx
· ECON 5xxx
· ECON 8xxx
or Option 2
For students whose previous work in economic theory, in the judgement of the Economics director of graduate studies, satisfies the theory sequence requirement. Option 2 students instead take economics electives chosen in consultation with the director of graduate studies.
Take 6 or more credit(s) from the following:
· ECON 4xxx
· ECON 5xxx
· ECON 8xxx
Doctoral
All courses must be selected in consultation with the Economics director of graduate studies.
Sequence Requirement
Take 8 credits from the following:
Microeconomic Theory Sequence
ECON 8101 - Microeconomic Theory (2.0 cr)
ECON 8102 - Microeconomic Theory (2.0 cr)
ECON 8103 - Microeconomic Theory (2.0 cr)
ECON 8104 - Microeconomic Theory (2.0 cr)
Macroeconomic Theory Sequence
ECON 8105 - Macroeconomic Theory (2.0 cr)
ECON 8106 - Macroeconomic Theory (2.0 cr)
ECON 8107 - Macroeconomic Theory (2.0 cr)
ECON 8108 - Macroeconomic Theory (2.0 cr)
Electives
Take 4 or more credit(s) from the following:
· ECON 8xxx
 
More program views..
View college catalog(s):
· College of Liberal Arts

View PDF Version:
Search.
Search Programs

Search University Catalogs
Related links.

College of Liberal Arts

Graduate Admissions

Graduate School Fellowships

Graduate Assistantships

Colleges and Schools

One Stop
for tuition, course registration, financial aid, academic calendars, and more
 
ECON 4161 - Microeconomic Analysis I
Credits: 2.0 [max 2.0]
Course Equivalencies: 02672
Grading Basis: A-F only
Typically offered: Every Fall
Theories of consumer demand, producer supply, and market equilibrium. General equilibrium and welfare. May include topics such as externalities, economics of information/uncertainty. Seven-week course. prereq: 3101, 3102, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4162 - Microeconomic Analysis II
Credits: 2.0 [max 2.0]
Course Equivalencies: 02673
Grading Basis: A-F or Aud
Typically offered: Every Fall
Theories of consumer, producer, and market equilibrium. Includes general equilibrium, welfare, externalities, topics in information and uncertainty, and game theory. Seven-week course. prereq: 3101, 3102, 4161, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4163 - Microeconomic Analysis
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Theories of consumer demand, producer supply, and market equilibrium. General equilibrium and welfare. May include topics such as externalities, economics of information/uncertainty, and game theory. Seven-week course. Meets with 8003. prereq: 3101, 3102, 4162, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4164 - Microeconomic Analysis
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Theories of consumer demand, producer supply, and market equilibrium. General equilibrium and welfare. May include topics such as externalities, economics of information/uncertainty, and game theory. Seven-week course. Meets with 8004. prereq: 3101, 3102, 4163, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4165 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, and prices. Seven-week course. Meets with 8105. prereq: 3101, 3102, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4166 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, and prices. Seven-week course. Meets with 8106. prereq: 3101, 3102, 4165, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4167 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
General equilibrium models with uncertainty, search, matching, indivisibilities, private information. Implications of theory for measurement and data reporting. Overlapping generations, dynasty models with money/government. Variational/recursive methods. Seven-week course. Meets with 8107. prereq: 3101, 3102, 4166, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4168 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
General equilibrium models with uncertainty, search, matching, indivisibilities, private information. Implications of theory for measurement and data reporting. Overlapping generations, dynasty models with money/government. Variational/recursive methods. Seven-week course. Meets with 8108. prereq: 3101, 3102, 4167, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 8101 - Microeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Decision problems faced by the household and firm; theories of choice under conditions of certainty and uncertainty. Partial equilibrium analysis of competition and monopoly. General equilibrium analysis. Welfare economics: economic efficiency of alternative market structures, social welfare functions. Dynamics: stability of markets, capital theory. Seven-week course. prereq: 5151 or equiv, Math 2243 or equiv, concurrent registration is required (or allowed) in Math 5615 or concurrent registration in Math 8601, grad econ major or instr consent
ECON 8102 - Microeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Decision problems faced by the household and firm; theories of choice under conditions of certainty and uncertainty. Partial equilibrium analysis of competition and monopoly. General equilibrium analysis. Welfare economics: economic efficiency of alternative market structures, social welfare functions. Dynamics: stability of markets, capital theory. Seven-week course. prereq: 8101, concurrent registration is required (or allowed) in Math 5615 or concurrent registration is required (or allowed) in Math 8601, grad econ major or instr consent
ECON 8103 - Microeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Decision problems faced by the household and firm; theories of choice under conditions of certainty and uncertainty. Partial equilibrium analysis of competition and monopoly. General equilibrium analysis. Welfare economics: economic efficiency of alternative market structures, social welfare functions. Dynamics: stability of markets, capital theory. Seven-week course. prereq: 8102, concurrent registration is required (or allowed) in Math 5616 or concurrent registration is required (or allowed) in Math 8602 or comparable abstract math course, grad econ major or instr consent
ECON 8104 - Microeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Decision problems faced by the household and firm; theories of choice under conditions of certainty and uncertainty. Partial equilibrium analysis of competition and monopoly. General equilibrium analysis. Welfare economics: economic efficiency of alternative market structures, social welfare functions. Dynamics: stability of markets, capital theory. Seven-week course. prereq: 8103, concurrent registration is required (or allowed) in Math 5616 or concurrent registration is required (or allowed) in Math 8602 or comparable abstract math course, grad econ major or instr consent
ECON 8105 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4165. prereq: 5152 or equiv, Math 2243, Math 2263 or equiv or instr consent
ECON 8106 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4166. prereq: 8105
ECON 8107 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4167. prereq: 8106
ECON 8108 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4168. prereq: 8107