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Department of Economics

Minor in Economics

Students on Summer 2020, Fall 2020, or Spring 2021 requirements ECONMIN

The Minor in Economics is designed to provide students with a solid foundation in the tools of economic theory and policy that complement study in other disciplines. Elective courses can be chosen to focus on specific subfields of interest to the student.


The minor requires at least 18 credit hours, including the requirements listed below.
  1. Calculus. One (1) course:
    • MATH-M 119 Brief Survey of Calculus I
    • MATH-M 211 Calculus I
  2. Fundamentals of Economics I. One (1) course:
    • ECON-B 251 Fundamentals of Economics for Business I
    • ECON-E 251
    • ECON-S 251 Fundamentals of Economics for Business I: Honors
  3. Fundamentals of Economics II. One (1) course:
    • ECON-B 252 Fundamentals of Economics for Business II
    • ECON-E 252 Fundamentals of Economics II
  4. Intermediate Microeconomic Theory. One (1) course:
    • ECON-E 321 Intermediate Microeconomic Theory
    • ECON-S 321 Intermediate Microeconomic Theory: Honors
  5. Elective Requirements.
    1. Advanced Elective. Three (3) credit hours:
      • ECON-E 327 Game Theory
      • ECON-E 331 International Trade
      • ECON-E 332 International Monetary Economics
      • ECON-E 337 Economic Development
      • ECON-E 341 Economics of Labor Market
      • ECON-E 344 Health Economics
      • ECON-E 351 Law and Economics
      • ECON-E 361 Public Finance: Government Spending
      • ECON-E 362 Public Finance: Taxation
      • ECON-E 364 Environment and Resource Economics
      • ECON-E 371 Introduction to Applied Econometrics
      • ECON-E 385 Economics of Industry
      • ECON-E 386 Soviet-Type Economies in Transition
      • ECON-E 390 Undergraduate Seminar in Economics
      • ECON-E 392 Seminar in Computational Methods and Econometrics
      • ECON-E 401 Machine Learning for Economic Data
      • ECON-E 402 Computational Methods In Macroeconomics
      • ECON-E 425 Financial Economics
      • ECON-E 427 Seminar in Experimental Economics
      • ECON-E 471 Econometric Theory and Practice I
      • ECON-E 472 Econometric Theory and Practice II
      • ECON-E 490 Advanced Undergraduate Seminar in Economics
      • ECON-E 411
      • ECON-S 371 Introduction to Applied Econometrics: Honors
      • ECON-X 398 Independent Research in Economics
    2. Free Elective. Three (3) credit hours:
      • Additional course from the Advanced Electives list.
      • ECON-E 303 Survey of International Economics
      • ECON-E 305 Money and Banking
      • ECON-E 308 Survey of Public Finance
      • ECON-E 309 Topics in Economics
      • ECON-E 320
      • ECON-E 322 Intermediate Macroeconomic Theory
      • ECON-E 370 Statistical Analysis for Business and Economics
      • ECON-S 370 Statistical Analysis for Business and Economics: Honors
  6. Minor GPA, Hours, and Minimum Grade Requirements.
    1. Minor GPA. A GPA of at least 2.000 for all courses taken in the minor—including those where a grade lower than C- is earned—is required.
    2. Minor Minimum Grade. Except for the GPA requirement, a grade of C- or higher is required for a course to count toward a requirement in the minor.
    3. Minor Upper Division Credit Hours. At least 9 credit hours in the minor must be completed at the 300–499 level.
    4. Minor Residency. At least 9 credit hours in the minor must be completed in courses taken through the Indiana University Bloomington campus or an IU-administered or IU co-sponsored Overseas Study program.

Minor Area Courses

Unless otherwise noted below, the following courses are considered in the academic program and will count toward academic program requirements as appropriate:

  • Any course at the 100–499 level with the ECON subject area prefix—as well as any other subject areas that are deemed functionally equivalent
  • Any course contained on the course lists for the academic program requirements at the time the course is taken—as well as any other courses that are deemed functionally equivalent—except for those listed only under Addenda Requirements
  • Any course directed to a non-Addenda requirement through an approved exception

The following courses cannot be applied toward minor requirements:

  • ECON-E 115 Everyday Economics
  • ECON-E 175
  • ECON-E 203 Introduction to International Economics
  • ECON-E 496
  • ECON-X 373 Internship in Economics

This program of study cannot be combined with the following:

  • Bachelor of Arts in Economics (ECONBA)
  • Bachelor of Arts in Economics and Mathematics (ECONMATHBA)
  • Bachelor of Arts in Economics and Political Science (ECONPOLSBA)
  • Bachelor of Arts in Mathematics and Economics (MATHECONBA)
  • Bachelor of Arts in Political Science and Economics (POLSECONBA)
  • Interdepartmental Minor in Economics and Political Science (ECONPOLMIN)
  • Interdepartmental Minor in Political Science and Economics (POLSECNMIN)
  • Minor in International Economics (INTECONMIN)

Exceptions to and substitutions for minor requirements may be made with the approval of the unit's Director of Undergraduate Studies, subject to final approval by the College of Arts and Sciences.