Majors, minors + certificates

Minor in Economics (ECONMIN)Department of Economics

Students on Summer 2019, Fall 2019, or Spring 2020 requirements.

Description

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.

Minor requirements

The minor requires at least 18 credit hours, including the requirements listed below.

  1. Calculus. One (1) course from the .
    • R: To be successful, students will demonstrate mastery of two years of high school algebra, one year of high school geometry, and pre-calculus as indicated by an appropriate ALEKS score or completion of MATH-M 025 or MATH-M 027. Introduction to calculus. Primarily for students from business and the social sciences. Credit given for only one of MATH-J 113, MATH-M 119, MATH-V 119, MATH-M 211, or MATH-S 211. (3 credit hours.)
    • R: To be successful, students will demonstrate mastery of two years of high school algebra, one year of high school geometry, and pre-calculus, and trigonometry as indicated by an appropriate ALEKS score or completion of MATH-M 027. Limits, continuity, derivatives, definite and indefinite integrals, applications. A student may receive credit for only one of the following: MATH-J 113, MATH-M 119, MATH-V 119, MATH-M 211, or MATH-S 211. (4 credit hours.)
    • P: Placement by examination. Designed for students with one year of calculus in high school. Students completing MATH-M 213 with a final grade of A or B may receive credit for MATH-M 211. Review of material covered in MATH-M 211 followed by an intensive study of all material in MATH-M 212. Credit given for only one of MATH-M 212 or MATH-M 213. (4 credit hours.)
  2. Introduction to Microeconomics. One (1) course from the .
    • Scarcity, opportunity cost, competitive and non-competitive market pricing, and interdependence as an analytical core. Individual sections apply this core to a variety of current economic policy problems, such as poverty, pollution, excise taxes, rent controls, and farm subsidies. (3 credit hours.)
    • P: Honors student. Designed for students of superior ability. Covers same core materials as ECON-E 201 and substitutes for ECON-E 201 as a prerequisite for other courses. (3 credit hours.)
  3. Introduction to Macroeconomics. One (1) course from the .
    • P: ECON-E 201 or ECON-S 201. Measuring and explaining aggregate economic performance, money, monetary policy, and fiscal policy as an analytical core. Individual sections apply this core to a variety of current economic policy problems, such as inflation, unemployment, and economic growth. (3 credit hours.)
    • P: ECON-S 201 or ECON-E 201; Honors student. Designed for students of superior ability. Covers same core material as ECON-E 202 and substitutes for ECON-E 202 as a prerequisite for other courses. (3 credit hours.)
  4. Intermediate Microeconomic Theory. One (1) course from the .
    • P: ECON-E 201 or ECON-S 201; MATH-M 119 or equivalent, or higher level calculus course. The economics of consumer choice. The economics of production, cost minimization, and profit maximization for business firms in the short run and long run under various market structures. Competition and adjustment to market equilibrium. Introduction to game theory, strategic interaction, and noncooperative equilibria. Credit given for only one of ECON-E 321 or ECON-S 321. (3 credit hours.)
    • P: ECON-E 201 or ECON-S 201; MATH-M 119 or equivalent, or higher level calculus course; Honors student. Designed for students of superior ability. Covers same core material as ECON-E 321 and substitutes for ECON-E 321 as a prerequisite for other courses. Credit given for only one of ECON-E 321 or ECON-S 321. (3 credit hours.)
  5. Advanced electives. At least two additional economics courses (6 credit hours) at the 300 or 400 level, excluding ECON-E 496 and ECON-X 373. At least one of these elective courses (3 credit hours) must be numbered above ECON-E 321, excluding ECON-E 370.
  6. GPA, Minimum Grade, and Other Requirements. Each of the following:
    1. 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.
    2. At least 9 credit hours in the minor must be completed at the 300–499 level.
    3. Except for the GPA requirement, a grade of C- or higher is required for a course to count toward a requirement in the minor.
    4. 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.
    5. Exceptions to minor requirements may be made with the approval of the department's Director of Undergraduate Studies, subject to final approval by the College of Arts and Sciences.