Majors, minors + certificates

Minor in International Economics (INTECONMIN)Department of Economics

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

Description

The purpose of the International Economic Minor is to make the principles and fundamentals that govern global and international economics accessible to students with a wide range of academic backgrounds who are interested in international economic issues.

Minor requirements

The minor requires at least 15 credit hours, including the requirements listed below.

  1. Introductory 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.)
  2. Introductory 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.)
  3. International Economics. One (1) course from the .
    • P: ECON-E 202 or ECON-S 202. Not recommended for economics majors. Only 6 credit hours from ECON-E 303, ECON-E 331, and ECON-E 332 may be counted toward a major in economics. Basis for and effects of international trade, commercial policy and effects of trade restrictions, balance of payments and exchange rate adjustment, international monetary systems, and fixed versus flexible exchange rates. (3 credit hours.)
  4. Economic Growth and Development. One (1) course from the .
    • P: ECON-E 202 or ECON-S 202. Income differences across countries, income growth rates over time and other measures of standard of living. Empirical and theoretical methods and both microeconomic and macroeconomic perspectives are used to address questions, such as why are some countries so rich, while other countries are so poor? (3 credit hours.)
  5. Advanced International Economics. One (1) course from the .
    • P: ECON-E 303 and ECON-E 317. Advanced topics in international economics based on microeconomic principles. Topics vary, but may include international trade institutions; trade negotiations; foreign direct investment; effects of trade on consumers, labor, and capital; the effects of trade on productivity, growth and welfare; intellectual property rights, financial integration, and analysis of particular trade agreements such as NAFTA. (3 credit hours.)
  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.