Requirements for the Economics BA
Economics is the social science that studies decision making given limited resources.
The economics major and minor are designed to instruct students in economic theory, methods and analysis. The courses prepare students for a variety of fields where economics is relevant and important, including business, law, and government. The program gives students a solid grounding in both critical thinking and knowledge of the field in general. The courses provide an understanding of markets and economic systems, and how to perform research and data analysis. The major also prepares students for graduate work in economics, business or related fields.
Watch this video by the American Economic Association: A career in Economics ... it's much more than you think
The major consists of a 25-credit core curriculum (including either 21&62:640:119 Basic Calculus or 21&62:640:135 Calculus I), and an additional 18 elective credits in Economics, for a total of 43 credits.
All courses must be completed with a grade of C or better.
Transfer Students: At least half of these credits must be completed at Rutgers-Newark.
The 18 elective credits (usually 300 and 400 level Economics courses) may include three of the following four courses from the School of Business:
29:390:315 Investments 29:390:329 Finance
29:390:330 Corporate Finance 29:390:386 Derivatives
Seniors with at least a B average and with permission from the department chairperson may enroll in appropriate graduate courses.
Students who are planning to do graduate work in Economics are encouraged to take Calculus I instead of Basic Calculus, and may want to consider additional courses in Mathematics.
Introduction to Economics (220:101,102) is a prerequisite for all other economics courses. Mathematics 640:109 or its equivalent, or tested proficiency in College Algebra, is a prerequisite for all 220 courses, except Introduction to Economics (220:101,102).
220:101 Introduction to Economics-Micro
220:102 Introduction to Economics-Macro
220:203 Statistics (Formerly 220:231 Statistical Methods)
220:301 Intermediate Economic Theory-Micro (Formerly 220:323)
220:302 Intermediate Economic Theory-Macro (Formerly 220:324)
220:303 Introduction to Econometrics (Formerly 220:322)
220:406 Seminar in Applied Economics
640:119 Basic Calculus or 640:135 Calculus
(29:390:300 Financial Econometrics can be counted towards
21:220:303 Introduction to Econometrics)
ELECTIVE COURSES (3 CREDITS EACH - 18 TOTAL)
220:304 Economics of Labor
220:305 Development of the American Economy
220:312 Women in the American Economy
220:315 Managerial Economics
220:316 Economics of Health
220:327 History of Economic Thought
220:330 Economics of Inequality
220:335 International Economic Relations
220:336 International Finance
220:337 Public Finance
220:339 Economic Development
220:340 Real Estate Economics
220:350 Computing For Economics
220:353 Urban and Regional Economics
220:356 Business Cycles
220:361 Industrial Organization
220:365 Money and Banking
220:367 Monetary Economics
220:368 Institutional Economics
220:384 Behavioral Economics
220:401 Topics In Microeconomic Theory
220:402 Analysis of Current Economic Conditions(Formerly 220:414)
220:403 Advanced Econometrics(Formerly 220:402)
220:407 Labor Seminar
220:409 Introduction to Mathematical Economics
220:426 Adv. Statistic Topics
220:439 Financial Economics
220:499 Individual Study in Economics
29:390:330 Corporate Finance
Many students who major in finance also major in economics. Be sure to check out the specific requirements for each major, as they tend to change over time. If you are in doubt about specific courses, check with your advisor.