B.A. in Economics

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

Major Requirements

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.

PREREQUISITES

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).

CORE COURSES 

         

          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

        29:390:315 Investments 
        29:390:329 Finance 
        29:390:330 Corporate Finance 
       
29:390:386 Derivatives 


 

DOUBLE MAJOR

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.