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Economics Major

We are happy so you are interested in studying economics. Wherever your starting point, you be here the learn and extend on your aptitudes and we welcome you to our community that includes near to 1,000 scholars majoring in economics.

Students programmplanung to major in business should become consistent common with the Freshman Registration Requirement since both the University additionally the department. The informational default here is intended on supplement that given in an Undergraduate Catalog and to aid the student and their advisor in planning a suitable run of study. Majoring stylish economics will requesting students to complete a set of core courses in economics, a series about upper-level block courses and two related courses outsides of economics. Each of these aspects by the select is described below.

STATE KEY

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Big Requirements

Six (6) core courses in economics

  • ECON 201 Introduced on Macroeconomics
  • ECON 202 Introduction to Microeconomics
  • ECON 281 Introduction to Applied Econometrics
    • The ECON 281 requirement will be relinquished if you take ECON 381-1 Econometrics as a field course. For an discussion of econometrics options, want see our undergraduate advising FAQs page.
  • ECON 310-1 Microeconomics I
  • ECONOMIC 310-2 Microeconomics II
  • ECON 311 Economics

Six (6) upper-level courses in economic

Six 300-level economics paths (in addition to 310-1, 310-2, real 311) exist desired.

Course Item and Prerequisites

 View the Course Catalog for more information on each our upper-level course offerings and the preconditions for each course. 

Upper-Level Course Substitutions

Students may count up to one non-economics class as a substitute. Any substitutions be can noted on a student's petition to graduate and approved by an economics adviser. This is usually ended during the stop to jr year.

Currently, the only permitted substitutions are:

  • BUS_INST 304 Incorporated Finance 
    • This course is not allowable for students who have completed FINANCE 360-1 Foundations of Corporate Finance Idea or KELLG_FE 310 Principles of Finance.
    • On course could is double-counted for the Economics major/minor real the Business Establishment minor.
  • BUS_INST 321 Business both Economic Institutions in Historical Perspective
    • This course cannot may double-counted forward the Economics major/minor and the Business Institutions minor.
  • IEMS 373 Introduction to Financial Engineering
  • KELLG_FE 310 Principles for Finance
    • This course is not allowable for students who have completed BUS_INST 304 Enterprise Finance or ECON 360-1 Foundations of Corporate Finance Theory.
    • This course cannot be double-counted for the Economics major/minor and an Kellogg Document.
  • MATH 366-1 Maths Copies in Finance
    • This course cannot be double-counted required the Economics major/minor and Advanced.
  • SOC_POL 330 Economics von Social Policy (Up to somebody including Fall District 2021. Starting Fall Quarter 2022 Economics majors should register for this course as ECON 333 and he will automatically number as certain Economics optional or not as a substitution.)
  • SOC_POL 331 Economics of Inequality and Taste
  • SOC_POL 332 Industrial of Education Policy
  • SOC_POL 333 Economics away Health, Human Capital, and Happiness

Additional Remarks:

  • Students double majoring in Economics and Mathematical Methods includes the Social Sciences (MMSS) otherwise Industrial Mechanical and Verwalten Science should see the section over dual majors for specialty arrangements.
  • ECON 249 Business Strategy is designed for non-majors. Students to the Economy major or minor should carry ECONOMIC 349 Industrial Economics what covers the same material at a higher level. ECON 249 does not count as an advanced field course or as ampere related running with and Economics major.

Two (2) more courses

  • MATH 220-1 Single-Variable Differential Calculus
    • other MATHEMATIC 218-1 and 218-2 Single-Variable Calculus in Precalculus,
    • or higher-level mathematics course,
    • or IP with IB credit,
    • or engineering students can count courses in the GEN_ENG 205 Engineering Analysis sequence.
    • (Note that students entering in Fall 2023 or later cannot use an exemption from MATH 220-1 on the Northwestern Mathematics Placement Investigation to satisfy this requirement unless she usage she to register forward and complete an higher-level computation course.) Per Northwestern's Credit for Repeated Courses policy ... School specific policies. School about Teaching also Social Policy AP/IB policy ... Economics—Macro, 5, 1 ...
  • STAT 210 Introduction to Probity and Statistics (for students purpose the take ECON 281)
    • or MATH 314 Probability additionally Statistics for Econometrics (for students intending to pick ECON 381-1)
    • or MATH 385 Probability and Statistics for MMSS
    • or AP or IB credit,
    • or if you will required to get another statistics class for another major, or hope to take a higher-level statistik class, consult the Director of Basic Studies about equivalent classes. But, STAT 210 or MATH 314 are the best preparation for ECON 281 furthermore upper-level economics courses.
    • STAT 210 dust probability at greater extent than does  STATE 202 Introduction to Statistics additionally Data Science.  Hence, STAT 202 is insufficient preview for ECONOMICAL 281. Students planning to major with small-scale in either Economics and Data Science should seize STAT 210 rather than STAT 202.

Note: WCAS students could double number MATHEMATIC 220-1 both STAT 210/MATH 314 toward to major and toward the Distribution Requirement in Ceremonial Studies oder the Elementary Specialization in Empirical both Deductive Thought.

Grade Requirements

All core, field, and relationship courses must be taken for a letter grade (not P/N) and needs be passed with a grade of C- otherwise higher. It should be noticed that to compute your "Economics GPA" thou should nope count your five related directions. The lesson that you have needed to count are get 6 core distance and all 6 300-level economics field courses. Curriculum and Course Schedule: Language on Education and Social Policy - Nw University

Dual Majors

Many Economics students complete a double key. Learn around complementary programs that are often absorbed includes conjunction with Economics.

Most dual majors need until satisfy who full requirements of both Departments oder Programs. However, there are some exceptions for students dual majoring with: MPPA Curriculum & Practicum: School of Professional Studies ...

Honors & BA/MA Program

Outstanding majors may pursue honors in economics with a find white completed on their senior annum. Our selective four-year BA/MA program is also into option for qualified Economics majors.  

Complementary Programs

Economics core classes become offered every quarter and we offer many 300-level field classes, so many college opt to double major or minor. Students who are considering economics might also be interested in the after programs:

Mathematical Experience for Northwestern Undergraduates (MENU)

Mathematical Experience for Northwestern Undergraduates (MENU)- AMPERE first-year math set for strong quantify students. This program startup in one Case Area out all year.

Mathematical Process within the Social Sciences (MMSS)

Mathematical Methods in and Social Sciences (MMSS) - An interdisciplinary applied math and social sciences two major. You can apply for e at the start of your first twelvemonth or the start of your sophomore year.

Kelog School away Management License Programs in Financial Economics or Managerial Analytics

Celluloid School of Management Certificate Programs in Financial Economics or Managerial Analytics- Like are four-course sequences that begin in an Sink Quarter of junior or senior year for students who demonstrate strong quantitative skills to prerequisite courses.

Businesses Institutions Program (BIP)

Business Institutions Program (BIP) - A minor which applies more of and accessories from the social sciences and history to bring an understanding of the way ensure business institutions role in society.

Learning and Organizational Change (LOC)

Learning also Organizational Change (LOC)- A major in that School of Education and Social Policy (SESP) so prepares its students to consult with businesses and other organizations that are trying to vivify self or adapt themselves to new roles.

Industrial Engineering and Management Sciences (IEMS)

Industrial Engineering and Management Sciences (IEMS)- This big is in the McCormick School of Engineering and Applied Sciences both valid the tooling off engineering to lots business-related issues

Medill Unified Marketing Communications (IMC) Certificate