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Effective Fall 2015
Academic minor in Economics is not open to students with a major in the Department of Economics.
Students wishing to pursue a minor in Economics must develop a specific plan for its completion in consultation with one of the Department's designated advisors.
A minor in economics provides a useful background for students seeking careers in law, business, government, journalism, and teaching. Students concentrating in one of the other social sciences are often interested in economic issues and the study of economics provides them with tools useful for analyzing the economic aspects of issues in these other disciplines. The analytic skills and knowledge of economic institutions developed in the pursuit of the minor in economics will be useful to students in all disciplines who will be contributing to business and public policy decisions. Students completing the minor in economics develop analytical skills through exploring the paradigms of microeconomics and macroeconomics at the intermediate level and increase their understanding of economics institutions and of application of economic principles.
Schedule an appointment with an economics minor advisor to declare an economics minor. Students must complete the prerequisites to the minor before declaring and must have a GPA of at least 2.0 in the minor.
Prerequisites to the Minor
ECON 101 and 102 and MATH 115, each completed with grade at least C. One of the Honors alternatives to MATH 115 may be substituted for MATH 115. Advanced placement credits in MATH 121 may be substituted for MATH 115. Credits in MATH 120 alone do not satisfy the mathematics prerequisite for an economics major or minor. Students with this credit may complete the economics mathematics prerequisite by completing, with a grade of at least C, MATH 115, MATH 116, or one of the Honors alternatives to these courses
Requirements for the Minor
17 credits in ECON at the 300-level and above, distributed as follows:
- ECON 401 (Intermediate Microeconomics) and ECON 402 (Intermediate Macroeconomics), each completed with a grade of at least C- [ECON 401 should be taken before ECON 402.]
- Nine additional credits in upper level (300 and 400 level) ECON courses, including at least 3 credits in courses with ECON 401 or ECON 402 as a prerequisite.
One (but only one) of ECON 452 and 454 may be counted toward this requirement. Neither ECON 451 nor 453 may be counted toward this requirement.
Ann Arbor campus requirement: Any courses to be taken for the minor outside the Ann Arbor campus of the University should be approved in advance by an economics department advisor. At least 11 credits in the minor plan, including ECON 401, ECON 402, and the 3 credits in upper-level economics elective with the ECON 401 or ECON 402 prerequisite, must be taken at the Ann Arbor campus (excluding STDABRD and transfer courses).
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