Division of the Humanities and Social Sciences
Economics Option
Undergraduate Option Representative: Kim C. Border.
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The economics option provides students with an understanding of the basic principles underlying the functioning of economic institutions. It offers a modern and quantitative approach to economics seldom available to undergraduates. The emphasis on economic principles and modern methodology provides students with an excellent preparation for graduate study in economics or for professional study in the fields of business, law, or economics.
The option is sufficiently flexible that students can combine their pursuit of economics with studies in engineering, mathematics, or science. The core of the option consists of an economic theory component, a data analysis component, an applied microeconomic component, and a macroeconomic/growth component. Students are strongly encouraged to supplement this core with additional electives in economics, political science, and mathematics.
Option Requirements
- Ec 11 and BEM/Ec/SS 20.
- Theory: Ec 121 ab and PS/Ec 172.
- Data analysis: one of Ma 112 a or ACM/ESE 118, followed by Ec 122.
- Applied microeconomics: one of Ec 105, 118, or 145.
- Macroeconomics and growth: one of Ec 123, Ec/SS 129, 130, or Ec 140.
- 45 additional units of advanced economics and social science courses. (Courses that are used to fulfill the Institute advanced social science requirement [courses numbered 100 and above] will also count toward this requirement.) Students may also take classes from the following list in partial fulfillment of this requirement: any BEM course except BEM 101; ACM 113, ACM 116. Students who take both Ma 112 a and ACM 118 may count one of them under requirement 3 and the other one for this requirement.
- 45 additional units of advanced science, social science, mathematics, and engineering courses. The requirement cannot be satisfied by any course with a number less than 100.
- Passing grades must be earned in a total of 486 units, including all courses used to satisfy the above requirements.
Current Economics Courses
- TBD
Typical Course Schedule
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Units per term
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1st
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2nd
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3rd
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Second Year
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Ma 2 ab
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Sophomore Mathematics (4-0-5)
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9
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9
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-
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Ph 2 ab
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Sophomore Physics (4-0-5)
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9
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9
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-
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Menu Course
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-
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-
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9
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Ec 11
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Introduction to Economics (3-0-6)
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9
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-
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-
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Ps 12
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Introduction to Political Science (3-0-6)
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-
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-
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9
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Electives1
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18
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27
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27
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45
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45
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45
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Third Year
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Ec 105
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Industrial Organization (3-0-6)
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-
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9
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-
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Ec 121 ab
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Theory of Value (3-0-6)
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9
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9
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-
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PS/Ec 172
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Game Theory (3-0-6)
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-
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-
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9
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Ec 122
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Econometrics (3-0-6)
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9
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-
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-
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Ec 123
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Macroeconomics (3-0-6)
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-
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-
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9
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Ma 112 a
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Statistics (3-0-6)
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9
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-
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-
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Electives1
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18
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27
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27
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45
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45
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45
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Fourth Year
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BEM/Ec/SS 20
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Scientific Writing (2-0-4)
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-
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6
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-
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Electives1
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45
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39
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45
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45
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45
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45
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1See requirements 5 and 6 above
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