Economics Option
Option Representative: Kim C. Border.
The economics option provides students with an understanding of the basic priciples 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 sudents with an excellent preparation for graduate study in economics or for professional study in the fields of business or law and economics.
The option is sufficiently flexible that students can combine their pursuit of economics with studies in other areas, such as engineering, physics, or mathematics. The core of the option consists of Introduction to Economics, EC 11; Theory of Value, Ec 121; Econometrics, Ec 122; and Macroeconomics, Ec 123. Students will supplement this core with additional electives in economics, political science, and mathematics.
Current Economics Courses
- TBD
Economics Option Requirements
- Ec 11, Ec 121 ab, and Ec 122, Ec/SS 20.
- Ma 112 a.
- Ec 161 or Ec 162.
- Ec 105 or Ec 145.
- 54 additional units of advanced economics and social science courses. (Courses that are used to fulfill the Institute upperclass social science requirement [courses numbered 100 and above] will also count toward the 54 additional units required under the economic and social science options.) Students may take BEM 104 or BEM 1005 (or BEM 110 with the consent of the option) in partial fulfillment of this requirement.
- 45 additional units of science, mathematics and engineering courses. The requirement cannot be satisfied by courses listed as satisfying the introductory laboratory requirement or by any course with a number less than 10.
- Passing grades must be earned in a total of 486 units, including all courses used to satisfy the above requirements
Typical Course Schedule
| Units per term | ||||
| 1st | 2nd | 3rd | ||
| Second Year | ||||
| Ma 2 ab | Sophomore Mathematics (4-0-5) | 9 | 9 | - |
| Ph 2 ab | Sophomore Physics (4-0-5) | 9 | 9 | - |
| Menu Course | - | - | 9 | |
| Ec 11 | Introduction to Economics (3-0-6) | 9 | - | - |
| Ps 12 | Introduction to Political Science (3-0-6) | 9 | - | - |
| Electives1 | 18 | 27 | 27 | |
| 45 | 45 | 45 | ||
| Third Year | ||||
| Ec 105 | Industrial Organization (3-0-6) | 9 | - | - |
| Ec 121 ab | Theory of Value (3-0-6) | 9 | 9 | - |
| Ec 122 | Econometrics (3-0-6) | - | 9 | - |
| Ec 162 | Monetary Theory (3-0-6) | - | 9 | - |
| Ma 112 a | Statistics (3-0-6) | 9 | - | - |
| Electives1 | 27 | 27 | 27 | |
| 54 | 54 | 27 | ||
| Fourth Year | ||||
| Electives1 | 45 | 45 | 45 | |
| 1See requirements 6 and 7 above | ||||