You are here: Home Certificates in Economics

Certificates in Economics

General Information on Certificates in Economics

The Department of Economics has created four new certificate programs for declared Economics majors, effective with the 2016-2017 academic year. The certificates are in Financial Economics, Global Economics, Public Policy Economics and in Economic Theory. These certificates are meant to provide economics majors with an incentive to plan and organize their thinking along several specific career paths that an economics degree is a good launching pad for, to the extent that this appeals to them. There are specific grade requirements, including a minimum overall g.p.a. of 3.0 to receive the certificate, and a minimum B grade for all courses taken to satisfy the certificate requirements.

The certificates are uniform in requiring four courses from a select list of mainly upper level economics electives, including a core course for the certificate, which may be a specific course or one course from a short list of courses. In the latter situation, other courses in the core list may also be used to satisfy the overall course requirement for the certificate. Note that the Certificate in Economic Theory has some additional course requirements outside of economics. Click the tab for the Economic Theory Certificate for details. Certificates are noted on the student’s transcript at graduation, and may be listed on a c.v. or resume as an additional credential.

The Department of Economics also continues to offer the Certificate in Quantitative Economics (CQE), which is open to non-economics majors as well, and which has more extensive course requirements in mathematics, statistics and computer science. Click the tab for the CQE for details.

Finally, note that there is a new Certificate in Philosophy, Politics and Economics, offered jointly by the three departments named in the certificate. This certificate has its own specific requirements, which amount to a minor (at least) in all three fields. Each of the certificates has an associated faculty advisor or advisors. See the links for the specific certificates for more information on advising.

Certificate in Public Policy Economics: The Certificate in Public Policy Economics is intended for students with an interest in working on fundamental policy issues related to labor, health, taxation, the environment, economic equality, gender, and other microeconomic issues. Employment in state and federal government agencies, in non-profit or non-governmental policy organizations, or graduate study in economics or public policy, are likely career paths. Besides the normal core courses for the economics major, students take four of the electives listed below as part of the seven electives required for the major. One of these is a required core course.

Core: One of the following courses

220:402 Labor Economics (formerly 302)
220:417 Health Economics (formerly 316)
220:460 Public Economics (formerly 360)

Electives: Three of the following courses, with the option of including additional courses from the core list above. At least two of these courses must be 400-level. Only one 300-level course, 220:305 or 220:331, may count towards the certificate.

220:305 American Economic History
220:331 Economics of Crime
220:401 Advanced Cross-Sectional and Panel Econometrics
220:403 Advanced Topics in Labor Economics (formerly 304)
220:432 Environmental Economics (formerly 332)
220:438 Education Economics (formerly 338)
220:463 Economics of Taxation (formerly 363)
220:464 Personal Economics and Public Policy (formerly 364)
220:475 Women, Men and the Economy (formerly 375)

Faculty Adviser for the Certificate in Public Policy Economics: Jennifer Hunt. Dr. Hunt is a Professor of Economics at Rutgers with a Ph.D. in Economics from Harvard University. She recently served as Chief Economist at the U.S. Department of Labor, and as Deputy Assistant Secretary for Microeconomic Analysis at the U.S. Department of the Treasury. She teaches Labor Economics at both the undergraduate and graduate levels.

Certificate in Economic Theory: The certificate in Economic Theory is appropriate for students with a strong mathematical preparation who wish to deepen their understanding of microeconomic theory. This track is particularly recommended for students who would like to be better prepared for graduate study in economics. Besides the normal core requirements, students take Calculus II (640:152), Linear Algebra (640:250), and the sequence of Mathematical Theory of Probability (640:477) and Mathematical Theory of Statistics (640:481), or the sequence of Theory of Probability (960:381) and Theory of Statistics (960:382). The 477/481 Math sequence or the 381/382 Statistics sequence can substitute for 960:285 in the major core. For the seven electives for the major, students must take at least four courses, including one core course. With instructor approval, appropriate courses in the Economics PhD Program may be used as electives as well. Students who aspire to enroll in a Ph.D. program in economics are encouraged, though not required for the certificate, to take additional mathematics courses, including Multivariable Calculus (640:251), Elementary Differential Equations (640:252) and Real Analysis (640:300 and 640:311).

Core: one course from the following

220:481 Economics of Uncertainty (formerly 405)
220:482 Game Theory and Economics (formerly 406)

Electives: three courses from the following, with the option of including an additional course from the core list above.

220:327 History of Economic Thought
220:441 Industrial Organization (formerly 341)
220:480 Behavioral and Experimental Economics (formerly 404)
220:483 Information Economics (formerly 407)
220:485 Mathematical Economics (formerly 409)
220:486 Operations Research I (formerly 386)
220:487 Operations Research II (formerly 410)
220:489 Topics in Advanced Economic Theory (formerly 430)

Faculty Adviser for the Certificate in Economic Theory: Colin Campbell. Dr. Campbell is an Associate Professor of Economics at Rutgers with a Ph.D. in Economics from Northwestern University. He teaches microeconomics at the introductory, intermediate and graduate levels, game theory at the undergraduate and graduate levels, and industrial organization at the graduate level.

Certificate in Financial Economics: This concentration provides students with a deep background in the institutions, theory, quantitative practice, and history of the important field of financial economics. Students completing this certificate are well prepared for a career in Wall Street or for graduate study in economics, quantitative finance or financial engineering. Besides the normal core courses for the economics major, students take four of the following courses as part of the seven electives required for the major. One of these is a required core course.

Core:

220:413 Financial Economics (formerly 393)

Electives (three courses)

220:400 Advanced Time Series and Financial Econometrics
220:414 Economics of Capital Markets (formerly 394)
220:415 Portfolio Theory
220:421 Economic Forecasting and Big Data
220:444 Financial and Monetary History of the United States (formerly 344)
220:484 Market Discipline (formerly 408)

Faculty Adviser for the Certificate in Financial Economics: Lauren Demarco. Ms. Demarco has a BS in Finance from St. John’s University and an MS in Financial Engineering from Stevens Institute of Technology. She is a full time instructor in the Rutgers Department of Economics, teaching financial economics, economics of capital markets, and energy economics. She is also an independent commodities trader with a focus on energy markets. Her experience includes quantitative finance, energy markets, energy economics and econometrics.

Certificate in Global Economics: This concentration is for students with an interest in global economic issues, including the international business cycle, long-term economic growth, balance of payments issues, integration of international markets and economic development. This certificate is a good preparation for employment in the Federal Reserve System or other central banks and in international organizations such as the IMF, the World Bank and the UN, and for graduate study in international relations, public policy or economics. Besides the normal core courses for the economics major, students take four courses, including one core course, as part of the seven electives required for the major.

Core: One of the following courses:

220:300 International Economics
220:435 International Trade (formerly 335)
220:436 International Balance of Payments (formerly 336)

Electives: Three of the following courses, with the option of including an additional course from the core list above. Note that only two of the three core courses may be used for credit towards the economics major, and this general rule applies to the certificate as well. Also, only one 300 level course, either 220:300 or 220:307, may count towards the certificate.

220:307 Economics of Globalization
220:400 Advanced Times Series and Financial Econometrics
220:439 Development Economics (formerly 339)
220:443 European Economic History (formerly 343)
220:470 Economic Growth (formerly 370)
220:477 Economics of Population (formerly 377)
220:495 Financial Crises

Faculty Adviser for the Certificate in Global Economics: Alexandre Hohmann. Mr. Hohmann is a full time instructor in the Rutgers Department of Economics, teaching Introductory Economics (both macro and micro), International Economics, and Money, Banking and the Financial System. He has a BS in Economics and Finance and an MS in Finance from Drexel University, and an MA in Economics from Rutgers University. He has twenty-plus years of experience in the private sector, including the telecommunications industry and the mutual fund industry, with responsibilities that include management of global sales and forecasting exchange rate risk.

Contact Us

New Jersey Hall, Room 202
75 Hamilton Street, (CAC)
New Brunswick, NJ
08901-1248
P  (848) 932-7363 (undergraduate)
P  (848) 932-7451 (graduate)
F  (732) 932-7416
Thomas Prusa - Department Chair
Donna Ghilino - Senior Department Administrator
Barry Sopher - Undergraduate Program Director
Hilary Sigman - Graduate Program Director
Undergraduate Inquiries - Help and Advising
Graduate Advisor