Undergraduate Program

Undergraduate Program

Minor in Quantitative Economics

The minor in Quantitative Economics is oriented to students in quantitative majors (e.g., Mathematics, Engineering, Finance, Statistics, Computer Science, etc.), with the intent to provide such students access to upper level electives in economics and Certificate Programs in economics that are ordinarily only available to Economics majors.  The minor consists of the full core of the economics major plus one elective.  Students complete Introduction to Microeconomics and Macroeconomics (01:220:102 and 103), the intermediate core courses in Microeconomics, Macroeconomics and Econometrics (01:220:320, 321 and 322), and one upper level elective from a list of quantitatively-oriented electives (see below).  A grade of C or better is required for all five required courses.  A single D is allowed in an upper level elective.  Students completing the minor in Quantitative Economics are eligible to complete any of the Certificates in Economics, subject to the rules of those certificates. Prerequisites to complete the minor include Calculus I and II (01:640:135-136 or 01:640:151-152) and Statistics for Business (01:960:285 or equivalent). 

Upper level electives for the Quantitative Economics Minor (one is required for the minor).  Completion of the five required courses and prerequisites mentioned above will satisfy the prerequisites for any of these courses:

01:220:410 Advanced Macroeconomic Theory

01:220:422 Advanced Cross-Sectional and Panel Econometrics (formerly 401)

01:220:423 Advanced Time Series and Financial Economics (formerly 400)

01:220:480 Behavioral and Experimental Economics

01:220:481 Economics of Uncertainty

01:220:482 Game Theory and Economics

01:220:483 Markets, Games and Information

01:220:484 Market Discipline

01:220:485 Advanced Microeconomic Theory

01:220:488 Networks and Complexity in Economics (new course under review spring 2020)

Certificate Programs in Economics (the elective above can be selected to be part of a certificate program).  Details on each of the Certificates are available elsewhere in the catalog:

Certificate in Economic Theory

Certificate in Computational Economics and Data Analytics

Certificate in Financial Economics

Certificate in Global Economics

Certificate in Public Policy Economics

“4+1” Programs for Economics Students

The Certificate Programs in economics are a natural path to a number of “4+1” programs within Rutgers University, whereby well-prepared students can receive some credit towards a master’s degree during their senior year, and then complete a master’s degree with one more year of coursework. The Certificate in Economic Theory and the Certificate in Quantitative Economics are particularly well-suited to this purpose, as they include more emphasis on mathematics and statistics as part of the program. The other Certificate programs in economics, or the Economics Major without a Certificate, are also fine, provided students are prepared to do the additional mathematics courses (a second semester of calculus, at a minimum) that most of these programs entail. Links to the different programs we recommend are listed below. Contact the advisors for the specific programs, or the This email address is being protected from spambots. You need JavaScript enabled to view it.in Economics, for more information. Although we are referring to these as “4+1” programs, the different programs may use different terminology. But it is possible in all of these programs to complete a BA in 4 years and then a master’s degree in one more year, with appropriate planning and preparation.

MBS in Data Analytics 4+1: Students should contact Professor Deborah Silver with questions about the “4+1” version of the program. This program is run by the Master of Business and Science programs in the Graduate School-New Brunswick.


MS in Mathematical Finance 4+1: Contact Professor Paul Feehan with questions. This program is run by the Department of Mathematics in New Brunswick.


MBA in Professional Accounting 4+1: Contact the Graduate Admissions Office of the Rutgers Business School for more information:


Certificate in Computational Economics and Data Analytics:  This concentration provides students with a deep background in advanced tools for analysis of economic data, including traditional regression methods commonly used in economics, as well as more computationally intensive methods, such as machine learning.  Students completing this certificate will be well-prepared for positions in a wide range of business and government organizations where high through-put analysis of incoming data is valued.  The certificate is also an excellent preparation for graduate study in economics or decision sciences, particularly for areas where computational modeling of economic decision making and analysis of data from decision making is the focus.  Students can choose from advanced econometrics and theory courses in economics.    Students planning to pursue this certificate should have a strong aptitude and interest in both econometrics and economic theory, and are recommended to complete econometrics (01:220:322) and calculus II (01:640:136 or 152) as early as possible.  As for all of the certificate programs in economics, a total of four courses, each with a grade of B or better, are required, as well as an overall g.p.a. of at least 3.0.  This certificate may be completed either through selection of appropriate electives, as part of the Major in Economics, or by completing three additional courses beyond those required for the Minor in Quantitative Economics. 


01:220:420 Computational Methods for Research in Economics

Data Methods electives (at least one from this list):

01:220:421 Economic Forecasting and Big Data

01:220:422 Advanced Econometrics for Microeconomic Data (formerly 401)

01:220:423 Advanced Time Series and Financial Economics (formerly 400)

01:220:424 Machine Learning for Economics 

Economic Theory electives (at least one from this list):

01:220:410 Advanced Macroeconomic Theory

01:220:480 Behavioral and Experimental Economics

01:220:481 Economics of Uncertainty

01:220:482 Game Theory and Economics

01:220:483 Games, Markets and Information

01:220:485 Advanced Microeconomic Theory

01:220:488 Networks and Complexity in Economics 

Faculty Advisor for the Certificate in Computational Economics and Data Analytics: Barry Sopher

This link will open a new tab for an outside webpage (for the Rutgers Department of Political Science) for all the details about this new certificate program. To return to the Economics Certificates page, just close this new tab when you are finished, or click on the tab for the Economics Certificate page you are currently on.

Minor in Philosophy, Politics and Economics

Undergraduate Course Descriptions
Electives that Only Count Towards the Economics Minor

Note: the combination of 01:220:210 and 01:220:211, each of which is a 1.5 credit course, may be used to count for one of the four electives in the economics minor. Students who are able to satisfy the prerequisite for 01:220:211 with an appropriate statistics course do not need to take 01:220:210 (but are encouraged to do so), but in either case will also satisfy one of the four electives for the economics minor by completing 01:220:211.

Upper Level Electives

(Note that as of Fall 2016 all upper level electives have 400-level numbers. Credit will still be given for upper level electives taken prior to Fall 2016 that had a 300-level number. Several upper level electives that were previously 400-level have also been given new, also 400-level, numbers. In either case, credit will only be given for either the course with the pre-Fall 2016 number or the course with the new number. Specifics are noted for each course individually whose number has changed. A full concordance of all courses whose numbers have changed, with the old and new number, is available here .)

Undergraduate Junior Awards


2021 Award Winners and Honors Designations


Undergraduate Awards


2021 Award Winners and Honors Designations


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