Major Requirements

Economics is the science of how things get decided, for individuals, for families, for organizations, for businesses, and for society as a whole.  It’s about work, education, production, leisure and happiness. It’s about who does what, who gets paid, and how much. It’s about business, but it’s about much more than just business. 

The Major in Economics involves core courses in microeconomic theory, macroeconomic theory and econometrics, supplemented by a wide range of elective courses across many topic areas.  There is a strong emphasis on modern quantitative methods of data analysis paired with rigorous theoretical modelling.  Students can concentrate their studies in a variety of Certificate Programs, and qualified students can do independent research projects as an honors thesis project. 

Specific Requirements for the Major in Economics

Introduction to Microeconomics (01:220:102) and Introduction to Macroeconomics (01:220:103), both with a grade of C or better.

Intermediate Microeconomic Analysis (01:220:320) and Intermediate Macroeconomic Analysis (01:220:321).  These courses have the introductory courses and Calculus I (01:640:135 or 151), all with a grade of C or better, as prerequisites. 

Econometrics (01:220:322).  This course has the introductory courses, Calculus I, and Statistics (01:960:285 or 01:960:211), all with a grade of C or better, as prerequisites.

Seven (7) electives complete the major.  There are two types of electives, lower-level and upper-level.  Lower level electives generally have only Introductory Economics (102 and 103) as prerequisites.  The signature course, Inequality (01:220:120) has no prerequisites, but will count as a lower level elective.  Other lower level electives are 300-level courses. Upper level electives have some combination of Intermediate Microeconomics (01:220:320), Intermediate Macroeconomics (01:220:321) and/or Econometrics (01:220:322), all with a grade of C or better, as prerequisites, and sometimes Calculus II (01:640:136 or 152) as a prerequisite as well.  Upper level electives are 400-level courses.  Students must complete at least four (4) upper level electives, and no more than three (3) lower level electives may count towards completing the major. One grade of D is allowed in the electives.

Policy on Courses from RU-Newark and RU-Camden:

Students cannot use Intermediate Microeconomics, Intermediate Macroeconomics, or Econometrics from Rutgers in Newark or Camden towards the SAS Economics Major, unless the courses were taken in Spring 2011 or earlier.

Lower Level Electives

The following lower level electives are regularly offered (at least once a year, often every semester)

01:220:300 International Economics

01:220:301 Money, Banking and the Financial System

01:220:303: Labor Markets and Institutions

01:220:305 American Economic History

01:220:307 Economics of Globalization

01:220:311 Methods of Cost-Benefit Analysis

01:220:312 Sports Economics

01:220:331 Economics of Crime

01:220:334 Energy Economics

01:220:389 Public Policy towards Business

01:220:395 Law and Economics

Upper Level Electives

The following upper level electives are regularly offered (generally at least once a year, sometimes every semester)

01:220:402 Labor Economics

01:220:410 Advanced Macroeconomic Theory

01:220:411 Global Financial Crises

01:220:412 Monetary Theory and Policy

01:220:413 Financial Economics

01:220:414 Economics of Capital Markets

01:220:415 Portfolio Theory

01:220:420 Computational Methods for Research in Economics

01:220:421 Economic Forecasting and Big Data

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

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

01:220:424 Advanced Analytics for Economics

01:220:432 Environmental Economics

01:220:433 Health Economics (formerly 417)

01:220:435 International Trade

01:220:436 International Macroeconomics and Finance

01:220:438 Education Economics

01:220:439 Economic Development

01:220:440 Economics of Income Inequality and Discrimination

01:220:441 Industrial Organization

01:220:443 European Economic History

01:220:444 Financial and Monetary History of the United States

01:220:460 Public Economics

01:220:463 Economics of Taxation

01:220:464 Personal Economics and Public Policy

01:220:475 Women, Men and the Economy

01:220:477 Economics of Population

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

01:220:489 Topics in Advanced Economic Theory

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