Minor Requirements

As of the Fall of 2020 there are two different Minors in Economics:

The new Minor in Quantitative Economics permits quantitatively well-prepared students to do the core of the Economics major, and gives them access to the Certificate Programs in Economics, with fewer required electives than the full Major in Economics.

The traditional Minor in Economics introduces students to both microeconomics and macroeconomics, allows students to explore a variety of economic institutions and economic policies that characterize the modern economy, and provides training in basic data analysis.

Both minors require a total of 18 credits in economics.

Specific requirements for the Minor in Quantitative 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. Mathematical Theory of Probability (01:640:477) or Mathematical Theory of Statistics (01:640:481) may substitute for the Statistics prerequisite.

One upper level (i.e., 400-level) elective in economics from the following list:

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)

01:220:424 Advanced Analytics for Economics

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

01:220:485 Advanced Microeconomic Theory

01:220:489 Topics in Advanced Economic Theory

All of these 400 level courses have an additional prerequisite of Calculus II (01:640:136 or 152) with a grade of C or better.  One grade of D is allowed for this minor.

Students completing this minor may, opt to pursue the Certificate Programs in Economics, including the Certificate in Economic Theory, the Certificate in Computational Economics and Data Analytics, the Certificate in Financial Economics, the Certificate in Global Economics, or the Certificate in Public Policy Economics.  Details on the Certificates are elsewhere on the Economics web page.

Specific requirements for the traditional Minor in Economics:

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

Economic Data Analytics: Introduction to Data Management, Statistics and Regression Analysis (01:220:212) with a grade of C or better.

Three electives or core economics courses (i.e., 300-level economics courses).  One grade of D is allowed for this minor.   The following 300 level courses are the most usual choices for electives by students completing the minor:

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

"The intermediate core courses (01:220:320, 321 and 322) or any 400-level elective course in economics, may also be used, though additional prerequisites are required for these courses."

Engineering students may use 14:540:343, Engineering Economics, as an elective course for this minor. 

Note that accounting courses cannot be used towards either minor.  Only two courses outside of the Economics Department in Rutgers-New Brunswick will be accepted towards either minor.

For information on declaring your minor My Major/Minor