Academics

Requirements

Economics Major | Economics Minor

THE ECONOMICS MAJOR

To complete an economics major, students must successfully complete 11 economics courses, five of which are required and six are electivesAll economics courses except Econ 100, Econ 100G, and Econ 112 have math prerequisites.  Majors must also meet  minimum grade requirements.  For more information on requirements for the Economics major or minor, see BASIC INFO SHEET

All economics majors must complete the following five courses:

Econ 101 - Introduction to Microeconomics
Econ 102 - Introduction to Macroeconomics
Econ 201 - Microeconomic Theory
Econ 202 - Macroeconomic Theory
Econ 205 - Statistical Methods*

Students must receive a letter grade of C- or higher in each of these five courses in order for those courses to be counted toward the major. Beginning in Spring 2013, students will have to earn a grade of B- or better in pre-calculus (or place into calculus) before he or she will be allowed to take Econ 201 and 202.

*UMass Boston courses MSIS 111, Math 125 or Psych 270 will be considered a substitute for Econ 205.

Economics majors must complete six elective courses, including:

  • At least one Field Elective
  • At least two Alternative Approach Electives
  • At least one Capstone Elective

Note: All 400 level courses fulfill the capstone requirement.  In addition to the 400 level courses, the 300 level courses designated (with *) on the following list also fulfill the Capstone requirement. Beginning in Spring 2013, a designated Capstone course will only count towards satisfying the Capstone Elective requirement if it is taken after the student has passed Econ 201. The Capstone Elective requirement applies only to majors who matriculated in Fall 2002 or later.

The category assigned to each of the electives offered by the department is indicated in the following list. 

Field Electives
Econ 212G - Economics of the Metropolitan Area
Econ 318 - The Economics of State and Local Government
Econ 331 - Money and Financial Institutions
Econ 334 - International Trade
Econ 335 - International Finance
Econ 336 - Economic Development*
Econ 345L - Natural Resources and Sustainable Development*
Econ 349L - Economic Approaches to Environmental Problems*
Econ 372 - Comparative Economic Systems*
Econ 380 - Health Economics
Econ 390 - Labor Market Economics
Econ 415 – Economic Demography*
Econ 417 - Public Finance*
Econ 432 - Industrial Organization*
Econ 452 - Econometrics*

Alternative Approach Electives
Econ 308 - History of Economic Thought
Econ 310 - Introduction to Marxist Analysis
Econ 325 - American Economic History
Econ 337 - Emerging Economics in Asia
Econ 338 - The Latin American Economy
Econ 339 - Political Economy of International Migration
Econ 343 - The Political Economy of Black America*
Econ 351 - Economic Philosophy*
Econ 385 - Economics of Education
Econ 391 - Unions and Collective Bargaining
Econ 392 - Women's Economic Roles*
Econ 394 - Sex-Segregated Labor Markets*
Econ 395 - The Economics of Social Welfare*
Econ 435 - The Multinational Corporation*

Other Electives
Econ 476 - Internship in Economics *
Econ 478 - Independent Study, Fall Term*
Econ 479 - Independent Study, Spring Term*
Econ 489 - Senior Honors Project *
Econ 490 - Senior Honors Thesis *

* Capstone Course       

Minimum Grade Requirement

Students must receive a letter grade of C- or higher in each of the five courses required for the economics major (Econ 101, 102, 201, 202, & 205) in order for those courses to be counted toward the major.  This implies that none of these five courses can be taken on a Pass/Fail basis by majors. 

In addition, a cumulative grade point average (GPA) of at least 2.0 in economics courses is required for graduation as an economics major. 

Mathematical Prerequisites

Before students can begin the program of study in economics, they must complete a prerequisite in mathematics.  The prerequisite itself does not count towards the course requirements for the major.  The mathematics prerequisite for Econ 101 (Introduction to Microeconomics), Econ 102 (Introduction to Macroeconomics), and Econ 205 (Statistical Methods) is:

    Math 115 (College Algebra) or
    Math Q114 (Quantitative Reasoning)* or
    equivalent math level, or placement into Math 129 or 130 (score of 59% on ALEKS math placement test)

In addition, Econ 201 (Microeconomic Theory) and Econ 202 (Macroeconomic Theory) have the mathematical prerequisite of:

    Math 129 (Precalculus for Management and Social Science) with a grade of B- or better (effective Spring 2013) or
    Math 130 (Precalculus) with a grade of B- or better (effective Spring 2013) or
    placement into Math 135 (Survey of Calculus) or Math 140 (Calculus) (score of 66% on ALEKS math placement test)

*Math Q114 does not fulfill the prerequisite for Math 129/130

THE ECONOMICS MINOR

Required Courses

The minor in economics consists of six courses in the department. Almost all economics courses have math prerequisites.  These six courses must include:

Econ 101- Introduction to Microeconomics, and
Econ 102- Introduction to Macroeconomics

Two courses at the 300 or 400 level and any two other economics courses at the 200-level or above.  No substitution of non-economics courses will be accepted towards the requirements for the minor, except as described below.

Mathematical Prerequisites

Math 115 (College Algebra) or Math Q114 (Quantitative Reasoning) is a prerequisite for Econ 101 (Introduction to Microeconomics) and for Econ 102 (Introduction to Macroeconomics).

Minor Credit for Non-Economics and Transfer Courses

Economics courses taken at other institutions of higher education may be counted towards the requirements for the economics minor, up to a maximum of two such courses.          One of the following courses at UMass Boston: MSIS 111, Math 125 or Psych 270, may also be counted towards the economics minor (and will be considered a substitute for Econ 205).  These non-economics courses will be considered as one of the two allowable transfer courses for the minor.

For more information on requirements for the Economics major or minor, see the BASIC INFO SHEET

Declaring a Major or Minor in Economics

To declare a major or minor in economics, stop by the department office (Wheatley, fifth floor, room 082) to get the form required by the Registrar. For majors, we will also assign you to an individual faculty member who will serve as your advisor. If you have any questions about declaring a major or minor in economics, you should speak with an economics professor with whom you have a course or you can arrange to talk with the Department Chairperson, Professor Adugna Lemi.