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Minor in Economics

The Undergraduate Economics Program offers an minor in Economics to students who wish to add a focus in economics onto their primary course of study. Students who are take economics courses as part of their major/minor curricula may need to take additional courses so that double counting of courses does not occur.   Careful planning is needed because there are many sequenced core courses. Interested students are urged to plan out their four years with their primary advisor and economics advisor.

The requirements for a minor in Economics consist of mathematics requirements, statistics requirements, and the six economics courses listed below. Students who are take economics courses as part of their major/minor curricula may need to take additional courses so that double counting of courses does not occur. The curriculum listed below is the most recent;   students are responsible for meeting the requirements listed in the Carnegie Mellon Course Cataloge of their entering year. Students who entered Carnegie Mellon prior to Fall 2008, click here. 

Minor in Economics Requirements for Students Entering Carnegie Mellon in Fall 2008

1. Mathematical Prerequisites
21-120: Differential and Integral Calculus
and
Choose one:
21-256:  Multivariate Analysis and Approximation
21-259:  Calculus in Three DimensionsA

19 Units
 10 units


 10 units
   9 units

2. Programming Prerequisite
15-100:  Introductory/Intermediate ProgrammingB

10 Units
 10 units

3. Economic Theory Requirements
73-100:  Principles of Economics
73-150:  Microeconomics
73-200:  Macroeconomics
73-252:  Advanced Microeconomic Theory
73-253:  Advanced Macroeconomic Theory          
39 Units
   9 units
   9 units
   9 units
   6 units
   6 units

4. Quantitative Analysis RequirementC
Choose one option:
Option 1:
36-202:  Statistical Methods
36-310:  Fundamentals of Statistical Modeling
73-261:  Econometrics

Option 2:
36-225:  Introduction to Probability and Statistics ID
36-226:  Introduction to Probability and Statistics II
73-261:  Econometrics

27 Units
            

   
   9 units
   9 units
   9 units
           


   9 units
   9 units
   9 units

5. Advanced Economics Electives
Students must take two advanced economics elective courses. Advanced elective courses are those courses numbered 73-300 through 73-495, as well as courses designated by the Undergraduate Economics Program which are offered by other departments/programs. Additionally, students may work with their advisor to structure a set of courses to meet these requirements based on their particular interests, subject to course availability.  
       18 Units
           

A: 21-256 (Multivariate Analysis and Approximation) can be substituted for 21-259 (Calculus in Three Dimensions). Students should meet with an Economics advisor to discuss which math course to take and the associated outcomes.
B: Beginning in Fall 2009, either 15-110 (formerly known as 15-100) or 15-117 will fulfill the programming requirement for the B.S. in Economics.
C: Students are encouraged to meet with an Economics advisor to discuss which statistics path to follow and the associated outcomes.
D: Acceptable equivalents for 36-225 (Introduction to Probability and Statistics I) are: 15-359 (Probability and computing), 21-325 (Probability) , and 36-217 (Probability Theory and Random Processes).

Minor in Economics Requirements for Students Entering Carnegie Mellon Prior to Fall 2008

Mathematical Requirements
21-120:   Differential/Integral Calculus
and 
Choose one:
21-256:   Multivariate Analysis and Approximation
21-259:   Calculus in Three Dimensions

19 Units
10 units

 9 units
 9 units

Statistics Requirement
Choose one:
36-201:   Introduction to Statistical Methods
36-207:   Probability and Statistics for Business Applications
36-217:   Probability Theory and Random Processes
36-220:   Engineering Statistics and Quality Control
36-225:   Introduction to Probability and Statistics I
36-310:   Fundamentals of Statistical Modeling
73-207:   Probability Theory for Economists
and
Choose one:
36-202:   Statistical Methods
36-208:   Regression Analysis
36-228:   Introduction to Probability and Statistics II
73-226:   Quantitative Economic Analysis
88-250:   Regression Methods in the Social Sciences

18 Units

 
9 units
 9 units
 9 units
 9 units
 9 units
9 units
9 units
 
 
9 units
 9 units
 9 units
 9 units
9 units

Economics Requirements
73-100:   Principles of Economics
73-150:   Microeconomics
73-200:   Macroeconomics
73-xxx:   Advanced Economic ElectivesA
73-xxx:   Advanced Economic ElectivesA
73-xxx:   Advanced Economic ElectivesA

54 Units
9 units
 9 units
 9 units
 9 units
 9 units
 9 units

A: Advanced elective courses are those courses numbered 73-300 through 73-495, as well as courses designated by the Undergraduate Economics Program which are offered by other departments/programs.

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