The foundation of the curriculum in economics consists of
01:220:102,103, 320, 321, and 322. It also
requires one semester of statistics (01:960:211 or preferably 285) with a grade of C or better.If possible, 01:960:285 should be taken
in the semester immediately prior to the one in which the student expects to
take econometrics (01:220:322).
One semester of calculus (01:640:135 or equivalent) with a grade of C or better
also is required. Second semesters of both calculus and statistics are strongly
recommended. The seven required courses (five in economics, one in statistics,
and one in mathematics) plus seven electives within economics (which may, under
certain circumstances, include a limited number of courses from related
disciplines) constitute the major. Engineering students who take 01:220:200 Economic
Principles and Problems will use this in place of 01:220:102 and 103, and will need to take eight electives
instead of seven. Credit is not given for 01:220:200 and for 01:220:102 or 103.
Students can count no more than three courses that have no prerequisites, or whose prerequisites
are only 01:220:102 and 103 (or only 200), toward the seven required electives needed to complete the economics
major. (These courses are often
referred to as "lower-level" electives.) Typically, most transfer courses that
count as economics electives fall into this category. An economics major who
has taken 200 in lieu of 102 and 103 may take a maximum of four electives that
have no prerequisites or only 102 and 103 as prerequisites.
For both students who begin at Rutgers as first-year students and for transfer students, a maximum of
three economics courses taken outside the Department of Economics at
Rutgers University-New Brunswick may be applied toward the major. Transfer students who
wish to apply transfer courses toward the major must obtain approval from the
undergraduate adviser. Enrolled economics majors who wish to take an economics
course outside of Rutgers-New Brunswick must have prior approval from the
undergraduate adviser. Students
should consult the economics department for further information on courses
offered by the Department of Agricultural, Food, and Resource Economics (major
in Environmental and Business Economics) at the School of Environmental and
Biological Sciences and by other departments in the School of Arts and
Economics majors can receive credit for two accounting
courses offered by the Rutgers Business School: Undergraduate-New Brunswick program. Students
may take 33:010:272 and 275. These courses will count toward the required seven
electives and are considered courses outside the Rutgers-New Brunswick Department of
Economics. Accounting courses are
considered lower-level electives.
To declare a major in economics, a student must have a grade
of C or better in both 01:220:102 Introduction to Microeconomics and 01:220:103 Introduction to Macroeconomics. The student must also have completed the
required calculus course with a grade of C or better.
To satisfactorily complete the major, students must have a
minimum cumulative grade-point average of 2.0 in the major. A grade of C or
better is required in 102,103, 320, 321, 322, the required statistics course,
and the required calculus course. Only one elective course with a grade of D can count toward the major.
Students who major in economics (220) may not minor in environmental and business economics (373).
All courses taken outside Rutgers-New Brunswick need to be