Rutgers, The State University of New Jersey
Undergraduate-New Brunswick
About the University
Undergraduate Education in New Brunswick
Programs of Study and Courses for Liberal Arts and Sciences Students
Programs, Faculty, and Courses
Availability of Majors
Course Notation Information
Accounting 010
African Area Studies 016
African, Middle Eastern, and South Asian Languages and Literatures 013
Africana Studies 014
Agriculture and Food Systems 020
American History 512
American Literature
American Studies 050
Animal Science 067
Anthropology 070
Armenian 078
Art 081
Art History 082
Arts and Sciences 090
Asian Studies 098
Astrophysics 105
Biological Sciences
Biomedical Sciences
Biotechnology 126
Business Analytics and Information Technology 623
Business Law 140
Cell Biology
Chemistry 160
Chinese 165
Chinese Studies 170
Cinema Studies 175
Cognitive Science 185
Communication 192
Community Development
Comparative Literature 195
Computer Science 198
Criminal Justice 202
Criminology 204
Dance 203, 206
Design 208
Digital Filmmaking 211
East Asian Languages and Area Studies 214
Ecology, Evolution, and Natural Resources 216
Economics 220
Learning Goals for Economics Majors
Major Requirements
Minor Requirements
Honors Research in Economics
Certificate Programs
Education 300
Entomology 370
Environmental and Business Economics 373
Environmental Certificates
Environmental Planning and Design 573
Environmental Policy, Institutions, and Behavior 374
Environmental Sciences 375
Environmental Studies 381
European Studies 360
Exercise Science 377
Film Studies
Finance 390
Food Science 400
French 420
Gender and Media 438
Geography 450
Geological Sciences 460
German 470
Greek 490
Greek, Modern Greek Studies 489
Health Administration 501
Health and Society 502
History/French Joint Major 513
History/Political Science Joint Major 514
Human Resource Management 533
Hungarian 535
Individualized Major 555
Information Technology and Informatics 547
Interdisciplinary Studies, SAS 556
International and Global Studies 558
Italian 560
Japanese 565
Jewish Studies 563
Journalism and Media Studies 567
Junior Year Abroad
Korean 574
Labor Studies and Employment Relations 575
Landscape Architecture 550
Latin 580
Latin American Studies 590
Latino and Caribbean Studies 595
Leadership and Management 605
Life Sciences
Linguistics 615
Management and Global Business 620
Marine Sciences 628
Marketing 630
Mathematics 640
Medicine and Dentistry
Medieval Studies 667
Meteorology 670
Microbiology 680
Middle Eastern Studies 685
Military Education, Air Force 690
Military Education, Army 691
Military Education, Naval 692
Molecular Biology
Nutritional Sciences 709
Operations Research 711
Organizational Leadership 713
Philosophy 730
Physics 750
Physiology and Neurobiology
Planning and Public Policy 762
Plant Biology 776
Polish 787
Political Science 790
Portuguese 810
Psychology 830
Public Health 832
Public Policy 833
Religion 840
Russian 860
Sexualities Studies 888
Social Justice 904
Social Work 910
Sociology 920
South Asian Studies 925
Spanish 940
Sport Management 377
Statistics and Biostatistics 960
Study Abroad 959
Supply Chain Management 799
Theater 965, 966
Ukrainian 967
Urban Planning and Design 971
Urban Studies
Visual Arts
Women's and Gender Studies 988
World Language Proficiency Certificates
School of Arts and Sciences
School of Environmental and Biological Sciences
Mason Gross School of the Arts
Ernest Mario School of Pharmacy
Rutgers Business School: Undergraduate-New Brunswick
School of Communication and Information
School of Engineering
Edward J. Bloustein School of Planning and Public Policy
School of Management and Labor Relations
Honors College of Rutgers University-New Brunswick
General Information
Divisions of the University
Camden Newark New Brunswick/Piscataway
New Brunswick Undergraduate Catalog 2017-2019 Programs of Study and Courses for Liberal Arts and Sciences Students Programs, Faculty, and Courses Economics 220 Certificate Programs  

Certificate Programs


The Department of Economics has six different certificate programs. Four of these programs are concentrations for declared economics majors, while the other two are open to nonmajors. The certificates for economics majors are in financial economics, global economics, public policy economics, and economic theory. These certificates are meant to provide economics majors with an incentive to plan and organize their thinking and course selection along several specific career paths. There are specific grade requirements, including a minimum overall grade-point average (GPA) of 3.0 to receive the certificate, and a minimum B grade for all courses taken to satisfy the certificate requirements.

These certificates are uniform in requiring four courses from a select list of mainly upper-level economics electives, including a core course for the certificate, which may be a specific course or one course from a short list of courses. In the latter situation, other courses in the core list may also be used to satisfy the overall course requirement for the certificate. Note that the certificate in economic theory has some additional course requirements outside of economics.

The certificate programs open to nonmajors are the certificate in quantitative economics (CQE) and the certificate in philosophy, politics, and economics, which the Department of Economics runs jointly with the Departments of Philosophy and Political Science. 

Certificates are noted on the student's transcript at graduation, and may be listed on a CV or résumé as an additional credential. Details on all of the certificate programs follow.

Certificate in Financial Economics: This concentration provides students with a deep background in the institutions, theory, quantitative practice, and history of the important field of financial economics. Students completing this certificate are well prepared for a career in Wall Street or for graduate study in economics, quantitative finance, or financial engineering. Besides the normal core courses for the economics major, students take four of the following courses as part of the seven electives required for the major. One of these is a required core course. 

220:413  Financial Economics 

Electives (three courses)
220:400  Advanced Time Series and Financial Econometrics
220:414  Economics of Capital Markets
220:415  Portfolio Theory
220:421  Economic Forecasting and Big Data
220:444  Financial and Monetary History of the United States 
220:484  Market Discipline 

Certificate in Global Economics: This concentration is for students with an interest in global economic issues, including the international business cycle, long-term economic growth, balance of payments issues, integration of international markets, and economic development. This certificate is a good preparation for employment in the Federal Reserve System or other central banks and in international organizations such as the IMF, the World Bank, and the UN, and for graduate study in international relations, public policy, or economics. Besides the normal core courses for the economics major, students take four courses, including one core course, as part of the seven electives required for the major.

Core: One of the following courses:
220:300  International Economics
220:435  International Trade
220:436  International Balance of Payments

Electives: Three of the following courses, with the option of including an additional course from the core list above. Note that only two of the three core courses may be used for credit toward the economics major, and this general rule applies to the certificate as well. Also, only one 300-level course, either 220:300 or 220:307, may count toward the certificate.

220:307  Economics of Globalization
220:400  Advanced Times Series and Financial Econometrics
220:401  Advanced Econometrics
220:439  Economic Development
220:443  European Economic History
220:470  Economic Growth
220:477  Economics of Population
220:495  Seminar in Economics

Certificate in Public Policy Economics:
The certificate in public policy economics is intended for students with an interest in working on fundamental policy issues related to labor, health, taxation, the environment, economic equality, gender, and other microeconomic issues. Employment in state and federal government agencies, in nonprofit or nongovernmental policy organizations, or graduate study in economics or public policy, are likely career paths. Besides the normal core courses for the economics major, students take four of the electives listed below as part of the seven electives required for the major. One of these is a required core course.

One of the following courses
220:402  Labor Economics (formerly 302)
220:417  Health Economics (formerly 316)
220:460  Public Economics (formerly 360)

Three of the following courses, with the option of including additional courses from the core list above. At least two of these courses must be 400 level.
220:305  American Economic History
220:331  Economics of Crime
220:401  Advanced Econometrics
220:403  Special Topics in Labor Markets (formerly 304)
220:432  Environmental Economics (formerly 332)
220:438  Education Economics (formerly 338)
220:463  Economics of Taxation (formerly 363)
220:464  Personal Economics and Public Policy (formerly 364)
220:475  Women, Men and the Economy (formerly 375)

Certificate in Economic Theory:
The certificate in economic theory is appropriate for students with a strong mathematical preparation who wish to deepen their understanding of microeconomic theory. This track is particularly recommended for students who would like to be better prepared for graduate study in economics. Besides the normal core requirements, students take Calculus II (640:152), Linear Algebra (640:250), and the sequence of Mathematical Theory of Probability (640:477) and Mathematical Theory of Statistics (640:481), or the sequence of Theory of Probability (960:381) and Theory of Statistics (960:382). The 477/481 math sequence or the 381/382 statistics sequence can substitute for 960:285 in the major core. For the seven electives for the major, students must take at least four courses, including one core course. With instructor approval, appropriate courses in the economics Ph.D. program may be used as electives as well. Students who aspire to enroll in a Ph.D. program in economics are encouraged, though not required for the certificate, to take additional mathematics courses, including Multivariable Calculus (640:251), Elementary Differential Equations (640:252), and Real Analysis (640:300 and 640:311). There are specific grade requirements, including a minimum overall GPA of 3.0 to receive the certificate, and a minimum B grade for all courses taken to satisfy the certificate requirements.

One course from the following
220:481  Economics of Uncertainty
220:482  Game Theory and Economics

Three courses from the following, with the option of including an additional course from the core list above.
220:327  History of Economic Thought
220:441  Industrial Organization
220:480  Behavioral and Experimental Economics
220:483  Economics of Information
220:485  Mathematical Economics
220:486  Operations Research I
220:487  Operations Research II
220:489  Topics in Advanced Economic Theory

Certificate in Quantitative Economics: The certificate in quantitative economics (CQE) is intended to enhance economics education for exceptional students in a cost-effective manner. Building on the existing major requirements, the certificate will be awarded to students who complete additional courses in mathematics, statistics, and computer science. The certificate is available to both economics majors and minors.


The CQE will be overseen by a faculty adviser appointed by the undergraduate director. Interested students should meet with the adviser as early as possible. Students will continue to meet with the adviser each semester to review their progress. To receive the certificate, students must maintain a B average in the economics major/minor and in the additional certificate courses.

1. Mathematics: Calculus for Mathematical and Physical Sciences (640:151,152) or Honors Calculus (640:191,192) or equivalent (Note: 640:135 will be accepted in place of 640:151 but 640:136 does not satisfy the prerequisite for 640:251 Multivariable Calculus. Students must take 640:152 [or 192].)

2. Linear Algebra (640:250)

3. Multivariable Calculus (640:251 or Honors 640:291)

4. Statistics: Theory of Probability (960:381) and Theory of Statistics (960:382) or Mathematical Theory of Probability (640:477) and Theory of Statistics (640:481); students considering a minor in math should normally take these courses.

Note: The two-course sequence (960:381-382 or 640:477,481) will substitute for the normal economics statistics requirement.

5. Introductory Computing for Statistics (960:390) or Computing and Graphics in Applied Statistics (960:486).  Note that 960:390 is a 1-credit, 5-week course, while 960:486 is a 3-credit, 14-week course.

6. Computer Science: Two of the following courses:

Introduction to Computers and their Application (198:110)

Introduction to Computer Science (198:111)

Data Structures (198:112)

Computer Application for Business (198:170)

(Students may not take both 198:110 and 198:170.)

7. Economics: All four of the following courses:

Introduction to Microeconomics (220:102)

Introduction to Macroeconomics (220:103)

Intermediate Microeconomic Analysis (220:320)

Econometrics (220:322)

(Intermediate Macroeconomic Analysis (220:321) is not a requirement for the CQE, but it is a prerequisite for some of the economics courses a student might wish to take for the CQE.)

Two courses from the following, at least one of which must be 400, 401 or 421:

Advanced Time Series and Financial Econometrics (220:400)*

Advanced Econometrics (220:401)*

Economic Forecasting and Big Data (220:421)*

Economics of Uncertainty (220:481)

Game Theory and Economics (220:482)

Economics of Information (220:483)

Mathematical Economics (220:485)

Introduction to Mathematical Finance (640:485)

(*Indicates that the course requires Intermediate Macroeconomic Analysis (220:321) as a prerequisite.)

Certificate  in Philosophy, Politics, and Economics: The certificate in philosophy, politics, and economics (PPE) is an interdisciplinary course of study designed to produce students who are aware of how the social world works, can work, and ought to work, as well as how they might play a meaningful role in it. Students who complete the PPE certificate will have a solid grounding in philosophy, politics, and economics.See the PPE certificate webpage for further detail.

For additional information, contact RU-info at 732-932-info (4636) or
Comments and corrections to: Campus Information Services.

© 2017 Rutgers, The State University of New Jersey. All rights reserved.