The foundation of the curriculum in economics consists of
01:220:102, 103, 203, 204, and 322. It also requires one term of
statistics (01:960:211 or 285) with a grade of C or better.* Course
01:960:285 is preferred to 211, and, if possible, 01:960:285 should be
taken in the term immediately prior to the one in which the student
takes 01:220:322. One term of calculus (01:640:135 or equivalent) with
a grade of C or better also is required. Second terms of both calculus
and statistics are strongly recommended. These seven courses (five in
economics, one in statistics, and one in mathematics) plus seven
electives within economics (or, under certain options, a limited number
of courses from related fields) constitute the major. Engineering
students who take 01:220:200 Economics Principles and Problems may use
this in place of 01:220:102 and 103, provided they take eight electives
instead of seven. Credit is not given for 01:220:200 and for
01:220:102 or 103.
To ensure that students choose their
electives from a variety of fields within economics, elective courses
are divided into fields, and students are required to choose their
electives so that they have completed at least one course from each of
four fields. Course numbers are listed by fields of study below.
1. Microeconomic Theory: 01:220:342, 395, 405, 407
2. Decision Science: 01:220:308, 311, 386, 410, 419
3. Quantitative Methods: 01:220:401, 421
4. Mathematical Economics: 01:220:406, 409, 430
5. Macroeconomic Theory: 01:220:301, 337, 412, 416
6. International Economics: 01:220:300, 335, 336, 433
7. Industrial Organization, Regulations, and Industry Studies: 01:220:309, 316, 341, 388, 389, 396, 471
8. Resource Economics: 01:220:332, 334
9. Public Economics: 01:220:330, 331, 340, 348, 360, 363, 369
10. Labor Economics: 01:220:302, 303, 304, 375
11. Financial Economics: 01:220:393, 394, 415
12. Comparative Economic Systems: 01:220:349, 362, 379
13. Regional and National Economics: 01:220:356, 357, 358, 359, 378
14. Economic History: 01:220:305, 343, 344
15. Growth and Development: 01:220:339, 370, 377
16. Economic Thought and Methodology: 01:220:327
(See special notations for 356, 396, and 406.)
For both first-year and transfer students, a maximum of three economics
courses taken outside the Department of Economics at Rutgers-New
Brunswick may be applied toward the major. Transfer students who wish
to apply transfer courses toward the major must first obtain approval
from the director of undergraduate studies. Enrolled economics majors
who wish to take an economics course outside Rutgers-New Brunswick must
have prior approval from the director of undergraduate studies. Some
exceptions are made for certain courses offered by the Department of
Environmental and Business Economics at Cook College. Students should
consult the economics department for further information.
Independent study and general seminars do not constitute a separate
field of study. Such courses may be counted toward any designated field
or option with departmental approval.
The Department of
Economics does allow economics majors to receive one credit for an
approved internship. See 220:397 for more information or contact the
director of undergraduate studies.
To declare a major in
economics, a student must have a minimum grade of C in both 01:220:102
Introduction to Microeconomics and 01: 220:103 Introduction to Macro-
economics. The student also must attain a minimum grade of C in the
calculus course required by the department.
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, 203, 204, the required statistics course, and the required
calculus course. In addition, only one course with a grade of D can
count toward the major.
Students who find a particular area of
study within economics especially interesting may wish to explore it in
some depth. Accordingly, the curriculum offers the following options
for focused study within economics:
Comparative
Systems and
Planning
Economic
Development
Economic
History
Economic
Theory
Financial Economics
Industrial Organization
International Economics
Labor
Managerial Economics
Mathematical Economics
Monetary Economics
Public Economics and Policy
Quantitative
Methods
Resource Management
Urban Economics
Detailed
descriptions of these options and all the department`s courses and
nondepartmental courses approved under these options can be found on
the department`s web site.
Due to a change in the accounting
program, the department no longer has an option in accounting. Students
still may take 33:010:272, 452. These courses will count toward the
required seven electives.
