The foundation of the curriculum in economics consists of 01:220:102,103, 203,204, and 322. It also requires one semester 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 semester immediately prior to the one in which the student expects to take 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. These seven courses (five in economics, one in statistics, and one in mathematics) plus seven electives within economics (or, under certain circumstances, a limited number of courses from related disciplines) 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.
For the seven required electives needed to complete the economics major, students may take no more than three courses that have only 01:220:102 and 103 (or only 200) as prerequisites. 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 only 102 and 103 as prerequisites.
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 obtain approval from the undergraduate adviser. Enrolled economics majors who wish to take an economics course outside Rutgers-New Brunswick must have prior approval from the undergraduate adviser. Some exceptions are made for certain courses offered by the Department of Environmental and Business Economics at the School of Environmental and Biological Sciences. Students should consult the economics department for further information.
Economics majors can get elective credit for two accounting courses offered by the Rutgers Business School-Undergraduate program. Students may take 33:010:272 and 275. These courses will count toward the required seven electives and are considered courses outside the New Brunswick Department of Economics. Accounting courses are treated as courses that only require 01:220:102 and 103.
The Department of Economics allows economics majors to receive 1 credit for an approved internship. See http://economics.rutgers.edu/index.php?option=com_content&task=view&id=96&Itemid=146
for more information or contact the undergraduate adviser.
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 Macroeconomics. The student must also complete 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, 203,204, the required statistics course, and the required calculus course. For all other courses needed to complete the major, only one course with a grade of D can count toward the major.
