Economics Minor

for the Minor in Economics 


department page:

department website: https://economics.illinois.edu/

department faculty: Economics Faculty


overview of college admissions & requirements: Liberal Arts & Sciences

college website: https://las.illinois.edu/


email: econug@illinois.edu


The minor in economics, administered by the Department of Economics, is designed to provide students who are not majoring in economics with a basic foundation in economic analysis. The minor offers training in economic theory through the intermediate level, instruction in quantitative methods of econometrics, and opportunity for advanced work in a student's particular area of interest following the microeconomic, macroeconomic, or econometric track. Students completing the minor in economics will enhance their major field of study and prepare them for a career in their chosen field and/or for graduate studies in a variety of fields. The minor consists of 18-21 hours within economics. Students must complete the prerequisite mathematics and economics courses with the required grade/GPA in order to apply. Interested students should work with the Economics Undergraduate Studies Office. Students must choose from the Microeconomics, Macroeconomics, or Econometrics Track.

Prerequisite to applying for the Economics Minor:

Microeconomics and Macroeconomics tracks:

  • MATH 220-Calculus or MATH 221- Calculus I with a grade of C or higher. MATH 234 can substitute for MATH 220 or MATH 221, with a grade of C or higher. Discuss your intended plan with the Department of Economics Advising Office to ensure MATH 234 will prepare you for advanced Economics coursework.
  • Econ 102 and Econ 202 with a 2.33 or higher Illinois Economics GPA. Either Econ 102 or Econ 202 must be taken on campus (please see an Economics Academic Advisor if you have completed these courses off-campus or have other credit).

Econometrics track:

  • MATH 220-Calculus or MATH 221- Calculus I with a grade of C or higher.
  • MATH 225 with a grade of C or higher.
  • Econ 102 and Econ 202 with a 2.33 or higher Illinois Economics GPA. Either Econ 102 or Econ 202 must be taken on campus (please see an Economics Academic Advisor if you have completed these courses off-campus or have other credit). 
    Core Economics Requirements
    ECON 102Microeconomic Principles3
    ECON 202Economic Statistics I3
    ECON 203Economic Statistics II3
    ECON 302Inter Microeconomic Theory3
    Students will select one of the following tracks:
    Microeconomics Track6
    Two 400-level elective courses in Microeconomics:
    Public Sector Economics
    Urban Economics
    Economics of Labor Markets
    Development Economics
    Program Evaluation in Developing Economies
    The Latin American Economies
    Industrial Comp and Monopoly
    Govt Reg of Economic Activity
    Econ of Innovation and Tech
    ECON 482
    Law and Economics
    Topics in Economics
    Macroeconomics Track9
    Macroeconomic Principles
    Inter Macroeconomic Theory
    One 400-level elective course in Macroeconomics:
    International Economics
    The Latin American Economies
    ECON 462
    Topics in Economics (Including: Monetary Policy, Economic Growth))
    Econometrics Track9
    Intro to Applied Econometrics
    Two 400-level elective courses in Econometrics:
    ECON 465
    Topics in Economics (Including: Financial Econometrics, Economic Forecasting, Topics in Econometrics, Numerical Methods for Economics)
    Total Hours18-21
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