Economics Major Requirements

Course Requirements

All economics majors are required to successfully complete the following courses:

The two introductory courses:

  •    Econ 110, Principles of Macroeconomics
  •    Econ 111, Principles of Microeconomics

The three core courses:

  • Econ 329, Econometrics
  • Econ 330, Intermediate Price Theory
  • Econ 331, Intermediate Macro Theory

The Integrative Exercise (Comps), Econ 395 and Econ 400

Learn more about the Senior Integrative Exercise in Economics

24 Additional Credits in Economics Courses numbered 215 or above

Unless specifically noted otherwise, all economics courses at the 200-level and above have both Economics 110 and 111 as prerequisites.  Mathematics 111 or its equivalent and Mathematics 215 (or 275) are prerequisites for Economics 329 and 331, and Mathematics 111 or its equivalent is a prerequisite for Economics 330. We strongly encourage prospective majors to complete all mathematics prerequisites no later than the sophomore year.  Completion of the core sequence is a prerequisite for Advanced Seminars and the integrative exercise. We encourage students to take Economics 329 in their sophomore Spring or junior Fall.

Any student intending graduate work in economics should also take Mathematics 121, 211, 232, 236, 241 and 275. Courses teaching additional skills such as computer science, advanced rhetoric, and analysis of political and social policies are highly recommended.

The Cambridge Program

Every summer since 1983, a member of the department leads a group of about 24 Carleton students in an off-campus study program based at the University of Cambridge, the intellectual home of John Maynard Keynes and Alfred Marshall. Courses are taught by the program director and Professor Solomos Solomou, a member of the Cambridge economics faculty. Subject matter often includes the industrial revolution, the contemporary British economy and the history of economic thought. Though the seminar focuses on economics, it is open to all Carleton students.

In addition to classroom study, students make a number of excursions to sites of cultural and economic interest. This includes a week-long trip to the north of England. During this trip, students see firsthand a number of important artifacts from the industrial revolution. The program directorship rotates among members of the economics department faculty. The course of study is equal to 18 credits, 6 of which count toward the major.

Learn more about the seminar in Cambridge.

Microeconomic Development in Bangladesh Program

During Winter break students have the opportunity to travel to Bangladesh with professor Faress Bhuiyan to study microeconomic development. Study begins on-campus with Economics 240 and continues in Bangladesh with Economics 244. Program highlights include:

  • Visit and training at Grameen Bank — the brainchild of Noble Laureate Prof. Muhammad Yunus,
  • Travel to multiple rural development project sites run by one of the world's largest NGOs, BRAC 
  • Get a firsthand look at a myriad of scenes common to many developing countries including slums, garments and handicrafts industry, child labor, informal markets, densely populated cities with massive inequality, and agriculture based poor rural areas
  • Be introduced to the history, culture, cuisines, and social scene of Bangladesh which include trips to some local heritage sites
  • Attend lectures by experts in the fields of economic development, gender studies, rural development, and environmental studies

Learn more about the Bangladesh Program.