Economics Major

Major Requirements

The major in economics requires 1) a minimum of nine economics courses, 2) the department’s capstone experience, and 3) two required courses in mathematics. Of the nine economics courses four are required courses: ECON 119 - Principles of Economics , ECON 361 - Intermediate Microeconomic Analysis , ECON 371 - Intermediate Macroeconomic Analysis , and ECON 381 - Introduction to Econometrics . Three of the remaining five courses must be from Group A and include: one course at the 200 level plus two additional courses, at least one of which must be numbered above 400. The final two courses can be exclusively from Group A or Group B or some combination of the two groups. Approved study-away economics courses  fall into Group A and students can count up to two of these for the major. Similarly, approved business courses not taken at Macalester fall into Group B and students can count up to two of these toward the major requirements.

Minimum grade of a C- is required for a course to count towards the economics major.

The capstone experience requirement in economics may be satisfied by any one of the following: (a) an approved course in the 400s; (b) an approved topics course; (c) an independent project that includes a major paper; or (d) an honors thesis. (This capstone experience is in addition to the nine courses within the department required for the major and is to be undertaken during the senior year.)

The capstone experience can be satisfied either by taking an additional 400 level course that is both from Group A and has been designated as a capstone course, conducting an approved independent study, or completing ECON 444 - Honors Seminar  and an honors thesis.

Math courses required for an economics major are 1) MATH 135 - Applied Multivariable Calculus I  or MATH 137 - Applied Multivariable Calculus II  and 2)  MATH 155 - Introduction to Statistical Modeling . The department recommends that students take MATH 137 when possible.

Topics courses, which by college convention carry the number ECON 194 , ECON 294 , ECON 394 , or ECON 494 , may be taught at all levels of difficulty. Those topics courses for which only ECON 119  is prerequisite are the equivalent of 200 level courses for purposes of fulfilling the major requirements. Those for which a 200 level course is prerequisite are the equivalent of 300 level courses. Those for which ECON 361 , ECON 371 , and/or ECON 381  are prerequisite are generally classified as the equivalent of 400 level courses. Information on these classifications is included in Topics course descriptions or may be obtained from the department chairperson.