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Economics Minor

Effective Winter 2024

Exclusions:

Academic minor in Economics is not open to students with a major in the Department of Economics.

Advising

Students interested in a major or minor in Economics should consult an economics department advisor. Appointments are scheduled online at: www.lsa.umich.edu/econ/undergraduatestudy/departmentaladvising

Students are urged to consult with a department advisor each term before selecting courses for the following term.

Economics Undergraduate Office. The undergraduate office is located at 238 Lorch Hall, (734) 763-9242. The Student Services Assistant for the economics undergraduate program is available to answer questions about requirements for the major, course offerings, wait-list procedures, career/job information, economics networking program, and other matters concerning the undergraduate program. Walk-in advising is available on Mondays and Thursdays between 2-3pm.

Prerequisites

ECON 101 and 102 and MATH 115, each completed with a grade of C or better. MATH 120 may not be substituted for MATH 115. ECON 210, MATH 116, 121, 156, 176, 185, 186, 215, 216, 255, 256, 285, 286, 295, or 296 may be substituted for MATH 115.

To declare an Economics minor, schedule an appointment with an Economics Department advisor. Students must complete the prerequisites to the minor before declaring and must have a GPA of 2.0 or better in the prerequisites.

Credits in MATH 120 alone do not satisfy the mathematics prerequisite for an Economics major or minor. Students with this credit may complete the economics mathematics prerequisite by completing, with a grade of at least C, ECON 210, MATH 115, MATH 116, or one of the Honors alternatives to these courses.

Requirements

Minimum Credits: 17

17 credits in ECON at the 300-level and above, distributed as follows:

  1. ECON 401: Intermediate Microeconomics and ECON 402: Intermediate Macroeconomics, each completed with a grade of at least C- [ECON 401 should be taken before ECON 402.]
  2. Nine additional credits in upper level (300 and 400 level) ECON courses, including at least 3 credits in 400 level courses with ECON 401 or ECON 402 as a prerequisite.

    One (but only one) of ECON 452 and 454 may be counted toward this requirement. Neither ECON 451 nor 453 may be counted toward this requirement.

Other Department Policies

The Department of Economics does not give AP credit for ECON 101 or ECON 102. Whenever the department lists ECON 101 or ECON 102 as a prerequisite, the department does not accept AP credit as a substitute.

Students achieving a 4 or 5 on the AP Microeconomics exam receive 2 credits for ECON 101X, and students achieving a 4 or 5 on the AP Macroeconomics exam receive 2 credits for ECON 102X. As prerequisites for other courses in Economics and as prerequisites for the Economics major and minor, ECON 101X does not substitute for ECON 101, and ECON 102X does not substitute for ECON 102. Students receiving 2 credits for ECON 101X may take ECON 101 and receive 4 credits for ECON 101. Students who receive 2 credits for ECON 102X may take ECON 102 and receive 4 credits for ECON 102. Thus, anyone who intends to concentrate in economics, to minor in economics, or to take electives in economics at the 300 or 400 level should enroll in ECON 101 and/or ECON 102.

Students intending to apply to the BBA program should consult carefully the requirements of the Business School. As of this writing, the Business School does not accept ECON 101X as a substitute for ECON 101, and it does not accept ECON 102X as a substitute for ECON 102.

Advanced placement credits in MATH 121 may be substituted for MATH 115. Credits in MATH 120 alone do not satisfy the mathematics prerequisite for an economics major or minor. Students with credit for MATH 120 may satisfy the mathematics prerequisite for the Economics major by completing, with a grade of at least C, ECON 210,  MATH 115, MATH 116, or one of the Honors alternatives to these courses.

Residency

Ann Arbor campus requirement

To count toward the minor, any course not taken on the Ann Arbor campus of the University should be approved in advance by an Economics Department Advisor.

ECON 401 and 402 must be taken on the Ann Arbor campus of the University.

To count toward the minor, at least three credits of 400-level electives with ECON 401 or ECON 402 as a prerequisite must be taken on the Ann Arbor campus of the University.

Economics (Minor) (Winter 2020 - Fall 2023)

Effective Winter 2020

Exclusions:

Academic minor in Economics is not open to students with a major in the Department of Economics.

Advising

Students interested in a major or minor in Economics should consult an economics department advisor. Appointments are scheduled online at: www.lsa.umich.edu/econ/undergraduatestudy/departmentaladvising

Students are urged to consult with a department advisor each term before selecting courses for the following term.

Economics Undergraduate Office. The undergraduate office is located at 238 Lorch Hall, (734) 763-9242. The Student Services Assistant for the economics undergraduate program is available to answer questions about requirements for the major, course offerings, wait-list procedures, career/job information, economics networking program, and other matters concerning the undergraduate program. Walk-in advising is available on Mondays and Thursdays between 2-3pm.

Prerequisites

ECON 101 and 102 and MATH 115, each completed with grade at least C. One of the Honors alternatives to MATH 115 may be substituted for MATH 115. Advanced placement credits in MATH 121 may be substituted for MATH 115. Credits in MATH 120 alone do not satisfy the mathematics prerequisite for an economics major or minor. Students with this credit may complete the economics mathematics prerequisite by completing, with a grade of at least C, MATH 115, MATH 116, or one of the Honors alternatives to these courses.

Requirements

Minimum Credits: 17

17 credits in ECON at the 300-level and above, distributed as follows:

  1. ECON 401: Intermediate Microeconomics and ECON 402: Intermediate Macroeconomics, each completed with a grade of at least C- [ECON 401 should be taken before ECON 402.]
  2. Nine additional credits in upper level (300 and 400 level) ECON courses, including at least 3 credits in 400 level courses with ECON 401 or ECON 402 as a prerequisite.

    One (but only one) of ECON 452 and 454 may be counted toward this requirement. Neither ECON 451 nor 453 may be counted toward this requirement.

Other Department Policies

The Department of Economics does not give AP credit for ECON 101 or ECON 102. Whenever the department lists ECON 101 or ECON 102 as a prerequisite, the department does not accept AP credit as a substitute.

Students achieving a 4 or 5 on the AP Microeconomics exam receive 2 credits for ECON 101X, and students achieving a 4 or 5 on the AP Macroeconomics exam receive 2 credits for ECON 102X. As prerequisites for other courses in Economics and as prerequisites for the Economics major and minor, ECON 101X does not substitute for ECON 101, and ECON 102X does not substitute for ECON 102. Students receiving 2 credits for ECON 101X may take ECON 101 and receive 4 credits for ECON 101. Students who receive 2 credits for ECON 102X may take ECON 102 and receive 4 credits for ECON 102. Thus, anyone who intends to concentrate in economics, to minor in economics, or to take electives in economics at the 300 or 400 level should enroll in ECON 101 and/or ECON 102.

Students intending to apply to the BBA program should consult carefully the requirements of the Business School. As of this writing, the Business School does not accept ECON 101X as a substitute for ECON 101, and it does not accept ECON 102X as a substitute for ECON 102.

Advanced placement credits in MATH 121 may be substituted for MATH 115. Credits in MATH 120 alone do not satisfy the mathematics prerequisite for an economics major or minor. Students with credit for MATH 120 may satisfy the mathematics prerequisite for the Economics major by completing, with a grade of at least C, MATH 115, MATH 116, or one of the Honors alternatives to these courses.

Residency

Ann Arbor campus requirement

To count toward the minor, any course not taken on the Ann Arbor campus of the University should be approved in advance by an Economics Department Advisor.

ECON 401 and 402 must be taken on the Ann Arbor campus of the University.

To count toward the minor, at least three credits of 400-level electives with ECON 401 or ECON 402 as a prerequisite must be taken on the Ann Arbor campus of the University.

Economics (Minor) (Fall 2015 - Fall 2019)

Effective Fall 2015

Exclusions:

Academic minor in Economics is not open to students with a major in the Department of Economics.

Advising

Students interested in a major or minor in Economics should consult an economics department advisor. Appointments are scheduled online at: www.lsa.umich.edu/econ/undergraduatestudy/departmentaladvising

Students are urged to consult with a department advisor each term before selecting courses for the following term.

Economics Undergraduate Office. The undergraduate office is located at 243 Lorch Hall, (734) 763-9242. The Student Services Assistant for the economics undergraduate program is available to answer questions about requirements for the major, course offerings, wait-list procedures, career/job information, economics networking program, and other matters concerning the undergraduate program.

Prerequisites

ECON 101 and 102 and MATH 115, each completed with grade at least C. One of the Honors alternatives to MATH 115 may be substituted for MATH 115. Advanced placement credits in MATH 121 may be substituted for MATH 115. Credits in MATH 120 alone do not satisfy the mathematics prerequisite for an economics major or minor. Students with this credit may complete the economics mathematics prerequisite by completing, with a grade of at least C, MATH 115, MATH 116, or one of the Honors alternatives to these courses.

Requirements

Minimum Credits: 17

17 credits in ECON at the 300-level and above, distributed as follows:

  1. ECON 401: Intermediate Microeconomics and ECON 402: Intermediate Macroeconomics, each completed with a grade of at least C- [ECON 401 should be taken before ECON 402.]
  2. Nine additional credits in upper level (300 and 400 level) ECON courses, including at least 3 credits in courses with ECON 401 or ECON 402 as a prerequisite.

    One (but only one) of ECON 452 and 454 may be counted toward this requirement. Neither ECON 451 nor 453 may be counted toward this requirement.

Other Department Policies

The Department of Economics does not give AP credit for ECON 101 or ECON 102. Whenever the department lists ECON 101 or ECON 102 as a prerequisite, the department does not accept AP credit as a substitute.

Students achieving a 4 or 5 on the AP Microeconomics exam receive 2 credits for ECON 101X, and students achieving a 4 or 5 on the AP Macroeconomics exam receive 2 credits for ECON 102X. As prerequisites for other courses in Economics and as prerequisites for the Economics major and minor, ECON 101X does not substitute for ECON 101, and ECON 102X does not substitute for ECON 102. Students receiving 2 credits for ECON 101X may take ECON 101 and receive 4 credits for ECON 101. Students who receive 2 credits for ECON 102X may take ECON 102 and receive 4 credits for ECON 102. Thus, anyone who intends to concentrate in economics, to minor in economics, or to take electives in economics at the 300 or 400 level should enroll in ECON 101 and/or ECON 102.

Students intending to apply to the BBA program should consult carefully the requirements of the Business School. As of this writing, the Business School does not accept ECON 101X as a substitute for ECON 101, and it does not accept ECON 102X as a substitute for ECON 102.

Advanced placement credits in MATH 121 may be substituted for MATH 115. Credits in MATH 120 alone do not satisfy the mathematics prerequisite for an economics major or minor. Students with credit for MATH 120 may satisfy the mathematics prerequisite for the Economics major by completing, with a grade of at least C, MATH 115, MATH 116, or one of the Honors alternatives to these courses.

Residency

Ann Arbor campus requirement

To count toward the minor, any course not taken on the Ann Arbor campus of the University should be approved in advance by an Economics Department Advisor.

ECON 401 and 402 must be taken on the Ann Arbor campus of the University.

To count toward the minor, at least three credits of 400-level electives with ECON 401 or ECON 402 as a prerequisite must be taken on the Ann Arbor campus of the University.