Skip to main content area Skip to institutional navigation Skip to sub-navigation

Economics Requirements

*These requirements are valid from July 1, 2015 onwards 


The Department of Economics and Business offers a major in economics and supports several interdisciplinary majors including mathematical economics, international political economy, and environmental science. The department aims to provide students with rigorous grounding in economic principles and business concepts so that they can communicate effectively, analyze data, work independently, and frame/resolve ill-defined problems, in order to provide excellent preparation for careers in business and public service. In addition, many of the department’s students attend the nation’s finest business and law schools, and pursue graduate study in economics, public policy, and environmental management at leading research universities.

Economics Requirements

Students desiring to major in the Department are required to pass the following prerequisites prior to admission into the major.  If a student has not taken both of these courses, that student may be admitted only if currently scheduled for a later section or by consent of the chair if mitigating circumstances exist.  

Mathematics 125 or 126 or above – Pre-Calc /Calculus 1, Calculus 1 or higher

1 or 2 units

Economics 201 – Economic Theory I                                          

1 unit

Notice that while International Baccalaureate (IB) Higher Level and Advanced Placement (AP) courses may count toward College credit as the equivalents of Economics 100, 101 and/or 102, they will not substitute for Economics 201, a course which uses calculus as a fundamental tool of the discipline.

To graduate as an Economics major, students must pass the all-college requirements, while completing a minimum of 11 units of credit in courses in Economics, 2 units of credit in Mathematics, and 2 units of Thesis.

 A.        Required Course in Mathematics

MA125 or 126 or higher

Pre-Calc/Calculus 1, Calculus I, or higher

1 or 2 units

MA117 or 217; BY220

Probability and Statistics OR Probability and Statistical Modeling Or Biostatistics and Experimental Design

1 unit



2 or 3 units

 B.        Required Courses in Economics 

Business, Micro, Macro /International, Track


Economic Theory I

1 unit


Microeconomic Theory II

1 unit


Macroeconomic Theory II

1 unit

EC303 or 403

Econometrics OR Econometric Theory

1 unit

Business Track


Financial Accounting

1 unit




4 or 5 units

C.        Electives in Economics

A minimum of five elective courses within the department’s three tracks (Business, Micro and Macro/International) such that:

   a) at least two credits are completed within each of two different tracks, and

   b) at least four electives are at the 300-level or above


 5 units

 D.        Thesis in Economics

A two-block thesis experience must be completed in one of the student’s completed tracks:

       EC 430 for Business theme

       EC 460 for Microeconomics theme

       EC 490 for Macroeconomics/ International theme



2 units

Total Minimum Required Courses: 13 units