The Minor in Economics offers a unique combination of theory and practical applications, preparing students to think analytically about real world economic problems. Not only is an economics minor likely to improve the versatility and job market performance of students who major in most liberal arts or professional disciplines, but it also provides intellectual challenges likely to appeal to inquisitive minds. Indeed, this field usually attracts students who enjoy using intuitive logical arguments to gain insight on socio-economic problems and public policy issues, and who are often inspired not only by practical considerations, but also by their intellectual curiosity and a desire to contribute to society.
The program seeks to equip students with the basic tools needed to understand the operation of a modern economy, including the role of markets and organizations in the allocation of resources as well as the factors that determine income, employment and economic growth. Aside from introductory courses in Microeconomics and Macroeconomics, the program offers a variety of elective courses, including Money and Banking, Financial Economics, Economic Development, Industrial Organization, Government Regulation, Public Finance, Urban Economics, International Economics, and other subjects. The underlying goal is to train students to use formal analysis and empirical observation to shed light on varied socio-economic issues and to develop several valuable analytical and communication skills in the process, bringing about a considerable vocational benefit since these constitute a relevant background for several professions, including careers in business, law, public service, education, journalism, urban affairs, international relations and other fields.
A Minor in Economics requires 12 ECO credits at or above the 100 level, in addition to a core ECO 1 or 2 class. Since both ECO 1 and ECO 2 are recommended pre-requisites to many of the advanced economics courses, it is strongly recommended that students take both courses.