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ECON-MIN - Economics (Minor)

Overview

Program Overview

The minor in Economics has two main goals: to acquaint students with the rudiments of micro- and macroeconomic theory that are required of all majors; and to allow students to build competence in the application of this theory to two fields of economics of their choosing, and the opportunity to specialize further in any one of these fields by taking one additional advanced course in the Department of Economics.

Students must complete their declaration of the minor no later than the last day of the preceding quarter before their degree conferral.

Free Form Requisites

Degree Requirements

At least 20 out of the 35 units for the minor must be taken at Stanford. Students must have completed all Stanford prerequisites for approved transfer credit courses to use those courses towards the Economics minor.

No courses receiving Department of Economics credit under the preceding requirements may be taken credit/no credit. The combined total of all units for the minor must equate to the grade point average (GPA) of 2.0 (C) or better.

Course Requirements 

Course List

Units

Core Courses

20

course

Principles of Economics

5

course

Economic Analysis I (Prerequisites: course and course or course or course)

5

course

Economic Analysis II (Prerequisite: course)

5

course

Economic Analysis III (Prerequisite: course)

5

Field Courses

10

Must be taken at Stanford in California

course

Introduction to Statistical Methods (Postcalculus) for Social Scientists

5

course

Applied Econometrics

5

course

Advanced Topics in Econometrics

5

course

Econometric Methods for Public Policy Analysis and Business Decision-Making

5

course

Money and Banking

5

course

Financial Markets and Institutions: Recent Developments

5

course

Development Economics

5

course

Economic Development, Microfinance, and Social Networks

5

course

Economics of Health and Medical Care

5

course

or course

Foundations of Finance *

Introduction to Financial Economics

3

course

Market Design 

5

course

Decision Modeling and Information 

5

course

Economics of Education

5

course

The Economics of Labor Markets

5

course

The Modern Firm in Theory and Practice

5

course

Environmental Economics and Policy

5

course

Imperfect Competition

5

course

Regulatory Economics

5

course

Game Theory and Economic Applications **

5

or course

Honors Game Theory**

course

International Finance

5

course

International Trade

5

course

Behavioral Economics

5

course

Experimental Economics

5

course

Junior Honors Seminar

5

course

Microeconomics I ***

2-5

course

Macroeconomics I ***

2-5

Electives

5

Select from: Any ECON courses offered for letter grades

Total Units

35

*

Students may not count units from both courses towards their minor as the courses are too similar in content.

**

Students may not count units from both courses towards their minor as the courses cover similar subject matter.

***

Students may enroll with the permission of the Director of Undergraduate Studies and the course instructor.

Program Policies

External Credit Policies

Students scoring a 5 on both the advanced placement microeconomics and advanced placement macroeconomics exam may petition the Director of Undergraduate Studies to have the course Principles of Economics course requirement waived. Students do not receive units credit for placing out of course Principles of Economics and must make up the 5 units with another economics course taken for a letter grade.

To use transfer credit in partial satisfaction of the requirements, the student must obtain written consent from the department's Director of Undergraduate Study, who establishes the amount of credit to be granted toward the department requirements (see the Information Book for Undergraduate Economics Majors). Students must have completed all Stanford prerequisites for approved transfer credit courses to use those courses towards the Economics major. See the department's Transfer Credit website for additional information.

Course prerequisites are enforced. Students taking courses to satisfy prerequisites in another department or institution must petition for Stanford course substitution or transfer credit approval to satisfy course prerequisites.

Learning Outcomes

Program Learning Outcomes

The minor in Economics has three main goals:

  • to acquaint students with the rudiments of micro and macroeconomic theory

  • to allow students to build basic competence in the application of this theory to two fields of economics of their choosing

  • the opportunity to specialize further in any one of these fields by taking one additional advanced course in the Department of Economics.