Requirements

Economics Major

There are seven required courses for the major:

Required Courses
Core
ECON 2555Microeconomics1
ECON 2556Macroeconomics1
ECON 2557Economic Statistics1
Select three advanced topics courses numbered in the 3000s, at least one of which must be designated as a seminar (course number higher than 3500)3
Select one additional course in economics numbered 2000 or higher1

Either ECON 1050 Principles of Microeconomics and Quantitative Reasoning or ECON 1101 Principles of Microeconomics serve as prerequisites for ECON 1102 Principles of Macroeconomics and, because these are prerequisites for most other economics courses, most students begin their work in economics with these introductory courses. Prospective majors are encouraged to take at least one core course by the end of the sophomore year, and all three core courses should be completed by the end of the junior year. Advanced topics courses have one or more of ECON 2555 Microeconomics, ECON 2556 Macroeconomics, and ECON 2557 Economic Statistics as prerequisites. 

All prospective majors and minors are required to complete MATH 1600 Differential Calculus or its equivalent prior to enrolling in the core courses. (A math placement into MATH 1700 Integral Calculus or higher counts as satisfying the MATH 1600 Differential Calculus requirement. Students who aspire to advanced work in economics, e.g., an honors thesis and/or graduate study in a discipline related to economics, are strongly encouraged to master multivariate calculus (MATH 1800 Multivariate Calculus) and linear algebra (MATH 2000 Linear Algebra) early in their careers. Such students are also encouraged to take MATH 2606 Statistics instead of ECON 2557 Economic Statistics as a prerequisite for ECON 3516 Econometrics. The ECON 2557 Economic Statistics requirement is waived for students who complete MATH 2606 Statistics and ECON 3516 Econometrics. Students should consult the Department of Economics about other mathematics courses that are especially useful for advanced study in economics.

Economics Minor

Required Courses
ECON 2555Microeconomics1
or ECON 2556 Macroeconomics
Select two additional elective courses numbered 2000 or higher2
Select one of the following: a1
ECON 2557
Economic Statistics
MATH 1300
Biostatistics
MATH 2606
Statistics
PSYC 2520
Data Analysis
a score of four or five on the Advanced Placement Statistics exam

Economics and Finance Minor

Required Courses
ECON 2555Microeconomics1
ECON 3401Financial Economics1
One upper division course from ECON 2556, 2557, or 3000-4001 b1
One course in the finance range: ECON 2400-2499, 3402-3499, or 3600-3699 b1
Select one of the following: c1
ECON 2557
Economic Statistics
MATH 1300
Biostatistics
MATH 2606
Statistics
PSYC 2520
Data Analysis
a score of four or five on the AP Statistics exam

Because ECON 2555 Microeconomics is a prerequisite for ECON 3401 Financial Economics and other upper-level economics courses, prospective minors are encouraged to complete ECON 2555 Microeconomics by the end of their sophomore year.

Economics majors cannot also minor in economics and finance.

Interdisciplinary Major

The department participates in an interdisciplinary major in mathematics and economics. See the Interdisciplinary Majors.

Additional Information and Department Policies

  • Normally, no more than two courses taken at another college or university may be counted toward economics major or minor requirements with departmental approval.
  • First-year seminars do not fulfill departmental requirements or serve as prerequisites for higher-level courses.
  • An independent study can be used to satisfy no more than one major requirement; an intermediate independent study can satisfy a 2000-level elective, or an advanced independent study can satisfy a 3000-level non-seminar.
  • Similarly, an independent study can be used to satisfy no more than one elective course requirement in either the economics minor or the economics and finance minor. 
  • To fulfill major or minor requirements, courses must be taken for letter grades and a C- or better must be earned.
  • In order for a course to serve as a prerequisite for a required course, students must earn a C- or better, or Credit. 

Advanced Placement/International Baccalaureate (AP/IB)

Students who received a score of four or five on the Microeconomics AP exam are eligible to receive credit for ECON 1101 Principles of Microeconomics, and students who received a score of four or five on the Macroeconomics AP exam are eligible to receive credit for ECON 1102 Principles of Macroeconomics. Students who received a minimum score of six on the Economics IB exam are eligible for placement into courses requiring either ECON 1101 Principles of Microeconomics and/or ECON 1102 Principles of Macroeconomics, and will receive one general credit. In order to receive credit for AP/IB work, students must have their scores officially reported to the Office of the Registrar by the end of their sophomore year at Bowdoin and must not also have taken ECON 1101 Principles of Microeconomics or ECON 1102 Principles of Macroeconomics respectively.


This is an excerpt from the official Bowdoin College Catalogue and Academic Handbook. View the Catalogue