Curriculum Requirements

A student pursuing the major in Economics through the College of Arts and Sciences will select one of two possible tracks:  Political Economy (the People and Society track) or Quantitative Economics (the Science, Technology, Mathematics, and Engineering track) and complete the curriculum requirements as follows:

1. Choose either the POLITICAL ECONOMY Track or the QUANTITATIVE ECONOMICS Track 124
Political Economy Track Required Courses (People & Society) :
Economic Principles and Problems
Economic Principles and Problems
Microeconomic Theory And Applications (ECO 302 may be taken instead if MTH 161 or equivalent is completed)
Macro Economic Theory
Major Choice Courses (P&S) - Select four courses (12 credit hours) from the following: 2
Labor Economics (I)
Economics of Developing Countries
Latin America And The Global Economy
ECONOMICS OF POVERTY
Health Economics
Contemporary Issues in Monetary Economics
Economic Growth
International Trade Theory
International Monetary Economics
Economic Analysis of Energy and Commodity Markets
Global Economics: Trade and Currencies (satisfies the writing requirement in the discipline for students majoring in Economics - see footnote 8)
Industrial Organization
Students who have completed MTH 161 or its equivalent & ECO 302 may select a maximum of two courses (6 credit hours) of their major choice courses from the following STEM courses:
Applied Econometrics (additional pre-requisite of MAS 202 or MAS 312 or the equivalent)
Game Theory in Economic Applications. (pre-requisite MTH 161 or equivalent)
Special Topics in Economics (STEM-designated courses, such as Economics of Uncertainty or Applied Computation in Economics)
Mathematical Economics And Applications 3
Mathematical Economics (II)
Econometrics
Advanced Microeconomic Theory
Quantitative Economics Track Required Courses (STEM) : 4
Economic Principles and Problems
Economic Principles and Problems
Micro Economic Theory (requires MTH 161 or equivalent as a pre-requisite)
Macro Economic Theory
Major Choice Courses (STEM) - Select four courses (12 credit hours) from the following: 2
Applied Econometrics (additional pre-requisite of MAS 202 or MAS 312 or the equivalent)
Game Theory in Economic Applications. (pre-requisite MTH 161 or equivalent)
Special Topics in Economics (STEM-designated courses, such as Economics of Uncertainty or Applied Computation in Economics)
Mathematical Economics And Applications 3
Mathematical Economics (II)
Econometrics
Advanced Microeconomic Theory
2. Additional Graduation Requirements
ENG 105English Composition I3
ENG 106English Composition II3
UMX 100The University Of Miami Experience0
Calculus Course 54
Language Requirement (3-9 credit hours, depending on the student's initial placement in the language chosen)9
Minor (may be used in lieu of a cognate to satisfy an Area of Knowledge in General Education)15
Arts and Humanities Cognate Courses9
STEM or People and Society Cognate Courses (depends upon which Economics Major track is selected)9
Natural Science Course 63
Electives 741
Advanced Writing and Communication - see note regarding ECO writing course 8
Total Credit Hours120
1

All specific coursework for the major in Economics must be completed with a grade of “C-” or higher.  A minimum cumulative GPA of 2.0 is required for all specific coursework taken in the major area of specialization.  All courses must be taken within the current pre-requisite structure.

2

All advanced courses in Economics (300-500 levels) require  ECO 300 or the more technical version, ECO 302 , as a pre-requisite.  Some specifically require ECO 302.

3

Additional pre-requisite for  ECO 510MAS 202 or  MAS 311 or  IEN 311 or  MTH 224

4

 This track requires both MTH 161 or an equivalent calculus course and ECO 302.

5

 MAS 110 or  MTH 130 or  MTH 141 or  MTH 151 or  MTH 161 or  MTH 171 or an equivalent calculus course or higher.  If the student wishes to take ECO 302 and/or the Quantitative Economics track or some of the quantitative ECO electives, then MTH 161 or equivalent must be taken.  Also note that if the student wishes to apply to transfer to the School of Business Administration, he/she must take MTH 161 or an equivalent and earn a minimum "B" grade in the course, as well as have a minimum UM grade point average of 3.0.

6

 This requirement is waived if the STEM cognate includes a Natural Science course from the approved list.  See the College of Arts and Sciences "Overview" page in this Bulletin for more information.

7

 A minimum of 120 credits is required for graduation.  Sufficient credits must be earned in electives to enable the student to complete this minimum of 120 credits.  The exact number of elective credits required will vary depending on the number of credits needed to complete all other graduation requirements.

8

To satisfy the College of Arts & Sciences writing requirement in the discipline, students majoring in Economics P&S track should take ECO 445 in addition to three writing courses outside of the discipline.  Students majoring in Economics STEM track will take a designated ECO STEM writing course in addition to three writing courses outside of the discipline.

Sample Plan of Study

This Sample Plan of Study represents one possible version of a new freshman student’s 8-semester plan.  The individual student's plan may vary depending upon the initial placement into English Composition, mathematics, and modern language. Moreover, numerous plan variations are possible if a student enters the University with advanced college credits, wishes to participate in study abroad, chooses a special program option, or selects additional majors or minors.  

Note that each major/minor satisfies a particular "Area of Knowledge" within the general education requirements of the University, so that a separate cognate in that same Area of Knowledge is not required.  For example, if a student chooses the Political Economy track for the Economics major,  then the People and Society Area of Knowledge will be fulfilled by the major. The STEM and Arts and Humanities Areas of Knowledge may likewise be fulfilled by an additional major, or through the minor or a cognate.

Students construct their individualized plans in collaboration with their assigned academic advisor.

Plan of Study Grid
Freshman Year
FallCredit Hours
ECO 211 Economic Principles and Problems 3
ENG 105 English Composition I 3
MTH 161 Calculus I 1 4
UMX 100 The University Of Miami Experience 0
Arts and Humanities Cognate Course 3
Language (first course) 3
 Credit Hours16
Spring
ECO 212 Economic Principles and Problems 3
ENG 106 English Composition II 3
Arts and Humanities Cognate Course 3
Language (second course) 3
Elective 3
 Credit Hours15
Sophomore Year
Fall
ECO 302 or 300 Micro Economic Theory
or Microeconomic Theory And Applications
3
Arts and Humanities Cognate Course 3
Language (third course) 3
Minor (first course) 3
Elective 3
 Credit Hours15
Spring
ECO 303 Macro Economic Theory 3
Minor (second course) 3
People and Society or STEM Cognate Course 3
Elective 3
Elective 3
 Credit Hours15
Junior Year
Fall
Economics Major Choice Course 3
Minor (third course) 3
People and Society or STEM Cognate Course 3
Elective 3
Elective 3
 Credit Hours15
Spring
Economics Major Choice Course 3
Minor (fourth course) 3
People and Society or STEM Cognate Course 3
Elective 3
Elective 3
 Credit Hours15
Senior Year
Fall
Economics Major Choice Course 3
Minor (fifth course) 3
Natural Science Course (if needed) 3
Elective 3
Elective 3
 Credit Hours15
Spring
Economics Major Choice Course 3
Elective 3
Elective 3
Elective 3
Elective 2
 Credit Hours14
 Total Credit Hours120
1

 A calculus course is required for the Economics major.  If a student wishes to take ECO 302 and/or the Quantitative Economics track or some of the quantitative ECO electives, then MTH 161 or an equivalent must be taken.  If a student has taken an "applied" calculus course such as MAS 110 or MTH 130, then he/she will take ECO 300 instead of ECO 302 and must follow the Political Economy (P&S) Major track for Economics.