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 130
Political Economy Track Required Courses (People & Society) :
Principles of Microeconomics
Principles of Macroeconomics
Microeconomic Theory and Applications (ECO 302 may be taken instead if MTH 161 or equivalent is completed)
Macroeconomic Theory
Applied Econometrics
Major Choice Courses (P&S) - Select five courses (15 credit hours) from the following: 2
Labor Economics (I)
Industrial Economics and Public Policy
Environmental Economics
Economics of Development
Latin America and the Global Economy
The Political Economy of Growth
Health Economics
Monetary Economics
Economic Growth
International Trade Theory
International Monetary Economics
Economic Analysis of Energy and Commodity Markets
Global Economics: Trade and Currencies
Special Topics in Economics (People and Society Topics)
History of Economic Thought
Students who have completed ECO 302 may select a maximum of two STEM-designated courses (6 credit hours) as their major choice courses. Students who have completed ECO 300 may select a maximum of three STEM-designated courses (9 credit hours) as major choice courses. 2
Game Theory in Economic Applications.
Industrial Organization
Special Topics in Economics (STEM Topics)
Mathematical Economics and Applications
Empirical Labor Economics
Topics in Mathematical Economics
Econometrics
Advanced Macroeconomic Theory
Advanced Microeconomic Theory
Quantitative Economics Track Required Courses (STEM) : 3
Principles of Microeconomics
Principles of Macroeconomics
Macroeconomic Theory
Microeconomic Theory (requires MTH 161 or equivalent as a pre-requisite)
Applied Econometrics
Major Choice Courses (STEM): Select five courses (15 credit hours). Only one course from these five major choice courses may be a People & Society ECO major choice course. Students must select four to five STEM-designated major choice courses (12-15 credit hours) from the following 2
Game Theory in Economic Applications.
Industrial Organization
Special Topics in Economics (STEM Topics)
Mathematical Economics and Applications
Empirical Labor Economics
Topics in Mathematical Economics
Econometrics
Advanced Macroeconomic Theory
Advanced Microeconomic Theory
2. Additional Graduation Requirements for Degree Completion:
ENG 105English Composition I3
ENG 106English Composition II3
UMX 100The University of Miami Experience0
Calculus Course 44
Second Language Proficiency Requirement (3-9 credit hours, depending on the student's initial placement in the language chosen) 59
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 735
Advanced Writing and Communication - see note regarding ECO writing course 8
Total Credit Hours120

 *The curriculum change to require 30 hours instead of 24 hours for the Economics major for Arts and Sciences students is pending Board of Trustee approval.

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 Principles of Microeconomics 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 Principles of Macroeconomics 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 Microeconomic 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 301 Macroeconomic Theory 3
Economics Major Choice Course 3
Minor (second course) 3
People and Society or STEM Cognate Course 3
Elective 3
 Credit Hours15
Junior Year
Fall
ECO 430 Applied Econometrics 3
Economics Major Choice Course 3
Minor (third course) 3
People and Society or STEM Cognate Course 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