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Economics

Concentrate in Economics

For course descriptions, prerequisites and course scheduling options, please review the Course Index.

You may concentrate in one of the two official economics areas: business economics or economic theory.

Business Economics Program

Students in the class of 2015+

Business Economies Program (12 units)

To complete the business economies program, students must complete the following courses. At least two of the four courses must be taken at Stern from the following categories:
1 Category A Course  
3 Economic Elective Courses These can be selected from the Elective list or Category A
 

Category A

Intermediate Macroeconomics ECON-UA 12
Competitive Analysis ECON-UB 15
Time Series Tools for Macroeconomics and Finance ECON-UB 232
Macroeconomics Foundations for Asset Prices ECON-UB 233
Advanced Topics in Modern Macroeconomics ECON-UB 234
Advanced Microeconomics and Competition Law ECON-UB 236
Game Theory MULT-UB 20
Global Macroeconomic Issues MULT-UB 230

Note: Students who are double-concentrating in marketing, finance, or management or co-concentrating in global business cannot double count any courses taken toward the completion of their business economics concentration.
 

Stern Economic Elective Courses

Any Stern Economics Elective Course ECON-UB XX
Any CAS 200- or 300-level Economics Courses** ECON-UA 2XX or ECON-UA 3XX
(All prerequisites must be observed.)
Topics in Emerging Financial Markets FINC-UB 23
Behavioral Finance FINC-UB 29
Social Enterprise & Economic Development: The Indian Context MULT-UB 25
The Financial System MULT-UB 27
Global Macroeconomic Issues MULT-UB 230
At least 2 of the 4 courses taken to satisfy the concentration requirement, must be taken in the Stern school. Many CAS electives require either Intermediate Macroeconomics (ECON-UA 12) or Intermediate Microeconomics (ECON-UA 10) as prerequisites; ECON-UB 1 is accepted as a prerequisite in lieu of ECON-UA 10.

Transfer students, who have not completed ECON-UB 1 at Stern, are required to take Intermediate Microeconomics (ECON-UB 10) or apply an equivalent course in Intermediate Microeconomics from a previous institution. Intermediate Microeconomics will not satisfy any of the concentration elective requirements.

The following CAS economics courses are not open to Stern students: Economic Principles I or II (ECON-UA 1 or ECON-UA 2); Intermediate Microeconomics (ECON-UA 10); Statistics (P) (ECON-UA 18); Money and Banking (ECON-UA 231); International Economics (ECON-UA 238); and Financial Economics (ECON-UA 368).

Economic Theory Program Requirements

Students in the class of 2015+

The required courses in the economic theory concentration are the following:
 

Economic Theory Program Requirements

Complete the following courses in addition to Microeconomics (ECON-UB 1) and Economics of Global Business (ECON-UB 11):
Mathematics for Economics I MATH-UA 211

May take MATH-UA 121, 122 & 123 in lieu of these courses, with Academic and Faculty Adviser approval. More course information
Mathematics for Economics II MATH-UA 212

May take MATH-UA 121, 122 & 123 in lieu of these courses, with Academic and Faculty Adviser approval.
Microeconomic Theory ECON-UA 11
Macroeconomic Theory ECON-UA 13
Analytical Statistics† ECON-UA 20

STAT-UB 103 or the combination of STAT-UB 1 and STAT-UB 3 can complete this requirement.
Introduction to Econometrics ECON-UA 266
2 Stern Economics elective courses or CAS 200- or 300-level Economics course ECON-UB XX, ECON-UA 2XX or ECON-UA 3XX
The economic theory program is for students who wish to begin the formal study of economic reasoning with an emphasis on mastering the analytical tools. This program of courses relies on a higher level of abstraction and emphasizes the techniques of economic analysis rather than the study of specific economic problems or institutions. It is well-suited for students who intend to pursue a professional career in economics, are considering graduate study in economics, or those pursuing careers or higher degrees in highly quantitative fields such as finance.

Choosing Between or Changing Economics Areas

Economic Theory Courses

Mathematics for Economics I (T) MATH-UA 211

For students in the classes of 2015 & 2016 only
Mathematics for Economics II (T) MATH-UA 212

For students in the classes of 2015 & 2016 only
Analytical Statistics (T) ECON-UA 20
Microeconomics Theory and Analysis (T) ECON-UA 11
Macroeconomics Theory of Analysis (T) ECON-UA 13
Introduction to Econometrics (T) ECON-UA 266

 

Economics Elective Courses

Independent Study in Economics (B) ECON-UB 94-99
Economics of Sex, Drugs, and Rock & Roll (B, T) ECON-UB 210
Sports Economics (B, T) ECON-UB 211
Psychology and Economics (B,T) ECON-UB 213
Social Enterprise & Economic Development: The Indian Context ECON-UB 223
Business in Transition Economies ECON-UB 231
Advanced Microeconomics and Competition Law ECON-UB 236
Topics in Emerging Financial Markets (B) FINC-UB 23
Behavioral Finance (B) FINC-UB 29

CAS Economics and Multi-disciplinary Elective Courses

Intermediate Macroeconomics: Business Cycles and Stabilization Policy (B) ECON-UA 12
Economic History of the United States (B, T) ECON-UA 205
Ethics and Economics (B, T) ECON-UA 207
Urban Economics (B, T) ECON-UA 227
Poverty and Income Distribution (B, T) ECON-UA 233
Gender and Choices (B, T) ECON-UA 252
Strategic Decision Theory (T) ECON-UA 310

Note: This course should not be taken by students who have already taken MULT-UB 20, Game Theory.
Industrial Organization (B) ECON-UA 316

Note: This course should not be taken by students who have already taken MULT-UB 15, Competitive Analysis.
Market Structure and Performance (T) ECON-UA 317
Economic Development (B, T) ECON-UA 323
Topics in the Global Economy (B) ECON-UA 324
Economics of Energy and the Environment (B, T) ECON-UA 326
Ownership and Corporate Control in Advanced and Transition Economies (B, T) ECON-UA 340
Labor Economics (B, T) ECON-UA 351
Public Economics (B, T) ECON-UA 353
Law, Economics and Society (B) ECON-UA 355
Experimental Economics (B, T) ECON-UA 360
Advanced Micro Theory (T) ECON-UA 365
Topics in Econometrics (B) ECON-UA 380
Honors Tutorial (B, T) ECON-UA 410

This course is open only to honors students.
Honors Thesis (B, T) ECON-UA 450

This course is open only to honors students.
Global Perspectives on Enterprise Systems (B, T) ECON-UB 220
Monetary Policy and the Financial System (B, T) ECON-UB 221
Asian Economies (B,T) ECON-UB 222
Business and the Environment (B, T) ECON-UB 225
Time Series Tools for Macroeconomics and Finance (B,T) ECON-UB 232
Macroeconomics Foundations for Asset Prices (B,T) ECON-UB 233
Advanced Topics in Modern Macroeconomics (B,T) ECON-UB 234
Social Enterprise & Economic Development: The Indian Context (B) MULT-UB 25
Global Macro Issues (B, T) MULT-UB 230
Competitive Analysis (B) MULT-UB 15
The Financial System MULT-UB 27
Game Theory (B) MULT-UB 20

Students who are unsure about which area is appropriate for their interests should seek advice from both the Academic Advising Office and Economics Faculty Adviser. Transferring between economics areas can be complex, especially when switching from business economics to the economic theory. You are urged to make this decision early on in their Stern careers.

The list of courses below is divided into three sections:(I) economic theory major courses (anchor to area indicated below), and (II) economics elective courses (anchor to area indicated below). Students in either economics area can choose electives from any list.

Courses listed with a (B) designation indicate that they will count only toward the business economics area. Courses listed with a (T) designation indicate that the course will count only toward the economics theory area. Courses with the notation (B, T) count toward either area.