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Economics

Major or Concentrate in Economics

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

You may major/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 CoursesThese can be selected from the Elective list or Category A 

Category A

Intermediate MacroeconomicsECON-UA 12
Competitive AnalysisECON-UB 15
Time Series Tools for Macroeconomics and FinanceECON-UB 232
Macroeconomics Foundations for Asset PricesECON-UB 233
Advanced Topics in Modern MacroeconomicsECON-UB 234
Advanced Microeconomics and Competition LawECON-UB 236
Game TheoryMULT-UB 20
Global Macroeconomic IssuesMULT-UB 230

Note: Students who double concentrating in marketing, finance, or management or co-concentration 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 CourseECON-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 MarketsFINC-UB 23
Behavioral FinanceFINC-UB 29
Social Enterprise & Economic Development: The Indian ContextMULT-UB 25
The Financial SystemMULT-UB 27
Global Macroeconomic IssuesMULT-UB 230

Students in the class of 2013 or 2014

At least two of the four courses must be taken at Stern from the following categories:

Business Economies Program (12 unites)

To complete the business economies program, students must complete the following courses:
1 Category A Course ECON-UB XX
1 Category B Course Please see list of approved Category B courses
2 Economic Electives These 2 elective courses can be selected from Category A or B and the list of Economics electives.


Category A Courses

Any ECON-UB Stern Economics Elective ECON-UB XX

Category B Courses

Competitive Analysis ECON-UB 15
Pricing Strategies MKTG-UB 53
Intermediate Macroeconomics ECON-UA 12
Game Theory MULT-UB 20
Global Macroeconomic Issues MULT-UB 230

Should not be taken in addition to ECON-UA 12 Intermediate Macroeconomics
 
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


Stern Economics Elective Course

Any CAS 200- or 300-level Economics Courses** ECON-UB XX
 ECON-UA 2XX or ECON-UA 3XX ECON-UA

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
International Financial Management FINC-UB 30

Only counts as advance elective for class of 2013 & 2014. Does not count as elective for class of 2015+
Futures and Options FINC-UB 43

Only counts as advance elective for class of 2013 & 2014. Does not count as elective for class of 2015+
International Business Management MGMT-UB 4

Only counts as advance elective for class of 2013 & 2014. Does not count as elective for class of 2015+
At least 2 of the 4 courses taken to satisfy the major/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 2013 or 2014

Students choosing the economics theory major should not take ECON-UB 1 or STAT-UB 103. Instead, they should take ECON-UA 5, ECON-UA 6, and ECON-UA 20.  If you have already taken ECON-UB 1 and/or STAT-UB 103 and have an interest in the economic theory major, you should consult a Stern academic adviser to map out your major program. Specifically, students who have taken ECON-UB 1 before deciding to pursue the economic theory major are not required to take ECON-UA 5.

Economic Theory Program Requirements

To complete the economic theory program, students must complete the following courses:
Introduction to Economic AnalysisECON-UA 5
Mathematics for EconomistsECON-UA 6
Microeconomic TheoryECON-UA 11
Macroeconomic TheoryECON-UA 13
Analytical StatisticsECON-UA 20
Introduction to EconometricsECON-UA 266
Calculus IMATH-UA 121

More information can be found on the Math Department's Website
 
Calculus IIMATH-UA 122
Calculus IIIMATH-UA 123
2 electives from the Stern economics major or the CAS 300-level elective courses.
 
ECON-UB or ECON-UA 3XX

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 IMATH-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 IIMATH-UA 212

May take MATH-UA 121, 122 & 123 in lieu of these courses, with Academic and Faculty Adviser approval.
Microeconomic TheoryECON-UA 11
Macroeconomic TheoryECON-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 EconometricsECON-UA 266
2 Stern Economics elective courses or CAS 200- or 300-level Economics courseECON-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

Introduction to Economic Analysis (T)ECON-UA 5

For students in the classes of 2013 & 2014 only
Mathematics for Economists (T)ECON-UA 6

For students in the classes of 2013 & 2014 only
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 ContextECON-UB 223
Business in Transition EconomiesECON-UB 231
Advanced Microeconomics and Competition LawECON-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 SystemMULT-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.

Meet with Your Adviser

To ensure proper concentration/major progress consult your Academic and Faculty Adviser.

Advising