Learn about Stern Economics Concentration Options: Business Economics and Econometrics & Quantitative Economics.

You may concentrate in one of the two official economics areas: Business Economics; and Econometrics & Quantitative Economics. Both are designed to offer choices and flexibility and include courses at Stern as well as in the highly-regarded economics department at the College of Arts and Science (CAS).

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Business Economics Concentration


Learn about the Business Economics Concentration

Business Economics provides you with an effective framework to understand how developments in technology, consumers’ orientation, the competitive landscape, public policy as well as in geopolitics, affect your ability to pursue your goals. Economics further provides you with invaluable insights on how to modify your strategies to take full advantage of benign shocks and govern the impact of adverse disturbances.
 

Business Economics Concentration Requirements

To declare a concentration in Business Economics, you must fill out the concentration declaration form on Stern Life.


Required Functional Business Core Course:

  • Microeconomics (ECON-UB 1 or 2) and Economics of Global Business (ECON-UB 11)


You are required to complete at least 12 credits of upper-level economics courses that consist of:

  • Four (4) approved Economics electives. At least 2 of the 4 courses must be taken at Stern.


Approved Economics Elective Options

  • Any “ECON-UB” elective
  • Game Theory (MULT-UB 20)
  • The Financial System (MULT-UB 27)
  • An ECON-UA 200-399 elective (4 credits)
    • Many CAS electives require either Intermediate Macroeconomics (ECON-UA 12) or Intermediate Microeconomics (ECON-UA 10) as prerequisites. If you have any questions about prerequisites, please contact your adviser. 
    • 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).


Additional Notes and Resources 

  • A Stern elective course may satisfy only one concentration requirement. For example, Competitive Analysis can count toward the Business Economics concentration requirement OR as an advanced marketing elective, but it cannot satisfy both requirements.
  • Explore the Asset Pricing track to help you supplement your concentration with coursework in specific areas of economics and finance. 


Econometrics & Quantitative Economics 


Learn about the Econometrics & Quantitative Economics

Econometrics & Quantitative Economics is a STEM-eligible program and will acquaint you with the analytical toolkit of the modern professional economist, which includes coding, statistical methods, and advanced mathematics. These courses may be of interest to you if you are considering graduate school in economics or finance as well as looking to develop a sound foundation in modern quantitative skills. Students are also encouraged to consider further mathematics and programming courses. EQE graduates pursue higher-level degrees or gain employment at hedge funds, economics research outfits, technology companies, and top consulting firms. 


Econometrics & Quantitative Economics Concentration Requirements

To declare a concentration in Econometrics & Quantitative Economics, you must fill out the concentration declaration form on Stern Life.


Required Functional Business Core Course:

  • Microeconomics (ECON-UB 1 or 2) and Economics of Global Business (ECON-UB 11)


You are required to complete at least 23 credits of upper-level economics courses that consist of:

  • Econometrics (ECON-UB 251/ECON-SHU 9301)
  • Two (2) approved math courses
  • Two (2) courses from the Frontiers of Economics course sequence
  • Two (2) approved economics electives 


Approved Math Courses

  • Calculus I (MATH-UA 121)
  • Calculus II (MATH-UA 122)
  • Calculus III (MATH-UA 123)
  • Linear Algebra (MATH-UA 140)

Note: Internal transfer students who took Math for Economics I (MATH-UA 211), Math for Economics II (MATH-UA 212) and/or Math for Economics III (MATH-UA 213) may use up to two of these courses to satisfy the math requirement. More math course information


Frontiers of Economics

  • Quantitative Microeconomics (ECON-UB 10)
  • Data Bootcamp (ECON-UB 232)
  • Macroeconomic Foundations for Asset Prices (ECON-UB 233)
  • Advanced Topics in Modern Macroeconomics (ECON-UB 234)


Approved Economics Electives

  • Any “ECON-UB” elective
  • Game Theory (MULT-UB 20)
  • The Financial System (MULT-UB 27)
  • Any approved advanced ECON-UA 2XX or ECON-UA 3XX elective


Additional Notes and Resources

  • A Stern elective course may satisfy only one concentration requirement.  For example,  Competitive Analysis can count toward the Business Economics concentration requirement OR as an advanced marketing elective, but it cannot satisfy both requirements.
  • It is recommended that if you are interested in the EQE concentration, that you take Microeconomics with Calculus (ECON-UB 2) in your first year.
  • Explore the Asset Pricing track to help you supplement your concentration with coursework in specific areas of economics and finance.


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