The Stern economics department offers two concentrations: Business Economics and Econometrics & Quantitative Economics.

Business Economics provides you with an effective framework to understand how developments in technology, in consumers’ orientation, in the competitive landscape, in 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.

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. EQE graduates pursue higher—level degrees or gain employment at hedge funds, economics research outfits, technology companies, and top consulting firms.

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 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).

Business Economics Program

To complete the business economies concentration, students must complete the following courses in addition to Microeconomics (ECON-UB 1) and Economics of Global Business (ECON-UB 11). At least two of the four courses must be taken at Stern from the following categories:

Business Economics Concentration Requirements

Business Economics Program (12 Units)
Type of Course Approved Course
 2 Advanced Economic Elective Courses   Any ECON-UB elective. 
 2 Additional Economic Elective Courses   Any ECON-UA 200-399, ECON-UB elective or approved course (see below). 
Additional Courses Approved to Count as Business Economics Electives*
Title of Course Course Number
 Game Theory   MULT-UB 20 
 The Financial System   MULT-UB 27 
  • Students who are double-concentrating in another Stern area where the courses on the list above would satisfy elective requirements cannot double count any courses taken toward the completion of their business economics concentration.
  • 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).

Econometrics & Quantitative Economics

The Econometrics & Quantitative Economics concentration is a STEM-eligible program aimed at students looking for a more quantitative collection of courses. These courses are of interest to students considering graduate school in economics or finance, as well as those looking to develop a sound foundation in modern quantitative skills. Students are also encouraged to consider further mathematics and programming courses. Students must complete the following courses in addition to Microeconomics (ECON-UB 1) and Economics of Global Business (ECON-UB 11):

Econometrics & Quantitative Economics Concentration Requirements

Econometrics & Quantitative Economics Concentration Requirements
Requirement Courses
  • Econometrics (ECON-UB 251)
  • Econometrics
    (ECON-SHU 9301)
Mathematics Two of the following Math courses:
  • Calculus I (MATH-UA 121)
  • Calculus II (MATH-UA 122)
  • Calc III
    (MATH-UA 123)
  • Linear Algebra (MATH-UA 140)
**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 course information
2 Courses from the Frontiers of Economics course sequence
  • 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)
2 electives from the following courses
  • Any advanced ECON-UB XX elective
  • MULT-UB 20
  • MULT-UB 27
  • Any approved advanced ECON-UA 2XX or ECON-UA 3XX

Choosing Between or Changing Economics Areas

Students pursuing either a business economics or especially an econometrics & quantitative economics concentration, are encouraged to explore the option of augmenting the study of economics at Stern with advanced coursework in the CAS Mathematics department, possibly through the completion of a CAS Major in Mathematics. More information regarding the Mathematics Major can be found on the CAS Math Department’s Website ( Students interested in pursuing a major in any CAS area are encouraged to discuss this option and how it might fit into their overall curricular plan with their Stern Academic Adviser. If you are unsure which courses best fit your interests and career plans, please contact the Stern Office of Academic Advising and the economics department faculty adviser. Since sequencing is an issue, we urge you do do this early in your Stern career.