Minor in Economics (18)

To complete the statistics or mathematics option, students are expected to complete all six required courses. Requests for course substitutions must be submitted to the Director of Undergraduate Studies, Department of Economics.

Check departmental information for any additional requirements.

Six or more semester hours in the minor must be taken at NIU.

Recommendations

The Department of Economics strongly recommends that students planning to pursue an advanced degree in economics complete the following:

ECON 360 - Intermediate Microeconomics Credits: 3
ECON 361 - Intermediate Macroeconomics Credits: 3
ECON 390 - Basic Econometrics and Economic Applications Credits: 3
ECON 390A - Basic Econometrics Laboratory Credits: 1
ECON 393 - Introduction to Mathematical Methods in Economics Credits: 3
ECON 490 - Economic Statistics and Econometrics Credits: 3
ECON 491 - Mathematical Methods for Economics Credits: 3

Option 1 (open option)

ECON 260 - Principles of Microeconomics Credits: 3
ECON 261 - Principles of Macroeconomics Credits: 3
Electives from economics courses at the 300 or 400 levels (12)

Option 2 (statistics option)

ECON 260 - Principles of Microeconomics Credits: 3
ECON 261 - Principles of Macroeconomics Credits: 3
STAT 435 - Applied Regression Analysis Credits: 3
STAT 437 - Analysis of Discrete Data Credits: 3

Any two ECON courses from the following list (ECON 390 and 390A count as ONE course):

ECON 340 - Financial Economics Credits: 3
ECON 390 - Basic Econometrics and Economic Applications Credits: 3
ECON 390A - Basic Econometrics Laboratory Credits: 1
ECON 391 - Introduction to Quantitative Economics Credits: 3
ECON 460X - Financial Derivatives Credits: 3
ECON 490 - Economic Statistics and Econometrics Credits: 3

Option 3 (mathematics option)

ECON 260 - Principles of Microeconomics Credits: 3
ECON 261 - Principles of Macroeconomics Credits: 3
MATH 336 - Ordinary Differential Equations Credits: 3
MATH 360 - Model Building in Applied Mathematics Credits: 3

Any two ECON courses from the following:

ECON 360 - Intermediate Microeconomics Credits: 3
ECON 361 - Intermediate Macroeconomics Credits: 3
ECON 374 - Game Theory Credits: 3
ECON 393 - Introduction to Mathematical Methods in Economics Credits: 3