Major in Economics (COL)

A major in Economics at Georgetown University requires completion of ten economics courses (including statistics and econometrics) and a calculus course, for a total of eleven (11) courses.  Of the ten economics courses, at least five must be taken in the Economics Department at Georgetown.

Course Categories & Prerequisites

Principles of Microeconomics and Macroeconomics (2 courses)

  • ECON 001 (Principles of Microeconomics) and ECON 002 (Principles of Macroeconomics)
  • Students may waive 001 or/and 002 and obtain the course credit with an AP score of 5 (or an IB score of 6 or 7 on Higher Level (HL) exam) in Microeconomics or/and Macroeconomics
  • ECON 003 (Principles of Economics: Micro & Macro combined) may be taken instead of 001 and 002 (but not by students who have taken ECON 001, 002, or received course credit via AP or IB)
  • Students who take 003 instead of 001 and 002 will require an additional economics elective

Calculus (1 Course)

  • MATH 035 (Calculus I)
  • or AP score of 4 or 5 (or IB score of 6 or 7 on HL exam)
  • Calculus is a corollary requirement* for all 100-level economics courses
    * This course may also count toward another major or minor requirement in addition to the Economics major

Intermediate Microeconomics and Macroeconomics (2 courses)

  • ECON 101 (Intermediate Microeconomics) and ECON 102 (Intermediate Macroeconomics)

Statistics (1 course)

  • ECON 121 (Economic Statistics) or MATH 140 (Intro to Mathematical Statistics)
  • Statistics (ECON 121 or MATH 140) is a prerequisite for Econometrics
  • Students double majoring in Economics and Mathematics who take MATH 140 instead of ECON 121 and count the former in the mathematics major will be required to take an additional Economics course to reach the required total of 10 economics courses

Econometrics (1 course)

  • ECON 122 (Introduction to Econometrics)
  • Must be taken before the start of Senior year

Economics Electives (4 courses)

  • At least 2 electives must be at 400-level; at least 3 must be at 400-level for Honors in Economics
  • 400-level courses typically require at least one of the following prerequisites: 101, 102 or 122
  • Students who took ECON 003 (instead of 001 and 002) must take 5 economics electives

Writing in the Major describes our integrated writing requirement for economics majors.

Graduate Study

Students who anticipate graduate study in economics should take the Calculus sequence in the Mathematics Department (Math 035, 036, 137), Linear Algebra (Math 150), and Mathematics for Economists (Econ 425).