Minor in Economics

A minor in Economics at Georgetown University requires completion of six economics courses (including statistics) and a calculus course, for a total of seven (7) courses. Of the six economics courses, at least three 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 minor

Intermediate Microeconomics or Macroeconomics (1 course)

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

Statistics (1 course)

  • ECON 121 (Economic Statistics) or any one of the following courses: MATH 140, MATH 040, GOVT 201, INAF 320, OPIM 173, or OPIM 172*
    * OPIM 172 is a 2-credit course, so students who take it to satisfy the statistics requirement will require an additional economics elective
  • Students interested in taking ECON 122 (Econometrics) as an elective must take ECON 121 or MATH 140 as a pre-requisite

Economic Electives (2 courses)

  • Two (2) economics electives
  • Students who took ECON 003 (instead of 001 and 002) must take 3 economics electives

Notes for SFS Students

  • At most two courses can be double-counted between the SFS Economics Core and the Economics Minor. i.e. Students who take ECON 001 and 002 (or fulfill either or both by AP or other credits) will double-count these with the Minor, and will not be able to double-count ECON 242/243/244
  • Students who take ECON 003 will double-count this with the Minor, and additionally double-count one course among ECON 242/243/244
  • No courses may double-count between a major and a minor
  • Students who take one of the statistics courses above to fulfill a major requirement will be required to take another additional economics elective for the Minor