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

Note: Effective Fall 2023, all main campus courses have been renumbered using a new 4-digit numbering system.

https://schedule.georgetown.edu/course-renumbering-crosswalk/e/#econ

Principles of Microeconomics and Macroeconomics (2 courses)

  • ECON-1001 – Principles of Microeconomics and ECON-1002 – Principles of Macroeconomics
    [formerly ECON-001 and ECON-002]
  • Students may waive 1001 or/and 1002 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 1003 – Principles of Economics: Micro & Macro combined [formerly ECON-003] may be taken instead of 1001 and 1002, but not by students who have taken both ECON-1001 and 1002, or received Advanced Placement (AP) credit for both of these courses. (Students who have taken only one of these courses, or received AP credit for it, may take ECON-1003.) As of Fall 2022, this course earns 4 credits, and is more intensive and faster paced than 1001 or 1002. It is aimed at students who have had a year of high school economics and/or are comfortable with graphical analysis and high-school algebra.
  • Students who take 1003 instead of 1001 and 1002 will require an additional economics elective

Calculus (1 course)

  • ECON 1357 Essential Math for Econ [New], or MATH-1320 – Calculus with Review B or MATH-1350 – Calculus I [formerly MATH-032 and MATH-035], or an AP score of 5 (or IB score of 7 on HL exam)
  • Calculus is a prerequisite for all 2000-level economics courses.
  • Calculus is a corollary requirement* for all 1000-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-2101 – Intermediate Microeconomics or ECON-2102 – Intermediate Macroeconomics
    [formerly ECON-101 and ECON-102]

Statistics (1 course)

  • ECON-2110 – Economic Statistics or any one of the following courses:
    MATH-2140, MATH-2040, GOVT-2201, INAF-3200, OPAN-2101, or OPAN-2102
    [formerly ECON-121, MATH-140, MATH-040, GOVT-201, INAF-320, OPIM-172, or OPIM-173]
  • Students interested in taking ECON-2120 (Econometrics) as an elective must take ECON-2110 or MATH-2040 as a pre-requisite

Economic Electives (2 courses)

  • The remaining two (2) economics electives will come from economic elective courses taken at 2000-4999 level.
  • Students who took ECON-1003 (instead of 1001 and 1002) must take 3 economics electives
    [formerly ECON-003]
  • The Department maintains a list of our course descriptions and their prerequisites.
    Note: not all courses are offered each semester, check with the Georgetown Schedule for the current semester’s listing.

Grading Rules

In general, only free electives may be taken pass/fail. Courses fulfilling core or major/minor/certificate requirements must be taken for a letter grade (unless the course is only offered on a pass/fail basis). Students may take courses in core curriculum fields of study as electives, on a pass/fail basis, after they have already fulfilled that core requirement. Similarly, students who wish to take a course in their major or minor field of study on a pass/fail basis may do so only after all requirements for that major or minor have been fulfilled. Those seeking an exception to this rule must consult the relevant director of undergraduate studies or program director. If the pass/fail option is approved by exception, the course will not, under any circumstances, count in the major or minor.

Undergraduate Bulletin

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 1001 and 1002 (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-2542/2543/2544 [formerly ECON 242/243/244]
  • Students who take ECON-1003 will double-count this with the Minor, and additionally double-count one course among ECON-2542/2543/2544
  • 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