The Economics major at Carolina is one of the largest majors within the College of Arts and Sciences. Its Bachelor of Arts degree program is centered within the College’s philosophy of liberal arts to develop each student’s critical thinking skills and, as one of the social sciences, to enable them to gain a broader understanding of human behavior on individual and group levels.
Pre-requisites.
All entering UNC students spend the first two years in the General College. During these four semesters they are required to take a variety of courses in English, foreign language, mathematics, natural sciences, social sciences, aesthetics, history and philosophy.
Because the study of economics involves a substantial amount of quantitative analysis, Economics majors are required to complete a course in calculus prior to beginning the courses of the major.
- MATH 152, MATH 231, STOR 112 or 113 can be used to satisfy the calculus requirement; MATH 116 is not acceptable. The Department strongly encourages students to take STOR 113, unless they plan to take additional math courses beyond Math 231.
- STOR 155 is used to satisfy the statistics requirement.
Students considering doing graduate work in economics should take additional math courses and/or major or minor in mathematics.
Courses required for completing the BA degree in Economics.
For the BA degree in Economics, students are required to take Economics 101 and at least seven (7) additional Economics courses. Note that 200 and 300 level courses in Economicsdo not counttoward the major.Students are required to earn a cumulative GPA of 2.0 or higher in the core ECON courses.
The introductory course: Economics 101.
Three core courses are also required (with pre-requisite courses indicated in brackets):
- ECONOMICS 400: [pre: STOR 155] Elementary Statistics and Econometrics
- ECONOMICS 410: [pre: 101 and one of MATH 152, 231, STOR 112 or 113] Intermediate Theory: Price and Distribution
- ECONOMICS 420: [pre: 410] Intermediate Theory: Money, Income and Employment
These three will usually be completed by the middle or end of the junior year.
Note: ECON 400 and 410 are prerequisites for many of our 400- and 500-level courses.
Four elective ECONOMICS courses numbered above 400, with at least one course numbered above 500.
We separate these courses into field and advanced courses.
The field courses include the following:
- ECONOMICS 411: [pre: 410 or permission] Game Theory
- ECONOMICS 415: [pre: 410] Market Failures
- ECONOMICS423: [pre: 400, 410, 420] Financial Markets and Economic Fluctuations
- ECONOMICS 425: [pre: 400, 410 & 420] Financial Economics
- ECONOMICS 430: [pre: 410 & 420] Economic Development of the United States
- ECONOMICS 434: History of Economic Doctrines
- ECONOMICS 440: [pre: 400, 410] Analysis of Public Finance
- ECONOMICS 445: [pre: 400, 410] Industrial Organization
- ECONOMICS 450: [pre: 400, 410] Health Economics: Problems and Policy
- ECONOMICS 454: [pre: 400, 310 or 410] Economics of Population
- ECONOMICS 455: [pre: 400, 410] Environmental Economics
- ECONOMICS 460: [pre: 400, 410] International Economics
- ECONOMICS 461: [pre: 400, 410] European Economic Integration
- ECONOMICS 465: [pre: 400, 410] Economic Development
- ECONOMICS 468: [pre: 400, 310 or 410] Principles of Soviet and Post-Soviet Economic Systems
- ECONOMICS 469: [pre: 400, 310 or 410] Western and Asian Economic Systems
- ECONOMICS 470: [pre: 400 and 410] Econometrics**
- ECONOMICS 480: [pre: 400, 410] Labor Economics
- ECONOMICS 485: [pre: 400, 410] Economics of Sports
- ECONOMICS 486: [pre: 400, 410] Gender and Economics
- ECONOMICS 491: Seminar in Economics
- ECONOMICS 698: Philosophy, Politics, and Economics*
*ECON 698 will count for 400-level credit only if ECON 384 has been taken. ECON 698 alone will not count toward major.
**Students may not receive credit for both ECON 470 and ECON 570.**
The advanced courses include the following:
- ECONOMICS510: [pre: 400, 410] Topics in Microeconomic Theory
- ECONOMICS511: [pre: 400, 410 & MATH 233 or permission] Advanced Game Theory
- ECONOMICS 520: [pre: 400, 410, 420] Topics in Macroeconomic Theory
- ECONOMICS 525: [pre: 400, 410, 425 (co-req) ECON 493] Advanced Financial Economics
- ECONOMICS540: [pre: 400, 410, 440] Advanced Topics in Public Finance
- ECONOMICS545: [pre: 445] Advanced Topics in Industrial Organization
- ECONOMICS 550: [pre: 400, 410] Advanced Health Economics
- ECONOMICS 551: [pre: 400, 410, 470 (co-req) or 470 or 570 or permission] Economics of Education
- ECONOMICS560: [pre: 400, 410, 460] Topics in International Economics
- ECONOMICS 570: [pre: 400, 410] Economic Applications of Statistical Analysis**
- ECONOMICS 571: [pre: 470 or 570] Advanced Econometrics
- ECONOMICS 575: [pre: 400, 410, 420] Applied Time Series Analysis and Forecasting
- ECONOMICS 580: [pre: 400, 410, 450, 451, 480] Topics in Labor Economics
- ECONOMICS586: [pre: 400, 410 or permission] Economics of the Family
For students in the Senior Honors Program, both ECONOMICS 691H and ECONOMICS 692H are required advanced courses. A student in the Senior Honors Program will complete at least three courses numbered above 420 and these two advanced courses in addition to the introductory course and the three core courses.
**Students may not receive credit for both ECON 470 and ECON 570.**
Economics courses that do not count toward the major.
The Department offers the following courses as service to other departments, schools and curricula. Since they are designed for students with somewhat different interests and objectives,these courses do not count towards an Economics majorand may not receive graduation credit if paired with similar courses from the above lists: First Year Seminars, ECON 231, ECON 234, ECON 267, ECON 310, ECON 320, ECON 325, ECON 328, ECON 340, ECON 345, ECON 360, ECON 363, ECON 380, ECON 385, and ECON 390.
Students should check the Undergraduate Bulletinfor further details.
As an expert in economics and academia, I bring a wealth of knowledge and experience to the table. With a deep understanding of economic principles, quantitative analysis, and the academic structure, I can provide valuable insights into the Economics major at Carolina.
Let's dive into the key concepts mentioned in the article:
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General College and Prerequisites:
- All entering UNC students spend the first two years in the General College.
- During these four semesters, students take courses in English, foreign language, mathematics, natural sciences, social sciences, aesthetics, history, and philosophy.
- Economics majors are required to complete a course in calculus before beginning major courses.
- Acceptable calculus courses include MATH 152, MATH 231, STOR 112, or 113, excluding MATH 116.
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Statistics Requirement:
- STOR 155 is used to satisfy the statistics requirement for Economics majors.
- The department encourages students to take STOR 113, unless they plan to take additional math courses beyond Math 231.
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Graduate Work in Economics:
- Students considering graduate work in economics are advised to take additional math courses and/or major or minor in mathematics.
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Core Economics Courses:
- To complete the BA degree in Economics, students must take Economics 101 and at least seven additional Economics courses.
- A cumulative GPA of 2.0 or higher in core ECON courses is required.
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Introductory and Core Courses:
- Economics 101 is the introductory course.
- Three core courses include Economics 400 (Elementary Statistics and Econometrics), Economics 410 (Intermediate Theory: Price and Distribution), and Economics 420 (Intermediate Theory: Money, Income, and Employment).
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Elective Economics Courses:
- Four elective Economics courses numbered above 400, with at least one above 500.
- Courses cover various fields, including game theory, market failures, financial markets, economic development, history of economic doctrines, public finance, industrial organization, health economics, environmental economics, international economics, and more.
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Advanced Courses:
- Advanced courses (numbered 500 and above) cover topics in microeconomic theory, game theory, macroeconomic theory, financial economics, public finance, industrial organization, health economics, education economics, international economics, econometrics, labor economics, and more.
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Senior Honors Program:
- Students in the Senior Honors Program must complete advanced courses such as Economics 691H and Economics 692H, along with other specified requirements.
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Courses Not Counting Toward the Major:
- Certain courses, designated as service courses to other departments, do not count toward an Economics major. These include First Year Seminars, ECON 231, ECON 234, ECON 267, ECON 310, ECON 320, ECON 325, ECON 328, ECON 340, ECON 345, ECON 360, ECON 363, ECON 380, ECON 385, and ECON 390.
In summary, the Economics major at Carolina follows a structured curriculum, emphasizing a strong foundation in mathematics and statistics, core courses in economic theory, and a variety of elective and advanced courses covering diverse aspects of economics. The program aims to develop students' critical thinking skills and provide a broader understanding of human behavior on individual and group levels within the context of liberal arts.
