Economics, BA

Economics is a social science and, as such, an important component of the liberal arts curriculum. At the core of economics are theories of how individuals, firms, and other organizations make choices and interact, taking into account constraints on their behaviors. Among the topics studied in economics are the determination of prices and quantities in various types of markets (from perfectly competitive commodity markets to highly regulated utility markets and internet auctions); the effects of taxes, subsidies, and regulations; the determination of aggregate economic activity (e.g., GDP, unemployment); inflation, monetary policy, and financial intermediation; economic growth and income distribution; and international trade and international finance (e.g., exchange rates). The Economics Major provides training in economic principles and provides a useful background for students preparing for a career in public policy, business, or finance.

The minimum total course units for graduation in this major is 32. Double majors may entail more course units.

10 course units Economics - 6 course units must be taken in the Economics Department at the University of Pennsylvania.

The Calculus Requirement is: MATH 104 Calculus, Part I and MATH 114 Calculus, Part II or MATH 115 Calculus, Part II with Probability and Matrices.

Economics Core Requirement (Micro, Macro, and Statistics)

Note: LPS academic year courses ECON 001 Introduction to Micro Economics, ECON 002 Introductory Economics: Macro, ECON 101 Intermediate Microeconomics, ECON 102 Intermediate Macroeconomics, or ECON 103 Statistics for Economists ONLY may be used for the Major.

For information about the General Education requirements, please visit the College of Arts & Sciences Curriculum page.

College General Education Requirements and Free Electives
Foundational Approaches + Sectors1 + Free Electives20
Major Requirements
Introduction to Micro and Macro Economics 2
Introduction to Micro Economics
Introductory Economics: Macro
Or Waiver Conversion Complete
Intro Micro/Macro - For WHARTON Students Only
Introduction to Economics for Business
Select an additional 200-level ECON course 3
Intermediate Level Micro and Macro Economics 4
ECON 101Intermediate Microeconomics1
ECON 102Intermediate Macroeconomics1
ECON 103Statistics for Economists1
or STAT 430 Probability
or STAT 431 Statistical Inference
STAT 430Probability (and one additional ECON course) 51
STAT 431Statistical Inference (and one additional ECON course) 51
ECON 104Econometrics1
Four Major Courses
Select 4 course units of Major Courses from all 200 Level with 2 course units in Econ Dept at U of P4
Mathematics Requirement
MATH 104Calculus, Part I1
MATH 114Calculus, Part II1
or MATH 115 Calculus, Part II with Probability and Matrices
Total Course Units32

You may count no more than one course toward both a Major and a Sector requirement. For Exceptions, check the Policy Statement.


ECON 001 Introduction to Micro Economics and ECON 002 Introductory Economics: Macro are prerequisites for all economics courses. ECON 001 Introduction to Micro Economics is the prerequisite for ECON 002 Introductory Economics: Macro.


ECON Course Required if ECON 010 Introduction to Economics for Business is taken.


ECON 101 Intermediate Microeconomics is a prerequisites for all 200-level economics courses & ECON 102 Intermediate Macroeconomics for many.


ECON Course required if STAT 430 Probability or STAT 430 Probability/STAT 431 Statistical Inference are taken.


Applicants must have a minimum GPA of 3.5 in Economics.

ECON 001Introduction to Micro Economics1
ECON 002Introductory Economics: Macro1
ECON 101Intermediate Microeconomics1
ECON 102Intermediate Macroeconomics1
ECON 103Statistics for Economists1
ECON 104Econometrics1
One 200 level course
Year Long Course
ECON 300Honors Seminar1

The degree and major requirements displayed are intended as a guide for students entering in the Fall of 2017 and later. Students should consult with their academic program regarding final certifications and requirements for graduation.