Major Requirements

Listed below are the requirements for the Economics major. In addition to the requirements for the major, students must also satisfy all of the university general education requirements and the College of Letters & Science breadth and other degree requirements. Degree requirements will vary depending on when you took your first college class. You are strongly advised to consult both the economics advisor and your L&S Advisor to ensure you stay on track towards a degree. Read more about the degree requirements on the L&S Degree Requirements web pages.

Requirements

Total Credits Required

30 credits

Required Courses (15 credits)
  • Econ 103 - Principles of Microeconomics, 3 credits
  • Econ 104 - Principles of Macroeconomics, 3 credits
  • Econ 210 - Economic Statistics, 3 credits
    (* Bus Adm 210 or MthStat 215 may be substituted for Econ 210 and will count in the major GPA.)
  • Econ 301 - Intermediate Microeconomics, 3 credits
  • Econ 302 - Intermediate Macroeconomics, 3 credits
Electives

At least 15 credits must be in upper-division (300-level and above) economics courses taken in residence at UWM. At least one course must be at the 400 level or above, excluding Econ 415.

Research Requirement

All majors in economics must complete an independent research experience by selecting from the list below a 400- or 500-level course in which they will write and present a research paper. The contents of the paper and the presentation of the results will be arranged with the faculty member teaching the course.

Eligible courses are Econ 403, 404, 405, 411, 413, 422, 426, 432, 437, 447, 448, 454, 455, 506, 513, 525, 529, and 699.

Honors in the Major

Departmental honors are awarded upon graduation to students who achieve a 3.000 GPA on all UWM graded credits attempted, a 3.500 GPA on all credits that count toward the major, and a 3.500 GPA on all credits in advanced-level (numbered 300 and above) courses that count toward the major.

Optional Concentrations

The Department offers three optional concentrations within the major. While completing the major requirements outlined above, students may elect to complete one of the following sets of requirements:

  1. International Economics – three courses from the international module.
  2. Quantitative Methods – three courses from the quantitative methods module.
  3. Graduate Preparation – two courses each from the quantitative methods module and the economic theory module as follows:

    Econ 413 - Statistics for Economists, 3 credits
    Econ 506 - Mathematical Economics I, 3 credits
    Econ 513 - Econometrics, 3 credits
    Econ 606 - Mathematical Economics II, 3 credits

For courses that meet the requirements of each module, see the economics course listings.



GPA Requirements

The College requires students to attain at least a 2.5 GPA on all credits in the major attempted at UWM, and attain at least a 2.5 GPA on all major credits attempted when any transfer work is included along with the UWM work.