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.
Economics Major Requirements
To major in economics, students must earn grades of at least C in ECON 103 and ECON 104, attain at least a 2.0 GPA on all credits in the major attempted at UWM, and attain at least a 2.0 GPA on all major credits attempted when any transfer work is included along with the UWM work. The major in economics requires a minimum of 30 credits plus a research requirement including the following:
| Code | Title | Credits |
|---|---|---|
| Required 1 | ||
| ECON 103 | Principles of Microeconomics | 3 |
| ECON 104 | Principles of Macroeconomics | 3 |
| ECON 210 | Economic Statistics 2 | 3 |
| ECON 301 | Intermediate Microeconomics | 3 |
| ECON 302 | Intermediate Macroeconomics | 3 |
| Electives 1 | ||
| Select at least one course at the 400 level or above (excluding ECON 415). | 3 | |
| Select 12 additional credits in ECON, 3 of which must be in an approved research requirement course (see below). | 12 | |
| Total Credits | 30 | |
- 1
At least 15 credits must be in upper-division (300 level and above) economics courses taken in residence at UWM.
- 2
BUS ADM 210 or MTHSTAT 215 may be substituted for ECON 210 and will count in the major GPA.
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 include:
| Code | Title | Credits |
|---|---|---|
| Economic Applications of Game Theory | ||
| Economic Forecasting Methods | ||
| Statistics for Economists | ||
| Public Economics | ||
| Industrial Organization | ||
| Labor Economics | ||
| Economics of Human Resources | ||
| International Trade | ||
| International Finance | ||
| Mathematical Economics I | ||
| Introduction to Econometrics | ||
| The Economics of Water | ||
| Independent Work |
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:
International Economic Relations
| Code | Title | Credits |
|---|---|---|
| Choose three of the following courses: | ||
| Introduction to International Economic Relations | ||
| Economic Development | ||
| International Trade | ||
| International Finance | ||
Quantitative Methods
| Code | Title | Credits |
|---|---|---|
| Choose three of the following courses: | ||
| Research Methods for Economics | ||
| Economic Forecasting Methods | ||
| Statistics for Economists | ||
| Introduction to Econometrics | ||
Graduate Preparation
| Code | Title | Credits |
|---|---|---|
| Choose two courses each from the quantitative methods module and the economic theory module as follows: | ||
| Statistics for Economists | ||
| Mathematical Economics I | ||
| Introduction to Econometrics | ||
| Mathematical Economics II | ||
Additional Economics Modules
For courses that meet the requirements of the following modules:
- General Economics;
- Economic Theory;
- The Economics of Public Policy;
- Strategy, Law, and the Economy; and
- Labor Economics
Please see below.
| Code | Title | Credits |
|---|---|---|
| General Economics | ||
| Introductory Economics | ||
| Principles of Microeconomics | ||
| Principles of Macroeconomics | ||
| Economics of Personal Finance | ||
| First-Year Seminar: | ||
| Independent Study | ||
| Economic Statistics | ||
| Economics of Discrimination | ||
| Selected Topics in Economics: | ||
| Internship in Economics, Lower Division | ||
| Study Abroad: | ||
| Ad Hoc: | ||
| Honors Seminar: | ||
| Selected Topics in Economics: | ||
| Internship in Economics, Upper Division | ||
| Study Abroad: | ||
| Ad Hoc: | ||
| Independent Work | ||
| Economic Theory | ||
| Intermediate Microeconomics | ||
| Intermediate Macroeconomics | ||
| Economic Applications of Game Theory | ||
| Mathematical Economics I | ||
| Mathematical Economics II | ||
| The Economics of Public Policy | ||
| Money and Banking | ||
| Environmental Economics | ||
| Public Economics | ||
| Health Economics | ||
| The Economics of Water | ||
| Strategy, Law, and the Economy | ||
| Analysis of American Industries | ||
| Economics of Antitrust Laws | ||
| Industrial Organization | ||
| Labor Economics | ||
| Economics of Employment and Labor Relations | ||
| Labor Economics | ||
| Economics of Human Resources | ||