Economics

Faculty
The Major

The study of economics provides an understanding of the way economies operate and an insight into public issues. The department offers a broad range of undergraduate courses in such fields as money and banking; international and comparative economics; econometrics; theory; history; growth and development; and the organization, performance, and control of industry.

Website: www.arts.cornell.edu/econ

Faculty

D. Easley, chair; K. Hallock, Assoc. Chair; J. Abowd, director of graduate studies; T. Lyons, director of undergraduate studies; T. Bar, C. Barrett, L. Barseghyan, D. Benjamin, J. Berry, G. Besharov, F. Blau, L. Blume, A. Bodoh-Creed, G. Boyer, R. Burkhauser, J. Cawley, S. Coate, D. Easley, R. Ehrenberg, L. Falkson, G. Fields, R. Frank, M. Freedman, G. Hay, Y. Hong, R. Hutchens, G. Jakubson, R. Jarrow, L. Kahn, R. Kanbur, G. Karolyi, N. Kiefer, C. Lim, T. Lyons, M. Majumdar, R. Mansfield, R. Masson, K. Mertens, T. Mitra, F. Molinari, T. O’Donoghue, M. O’Hara, U. Possen, E. Prasad, V. Prowse, A. Razin, D. Sahn, K. Shell, R. Smith, J. Stoye, V. Tsyrennikov, L. Vilhuber, M. Waldman, H. Y. Wan, Jr., J. Wissink. Emeritus: T. E. Davis, P. D. McClelland, R. E. Schuler, E. Thorbecke, J. Vanek

The Major:

Prerequisites:

ECON 1110 and ECON 1120 and MATH 1110 (or equivalents) are required, all with grades of C or better; MATH 1120 (or equivalent) is recommended.

ECON 3010 with a grade of C or better substitutes for ECON 1110 ; ECON 3020 with a grade of C or better substitutes for ECON 1120 .

Requirements:

Eight courses listed by the Department of Economics at the 3000-level or above, or approved by the student’s major advisor, all with grades of C– or better. (S–U grade option is not allowed.)

These eight courses must include:

Note:

Majors are strongly advised to complete ECON 3130 , ECON 3140 , ECON 3210 (or ECON 3190 and ECON 3200 ) before the start of senior year.)

In addition:

At least three ECON courses numbered 3220 thru 3990 (two if ECON 3190 and ECON 3200 are taken).

ECON 3010 with a grade of B or better substitutes for both ECON 1110 and ECON 3130 ; ECON 3020 with a grade of B or better substitutes for both ECON 1120 and ECON 3140 .

If ECON 3210 is applied toward the major, neither ECON 3190 nor ECON 3200 can be applied.

ECON 4980 , ECON 4990 , and ECON 4991 cannot be counted toward the eight-course requirement.

If ECON 3130 is applied to the major, ECON 3010 cannot be.

If ECON 3140 is applied to the major, ECON 3020 cannot be.

If both ECON 3670 and ECON 3680 are taken, only one can be applied to the major.

Honors Program:

An honors program is currently being offered. Students should consult the director of undergraduate studies before May of their junior year for more information.

Recommended Courses:

Students planning graduate work in economics should:

Select:

Consider including some of the following courses in their majors:

Students planning careers in business management should consider including some of the following courses in their majors:

Additional Information:

In addition to completing the economics major, such students should also consider courses in accounting and subjects such as finance, marketing, entrepreneurship, business administration, and business law. Courses in these subjects are offered by the Department of Applied Economics and Management, the School of Hotel Administration, and the Johnson Graduate School of Management.

Students planning to attend law school should consider including some of the following courses in their majors:

Additional Information:

In addition to completing the economics major, such students should inquire at Career Services, College of Arts and Sciences, concerning recommended courses offered by other departments.

In regard to:

ECON 1110 , ECON 3010 , and ECON 3130 , college credit applies as follows:

If ECON 3010 is taken and a grade of B or better is earned, either or both ECON 1110 and ECON 3010 can receive college credit.
If ECON 3010 is not taken, either or both ECON 1110 and ECON 3130 can receive college credit.
If ECON 3010 is taken and a grade of less than B is earned, only ECON 3010 and ECON 3130 can receive college credit.

In regard to:

Additional Information

ECON 1120 , ECON 3020 , and ECON 3140 , college credit applies as follows:

If ECON 3020 is taken and a grade of B or better is earned, either or both ECON 1120 and ECON 3020 can receive college credit.
If ECON 3020 is not taken, either or both ECON 1120 and ECON 3140 can receive college credit.
If ECON 3020 is taken and a grade of less than B is earned, only ECON 3020 and ECON 3140 can receive college credit.