Economics is a useful minor for students with a related major in management, statistics, finance, mathematics, geography, sociology, political science, history, urban studies, international relations, and other areas. Minors in Economics are available in six subfields. Each minor consists of at least 13 credits (a minimum of four courses) of upper-division course work in Economics. All courses in the minor must be taken on the A-F grading system. A grade of C or better is required in all courses in the Minor Requirements sections.

Required Preparatory Courses:
Economics 1101 or 1101H or equivalent (Principles of Microeconomics)
Economics 1102 or 1102H or equivalent (Principles of Macroeconomics)
Math 1142 or 1271 or equivalent

Minor Requirements:
Economics 3101 (Intermediate Microeconomics)
9 ADDITIONAL credits (3 courses) of upper division (3xxx-5xxx) courses in Economics

No substitutions are permitted for the minor requirement. However the preparatory courses can be transferred.
This policy is strictly enforced.
All courses for the minor must be taken on the A-F grading system.
A grade of C- or better is required in all courses in the minor.
Only one country/area study course will count towards the requirements.

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Economic Theory Minor

Required Preparatory Courses:
Economics 1101 or 1101H or equivalent (Principles of Microeconomics)
Economics 1102 or 1102H or equivalent (Principles of Macroeconomics)
Math 1271-1272 or equivalent

Minor Requirements:
Math 2243 and 2263 or equivalents (Linear Algebra and Differential Equations, Multivariable Calculus)
Economics 3101 and 3102 (Intermediate Microeconomics & Intermediate Macroeconomics)
One course from the following list:

4109H (Game Theory)
4113 (Mathematical Economics)
4731 (Macroeconomic Policy)
4741 (Quantitative Analysis of the Macroeconomy)

No substitutions are permitted for the minor requirement. However the preparatory courses can be transferred.
This policy is strictly enforced.
All courses for the minor must be taken on the A-F grading system.
A grade of C- or better is required in all courses in the minor.
Only one country/area study course will count towards the requirements.

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Econometrics Minor

Required Preparatory Courses:
Economics 1101 or 1101H or equivalent (Principles of Microeconomics)
Economics 1102 or 1102H or equivalent (Principles of Macroeconomics)
Math 1271 or equivalent

Minor Requirements:
Math 2243 (Linear Algebra and Differential Equations)
Statistics 4101-4102 or 5101-5102 (Theory of Statistics)
Economics 3101 and 3102 or equivalents (Intermediate Microeconomics & Intermediate Macroeconomics)
Economics 4261 (Introduction to Econometrics)
3 credits of directed study (Econ 3993 - an econometrics research project)

No substitutions are permitted for the minor requirement. However the preparatory courses can be transferred.
This policy is strictly enforced.
All courses for the minor must be taken on the A-F grading system.
A grade of C- or better is required in all courses in the minor.
Only one country/area study course will count towards the requirements.

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International Trade and Development Minor

Required Preparatory Courses:
Economics 1101 or 1101H or equivalent (Principles of Microeconomics)
Economics 1102 or 1102H or equivalent (Principles of Macroeconomics)
Math 1142 or 1271 or equivalent

Minor Requirements:
Economics 3101 or equivalent (Intermediate Microeconomic Theory)

One of the following Economic Development courses:

Economics 4331W*
Economics 4301

One of the following Comparative Economic Systems courses:

Economics 4337 *
Economics 4307

One of the following International Economics Courses:

Economics 4431W-4432W*
Economics 4401 (International Economics)

Any one country study**:

Economics 4313 (The Russian Economy)
Economics 4315 (The Japanese Economy)
Economics 3960: Topics in Economics: (The Chinese Economy)
Economics 4311 (Latin American Economy)

*3102 prerequisite
**Note: these offerings vary every year; check with the main office staff for details.

No substitutions are permitted for the minor requirement. However the preparatory courses can be transferred.
This policy is strictly enforced.
All courses for the minor must be taken on the A-F grading system.
A grade of C- or better is required in all courses in the minor.
Only one country/area study course will count towards the requirements.

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Applied Microeconomics Minor

Required Preparatory Courses:
Economics 1101 or 1101H or equivalents (Principles of Microeconomics)
Economics 1102 or 1102H or equivalents (Principles of Macroeconomics)
Math 1271 or equivalent

Minor Requirements:
Economics 3101 or equivalent (Intermediate Microeconomic Theory)
Economics 4531* or 3501 (Labor Economics)
Economics 4631 or 3601 (Industrial Organization)
Economics 3801 or 4821 (Public Finance) or 4831 (Cost-Benefit Analysis)
One additional Economics major course.

NOTE: In addition to the above courses,
we recommend Economics 4211
(Principles of Econometrics,
with Stat 3011-3022 prerequisites)

No substitutions for the minor requirements are permitted. However the preparatory courses can be transferred.
All courses for the minor must be taken on the A-F grading system.
A grade of C- or better is required in all courses in the Minor Requirements section.
Only one country/area study will count towards the requirements.

*3102 prerequisite

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Monetary Economics Minor

Required Preparatory Courses:
Economics 1101 or 1101H or equivalent (Principles of Microeconomics)
Economics 1102 or 1102H or equivalent (Principles of Macroeconomics)
Math 1142 or 1271 or equivalent

Minor Requirements:
Statistics 3011 or equivalent (Statistical Analysis)
Economics 3101, 3102 (Intermediate Micro and Intermediate Macro Theory)
Economics 4751 (Financial Economics)
Economics 4721 or 3701 (Money and Banking)
Economics 4731 (Macroeconomic Policy) or 4741 (Quantitative Analysis of the Macroeconomy)

No substitutions for the minor requirements are permitted. However the preparatory courses can be transferred.
All courses for the minor must be taken on the A-F grading system.
A grade of C- or better is required in all courses in the Minor Requirements section.
Only one country/area study will count towards the requirements.

Management Minors

The Carlson School of Management offers a Management Minor which is open to qualified students in all UMTC colleges. This minor develops a broad understanding of business principles with a study of a variety of functional areas within business. Applications are available online at http://www.CarlsonSchool.umn.edu. Contact the Management Minor adviser in the CSOM Undergraduate Studies office in 1-105 CSOM.