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Economics

Economics is the study of how people and entities choose to use resources (information, time, money, and raw materials) to create useful products and services in a market environment. As Economics Major, your goal is to better understand how trade, investment, and the movement of people and resources across national boundaries tie the global economy together.

This program will prepare you for a career in academics, consulting, finance, law, and/or the public sector. The introductory level Micro- and Macroeconomics courses will provide you with a solid understanding of the basic principles of economics and teach you to think analytically about incentives, opportunity costs, property rights, and the role of the private and public sector in both regional and international markets. As you advance through the program, you will become a more sophisticated consumer of news pertaining to current economic events and will find yourself capable of making quantitative and qualitative judgments about them.

You must complete the core program before taking six additional electives based on your field of interest from the list below. These electives focus on more specialized topics including monetary policy, taxation, import quotas, subsidies, and regulation.

To fulfill the requirements for this major, you must complete the core program (7 courses) as well as 3 electives of your choice (3 courses) for a total of 10 courses.

Core Program

  • ECON101: Principles of Microeconomics

    • ECON101: Principles of Microeconomics     

      ECON101 is a college-level course that covers the fundamental principles of microeconomics. Students can earn a Saylor.org certificate of completion with a score of 70 or higher on the Final Exam after completing the entire course. You may choose to take either ECON101 or ECON101-CLEP in order to fulfill your Saylor area of study requirements in Microeconomics.

    • ECON101-CLEP: Principles of Microeconomics     

      ECON101-CLEP® is aligned to a CLEP® exam administered by the College Board. Should you choose to take ECON101-CLEP®, you will complete your coursework at Saylor.org, but will then have the opportunity to pay a fee in order to take the proficiency exam through CLEP® and potentially receive transferable college credit. (Please be sure to determine whether your home institution will accept this transfer credit prior to taking the exam!)  This course differs from ECON101 above in that it covers the following additional topics: fundamentals of economic development, income inequality, and economic systems.  You may choose to take either ECON101 or ECON101-CLEP® in order to fulfill your Saylor area of study requirements in Microeconomics. 

  • ECON102: Principles of Macroeconomics

    • ECON102: Principles of Macroeconomics     

      ECON102 is a college-level course that covers the fundamental principles of macroeconomics. Students can earn a Saylor.org certificate of completion with a score of 70 or higher on the Final Exam after completing the entire course. You may choose to take either ECON102 or ECON102-EXC in order to fulfill your Saylor area of study requirements in Macroeconomics.

    • ECON102-EXC: Principles of Macroeconomics     

      ECON102-EXC is aligned with a challenge exam proctored by Excelsior College, a private, nonprofit institution with a credit-by-exam program that enables students to earn college level credit in select subject areas by passing proficiency examinations.  Should you choose to take ECON102-EXC, you will complete your coursework at Saylor.org, but will then have the opportunity to pay a fee in order to take the proficiency exam through Excelsior College and potentially receive transferable college credit.  (Please be sure to determine whether your home institution will accept this transfer credit prior to taking the exam!) However, you may choose to take either ECON102 or ECON102-EXC in order to fulfill your Saylor area of study requirement in Economics.

  • ECON103/MA101: Single-Variable Calculus I     
  • ECON104/MA121: Introduction to Statistics     
  • ECON200: Math for Economists     
  • ECON201: Intermediate Microeconomics     
  • ECON202: Intermediate Macroeconomics     

Elective Courses