The Department of Economics is committed
to providing courses which will enable students to gain a greater comprehension
of the principles and problems of modern economic life so that they may
participate as intelligent and informed citizens and to offer a major
which will enhance their preparation for future careers. After graduation
many Economics majors pursue graduate degrees in fields such as economics,
business, law, health administration and public policy. Other Econ graduates
proceed to employment opportunities in the private, governmental and non-profit
sectors of the economy. In preparation for either employment or graduate
studies, Economics majors often select second majors or minors in other
departments and curricula in the University.
All entering UNC students spend the first
two years in the General College. During these four semesters they are
required to take a variety of courses in English, foreign language, mathematics,
natural sciences, social sciences, aesthetics, history and philosophy.
Because the study of economics involves a substantial amount of quantitative
analysis, Economics majors are required to complete a course in calculus
(MATH 231 or STOR 113 can be used to satisfy this requirement;
MATH 116 is
The Department strongly encourages students to take STOR 113 , unless they
plan to take additional math courses beyond Math 231. Students considering
doing graduate work in economics should take additional math courses and/or
major or minor in mathematics.
The Economics Department offers the following
courses within the General College curriculum:
- ECONOMICS 50: First Year
Seminar in Economics. This course does not
substitute for Econ 101 in the requirements for an Econ major.
- ECONOMICS 101: Introduction to Economics. This course counts toward
the social sciences perspective and is a prerequisite for everything
except ECON 050, 100, 101H, 231, and 234.
- ECONOMICS 231: Economic History of Western
Europe. This course counts toward the Western historical perspective.
- ECONOMICS 234: Introduction to the History
of Economic Thought. This course counts toward the philosophical perspective.
- ECONOMICS 267: Comparative Economic
Systems. This course counts toward the Non-Western historical perspective.
- ECONOMICS 330: Economic History of the United States.*
- ECONOMICS 385: Women and Economics.
- ECONOMICS 390: Current Economic Problems.
Students Who Major in Economics:
Students who major in Economics are required
to take Economics 101 and at least seven (7) additional Economics
courses. Note that 200 and 300 level courses do not count toward
the major. A grade of C or better must be achieved in Econ 101 and at
least six (6) of the seven (7) courses in a student's major program.
The minimum of seven courses in the Economics
major must include three required courses:
- ECONOMICS 400: Elementary Statistics
- ECONOMICS 410: Intermediate Theory: Price and Distribution
- ECONOMICS 420: Intermediate Theory: Money, Income and
These three will usually be completed
by the middle or end of the junior year. Students who have passed STOR
155 and BUSI 410 are considered to have met the ECON 400
requirement, although seven Economics courses in addition to ECON 101 must
still be taken in this case.
The remaining four (or more) courses will
be selected from the following list, with at least one of these being
an advanced course:
[pre: 420] Financial Markets and Economic Fluctuations
- ECONOMICS 430: [pre: 410 & 420]
Economic Development of the United States*
- ECONOMICS 434: History of Economic Doctrines
- ECONOMICS 440: [pre: 410] Analysis of Public Finance
- ECONOMICS 445: [pre: 410] Industrial Organization
- ECONOMICS 450: [pre: 410] Health Economics:
Problems and Policy
- ECONOMICS 454: [pre: 310 or 410] Economics of
- ECONOMICS 455: [pre: 410] Environmental Economics
- ECONOMICS 460: [pre: 410] International
- ECONOMICS 461: [pre: 410] European Economic
- ECONOMICS 465: [pre: 410] Economic
- ECONOMICS 468: [pre: 310 or 410] Principles of
Soviet and Post-Soviet Economic Systems
- ECONOMICS 469: [pre: 310 or 410] Western and Asian
- ECONOMICS 480: [pre: 410] Labor Economics
- ECONOMICS 485: [pre: 410] Economics of Sports
- ECONOMICS 491: Seminar in Economics
[pre: 410] Topics in Microeconomic Theory
[pre: 410 & MATH 233 or permission] Game Theory in
[pre: 420] Topics in Macroeconomic Theory
[pre: 440] Advanced Topics in Public Finance
[pre: 445] Advanced Topics in Industrial
[pre: 460] Topics in International Economics
[pre: 400] Economic Applications of Statistical Analysis
Topics in Labor Economics
[pre: 410 or permission] Economics of the Family
Since the College of Arts and Sciences requires that students in
Bachelor of Arts programs pass at least four courses from a set of
junior-senior perspectives, Economics majors may have as many as nine (9)
free elective courses during the upper-class semesters.
Joint Degree Program with National University of Singapore
UNC–Chapel Hill undergraduates can spend
anywhere from two to four semesters at the National
University of Singapore (NUS) and receive a joint bachelor
of arts degree with a major in economics from both
institutions. Qualified UNC–Chapel Hill students will have
at least a 3.3 GPA and can apply for the joint degree
beginning in the second semester of their first year year
until the second semester of their junior year. UNC joint
degree students can decide on their own how many semesters
(between two and four) and at which point in their
undergraduate career they would like to study at NUS, as
long as it is after their first year at Carolina.
A minimum of 120 credit hours is required
for graduation. They consist of a total of 60 hours in the
major (including as many as six to 12 hours of honors work
if applicable) and 45 hours of general education
requirements. The remaining 15 hours consist of electives,
the supplemental general education requirement (either
distributive or integrative option), and possibly one minor.
All general education and graduation requirements of both
UNC–Chapel Hill and NUS must be met. A detailed listing of
the requirements for both schools and how to satisfy those
requirements will be available soon at the UNC Study Abroad
The Department of Economics honors program
offers outstanding economics students the opportunity to
work closely with an individual faculty member on a
specialized research topic of the student’s choice during
the senior year. Generally, students with a 3.5 grade point
average in economics courses and in all University course
work are invited to participate in this two-course program
(ECON 691H and 692H).
In the first semester (ECON 691H), students
become familiar with the recent literature on topics of
major interest. Each candidate formulates an honors thesis
proposal and initiates work on the project. In ECON 692H,
the thesis work is conducted under the supervision of a
faculty advisor who is a specialist in the general topic
area of the research.
Near the end of second semester (ECON 692H),
the student submits to an oral examination on the thesis.
Upon successful completion of the program, the student
receives the bachelor of arts degree with honors or with
highest honors. Students in the honors program are also
required to complete at least an eight-course major rather
than the minimum seven courses, including ECON 691H and
The Department offers the following
courses as service to other departments, schools and curricula. Since
they are designed for students with somewhat different interests and objectives,
these courses do not count towards an Economics major and may not receive
graduation credit if paired with similar courses from the above lists:
Econ 50, 231, 234, 310, 320, 325, 328, 340, 345, 360, 363, and 380.
Students should check the University Undergraduate Catalogue for
*Graduation credit can be received for
only one of these courses.
**Students may count either
ECON 460 or ECON 463 towards the major, but
Return to Undergraduate Degree Program