Curricular Advice

Potential economics majors are encouraged to

  • take ECON 100 in the fall term of the sophomore year or in the winter term of the first year.
  • take INTR 201 during the winter term of their first year. INTR 202 should be completed by the end of the sophomore year.
  • take one of the required 200-level courses -- ECON 203, 210, and 211 -- during the sophomore year. Most students begin with either ECON 203 or ECON 210.
  • discuss any plans to study-abroad with a first-year advisor or a faculty member in the Economics Department.
  • declare the economics major in the winter term (January) of the sophomore year.

Prospective majors should fully immerse themselves in the liberal arts upon enrollment and continue to take courses outside economics during their time at W&L.

Choosing Electives

If you are interested in public policy, you may be interested in taking:

  • Urban Economics (ECON 229)
  • Labor Economics (ECON 230 and ECON 330)
  • The Economics of Social Issues (ECON 235)
  • Economics of Education (ECON 236)
  • Health Economics (ECON 237)
  • Poverty and Inequality in the U.S. (ECON 238)
  • Public Finance (ECON 250)
  • Women in the Economy (ECON 251)
  • Environmental Economics (ECON 255)

Most of the courses above qualify toward additional interdisciplinary programs as well.

If you are interested in international development, you may be interested in taking:

  • Caste at the Intersection of Economy, Religion, and Law (ECON 246)
  • International Trade (ECON 270)
  • International Finance (ECON 271)
  • Health Economics in Developing Countries (ECON 276)
  • Development Economics (ECON 280)
  • Institutions and Economic Performance (ECON 281)

If you are interested in environmental studies, you may be interested in taking:

  • Environmental and Natural Resource Economics (ECON 255)
  • The Environment and Economic Development in Amazonas (ECON 259)
  • The Economics of Coastal Seascapes in Belize (ECON 288)
  • Land in O'odham Culture, Economics, and History
  • Land in Lakota Culture, Economics, and History

All of the above courses go toward the Environmental Studies minor.

If you are interested in banking, finance, and financial markets, you may be interested in taking:

  • Money and Banking (ECON 215)
  • International Finance (ECON 271)
  • Macroeconomic Forecasting (ECON 395 special topics course for fall 2018)
  • Introduction to Accounting (ACCT 100)
  • Financial Statement Analysis (ACCT 311)

Graduate School Advice

If you are considering graduate study in economics, additional math and computer science courses are strongly recommended. Multivariable calculus and linear algebra are essential, although a minor or major in math is useful, too. Game Theory (ECON 302) and Mathematical Economics (ECON 320) are also recommended. Consider working as a Summer Research Scholar after your sophomore or junior year, and applying for research internships off campus after your junior year. You should also take multiple economics courses numbered 330 and above, including ECON 399 in your senior year.

If you are considering graduate study in law, additional coursework might include some of the following economics electives: American Economic History (ECON 224), Labor Economics (ECON 230), the Economics of Business Strategy (ECON 243), and Comparative Institutional Economics (ECON 281). It is also useful to take additional English and politics coursework.

If you are considering graduate study for an M.B.A. after working for several years, additional coursework might include some of the following economics electives: Money and Banking (ECON 215), Economics of Business Strategy (ECON 243), The Auto Industry (ECON 244), International Trade (ECON 270), International Finance (ECON 271), and Game Theory (ECON 302). It is also useful to take additional business administration and accounting coursework.

Economics majors have many options for graduate school fellowships (scholarships). There are also scholarships for undergraduate students in the first year, sophomore year, and junior year. Please visit the university's fellowship website for more information.

Potential Schedules

Below are a few examples of ways to schedule an Economics major. There are many options.

BEFORE Declaring an Economics Major  

Option 1: Econ 100 in sophomore year

Year Fall term Winter term Spring term
First year   General education FDRs
Math 101
Politics
General education FDRs
INTR 201 (IT online)  
General education
Sophomore Econ 100
INTR 202 (Statistics)
General education FDRs
Politics/ Math/ CSCI
INTR 202 or Econ 203 Econ 210 or 211 General education FDRs General education

  Option 2: Econ 100 in first year

Year Fall term Winter term Spring term
First year   General education FDRs
Math 101
Politics
General education FDRs
INTR 201 (IT online)
Econ 100
General education
Sophomore Econ 210 or 211 INTR 202 (Statistics) General education FDRs
Politics/ Math/ CSCI
INTR 202 or Econ 203
Econ 210 or 211 Econ elective
General education FDRs
General education

   

AFTER Declaring an Economics Major

Typical schedule based on EITHER option above

Year Fall term Winter term Spring term
Junior Econ 210 or 211
Econ 203 or Econ elective 1
2 open choices
Econ 210 or 211
if needed Econ elective 2
2 open choices
Econ elective 3 OR open choice
Senior Econ elective 3 and 4, or 4 and 5
2 open choices
Econ elective 5 and 6
2 open choices
Open choice

  Study-abroad schedule*

Year Fall term Winter term Spring term
Junior Study abroad
(If winter term study-abroad, switch with winter schedule)
Econ 210 or 211
if needed Econ elective 1 and 2
1 open choice
Econ elective 3 OR open choice
Senior Econ elective 3 and 4, or 4 and 5
2 open choices
Econ elective 5 and 6
2 open choices
Open choice

 *To study abroad for a full year, take at least one of Econ 203 or 210 by end of sophomore year.