Economics Minor

Prerequisites

Achieve an economics GPA of at least 2.3 for all economics courses completed.

The economics major GPA is a weighted measure of all Economics courses taken at the University with the following exceptions:

a.Grades received in courses taken outside the University’s Economics Department, such as transfer courses or direct credit courses offered through study abroad programs, are not included in the economics GPA.
b.If a student is granted economics elective credit for a course taken in another school or department at the University of Virginia, the grade received in that course is not included in the student’s economics GPA.
c.HIUS 2061 is cross-listed as ECON 2060 and is, in fact, the same course as ECON 2060. A grade in HIUS 2061, therefore, would be included in the economics GPA.
d.If a student fails a course and then retakes it, both grades – the failing grade and the grade received on the retake – enter into the computation of the economics GPA. If a student has taken and passed a course, grades received on any subsequent retake(s) are not included in the student’s economics GPA.
e.Students declaring the Economics minor before Fall 2010 who complete more than the minimum number of economics elective courses for the degree may compute their economics GPA using the elective courses with the highest grades that simultaneously satisfy all degree requirements. The extra courses such students complete will not be included in the economics GPA.
f.If a student takes an economics course that the University considers equivalent to a transfer course or a course in another department for which the student has already received credit, that course does not count in the student’s UVa GPA. It also does not count in the student’s economics GPA, although the grade maybe used to meet other Economics Department declaration prerequisites.

Microeconomics

Complete ECON 2010 for a passing grade and ECON 3010 (or ECON 3110)with a minimum grade of C+.

• Students who fail to obtain a C+ on their first attempt at completing Econ 3010 (or Econ 3110) are permitted to retake Econ 3010 (or Econ 3110) once. Those who fail to get a grade of at least C+ in two attempts are not eligible to declare an economics minor.
• Students who have transfer credit for ECON 3010 at the time that they matriculate at the University are exempt from this prerequisite.
• ECON 2010 and ECON 2020 are the only courses for the minor that may be taken outside the University after matriculation.
• Students who declare the minor before the beginning of the Spring 2012 semester may do so under the old rule, which requires a minimum grade of C+ in one of the following courses – Econ 2010 or Econ 3010 (or Econ 3110). The following provisions pertain to those declaring under the old rule.

i.Students who have transfer credit for ECON 3010 at the time that they matriculate at the University are exempt from this prerequisite.
ii.Students who matriculate at the University of Virginia with AP or transfer credit for ECON 2010 and complete ECON 3010 (or ECON 3110) may not subsequently meet this prerequisite by taking ECON 2010. Students in this situation who fail to satisfy this prerequisite on their first attempt are permitted to retake ECON 3010 (or ECON 3110) once. Those who fail to get a grade of at least C+ in two attempts are not eligible to declare an economics minor.
iii.Students who declared their economics minor before February 1, 2010 are exempt from the  minimum grade prerequisite.
iv.Students who take ECON 2010 at the University of Virginia and fail to satisfy this prerequisite may not retake ECON 2010 to meet it.
v.Students who take both ECON 2010 and ECON 3010 (or ECON 3110) at the University of Virginia and still fail to satisfy this prerequisite may not retake courses to meet it; they are not eligible to declare an economics major.

Macroeconomics

Complete ECON 2020.

 

Calculus

Complete one of the following courses—APMA 1090, MATH 1210, Math 1212, or MATH 1310—with a minimum grade of C+.

A.Students who twice fail to obtain a grade of at least C+ in these courses, whether in the same or different courses, are ineligible to declare the economics minor.
B.Students who matriculate at the University with AP or transfer credit for one of these courses are exempt from this prerequisite.
C.Students who complete one of the following courses—APMA 1090, MATH 1210, or MATH 1310—before Fall 2009 need only to have achieved a passing grade.

Statistics

Complete one of the following courses—ECON 3710, STAT 2120, MATH 3120, STAT 3120, APMA 3110, or APMA 3120—with a minimum grade of C+.

A.Students who twice fail to obtain a grade of at least C+ in the statistics courses listed above, whether in the same or different courses, are ineligible to declare the economics minor.
B.Students who matriculate at the University with transfer credit for one of the preceding courses or a grade of 5 on the AP test in Statistics are exempt from this prerequisite.
C.Students who complete one of the following courses—ECON 3710, STAT 2120, MATH 3120, STAT 3120, APMA 3110, or APMA 3120—before Fall 2009 need only to have achieved a passing grade.

Course Requirements

Required Courses

The student must complete all the prerequisite courses for declaring a minor: ECON 2010, 2020, 3010 (or 3110), Calculus, and Statistics.

Elective Courses

The student must complete an additional 3 Economics elective courses, each of which must be at least a 3 hour course.

1.Of the economics elective courses used to satisfy this requirement, no more than one can be numbered below  2999.
2.All 3 Economics elective must be taken  at the University and taken for a grade with the following exception: One elective course of three or more creditsearned through pre-matriculation transfer credit can be counted.
3.No course taken outside the University after matriculation can be counted towards the 3 required economic elective courses.

GPA

Students must have a cumulative economics GPA of at least 2.0 to graduate with the minor. See the prerequisites section under “The Major in Economics” for details on computing the economics GPA.

Declaring the Minor

College rules require that the minor be declared by February 1st of your 8th semester.

1.Review your transcript to make sure you have completed all the prerequisites.

2.Sign up for an appointment with the Undergraduate Secretary, Kathryn Snow. Her office is Monroe Hall, room 253. There is an appointment sign-up form on the bulletin board next to her office door.

3. You will meet with Ms. Snow to fill out the required paperwork. When this has been finished, you will take the completed paperwork to the College of Arts and Sciences in Monroe 101 (or to your school of enrollment, if it is not Arts and Sciences) where it will be entered into your student record.