The major in economics consists of 30 hours in economics, including ECN 150, 205, 206, 207, 209 and at least one course from ECN 211, 222, 252, or 274. A minimum grade of C is required in ECN 150. A minimum grade of C- is required in ECN 205, 207 and 209. In addition, students must achieve an overall 2.0 average in economics courses. The student also must make a minimum grade of C- in MTH 111 and MTH 109 or MTH 256 (or similar course, including ANT 380; BIO 380; BEM 201; HES 262; MTH 358; or SOC 271). Students must receive a grade of C or higher in ECN 150 to enroll in ECN 205, ECN 207 and/or ECN 209.
Economics majors are encouraged to take complementary courses in mathematics, the humanities, or other social sciences to sharpen their analytical skills and to acquire a broader understanding of important issues. The faculty adviser will assist each student in determining the particular combination of courses that satisfies his or her needs.
The Department of Economics and the Department of Mathematics jointly offer a major leading to a bachelor of science degree in mathematical economics. This interdisciplinary program, consisting of no more than forty-five hours, affords the student an opportunity to apply mathematical methods to the development of economic theory, models, and quantitative analysis. The major consists of the following course requirements: Economics 150, 205, 207, 210, 211, 215, 218; Mathematics 112,113,121,254,255; and three additional courses chosen with the approval of the program advisers. Recommended courses are Economics 206, 212, 222, 223, 231, 232, 235, 248, 251, 252, and Mathematics 253, 256, 311, 312, 348, 352, 353, 357, and 358. Students electing the joint major must receive permission from both the Department of Economics and the Department of Mathematics. A minimum grade average of C in all courses attempted for the mathematical economics joint major is required for graduation.
The minor in economics consists of eighteen hours, including ECN 150, ECN 205, and ECN 207. The mathematics and minimum grade requirements for the minor are the same as for the major.
The department policy on Advanced Placement credit is that you must have taken both the micro and macro economics tests and made a total score of at least eight. This will earn credit for ECN 150.
Students who score 6 or 7 on the International Baccalaureate in Economics will be given credit for ECN 150.
Transfer students who have taken a two-semester sequence of Micro and Macro Principles at a four-year college will be given credit for ECN 150, plus 3 other general credits in Economics (not applicable towards the Major).
In order to receive credit for courses taken elsewhere while enrolled at Wake, a student must have prior approval from the department’s chairperson. Normally, the student should provide a description of the other college’s courses.