Economics Major Requirements

Major Sequence

A minimum of 10 courses to include:

  1. economics *100, 227, 301, 302, and 401.
  2. five additional economics courses, at least four at the 300 level or above. Majors are also required to take one of the following calculus courses: mathematics 161 or 165, or show equivalent proficiency

The department also offers students the opportunity to complete one of three concentrations in the economics major: international economics, financial economics, or public economics. Each concentration requires the completion of five core courses—economics *100, 227, 301, 302 and 401—and five electives in the discipline, as follows:

International Economics Concentration

  1. economics 351, 352, and 355
  2. two additional economics courses, at least one at the 300 level or above

Financial Economics Concentration

  1. three courses from economics 311, 321, 338, or 352
  2. two additional economics courses, at least one at the 300 level or above

Public Economics Concentration

  1. economics 314, 324, and 340
  2. two additional economics courses, at least one at the 300 level or above

Minor Sequence

A minimum of six courses to include:

  1. economics *100, 301, 302
  2. three additional economics courses, at least two at the 300 level or above. Economics 227 does not count towards the minor.

The department also offers students the opportunity to complete one of three concentrations in the economics minor: international economics, financial economics, or public economics. Each minor requires the completion of three core courses—economics *100, 301, and 302—and three electives in the discipline, as follows:

International Economics Minor
economics 351, 352, and 355

Financial Economics Minor
three courses from economics 311, 321, 338, or 352

Public Economics Minor
economics 314, 324, and 340

All courses in the major and minor sequences should be taken at Illinois Wesleyan University. Any exceptions are subject to the approval of the Department of Economics. 

Credit by Examination

* Credit towards ECON 100, Introduction to Economics, or ECON 151, Introduction to International Economics, is granted for either:

  1. Advanced Placement (AP) examinations with scores of 4 or 5 in both the Economics-Microeconomics and Economics-Macroeconomics tests
    or
  2. International Baccalaureate (IB) examinations with scores of 6 or 7 in the Economics Higher Level (HL) test

Students in the major can show the required calculus proficiency through either:

  1. Advanced Placement (AP) examinations with scores of 4 or 5 in either the Calculus AB test or Calculus BC test
    or
  2. International Baccalaureate (IB) examinations with scores of 6 or 7 in the Mathematics Higher Level (HL) test