Requirements for Economics Majors

see also Program Advice for Economics Majors

June 2008


The Undergraduate Bulletin sets out the requirements for earning a bachelor's degree from Albany. As a student, you are responsible for knowing the various rules and regulations in the Bulletin, and you should consult it as necessary. You will find that your DARS Degree Audit is a very helpful tool for assessing your progress toward meeting the requirements.

The following information extracts and rephrases many of the requirements in the 2008-2009 Bulletin as they pertain to Economics majors. These requirements apply to students who matriculate during this academic year. The requirements for students who matriculated before Fall 2008 may differ slightly, but most of the differences are noted below.

Department Requirements

Admission to the Major

For students matriculating Fall 2004 or later, completion of both Eco 110 and 111 with grades of C or better is required for admission to the major.

Requirements for the Economics Major – B.A. degree

  • A minimum of 36 credits for the major, including:
    • Eco 110 Principles of Economics I: Microeconomics
    • Eco 111 Principles of Economics II: Macroeconomics
    • Mat 101 (Algebra and Calculus I), or 106 (Survey of Calculus), or 111 (Algebra and Calculus II), or 112 (Calculus I), or 118 (Honors Calculus I), or Eco 210 (Tools of Economics)
    • Eco 300 Intermediate Microeconomics*
    • Eco 301 Intermediate Macroeconomics*
    • Eco 320 Economic Statistics*
    • * For students matriculating Fall 2004 or later, the core courses Eco 300, 301, and 320 must be taken at the University unless completed elsewhere prior to matriculation.
    • Six additional courses (18 credits) in economics at the 300 level or above.
  • A minor (or second major) in any field.
  • At least 90 credits in liberal arts and sciences courses; at least 120 credits overall.
  • General Education, residency, and all other University-wide requirements.

Requirements for the Economics Major – B.S. degree, for students matriculating Fall 2005 or later

  • A minimum of 40 credits for the major, including:
    • Eco 110 Principles of Economics I: Microeconomics
    • Eco 111 Principles of Economics II: Macroeconomics
    • Mat 111 (Algebra and Calculus II), or 112 (Calculus I), or 118 (Honors Calculus I)
    • Mat 113 (Calculus II) or 119 (Honors Calculus II), or Eco 410 (Mathematics for Economists)
    • Eco 300 Intermediate Microeconomics*
    • Eco 301 Intermediate Macroeconomics*
    • Eco 320 Economic Statistics*
    • Eco 420 or 420Z Applied Econometrics *
    • * The core courses Eco 300, 301, 320 and 420 or 420Z must be taken at the University unless completed elsewhere prior to matriculation.
    • Five additional courses (15 credits) in economics at the 300 level or above, including at least 6 additional credits from among Eco 400–489 or 499Z. (At least 6 credits among the additional credits specified at the 400 level must be taken at the University unless completed elsewhere prior to matriculation.)
  • A minor (or second major) in any field.
  • At least 60 credits in liberal arts and sciences courses; at least 120 credits overall.
  • General Education, residency, and all other University-wide requirements.

Requirements for the Economics Major – B.S. degree, for students matriculating before Fall 2005

  • A minimum of 41 credits for the major, including:
    • Eco 110 and 111
    • Mat 111, or 112, or 118 and Mat 113 or 119
    • Eco 300, 301, and 320 (For students matriculating Fall 2004 or later, these core courses must be taken at the University unless completed elsewhere prior to matriculation.)
    • Six additional courses (18 credits) in economics at the 300 level or above.
  • A minor (or second major) in business, mathematics, or one of the natural sciences.
  • At least 60 credits in liberal arts and sciences courses; at least 120 credits overall.
  • General Education, residency, and all other University-wide requirements.

Distinction between B.A. and B.S. Degrees in Economics

The B.A. in Economics is designed for students who seek a general understanding of economics, and it is the program taken by most students who plan to begin jobs and careers immediately after graduation. The B.S. degree is designed for students who seek a more challenging and rigorous academic program, and it is well suited for those who plan to go on to graduate school or professional study.

As compared with the B.A., the new B.S. program requires more study of mathematics, econometrics, and advanced economics. (For students matriculating before Fall 2005, the B.S. program differed from the B.A. mostly in the extent of mathematics that was required.)

Students who are studying Economics as their second major will receive a B.A. or B.S. according to the program and requirements they meet in their first major. Thus, for example, students whose first major is the B.A. program in Mathematics will receive a B.A. degree from the University regardless of whether they choose the B.A. or B.S. program in Economics.

Honors in Economics

The Honors Program in Economics is designed to provide a greater understanding of economics and to better prepare students for graduate and professional schools. The program requires completion of requirements for the B.S. program, completion of a satisfactory senior thesis while enrolled in Eco 499Z (the Senior Honors Research Seminar), and achievement of a GPA in economics of 3.40 or greater and a GPA in all courses of 3.25 or greater. Students may apply to the program after completing any two of Eco 300, 301, and 320. Interested students should see the Director of Undergraduate Studies in the department, even before completing these courses.

University Requirements and Regulations

Graduation Credits

A minimum of 120 credits is required for graduation. Some students may need more than 120 credits because of General Education requirements, major and minor requirements, residency requirements, and the Liberal Arts and Sciences requirement.

Liberal Arts and Sciences Courses

The B.A. degree requires a minimum of 90 credits in liberal arts and sciences courses, and the B.S. degree requires a minimum of 60 such credits.

In the College of Arts and Sciences, all courses are considered liberal arts except: Eaj 423, Eco 495, Heb 450, Mat 204, Mus 315, and Thr 315.

In the School of Business, only the following are considered liberal arts courses: Bus 250, Law 200, Law 220, Mgt 341, Mgt 481, Mkt 351, Itm 215, and Itm 220.

In the College of Computing and Information, all Csi courses except Csi 198 are considered liberal arts courses; also, Inf 201 and Ist 100, 301, 361, 457, 466Z, 473Z, and 499W are considered liberal arts courses.

In the Rockefeller College of Public Affairs & Policy, all courses are considered liberal arts except: Pad 110, 111, 210, and 211.

In the School of Criminal Justice, all courses are considered liberal arts.

All Fsp, Uni, and Unl courses are considered liberal arts courses. For other courses, see the Undergraduate Bulletin.

Minor (Second Field) Requirement

Economics majors must complete a minor or a second major. More than two majors and multiple minors are permitted. For students matriculating before Fall 2005, the B.S. in Economics requires a second field (major or minor) in the School of Business, in mathematics (or statistics), or in one of the natural sciences (this does not include Psychology).

General Education Requirements

Students must satisfy the requirements of the General Education program as follows:

  • Students admitted to the University on a "Freshman" basis for Fall 2000 or thereafter must fulfill all requirements of The (New) General Education Program.

  • Students admitted to the University on a "Transfer" basis for Fall 2002 or thereafter and who were not matriculated at any college before Fall 2000 must fulfill requirements of The (New) General Education Program. These students may be granted a waiver or reduction of some requirements, as indicated on their audit.

  • All other students need fulfill only the upper division Writing requirement. (Note: These students' DARS audits may incorrectly show that other requirements need to be fulfilled.)
The details of the General Education program are specified in the Undergraduate Bulletin. The list of courses that currently make up the Program is available on the General Education website.

A course used to satisfy the General Education or writing intensive requirements can also be used to satisfy requirements of the major or minor. For example, Eco 110 and 111 satisfy the Social Science Gen Ed requirement, and Eco 341Z satisfies the upper-level writing intensive requirement. These courses also count toward fulfilling requirements of the Economics major.

A writing intensive course must be completed with a grade of C or higher (or S) to fulfill the writing requirement. (For students matriculating before Fall 1997, the grade requirement is C– rather than C.)

Residency Requirements

There are three residence requirements relevant for the Economics major:

  • University Residency – at least 30 of the last 60 graduation credits must be completed in courses at the Albany campus. (For students completing certain study abroad programs, the requirement is 30 of the last 69 credits.)

  • Major Residency – at least 18 credits, including at least 12 at or above the 300 level, must be completed on the Albany campus or through certain SUNY study-abroad programs.

  • Minor Residency – at least 6 credits of advanced courses (courses at or above the 300 level or which require a prerequisite) must be completed on the Albany campus or through certain SUNY study-abroad programs.
Students with a large number of transfer credits need to pay special attention to the major and minor residency requirements.

Overloading

A normal semester load is 15 credits. Students may not register for more than 19 credits in a semester without permission of the Office of the Vice Provost for Undergraduate Education, LC-30. To request permission, a student must present a compelling academic justification that has been approved by the academic advisor, on a request form.

Selected S/U Grading

In courses normally graded A-E, students have the option to select S/U grading in up to two courses, and these must be below the 300 level. Students should note that the grade of S is now defined as equivalent to the grade of C or higher. The grade of U (C– or lower) does not fulfill graduation requirements.

Double-Counting Courses

A student with one major and one minor cannot use the same course to satisfy requirements for both the major and the minor. Thus, even though Eco 320 can satisfy the "statistics requirement" of the business minor, Economics majors with one minor cannot use that course for the minor because it is required for the major. (Economics majors can take Law 220 or Law 200 as substitutes to satisfy the "statistics requirement" of the business minor.)

A student with two minors can double-count courses, as follows: the same course can be used to fulfill requirements in the major and in either minor. For example, an Economics major with a Business minor (plus a second minor) can use Eco 320 to satisfy the "statistics requirement" of the minor – while also using that course for the major. Double-counting between minors is not permitted.

A student with two majors can double-count courses, as follows: the same course can be used to satisfy requirements in both majors. For example, an Economics B.S. major with a second major in Mathematics can use Mat 112 and 113 for both majors.

A course that satisfies the major (or minor) can be used also to satisfy the General Education and writing intensive requirements. For example, Eco 110 and 111 satisfy the Social Science Gen Ed requirement, and Eco 341Z satisfies the upper-level writing intensive requirement.

Cross-Listed Courses

Courses in other departments that are cross-listed with Economics courses can be counted toward the requirements of the Economics major. For example, Lcs 361 and Mat 301 count toward the Economics major because they are cross-listed with Eco 361 and Eco 351, respectively. Note: the rules on double-counting apply, so that Mat 301 (or Eco 351) cannot be counted toward both the economics major and the math minor – unless the student has two minors.

Cross-listed courses are considered equivalent, and the rules about repeating courses apply. For example, a student who takes both Eco 361 and Lcs 361 receives only three credits toward graduation.

Repeating Courses

If a course is repeated, the grades of both enrollments are listed on the student's academic record and are used in computing the overall GPA. If the repeated course is used to fulfill the requirements of the major (or minor), only the higher grade is used in computing the major GPA (or minor GPA). However, if the course is taken out of sequence (see below) the grade does not affect any GPA.

If a course is repeated, credits for the course are counted only once toward graduation credit requirements, except for a course whose Bulletin description states that it may be repeated for credit.

Courses Taken Out of Sequence

A course taken out of sequence, as specified in the Bulletin course description, does not earn any credit and does not affect a GPA. For example, no credit is given for taking Eco 110 after receiving credit for Eco 300 or for taking Eco 111 after receiving credit for Eco 301. Also, no credit is given for Eco 202 if it is taken by students with credit for Eco 110 or 111. Similarly, no credit is given for Mat 106 if it is taken by students with credit for Mat 111, 112, or 118.

Grade Requirements

There are three grade requirements:

  • Overall: A cumulative grade point average of at least 2.00 for all course grades earned at the University is required for graduation.

  • Within the major: For students matriculating Fall 1997 and thereafter, a grade point average of at least 2.0 in all Albany course work used to fulfill requirements of the major is required.

    When determining the GPA within the major, only the most favorable listing of courses that fulfill the major requirements is considered. For example, if a student in the B.A. program takes 7 upper-level elective Economics courses (21 credits) at Albany, the one with the lowest grade is not counted in determining whether the student has met the GPA requirement within the major, because only 18 credits are required in this category. Similarly, if a course is repeated for the major, only the higher grade is considered when applying the rules.

    Except for Eco 110 and 111, there is no special grade requirement for any particular course in the Economics major: a grade of D– is the minimum acceptable grade in any Albany course used to fulfill requirements of the major. Note: for students matriculating Fall 2004 or later, grades of C or better in both Eco 110 and 111 are required for admission to the major.

  • Within the minor: For students matriculating Fall 1997 and thereafter, a grade point average of at least 2.0 in all Albany course work used to fulfill requirements of the minor is required. As for the major, only the most favorable listing of courses that fulfill the minor requirements is considered.

Transfer Credit After Matriculation

Matriculated students can take courses at other institutions and transfer the earned credit to Albany. For students matriculating Fall 2004 or later, transfer credit for certain upper-level courses taken after matriculation will not be accepted in fulfillment of Economics major requirements.

The University maintains an online Transfer Course Equivalency Database that shows the Albany equivalent of courses at many colleges and universities. Students seeking credit for a course not listed in the database need to fill out a Transfer Credit Form, available from the Registrar, so that the course will be reviewed.

No additional graduation credit will be given for a transfer course that repeats a course for which a student already has credit. Also, a maximum of 90 credits may be transferred toward a bachelor's degree.

Grade Requirements for Transfer Credits

For students who matriculate Fall 2001 and thereafter, no credit earned with a grade of D at another institution will be accepted for transfer, but the unaccepted credit may be used to fulfill some General Education requirements. For students who matriculated before Fall 2001, a complex set of rules govern whether credit earned with a grade of D will be accepted.

Completing a Degree Away from Albany

Students who are able to complete the requirements for a degree by taking coursework at other schools during the summer immediately following a spring semester at Albany can treat those courses as normal transfer credit (see above).

Students who leave Albany without completing all the requirements for a degree, and who do not finish in the summer as just described, fall into a special situation. To have coursework at other institutions be counted toward Albany requirements, these students must apply to the Office of the Vice Provost for Undergraduate Education (LC-30) for permission to finish their degree "in abstentia." Permission and acceptance of transfer credit is handled through that office. An overall GPA of at least 2.00 is necessary, and other conditions may also be required.

Accepted transfer credit does not affect your overall GPA, but it could affect your major or minor GPA.

 

Back to undergraduate home