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Advanced Electives

After completing your introductory and core courses, your remaining economics courses will consist of a series of advanced Economics electives.  We offer a broad range of electives, and in general ILR Economics minors have the freedom to design a set of courses that best matches their interests.  However, we encourage minors to seek advice from Economics faculty on how to put together a coherent set of electives.

Here is some additional information about advanced Economics electives:

Number of Advanced Electives

The number of advanced electives that you are required to take depends on how you satisfy the introductory and core requirements.  The general rule is that, to complete the ILR Economics Minor, you must take enough advanced Economics electives so that you have taken a total of 9 Econ courses.

The majority of students will satisfy the introductory and core requirements by taking Econ 1110, Econ 1120, Econ 3030, Econ 3040, and one of the two-course sequences on statistics and econometrics.  Such students will need to take 3 advanced Economics electives.

Some students will follow the same path except that they use Econ 3125 (formerly Econ 3210) to satisfy the statistics and econometrics requirement.  Such students will need to take 4 advanced Economics electives.

Finally, some students might take an accelerated route through the introductory and core micro and macro courses, and thus need to take even more advanced Economics electives.  As an extreme example, if a student takes Econ 3010, Econ 3020, and Econ 3125 (formerly Econ 3210), then that student will need to take 6 advanced Economics electives.



ILR Economics Policy Elective

All ILR students must take a course that satisfies the ILR Economics Policy Elective.  Many—but not all—of the courses which satisfy this elective have an ECON number.  If the course you take to satisfy the ILR Economics Policy Elective has an ECON number that is 3150 or larger, then that course can also be counted as 1 of your 9 minor courses (you need not enroll in the ECON number).



Categories of Advanced Economics Electives

The advanced Economics electives are categorized as electives that require core courses vs. electives that do not require core courses --- in other words, they are categorized by whether they require at least one of the core methodology courses in Microeconomics, Macroeconomics, and Econometrics.  The course numbers reflect these categories --- courses numbered 3150-3999 do not require any core courses, and courses numbered 4000-4989 require at least one core course.

Courses numbered 4900-4989 are a new set of small seminar courses. These courses require at least one of the core methodology courses in Microeconomics, Macroeconomics, and Econometrics.  These courses are capped at 25 students and involve a substantial writing component.  

Other Information

Courses taught by other departments can be counted toward the Economics minor only if they are cross-listed with Economics (meaning they have an Econ course number).   In particular, please note that business courses—accounting, marketing, and so forth—cannot be counted toward the Economics minor.

ILR Economics minors can take graduate-level Economics courses, but only with the permission of the instructor and the Economics DUS. Graduate courses generally require a very strong math background—at least through multivariable calculus and in some cases analysis—and a lot more work than a 3000-level or 4000-level Economics course.

Please note that Independent Study courses (Econ 4999) can never be counted toward the ILR Economics minor.


Related Links

Main Office
Department of Economics
404 Uris Hall
Cornell University
Ithaca, N.Y. 14853
Phone: (607) 255-4254
Fax: (607) 255-2818