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Economics

Program of Study

Students concentrating in economics must also take three mathematics courses beyond the Common Core requirement. These consist of the third quarter of calculus (Mathematics 133, 153, or 163) and either Mathematics 195-196 or Mathematics 203-204.

In addition to the ten courses described above, students concentrating in economics are required to take three elective courses, two of which must be in economics. The third elective also may be in economics, or it may be chosen from Mathematics 203, 204, 205, 207, 208, 209, and 273 (or other courses in mathematics as may be approved by the directors of the undergraduate economics program); Computer Science 105 and 115; or an additional course in statistics (other than Statistics 200). Only one reading course (Economics 298) may be used as an elective (unless the student is in the honors program).

NOTE: Students wishing to substitute other courses for those listed in the previous paragraphs must obtain written permission from one of the directors of the undergraduate economics program.

As college calculus is a prerequisite for the core curriculum (Economics 200-201-202-203), it is strongly recommended that students complete the calculus sequence during their first year in the College. It is further recommended that students complete their remaining mathematics requirements during their second year, and the econometrics requirement in the third year. Only students in the B.A./M.A. program may register for 300-level economics courses that are indicated in the Time Schedules as being closed to undergraduates.

Summary of Requirements

General 	College calculus sequence (Math 131-132,
Education		151-152, or 161-162)

Concentration		 1	Math 133, 153, or 163
				4	Econ 200-201-202-203
				1	economic history (Econ 221, 222, 						223, or 225)
				2	Stat 220 and Econ 210
				2	Math 195-196 or 203-204
				3	electives: These must include two 
					additional courses in economics. The 
					third course may be chosen from 
					Math 203, 204, 205, 207, 208,
					209, and 273; ComSci 105 and
					115; or any course in statistics or
					econometrics other than Stat 200.
				13 (total)

Honors. Students with grade point averages of at least 3.0 overall and 3.25 in economics are eligible for the honors program. Students who wish to qualify for honors are urged to participate in the Undergraduate Honors Workshop (Economics 297) for a full academic year; Economics 297 may replace up to two elective courses. While participating in that workshop, students will write an honors thesis under faculty guidance; to graduate with honors, students must receive a grade of at least A- on the honors thesis. Students interested in the honors program should contact one of the directors of the undergraduate economics program no later than the second quarter of their third year in the College; they should also have completed their econometrics courses before participation in the Undergraduate Honors Workshop.

Joint B.A./M.A. Program Requirements

Eligibility and Admission. Interested students should consult with one of the directors of the undergraduate economics program during their second year in the College and subsequently meet with one of the directors to determine if the joint B.A./M.A. program is appropriate for them. As careful planning of their programs is essential, students should apply for admission to the program early in their third year in the College. Applicants are required to complete the standard application for admission to graduate study in the Division of the Social Sciences; submission of a transcript and letters of recommendation is also required. Graduate Record Examination scores are not required. If admitted, students have joint residency in the College and the Division of Social Sciences during the last three quarters of the program.

Requirements and Suggested Course Programs. All specific requirements for the B.A. program in economics must be met; in addition, all students in the joint B.A./M.A. program must register as graduate-degree candidates for no less than nine graduate economics courses, no more than three of which may be taken in any given quarter. Normally, these courses are taken after the student has been admitted to the joint B.A./M.A. program. The requirements for the M.A. degree in economics are summarized below:

1. Registration in nine graduate-level courses in economics, which must include Economics 300, 310, and 330. At least five of the nine graduate course grades must be B or better.

2. Two courses in a field described in "Fields of Economics for the M.A. and Ph.D. Degrees" to be found in the brochure Department of Economics, The University of Chicago.

3. Passing one preliminary examination at the M.A. level (or higher). Normally, this examination will be in the field referred to in item (2), but it also can be an M.A. Pass on the Ph.D. core examination. Go to top of document
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Faculty

GARY S. BECKER, University Professor, Departments of Economics and Sociology; Research Associate, Economics Research Center at the National Opinion Research Center

XIAOHONG CHEN, Assistant Professor, Department of Economics and the College

IN-KOO CHO, Associate Professor, Department of Economics and the College

MICHAEL CHWE, Assistant Professor, Department of Economics and the College

JOHN COCHRANE, Associate Professor, Department of Economics and the College

ROBERT W. FOGEL, Charles R. Walgreen Professor, Department of Economics and Graduate School of Business; Director, Center for Population Economics

DAVID GALENSON, Professor, Department of Economics and the College

LARS PETER HANSEN, Homer J. Livingston Professor, Department of Economics and the College

JAMES J. HECKMAN, Henry Schultz Professor, Department of Economics, Irving B. Harris Graduate School of Public Policy Studies, and the College; Research Associate, Economics Research Center at the National Opinion Research Center

D. GALE JOHNSON, Eliakim Hastings Moore Distinguished Service Professor Emeritus, Department of Economics and the College

ROBERT E. LUCAS, JR., John Dewey Distinguished Service Professor, Department of Economics and the College

HOWARD MARGOLIS, Professor, Irving B. Harris Graduate School of Public Policy Studies and the College

YAIR MUNDLAK, Frederick Henry Prince Professor, Department of Economics

DEREK NEAL, Assistant Professor, Department of Economics and the College

TOMAS PHILIPSON, Assistant Professor, Department of Economics and the College

SHERWIN ROSEN, Edwin A. and Betty L. Bergman Professor, Department of Economics and the College; Research Associate, Economics Research Center at the National Opinion Research Center

ALLEN SANDERSON, Senior Lecturer in the College

THOMAS SARGENT, David Rockefeller Professor, Department of Economics and the College

JOSE SCHEINKMAN, Alvin H. Baum Professor, Department of Economics and the College

LARRY A. SJAASTAD, Professor, Department of Economics and the College

NANCY STOKEY, Professor, Department of Economics and the College

LESTER G. TELSER, Professor, Department of Economics and the College

GEORGE S. TOLLEY, Professor, Department of Economics

ROBERT M. TOWNSEND, Charles E. Merriam Professor, Department of Economics and the College

GRACE TSIANG, Senior Lecturer in the College

ROBERT WILLIS, Professor, Department of Education and the College; Irving B. Harris Graduate School of Public Policy Studies; Director, Economics Research Center at the National Opinion Research Center

MICHAEL WOODFORD, Professor, Department of Economics and the College

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