Major Requirements

The department recommends that most students begin their study of economics by completing an introductory economics class, numbered ECON 150-199. Those with an extensive background in economics and mathematics may, however, begin their study of economics by taking ECON 250 Statistics, ECON 260 Intermediate Microeconomic Theory, or ECON 270 Intermediate Macroeconomic Theory. Courses numbered ECON 150-199 do not count toward the major in economics.

Core

Complete the following courses:

Course List

Code	Title
ECON 250	Statistics
ECON 255	Econometrics
ECON 260	Intermediate Microeconomic Theory
ECON 270	Intermediate Macroeconomic Theory

At least three of these courses must be taken at Bates, and at least three of these must be completed prior to senior year. The following statistics courses may be substituted for ECON 250 Statistics:

• BIO 244 Biostatistics
• MATH 215 Statistics

Math

Complete at least one course from the following:

Course List

Code	Title
MATH 105	Calculus I
MATH 106	Calculus II
MATH 205	Linear Algebra
MATH 206	Multivariable Calculus

Fulfilling this requirement is a prerequisite for ECON 255 Econometrics, ECON 260 Intermediate Microeconomic Theory, and ECON 270 Intermediate Macroeconomic Theory.

Electives

1. Complete at least three 300-level courses in Economics.
   1. At least two of these courses must be taken at Bates.
   2. Typically, the [W2] requirement is met through the completion of a 300-level elective that has this designation.
2. Complete a fourth 200- or 300-level Economics course that does not already satisfy another major requirement.
   1. Introductory courses may not be used to satisfy this requirement.
   2. The following courses may also satisfy this requirement:

• PLTC 222 International Political Economy
• SOC 260 Economic Sociology

Seminar or Thesis

Complete at least one of the following:

Seminar

• ECON 456 Senior Thesis Seminar

Thesis

• ECON 457 Senior Thesis 
• ECON 458 Senior Thesis 

Typically, the [W3] requirement is met through the completion of a thesis seminar (ECON 456 Senior Thesis Seminar).

Courses Taken Outside of Bates

Students receiving a score of four or five on either the Macroeconomics or Microeconomics AP exam receive credit for ECON 150 Applied Principles of Economics. Students receiving a score of four or five on the Statistics AP exam receive credit for ECON 250 Statistics. A-Level credit: Students receiving a grade of A or B on the A-Level Economics examinations may receive credit for ECON 150. No credit is given for the O-Level examinations. International Baccalaureate credit: Students receiving a grade of six or seven in the IB HL program may receive credit for ECON 150. No credit is given for the IB SL program. Students who have failed a core economics course (ECON 250, 255, 260, or 270) at Bates may not receive major credit for an equivalent course taken at another institution. Students planning to study abroad should consult the off-campus study section of the economics department website. Most basic questions concerning departmental study-abroad requirements are answered there. Students should then consult with the department chair concerning the acceptability of particular courses for the major.

Pass/Fail

Pass/Fail grading may not be elected for courses applied toward the major.

Restricted Declarations

Students who have declared the Economics major may not declare the following:

• Applying Mathematical Methods (C006) GEC

Other Considerations

None.