The Economics Department

Minoring in Economics

Why minor in Economics

A minor in economics allows students not majoring in Economics to master an important and useful set of concepts, simple models, and analytical skills in economics. Students may focus on analytical skills and quantitative methods by taking theory courses and courses in economic statistics and econometrics; or they may take a cluster of upper-division economics courses in order to explore a field of economics in some depth.

For students in the 2014-2016 and prior catalogs:

The option to pursue a minor and the requirements to complete a minor will vary depending on your major— talk to your advisor in your major. There is no application—your major advisor can add the economics minor to your student profile if it is acceptable for your major. A minor usually requires 12-15 hours of coursework (6-9 hours of which must be upper division, at least 6 hours in-residence). All courses must be taken on the letter-grade basis.

Typically, students will take:

  • ECO 304K Intro to Microeconomics
  • ECO 304L Intro to Macroeconomics (Prerequisite: ECO 304K with a grade of at least C-)
  • 2-3 upper division economics classes

For students in the 2016-2018 catalog:

To fulfill the requirements of the transcript-recognized minor in economics, students must complete 16 semester hours of coursework as described below. All of the upper-division economics courses must be taken in residence at The University of Texas at Austin. All courses must be taken on the letter-grade basis.

At least nine of the hours required for the minor must include coursework not used to satisfy the requirements of the student’s major. However, courses in the minor may fulfill other degree requirements such as general education requirements or required elective hours.

Students may apply for the Economics minor online or with their major advisor.

The minor is currently not restricted-- applications will be auto-approved. Once approved, the student will need to ask their major advisor to add the minor to their student profile in order for the minor to be officially declared. 

The transcript-recognized minor in economics requirements are:

  • ECO 304K Intro to Microeconomics
  • ECO 304L Intro to Macroeconomics (Prerequisite: ECO 304K with a grade of at least C-)
  • ECO 420K Micro-Theory (Prerequisites: ECO 304K and ECO 304L, M408K and M408L or  equivalents, all with grades of at least C minus, and ECO 329 with a grade of at least C).
  • Two additional upper division Economics courses (ECO 329 may count for one of these).

Access to Economics Classes

To satisfy the upper division course requirements, minor pursuers may take any upper division economics classes for which they meet prerequisites. Minor pursuers will need to request a restriction waiver from the Economics Advising Office (BRB 1.114) for the following courses only: ECO 329, ECO 420K, ECO 320L, ECO 341K, and all ECO writing flags. To receive a waiver the minor MUST be declared and all prerequisites must be met. Registration is subject to seat availability.

Course Prerequisites

The following courses require only ECO 304K and ECO 304L: ECO 323T, ECO 327, ECO 330T, ECO 355.

All other upper division economics courses require ECO 329 and/or ECO 420K (additional prerequisites may apply). The prerequisites for ECO 329 are: ECO 304K and ECO 304L, M408K and M408L (or equivalents) all with grades of at least C minus. ECO 420K requires the same prerequisites plus ECO 329 with a grade of at least C.

For economics classes that list ECO 329 as a prerequisite, the following courses can meet the prerequisite in place of ECO 329 but will not count as an economics class toward the additional upper division Economics courses required for the minor: SDS 321, M358K or M378K, BME 335, EE351, ME 335, PGE 337.

If you still have questions about minoring in Economics, contact the Economics Advising Office BRB 1.114, 512-471-2973, ecoadvisors@austin.utexas.edu.