The Economics Department

Minoring 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 2016-2018 and 2018-2020 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 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 course requirements are:

  • ECO 304K Intro to Microeconomics
  • ECO 304L Intro to Macroeconomics 
  • ECO 420K Microeconomic Theory or ECO 421K Micro Theory for Business or an upper-division Economics class with ECO 420K or ECO 421K as prerequisite
  • Two additional upper division Economics courses 

Prerequisites

Prerequisites for economics courses are strictly enforced for all students. 

Please note that the prerequisites for ECO 420K include additional courses not listed above:

ECO 420K Prerequisites: Economics 304K and 304L with a grade of at least C- in each; Mathematics 408C and 408D, or 408K and 408L, or 408N and 408S, or 408K and 408S, or 408C and 408L, or 408C and 408S, or 408N and 408L witha grade of at least C- in each; and Economics 329 or Biomedical Engineering 335 or Chemical Engineering 235K or Electrical Engineering 351K or Mathematics 358K or 378K or Statistics and Data Sciences 378 or Mechanical Engineering 335 with a grade of at least C.

Timeline

Due to the prerequisites, students should expect the minor to take 4-5 semesters to complete, as outlined below:

Semester 1: ECO 304K Intro to Microeconomics and M 408C/K/N Calculus I

Semester 2: ECO 304L Intro to Macroeconomics and M 408D/L/S Calculus II

Semester 3 (take one):

  • ECO 421K (open to Business majors only)
  • Statistics Prerequisite for taking ECO 420K (take one of following: ECO 329, BME 335, CHE 253K, EE 351K, ME 335, M358K, M378K)

Semester 4: ECO 420K Microeconomic Theory (unless ECO 421K was taken)

Semester 3, 4 or 5: Upper Division ECO Elective, Upper Division ECO Elective

ECO 329 can count as an Upper Division ECO Elective. Most Upper Division ECO Electives require ECO 420K or ECO 421K as a prerequisite.

Access to Economics Classes

These courses are restricted to economics majors: ECO 420K Microeconomic Theory, ECO 320L Macroeconomic Theory, ECO 441K Econometrics, all economics courses with writing flags. Minor pursuers can request a restriction waiver from the Economics Advising Office (BRB 1.114) on the following timeline:

  • ECO 420K: prior to initial registration period for upcoming semester, or any time during registration or add/drops.
  • ECO 320L, ECO 441K, Writing Flags: during the second registration period (add/drops).
  • To receive a restriction waiver the minor MUST be declared and all prerequisites must be met. Registration is subject to seat availability.
  • ECO 421K: for business majors only, can register themselves online (no other majors have access, no exceptions).

All other ECO courses are open and students may register themselves (must meet prerequisites).

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 
  • 2-3 upper division economics classes

Prerequisites

Prerequisites for economics courses are stated in the course schedule and are strictly enforced for all students. 

Most upper-division Economics electives require additional prerequisites beyond ECO 304K and ECO 304L. The Economics minor might be hard to complete if the student doesn't take Calculus I (M 408K/C/N) and Calculus II (M 408L/D/S). 

Access to Economics Classes

These courses are restricted to economics majors: ECO 420K Microeconomic Theory, ECO 320L Macroeconomic Theory, ECO 441K Econometrics, all economics courses with writing flags. Minor pursuers can request a restriction waiver from the Economics Advising Office (BRB 1.114) on the following timeline:

  • ECO 420K: prior to initial registration period for upcoming semester, or any time during registration or add/drops.
  • ECO 320L, ECO 441K, Writing Flags: during the second registration period (add/drops).
  • To receive a restriction waiver the minor MUST be declared and all prerequisites must be met. Registration is subject to seat availability.

ECO 421K is restricted to McCombs business majors only (no exceptions).

All other ECO courses are open and students may register themselves (must meet prerequisites).

 

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