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Majors and Minor

Explore and Discover. Economics studies how individuals, households, businesses, governments, and societies make decisions given scarce resources. Through theoretical modeling and rigorous empirical analysis, students develop analytical, quantitative, and problem-solving skills to understand the workings of an economy, to evaluate various economic outcomes using criteria such as efficiency, equity, and stability and to analyze the effects of various policies (like changes in the interest rate, minimum wage, school reform, tariffs, crime, pollution, etc.). 

Degrees Offered

The Department of Economics offers a major and minor in Economics. In cooperation with the Department of History, Economics also offers a major in Economics and History. Please see the section below for requirements for specific degrees.

Degree Requirements

Core Requirements

Class TypeEconomics MajorEconomics MinorEconomics & History Major
Intro
ECON 1010: Macroeconomics3 hours3 hours3 hours
ECON 1020: Microeconomics3 hours3 hours3 hours
Core
ECON 1500 or 1510: Statistics3 hours3 hours3 hours
ECON 3012: Intermediate Micro3 hours3 hours3 hours
ECON 3022: Intermediate Macro3 hourselective3 hours
ECON 3032 or 3035: Econometrics3 hourselectiveelective
Electives
Econ at any level6 hours6 hoursN/A
Upper-level Econ9 hours above ECON 30353 hours above ECON 30153 hours above ECON 3020 + 18 hours in History
Total Hours332145

Additional Requirements

  • One semester of calculus is prerequisite to ECON 1500 and 1510.
  • Two semesters of calculus are prerequisite to ECON 3012, 3022, 3032, 3035, and all courses above 3035.

In lieu of ECON 1500 or 1510, students may take MATH 2820L, plus MATH 2810 or MATH 2820.

  • Only 3 hours of independent study can count toward the major.
  • ECON 1111 counts as an elective below 3000.
  • Economics majors do not receive credit for ECON 3010 or 3020.

Declaring an Economics Major or Minor

To declare a major or minor in Economics, take the following steps:

  • Download and complete the Undergraduate Declaration of Major/Minor Form.
  • Bring your completed form to our department office at 415 Calhoun Hall, and we will assign you a faculty member to serve as your adviser. [NOTE: Due to COVID, please email Margaret Fergus, and she will assign you an adviser.]
  • Meet with your adviser to have your form signed. [NOTE: Due to COVID, we recommend that you do this via email or Zoom.]
  • Deliver the signed form to your home school’s academic services office. [NOTE: Due to COVID, you may need to deliver your form via email. Please contact your home school’s office for instructions.] Offices are:
    • College of Arts and Science: 350 Buttrick Hall/arts-sci-records@vanderbilt.edu
    • School of Engineering: 104 Featheringill Hall/maddie.french@vanderbilt.edu
    • Peabody College: 215 Peabody Administration Building/615-322-8407
    • Blair School of Music: Blair Main Office/615-322-7655