The Bachelor of Science in Economics provides a strong foundation in economics and mathematics. Compared with the BA in Economics degree, the BS curriculum requires slightly more material in calculus and econometrics. BS students complete seven elective courses, including options such as FORTRAN Programming, Investment and Portfolio Management, Mathematics of Finance and Introduction to the Economy of Japan.

# BS in Economics

"Econometrics was one of the hardest and most gratifying classes I have ever taken. The course gave me the tools to read, critique and conduct empirical research. It was like learning a new language."

Andrea Cristina Ruiz

BA ’12, Economics and International Affairs

## Recommended BS Course Schedules

Students with AP Calculus credit or those who placed above MATH 1231 may move through the required MATH and STAT courses at a faster pace than this schedule indicates.

**First year:**ECON 1011, ECON 1012, STAT 1111/1051/1053 and MATH 1221/1231/1252**Sophomore year:**ECON 2101/2013, ECON 2102/2104, MATH 1232 and required upper-level electives**Junior year:**ECON 2123 and required upper-level electives**Senior year:**Upper-level ECON electives and ECON 4198W

**First year:**ECON 1001, ECON 1011, STAT 1111/1051/1053 and MATH 1221/1231/1252 (or any other prerequisites needed for enrollment into these STAT and MATH courses)**Sophomore year:**ECON 1012, ECON 2101/2013, required upper-level electives**Junior year:**ECON 2102/2104, required upper-level electives, STAT 2112/2118 or ECON 2123**Senior year:**Required upper-level electives, ECON 4198W

- Students are encouraged to complete the two principles classes (ECON 1011 and ECON 1012), the introductory statistics classes (STAT 1111/1051/1053) and Calculus I (MATH 1221/1231/1252) by the first semester of their sophomore year so that they are fully prepared to enter the economics major.
- Calculus I is a prerequisite for Intermediate Micro and Intermediate Macro (ECON 2101 and ECON 2102, respectively), meaning that it must be taken before either 2101 or 2102. We do not, therefore, recommend putting off the Calculus I course beyond the first semester of sophomore year.
- We strongly recommend that students take Intermediate Micro prior to Intermediate Macro.
- Intermediate Micro and Intermediate Macro are prerequisites for the Capstone Proseminar (ECON 4198W). Students will not be allowed to enroll in the proseminar until they have completed both prerequisites. It is therefore imperative to finish these intermediate theory courses by the end of the first semester of senior year, at the latest.
- We also recommend completing Econometrics (ECON 2123) or the upper-level stats requirements (STAT 2112/2118), as well as the majority of the required upper-level economics electives, prior to enrolling in ECON 4198W. Materials covered in these classes will be extremely helpful to students in completing required research projects in the proseminar course.

## Course Requirements

The following requirements must be fulfilled:

The general requirements stated under Columbian College of Arts and Sciences, Undergraduate Programs and the following curricular requirements.

Program-specific curriculum:

Code | Title | Credits |
---|---|---|

Required | ||

ECON 1011 | Principles of Economics I ^{1} | |

ECON 1012 | Principles of Economics II ^{1} | |

ECON 2103 | Intermediate Microeconomic Theory: A Mathematical Approach | |

or ECON 2101 | Intermediate Microeconomic Theory | |

ECON 2104 | Intermediate Macroeconomic Theory: A Mathematical Approach | |

or ECON 2102 | Intermediate Macroeconomic Theory | |

ECON 2123 | Introduction to Econometrics | |

ECON 4198W | Proseminar in Economics | |

MATH 1221 | Calculus with Precalculus II ^{2} | |

or MATH 1231 | Single-Variable Calculus I | |

MATH 1232 | Single-Variable Calculus II ^{2} | |

STAT 1111 | Business and Economic Statistics I (or equivalent) ^{2} | |

or STAT 1051 | Introduction to Business and Economic Statistics | |

or STAT 1053 | Introduction to Statistics in Social Science | |

Electives | ||

Two courses (6 credits), completed with a minimum grade of C-, from the following: | ||

CSCI 1011 | Introduction to Programming with Java | |

CSCI 1012 | Introduction to Programming with Python | |

CSCI 1111 | Introduction to Software Development | |

CSCI 1112 | Algorithms and Data Structures | |

CSCI 1311 | Discrete Structures I | |

EMSE 2705 | Mathematics of Operations Research | |

EMSE 3850 | Quantitative Models in Systems Engineering | |

EMSE 4701 | Optimization in Operations Research | |

EMSE 4710 | Applied Optimization Modeling | |

MATH 2184 | Linear Algebra I | |

MATH 2233 | Multivariable Calculus ^{3} | |

MATH 2971 | Introduction to Mathematical Reasoning ^{3} | |

MATH 3342 | Ordinary Differential Equations ^{3} | |

MATH 3410 | Mathematics of Finance ^{3} | |

MATH 4239 | Real Analysis I ^{3} | |

STAT 1129 | Introduction to Computing | |

STAT 2183 | Intermediate Statistics Lab/Packages | |

STAT 3119 | Analysis of Variance | |

STAT 3187 | Introduction to Sampling | |

STAT 4157 | Introduction to Mathematical Statistics I | |

STAT 4158 | Introduction to Mathematical Statistics II | |

STAT 4181 | Applied Time Series Analysis | |

STAT 4188 | Nonparametric Statistics Inference | |

STAT 4189 | Mathematical Probability and Applications I | |

STAT 4190 | Mathematical Probability and Applications II | |

STAT 4197 | Fundamentals of SAS Programming for Data Management | |

Additional requirements | ||

Five additional Economics (ECON) courses (15 credits) numbered between 2000 and 4999. The following guidelines and restrictions apply: | ||

FINA 3101 and/or FINA 3301 may be used as substitutes for up to two ECON courses; however, credit may not be earned for both FINA 3301 and ECON 2121. | ||

At least one of the five courses must be taken at the 3000 level. ECON 3098, ECON 3099, FINA 3101, and FINA 3301 may be counted toward the 15 credits of ECON electives, but do not count toward the required minimum of 3 credits of 3000-level courses. | ||

No more than three courses may be selected from ECON 2169, ECON 2170, ECON 2185, ECON 2198, ECON 3098, and ECON 3198. | ||

No more than two courses may be selected from ECON 2180; ECON 2181 or ECON 3181; and ECON 2182. ECON 2180 would not satisfy the major elective requirement if taken concurrently with or after successful completion of ECON 2181 or ECON 3181 or ECON 2182. |

^{1} Post-matriculation residency requirement: In order for ECON 1011 to count towards the major it must be completed at George Washington University with a minimum grade of *C-*. Students who matriculate with AP or transfer credit for ECON 1011 are exempt from this residency requirement. In order for ECON 1012 to count towards the major it must be completed at George Washington University with a minimum grade of *C-*. Students who matriculate with AP or transfer credit for ECON 1012 are exempt from this residency requirement.

^{2 }The MATH course selected from between MATH 1221 or MATH 1231 as well as MATH 1232, must be completed with a minimum grade of *C-*. Moreover, STAT 1111, or STAT 1051, or STAT 1053 must be completed with a minimum grade of *C-*.

^{3} MATH 2233, MATH 2971, MATH 3342,MATH 3410, and MATH 4239 are strongly recommended for those planning to pursue graduate study in economics.