The Majors in Economics and Economics-Accounting Are Part of The

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CLAREMONT McKENNA COLLEGE

E c on omi c s

Economics

The majors in economics andeconomics-accounting are part of theacademic program of the Robert Day School of Economics and Finance. Theeconomics curriculum is designed to servea variety of student educational objectives.Emphasis is placed on understandingeconomic behavior and institutions and thedevelopment of specific analytical skills. Aneconomics major is especially appropriatefor students interested in careers withinbusiness, accounting, law, government, orteaching.Students majoring in economics takea combination of courses suited to theirparticular interests. Major requirements areflexible and, with department approval, canbe modified to fit the program interests of individual students. Liberal provisions aremade for the individual student, either as amajor or as a non-major, to choose electivesfrom an extensive list of special interestcourses.

Major Requirements

The major in economics requires tencourses distributed as follows:

1. Core Requirement (threecourses)Economics 50. Principles of



Economic AnalysisEconomics 101. Intermediate



MicroeconomicsEconomics 102. Intermediate



Macroeconomics

Notes:- Economics 101 and 102 require completion of basiccalculus at the level of

Mathematics 30. Calculus I

, orhigher; Students should complete Economics 101 or 102prior to taking level II elective courses in the major.

2. Statistics Skill Requirement (onecourse)

One course is required in basicstatistics and empirical methods. Thisrequirement is usually met by com-pleting

Economics 120. Statistics

. Withdepartment approval, students may meet the statistics requirement by showing proﬁciency through an-other appropriate statistics course (orcourses). The statistics requirementshould be completed concurrently with the

Core Requirement.

3. Electives Requirement (six courses)

beyond the Core andStatistics Skill requirements.Elective courses are arranged in

two

categories according to prerequisites:

Level I elective courses:



thesecourses only require Economics50 as a prerequisite;

Level II elective courses:



thesecourses require Economics 101and/or Economics 102, or a moreadvanced economics course as aprerequisite; Majors must take at least 4 level IIelective courses toward the major.

Notes:- Accounting courses (

Economics 86 through 160

, with theexception of

151

and

157

) are level I elective courses foreconomics majors.-

Economics 126. Econometrics

is highly recommended forall students majoring in economics.

Senior Thesis in Economics

The senior thesis is a general educationrequirement and the capstone experienceof a student’s undergraduate education.Students must complete a senior thesis in atleast one of their majors under supervisionof a faculty reader who teaches within thatmajor, unless granted a special exception. All students majoring in economics areencouraged to take

Economics 180. Seminar in Research Methods,

a one-half creditcourse preparing students for a seniorthesis in economics, either in the semesterbefore they register for senior thesisor concurrently with the senior thesis.Students pursuing honors in economics are

COURSES OF STUDY 2008-2009

E c o n o m i c s

required to take Economics 180, but needonly register for a one-semester thesis. Fora two-semester project, students registerfor a thesis research course in economicsin the ﬁrst semester and for the seniorthesis in the second semester. The seniorthesis and the research course may not becounted as courses in the major. For furtherinformation on honors, see “Honors inEconomics” below.

Special Options for Majors

A number of special program options areavailable within the framework of the majorrequirements listed above. These specialprogram options and requirements include:

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Students with a dual major includingeconomics must complete

at least eight

economics courses, distributed as follows:

1. Core Requirement

(see above)

2. Statistics Skill requirement,Economics 120

or equivalent

3. Electives:

three or more economicselective courses of which

at least twomust be level II electives.4. Senior Thesis

: students with adual major including economics are

encouraged

to write their

senior thesis

on a topic in economics. For furtherinformation, see “Senior Thesis inEconomics” above.Please note the restrictions on

honors inthe major

for students with a dual majorin “Honors in Economics” below. Forfurther information on dual majors and therequirements for the other discipline of thedual major, please check the appropriatesections of this catalog.

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This dual major emphasizes applicationof mathematical methods for economicanalysis. The requirements for theeconomics portion of the economics-mathematics dual major are:

1. Core Requirement

(see above)

2. Electives:

four or more economicscourses

of which

at least three

mustbe chosen from

level II electivecourses

.Students completing an economics-mathematics dual major fulﬁll the statisticsskill requirement for the economics majorby completing

Mathematics 151. Probability,

and

152. Statistical Inference

, or

158. Applied Statistics

. For the requirements for themathematics portion of the dual major,please consult the mathematics section of the catalog.



The Robert Day Scholars Programidentifies students with significantleadership aptitude and strong analyticalskills, and cultivates those characteristicsthrough completion of specific coursework and participation in co-curricular activities. The curricular focus is on finance, along with complementary coursework ineconomics, accounting, and organizationalpsychology. Robert Day Scholars receivea generous fellowship toward tuition,access to networking opportunities, andcustomized support from a career servicesspecialist. There are two parts of the Robert Day Scholars Program—

an undergraduate honors program for seniors,

and a

one-year Master of Finance program

. Students apply as juniorsto become Robert Day Scholars in theirsenior year, and as seniors for the Masterof Finance program. Economics majors are well prepared to apply for either programand interested students are encouragedto complete the prerequisite coursesprior to their senior year. Please contactthe Executive Director of the RobertDay School of Economics and Financefor additional information and refer tothe website:

www.cmc.edu/rdscholars.

Forfurther information on applications to theprograms, see “Admission to Claremont McKenna College;” program requirementsand prerequisites are detailed in “Special Academic Programs.”

CLAREMONT McKENNA COLLEGE

E c on omi c s



For information on accelerated master’sand MBA programs at ClaremontGraduate University, see

“

MA Program inEconomics”, and “MBA – Robert A. Day 4+1 BA/MBA Program” in “AcceleratedDegree Programs” in “Special AcademicPrograms.”

Honors in Economics

Requirements for honors in economicsare:Completion of a major in economics



A grade point average of 10.50 or



better in the major at the time of graduationCompletion of



Economics 180.Seminar in Research Methods

Completion of a senior thesis on



a subject in economics under thedirection of a member of the CMCEconomics department. The thesismust reﬂect a superior understandingof economic analysis as determinedby the student’s reader andEconomics 180 instructor.For further information, contact youreconomics advisor or the department chair.Students with a

dual major

includingeconomics who wish to be considered forhonors in economics are eligible if they:have completed all requirements for



full major

in economics and aregranted honors, orqualify and receive honors in



bothdisciplines

of their dual major. See“Academic Honors at Graduation”for details.



CMC has a chapter of Omicron DeltaEpsilon, a national honorary society foreconomics majors. The objectives of Omicron Delta Epsilon are recognition of scholastic attainment and the honoring of outstanding achievements in economics,and the establishment of closer tiesbetween students and faculty in economics within colleges and universities, and amongcolleges and universities. Economicsmajors with excellent academic standingare eligible for election. For furtherinformation, contact Professor Keil.

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For information on summer intern-ships in economics, see “Summer Intern-ship Program in Economics” in “SpecialPrograms.”

General Education RequirementInformation

Economics requirement

The generaleducation requirement in economics ismet by

Economics 50. Principles of Economic Analysis.

Economics majors:

For the general edu-cation requirement in the

social sciences

andthe

humanities

, CMC students majoring ineconomics (or economics-accounting) arerequired to take designated courses in allfour fields of the social sciences (econom-ics, government, history, and psychology),and in two of the four fields of the humani-ties (literature, philosophy, religious stud-ies, and literature in a foreign language).Economics majors with a dual or doublemajor in the humanities must take coursesin three humanities fields. For furtherinformation, see “Academic Policies andProcedures.”

Economics Courses at the Other

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With the prior written permission of thedepartment chair, students may elect tocount economics courses taken elsewherein Claremont either as general electives oras courses fulﬁlling major requirements.Such substitutions are made in lieu of econom-ics courses offered at Claremont McKennaCollege. To be eligible for economics credit,courses must have Economic 50 as a pre-requisite and be taught by an economist.

Study Abroad

All CMC students are encouraged toapply for study abroad during the junior

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