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1. Complete at least two graded economics courses at the University of Virginia.
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2. Economics GPA
Achieve an economics grade point average (GPA) of at least 2.3; the economics GPA is a weighted measure of all Economics courses taken at the University with the following exceptions:
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Grades received in courses taken outside the University’s Economics Department, such as transfer courses or direct credit courses offered through study abroad programs, are not included in the economics GPA.
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If a student is granted economics elective credit for a course taken in another school or department at the University of Virginia, the grade received in that course is not included in the student’s economics GPA.
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HIUS 2061 is cross-listed as ECON 2060, and HIEU 2051 was cross-listed as ECON 2050 until Spring 2015. ECON 2060 is (and ECON 2050 was) the same whether taught under the History or Economics numbers A grade in HIUS 2061 (or HIEU 2051 taken before Spring 2015), therefore, would be included in the economics GPA.
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If a student fails a course and then retakes it, both grades – the failing grade and the grade received on the retake – enter into the computation of the economics GPA. If a student has taken and passed a course, grades received on any subsequent retake(s) are not included in the student’s economics GPA.
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3. Microeconomics (READ Changes to ECON 3010)
Complete ECON 2010 with a passing grade and ECON 3010 (or ECON 3110) with a minimum grade of C+.
Students who fail to obtain a C+ on their first attempt at completing ECON 3010 (or ECON 3110) are permitted to retake ECON 3010 (or ECON 3110) once. Those who fail to get a grade of at least C+ in two attempts are not eligible to declare an economics minor.
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Students who have transfer credit for ECON 3010 at the time that they matriculate at the University are exempt from this prerequisite.
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ECON 2010 and ECON 2020 are the only courses for the minor that may be taken outside the University after matriculation.
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4. Macroeconomics
Complete ECON 2020 with a passing grade.
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5. Calculus
Complete Calculus I & II and obtain a minimum grade of C+ in at least one of the calculus courses.
Accepted Calculus I courses: MATH 1190, MATH 1210, MATH 1310, or APMA 1090
Accepted Calculus II courses: MATH 1220, MATH 1320, APMA 1110
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Students who matriculate at the University with AP or transfer credit for Calculus II are exempt from both parts of this prerequisite.
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Students who matriculate at the University with AP or transfer credit for Calculus I are considered to have met the minimum grade requirement.
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Students who fail to obtain a C+ in Calc I are permitted one retake of Calc I, provided they do so before they take Calc II. No additional Calc I or Calc II retakes are permitted to meet the minimum grade requirement.
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Transfer credit cannot be used to satisfy the grade requirement after one has begun taking classes at the University.
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Students who complete Intermediate Microeconomics before Spring 2016 are not required to complete Calculus II but must still meet the minimum grade requirement.
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6. Statistics
Complete one of the following courses—STAT 2120, STAT 3120, APMA 3110, or APMA 3120—with a minimum grade of C+.
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Students who fail to obtain a C+ on their first attempt are permitted to try to meet the prerequisite a second time. Students who twice fail to obtain a grade of at least C+ in the statistics courses listed above, whether in the same or different courses, are ineligible to declare the economics minor.
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Students who matriculate at the University with AP or transfer credit for one of these courses are exempt from this prerequisite. Transfer credit cannot be used to satisfy this requirement after one has begun taking classes at the University.
Minor Requirements
No course taken credit/no credit may be used to satisfy minor requirements.
Required Courses
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Complete all the prerequisite courses for declaring a minor; ECON 2010, 2020, 3010 (or 3110), Calculus, and Statistics.
Elective Courses
The student must complete an additional 3 Economics elective courses at the 2000 level or above, each of which must be at least a 3 hour course.
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Of the economics elective courses used to satisfy this requirement, no more than one can be numbered below 2999.
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At least two of the three Economics elective courses must be completed at the University.
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ECON 3720, ECON 4720, and ECON 3020 can count as electives in the minor.
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Students entering the University with transfer credit for ECON 3010 (or 3020) on their transcript, but who do not have credit for ECON 2010 (or 2020), are exempt from ECON 2010 or 2020, respectively. However, they will be required to complete one additional ECON elective; in other words a total of 4 ECON electives must be completed for the minor.
GPA
Students must have a cumulative economics GPA of at least 2.0 to graduate with the minor. See the prerequisites for details on computing the economics GPA.