A letter of specialization is an academic credential designed to help students explore a particular area of interest within a major. A course list guides you through class selection and creates a clear pathway within the major that is focused on this area of study. As you complete the courses, you develop an expertise in that area. Upon graduation you will receive a formal letter from the director of the program which can be cited as a credential on resumes, personal statements, and in letters of recommendation.
The Economics Department will be offering four Letters of Specialization. Each specialization and course list will be detailed below. The areas offered will be as follows:
- Political Economy
- Industry and Finance
- Quantitative Economics
- International Economics
Please note:
- Students may only pursue one letter - no more.
- Each letter requires four classes total - three of which must be Economics Department courses.
- Students should declare the letter when their last course for the letter is in progress. Please use the Declaration form link below underneath the letter you are pursuing when your last course is in progress.
- Finance primary majors are NOT eligible for the Industry and Finance Letter of Specialization due to the course redundancy between the credentials.
- Math primary majors are NOT eligible for the Quantitative Economics Letter of Specialization due to the course redundancy between the credentials.
- Econ course enrollment restrictions will NOT be waived for non- Econ primary majors pursuing these letters:
- Check individual course enrollment restriction details in Spire or Schedule Builder.
- Econ 205+ courses open to all students after Econ primary major juniors enroll.
- Econ IE courses (Econ 306 and all Econ 394 courses) are always reserved for Econ primary majors until the first day of classes each term, and then only as space allows.
- Econ cannot guarantee your first choice courses for these letters, so please check for course enrollment restrictions and open seat availability in Spire or Schedule Builder.
- Course enrollment restrictions may also apply to courses taken outside the Department of Economics, so please adhere to the external department's policies on course enrollment/overrides into their courses where applicable.
A letter of specialization in Political Economy enables students to build greater expertise in how political institutions, economic systems, and social factors interact to shape public policies, economic outcomes, and societal development. It combines elements of economics, political science, and sociology to understand the distribution of power, wealth, and resources within societies. Students who complete the letter gain a deeper understanding of how governments and markets function, the role of institutions in economic decision-making, and how political ideologies and policies influence economic behavior. This interdisciplinary approach equips students with critical thinking skills to analyze current global issues such as inequality, globalization, and economic crises, while offering insights into potential solutions to these challenges.
Requirements: Complete FOUR courses from the Political Economy Letter of Specialization course list. At least three classes must be ECON courses from the list. Each course must carry at least 3 credits and be taken for a letter grade. Students must maintain a cumulative average GPA of 2.0 across the four courses. Substitutions are not allowed. Access to classes not guaranteed; enrollment restrictions still apply.
Declaration Form should be completed when the last class for the letter is in progress. Declaration form HERE.
Full course catalog below. Check Spire or Schedule Builder for current semester offerings.
Political Economy |
|
105 |
Introduction to Political Economy |
144 |
Political Economy of Racism |
205 |
Intermediate Political Economy |
305 |
Marxian Economics |
306 |
History of Economic Thought |
308 |
Political Economy of the Environment |
316 |
The Debt Economy |
317 |
Controversies in the American Economy |
332 |
Social Control of Business |
333 |
Income Inequality and Policy Alternatives |
343 |
Economics of Gender, Race and Work |
345 |
Stratification Economics: Understanding Inequality |
346 |
African Americans in the U.S. Political Economy |
347 |
Economics of LGBT Issues |
348 |
Political Economy of Women |
351 |
City, Industry, and Labor in Colonial India |
368 |
Political Economy of African Growth and Transformation |
369 |
Gender and Economic Development |
394AI |
Foundations of International Political Economy (IE) |
394FI |
Finance and Society |
Outside Econ - one allowed |
|
POLISCI 281 |
Comparative Political Economy |
POLISCI 359 |
International Political Economy |
ANTHRO 340 |
Other Economies are Possible! |
A letter of specialization in Industry and Finance enables students to build greater expertise in the ways that firms operate within markets, how industries are structured, and how economic principles can be applied to decision-making. It examines topics such as market competition, monetary policy, trade, and government regulation while regarding the impact of institutions, society, and ethics. Students who complete the letter gain an understanding of the strategic and operational challenges businesses face, along with the tools to analyze a market and regulatory environment. This field equips students with practical skills to evaluate market dynamics and make informed decisions in the ever-evolving global economy.
Requirements: Complete FOUR courses from the Industry and Finance Letter of Specialization course list. At least three classes must be ECON courses from the list. Each course must carry at least 3 credits and be taken for a letter grade. Students must maintain a cumulative average GPA of 2.0 across the four courses. Substitutions are not allowed. Access to classes not guaranteed; restrictions still apply.
Finance primary majors are NOT eligible for the Industry and Finance Letter of Specialization due to the course redundancy between the credentials.
Declaration Form should be completed when the last class is in progress. Declaration form HERE.
Full course catalog below. Check Spire or Schedule Builder for current semester course offerings.
Industry & Finance |
|
311 |
Money and Banking |
312 |
Economics of Financial Crisis |
313 |
Public Finance |
314 |
State & Local Public Finance |
316 |
The Debt Economy |
321 |
International Monetary Theory |
322 |
International Trade |
331 |
Organization of American Industry |
332 |
Social Control of Business |
338 |
Compensation, Incentives & Productivity |
394CI |
The Economics of Cooperative Enterprise (IE) |
394EI |
Economics and Ethics (IE) |
394FI |
Finance and Society (IE) |
394IO |
Industrial Organization (IE) |
336 |
Economics of Science, Technology, and Innovation |
Outside Econ - one allowed |
|
ACCT 221 |
Principles of Financial Accounting |
ACCT 222 |
Principles of Managerial Accounting |
SOM 260 |
Introduction to Law |
FIN 301 |
Corporation Finance |
MKT 301 |
Fundamentals of Marketing |
MGM 301 |
Principles of Management |
A letter of specialization in Quantitative Economics enables students to build greater expertise in the application of mathematical and statistical methods to analyze economic phenomena, develop economic models, and test hypotheses. Students focus on using data and quantitative techniques, such as econometrics, optimization, and simulations, to understand economic relationships and predict outcomes, while considering the underlying ethics and biases in data. Students who complete the letter gain strong analytical and technical skills, enabling them to model complex economic systems, conduct empirical research, and interpret data to inform policy or business decisions. This field prepares students for careers in data analysis, economic forecasting, and decision-making in both the public and private sectors.
Requirements: Complete FOUR courses from the Quantitative Economics Letter of Specialization course list. At least three classes must be ECON courses from the list. Each course must carry at least 3 credits and be taken for a letter grade. Students must maintain a cumulative average GPA of 2.0 across the four courses. Substitutions are not allowed. Access to classes not guaranteed; restrictions still apply.
Math primary majors are NOT eligible for the Quantitative Economics Letter of Specialization due to the course redundancy between the credentials.
Econ majors (primary and secondary) admitted in Fall 2025 or later may not count Econ 201 as one of their 4 courses for this letter.
Students may take either Econ 452 or Resource Econ 312 from the Quantitative course list, but not both since they are equivalent courses.
Declaration Form should be completed when the last class is in progress. Declaration form HERE.
Full course catalog below. Check Spire or Schedule Builder for current semester offerings.
Quantitative Economics |
|
150 |
Introduction to Data Science for Economics |
201 |
Introduction to Econometrics (course not allowed for Econ primary and secondary majors admitted Fall 2025 or later) |
309 |
Game Theory |
333 |
Income Inequality and Policy Alternatives |
334 |
Economics of Wellbeing |
337 |
Economics in the Age of Big Data |
338 |
Compensation, Incentives, & Productivity |
339 |
Economics of Uncertainty |
340 |
Economics of Health |
452 |
Econometrics (cannot be used if Resource Econ 312 is used) |
503 |
Advanced Microeconomic Theory |
Outside Econ - one allowed |
|
MATH 233 |
Multivariate Calculus |
MATH 235 |
Introduction to Linear Algebra |
COMP SCI 119 |
Introduction to Programming |
Stats 108 |
Foundations of Data Science |
ResEc 312 |
Intro to Econometrics (cannot be used if Econ 452 is used) |
ResEc 414 |
Topics in Time Series and Forecasting |
GEOGRAPH 585 - |
Introduction to GIS |
A letter of specialization in International Economics enables students to build greater expertise in the study of economic interactions between countries, focusing on trade, investment, currency exchange, and global financial systems, as well as the differences in economic systems across nations and how these systems impact economic performance and societal outcomes. Students examine how countries’ distinct economic policies, institutions, and development strategies influence global trade patterns, economic growth, and the distribution of resources. Students who complete the letter gain insights into global markets, trade relations, and how different countries' economic models address challenges like inequality, development, and stability. This approach equips students with the tools to analyze global economic trends, compare national policies, and understand the broader implications of international events in a diverse, interconnected world.
Requirements: Complete FOUR courses from the International Economics Letter of Specialization course list. At least three classes must be ECON courses from the list. Each course must carry at least 3 credits and be taken for a letter grade. Students must maintain a cumulative average GPA of 2.0 across the four courses. Substitutions are not allowed. Access to classes not guaranteed; restrictions still apply.
Declaration form should be completed when the last class is in progress. Declaration form HERE.
Full course catalog below. Check Spire or Schedule Builder for current semester offerings.
International Economics |
|
121 |
International Economy |
321 |
International Monetary Theory |
322 |
International Trade |
335 |
Economics of Immigration |
350H |
Global Origins of Capitalism and Modernity |
359 |
City, Industry, and Labor in Modern India, 1750-1950 |
361 |
European Economic History |
366 |
Economic Development |
367 |
Post Independence African Development |
368 |
Political Economy of African Growth and Transformation |
371 |
Comparative Economics Systems |
394AI |
Foundations of International Political Economy (IE) |
568 |
The Practice of Development Policy and International Cooperation |
Outside Econ - one allowed |
|
POLISCI 281 |
Comparative Political Economy |
POLISCI 359 |
International Political Economy |
ANTHRO 340 |
Other Economies are Possible! |