The development of an understanding in economics is not only necessary for all managers but also for all those seeking to understand how and why economic forces affect and shape the society and the world we live in. The success of any business ultimately depends on the decisions its managers make concerning the allocation of resources under differing market and economic conditions. Successful decision making requires a good understanding of markets and the central role that economic incentives play within and outside the firm. The Clarkson economics minor is designed to give you the basic tools and analytical background in economic analysis. The minor in economics can complement almost any major, whether in arts and sciences, business or engineering. The minor in economics consists of 18 credit hours of economic courses as follows:

  • EC150 Principles of Microeconomics or Economic Principles and Engineering
  • or EC350* Economics
  • EC151 Principles of Macroeconomics or Economic Principles and Engineering
  • or EC350* Economics
  • EC311** Intro to Econometrics

Three or four electives (9 credit hours) of 300- or 400-level EC designated courses if a student has taken EC150 and EC151. Four electives (12 credit hours) of 300- or 400-level EC designated courses if a student has taken EC350.

*A student may not take EC150 or EC151 if a student has taken EC350. Entry to EC350 is limited to students who have declared a major in Engineering and Management or a major in the School of Engineering.

** Students who have completed Stat 383 – Probability and Statistics are exempt from EC311 but will have to complete another upper level Economics course to replace EC311.