Undergraduate Program

Minors

Minoring in Economics at MIT
Minor Advisor:
Professor Benjamin Olken

E52-542; X3-6833; bolken@mit.edu

Please see the following instructions and FAQs about minor requirements and getting your completion form signed.

Minor/Completion Forms are located in the lobby outside of E52-542, at the cubicles. Deadlines apply --see the Instructions and FAQ link for details.

The Economics minor consists of six subjects arranged into three levels of study and chosen as follows:

Tier I
Three subjects, including:
-14.01 - Principles of Microeconomics;
-14.02 - Principles of Macroeconomics;
-14.30 - Introduction to Statistical Method in Economics* or
-18.05 - Introduction to Probability and Statistics* or
-1.010 - Uncertainty in Engineering (also called Probability and Causal Inference)*

Tier II
One of the following subjects:
-14.03 - Micro Theory and Public Policy
-14.04 - Intermediate Microeconomic Theory or
-14.05 - Intermediate Applied Macroeconomics

Tier III
Two of the following subjects:
-14.06 Advanced Macroeconomics
-14.07 Financial Markets and the Macroeconomy
-14.11 Topics in Economics (Not offered 19-20)
-14.12 Economic Applications of Game Theory
-14.13 Economics & Psychology
-14.15J Networks
-14.16 Strategy and Information
-14.18 Mathematical Economic Modeling (Not offered 19-20)
-14.19 Market Strategy
-14.20 Industrial Organization and Competitive Strategy
-14.21J Health Economics (Not offered 19-20)
-14.26 Economics of Incentives
-14.27 Economics and E-commerce (Prereq. 14.30 or 6.041)
-14.41 Public Economics
-14.42 Environmental Policy and Economics (Not offered 19-20)
-14.43J Economics of Energy, Innovation, and Sustainability
-14.44 Energy Economics
-14.46 Innovation Policy and the Economy (Not offered 19-20)
-14.54 International Trade
-14.64 Labor Economics and Public Policy (Not offered 19-20)
-14.70 Medieval Economic History in Comparative Perspective
-14.73 The Challenge of World Poverty
-14.74 Foundations of Development Economics (no longer offered)
-14.75 Political Economy and Development
-14.76 Firms, Markets, Trade and Growth
-15.401/417 Managerial Finance AND 15.402/418 Corporate Finance**

* The only acceptable substitutes are the following: 6.041 or 18.600 AND one of these three: 14.32, 15.075, or 18.650. For example, 6.041 and 15.075 is an acceptable pair. ANY of these courses ALONE is not a substitute for 14.30 or 18.05 or 1.010. NOTE: 18.600 and 18.650 are the new course numbers for 18.440 and 18.443 respectively.

**BOTH subjects may be taken to satisfy ONE tier III elective. Neither subject alone or with another subject will count toward the minor. There will be no exceptions to this rule. Because of the maximum two-subject overlap, course 15 majors cannot use these subjects as an elective (14.01 and 14.02 are requirements for the course 14 minor and the course 15 major).

Please NOTE: The junior/senior pass/fail option may not be used to fulfill a minor program in HASS.

Selecting two subjects from Tier II and one from Tier III is not permitted.

Under no circumstances may a student complete a minor with fewer than six subjects. Any student who receives permission from the Economics Department to skip 14.01 and/or 14.02 and take a higher-level subject must take replacement subject(s) for 14.01/14.02.

A maximum of two subjects counting for the minor may overlap with the subjects that are required for any major or a second minor. If a student's major(s) requires more than two of the same subjects that are required for the economics minor, as is the case with the management major, the student must take additional subjects so that at least four subjects are counting only for the economics minor.