Concentrating in Economics

The concentration requirement consists of three subjects:

• 14.01 Principles of Microeconomics* and/or
• 14.02 Principles of Macroeconomics
• One or two of:
  • 14.03 Micro Theory and Public Policy
  • 14.04 Intermediate Microeconomic Theory
  • 14.05 Intermediate Applied Macroeconomics
  • 14.06 Advanced Macroeconomics (Not offered 22-23)
  • 14.11 Topics in Economics (Not offered 22-23)
  • 14.12 Economic Applications of Game Theory
  • 14.13 Psychology and Economics
  • 14.15[J] Networks (Not offered 22-23)
  • 14.16 Strategy and Information (Prereq. 14.03/14.04)
  • 14.18 Mathematical Economic Modeling
  • 14.19 Market Design (Not offered 22-23)
  • 14.20 Industrial Organization: Competitive Strategy and Public Policy
  • 14.26 Organizational Economics
  • 14.27 Economics and E-Commerce (Prereq. 14.30 or 6.041)
  • 14.41 Public Finance and Public Policy
  • 14.42 Environmental Policy and Economics (Not offered 22-23)
  • 14.43[J] Economics of Energy, Innovation, Sustainability
  • 14.44 Energy Economics and Policy
  • 14.54 International Trade
  • 14.64 Labor Economics and Public Policy (Not offered 22-23)
  • 14.70 Medieval Economic History in Comparative Perspective
  • 14.73 The Challenge of World Poverty
  • 14.74 Foundations of Development Economics (Not offered 22-23)
  • 14.75 Political Economy and Economic Development
  • 14.76 Firms, Markets, Trade and Growth

*Students who received a 5 on the Economics AP exam can substitute 14.03 for 14.01.

The following subjects are not acceptable: 14.30, 14.32, 14.33, and 14.47

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.

The concentration in development economics is designed for students with an interest in studying the challenge of massive and persistent world poverty and how the tools of economics can help address it.

The concentration requires three subjects. Students usually take:

• 14.01 Principles of Microeconomics*
• 14.73 The Challenge of World Poverty
• One of**:
  • 14.74 Foundations of Development Economics
  • 14.75 Political Economy and Economic Development
  • 14.76 Firms, Markets, Trade and Growth

*Students who received a 5 on the Economics AP exam can substitute 14.03 for 14.01.

**Other advanced subjects in development economics will be considered as substitutes on request.

Students can also opt for 14.01 and two of 14.74, 14.75, and 14.76.

Students whose primary major is Economics (14-1) or Mathematical Economics (14-2) may not concentrate in economics or development economics; students whose secondary major is Economics (14-1) or Mathematical Economics (14-2), and students whose major is Computer Science, Economics, and Data Science (6-14) may concentrate in economics or development economics.

Subjects used for a concentration in economics or development economics can also be used toward the minor.