2025-2026 Catalog 
    
    Aug 06, 2025  
2025-2026 Catalog

Economics-Accounting Major


Major Requirements


The major in economics-accounting requires 10 courses, distributed as follows:

3. Cluster 2 Electives (2 courses)


Two courses selected from:

Notes:


  • ECON101 CM  and ECON102 CM  require completion of basic calculus at the level of MATH030 CM , or higher.
  •   requires the completion of  
  • ECON122 CM  and ECON160 CM  require completion of a college-level statistics course or equivalent. ECON120 CM  can serve as a prerequiste for these courses, and can also count as a Cluster 2 elective toward the major.
  • ECON122 CM  has a prerequisite of CSCI040 CM  or equivalent.
  • Cluster 1 electives are all level-I elective courses for economics majors, with the exception of ECON151 CM , which is a level-II economics elective.
  • Students who have taken CSCI036 CM  may not earn credit for ECON122 CM  or ECON160 CM  . Economics-Accounting majors who take CSCI036 CM  will be required to complete an additional Cluster 1 elective as a replacement for ECON160 CM .

Senior Thesis in Economics-Accounting


The senior thesis is a general education requirement and the capstone experience of a student’s undergraduate education. Students must complete a senior thesis in at least one of their majors under supervision of a faculty reader who teaches within that major, unless granted a special exception.

Special Options for Majors


 

Dual Major


The dual major in economics-accounting requires a minimum of 8 courses. Dual majors in economics-accounting may waive both of the Cluster 2 elective course requirements from the full major.

Students with a dual major including economics-accounting are encouraged to write their senior thesis on a topic in economics-accounting.

Honors in Economics-Accounting


Requirements for honors in economics-accounting are:

  • A grade point average of 3.50 or better in the major at the time of graduation.
  • Completion of ECON155 CM - Valuation and Reporting of Financial Liabilities and Equity (Intermediate Accounting II)  for a letter grade.
  • Completion of a senior thesis containing original empirical analysis using statistical estimation, theoretic modelling, or other appropriate quantitative techniques with substantial accounting content and reflecting superior understanding of accounting analysis. Compliance with these requirements can be established through either of two methods:
    1. The thesis should be written under the direction of a tenure track Economics-Accounting faculty member as either primary or secondary reader who certifies it qualifies as original empirical analysis in econ-accounting using appropriate statistical or quantitative methods.
    2. If the thesis is written under the direction of any other Robert Day School faculty member as the primary reader, then the topic and methodology must be approved in advance and verified upon completion by the Director of the Economics-Accounting faculty as meeting the requirements. (Students can request a list of tenure-track economics-accounting faculty from the Director of the Accounting program.)

Study Abroad


Economics-accounting majors are encouraged to study abroad. Normally, up to two Cluster 2 electives may be approved from a semester abroad, with approval from the economics-accounting department. ECON152 CM ECON155 CM ECON158 CM , and ECON191 CM  must be taken at CMC.

General Education Requirements for Social Science Majors


For the general education requirement in the social sciences and the humanities, CMC students majoring in a field in the social sciences must take designated courses in all 4 fields of the social sciences (economics, government, history, and psychology), and in 2 of the 4 fields of the humanities (literature, philosophy, religious studies, and literature in a foreign language). Majors with a dual or double major in the humanities will be required to take courses in 3 of the 4 fields of the humanities.

Learning Goals and Student Learning Outcomes for the Economics and Economics-Accounting Program


Learning Goals


The economics curriculum is designed to serve a variety of educational objectives. The basic goals of the undergraduate economics major, economics-accounting major, and the financial economics sequence are to:

  1. Develop an understanding of economic behavior and economic/financial institutions;
  2. Develop specific analytical, quantitative and research skills; and
  3. Develop effective communication skills.

Student Learning Outcomes


The Robert Day School has established the following learning outcomes for the educational objectives:

  1. Students will demonstrate a comprehensive knowledge and understanding of economic theory;
  2. Students will demonstrate comprehensive knowledge and understanding of issues related to quantitative analysis;
  3. Students will demonstrate skillful analytical and communication skills.