Economics Major

Notes:

• ECON 101 CM  and ECON 102 CM  require completion of basic calculus at the level of MATH 030 CM - Calculus I , or higher.
• ECON 125 CM  requires completion of a college-level statistics course or the equivalent; students with a score of 4 or 5 on AP Statistics will have met this requirement. Students without a prior college-level statistics course usually take ECON 120 CM - Statistics  as a prerequisite for ECON 125 CM . Students may count ECON 120 CM  as a level I elective course toward the major.
• Students must complete ECON 101 CM  and/or ECON 102 CM  prior to taking level II elective courses in the major.
• Economics-Accounting courses (ECON 086 CM  through ECON 160, with the exception of ECON 151 CM  and ECON 157 CM ) are level I elective courses for economics majors.

Dual Majors

Students with a dual major including economics must complete at least eight economics courses, distributed as follows:

1. Core Requirement (three courses) (see above)
2. ECON 125 CM - Econometrics 
3. Electives Requirement: four courses
   At least three of these must be level II electives (see above)

Students with a dual major including economics are encouraged to write their senior thesis on a topic in economics. For further information, see Senior Thesis in Economics above.

Please note the restrictions on honors in the major for students with a dual major in Honors in Economics below. For further information on dual majors and the requirements for the other discipline of the dual major, please check the appropriate sections of this catalog.

Honors in Economics

Requirements for honors in economics are:

• Completion of a major in economics
• A grade point average of 10.50 or better in the major at the time of graduation
• Completion of ECON 180 CM - Seminar in Research Methods 
• Completion of a senior thesis on a subject in economics under the direction of a member of the CMC Robert Day School. The thesis must reflect a superior understanding of economic analysis as determined by the student’s reader and ECON 180 CM  instructor.

For further information, contact your economics advisor or the faculty chair.

Students with a dual major including economics who wish to be considered for honors in economics are eligible if they:

• Have completed all requirements for a full major in economics and are granted honors, or
• Qualify and receive honors in both disciplines of their dual major. See Academic Honors at Graduation  for details.

Omicron Delta Epsilon

CMC has a chapter of Omicron Delta Epsilon, a national honorary society for economics majors. The objectives of Omicron Delta Epsilon are recognition of scholastic attainment and the honoring of outstanding achievements in economics, and the establishment of closer ties between students and faculty in economics within colleges and universities, and among colleges and universities. Economics majors with excellent academic standing are eligible for election. For further information, contact Professor Keil.

Internship Programs in Economics

For information on summer internships in economics, see Internship Programs  in Special Programs.

The Robert Day Scholars Program

The Robert Day Scholars Program is designed for a select group of highly motivated students with excellent academic records, significant leadership aptitude, and a clear interest in leadership roles in business, finance, government, and not-for-profit organizations. Robert Day Scholars complete a required set of coursework and receive a generous fellowship toward tuition, access to networking opportunities together with and customized support from a career services specialist.

The curricular focus of the program is on finance, along with complementary coursework in economics, accounting, and organizational psychology. Scholars also participate in a set of specially designed extra-curricular activities. Students have the option of applying to the BA program that provides an introductory experience or the BA/MA program that provides a more advanced experience and a graduate degree.  Students apply as sophomores to become Robert Day Scholars. Economics majors are well prepared to apply for the program and interested students should enroll in the prerequisite courses for the program during the sophomore and junior year. 

For further information about the program and its curricular requirements, see The Robert Day Scholars Program in Special Academic Programs  and the Robert Day School (RDS) website.

Accelerated Degree Programs

For information about the combined BA and Master of Arts in Finance program at CMC, as well as accelerated master’s and MBA programs at Claremont Graduate University, see Robert Day School BA/MA Combined Program , MA Program in Economics , and MBA – Robert A. Day 4+1 BA/MBA Program .

Master of Arts in Finance

For information on the Master’s Program in Finance of the Robert Day School, see The Graduate Program of the Robert Day School of Economics and Finance.

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.