Economics, BA (International Honours)

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The Joint Degree Program in Economics

Economics majors accepted into the joint degree program will benefit from the integration of the breadth offered by a William & Mary liberal arts education and the depth and progression offered from a St Andrews degree. In addition, majors will benefit from the complementary strengths of the two departments. While both economic departments have strengths in applied economic theory, the Economics Department at St Andrews has particular strengths in the areas of dynamic macroeconomics, finance, household economics, competition and innovation and climate change. St Andrews also supports two research centers - the Centre for Dynamic Macroeconomic Analysis and the Centre for Research in Industry, Enterprise, Finance and the Firm. The Department of Economics at William & Mary has particular strengths in the area of health, experimental and international economics. In addition, William & Mary economics faculty are highly visible members of The Schroeder Center for Health Policy, the Thomas Jefferson Program in Public Policy, and the Reves Center for International Studies.

Individuals enrolling in the economics degree will take the following program.

Requirements for the Joint Degree Program in Economics

Note: ECON is the prefix for Economics courses at W&M; EC is the prefix for Economics courses at St Andrews.

Required Credit Hours:

54 ECON credits (at least 21 of which are completed at William & Mary); at least 45 W&M / 180 StA credits must be completed in upper division courses in Years 3 and 4.

Major Computing Requirement:

ECON 307 - Principles and Methods of Statistics (3) or
EC2203

Major Writing Requirement:

ECON 308 - Econometrics (3) or
EC3301

Core Requirements:

All majors in the joint program are required to take the following:

First Year

ECON 101 - Principles of Microeconomics (3) OR
EC1002
ECON 102 - Principles of Macroeconomics (3) OR
EC1001
EC 1003 (for St Andrews home students; students may not take both EC 1003 and ECON 331)

Second Year

ECON 303 - Intermediate Microeconomic Theory (3) OR
EC2001
ECON 304 - Intermediate Macroeconomic Theory (3) OR
EC2002
ECON 307 - Principles and Methods of Statistics (3) OR
EC2203
EC 1003 (for W&M home students; students may not take both EC 1003 and ECON 331).

To advance to Honours study, students must average a C+ (11) on the first attempt in ECON 303 and 304, or in EC 2001 and 2002, and must pass on the first attempt ECON 307 or EC 2203 and EC 1003.

Third Year

ECON 308 - Econometrics (3) OR
EC3301
At W&M, at least an additional 12 credits in Economics elective courses (and see below*), or
At St Andrews, normally another 100 credits in EC electives (and see below*).

Fourth Year

ECON 490 - Independent Study in Economics (1-4) or
ECON 495 - Honors (3) and
ECON 496 - Honors (3)
or
EC 4499 - Dissertation (St Andrews)
At W&M, at least an additional 9-12 credits in Economics elective courses (and see below*); or
At St Andrews, normally another 80 credits in EC electives (and see below*).

*Economics Electives

*Students must complete at least 45 W&M / 180 St Andrews credits in years 3 & 4 and are strongly advised (particularly in year 3) to take at least 9 W&M credits, or 40 St Andrews credits, from among the courses listed below.

Please note that throughout, “OR” signifies anti-requisites; e.g., students may not earn credit for both EC 2001 and ECON 303, nor for both ECON 410 and EC 3302.

ECON 410 - Game Theory (3) OR EC3302
ECON 484 - Economics of Growth (3) OR EC3303
ECON 403 - Advanced Microeconomic Theory: Incentives (3) OR EC3305
ECON 420 - Economics of Information (3) OR EC3305
ECON 411 - Advanced Macroeconomic (3) OR EC3306
ECON 407 - Cross Section Econometrics (3) OR EC4401
ECON 408 - Time-Series Econometrics (3) OR EC4401
EC3304