Economics, BA (International Honours)

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)
Progression in Years 3 and 4: Students must earn 60 (WM)/240 (StA) credits, at least 45 (WM)/180 (StA) in Honours courses - that is, courses in the major at the 300(0) - 400(0) level. Students must take 30/120 credits at each university. Of the total 60/240, 22.5/90 should be at the 4000-level at St. Andrews, or at the equivalent level at W&M.* Normally, no more than 7.5/30 credits below the 300-level may be taken in a single Honours year.

*Some 300 level courses at W&M will count towards this requirement. See your major advisor for a list.

Major Computing Requirement:

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

Major Writing Requirement:

ECON 308 - Econometrics Credits: (3) or
EC3301

Core Requirements:

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

First Year

ECON 101 - Principles of Microeconomics Credits: (3) * OR
EC1002
ECON 102 - Principles of Macroeconomics Credits: (3) * OR
EC1001
EC 1003 (for St Andrews home students; students may not take both EC 1003 and ECON 331)
* St Andrews students with a strong high school background in economics may take EC1004 (20) instead of BOTH EC1002 and EC1001. This can only be done with permission of advisor and after successful completion of an online test.

Second Year

ECON 303 - Intermediate Microeconomic Theory Credits: (3) OR
EC2001
ECON 304 - Intermediate Macroeconomic Theory Credits: (3) OR
EC2002
ECON 307 - Principles and Methods of Statistics Credits: (3) OR
EC2203
ECON 331 - Introduction to Mathematical Economics Credits: (3)
OR EC1003 (20) (students may not take both EC1003 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 they must pass on the first attempt ECON 307 or EC 2203 and ECON 331 or EC1003.

Third Year

ECON 308 - Econometrics Credits: (3) OR
EC3301
At W&M, at least an additional 12 credits in Economics elective courses, or
At St Andrews, normally another 100 credits in EC3302-EC3309; EC4401-EC4425; EC4427-EC4429.

Fourth Year

Any ECON course with a COLL 400 designation

ECON 490 - Independent Study in Economics Credits: (3-4) or
ECON 495 - Honors Credits: (3) and
ECON 496 - Honors Credits: (3)
or
EC4498 (20) or EC4499 (40) - Dissertation (St Andrews)
At W&M, at least an additional 9-12 credits in Economics elective courses, or
At St Andrews, normally another 80 or 100 credits in EC3302-EC3309; EC4401-EC4425; EC4427-EC4429.