Requirements of the undergraduate economics major: An update and comparison

Abstract

The undergraduate economics curricula for most of the 793 U.S. colleges and universities that conferred an economics bachelor’s degree in 2019 are described in this article. Besides updating the prevalence of the economics major core requirements and their differences by institution type, the authors record new information on requirement variations across economics degree types, as classified by the National Center for Education Statistics, including STEM-designated degree types. They also investigate the prevalence of calculus-based intermediate courses and find that 63 percent of economics degrees require calculus for intermediate microeconomics and macroeconomics. In addition, 67 percent of degrees require single-variable calculus, 10 percent require multi-variable calculus, and 54 percent require basic econometrics (up from 41% in 2010). These requirements also vary highly by degree type.