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School of Education

Economics Major and Minor Requirements

Faculty advisor: Professor Alan Lockwood, 256A Teacher Education, 263-6262, lockwood@education.wisc.edu

Important: The School of Education is now offering a new and innovative teacher licensing program in secondary education. Licensing in middle and high school English, Mathematics, Science, and Social Studies is now obtained by completing a master’s degree program in the Department of Curriculum and Instruction. Graduates are awarded a master’s degree along with certification in their subject area(s) and certification in English as a Second Language (ESL).

This new structure means that students at UW–Madison become certified to teach these subjects only through graduate-level course work, not as undergraduates.

Information about the new program (e.g., licensing areas, requirements, application process, prerequisite course work and tests, deadlines, and program selection) is available on the Curriculum and Instruction website

Advising staff in the School of Education's Academic Services Office, 139 Education Building, 608-262-1651, can also answer questions and confer with students about the new program.

The major and minor requirements listed below are provided only for (1) secondary students admitted into the undergraduate program fall 2013 or before, and for (2) elementary education students wishing to complete a minor in this subject.

Economics Major Requirements

Complete a minimum of 34 credits. The credits required for program admission must be chosen from courses listed under this heading. At least 15 credits of upper-level major course work (numbered 300–699) must be taken in residence on the UW–Madison campus. Students may also wish to consult with an undergraduate economics advisor, 7238 Sewell Social Science Building, Science, 262-6925. Additional information can be found at the department's website. Courses are Economics unless otherwise indicated.

Students completing the Economics major must complete at least one semester of calculus. Mathematics course work may be applied toward the liberal studies requirement.

  • Choose one:
    • 101 Principles of Microeconomics, 4 AND 102 Principles of Macroeconomics, 3
    • 111 Principles of Economics—Accelerated Treatment, 4 (a combination of Micro and Macroeconomics)
  • Intermediate Microeconomic Theory. Choose one:
    • 301 Intermediate Microeconomic Theory, 4
    • 311 Intermediate Microeconomic Theory—Advnaced Treatment, 3
  • Intermediate Macroeconomic Theory. Choose one:
    • 302 Intermediate Macroeconomic Theory, 4
    • 312 Intermediate Macroeconomic Theory—Advanced Treatment, 3
  • Complete one of Econ 330 Money and Banking, 4, or Econ 464 International Trade and Finance, 3.
  • Students may also select from Econ 410, 441, 448, 450, 467, 468, 475, 508, 521, 522, 548, 590, 664, 665, or 666.
  • Statistics 3–4 credits. Choose one or an approved substitute:
    • Econ 310 Measurement in Economics, 4
    • one of Stats 224, 301, 309, 311, 313 Gen Bus 303
  • Additional credits to total 34 selected in consultation with the undergraduate advisor in the Department of Economics.

Note: Students interested in studying and teaching in a number of social studies disciplines may wish to combine the major listed here with a major in Broad Field Social Studies. This combination allows an individual to develop a depth of study in a particular area of interest while acquiring a broader understanding of the social sciences. The ability to teach a number of social studies courses may increase employment opportunities and this combination will also provide a foundation for certification in additional social studies subject areas at a later date.

Economics Minor Requirements for Elementary and Secondary Students

The Economics minor may be completed by students in Secondary Education Social Studies or Elementary Education licensing programs. A minimum cumulative grade point average of 2.75 is required, based on all Economics minor course work taken on the UW–Madison campus. The graduation grade point average may be modified by the last 60 credits rule.

Secondary Education students may select this minor only if completing a major in another Social Studies certification area. It is not possible to be certified only in a minor area. Interested Secondary Education students must apply and be admitted to the Social Studies program. Admission is limited and competitive. See additional information under the major of choice.

All Secondary students, whether completing their first degree or adding on a teaching minor to a prior certification, should expect to complete a methods course, participate in practicum and student teaching experience, and earn passing scores on a content exam to be recommended for certification. Students wishing to complete a minor must consult with the faculty advisor/program coordinator to discuss its field experience component.

The Economics minor requires a minimum of 24 credits. Complete the core courses required for the Economics major (above) and any additional credits (if needed) to total 24 credits.

This page was updated 9/22/14.