Microeconomics Track

Microeconomics: Concerned with understanding how individual persons and firms make choices. From a basic grounding in microeconomic theory, one can describe and predict the responses of consumers and firms to economic conditions and extrapolate from these individual choices to understand aggregate supply, demand, and price determination.

Economics Minor Worksheet

Prerequisites for Declaring Microeconomic Track:


Course: Requirements:
ECON 102
Micro Principles

ECON ILLINOIS GPA of 2.33 or above

  • At least one ECON course taken at ILLINOIS
  • Specific grades in ECON courses not required
  • AP/IB/Proficiency Credit accepted*
  • Approved substitutions may be used*
  • Transfer courses may be used*

*Only ECON courses at ILLINOIS counted in GPA

ECON 202
Econ Stats I
MATH 220
or 221 

Grade of C or Higher

  • AP/IB/Proficiency Credit accepted
  • MATH 234 (Business Calculus) or MATH 231 (Calculus II) may be used**
  • Transfer courses may be used**

Core Economics Requirements (12 credit hours)

ECON 102 – Microeconomic Principles


ECON 202 – Economic Statistics I or equivalent


ECON 203 – Economic Statistics II


ECON 302 – Intermediate Microeconomic Theory


Microeconomics Track (6 credit hours)

Two ECON 400-Level Microeconomics Elective Courses (See below)


Total Hours


400-Level Microeconomics Courses

The below courses are approved 400-level Courses for this Minor Track. Courses are not available every semester, and there may be limited availability within the courses as economics majors receive first priority to register.

ECON 402 American Economic History
ECON 411 Public Sector Economics
ECON 413 The Nonprofit Economy
(previously ECON 490 Nonprofit Econ)
ECON 414 Urban Economics
ECON 415 Environmental Economics
ECON 417 Cost-Benefit Analysis
ECON 418 Health Economics
(previously ECON 482)
ECON 437 Game Theory
(previously ECON 490 Game Theory)
ECON 440 Economics of Labor Markets
ECON 442 Women in the Economy
(previously ECON 490 Women in Economics)
ECON 447 Economics of the Workplace
(previously ECON 490 Econ of the Workplace)

ECON 448 Employee Compensation & Incentives
(previously ECON 490 Employee Comp & Incentives)

ECON 450 Development Economics
ECON 451 Program Evaluation in Developing Economies
ECON 453 The Economies of the Middle East and North Africa
(previously ECON 490 Econ of Middle East)
ECON 455 Econ of Poverty Alleviation in Dev. Countries
(previously ECON 490 Poverty Alleviation)
ECON 460 Financial Economics
(previously ECON 490 Financial Econ)
ECON 480 Industrial Competition & Monopoly
ECON 481 Government Regulation of Economic Activity
ECON 483 Economics of Innovation & Technology
ECON 484 Law and Economics
ECON 490 Social Welfare, Income Inequality, and the Role of Government
ECON 490 Econ of Organizations
ECON 490 Migration (Soon to be ECON 441)
ECON 490 Economics of the Digital Economy