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 202
Econ Stats I

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

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
ECON 414 Urban Economics
ECON 415 Environmental Economics
ECON 417 Cost-Benefit Analysis
ECON 418 Health Economics
ECON 436 Economics of Coordination (Previously ECON 490 Economics of Coordination)
ECON 437 Game Theory
ECON 440 Economics of Labor Markets
ECON 442 Women in the Economy
ECON 447 Economics of the Workplace
ECON 448 Employee Compensation & Incentives
ECON 450 Development Economics
ECON 451 Program Evaluation in Developing Econ
ECON 453 The Economies of the Middle East and North Africa
ECON 455 Econ of Poverty Alleviation in Dev. Countries
ECON 460 Financial Economics
ECON 472 Financial Econometrics
ECON 480 Industrial Competition & Monopoly
ECON 481 Government Regulation of Economic Activity
ECON 482 Economics of the Digital Economy
ECON 483 Economics of Innovation & Technology
ECON 484 Law and Economics
ECON 490 Behavioral Economics
ECON 490 Consumer & Investor Protection
ECON 490 Economic Development & Migration
ECON 490 Economics of Organizations
ECON 490 Economics of Social Networks
ECON 490 Gender & Development
ECON 490 International Environmental Policy
ECON 490 Local Public Finance
ECON 490 Social Welfare, Income Inequality, and the Role of Government
ECON 490 Tech and the Future of Jobs
ECON 490 Valuation of Nonmarket Goods


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