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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.

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)

Major Computing Requirement:

Either course in introductory statistics (e.g. ECON307, EC2003).

Major Writing Requirement:

Either course in Econometrics (e.g., ECON308, EC3202).

Core requirements:

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

1.  In year 1, 1 course in Introductory Microeconomics (ECON101or EC1002) & 1 course in Introductory Macroeconomics (ECON102 or EC1001)

2.  In year 2, 1 course in Intermediate Microeconomics (ECON303 or EC2001), 1 course in Intermediate Macroeconomics (ECON304 or EC2002), 1 course in introductory statistics (ECON307 or EC2003), & 1 course in Introductory Mathematical Economics (ECON 331 or EC2004)

3.  In year 3, Advanced Microeconomics (ECON461, plus either ECON420 or ECON403; or EC3201); Advanced Macroeconomics (ECON411 & ECON476, or EC3203); Econometrics (ECON308 or EC3202); and Economics Elective courses.

4.  In year 4, Advanced Economic Analysis (ECON 410, plus either ECON483 or ECON484; or EC4201); Advanced Econometrics (either ECON407 or ECON408, or EC4202); an Individual or Group Research Project at William and Mary (e.g., ECON495 & ECON496), or Dissertation (St Andrews); and 2 Economics Elective courses.

Faculty contact:

Martin Schmidt
Department of Economics