Frequently Asked Questions for Undergraduate Students
Policies for the Undergraduate
A-level, IB or other high school economics credits: Acceptable Advanced
Placement (AP), A Level, International Baccalaureate (IB), or equivalent
credits place students out of one or both of Introduction to Macroeconomics
(ECON-UA 1) and Introduction to Microeconomics (ECON-UA 2)—formerly Economics
Principles I, II—and also count towards the total number of courses required
for the major or minor. Students must get these credits approved by CAS.
Acceptable grades for the economics department are below:
NYU course/s that students are
placed out of
Any other equivalent credits would be
evaluated on a case-by-case basis. Students should meet their CAS advisor.
for Economics (MFE) I & II: For students who entered NYU in Fall 2012
or later, this two-semester course sequence must be taken at NYU as early as
AP or equivalent calculus credits are not a
replacement for the MFE courses.
Calculus I & II or placing out of one or
both of these calculus courses does not allow students to place ahead in this
two-semester course sequence.
MFE I is a pre-requisite for MFE II.
MFE II is a pre-requisite for Intermediate
counting one course for more than one major or minor: In general, students are
not allowed to double-count one course for more than one major or minor. Rare
exceptions require the approval of the Directors of Undergraduate Studies of
In addition, it is the economics department policy that if a non-economics
course is used to fulfill the requirements of the economics major or minor then
students need to take an additional economics elective. The total number of
economics courses taken must be ten (10) for the major and six (6) for the
Grade Requirements: A minimum grade of C is required for a course to count
towards the major. Graduating seniors should be especially careful of this
grade requirement. Graduating seniors will be unable to graduate if they
receive a C- or below in an economics course. They will need to repeat the
course, or take another economics course, at NYU over the summer or during the regular
semester. Students who enter NYU in Fall 2012 or later should pay close
attention to NYU’s policy on repeating courses, below.
of Courses: The economics department follows the CAS policy on the repetition
of courses. The CAS Bulletin states:
student who has taken a course for credit or who has obtained a W in a course
is permitted to repeat that course once. Students may not repeat more than two
courses during their undergraduate careers. Students may not repeat courses in
a designated sequence after taking more advanced courses. The departments
determine the sequencing of courses. Students with questions regarding the
repetition of courses or course sequences must consult with the particular
department offering the course. When a student repeats a course, no additional
credit will be awarded. Both grades will be recorded and computed in the grade
point average. (Students who entered CAS before Fall 2012 should consult this
section of the CAS Bulletin for the year they matriculated in the College to
find the course repeat policy applicable to them.)”
Micro and Intermediate Macro (for students entering NYU Fall 2012 or later):
The rules on the intermediate courses below are not applicable to students who
entered NYU prior to Fall 2012.
To pursue honors in economics, students must first register for the Honors
Tutorial course in the Fall and then the Honors Thesis course in the Spring
semester. These two courses cannot be taken out of sequence. For honors,
students must meet the criteria below without exception.
3.65 GPA in economics
3.65 GPA in the college
Topics in Econometrics or Introduction to
Econometrics MUST be successfully completed prior to beginning the Honors
Tutorial course in the Fall semester.
Students interested in pursuing honors should plan their major out
carefully to ensure that they meet the prerequisites. Students must meet a departmental advisor to declare honors
in their junior year.
Taken Outside of the NYU System: Students who are interested in taking
economics courses outside of the NYU system:
obtain permission from the CAS Dean’s office before contacting the department.
obtain approval for economics courses to count towards the major or minor before
If the CAS Dean’s office permits a student to take courses at a non-NYU
university, in the US or abroad, then students should contact the economics
department to obtain approval for the transfer of economics courses. Please
take careful note of the following:
In the (extremely) rare cases that students have
received permission to take economics courses at a non-NYU university, it has
been one 200-level elective that is not offered at NYU. Students must provide
the department with a detailed course syllabus as well as information about any
economics pre-requisite courses.
CAS approval does not automatically imply that
students will get credit for the major. Economics courses must still be reviewed
and approved by the department. CAS approval and department approval are two independent
processes. Both approvals are necessary for economics courses to count towards
the major or minor.
Economics course approvals are required for courses at NYU Exchange or Partner Universities.
Complete the Economics Transfer Request form,
which you can obtain from Mr. Andrew Whitney or Mr. Corey Brown.
taken in different CAS departments or schools at NYU: Requests for
economics courses to be taken outside the department of economics must be
approved economics courses. Please take careful note of the following:
In the (extremely) rare cases that students are
given credit toward the major for economics courses taken outside the
department, it is limited to one 200-level elective not offered by the
The course must have been approved before the
student registered for the course. A full syllabus for the course must be
presented for approval.
Grade Distribution The
Economics Department has agreed to coordinate grading practices in the interest
of fairness to students and to avoid non-intellectual incentives to take or
avoid courses. We have asked all teachers of courses to conform approximately
to the following distribution. Deviation of plus or minus five percentage
points is considered within the normal bounds:
the marking procedure, the distribution of final grades for large classes
should fall reasonably
closely to the
curve described above. In small classes, the distribution of grades may differ more widely
from the above recommendations.
The College’s policy on cheating, as set out in the CAS Bulletin, states in part
“The penalty for
academic dishonesty is severe. The following are the procedures as approved by
the Faculty of Arts and Science.
If a student
cheats on an examination or in laboratory work or engages in plagiarism,
appropriate disciplinary action should be taken. The department can take the
(a) The faculty member, with the approval of
the director of undergraduate studies (director), may reduce the student's
grade or give the student an F in the course.
(b) If after lowering the grade or assigning
an F the department believes a more severe penalty (i.e., probation,
suspension, expulsion) is warranted, it can refer the case to the dean or his
or her representative (associate dean for students) for further action.
In all cases of
either (a) or (b), the director shall inform the department chair of any action
in writing and send copies of this letter to the dean and to the student. […]”
In the case of a first offense, the
dean will send a letter to the student warning of a one-semester suspension or
more severe penalty, if a second offense occurs. For more information, see the Bulletin.
Credit It is against the policies of both the department and CAS to give
students an opportunity to earn extra credit. Giving some students the
opportunity to earn extra credit is not fair to other students: all students
should be treated equally and assessed strictly in accordance with the protocol
laid down in the course syllabus.
When a student receives an Incomplete grade the unfinished work must be
completed and a letter grade submitted by the end of the semester following the
one in which the course was taken. Exceptions may be granted when the student
has taken a medical leave following the semester in which the Incomplete was
The economics department offers academic credit for internships as a form
of independent study if they satisfy the Department of Labor test for an unpaid
internship. The following six criteria must be applied when making this
The internship, even though it includes actual
operation of the facilities of the employer, is similar to training which would
be given in an educational environment;
The internship experience is for the benefit of
The intern does not displace regular employees,
but works under close supervision of existing staff;
The employer that provides the training derives
no immediate advantage from the activities of the intern; and on occasion its
operations may actually be impeded;
The intern is not necessarily entitled to a job at
the conclusion of the internship; and
The employer and the intern understand that the
intern is not entitled to wages for the time spent in the internship.
Study needs the permission of the Director of Undergraduate Studies (DUS).
Here are the steps you must take before seeking approval from the
Find a supervisor, who will normally be a member
of the regular faculty in the Department of Economics.
Draw up, with the supervisor’s help, a complete
and detailed plan of study consisting of
a reading list,
weekly schedule of activities, including reading, writing, meetings,
experiments, data collection, data analysis, etc.,
description of the final product (essay, theorems, lab report) and
method of evaluation.
Demonstrate adequate preparation for independent
study, in terms of the courses you have already taken and your GPA in the
economics major (normally 3.5 or above).
Complete the Independent Study application form,
which you can obtain from Mr. Andrew Whitney or Mr. Corey Brown.
Independent Study is not for
everyone. It takes discipline and hard work to complete a course of independent
study that is equivalent, in terms of content and intellectual rigor, to one of
the regularly scheduled courses offered by the department; but it can be
rewarding for the rare student who is ready and able.
N.B.: Independent study does not count
towards the major in economics. It only counts for College credit.