Bachelor of Arts (B.A.) Economics
Perhaps the best way to understand the world you live in is to understand the economics that drive it. The world is constantly and increasingly confronted with public policy issues that are essentially economic in character. Economic analysis provides a coherent and logical ordered framework for examining these issues and understanding the tradeoffs involved in attempting to solve social and business problems. The study of economics will enhance your fundamental analytic and quantitative skills. The curriculum strives to not simply just provide a very good undergraduate education for people interested in studying economics but also provides skills to pursue a wide variety of careers in both the public and private sector. It leads naturally to careers in business, law, and in economics research and consulting, as well as provides a solid foundation for students who will pursue an MBA degree. Students who wish to attend graduate school in economics should take courses in mathematics beyond the requirements of the economics program. The economics faculty at NYU Shanghai offers a rare combination of excellence in research and teaching. Many of the economics courses offer the advantage of a liberal arts college setting, including small class sizes and significant interaction between faculty and students. The economics curriculum at NYU Shanghai is designed to introduce students to these fundamental dynamics of human life and, in doing so, is grounded in three basic pedagogical principles:
• Undergraduate students must be exposed to the “big ideas” and pressing social issues of our world and given economic frameworks for thinking about them.
• Meaningful study of economics requires being able to think about problems from local, regional, and global perspectives. Understanding how individuals make decisions also requires incorporating insights from neuroscience and psychology.
• Effective economic analysis increasingly involves both conducting and effectively communicating the results from quantitative analyses of data using econometric methods.
Building on these principles, the Economics major is designed to foster rigorous analytical abilities, critical writing and communication skills, and the capacity to interpret and use statistical data—all in the service of developing sound economic reasoning and problem-solving skills. These transferable strengths are of value in a broad array of academic and professional paths, from economics, business, or law, to public service or graduate studies.
Faculty Mentor
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Prof. Ryo Okui Email: okui@nyu.edu | Profile |
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Prof. Pei Gao Email: p.gao@nyu.edu | Profile |
Economics Students Testimonials
“Many, if not most, of the nation’s and the world’s most significant social problems have an economic dimension. The study of Economics has fascinated me to understand the macroeconomic problems such as poverty, unemployment, inflation etc. and their inter-connectivity with each other. I think that majoring in Economics also helps to keep future options open. The study of economics is an excellent way to acquire problem-solving skills and develop a logical, ordered way of looking at a problem which naturally leads people to careers in business, law, and in economics research and consulting. Many people believe that Economics can act as a standard pre-business major, because it provides insight into the operation of individual markets for goods and services, financial markets, and the global economic system, and because it provides the quantitative and analytical skills that enable students to succeed in a wide variety of business activities. ” – Raza Haider Naqvi, Class of 2018
“At first, I wanted to major in Humanities. However, I found that English was a great barrier that I couldn’t overcome very soon. What’s more, Humanities has many factions which are extremely different from each other. Only a few factions, which is not provided at NYUSH, attract me. Thus I chose the second best choice, Economics, as my major. Economics is a subject which contains endless philosophical and mathematical thoughts. It’s also a subject, depending on the genre, which potentially strongly connects to many other subjects. Economics has a mystery which helps you rediscover yourself and the world. What’s more, if you don’t know whether you would like to work as a scholar or work in a company, Economics is a good choice for you because you have different directions to choose from in the future. ” – Xuechen Yang, Class of 2018
Recommended Courses in Spring 2018 for Freshmen:
| Microeconomics/Macroeconomics |
| Statistics for Business and Economics |
| Writing as Inquiry |
| EAP/Chinese |
Recommended courses in Spring 2018 for Sophomores:
| Intermediate Microeconomics |
| Intermediate Macroeconomics |
| Econometrics |
| Core/Chinese |
Degree Requirements – 2017-18 Bulletin
*=offered in Spring ’18 in Shanghai
| PREREQUISITE COURSES: 4 Credits | |
| MATH-SHU 121 Calculus* or MATH-SHU 201 Honors Calculus | 4 Credits |
| REQUIRED ECONOMICS COURSES: 24 Credits (All Six) | |
| BUSF-SHU 1 Statistics for Business and Economics*
OR MATH-SHU 235 Probability and Statistics* (Prereqs: Calculus) OR Some other courses in Statistics |
4 Credits |
| ECON-SHU 1 Principles of Macroeconomics* or ECON-SHU 251 Economics of Global Business* | 4 Credits |
| ECON-SHU 3 Microeconomics* (Prereq: Calculus or Honors Calculus) | 4 Credits |
| ECON-SHU 10 Intermediate Microeconomics | 4 Credits |
| ECON-SHU 202 Intermediate Macroeconomics* | 4 Credits |
| ECON-SHU 301 Econometrics* (Prereq: Stats) | 4 Credits |
| ADVANCED ECONOMICS ElECTIVES: 8 Credits (Choose Two) | |
| ECON-SHU 201 Mathematics for Economists (substituted by taking both Linear Algebra & Multivariable Calculus) | 4 Credits |
| ECON-SHU 225 Advanced Economic Theory (Prereq: Intermediate Microeconomics) | 4 Credits |
| ECON-SHU 409 Advanced Topics in Macroeconomics | 4 Credits |
| ECON-SHU 416 Game Theory: Advanced Applications* (Prereq: Intermediate Microeconomics) | 4 Credits |
| ECON-SHU 423 Econometrics for High Dimensional and Financial Data | 4 Credits |
| ECONOMICS ELECTIVES: 16 Credits (Choose Four) | |
| BPEP-SHU 238 International Economics* | 4 Credits |
| BPEP-SHU 9042 Political Economy of East Asia* | 4 Credits |
| ECON-SHU 215 Economic History* | 4 Credits |
| ECON-SHU 216 Introduction to Game Theory | 4 Credits |
| ECON-SHU 238 Modern Economic Growth: Explore China* | 4 Credits |
| ECON-SHU 306 Economics of Education | 4 Credits |
| ECON-SHU 316 Industrial Organization* | 4 Credits |
| ECON-SHU 332 Monetary Economics | 4 Credits |
| ECON-SHU 335 Development Economics (Prereq: ECON-SHU 1 Prin of Macroecon AND ECON-SHU 3 Microeconomics AND ECON-SHU 301 Econometrics) | 4 Credits |
| ECON-SHU 338 International Economics | 4 Credits |
| ECON-SHU 342 Behavioral Economics* | 4 Credits |
| ECON-SHU 349 Health Economics | 4 Credits |
| ECON-SHU 351 Labor Economics | 4 Credits |
| ECON-SHU 353 Public Economics | 4 Credits |
| ECON-SHU 355 Law and Economics | 4 Credits |
| ECON-SHU 360 Experimental Economics (Prereq: ECON-SHU 10 Intermediate Microeconomics) | 4 Credits |
| ECON-SHU 368 Financial Economics* | 4 Credits |
| ECON-SHU 5 Math for Econ 1: Optimization* | 2 Credits |
| ECON-SHU 997 Economics Independent Study* | 4 Credits |
Minor Requirements – 24 Credits
| Required Courses: 24 Credits | |
|---|---|
| ECON-SHU 1 Principles of Macroeconomics* | 4 Credits |
| ECON-SHU 2 Principles of Microeconomics/ECON-SHU 3 Microeconomics* | 4 Credits |
| BUSF-SHU 1 Statistics for Business and Economics* | 4 Credits |
| ECON-SHU 10 Intermediate Microeconomics OR ECON-SHU 202 Intermediate Macroeconomics* |
4 Credits |
| Two additional 4-point courses from the Economics elective list |