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High School Preparation
High school students planning to major in economics at UC Santa Cruz need no special preparation other than the courses required for UC admission. However, they are encouraged to develop a strong background in mathematics.
Transfer Preparation
Students transferring to UC Santa Cruz may fulfill some of the requirements for the major by completing equivalent courses, with a grade of C or better, at another recognized institution. Transfer students must present course syllabi or descriptions to an Economics Department adviser. The department approves courses applicable for economics prerequisites and major requirements. All transfer students must complete the comprehensive requirement at UC Santa Cruz. UC Santa Cruz lower-division requirements in global economics are:
• Applied Mathematics and Statistics 5, Statistics
• Economics 1, Introductory Microeconomics: Resource Allocation and Market Structure
• Economics 2, Introductory Macroeconomics: Aggregate Economic Activity
• Economics 11A-B, Mathematical Methods for Economists (two quarters) (or equivalent)
While it is not a condition of admission, students from California community colleges may complete the Intersegmental General Education Transfer Curriculum (IGETC) in preparation for transfer to UC Santa Cruz.
Transfer course agreements and articulation between the University of California and California community colleges can be accessed on the ASSIST web site.
Recognition
Professor of economics Michael Hutchison is co-director of the Santa Cruz Institute of International Economics and a senior research fellow at the Economic Policy Research Unit at the University of Copenhagen. He has also worked as an economist at the Federal Reserve Bank of San Francisco and the Bank of International Settlements in Basel, Switzerland and has been a visiting scholar at the Bank of Japan, the Reserve Bank of New Zealand, and other institutions. Professor of economics Michael P. Dooley served for over 20 years at the Board of Governors of the Federal Reserve System and the Research Department of the International Monetary Fund before joining UC Santa Cruz.
Education Abroad Program (EAP)
The Education Abroad Program (EAP) offers economics undergraduate students the opportunity to study at more than 140 host universities and colleges in 34 countries as part of their regular UC academic program. Students receiving financial aid can apply their award to a program abroad. In addition, special scholarships are available for students going to some countries. Funds for small scholarships have been provided by alumni of the program and the UC Office of the President.
Careers
Administration
Banking
Business administration
Economic forecasting
Financial management
Government research
International economics
Law
Public policy
Statistical analysis
Teaching
These are only samples of the field’s many possibilities.
Major Elements
Major elements of the global economics major include foreign language study, area study, and study abroad. Students can meet the foreign language study requirement by completing two years of university-level language courses or by demonstrating an equivalent level of competence through a recognized language test. The major requires students to take two additional courses selected from the offerings of departments other than economics in order to learn about the history, political economy, or culture of some other part of the world. These can be lower- or upper-division courses; the courses should focus on the area of the student’s language study and overseas study. The Economics Department provides a list of approved courses, but substitute courses are welcomed when they are part of the student’s overseas program or from other UC Santa Cruz departments, and substitute courses must be approved by the adviser for the global economics major. All students are required to spend at least one term abroad in an approved course of study in their regional area of concentration; students may also choose a year-long program. Typically, a student will do this through the UC Education Abroad Program (EAP).
The major also requires five additional upper-division economics courses. Please see the UCSC General Catalog online or the Economics Undergraduate Handbook for more information.
Mathematics and Statistics Content Requirement
Successful completion of Economics 11A and 11B, Mathematical Methods for Economists (or equivalent; two quarters) is required of all economics majors and is prerequisite to Economics 100A, Intermediate Microeconomics and 100B, Intermediate Macroeconomics. (Course 11B, the second quarter of Mathematical Methods for Economists, can be taken concurrently with Economics 100A, Intermediate Microeconomics and 100B, Intermediate Macroeconomics.) Therefore, students are advised to take 11A-B, Mathematical Methods for Economists (two quarters) or its equivalent as early as possible in their undergraduate career. Mathematics 11A-B, Calculus with Applications (two quarters) with Mathematics 22, Introduction to Calculus of Several Variables or Mathematics 19A-B, Calculus for Science, Engineering, and Mathematics (two quarters) with Mathematics 22, Introduction to Calculus of Several Variables are acceptable equivalents to Economics 11A-B, Mathematical Methods for Economists. Students should not attempt to meet the requirement by combining courses from the economics and math sequences. Students must complete whichever sequence they begin. Students planning to do graduate work in economics or business should seriously consider more intensive mathematical training (consult adviser).
Economics Field-Study Program
The Economics Department offers its majors the opportunity to integrate their academic knowledge with career-related work. The field-study program places students in internships under the supervision of a faculty sponsor and a professional at the workplace. Students can select from a wide variety of field placements such as accounting firms, community non-profits, government agencies, brokerage firms, marketing agencies, banks, and businesses in Santa Cruz and beyond. Students apply and prepare for field study a quarter in advance. Acceptance into the field-study program is determined by academic standing, class level, and successful completion of Economics 100A, Intermediate Microeconomics, Economics 100B, Intermediate Macroeconomics, and Economics 113, Introduction to Econometrics. Students may earn a maximum of 10 academic credits and complete up to two quarters in a field placement.
Comprehensive Requirement
The comprehensive requirement may be satisfied in one of the following ways: (1) by passing a comprehensive examination administered by the Economics Department several times during the academic year; (2) in exceptional cases and with consent of an instructor, by completion of a senior thesis.
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Global_Economics07.pdf 
