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Financial Economics Prerequisites
Undergraduate Certificate Program students
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Financial Economics
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Prerequisites
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Applications for fall 2009 admission to the Financial Economics Certificate Program will be due towards the end of the winter quarter, 2009.

Prerequisites for the Financial Economics Certificate
All Northwestern University undergraduate students who satisfy or are on track to satisfy the prerequisite courses may apply to the Financial Economics Certificate, regardless of their school or major. Ideally, students will take the calculus prerequisite during their freshman year and the probability and the econometrics/statistics prerequisites during their sophomore year. The microeconomics course may be taken in either the freshman or sophomore year. Typically, students submit their application at the end of their sophomore year, although juniors may apply as well.

Completing the prerequisites does not guarantee admission to the program. Admission is competitive and is based on grades, letters of recommendation and a short essay. Students should have completed at least five of the prerequisite courses before applying at the end of the winter quarter, and must complete all of them before entering the program in the fall. 
There are many different ways to satisfy the certificate prerequisites, and the most common ones are shown below. Some of the courses have their own prerequisites, which are determined by the department offering them. Interested students should check the Undergraduate Catalog or appropriate department for more details.

There are four prerequisite subject areas for the Financial Economics Certificate. Most of the prerequisite courses are offered by both WCAS and McCormick.

 

Prerequisite Subject Accepted Courses
1.Calculus and Linear Algebra

WCAS Courses:

  • Math 290-1,2,3 (MENU) or
  • Math 291-1,2,3 (MENU accelerated) or
  • Math 281-1,2,3 (for ISP students) or
  • Math 285-1,2,3 (for MMSS students) or
  • Math 230, 234 and 240*

McCormick Courses:

  • Honors Calculus ES-APPM 252-1 and 2 or
  • Honors Engineering Analysis GEN_ENG 206-1,2,3,4 or
  • Engineering Analysis GEN_ENG 205-1,2,3,4*
*Preference is given to students who have completed the honors sequence of these courses, although students who did not are encouraged to apply.
2. Probability

WCAS Courses:

  • Math 310-1 or
  • Math 383 (ISP) or
  • Math 385 (MMSS)

McCormick Courses:

  • IEMS 202 or
  • EECS 302
3. Econometrics/Statistics

WCAS Courses:

  • Econ 381-1 and 2 or
  • Math 386-1 and 2 (MMSS)
4. Microeconomics

WCAS Courses:

  • Econ 310-1 or
  • MMSS 211-1 (MMSS)

Download a printable checklist of prerequisites (PDF 57 KB)


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