MECN 430 Waiver Information
Course Title:
Microeconomic Analysis
Waiving out of MECN430
The waiver policy is an imperfect proxy for determining whether you have mastered the material to be covered in MECN 430 elsewhere. It does not determine if you remember it well enough to apply. Courses that build on MECN 430 (like MECN 441 and MECN 446 for example) assume not just exposure to the content of MECN 430 but familiarity and fluency. For this reason, you are advised to attempt the screening test (found in the document mecntest.doc). If you find the test a struggle to understand, you are advised not to waive out of MECN430.
You can either be granted a partial or full waiver from MECN 430. A partial waiver from MECN 430 means that you do not have to take MECN 430, however, you must, within your first four quarters at Kellogg, take an economics course from the following list:
MECN-441 Competitive Strategy and Industrial Structure
MECN-446 Pricing Strategies
MECN-450 Macroeconomic Analysis for Management
DECS-452 Strategic Decision Making
A full waiver from MECN 430 is only granted by passing the waiver exam that is given in the fall quarter. A full waiver means that your managerial economics requirement is satisfied without need for further course work in this area.
Partial Waiver Policy
A partial waiver is granted based on previous course work or by passing the waiver exam that is given in the fall quarter. To find out whether you qualify for a partial waiver identify the category you belong to and then read on.
Students with undergraduate degrees from a US University with a major in Economics
A student must have completed a course in “Intermediate Microeconomics” with a grade of B- or better (i.e., B-, B, B+, A-, A or A+).
A waiver is granted only under the aforementioned conditions. In particular, having brilliantly completed “Introductory Microeconomics” or “Principles of Economics” is not sufficient.
Before seeking a waiver, you are urged to try and answer the questions in the screening test that appears at the end of this document. If you have difficulty with any portion of it, then waiving MECN 430 is not advised.
If you believe you qualify, make an appointment and bring with you :
- A copy of your undergraduate transcript
Students with undergraduate degrees from a US University with NO major in Economics
A student must have completed a course in “Intermediate Microeconomics” with a grade of A- or better.
A waiver is granted only under the aforementioned conditions. In particular, having brilliantly completed “Introductory Microeconomics” or “Principles of Economics” is not sufficient.
Before seeking a waiver, you are urged to try and answer the questions in the screening test that appears at the end of this document. If you have difficulty with any portion of it, then waiving MECN 430 is not advised.
If you believe you qualify, make an appointment and bring with you :
- A copy of your undergraduate transcript
- A copy of the syllabi of relevant courses
Students with undergraduate degrees from a non-US University that follow the US system (e.g. The Netherlands).
See above.
Students with undergraduate degrees from a non-US University that follows the British system (e.g. UK, Australia, Malaysia etc.) with honors degrees in Economics.
A student must have completed a course in “Intermediate Microeconomics” with a grade of B- or better (i.e., B-, B, B+, A-, A or A+). In the event that individual grades are not given, an upper second or better.
Before seeking a waiver, you are urged to try and answer the questions in the screening test that appears at the end of this document. If you have difficulty with any portion of it, then waiving MECN 430 is not advised.
- If you believe you qualify, make an appointment and bring with you :
- A copy of your undergraduate transcript
- A copy of the syllabi of relevant courses
Students with undergraduate/masters degree from a non-US University that follows another system (Japan, Europe, South America, etc.) Students with graduate degrees with a substantial social science component.
If the student believes that his/her record satisfies the equivalent of one of the requirements described above, s/he is advised to consult the MEDS department.
Before seeking a waiver, you are urged to try and answer the questions in the screening test that appear at the end of this document. If you have no difficulty with any portion of it, and you can identify relevant course work that you have taken that most closely fits the material in this test, If you believe you qualify, make an appointment and bring with you:
- A copy of your undergraduate transcript
- You may still be required to take a waiver exam.
- A copy of the syllabi of relevant courses
The Various Species of MECN430
Students sometimes ask about the difference between MECN430, MECN435 (“High Quant”) and MECN436 (“Turbo”); here is a short explanation:
- 430: Basic coverage of microeconomics with business applications, including introductory game theory. The textbook is that of Besanko and Braeutigam.
Sections of this course are scheduled for the Winter and Spring quarter.
- 435: (High Quant) This course will not be offered this year (2004-2005).
- 436: (Turbo) Assumes some prior exposure to economics and fluency (not just prior exposure) with basic calculus. This course has similar coverage as MECN 430 but tends to treat topics in greater depth, and covers some additional topics. This course is especially suitable for students with an analytic background and for those with strong interest in a consulting career. The course will not be offered this year (2005-2005).
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