Financial Economics Certificate Program Prerequisites and Corequisites
Northwestern University undergraduate students* who are interested in applying for the Financial Economics Certificate must complete a series of prerequisite and corequisite courses.
Prerequisite courses should be completed by the time applications are due in Winter Quarter. However, if necessary, one prerequisite course may be taken during Winter quarter of the application year. Students are encouraged to complete as many corequisites as possible prior to applying and during the application cycle, but many students will continue working on the corequisites during their first year in the program.
Beginning in academic year 202223, new prerequisite and corequisite requirements have been implemented for the Financial Economics and Managerial Analytics certificates. These changes will apply to all students applying to either certificate to begin in Spring 2023. This change has been implemented to increase accessibility to the program to students from a variety of majors and backgrounds
Students admitted to the Financial Economics Certificate prior to 202223 will still be required to complete the corequisite requirements set forth to them in their offer letter.
These requirements are outlined
here.
New Financial Economics Requirements
These advanced courses cover four subject areas:
Prerequisites:
 Calculus
 Microeconomics
Corequisites:
 Probability
 Econometrics/Statistics
Download the Complete Prerequisite and Corequisite Checklist (pdf)
Important Course Planning Notes for Prospective Students
Please take the following information into consideration when planning your major/elective courses.
 Students cannot earn credit for both ECON 360 Foundations of Corporate Finance Theory and FE 310 Principles of Finance or for both BUS_INST 304 Corporate Finance and KELLG_FE 310: Principles of Finance.
 Students interested in taking Civ_Env 205: Economics and Finance for Engineers must take the course prior to be admitted to the program. Students cannot earn credit for Civ_Env 205 if it is taken concurrently with or after KELLG_FE 310: Principles of Finance.
*The program does not accept applications from high school seniors, students attending other universities or other individuals who are not currently undergraduate students at Northwestern University.
Find out more about undergraduate admission at Northwestern University.
Prerequisites and Corequisites for Financial Economics Certificate  Option 1 "New Option"
Requirement 1: Calculus (Prerequisite)

Option 1: Regular Math 
MATH 2300 or MATH 2301 and

MATH 2340 or MATH 2302


Option 2: MENU 290 
MATH 2902 and 
MATH 2903 

Option 3: MENU 291 Accelerated 
MATH 2912 and

MATH 2913 

Option 4: ISP students only 
MATH 2811 and

MATH 2812 


Option 5: MMSS students only 
MATH 2852 and

MATH 2853 


Option 6: For McCormick students 
MATH 2300 or MATH 2281 and

MATH 2340 or MATH 2282











Option 7: For McCormick students 
Honors Calc. ES APPM 2521 and

Honors Calc. ES APPM 2522









Requirement 2: Microeconomics (Prerequisite)

Requirement 3: Probability (Corequisite)

Requirement 4: Econometrics/Statistics (Corequisite)

Option 1: 
ECON 3101*


Option 2: MMSS Students Only

MMSS 2111



























Option 1: 
MATH 3140*


Option 2:

MATH 3101*


Option 3:

MATH 3111*


Option 4:

STAT 3201*


Option 5: ISP Students Only

STAT 3830


Option 6: MMSS Students Only

MATH 3850


Option 7:

IEMS 2020


Option 8:

ELEC_ENG 3020


Option 9:

EECS 3020


Option 10:

BMD_ENG 3120


Option 11:

CHEM_ENG 3120



Option 1: 
ECON 3811*


Option 2: MMSS students only 
MATH 3861


Option 3:

IEMS 3030*** and

IEMS 3040


Option 4: 
STAT 3202 and

IEMS 3040


Option 5:

STAT 3202 and

STAT 3500


Option 6:

STAT 3830 (ISP only) and

STAT 3500 or IEMS 3040


Option 7: Data Science Minor Only** 
STAT 3011 or 3031and 
STAT 3012 or 3032 and 
STAT 3013 or 3033 

*ECON 201 and ECON 202 are prerequisites

*MATH 2260 is a prerequisite or corequisite for these courses. Please see the course catalog for more information.

*Refer to the Economics Department Website FAQ for information about Econ 3811 prerequisites
**Only available to students who are in the Data Science Minor. Students who have not been admitted to the Data Science Minor should not plan to pursue this option, as the minor has limited seats available.
***Students who take BMD_ENG 220 or CHEM_ENG 3120 do not need to complete IEMS 303; IEMS 304 is sufficient

FREQUENTLY ASKED QUESTIONS
Q: Do any of the prerequisite courses have their own prerequisites?
A: In most cases, yes consult the Northwestern Undergraduate Catalog or contact the appropriate academic department.
Q: Do I have to take all honors classes?
A: Equal consideration is given to students who take honors and nonhonors courses. Students may mix and match honors and nonhonors courses.
Q: In what school should I take my prerequisite and corequisite classes?
A: Most prerequisite and corequisite courses are offered in both the Weinberg College of Arts & Sciences and McCormick School of Engineering. Students may choose to take courses in either or both schools.
Q: Do I have to complete all prerequisites before I apply during Winter Quarter?
A: Students should complete the prerequisite courses prior to the Winter Quarter of the year in which they apply to the program. One prerequisite course may be taken during Winter quarter if necessary. This is often ECON 3101. In other words, if you are applying to begin in Spring 2023, you would complete your Calculus requirements by Fall 2022 and could choose to take ECON 3101 in Fall 2022 or Winter 2023.
Q: When do I need to complete the corequisite courses?
A: Students are encouraged to take as many of the corequisite courses as possible prior to applying, but many students will complete their corequisites over the first year of the certificate program.
Students applying as sophomores should work on corequisite courses during their sophomore year, including during the Winter quarter in which the application is due and the Spring quarter when they take their first Certificate courses.
Students applying as Juniors are strongly encouraged to begin corequisite courses during their sophomore year and complete them by the end of their Junior year. Students who apply as juniors but have not begun any prerequisites may find it difficult to complete both the corequisites and the certificate courses during their senior year.
All Certificate Program students must complete corequisite courses within one year of starting the program. Students are also responsible with familiarizing themselves with the Certificate course prerequisites, as some of the courses require that students have completed certain corequisite courses prior to beginning the course.
