PECO Major Requirements

PECO majors must satisfy the following requirements.

Course Requirements

Three of the Following Four Government Courses:

  • International Relations (GOVT-060)
  • U.S. Political Systems (GOVT-020)
  • Elements of Political Theory (GOVT-080)
  • Comparative Political Systems (GOVT-040)

Microeconomic Theory (ECON-101)

Either Macroeconomic Theory (ECON-102) or International Finance (ECON-244)

Economic Statistics (ECON-121) 

Econometrics (ECON-122)

Core Political Economy Courses

Analytical Tools for Political Economy (PECO-201) The prerequisites for this class are Microeconomic Theory (ECON-101) and one of foundation government courses. Note: ECON-101 has Microeconomic Principles (ECON-001) and Elementary Calculus (MATH-035) as prerequisites.

Capstone in Political Economy (PECO-401)

International Political Economy (GOVT-261) is not required but is strongly recommended.

Electives (2) for Political Economy

Please see a comprehensive list of electives available for PECO majors.


ECON 101/103 should be completed during sophomore year, since it is a pre-requisite for PECO 201. ECON 121 should be completed by the first semester of junior year, since it is a pre-requisite for ECON 122. GOVT 261 targets sophomores and juniors. It is offered once a year, in either of the semesters. Students going abroad in the junior year should look into taking GOVT 261 in the sophomore year, as long as GOVT 060 International Relations has been completed.

Analytical Tools for Political Economy (PECO-201) is designed to introduce majors to the methods used in the discipline along with their applications. Therefore it should be taken in the junior year. Because Intermediate Microeconomics (ECON-101/103) is a prerequisite for this course, all majors are urged to take Intermediate Microeconomics in the sophomore year. (Note that ECON-101/103 has calculus as a prerequisite.)

Analyzing data, whether to test hypotheses or to summarize trends, is an important part of studying international political economy. As a result, all majors are required to take statistics and econometrics, and are encouraged to do so as early as possible, preferably no later than the end of their junior year. (Statistics and econometrics are essential in writing the senior thesis in PECO-401.)

Study Abroad

One or both electives in support of the Political Economy major can be taken abroad with prior approval by the department. To obtain approval please submit a syllabus for the course for which you wish to receive credit to either Profs. Roger Lagunoff in the Economics Department or Nita Rudra in the Department of Government.

Departmental Honors

In order to graduate with honors in Political Economy, a student must:

  • Earn a cumulative grade point average of 3.33 and a grade point average of 3.67 in the major by the date of graduation.
  • Write an honors-quality thesis in the Capstone Course PECO-401. The paper must receive a grade of A from the professor(s) teaching PECO-401 and must also be approved as of “honors quality” by a designated committee.

Please see a comprehensive list of Political Economy Course.