College of Economics
Minor description

Economics is present in all human activities. All human activity engages within an economic system in which it seeks to coordinate with other activities. The subspecialization in Economics provides the student with the tools to deepen their understanding of how social coordination is achieved or fails. By using scarce means to achieve some purpose, all human activities can be studied using the concepts and tools of economics to obtain a more complete vision of individual and social phenomena.

The subspecialization in Economics enriches the understanding of fields as diverse as international relations, political science, law, anthropology, medicine, engineering, finance, administration, marketing, architecture, gastronomy, music, journalism, advertising, cinema, and health sciences, among others. The Economics subspecialization is designed to provide the student with a solid theoretical foundation in microeconomics and macroeconomics. Having laid these foundations, students must choose three courses from a wide range offered by the School of Economics. The student may follow one of the suggested themes or build their own subspecialization. Among the suggested topics, some seek to deepen the statistical and mathematical tools of economic analysis, while others propose a broader vision towards the rigorous application of the concepts of economics to different areas and social problems. It is important to mention that this minor is available to students from all USFQ majors.

In many cases, students may satisfy the prerequisites for subspecialty subjects with program courses, especially in majors with a mathematical and statistical focus. For more information on the courses that can be revalidated to satisfy the prerequisites, the student may contact the subspecialization coordinator.

Credit hours


The first two courses form the core of this subspecialization. Student must pass courses 1 and 2 with a minimum grade of B and the remaining courses must be passed with a minimum grade of C.

Courses 3, 4, and 5 may be any economics class with ECN code level 3000 or 4000. It is necessary to meet the prerequisites to take these elective classes. However, there are many economics classes that do not have prerequisites, those whose prerequisites are part of the subspecialization, or that may be validated by courses in the student's program.

Subspecialization Electives

Code Name
ECN 3004 Economic Thought
ECN 3088 Law and Economics
ECN 3082 Latin American Economics
ECN 4005 Development of Ecuador
ECN Contemporary Economic Issues
ECN Austrian Economics
ECN 3085 Management Economics
ECN 4001 International Economics
ECN 3202 Intermediate Macroeconomics
ECN 2102 Intermediate Macroeconomics
ECN 2301 Mathematical Economics 1 +Ex
ECN 2302 Mathematical Economics 2 +Ex
ECN 3002 Game Theory
ECN 3087 Industrial Organization
ECN 3401 Econometrics 1 +Ex
ECN 3402 Econometrics 2 +Ex
ECN 4002 Environmental Economics and NRN
ECN 4004 Monetary and Fiscal Policy
ECN 3086 Public Economics
ECN 3103 Advanced Microeconomics
ECN 4203 Advanced Microeconomics
ECN 4003 Experimental Economics
ECN 3081 Behavioral Economics

There are several suggested topics that the student can follow based on their interests in order to obtain their subspecialization in economics:

Suggested topic: Quantitative Analysis

       3. Intermediate Microeconomics
       4. Econometrics 1
       5. Econometrics 2

Suggested topic: Law and Political Economics

       3. Game Theory
       4. Law and Economics
       5. Public Election Theory

Suggested theme: Environment and Public Goods

      3. Intermediate Microeconomics
      4. Environmental Economics and Natural Resources
      5. Public Election Theory

Suggested topic: International Economics

      3.Game Theory
      4. International Economics
      5. History of Economic Thought

Suggested theme: Politics, Philosophy, and Economics

      3. Law and Economics
      4. History of Economic Thought
      5. Austrian Economics or Theory of Public Election

Suggested theme: Applied Economics

      3. Econometrics
      4. Public Economics 4. Management Economics

Suggested topic: Economic organization

      3. Intermediate Microeconomics
      4. Game Theory
      5. Industrial Organization

Suggested topic: Behavior

      3. Intermediate Microeconomics
      4. Game Theory
      5. Experimental Economics or Behavioral Economics

Suggested topic: Macroeconomics

      3. Intermediate Macroeconomics
      4. International Economics
      5. Advanced Macroeconomics

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