Policies

Students scoring a five on the advanced placement microeconomics and advanced placement macroeconomics exam may petition the Director of Undergraduate Studies to waive the ECON 1 Principles of Economics course requirement. Students do not receive unit credit for placing out of ECON 1 Principles of Economics and must make up the five units with another economics course taken for a letter grade.

To use transfer credit in partial satisfaction of the requirements, the student must obtain written consent from the department’s Director of Undergraduate Study, who establishes the amount of credit to be granted toward the department requirements (see the Information Book for Undergraduate Economics Majors opens in a new tab). Students must have completed all Stanford prerequisites for approved transfer credit courses to use those courses toward the Economics major. See the department’s Transfer Credit website opens in a new tab for additional information.

Course prerequisites are enforced. Students taking courses to satisfy prerequisites in another department or institution must petition for Stanford course substitution or transfer credit approval to satisfy course prerequisites.