Departmental Reviewer: Klara Peter,


The Department of Economics uses the following guidelines in approving the transfer of economics course credit from the study abroad:

  1. The transferable courses may include ECON 101 “Introduction to Economics” and calculus-based equivalents of ECON 400 “Introduction to Statistics and Econometrics”, ECON 410 “Intermediate Microeconomics”, and ECON 420 “Intermediate Macroeconomics”.
  2. Other transferable courses must have a calculus-based intermediate microeconomics and, if necessary, intermediate macroeconomics course as a prerequisite.
  3. The transferable course must be taught at an accredited university and counts toward an economics degree at this university. Courses at study abroad centers will be considered on a case by case basis. The Economics Department encourages students to study at accredited universities.
  4. The course uses a textbook based on intermediate level economics and/or the reading list that contains research articles from reputable, refereed economics journals.
  5. The course content should cover approximately the same amount of material as a similar economics course at UNC. If the course taken abroad covers less than 75 percent of the content of UNC economics courses, then partial credit (1 or 2 credit hours) can be granted, provided that the course content matches the rigor of UNC courses.
  6. The credit can be awarded for the calculus-based economics courses not being taught at UNC on a case by case basis. For example, such courses may include Law and Economics, Experimental Economics, Urban Economics, etc.
  7. The 400-level credit will not be given for business courses (e.g., Banking, International Business), geography courses (e.g., Asia-Pacific Economies, Economic and Social Geography of Russia), policy courses (e.g., European Economic Policy), descriptive courses (e.g., Italy and the European Union, Spain’s Economic Development), and economic history courses. Such courses may transfer as general education courses but not as 400-level economics courses.
  8. If the foreign institution offers two courses “Principles of Microeconomics” and “Principles of Macroeconomics” instead of one, both courses need to be taken to receive 4 credit hours for ECON 101 “Introduction to Economics”.
  9. To receive credit for a 500-level course, the course must have a research data/modelling component, and the student is required to submit a research paper for evaluation.
  10. Up to 9 credit hours can be transferred towards the economics major at UNC, with no more than 6 credit hours for 400-level elective courses.