Economics Prerequisite

While completed coursework in economics is not a requirement to apply to the Monterey Institute, we strongly recommend that students preparing to enter the program complete their economics study before matriculating to the Monterey Institute.  

Students enjoy a bit of downtime in the newly remodeled Center for Advising and Career Services.

Economics Prerequisite by Program

  • International Policy Studies (IPS) students must demonstrate proficiency in micro and macroeconomics before registering for International Economics: Trade (IPSG 8502) and Development Economics (IPSG 8551).  Students must demonstrate proficiency only in macroeconomics to register for International Economics II: Currency Cash Flow Crisis (IPSG 8503).
  • Public Administration (MPA) students must demonstrate proiciency in micro and macroeconomics before registering for International Economics: Trade (IPSG 8502), Development Economics (IPSG 8551), or Environmental and Natural Resource Economics (IEPG 8542).Students must demonstrate proficiency only in macroeconomics to register for International Econ II: Currency Cash Flow Crisis (IPSG 8503).
  • International Environmental Policy (IEP) students must demonstrate proficiency in microeconomics prior to taking Environmental and Natural Resource Economics (IEPG 8542).
  • Nonproliferation and Terrorism Studies (NPTS) students must demonstrate proficiency in macroeconomics before registering for Money Laundering and Terrorism Financing (NPTG 9555). This course is not required for the degree, but is of interest to many students in this field.

Meet Your Prerequisite

You can satisfy the economics prerequisite in two ways:

  • Provide transcripts showing completion of introductory micro and macro economics courses in the last three years. You must have earned a B or better in these courses.
  • Pass a preparatory intensive economics course offered at the Monterey Institute.

Economics Preparation Courses

    The Economics Preparation courses are offered twice a year.  Once in January and once in August.  The dates and times for these courses are released with the Spring and Summer Course Schedules.  Below you will see the most recent offering for Micro and Macro Economics.

    To register, new students will need to submit an Economics Preparation Registration FormEconomics Preparation Registration Form with payment to the Record's Office in the Casa Fuente Building. You may submit the form via fax, email, or in person. To pay by credit card please submit your form to the Record's Office and then call the Cashier's Office at (831) 647-6434 to provide credit card information.

    If you are a continuing student, please sign up for the course via BannerWeb during the active registration periods.

    For Summer 2014, all students must register for the course(s) by the following dates : Macro- Friday, August 1, 2014 and Micro- Thursday, August 7, 2014.  No refunds or cancellations will be permitted after the registration deadline.

    *** Please note that students cannot receive additional financial aid for these costs.  For futher questions in regards to this matter, please call the Financial Aid Office at (831) 647-4119.


    Course Schedule Summer 2014

    MACRO: ECPR 8501 A

    MICRO: ECPR 8500 A

    August 8-12, 2014

    10:00am-5:00 pm


    Professor: Moyara Ruehsen

    Fee: $450.00



    August 14-18, 2014



    Professor: Jason Scorse

    Fee: $450.00



    Required Book

    Naked Economics: Undressing the Dismal Science by Charles Wheelan, edition 2002 or 2010.
    ISBN: 978-0-393-33764-8

    Please have the entire book read prior to the start of your first course. Additional reading materials will be available via EReserve.


    Micro Economics Summer 2014: Micro Economic Syllabus Summer 2014Micro Economics Syllabus Summer 2014

    Macro Economics Summer 2014: Macro Economics Syllabus Summer 2014Macro Economics Syllabus Summer 2014