An undergraduate education in economics focuses on learning to analyze the world in terms of tradeoffs and incentives—that is, to think like an economist. Students concentrating in economics begin, ordinarily, in their freshman year, with Economics 10a and 10b, the introductory courses in economics. Because marginal conditions hold a central place among economists' analytical tools, prospective economics concentrators are required to complete math at the level of Math 1a. Students who have already met this requirement may choose to continue their study of mathematics in order to prepare for courses that assume familiarity with more advanced topics in mathematics or for graduate study in economics. Students hoping to graduate with honors must complete additional math courses; see the specific requirements below. Freshmen are also encouraged to take the required introductory statistics course. The ability to interpret quantitative data and to understand statistical arguments is essential to understanding the economy. Students who have not completed this requirement their freshman year are advised to fulfill it their sophomore year.

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