Equivalency Exams

Equivalency Exams Information

The 2014-15 Equivalency Exams are administered, without exception, twice during the academic year. No alternate dates are available.

  • During the fall term Orientation Period -- the morning of Friday, August 29, 2014, and

  • During the spring term Orientation Period -- the morning of Thursday, January 8, 2015.

EQUIVALENCY EXAMS DATES/TIMES/ROOM LOCATION

JANUARY 8, 2015

9:30-10:30 AM:  Economics (E201) Equivalency Exam in Cabot 206                                                               
* No calculator is allowed for the Economics (E201) Equivalency Exam.
* No notes, books, phones, or computers are allowed.

10:30 AM-12:30 PM: 
Quantitative Reasoning (E210m & B205/B206) Equivalency Exams in Cabot 206

* No calculator is allowed for the Quantitative Reasoning E210m Equivalency Exam.
* No notes, books, phones, or computers are allowed.
* A non-scientific calculator is allowed for the B205/B206 Equivalency Exam.

Note:
The Economics (E201) Equivalency Exam and the Quantitative Reasoning (E210m & B205/B206) Equivalency Exams are offered, without exception, only during the Orientation periods (August 29, 2014) and (January 8, 2015).  No alternate dates are available.

Be sure to review the Equivalency Exams Information Sheet, as well as the B205/B206 Useful Expressions Information Sheet for Statistics.

MIB Students, please scroll toward the bottom of this page and review the Important to Note information.


Students are not required to take the Equivalency Exams, although it is strongly recommended.  If you have a foundation in Economics, Statistics and/or Quantitative Methods, you may want to try one or all of these Equivalency Exams in an attempt to either satisfy the Quantitative Reasoning (QR) Breadth Requirement, and/or by being able to take a higher level Economics course in order to satisfy the Economics Divisional (EIB) Breadth Requirement.

  • Please note LLM and MA students may take the Equivalency Exams but passing any will neither satisfy any Breadth Requirement nor provide any course waiver.

  • PhD students are required to pass either the B205 or B206 Equivalency Exam and take E213: Econometrics as part of the Methodology Requirements.

About the Economics Equivalency Exam


Each MALD student is required to take EIB E201: Introduction to Economic Theory (offered in fall and spring semesters), which fulfills the Economics (EIB) Divisional Breadth Requirement. 

If you elect to take the Economics Equivalency Exam for E201: Introduction to Economic Theory, please note the following:

  • MALD students who pass the E201 Equivalency Exam will be exempt from taking the course, E201, but will be required to fulfill the Economics (EIB) Divisional Breadth Requirement by taking one course from the selection of higher level Economics (EIB) courses listed below (please refer to the EIB Breadth Requirement detailed below). Note that some of the courses listed below may have prerequisites; please carefully review the course descriptions for these courses.

    Economics International Business (EIB) Breadth Requirement
    :

    Each MALD student is required to successfully complete the course, EIB E201: Introduction to Economic Theory, or EIB E211: Microeconomics, or any other higher-level Economics course listed below to fulfill the EIB Breadth Requirement. Students who pass the E201 Equivalency Exam may choose to enroll in EIB E201 but are encouraged to enroll in EIB E211, or they may choose to fulfill the EIB Breadth Requirement by taking another Economics one-credit course from the list below. In order to take any one of the listed Economics courses to satisfy the Breadth Requirement (with the exception of EIB E211), one must pass the E201 Equivalency Exam. Students who receive equivalency for one of the listed courses still must take a full credit Economics course in order to satisfy the EIB Breadth Requirement. Please carefully review the course descriptions for information on other prerequisites for the upper level Economics courses.

    • E211: Microeconomics
    • E212: Macroeconomics
    • E213: Econometrics*
    • E214:International Economic Policy Analysis
    • E218: Applied Microeconometrics*
    • E220: International Trade and Investment
    • E221: Advanced International Trade and Investment
    • E230: International Finance
    • E240: Development Economics: Macroeconomic Perspectives
    • E241: Development Economics: Policy Analysis
    • E242: Development Economics: Micro Perspectives
    • E246: Environmental Economics
    • E247: Econometric Impact Evaluation for Development
    • E262: The Economics of Global Health and Development

    * NOTE: E213 and E218 may NOT be used to satisfy both the Quantitative Reasoning Breadth Requirement and the Economics (EIB) divisional Breadth Requirement. Students must determine which of these Breadth Requirements it will satisfy.

  • Please note during fall and spring Orientation, an Equivalency Exam is offered for E201.

  • MALD students who do NOT PASS the E201 Equivalency Exam must register to take the course, E201: Introduction to Economic Theory (offered in both fall and spring semesters), which will fulfill the Economics (EIB) Divisional Breadth Requirement.

About the Quantitative Reasoning Equivalency Exams

  • There are two separate Quantitative Reasoning Equivalency Exams, one exam for E210m: Quantitative Methods, and another exam for B205: Data Analysis and Statistical Methods. 

    ** MIB students―please see note below about the B206: Data Analysis and Statistical Methods for Business Equivalency Exam
    .

  • Students who do NOT pass the Equivalency Exam for either E210m or for B205 can satisfy the Quantitative Reasoning Breadth Requirement by taking one of the following courses listed below:

    - E210m: Quantitative Methods
    - E213: Econometrics*
    - E218: Applied Microeconometrics*
    - B205: Data Analysis and Statistical Methods
    - B206: Data Analysis and Statistical Methods for Business
    - B262: Marketing Research and Analysis
    - P203: Analytic Frameworks for International Public Policy Decisions
    * NOTE: E213 and E218 may NOT be used to satisfy both the Quantitative Reasoning Breadth Requirement and the Economics (EIB) Breadth Requirement. Students must determine which of these Breadth Requirements it will satisfy.  
  • MALD students taking and passing one or both of the Quantitative Reasoning Equivalency Exams (E210m and/or B205) will satisfy the Quantitative Reasoning Breadth Requirement.

**Important to Note for MIB Students:

Three Equivalency Exams are offered outside of Orientation weeks for MIB core courses. Students from other degree programs are also welcome to take these exams when applicable.

Refer to the Equivalency Exams Information Sheet and the B205/B206 Useful Expressions Information Sheet, as needed.

For MIB students wishing to take these exams, they must be taken and passed in the first year of study. If they are not taken in the first year, the associated course must be taken in the first year instead. All MIB students must have taken the B206: Data Analysis and Statistical Methods for Business course or passed the B206: Data Analysis and Statistical Methods for Business Equivalency Exam by the end of their first year of study.

The three Equivalency Exams offered outside of Orientation Week:

  • E217m: Managerial Economics Equivalency Exam: Wednesday, August 20, 2014
    * MIB students who pass the E217m Equivalency Exam are exempt from taking the core course, E217m, but must take an upper level economics course.

  • B206: Data Analysis and Statistics for Business Equivalency Exam: November 13 2014, 7:30-9:30 AM in C206 [Incoming 2015 Januarians, please see above the January 8, 2015 B206 Equivalency Exam offering]
    * MIB students who pass the B206: Data Analysis and Statistics for Business Equivalency Exam will be exempt from having to enroll in the course, B206: Data Analysis and Statistics for Business, and may substitute it with an elective of their choice. This is the only opportunity for MIBs to take this exam. This exam must be passed or the class taken by the end of the first year.
    • No notes, books, or computer are allowed during the B206 Equivalency.
    • A non-scientific calculator is allowed for the B206 Equivalency Exam.
    • Note that the core material covered in the B206 Equivalency Exam is outlined above by Professor Nakosteen in the B205 Equivalency Exam section.  There is one addition in order for MIB students to prepare for the B206 Equivalency Exam: Binomial Probability Distribution. Chapter 5 (sections 5.1 and 5.3).  Also, please refer to the B205/B206 – Useful Expressions Information Sheet

  • E212: Macroeconomics Equivalency Exam: November 20, 2014, 8:00-9:30 AM in C206
    * MIB students who pass the E212: Macroeconomics Equivalency Exam are exempt from taking the core course, E212, but must take an upper level economics course.
    * Use of calculators – either hand-held or on the computer – are NOT allowed.
    * If you have a laptop, please bring it to the exam; once you have completed the exam directly on your laptop, you will need to email it to Professor Larry Krohn at: Lawrence.krohn@tufts.edu.  If you do not have a laptop, please complete the exam using the blue books provided to you.

    * MIB students who pass the E212: Macroeconomics Equivalency Exam are exempt from taking the core course, E212: Macroeconomics, but must take an upper level Economics course.  To pass the E212 Equivalency Exam, students will need to comprehend macroeconomic theory (including national income accounting) and its applications at the intermediate level.  Course mathematical requirements are limited to basic algebra, and the exam will reflect this.  The text for 2014 will be Oliver Blanchard and David Johnson, Macroeconomics, Sixth Edition, supplemented by some chapters from Frederic Mishkin’s The Economics of Money, Banking and Financial Markets, 10th edition, 2012 on monetary institutions and policy.  The E212 Equivalency Exam will cover the material in Chapters 2 – 7, 9, 14, 18 – 19 and 23 – 24 of Blanchard and Johnson, 6th edition.  (Not surprisingly, the same content is covered in other intermediate macro textbooks if one of them is more readily available.)  Some editions of the full Blanchard and Mishkin textbooks are available on reserve at Ginn Library.  MIB students who pass the E212 Equivalency Exam are exempt from taking the core course, E212: Macroeconmics, but must take a higher level Economics course.