Equivalency Exams

Equivalency Exams Information for Incoming Students

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

  • During fall term Orientation -- August 29, 2014, and
  • During spring term Orientation -- the morning of Thursday, January 8, 2015.

EQUIVALENCY EXAMS DATES/TIMES/ROOM LOCATION

Thursday, 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.
Thursday, January 8, 10:30 AM-12:30 PM:  Quantitative Reasoning (E210m & B205/B206) Equivalency Exams in Cabot 206
  •   No notes, books, phones, or computers are allowed.
  •   No calculator is allowed for the Quantitative Reasoning E210m Equivalency Exam. 
  •   A non-scientific calculator is allowed for the B205/B206 Equivalency Exam.

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
    • 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 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.
  • 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/B206: Data Analysis and Statistical Methods for Business. 

  • Students who do NOT pass the Equivalency Exam for either E210m or for B205/B206 can satisfy the Quantitative Reasoning (QR) Breadth Requirement by taking one of the following courses listed below:

    - E210m: Quantitative Methods
    - E213: Econometrics*
    - 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 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/B206) will satisfy the Quantitative Reasoning Breadth Requirement.
  • 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.

**Important to Note for MIB Students:

Two Equivalency Exams are offered outside of the Januarian Spring 2015 Orientation period 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 the exams listed below, 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. 

The two Equivalency Exams offered outside of the Januarian Spring 2015 Orientation period

  • E217m: Managerial Economics Equivalency Exam: For incoming MIB Januarian students, this exam will be offered during the Fall 2015 MIB Pre-Session
    * MIB students who pass the E217m Equivalency Exam are exempt from taking the core course, E217m, but must take an upper level Economics course.
  • E212: Macroeconomics Equivalency Exam: For incoming MIB Januarian students, this exam will be scheduled on an individual basis
    * 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.