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Economics Department Guidelines and Procedures for Study Abroad
Economics Department Off-Campus Study Advisor:
Students planning to study abroad need departmental and college approval for the proposed courses and academic institution.
Step 1: consult the Handbook of Off-Campus Study Opportunities which you should have received via campus mail. Read it carefully. It contains a list of Colby-approved programs and will answer a lot of your questions.
Step 2: go to the Off-Campus Study Office (first floor of Eustis), browse the catalogues there, talk with members of the Off-Campus Study Office about your interests, and get some ideas about which programs interest you the most.
Step 3: make an appointment with the Economics Department Off-Campus Study Advisor. When you come for your appointment, bring available catalog materials of the program(s) in which you’re interested, and an unofficial copy of your transcript.
Step 4: submit the appropriate applications. You need to pursue two application processes: one to Colby for permission to study abroad; and one from the specific program to allow you to attend. You must submit your preliminary Colby application to the Colby Off-Campus Study Office by November 15, and your final Colby study abroad application by March 15. Your program application will have a deadline determined by the specific program. Note that many programs have rolling admissions with no fixed deadline – but it is often the case that the earlier you apply, the better your chances of being accepted.
Getting Credit Toward the Economics Major
You will generally get automatic credit toward your overall Colby graduation requirements for programs that are on the “Colby approved” list of programs.
However, you do not automatically get credit toward the Economics major. The following guidelines explain how to get credit toward the Economics major.
Prior approval of courses taken abroad to satisfy Economics major requirements is rarely granted. Catalogue descriptions are usually not sufficiently detailed to permit a reasonable judgement to be drawn on their suitability. Consequently, a determination about whether the course warrants department credit is made after you return.
Credit will be earned only for courses that are fully completed, including final exams. In British universities where both “class grades” and “exam grades” are given – e.g., the London School of Economics – no credits will be given for a course in which an exam grade is not received.
To receive credit toward the economics major for courses taken abroad, you must present the following material to the Economics Department Off-Campus Study Advisor – after you return to Colby from your time abroad:
1. An application form, downloadable here: Application for Econ Dept Credit for study abroad
Upon approval, a copy of the application is placed in department files to insure that the course is counted toward your major requirements.
Note that not all courses that have the word “Economics” in the title are economics courses. If, after reviewing the course material, we find that a course fails to contain a sufficient amount of economic content, then you will not receive credit toward the economics major for the course.
To earn 300-level credit for a course taken abroad, the course must have required the equivalent of Micro and Macro Theory as prerequisites, and must demonstrate a sufficiently high level of rigor in the syllabus and written work required in the course.
Department Rules - Courses You Can and Can’t Take Abroad:
Microeconomic Theory, Macroeconomic Theory, a Senior Seminar, and the Ec345 project must all be completed at Colby. Rare exceptions are granted for Micro and Macro Theory under extraordinary circumstances.
At least one 300-level course must be taken at Colby regardless of the number and level of credits transferred from your study abroad.
You can receive Economics department credit for a maximum of two courses taken abroad, with the exception of the year-long program at the LSE.
Generally, you will only receive 300-level credit for a maximum of one course taken abroad – and only if that course meets the criteria spelled out above.
When selecting courses to take abroad, plan for any prerequisites for courses that you plan to take in your senior year.
You are encouraged to take courses other than Economics courses while abroad. This is a good chance to broaden your exposure to other things, so take advantage of it when possible.
If you will be away during the spring of your junior year, and if you are interested in pursuing a Senior Thesis, Honors Project, or a Senior Scholars, talk with potential advisors before you leave in your junior year. It will be difficult to start a year-long research project from scratch in September of your senior year.