CMC changes federal classification for economics major
Claremont McKenna College has updated the classification of its economics major to better reflect the quantitative and experimental nature of that field at the College.
The U.S. Dept. of Education’s Classification of Instructional Programs (CIP) assigns codes to academic majors to accurately track and report fields of study at the nation’s colleges and universities.
CMC has updated its economics code from General Economics to Econometrics and Quantitative Economics.
“This classification more accurately reflects our orientation. Scientific method and quantitative analysis largely defines economics at CMC,” said Vice President for Academic Affairs and Dean of the Faculty Peter Uvin.
Uvin said the federal code change will help to clarify the nature of the major to potential students, employers, and graduate schools. The new CIP classifications will also make CMC international students who graduate with an economics degree eligible for three years of practical training in the United States because it is considered a Science, Technology, Engineering, and Mathematics (STEM) field under the U.S. Citizenship and Immigration Services Optional Practical Training (OPT) program.