Equivalency Exams

While it is strongly recommended, students are not required to take the equivalency exams

The equivalency exams are administered, without exception, twice during the academic year. No alternate dates are available.

MALD Students:

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 Breadth Requirement, and/or by being able to take a higher level economics course in order to satisfy the Economics Divisional (EIB) Breadth Requirement.

About the Economics Equivalency Exam

Each MALD student is required to take EIB E201: Introduction to Economic Theory, EIB E211: Microeconomics, or pass the E201 equivalency exam and then take a higher level economics course in order to fulfill the Economics (EIB) Divisional Breadth Requirement.

In other words, MALD students who attempt and pass the E201 equivalency exam will be exempt from taking E201 or E211, but will be required to take a higher level economics (EIB) course. If the exam is not passed, then the student must enroll in E201 or E211.

About the Quantitative Reasoning Equivalency Exams

There are two separate quantitative reasoning equivalency exams, E210m: Quantitative Methods and B205: Data Analysis and Statistical Methods. MALD students who attempt and pass one of these exams will have satisfied the Quantitative Reasoning Breadth Requirement.

MALD 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 quantitative courses from the designated list.

MIB Students:

Three equivalency exams are offered outside of orientation weeks for MIB core courses.

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 take the B206: Data Analysis and Statistical Methods for Business course or pass 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
    *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
    *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 exam must be passed or the class taken by the end of the first year.
  • E212: Macroeconomics Equivalency Exam
    *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.
    *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.
Gaining Course Equivalence

In cases when an equivalence exam is offered by Fletcher (i.e. E201, B205, B206, E210m, E212 and E217m) students may only gain equivalence by passing the equivalence exam. When an equivalence exam is not offered, students who have previously completed graduate level work equivalent to Fletcher School courses may apply for a certification of equivalency for those courses through a CSAP petition. Such equivalence requires the written approval of the professor teaching the Fletcher course for which equivalency is desired. Equivalency does not constitute transfer credit; it does not entitle the student to count that course for credit; nor does it affect normal distribution requirements. The option to obtain equivalency for a required course exists only for the purpose of eliminating the necessity of repeating course work previously taken. It is not intended that students may obtain equivalency for required courses through cross-registration in similar courses at Harvard or elsewhere during the academic year.

Please note that MALD and MIB students may not waive breadth requirements and must still fulfill the breadth requirements as outlined, even if course equivalence was gained for one of the listed breadth requirement courses. The only exception to this rule is that students who are enrolled in recognized dual degree programs with a focus on economics may gain course equivalence for the Quantitative Reasoning Breath Requirement with approval from Professor Nakosteen or Professor Klein (via a CSAP petition).