The option is sufficiently flexible so that students can combine their pursuit of economics with studies in engineering, mathematics, or science. The core of the option consists of an economic theory component, a data analysis component, an applied microeconomic component, and a macroeconomic/growth component. Students are strongly encouraged to supplement this core with additional electives in economics, political science, and mathematics. Expected learning outcomes from completing the economics option include: a proficiency in applying economic models to understand economic institutions; a proficiency in analyzing field and experimental data to prove causal relationships between economic variables, to test economic theories, and to predict economic outcomes; an understanding of the causes of regional and global long-term economic growth as well as the causes and consequences of economic crises throughout history; an understanding of the role of market prices in allocating resources and affecting the distribution of wealth; an appreciation of strategic behavior and asymmetric information in economic and social interactions; and an appreciation of the role of technological change and politics in shaping economic policies.

The following is a list of materials required for a complete application for first-year admission. If your application is missing any one of these components, it will be considered incomplete. • Common Application or the Coalition Application with the Supplemental Application Essays • Caltech does not have a preference between the Common Application or the Coalition Application. We advise that you use the best platform for your application process. • Caltech is also a QuestBridge Partner. Students may apply for Caltech through the QuestBridge National College Match. • $75 application fee or fee waiver (by request) • Standardized tests • Teacher evaluations • Secondary School Report • This is a document that is sent to Caltech by your high school college counselor. It provides context about your school that helps the Admissions Committee evaluate your application holistically. • Academic transcripts • Additional requirements of our international citizen applicants: • TOEFL scores: Required of all international citizens unless 1) your native language is English or 2) you have studied for two or more years in a school where English is the language of instruction. The latter must be completed prior to the application deadline. We do not accept the IELTS or any other substitute for the TOEFL requirement. • International Financial Aid Statement of Intent: When an international citizen applies for freshman admission, the application prompts questions to confirm their understanding of our financial aid policy and thus confirm their financial aid intent towards Caltech. Caltech is need-sensitive for international citizens because the total amount of financial aid funds is limited for these students, and we remain committed to meeting the demonstrated need of all admitted students. See our International Citizens' page to read the full extent of our financial aid policy for international citizens.