Advanced Placement Waivers

If you have taken advanced placement exams in economics before matriculating to Penn, you may qualify for a waiver for one of the introductory economics courses (ECON 1: Microeconomics, ECON 2: Macroeconomics, ECON 10: Micro- and Macroeconomics for Wharton students). Here are our rules:

The minimum scores required in the Advanced Placement, A-Levels, or the International Baccalaureate exams for waivers from Economics courses are as follows:

  Grades Courses waived
Advanced Placement Exams    
Microeconomics 5 ECON 1
Macroeconomics 5 ECON 2
Economics A ECON 1, 2, 10
International Baccalaureate    
Higher Level Examination  
Economics 6,7 ECON 1, 2, 10

The Economics Department does not award waivers for French Baccalaureate.

Wharton Students who receive through AP, A-Level, or IB a waiver for both ECON 1 and 2, will receive a waiver for ECON 10.

Waivers for Econ 1 and/or Econ 2 obtained through the the AP, A-level, or IB exams will be converted into credit/s upon graduation if a student completes the ECON minor, the EPOL minor, the ECON major, or the MATH-ECON major.

Starting with students entering Penn in the Fall of 2017, we will no longer convert advanced placement waivers (AP, IB, and A-Level) for ECON 1 or ECON 2 into course credits upon completion of the ECON minor, the EPOL minor, the ECON major, or the MATH-ECON major. However, the waiver can be used to satisfy prerequisites for higher-level economics courses. Please see the description of the course requirements for our minors and majors for further information on course options for students with waivers.