The Economics Department supports students who desire to broaden their range of educational experience beyond the traditional classroom. To this end, ECON386 allows students to obtain credit for employment or internships related to their studies in economics.

Students are responsible for seeking and securing their own internships. While the Economics Department will post internship opportunities forwarded by potential sponsors, the department does not actively match students with internships. Internship announcements that are submitted to our department are posted for students on the ECON Undergraduate Blog. In addition, the University Career Center maintains a database of available jobs and internships through their Careers4Terps website. Students are also encouraged to search for internships using their own resources.

Internships must meet certain eligibility requirements (see ‘Internship Eligibility Requirements’ below) in order to be considered for ECON386. Students must submit an application in advance of the term you plan to complete ECON386 (see ‘ECON386 Application’ below for full details). You cannot earn credit after your internship is already completed – If your internship takes place during the summer, you must register and pay for ECON386 during the summer term.

If approved, students will register for three (3) credits of ECON386. For students on the Bachelor of Arts track, these credits may count towards their Experiential Learning requirement. For students on the Bachelor of Science track, these credits will count as elective credits (towards the minimum number of credits needed for an undergraduate degree). Grades for ECON386 are Satisfactory or Fail (S/F). Per university policy, Satisfactory (S) grades are not included in GPA; however, a Failing (F) grade will be. ECON386 may not be repeated.

Student Eligibility Requirements

  • Student must be an economics major.
  • Student must have at least 60 cumulative credits completed.
  • Student must have a minimum UMD cumulative GPA of at least 2.5.

Internship Eligibility Requirements

  • Academic credit will only be granted for para- or pre-professional work. 
  • Clerical, basic administrative office work, or internships requiring cold calling do not qualify.
  • The internship must be related to a student's study of Economics in some regard.
  • The internship must be completed on site at a well-established organization under the direct supervision of an experienced professional. Remote internships are not eligible.
  • The internship cannot be at a company owned by a relative, with a relative, or with anyone who reports to a relative.
  • Student must work a minimum of 135 hours during the term they are registered for ECON386 and the internship must span the full length of the term.
  • Credit for ECON386 will only be given in the term during which the internship is conducted.

Note: If you have any questions regarding the eligibility of a particular internship for academic credits, please meet with ECON Advising prior to accepting the position. 

ECON386 Application

In order to be considered for ECON386, a student must complete the application form. Before submitting to ECON Advising, the student must completely fill out and sign the application and then obtain a signature from their internship supervisor. Students must also submit a current resume with their application form. 

The ECON386 Coordinator, along with the Director of Undergraduate Studies for Economics, will review the application and may contact either the student or the internship supervisor for additional information prior to determination of eligibility. Once approved, ECON Advising will notify the student by email that they can register for ECON386 using Testudo.

All applications MUST be submitted with sufficient time in order to be evaluated prior to the last day of schedule adjustment for the current term. For Fall 2019, the preferred application deadline is Friday, August 23rd. The final deadline is Tuesday, September 3rd. Please contact Alice Szczepaniak at amszczep [at] umd [dot] edu if you have any questions.

ECON386 Assignments

In addition to completing at least 135 in-person internship hours, credit for ECON386 is earned through the successful completion of several assignments. Aside from an orientation session at the beginning of the term, there are no in-person meetings for ECON386. All assignments are expected to be submitted via ELMS. ECON386 assignments showcase your ability to reflect on your work experience and include:

  • Progress reports
  • Final reflection paper
  • Letter from the supervisor
  • Internship review

Failure to complete any of these assignments will result in a grade of "F." For more detailed information on these assignments, email Alice Szczepaniak at amszczep [at] umd [dot] edu.

Additionally, students will be expected to attend a brief in-person orientation at the beginning of the term. For Fall 2019, this orientation session will take place on Wednesday, August 28th at 6pm. Full details will be sent to students accepted into ECON386 in advance.

Additional Information:

  • At the start of the term, all students enrolled in ECON386 will receive a detailed syllabus including the exact due dates of all assignments.
  • Supervisors may be contacted throughout the term to verify the student's schedule, duties, and to determine how well the intern is performing his/her work.
  • In case of illness, students are responsible for notifying their supervisor in advance, as well as noting in their progress report their missed work days.

Professional Responsibilities

Students should keep in mind that when they are at their internship they are in a professional working environment. This is a great opportunity for students to network, gain work experience, develop themselves on a personal level, and earn recommendations for future jobs/graduate school. Students are expected to act in a professional manner. While at an internship, students are not just representing themselves, but they are representing the University of Maryland, College Park and the Department of Economics.

If you have any questions about your eligibility for earning academic credit via an internship, contact ECON Advising.