It is a pre-requisite now. It wasn't a few years ago. Don't listen to what other students tell you. We're changing the course content and you will suffer if you try to take 2006 without 2005. If you have some free electives, take a computer programming course.
Companies like to hire people who can program in at least one language.
Being able to do a bit of programming will also help you get summer internships. The course catalog says that Math 1206 is a pre-requisite. Talk to the Stat department - they are inclined to waive this requirement for ECON majors who did well in whatever math courses they took. Don't wait to take your data analysis course until Senior Year. These courses can be very helpful in understanding your elective courses.