ACADEMICS

  • Economics

    The economics program offered by the Business Administration and Economics Department is designed to help students understand the world they live in, analyze important social issues, and adapt to a changing economic climate.
     
    The B.S. in Economics will provide each student with knowledge of current economic thought and will develop students’ understanding of the role played by economic institutions in society. Having completed a thorough program integrating economic theory and practice, students will be prepared to effectively participate in society as informed citizens to promote social well-being. Students will be prepared to succeed in a wide array of positions in business, government, and nonprofit organizations, and will be able to successfully pursue graduate work in economics and related fields, predominately at the master's level. Qualified majors will have an opportunity for honors and advanced coursework, intensive faculty interactions, national and regional competitions and activities, and economic research.
     
    Graduates with a B.S. in Economics will be able to:

    • Demonstrate the ability to present orally and in writing a coherent, logical economic argument grounded in economic theory.
    • Read and assess articles on economic topics.
    • Articulate orally and in writing the core economic principles, concepts and theories that form the foundation for economic analysis and economic research.
    • Investigate economic issues by synthesizing, building, and using theories/models to predict the behavior of economic agents.
    • Evaluate economic issues and real world problems through data analysis and the application of appropriate statistical techniques, quantitative and/or qualitative methods.

    The minor in economics provides students with an excellent background for work in business fields such as banking, insurance, finance, and accounting. Combining an economics minor with a B.S. in Business Administration helps to give students an edge in the marketplace. The minor in economics is equally appropriate for work in the private sector, not-for-profit sector, and public sector at the federal, state, or local level. The minor may also help to prepare students for careers in teaching, journalism, and law, as well as for admission to graduate programs in public policy, law, business, international relations, journalism, and related fields.

    Omicron Delta Epsilon, the international honor society in economics, is available to outstanding students.

    Requirements for a Major in Economics: 33 credits with EC designation

    • EC 110 Introduction to Microeconomics
    • EC 120 Introduction to Macroeconomics
    • EC 150 Statistics (or another acceptable statistics course)
    • EC 200 Intermediate Macroeconomics
    • EC 201 Intermediate Microeconomics

    One of the following:

    • EC 202 Introduction to Mathematical Economics
    • EC 306 Introduction to Econometrics
      (or a course in which calculus is a primary topic)

    The remaining 15 (or more) credits may be chosen from economics electives in accordance with special interests and career objectives.

    Students are encouraged to take an internship if their program permits.
     
    Requirements for a Minor: 18 credits

    • EC 110 Introduction to Microeconomics
    • EC 120 Introduction to Macroeconomics
    • PLUS Any four additional Economics courses

    Business Administration Courses that Will Count Toward the Major or Minor in Economics
    Students pursuing a major or minor in economics may elect to use 1 of the following business administration courses to count towards their electives in the economics major/minor that may also count within the electives of the business administration minor. (Note: There are 15 credits of electives in the economics major, 12 credits of electives in the economics minor, and 12 credits of electives in the business administration minor.)

    • BA 316 Financial Management
    • BA 404 Corporate Finance
    • BA 415 Investment Analysis
    • BA 416 Financial Markets and Institutions

    Economics Courses that Will Count Toward the Major in Economics and the Minor in Business Administration
    Students pursuing a major in economics and a minor in business administration may use 1 of the following economics courses to count both within the 12 credits of elective courses for the business administration minor and within the 15 credits of electives for the economics major.

    • EC 205 Money, Banking and Monetary Policy
    • EC 301 Economic Development
    • EC 307 International Finance
    • EC 308 International Trade

    Economics Courses that Will Count Toward the Major in Business Administration and a Minor in Economics
    Students pursuing a major in business administration and a minor in economics may use 2 of the following economics courses to count in both within the 12 credits of elective courses for the business administration major and within the 12 credits of electives for the economics minor:

    • EC 205 Money, Banking and Monetary Policy
    • EC 301 Economic Development
    • EC 307 International Finance
    • EC 308 International Trade

    Economics Courses that Will Count Toward the Major in Business Administration
    Students pursuing a major in business administration may use 2 of the following economics courses to count within the 12 credits of electives for the general business concentration.

    • EC 205 Money, Banking and Monetary Policy
    • EC 301 Economic Development
    • EC 307 International Finance
    • EC 308 International Trade

    Economics Courses that Will Count Toward Meeting the Requirements of the International Business Concentration
    A maximum of 2 of the economics courses listed below may be used:

    • EC 301 Economic Development
    • EC 307 International Finance
    • EC 308 International Trade

    Economics Courses that Will Count Toward Meeting the Requirements of the Finance Concentration

    • EC 205 Money, Banking and Monetary Policy
    • EC 307 International Finance

    Business Administration Courses and Economics Courses that Will Count Toward Meeting the Requirements of a Double Major in Business Administration and in Economics:
    Students pursuing a double major in business administration and economics may use:

    • 2 of the following economics courses to count within the 12 credits of elective (concentration) courses for the business administration major
      and
    • 1 of the following business administration courses to count within the 15 credits of elective courses for the economics major
    • EC 205 Money, Banking and Monetary Policy
    • EC 301 Economic Development
    • EC 307 International Finance
    • EC 308 International Trade
    • BA 316 Financial Management
    • BA 404 Corporate Finance
    • BA 415 Investment Analysis
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    Business Administration and Economics
    Sullivan Academic Center
    Suite  S-203
    508-929-8091