2023-2024 Academic Catalog

May 09, 2024

2023-2024 Academic Catalog

Business Economics

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Business Economics Overview

The major in Business Economics combines the study of economic theories and analytical tools with the development of functional business skills. Students in Business Economics will gain a deep understanding of how markets operate at the micro and macro levels and develop skillsets to deliver solutions in rapidly changing business environments.

Major Requirements

A total of sixteen units is required for this program. The curriculum includes two prerequisites, six Business core courses, five Economics core courses, two electives, and one capstone. Students must take all courses for the major for a letter grade. A minimum of 2.0 cumulative grade-point average in major courses is required for graduation.

Students interested in combining the Business Economics major with another program of study in the School of Management can minor in that subject (Entrepreneurship, Finance, Management, and Marketing). A dual major between two majors in the School of Management is not an option.

Program Co/Prerequisite

ECON010 and a Calculus course are program pre/corequisites. Students do not need to complete these courses before taking other major courses, but some major courses do require these courses to be completed first.

ECON 010 - Economics and the World Economy
MATH 119 - Precalculus Mathematics
OR
MATH 120 - Calculus I
(honors Calc or Calc II will also count)

Business Core Requirements

The following six SOM courses are required:

Economics Core Requirements

ECON 011 - Principles of Economics
ECON 160 - Introduction to Statistical Analysis
ECON 204 - Microeconomic Theory Using Calculus
OR
ECON 205 - Microeconomic Theory
ECON 206 - Macroeconomic Theory
ECON 265 - Econometrics
Students could substitute one additional 200 level economics elective for either the ECON204/205 requirement (microeconomics) or ECON206 (macroeconomics).

Electives

Two units of 200 level ECON or SOM (ACCT, BLAW, FIN, MGMT, MKT or QBUS) courses are required.

One of the two units must be from ECON.

The internship course, MGMT 298 , can count for the SOM elective. However, ECON 298 , cannot count for the ECON elective.

If students complete the MGMT298 internship course, a Pass/Fail grade is permissible to count towards the major requirements in this course only.

Capstone

The SOM capstone course MGMT 260 is the required capstone for Business Economics majors.

Program Faculty

Mary-Ellen Boyle, Ph.D.

Keith Coulter, Ph.D.

Hamidreza Ahady Dolatsara, Ph.D.

John Dobson, Ph.D.

Priscilla Elsass, Ph.D.

Jin Fang, Ph.D.

Donna Gallo, Ph.D.

Laura Graves, Ph.D.

Thomas Murphy, M.B.A.

Steve Ng, M.B.A.

Will O’Brien, J.D., M.B.A.

Sitikantha Parida, Ph.D.

Inshik Seol, Ph.D.

Richard Spurgin, Ph.D.

Zhenyang Tang, Ph.D.

Zhihong Wang, Ph.D.

Da Wu, Ph.D.

Atefeh Yazdanparast, Ph.D.

Kyunghee Yoon, Ph.D.

Jing Zhang, Ph.D.

Emeriti Faculty

Margarete Arndt, D.B.A.

Robert Bradbury, Ph.D.

Dileep Dhavale, Ph.D.

Priscilla Elsass, Ph.D.

Laura Graves, Ph.D.

Edward Ottensmeyer (Dean Emeritus), Ph.D.

For a full list of SOM faculty, including visiting and adjunct faculty, please see the faculty page on SOM’s website.