Economics Degree Programs

Undergraduate Majors

Economics provides an understanding of the environment in which all businesses operate. What you may not realize is that the study of economics provides students with an analytical skill set necessary to make sound business decisions. The Economics Department offers two economics degree programs: economics-finance, and managerial economics. If you are an individual who enjoys economics and wants to strengthen your background in another business area one of these majors may be right for you.

We can define both the economics-finance and managerial economics majors using just two words:

Flexibility and Integration
The economics-finance major successfully integrates the disciplines of economics and finance. These two disciplines have a natural relationship to each other that makes them an outstanding combination within a degree program.

Through coursework you gain a solid grounding in economics and financial institutions and markets. The program’s flexible course structure allows you to concentrate your elective choices in an area which can be applied to industry, banking or government. The economics-finance major is ideally suited for those students who wish to enter the financial services field, since it provides them with a strong base in both economic and financial analysis.

Managerial Economics Major

The managerial economics major provides you with the flexibility to combine economics with a non-finance discipline. The common body of business core courses provides you with an excellent foundation in all business areas, but more depth is needed for specialization. The managerial economics major provides this much needed depth in an integrated manner by allowing you to concentrate in one of the following business areas:

  • Accounting
  • Economic Analysis
  • Entrepreneurship
  • Human Resources
  • Information Design and Corporate Communication
  • Information Technology
  • International Business
  • Law
  • Management
  • Marketing
  • Quantitative Analysis

The flexibility achieved by combining economics with another business discipline allows students to design a curriculum that meets their professional and personal educational objectives.

Managerial Economics Course Requirements:

All managerial economics majors must take:
EC 224 Intermediate Price Theory
EC 225 Intermediate Macroeconomics
EC 381 Research in Managerial Economics
EC Elective
EC Elective

In addition, managerial economics majors must take at least three courses within their concentration:

Accounting Concentration
AC 311 Financial Accounting and Reporting I
AC 310 Cost Management
AC Elective

Economic Analysis Concentration
EC 245 Business Forecasting or EC 361 Introduction to Econometrics
EC Elective
EC Elective

Entrepreneurship Concentration
MG 335 Entrepreneurship
MG 336 New Venture Planning and Financing
MG 360 Negotiating

Human Resources Concentration
MG 250  Human Resources Management
Two of the following:
EC 232 Labor Economics
MG 350 Human Resource Strategy
MG 360 Negotiating

Information Design and Corporate Communication Concentration
COM 210 Effective Speaking
IDCC 320 Managerial Communication
IDCC Elective

Information Technology Concentration
CS 150 Introduction to Data and Information Management
Any two courses from CS or IPM

International Business Concentration
EC 311 International Economics
MG 331 Management of International Operations
Elective from the following:
FI  351 International Finance
LA 308 International Business Law
MK 367 International Marketing

Law Concentration
Select three of the following
EC 280 Economic Analysis of the Law
LA 300 Cyberlaw
LA 308 International Business Law
LA 315 Alternative Dispute Resolution in Business
LA Elective

Management Concentration
MG 240 Interpersonal Relations in Management
MG 345 Organizations and Environment
MG Elective

Marketing Concentration
MK 400 Marketing Management
MK Elective
MK Elective

Quantitative Analysis Concentration
MA 233 Calculus III
MA 239 Linear Algebra
MA Elective
 

Economics-Finance Major

Economics-finance students are trained in financial statement analysis while also building a strong foundation in microeconomic and macroeconomic theory. Students gain a firm grasp of economic analysis and financial markets through required courses in the two areas.

Economics-Finance Course Requirements:

EC 224 Intermediate Price Theory
EC 225 Intermediate Macroeconomic Theory
EC 391 Monetary Economics
FI  305 Principles of Accounting Finance
FI  320 Financial Markets and Investments

In addition, students select two economics electives and two finance electives in consultation with their faculty adviser.

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Undergraduate Minors

The Economics Department offers two minors that allow students to deepen and expand their understanding of economics while pursuing a major in another discipline. Students may minor in business economics, strengthening their knowledge of economic theory, and allowing them to select two economics electives to apply that theory to their specific areas of interest.

The other minor offered by the department, international economics, strengthens the students' knowledge of the theory of international economics, and enables them to apply that knowledge in numerous internationally related settings through their selection of economics electives.

Minor in Business Economics (Course Requirements)

  • EC 270 Industrial Organization or EC 224 Intermediate Price Theory
  • EC 225 Intermediate Macroeconomics
  • Two EC electives

Minor in International Economics (Course Requirements)

  • EC 311 International Economics
  • Three courses selected from the following:
    • EC 315 The Economics of Multinational Corporations
    • EC 321 International Economic Growth and Development
    • EC 331 Modern Economic Systems
    • EC 333 Economics of the European Union
    • FI 351 International Finance

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MBA in Economics of Financial Markets

The Economics of Financial Markets concentration aims to produce graduates with a thorough understanding of the complexities of international finance and economic markets. In an increasingly interdisciplinary world, the concentration envisions synergistic connections between the two separate but inter-related disciplines of economics and finance that make the whole greater than the sum of its parts. The interlocking of the two disciplines through the carefully selected courses will provide a needed breadth of vision of both the national and international economic and financial landscapes, thus equipping our students to meet and effectively solve future problems in the field.

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