Economics and Business

Draper 119
CPO - 2193
859-985-3174

Office Hours:
M–F, 8:00 a.m.–5:00 p.m.

Contact: Trish Isaacs

Majors and Minors
 

Program Information

Major and Minor Requirements

Admission to the Majors

The Office of Academic Services will initiate the declaration of major process in the regular term in which students will complete 15 course credits, usually the second semester of the sophomore year.

To be accepted to the Business Administration major, you must have waived or completed MAT 115 with a C or higher, and you must have completed three of the following with a C or higher: BUS 120, BUS 130, ECO 101 or ECO 102. You may receive conditional acceptance to the major based on successful completion of these classes during the semester in which you are applying to the major.

Admission to the Economics major is determined by a review of your transcript by the department chair and members of the Economics faculty.

Major in Business Administration

Goals of the Business Administration Major

  • To gain knowledge of the central questions, scope, methods, and limits of theory in the business disciplines;

  • To develop personal and collaborative leadership skills;

  • To develop an understanding of the regional, national, and international environment within which firms operate.

  • To understand the nature of the workplace and develop appropriate entry level skills, knowledge and attitudes.

Requirements for a Bachelor of Science in Business Administration
In addition to General Education requirements, students must complete

Seven core courses:

  • BUS 120 Accounting I
  • BUS 130 Accounting II
  • BUS 125 Intro. to Business & Computer Applications
  • BUS 315 Management
  • BUS 363 Marketing
  • BUS 366 Financial Management
  • BUS 475 Strategic Management

Four collateral courses:

  • ECO 101 Principles of Macroeconomics
  • ECO 102 Principles of Microeconomics
  • ECO 250 Applied Statistics
  • MAT 115 (or MAT 125 if MAT 115 is waived; or MAT 135, if 125 is waived)

(Students preparing for graduate school should take MAT 220 Calculus and BUS 240 Business Law.)

Areas of Concentration

The Business Administration major is designed to allow students to focus on one of five concentration areas with the following requirements. Click the links below to see a more complete description of each concentration.

Accounting BUS 326 Intermediate Accounting I; BUS 327 Intermediate Accounting II; BUS 323 Income Tax; BUS 324 Managerial Cost Accounting; and one departmental elective.
Finance BUS 368 Intermediate Corporate Finance; BUS 346 Investment Analysis; ECO 332 Money and Banking; and two departmental electives.
Management BUS 240 Business Law; BUS 345 Human Resources Management; BUS 364 Production and Operations Management; and two departmental electives.
Marketing BUS 257 Consumer Behavior; BUS 367 Marketing Research; BUS 465 Strategic Marketing Management; and two departmental electives.

(Departmental electives may be any BUS or ECO 200, 300 or 400 level.)

Minor in Business Administration

The business minor consists of five courses:

  • BUS 120 Accounting I
  • BUS 315 Management
  • ECO 102 Principles of Microeconomics or ECO 101 Principles of Macroeconomics
  • Two business electives selected from BUS 125, 130, or any 200, 300, or 400 level BUS course

Major in Economics

Goals of the Economics Major

  • To acquire an understanding of the major principles, theories and analytical techniques needed to apply economics to the basic allocation problems facing households, businesses, nonprofit organizations and government;

  • To broaden student understanding of the institutional, societal and international context within which economic decisions are made;

  • To develop an understanding of economic policy and its relation to economic analysis, both in micro and macroeconomics;

  • To develop the quantitative skills of students. Students will be able to understand, construct and test simple empirical or statistical models that represent some of the economic principles and theories from micro and macroeconomics;

  • To develop decision-making skills in order to improve the quality of decisions, both personal and in institution. Special emphasis will be placed on the development of quantitative decision-making skills.

Requirements for a Bachelor of Arts in Economics
In addition to General Education requirements, students must complete

Five core courses:

  • ECO 301 Intermediate Macroeconomics*
  • ECO 350 Econometrics
  • ECO 302 Intermediate Microeconomics*
  • ECO 470 Seminar in Economics
  • ECO 250 Applied Statistics

Three collateral courses:

  • MAT 135 and two courses selected from MAT 214, 225, 311, 312, 330, 437, 438.

Three 300 level elective courses in economics

*Knowledge of ECO 101 and 102 will be required for admission to these courses. This may be done by waiving these courses by Advanced Standing exam, transfer credit, or successful completion of ECO 101 and 102. The selection of collateral courses in mathematics depends to some extent on the intended graduate school emphasis. For those students interested in an applied program or a program with a policy emphasis such as urban studies or public administration, MAT 220 should be supplemented by MAT 225 Calculus II and MAT 312 Operations Research. For graduate programs that are more theoretical, MAT 220, MAT 225, MAT 311 Probability and MAT 314 Linear Algebra are a minimum. MAT 330 Calculus III, MAT 437 Differential Equations and MAT 438 Statistics are strongly recommended.

Minor in Economics

The minor consists of five courses:

  • ECO 101, Principles of Macroeconomics
  • ECO 102, Principles of Microeconomics
  • ECO 250, Applied Statistics*
  • 2 ECO electives at 200 level or above, including courses listed in the catalog as well as short term offerings.

*Students who have taken a research methods course, such as PSC 335, SOC 335, or PSY 306, or an introductory statistics course may, in consultation with Economics faculty, choose another ECO elective, 200-level or above, in place of ECO 250.