Economics Major B.S.
Economics describes and analyzes the organization and operation of an economic system. While much can be learned from the economic systems of other countries, most courses in this program focus on the western market economy. An understanding of economics is essential for all careers in management and to becoming a well-informed citizen and participant in society.
The economics program offers courses which serve all majors in the College of Management and those leading to the two tracks in the economics major. The business economics track prepares students for work in the quantitative areas of business: market research, business forecasting, financial analysis, economic modeling and simulation, operations, and quantitative decision making. The more traditional economics track prepares students for graduate study in economics and professional study in law, public administration, business and public policy.
The economics program area also offers a minor in economics that allows students to go deeper in learning how to apply the basic concepts gained from taking the principles of macroeconomics and microeconomics. The economics minor provides a balance of theory and practice in order to increase students' ability to solve problems in their fields. The economics minor is offered primarily to the following categories of students: students from business and management fields in the College of Management, students from human services and public administration, and students from the liberal arts who desire to increase their knowledge of economics.
All economics courses may be used to fulfill the university's general education/liberal studies requirements.
Requirements:
The economics program includes at least 120 credits distributed in general education/liberal studies, foundation courses and study in economics or business economics.
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General Education/Liberal Studies
- COM Foundation Courses
- MIS 100 Fundamentals of Information Technology in Organizations OR Computer competence
- STAT 201 Statistics I
- MATH 210 Calculus I
- ECON 201 Macroeconomics
- ECON 202 Microeconomics
Economics Track
- Required
- ECON 351 Intermediate Macroeconomics (Note: This course is offered on a two-year rotation basis and through independent study.)
- ECON 352 Intermediate Microeconomics (Note: This course is offered on a two-year rotation basis and through independent study.)
- ECON 420 Money, Banking and Financial Institutions
- ECON 497 Economic Research and Forecasting
- Electives (four courses required from the courses below)
- ECON 311 Economics of the Environment
- ECON 313 Labor Economics
- ECON 314 International and Comparative Economics
- ECON 315 Economics of Diversity
- ECON 316 Health Economics
- ECON 496 Managerial Economics
Business Economics Track
- Required
- ACCT 210 Financial Accounting (Foundation)
- ECON 314 International and Comparative Economics
- ECON 420 Money, Banking and Financial Institutions
- ECON 496 Managerial Economics
- ECON 497 Economic Research and Forecasting
- FIN 390 Principles of Finance
- Economics Electives (three courses)
- ECON 311 Economics of the Environment
- ECON 313 Labor Economics
- ECON 315 Economics of Diversity
- ECON 316 Health Economics
- DSCI 431 Managerial Problem-solving and Decision-making Methods or
- DSCI 434 Introduction to Operations Management (only one of these may be applied toward the business economics track)
- FIN 550 International Finance
- MGMT 490 Challenges and Choices in Small Business and Entrepreneurship
- MKTG 420 Marketing Research
Note: ECON 497 Economic Research and Forecasting is a capstone class which should be taken near the end of a student's program.
Many College of Management courses are sequenced and build on previous learning. Students must complete course prerequisites before registering for a course which requires prerequisites. In addition, students must complete 30 credits of coursework before they can register for College of Management upper division courses (those numbered 300 and above). MGMT 499 Case Studies in Strategic Management is a capstone class which should be taken near the end of a student’s program.
Transfer of Credit
Transfer course evaluation is made by the faculty in the College of Management. Students may be granted credit for courses of similar content and level (such as lower or upper division) taken at regionally accredited colleges and universities. Students cannot meet major required or elective course requirements with lower-division courses. In addition, courses being transferred into the accounting, economics and management information systems areas must meet respective sunsetting policy requirements. Sunsetting policies specify the acceptable time between when a course is taken and when the course is evaluated to meet a major requirement. If a course is not accepted because too much time has elapsed since the course was completed, a student may demonstrate competence in some courses via exam. Currently, waiver exams are available for Financial Accounting, Strategic Management Accounting, Macroeconomics, Microeconomics and Fundamentals of Information Technology in Organizations.
Credit and Residency Requirements
Students in each of the College of Management bachelor of science major programs must complete a minimum of 20 credit hours of their major requirements and/or major electives at Metropolitan State University. In addition, students must complete at least 30 credits at Metropolitan State University in order to graduate.
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