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Economics & Business
The Samuel J. Campbell Department of Economics and Business curriculum provides students with a solid understanding of fundamental economic and business principles, how the global market economy works, how key institutions of a modern economic system operate, and how to apply these understandings to business management, public policy, and their own lives. The department emphasizes the development of quantitative and analytical skills and career readiness.
Three majors are offered: (i) Business Management, for students interested in a business career; (ii) Economics, which emphasizes the economics discipline as a social science; (iii) Quantitative Economics, which requires more math and emphasizes quantitative skill.
Majors
The Business Management major is designed for students interested in the analytical side of running an organization. The major has the analytical core of microeconomics and macroeconomics and the business core of accounting, finance, and management courses. Graduates will be equipped to participate in the operation of all forms of business/economic organizations, to work in the financial services sector, to pursue professional programs, and/or to start their own businesses.
- Eleven departmental units:
- Economics 199, 211, 212, 251, and 380.
- Business 216, 217, and 285.
- Three elective units chosen from Business 206, 220, 230, 255, 260, 270, 301, 302, 304, 340, 350, Economics 202, 210, 245, 304, 306, and Philosophy 225.
Business Management majors are recommended to pursue one minor (choose from Finance, Marketing, Entrepreneurship, and Sports Management). If students do pursue a minor, they must pay attention to limits on double counting (i.e. using the same course to fulfill requirements for a major and minor). These rules are indicated with the minor requirements.
The core of the economics major is economic theory, which is a set of tools an economist uses to understand how the world operates, and how individuals, groups and organizations behave. The major also requires supporting courses in other social sciences, so that students gain interdisciplinary perspectives on how the world operates. This major is suitable for students considering careers in public policy, international development, education, sustainability, public policy, and others.
- Nine departmental units:
- Extra-departmental and supporting courses (4 units): choose two out of three sequences below.
- Sociology 100 or 150 and choose one from 216, 221, 231, 235, 240, 245 or 251.
- Political Science 110 or 160 and choose one from 210, 212, 214, 230, 246, 255 or 257.
- Two units on a specific country/region of the world from any discipline, including language classes.
Students who major in Economics are encouraged to take Mathematics 110.
The quantitative economics major enables students to use elements of mathematics to model scenarios in microeconomics and macroeconomics. It teaches students empirical techniques that enable them to test hypotheses emerging from the underlying micro and macro theory by using data drawn from individual firms and entire economies around the world. Through their course choices, students can observe quantitative comparisons between benefits and costs in a variety of contexts that range from the environment to health, sports, and systems for organizing economic activity.
- Ten departmental units:
- Three units in economic modeling: Economics 199, 211, 212.
- Two units in empirical analysis: Economics 251, 303.
- One unit in mathematical analysis: Economics 305 or 306.
- One unit in cost-benefit analysis: Economics 201, 202, 203, 205, 209, 210, 245.
- One capstone unit: Economics 380.
- Two elective units from Economics 300, 304, or Business 301, 302, 350 and any of the courses not used to satisfy the preceding requirement, and Economics 271 if the subject of the topics course is pertinent.
- Supporting courses (3 units):
- Three units from Mathematics: 110 or 113, 115, and one chosen
from 160, 205, 275, or 290.
- Three units from Mathematics: 110 or 113, 115, and one chosen
Minors
- One unit of Economics 199.
- One unit of Economics 212.
- One unit of Business 216.
- One unit of Economics 245.
- Finance courses: 2 units chosen from Business 217, 340, 350, or Business 270 (when the topic is relevant).
Students may not count more than 3 units from the above listed minor requirements for their major.
- Introductory economics: Economics 199.
- Business courses: Business 220 and 230.
- Statistics course: One unit of an introductory statistics course such as Mathematics 106, Biology 247, Economics 251, Sociology 205, Psychology 161, Health and Society/Political Science 201, or another statistics course by permission of instructor.
- Two units from Media Studies 150, Art 125, 280 (when topic is UX Design), 325, Museum Studies 285.
Students may count up to 3 units from the above listed minor requirements for their major.
- Disciplinary perspective, either
- Business courses: Business 216 and 220.
- Sports management and leadership courses: Business 255 and 260.
Students are encouraged to take other sports courses, including Economics 300 and Business 270 (when the topic is relevant). Students may count up to 3 units from the above listed minor requirements for their major.