Business Management Economics

BUSINESS MANAGEMENT ECONOMICS
Students interested in Business and Management may wish to follow the major in Business Management Economics. The major provides disciplinary structure and focus for the interests and needs of the growing number of students who are interested in business and management.

The major has several important elements. First, it combines the strong analytic approach of economics with the technical aspects of management. Second, it recognizes that computing has become intrinsic to business and will continue to be an essential skill for those who wish to enter this field. Students in this concentration will gain knowledge about using computing as a tool for analysis of economic, statistical and financial data. Third, the major strongly recommends that students complete an Economics field placement to obtain practical experience. These field placements arranged with the Economics Field Study staff, provide an excellent way to apply academic economics, business and management to issues and problems in the real world. And fourth, students gain important written and verbal communication skills, which are vitally important in business.

A DETAILED DESCRIPTION OF THE BUSINESS MANAGEMENT MAJOR
The following is the basic outline of the course requirements.

Core Requirements: All students are required to take the same core courses as Economics and Global Economics majors:

    * 1 Introduction to Microeconomics
    * 2 Introduction to Macroeconomics
    * 10A Economics of Accounting I
    * 10B Economics of Accounting II
    * 11A and 11B* Math Methods for Economists
    * 100A or (100M) Intermediate Microeconomics
    * 100B or (100N) Intermediate Macroeconomics
    * 113 (Introduction to Econometrics
    * Applied Math & Statistics 5* Statistics
    * The comprehensive examination is also required for graduation.

Electives: Students are required to take 6 (FIVE if fall 2013 & after) of their upper-division courses from the following areas:

Upper-Division Business Management Courses:

   1. Choose ONE (1) course from the following "A" list:
          * 101 (Managerial Economics)
          * 135 (Corporate Finance)
          * 133 (Security Markets and Financial Institutions)
   2. Choose THREE (3) courses from the following list:
          * 101* (Managerial Economics)
          * 110 (Managerial Cost Accounting)
          * 111A (Intermediate Accounting 1)
          * 111B (Intermediate Accounting 2)
          * 112 (Auditing and Attestation)
          * 115 (Introduction to Management Science)
          * 117A (Income Tax Factors for Individuals)
          * 117B (Tax Factors of Business and Investment)
          * 118 (Fraud Examination)
          * 119 (Advanced Accounting)
          * 131 (International Financial Markets)
          * 133* (Security Markets & Financial Institutions)
          * 135* (Corporate Finance)
          * 136 (Business Strategy and Entrepreneurial Studies)
          * 138 (The Economics of Management of Technology & Innovation)
          * 139A (Economics of Electronic Commerce)
          * 139B (Electronic Commerce Strategy)
          * 161A (Marketing)
          * 161B (Marketing Research)
          * 162 (Legal Environment of Business)
          * 164 (Economics of the Telecommunications Industry)
          * 181 (Real Estate Economics>
          * 182 (Industrial Relations)
          * 188 (Management in the Global Economy)
          * 194 (Advanced Topics in Management)

* May be selected if not previously used to satisfy the "A" requirement.

Upper-Division Economics Courses: Choose TWO (2) (ONE if fall 2013 & after) additional upper-division economics courses from any courses NOT listed above. Economics 104, 191, 192, 193, 197, and 198 may not be used to meet major requirements. Economics 195 or 199 may be used to fill one of the upper-division electives, with department approval.

Additional Requirements: Computer Literacy
All students must complete at least two courses that provide computing skills. Choose two courses from the following list. With department approval, the student may substitute other courses.

    * CMPE 12/L (Computer Organization)
    * CMPE 80N (Networking and the Internet)
    * CMPS 10 (Introduction to Computer Science)
    * CMPS 12A (Introduction to Programming)
    * CMPS 5C, 5J, 5P (Beginning Programming: Soc. Sci./Humanities/Nat Sci)
    * CMPS 80B (Systems and Simulation)
    * ECON 216 (Applied Econometric Analysis) - instructor permission required
    * TIM 50 (Business Information Systems)
    * TIM 58 (Systems Analysis and Design)
    * LING 80G (Nature and Language of Computers)

Additional Requirements:  Disciplinary Communication (DC)
Students of every major must satisfy that major’s upper-division Disciplinary Communication (DC) requirement.  The DC requirement in economics is satisfied by completing ECON 197, Economic Rhetoric, or ECON 104, Is There Truth in Numbers: The Role of Statistics in Economics.

Additional Requirements: Economics Field Study
One quarter of field study is strongly recommended. Placements and credit for Economics 193 or 198 arranged through the Economics Field Study Coordinator.

Courses 104, 191, 192, 193, 193F, 197, 198, and 198F may not be used to meet major requirements. Either course 195 or 199 may be used to fill one of the upper-division major requirements.

Mathematics requirement: Successful completion of Economics 11A and 11B, Mathematical Methods for Economists (or equivalent; two quarters) and Applied Mathematics and Statistics (AMS) 5, Statistics (or equivalent), is required of all economics majors. Economics 11A and 11B are prerequisite to Economics 100A/M, Intermediate Microeconomics and 100B/N, Intermediate Macroeconomics. Economics 11B and AMS 5 are prerequisite to Economics 113, Introduction to Econometrics. Therefore, students are advised to take Economics 11A-B or its equivalent as early as possible in their undergraduate career. Mathematics 11A-B, Calculus with Applications (two quarters) with Mathematics 22, Introduction to Calculus of Several Variables or Mathematics 19A-B, Calculus for Science, Engineering, and Mathematics (two quarters) with Mathematics 22, Introduction to Calculus of Several Variables are acceptable equivalents to Economics 11A-B. AMS 7, Statistical Methods for the Biological, Environmental, and Health Sciences, is an acceptable equivalent to AMS 5.  Students planning to do graduate work in economics or business should seriously consider more intensive mathematical training (consult adviser). Students who are committed to the major early in their academic career should plan to complete Economics 1, 2, 11A, 11B, and AMS 5 by the end of their sophomore year.

Students planning to do graduate work in economics or business should seriously consider additional work in mathematics. A suggested program would include the following: Economics 1, 2; Mathematics 11A-B or 19A-B, 21, 22, 24; Economics 100A/M, 100B/N, 113, 114, 115, and three other upper-division courses in economics.

COMPREHENSIVE REQUIREMENT
A comprehensive examination is required of all business management economics, economics, global economics or economics/mathematics majors.  (Please see other options for economics/mathematics combined majors under that listing.)

The comprehensive requirement may be satisfied in one of the following ways:

   1. The Economics Comprehensive Examination: By completing Economics 100A/M, 100B/N, and 113 with grades of “C” or better. Students are allowed two attempts to pass these courses. Students who fail these courses should arrange to retake them within two quarters of their initial attempt.

   2. Senior Thesis: A senior thesis may be offered to meet the comprehensive exam. A student proposing to write a senior thesis must find a faculty advisor and enroll in Economics 195. A copy of the senior thesis must be submitted to the Economics Department to be kept on file for student reference.