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 major will gain knowledge about using computing as a tool for analysis of economic, statistical and financial data. Third, the major offers field placements (arranged with the economics advisers) which provide an excellent way to apply students’ academic knowledge of economics, business, and management to issues and problems in the real world; they provide marketable skills as well as important job contacts.

In cooperation with the UC Education Abroad Program (EAP), opportunities are available for students to take some business courses (taught in English) in Europe, Mexico, and Hong Kong. Students should ask the Economics Department for additional information about these programs.

Students who are committed to the major early in their academic career should plan to complete Economics 1, 2, 10A, 10B, 11A, 11B and preferably 100A, 100B, and 113 no later than the end of their sophomore year.

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)
          * 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)
          # 159 (The Economics of Organizations)
          # 160A (Industrial Organization)
          # 160B (Government and Industry)
          * 161A (Marketing)
          * 161B (Marketing Research)
          * 162 (Legal Environment of Business)
          * 164 (Economics of the Telecommunications Industry)
          * 188 (Management in the Global Economy)
          * 194 (Advanced Topics in Management)

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

# Students can use one of these courses as either a business management elective or an economics elective, but the course cannot be counted twice.

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/L (Introduction to Programming)
    * CMPS 5C (Introduction to Programming C++)
    * CMPS 5J (Introduction to Programming in Java)
    * CMPS 5P (Introduction to Programming in Python)
    * CMPS 80B (Systems and Simulation)
    * ECON 216 (Applied Econometric Analysis) - instructor permission required
    * TIM 50 (Business Information Systems)
    * TIM 58 (Systems Analysis and Design)

Additional Requirements:  Disciplinary Communication (DC)
All undergraduate majors must satisfy the campus’ Disciplinary Communication (DC) requirement. The DC requirement in economics is satisfied by completing Economics 104, Is There Truth in Numbers: The Role of Statistics in Economics; or Economics 197, Economic Rhetoric.

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 and Statistics Content Requirement:  Mathematics: Successful completion of Economics 11A and 11B, also offered as Applied Mathematics and Statistics 11A and 11B, (or equivalent) is required of all economics majors and is prerequisite to Economics 100A (or 100M), 100B (or 100N), and 113. Therefore, students are advised to take Economics 11A and 11B or their equivalent as early as possible in their undergraduate career. Mathematics 11A-B and 22 (or 23A by petition only through the math department), or 19A-B and 22 or 23A, are acceptable equivalents to Economics 11A and 11B. Students may also complete the mathematics requirement by taking Mathematics 11A or Mathematics 19A, and then Economics 11B or Applied Mathematics and Statistics 11B. Students planning to pursue graduate work in economics or business should seriously consider more intensive mathematical training; consult an adviser.

Transfer students interested in the combined Economics/Mathematics major are encouraged to complete as many lower-division (mathematics and statistics) courses as they can prior to transferring. The courses need to be equivalent to Math 19A, 19B, 23A and 23B.

Statistics: Applied Mathematics and Statistics 5, Statistics or

Applied Mathematics and Statistics 7, Statistical Methods for Biological, Environmental and Health Sciences, or

Computer Engineering 7, Statistical Reasoning in the Age of the Internet

Comprehensive Requirement
The comprehensive requirement for the economics major and the combined economics/mathematics major is satisfied by passing the following intermediate core courses with grades of C or better here at UCSC: Economics 100A or 100M, and 100B or 100N, and 113. Students may elect to complete a senior thesis with consent of an instructor in addition to completing the intermediate core courses.