Business Management Economics

An economics student with Distinguished Economics Professor Nirvikar Singh.

The business management economics major provides students who are interested in careers in business or management with a foundation in economics and a selection of applied fields related to business management. This course of study prepares students for entrance into the business world or admission to graduate programs--either the master's program in applied economics and finance at UCSC or graduate programs in business and management at other universities.

The program provides a business and management education embedded within a broader economics and liberal arts context and is closely related to the economics and global economics majors and the technology and information management major.

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 is an essential skill for those who wish to enter this field. Students in this major gain knowledge about using computing as a tool for analysis for 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 (UC EAP), opportunities are available for students to take some business courses (taught in English) in many countries in Europe and Asia. Students should ask the Economics Department for additional information about these programs.  The department allows a total of two courses from EAP to be transferred in toward major requirements as long as they have been reviewed and approved.

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.

Introductory and core requirements: Students who major in business management economics are required to take the following courses:

    * 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 (or equivalent)
    * 100A (or 100M), Intermediate Microeconomics
    * 100B (or 100N), Intermediate Macroeconomics
    * 113, Introduction to Econometrics
    * Applied Math & Statistics 5*, Statistics (or equivalent)

Electives: Students are required to take five additional courses:  four in business management and one other economics elective. Students must choose four courses from the following list; at least one of the four must be a course designated with an asterick(*):

Upper-Division Business Management Courses:

          * 101*, Managerial Economics
          * 110, Managerial Cost Accounting
          * 111A, Intermediate Accounting I
          * 111B, Intermediate Accounting II
          * 111C, Intermediate Accounting III
          * 112, Auditing and Attestation
          * 115, Introduction to Management Science
          * 116, Advanced Topics in Accounting and Ethics
          * 117A, Income Tax Factors for Individuals
          * 117B, Tax Factors of Business and Investment
          * 119, Advanced Accounting
          # 130, Money and Banking
          * 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
          * 164, Economics of the Telecommunications Industry
          * 188, Management in the Global Economy
          * 194, Advanced Topics in Management

# 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 one additional upper-division economics course from the following list:

    * 105, Topics in Macroeconomics
    * 114/L, Advanced Quantitative Methods
    * 120, Economic Development
    * 121, Economic Growth
    * 125, Economic History of the U.S.
    * 126, Why Economies Succeed or Fail
    * 128, Poverty and Public Policy
    * 130, Money and Banking
    * 140, International Trade
    * 141, International Finance
    * 142, Advanced Topics in International Finance
    * 143, Policy Issues in the International Economy
    * 148, Latin American Economies
    * 149, The Economies of East and Southeast Asia
    * 150, Public Finance
    * 156, Health Care and Medical Economics
    * 159, The Economics of Organizations
    * 160A, Industrial Organization
    * 160B, Government and Industry
    * 165, Economics as an Experimental Science
    * 166A, Game Theory and Applications I
    * 166B, Game Theory and Applications II
    * 169, Economic Analysis of the Law
    * 170, Environmental Economics
    * 171, Natural Resource Economics
    * 175, Energy Economics
    * 180, Labor
    * 183, Women in the Economy
    * 190, Senior Proseminar
    * 195, Senior Thesis
    * 199, Tutorial

Economics 191, 192, 193, 193F, 194B, 194F, 197, 198 and 198F 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 a minimum of two courses from the following list (with department approval, a student may substitute other computing 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
    * TIM 50, Business Information Systems
    * TIM 58, Systems Analysis and Design

Note:  Students with no prior programming experience are encouraged to take Computer Science 5J and Computer Science 10 rather than Computer Science 12A/L.

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.

Economics Field Study
One quarter of field study is strongly recommended. Placements and credit for Economics 193 or 198 are arranged through the economics field study coordinator.

Mathematics and Statistics Content Requirement
Mathematics Content: Successful completion of one of the calculus sequences below is required for all Economics majors, and must be taken before enrollment in Economics 100A (or 100M), 100B (or 100N), and 113. Students are advised to complete the mathematics courses as early as possible in their academic career. Students may complete the mathematics requirement for the majors in one of the following ways:

     *Economics/Applied Mathematics and Statistics 11A and 11B
     *Mathematics 11A, 11B and 22 (or 23A by petition via the Mathematics Department
     *Mathematics 19A, 19B and 23A or 22
     *Students may also complete the mathematics requirement by taking Mathematics 11A or 19A, and then   Economics/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 for guidance.

Statistics Content: One course from the following:
      *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.