Tod Porter, Chair
(330) 941-3431
The Williamson College of Business Administration in cooperation with the Department of Economics in the College of Liberal Arts and Social Sciences offers a Bachelor of Science in Business Administration degree with a major in Business Economics.
Economics provides critical decision-making tools in all areas of business. To the manager of a firm, microeconomics theory provides strategies on how to maximize profit, techniques for measuring how customers will respond to changes in price, and how the potential profitability of the firm will vary with the level of competition. Macroeconomics theory discusses why inflation, unemployment, and interest rates change. For a manager, an important issue is how the federal government may try to change the state of the economy and how that will alter business opportunities.
Business Economics majors at Youngstown State University take courses in intermediate microeconomic theory, intermediate macroeconomic theory and complete a capstone project involving data analysis. Business economics majors also take four upper division electives that introduce them to different specializations, such as international trade, money and banking, public finance, and labor markets.
JOB OPPORTUNITIES
The Business Economics major prepares students for careers in corporate, government, and the nonprofit fields. Employers are looking for individuals with an understanding of the global economy and its connection to organizations, individuals and society. Business economists work for major corporations, investment firms and government agencies, gathering and analyzing critical information that can be used to react to fluctuating markets and business cycles. The job outlook for business economics is expected to grow due to the driven need for quantitative methods to analyze and forecast business, sales and other economic trends.
STUDENT EXPERIENCES
Business Economics majors at Youngstown State University have the opportunity to build their knowledge and leadership skills in their field through various student leadership organizations such as Actuarial Science Club, Economics Club, Beta Gamma Sigma, Enactus, and the Student Investment Fund.
4 + 1 bACHELOR/MASTER PROGRAM
The accelerated "4+1" program allows students to earn the MA in Economics in one year after completing their bachelor's degree. Students pursuing the MA in Financial Economics can complete the degree in three semesters. Undergraduate students can apply to take graduate courses after completing 78 semester hours with a GPA of 3.3 or higher. Students can take a maximum of nine semester hours of graduate coursework that can count both toward a bachelor's degree and either the MA in Economics or the MA in Financial Economics. Students who successfully complete the master's courses are encouraged to apply for a graduate assistantship.
4 + 1 Bachelors/Master Program
For more information, visit Business Economics.
| COURSE | TITLE | S.H. |
|---|---|---|
| GENERAL EDUCATION COURSES | ||
| ENGL 1550 | Writing 1 | 3 |
| ENGL 1551 | Writing 2 | 3 |
| PHIL 2628 | Business Ethics | 3 |
| CMST 1545 | Communication Foundations | 3 |
| PSYC 1560 | General Psychology | 3 |
| GE: Arts & Humanities | 3 | |
| GE: Natural Sciences One science course must include a lab | 7 | |
| GE: Social & Personal Awareness | 6 | |
| BUSINESS TOOL COURSES | ||
| Business Tool courses must be completed with the grade of a "C" or higher and cannot be taken credit/no credit. | ||
| BUS 1500 | Exploring Business | 3 |
| MATH 1552 | Applied Mathematics for Management Students interested in entering a graduate program in Economics should consider taking MATH 1571 Calculus 1 | 4 |
| ECON 2610 | Principles 1: Microeconomics | 3 |
| ECON 2630 | Principles 2: Macroeconomics | 3 |
| MGT 2604 | Legal Environment of Business 1 | 3 |
| ACCT 2602 | Financial Accounting | 3 |
| ACCT 2603 & 2603L | Managerial Accounting and Managerial Accounting Spreadsheet Lab | 4 |
| ECON 3790 | Statistics for Business and Economics | 5 |
| BUSINESS CORE COURSES | ||
| To enroll in upper level business courses student must have successfully completed ENGL 1550, ENGL 1551, PHIL 2628, CMST 1545, PSYC 1560, all Business Tool course AND have a minimum 2.5 overall GPA. | ||
| Upper level business courses must be completed with the grade of a "C" or higher and cannot be taken credit/no credit. | ||
| BUS 3715 | Principles of International Business | 3 |
| FIN 3720 | Business Finance | 3 |
| MKTG 3702 | Business Professionalism | 1 |
| MKTG 3703 | Marketing Concepts and Practice | 3 |
| MGT 3725 | Fundamentals of Management | 3 |
| MGT 3761 | Management Information Systems | 3 |
| MGT 3789 | Operations Management | 3 |
| MGT 4850 | Strategic Management and Leadership | 3 |
| ECONOMICS MAJOR REQUIREMENTS | ||
| ECON 3710 | Intermediate Microeconomic Theory spring term only | 3 |
| ECON 3712 | Intermediate Macroeconomic Theory fall term only | 3 |
| ECON 4880 | Analysis of Economic Problems fall term only | 3 |
| ECONOMICS UPPER LEVEL COURSES | 12 | |
| Select 12 SH of ECON upper level courses. 3 SH can including one of the following: ACCT 3711, MKTG 3709 or MKTG 3720. | ||
| BUSINESS UPPER LEVEL COURSES | 9 | |
| Select 9 SH of upper level business courses (ACCT, ADV, BUS, ENT, FIN, MGT, MKTG) | ||
| NON-BUSINESS ELECTIVES | 9 | |
| Total Semester Hours | 120 | |
| Year 1 | ||
|---|---|---|
| Fall | S.H. | |
| ENGL 1550 | Writing 1 | 3 |
| BUS 1500 | Exploring Business | 3 |
| MATH 1552 | Applied Mathematics for Management | 4 |
| ECON 2610 | Principles 1: Microeconomics | 3 |
| CMST 1545 | Communication Foundations | 3 |
| Semester Hours | 16 | |
| Spring | ||
| ENGL 1551 | Writing 2 | 3 |
| ECON 2630 | Principles 2: Macroeconomics | 3 |
| MGT 2604 | Legal Environment of Business 1 | 3 |
| GE: Natural Science | 3 | |
| GE: Arts & Humanities | 3 | |
| Semester Hours | 15 | |
| Year 2 | ||
| Fall | ||
| ACCT 2602 | Financial Accounting | 3 |
| PHIL 2628 | Business Ethics | 3 |
| PSYC 1560 | General Psychology | 3 |
| GE: Social & Personal Awareness | 3 | |
| GE: Lab Science | 4 | |
| Semester Hours | 16 | |
| Spring | ||
| ACCT 2603 & 2603L |
Managerial Accounting and Managerial Accounting Spreadsheet Lab |
4 |
| ECON 3790 | Statistics for Business and Economics | 5 |
| MKTG 3702 | Business Professionalism | 1 |
| GE: Social & Personal Awareness | 3 | |
| Semester Hours | 13 | |
| Year 3 | ||
| Fall | ||
| ECON 3712 | Intermediate Macroeconomic Theory | 3 |
| MKTG 3703 | Marketing Concepts and Practice | 3 |
| FIN 3720 | Business Finance | 3 |
| BUS 3715 | Principles of International Business | 3 |
| Non-Business Elective | 3 | |
| Semester Hours | 15 | |
| Spring | ||
| ECON 3710 | Intermediate Microeconomic Theory | 3 |
| MGT 3725 | Fundamentals of Management | 3 |
| MGT 3761 | Management Information Systems | 3 |
| Upper Level Business Course | 3 | |
| Upper Level Economics Course | 3 | |
| Semester Hours | 15 | |
| Year 4 | ||
| Fall | ||
| ECON 4880 | Analysis of Economic Problems | 3 |
| MGT 3789 | Operations Management | 3 |
| Upper Level Business Course | 3 | |
| Upper Level Economics Courses | 6 | |
| Semester Hours | 15 | |
| Spring | ||
| MGT 4850 | Strategic Management and Leadership | 3 |
| Upper Level Economics Course | 3 | |
| Upper Level Business Course | 3 | |
| Non-Business Courses | 6 | |
| Semester Hours | 15 | |
| Total Semester Hours | 120 | |
ENGL 1550, ENGL 1551, Business Tool and upper level business courses must be completed with the grade of a "C" or higher and cannot be taken credit/no credit.
To enroll in upper level business courses students must have successfully completed ENGL 1550, ENGL 1551, PHIL 2628, CMST 1545, PSYC 1560, all Business Tool courses AND have a minimum 2.5 overall GPA.