Date of Submittal:
Proposed Effective Date:
Approved by School of MGMT:
Approved by Univ. Senate:

09/13/04
Spring, 2004
03/26/04

School of Management
Document No:
Contact Person:
Form 710 Needed:

MGMT-CC-03-07
J. Furdek
Yes

Subject:

Revision of the Business Economics Major

Justification:

Students selecting this major have a broad range of career objectives and these proposed changes offer greater flexibility for the major by providing options of courses required for the major.

Furthermore, the list of elective courses in the major has been expanded to reflect current course offering and listings.

Key Features:

Where a specific course was required for the major, a student has a choice between two options. MGMT 305 and ECON 353 which are currently required courses in the major would now be elective courses.

Current:

Students majoring in Business Economics will complete six major courses, which will include:

MGMT 305 Business Statistics
ECON 351 Intermediate Microeconomics
ECON 353 Business Cycles

Three additional courses will be chosen from the following:

ECON 352 Intermediate Macroeconomics

ECON 360 Econometrics

ECON 419 Managerial Economics

ECON 465 Business and Economic Forecasting
ECON 467 Economics and the Law

ECON 490 Topics in Economics

Proposed:

Students majoring in Business Economics will complete six major courses. One course will be chosen from each of the following three foundation course areas:

Microeconomics Foundation Courses

ECON 351 Intermediate Microeconomics
ECON 419 Managerial Economics

Macroeconomics Foundation Courses
ECON 352 Intermediate Macroeconomics

ECON 380 Money and Banking

Quantitative Methods Foundation Courses

ECON 360 Econometrics

ECON 465 Economic Forecasting Techniques

Three additional courses will be chosen from the following:

ECON 311 Environmental Economics

ECON 322 Public Finance and Taxation

ECON 351 Intermediate Microeconomics

ECON 352 Intermediate Macroeconomics

ECON 353 Business Cycles

ECON 360 Econometrics

ECON 380 Money and Banking

ECON 419 Managerial Economics

ECON 434 International Trade

ECON 465 Business and Economic Forecasting
ECON 467 Economics and the Law

ECON 490 Topics in Economics

MGMT 305 Business Statistics
Or other course approved by the academic advisor.

Impact on Students:

This change will provide greater flexibility in scheduling as well as in focus in the courses selected for the major.

Impact on Other Academic Units:

Summary of Discussions with
Other Academic Units:

Economics is offered by Management. No new courses are part of this proposal. Courses will continue to be offered and rotated as they have been. Other than expanded opportunities for elective courses in economics, there are no foreseeable impacts on other units.

None

Impact on University Resources:

Because of the variety of upper level courses now offered to meet the demands of the management curricula for electives, this change is possible without additional course offerings or other university resources.

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