Business Economics, BSB

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Program Description

“Economics” comes from the Greek oikos, meaning “house,” and nemein, meaning “to manage.” Economics is the social science that studies how people manage their resources. In modern economics this includes an individual deciding how to use their time; a family managing its budget; a small business controlling its costs; a cultural organization planning its priorities; a city balancing a tight budgetwith demands for services; a large company working to control the cost of health insurance for its employees; a national government fighting unemployment, poverty, or inflation; and the world community reducing air emissions of mercury and climate-altering greenhouse gases.

The economics program equips students to pursue careers in business and government and prepares them for graduate study in economics, business, or law. Our graduates have achieved success as executives in a wide variety of industries and are employed as professional economists in such diverse areas as urban economics, workforce and training analysis, business forecasting, school finance consulting, evaluation of health and delivery systems, budget analysis, market consulting, government planning, banking, and statistical analysis. Some of our graduates continue their education in our master’s program in social and applied economics. The program outlined here is designed to give our students both the background that will broaden their future options and the specific skills necessary to apply economic ideas. This includes the ability to express economic ideas clearly and concisely.

Departmental faculty advisors are available to all students who need advice about formulating and reaching career goals, as well as making decisions about elective courses.

Combined B.S.B - M.S. Program Option

Undergraduate economics majors with at least junior standing and at least 30 credit hours remaining until completion of their bachelor’s degree are eligible to apply for a combined B.A. or B.S.B - M.S. program. This is an accelerated path to the M.S. in social and applied economics. Students will take two graduate level economics electives during their senior year which will count toward both their bachelor’s degree in economics and  their M.S. in social and applied economics.

For additional information:

• Business Economics, BSB
• Department of Economics
• Raj Soin College of Business

Program Requirements:

I. Wright State Core: 39 Hours

ELEMENT ONE: 6 HOURS

ELEMENT TWO: 4 HOURS

Required:

• MTH 2280 - Business Calculus Credit Hour(s): 4

• OR

• EC 1050 - Elementary Mathematical Economic and Business Models and Methods Credit Hour(s): 4

ELEMENT THREE: 6 HOURS

ELEMENT FOUR: 3 HOURS

ELEMENT FIVE: 6 HOURS

Required:

• EC 2040 - Principles of Microeconomics Credit Hour(s): 3 or
• EC 2050 - Principles of Macroeconomics Credit Hour(s): 3 (one course: 3 hrs)

•  

• FIN 2050 - Personal Financial Decision Making Credit Hour(s): 3

ELEMENT SIX: 8 HOURS

ADDITIONAL CORE COURSES: 6 HOURS

Required: Select either

• EC 2040 - Principles of Microeconomics Credit Hour(s): 3 or
• EC 2050 - Principles of Macroeconomics Credit Hour(s): 3 (one course: 3 hrs) not taken for Element Five

II. Business Core Requirements: 42 Hours

COURSES THAT MAY BE TAKEN PRIOR TO ADMISSION TO RSCOB:

• ACC 2010 - Accounting Principles I Credit Hour(s): 3
• ACC 2020 - Accounting Principles II Credit Hour(s): 3
• MS 2040 - Introduction to Business Statistics Credit Hour(s): 3
• MS 2050 - Quantitative Business Modeling Credit Hour(s): 3
• MKT 2500 - Principles of Marketing Credit Hour(s): 3
• FIN 2210 - Financial Management I Credit Hour(s): 3

COURSES THAT REQUIRE ADMISSION TO RSCOB:

• ENG 3000 - Business Writing Credit Hour(s): 3
• LAW 3000 - Legal Environment of Business Credit Hour(s): 3
• MGT 3100 - Management and Organizational Behavior Credit Hour(s): 3
• MIS 3000 - Fundamentals of Information Systems Credit Hour(s): 3
• SCM 3070 - Operations and Supply Chain Management Credit Hour(s): 3
• MGT 3110 - Business Ethics and Leadership Development Credit Hour(s): 3
• MGT 4990 - Strategy: Domestic & International Perspectives Credit Hour(s): 3

III. Economics Major Requirements: 27 Hours

• EC 3150 - Intermediate Microeconomics Credit Hour(s): 3
• EC 3170 - Intermediate Macroeconomics Credit Hour(s): 3
• EC 3190 - Institutional Economics Credit Hour(s): 3
• EC 4090 - Introduction to Econometrics Credit Hour(s): 3
• EC Electives Credit Hour(s): 15

IV. Electives: 12 Hours

Total: 120 Hours

Graduation Planning Strategy

The Graduation Planning Strategy (GPS) has been created to illustrate one option to complete degree requirements within a particular time frame. Students are encouraged to meet with their academic advisor to adjust this plan based on credit already earned, individual needs or curricular changes that may not be reflected in this year’s catalog.

• Business Economics (3 yr) (GPS)

• Business Economics (GPS)