Business Economics (BS)

Chair: Mark P. Zaporowski, PhD

Introduction

Economics BS Program – Business Economics

The objective of the Economics curriculum is to provide students with an understanding of the economic environment in which they will participate as professionals. The major in Economics requires a sequence of economics courses from which the student is expected to obtain an understanding of the economic environment and the ability to develop solutions to economic problems that exist in society. In addition, Business Economics majors in the Richard J. Wehle School of Business take a set of courses called the Business Core Curriculum.  The Business Core is designed to provide students with a breadth of important business skills and knowledge that will allow them to grow and become leaders in their organizations.

Many economics graduates find rewarding and challenging employment in government and industry positions where their specialized training is put to the test and found valuable. Other students choose to deepen their knowledge of economics by attending graduate school. Still others find professional studies in business, law and health sciences more rewarding because of their economics training.  For further information about this program, please consult the Economics webpage.  We also offer a BA in Economics.

Curriculum

An Ignatian Foundation

All undergraduate students must complete either the Canisius Core Curriculum or the All-College Honors Curriculum. Many schools refer to their college-wide undergraduate requirements as "general education" requirements. We believe that the core curriculum and the honors curriculum are more than a series of required classes; they provide the basis for a Jesuit education both with content and with required knowledge and skills attributes that are central to our mission.

Free Electives

Students may graduate with more but not less than 120 credit hours. Free electives are courses in addition to the Core Curriculum or Honors Curriculum and major requirements sufficient to reach the minimum of 120 credit hours required for graduation.

Major Requirements

Business Core (required courses for all business majors) 149-51
ECO 205Intermediate Microeconomic Analysis3
ECO 206Intermediate Macroeconomic Analysis3
Economics Electives (4 courses, see text below)12
Total Credits67-69

Economics Electives

Students must take four 300- or 400-level Economics (ECO) or Finance (FIN) courses. Up to 2 of the following courses (with a minimum grade of C- in each) may be substituted for Economics elective credit:

MAT 112Calculus II4
MAT 211Calculus III4
MAT 219Linear Algebra4
MAT 222Differential Equations3
Accounting courses beyond ACC 202

Roadmap

Recommended Semester Schedule for Major Course Requirements

Freshman
FallSpring
ENG 111ENG 112
ECO 101ECO 102
Select one of the following:MAT 106 (or Free Elective if MAT 109, MAT 111 or MAT 115 is taken in the fall.)
MAT 105 or MAT 109, MAT 111, or MAT 115PHI 101
RST 101Business International Requirement II
Business International Requirement I 
Sophomore
FallSpring
ACC 201ACC 202
ECO 205ECO 206
ECO 255ECO 256
ISB 101FIN 201
Field of Knowledge 4MGT 101
Junior
FallSpring
ECO ElectiveECO Elective
MKT 201MGT 325
Field of Knowledge 1MGT 370
Field of Knowledge 3Field of Knowledge 2 (Ethics)
Field of Knowledge 6A&S Elective
Senior
FallSpring
ECO ElectiveECO Elective
Core CapstoneMGT 446
A&S ElectiveA&S Elective
Free ElectiveA&S Elective
Free ElectiveFree Elective

Learning Goals & Objectives

Student Learning Goal 1

ECONOMICS MAJORS WILL be able to critically assess economic arguments.

Students will be able to: 
  • Objective A: Analyze economic arguments using economic models.
  • Objective B: Be able to apply statistical tools in the analysis of economic arguments.

Student Learning Goal 2

STUDENTS WILL be able to apply MACROECONOMIC theory in analysis of economic growth and the problems of unemployment and inflation.

Students will be able to: 
  • Objective A: Display an understanding of the determinants of macroeconomic equilibrium.
  • Objective B: Analyze the impact of exogenous shocks and various fiscal and monetary policies on macroeconomic equilibrium. 

Student Learning Goal 3

STUDENTS WILL be able to apply MICROECONOMIC theory to explain the behavior of consumers and firms in a market economy.

Students will be able to:  
  • Objective A: Display an understanding of the determinants of the consumer choice given the constraints of limited household income and market prices.
  • Objective B: Display an understanding of firm behavior under alternative market structures.