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 a bachelor's degree with more but not less than 120 credit hours. Free electives are courses in addition to the Canisius Core Curriculum or All-College Honors Curriculum and major requirements sufficient to reach the minimum number of credits required for graduation. The number of credits required to complete a bachelor's degree may vary depending on the student's major(s) and minor(s).

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 
BUS 101 
Sophomore
FallSpring
ACC 201ACC 202
ECO 205ECO 206
ECO 255ECO 256
ISB 101FIN 201
Field of Knowledge 4MGT 101
 BUS 201
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.   

Double Major: Economics and Finance (BS)

A common double major for Business Economics student is Finance. Please use the following program requirements and roadmap if you wish to add the additional major.

Curriculum

Business Core (required courses for all business majors)49-51
Economics Courses
ECO 205Intermediate Microeconomic Analysis3
ECO 206Intermediate Macroeconomic Analysis3
Economics Electives 16
Finance Courses
ECO 330Money, Banking and the Economy 23
or FIN 420 Financial Institutions and Markets
FIN 312Investments3
FIN 414Portfolio Analysis3
Finance Electives (select 4 FIN courses at the 300- or 400-level) 312
Total Credits82-84

Roadmap

Freshman
FallSpring
ENG 111ENG 112
ECO 101ECO 102
MAT 105, 109, 111, or 115MAT 106 (or Free Elective if MAT 109, MAT 111 or MAT 115 is taken in the fall.)
RST 101PHI 101
Business International Requirement IBusiness International Requirement II
BUS 101 
Sophomore
FallSpring
ACC 201ACC 202
ECO 205ECO 206
ECO 255ECO 256
ISB 101FIN 201
Field of Knowledge 4 with attributeMGT 101
 BUS 201
Junior
FallSpring
FIN 312MGT 325
MKT 201FIN 414
Field of Knowledge 1 with attributeMGT 370
Field of Knowledge 3 with attributeField of Knowledge 2 (Ethics)
Field of Knowledge 6FIN 420
 or
 ECO 330
Senior
FallSpring
ECO ElectiveECO Elective
Core CapstoneMGT 446
A&S ElectiveFinance Elective
Finance ElectiveA&S Elective
Finance ElectiveFinance Elective

Double Majors

Students who wish to expand their educational opportunities may decide to declare a double major. This decision may be based on career goals, planned graduate studies, and/or other student interests. Before a student declares a double major, it is important to meet with the appropriate academic departments for advisement.  In order to declare a double major, the student must complete the appropriate double major request form and get the signature of each department chairperson and the appropriate associate dean. 

Per college policy, each additional major requires a minimum of 15 credits that do not apply to the student's first or subsequent major.  Some double major combinations can be completed within the minimum 120 credit hour degree requirement, but in other cases additional course work may be required. Please note that students will receive only one degree, regardless of the number of majors they complete. Both (all) majors appear on a student’s transcript.