Liberal Arts College, Virginia College, College in Virginia, VA College, College in VA

Majors and Minors in Economics and Business Admin.

Economics Major requirements

A major in economics consists of 42 credit hours (14 three‑hour classes), comprised of 30 credits from the following nine required courses:
MATH 200 Introduction to Statistics
ECON 200 Principles of Macroeconomics
ECON 210 Principles of Microeconomics
ECON 300 Money and Banking
ECON 330 Government and Business
ECON 400 Intermediate Macroeconomic Theory
ECON 410 Intermediate Microeconomic Theory
ECON 440 International Economics
ECON 460 Senior Seminar in Economics
Plus 15 additional credits in Economics numbered 300 or above, OR nine additional credits in Economics numbered 300 or above and one of the following options:

Business Emphasis selected from (6 credits):
BUS 201 Principles of Accounting I
BUS 202 Principles of Accounting II
BUS 300 Principles of Organization Management

Government Policy Emphasis selected from (6 credits):
PSCI 210 Politics and Government in the United States
PSCI 230 Introduction to World Politics
PSCI 420 International Law and Organization

Graduate School Preparation selected from (6 credits):
MATH 131 Calculus I
MATH 132 Calculus II
Students who choose this option should consider taking additional courses beyond MATH 132 as well.

 

Economics Minor Requirements

A minor in economics consists of 24 credit hours (8 three-hour classes):
MATH 200 Introduction to Statistics
ECON 200 Principles of Macroeconomics
ECON 210 Principles of Microeconomics
ECON 400 Intermediate Macroeconomic Theory
ECON 410 Intermediate Microeconomic Theory
Plus nine additional credits in Economics numbered 300 or above.

Credits for ECON 480, 490, 491, and 500 may not be applied to the requirements for either the major or minor in economics.

 

Concentration in Financial Economics

(18 credit hours)
Majors in economics can acquire additional depth in finance by pursuing the concentration in financial economics. Six credits from the concentration may be applied to the requirements for the economics major.
BUS 201 Principles of Accounting I
BUS 202 Principles of Accounting II
BUS 320 Principles of Finance
BUS 375 Financial Statement Analysis
BUS 430 Investments
BUS 438 Issues in Finance

Students choosing to double major in economics and business administration may not earn both the financial economics concentration in economics and the finance concentration in business administration.

 

Business Administration Major Requirements

A major in business administration consists of 45 credit hours (15 three‑hour classes), comprised of the following 13 required courses:
BUS 120 Survey of Business
MATH 200 Introduction to Statistics
ECON 200 Principles of Macroeconomics
ECON 210 Principles of Microeconomics
BUS 201 Principles of Accounting I
BUS 202 Principles of Accounting II
BUS 300 Principles of Organization Management
BUS 310 Principles of Marketing
BUS 320 Principles of Finance
BUS 330 Principles of Information Systems
BUS 340 Management Science
BUS 350 Business Law
BUS 422 Entrepreneurship
OR
BUS 478 Strategic Management
Plus six additional credits in Economics or Business courses numbered 300 or above.

 

Business Administration Minor Requirements

A minor in business administration consists of 24 credit hours (8 three‑hour classes):
ECON 200 Principles of Macroeconomics
ECON 210 Principles of Microeconomics
BUS 120 Survey of Business
BUS 201 Principles of Accounting I
BUS 202 Principles of Accounting II
BUS 300 Principles of Organization Management
BUS 310 Principles of Marketing
Plus three additional credits in Economics or Business numbered 300 or above.

Credits for Business or Economics 480, 490, 491, and 500 may not be applied to the requirements for either the major or minor in business administration.

 

Business Administration Areas of Concentration

Majors in business administration are encouraged to acquire additional depth by pursuing one or more concentrations within the major. Six credits from the concentration may be applied to the requirements for the major in business administration. The capstone course for each concentration is shown in italics.

Concentration in Accounting (18 credit hours)
BUS 371 Intermediate Accounting I
BUS 372 Intermediate Accounting II
BUS 381 Federal Tax Accounting I
BUS 385 Cost Accounting
BUS 400 Advanced Accounting
BUS 405 Auditing

Accounting concentrators pursuing careers in public accounting—To comply with Virginia Boardof Accountancy (BOA) eligibility rules to sit for theCertified Public Accountant (CPA) exam, pleasesupplement your accounting concentration withtwo or more of the following courses:
BUS 370 Forensic and Investigative Accounting
BUS 375 Financial Statement Analysis
BUS 382 Federal Tax II
To sit for the CPA exam in Virginia, the Virginia Board of Accountancy requires candidates to accumulate these minimums:
120 credit hours in a baccalaureate degree that includes:
• 30 credit hours of accounting courses, and
• 24 credit hours of (non-accounting) business courses.

To become a licensed CPA in Virginia, the Virginia Board of Accountancy requires candidates to complete 150 credit hours of education plus 2,000 hours of verified accounting experience. CPA licensing requirements vary by state. If you plan to pursue CPA licensure outside of Virginia, please visit that state’s Board of Accountancy website for that state’s requirements.

Concentration in Finance (18 credit hours)
ECON 300 Money and Banking
ECON 440 International Economics
BUS 371 Intermediate Accounting I
BUS 372 Intermediate Accounting II
BUS 430 Investments
BUS 438 Issues in Finance

Concentration in International Commerce (18 credit hours)
ECON 330 Government and Business
ECON 440 International Economics
PSCI 230 Introduction to World Politics
BUS 468 Contemporary Issues in Business

Plus six credits from two of the following electives:
BUS 365 Cross-Cultural Issues in Business
FREN 202 Intermediate French
FREN 320 French Culture and Civilization
GER 202 Intermediate German
HIST 356 East Asia
HIST 358 Middle Eastern History Since A.D. 600
SPAN 202 Intermediate Spanish
SPAN 320 Latin American Culture and Civilization
SOC 306 Cultures of Japan
SOC 309 Cultures of Africa
SOC 325 Development and Underdevelopment in the Modern World

A foreign language minor and participation in a one‑semester cross‑cultural experience are recommended. Students participating in the BCA program or a similar approved international experience may apply that activity in place of the six elective credits required above.

Concentration in Marketing (18 credit hours)
BUS 315 Marketing Research
BUS 412 Professional Selling (or COMM 315: Persuasion)
BUS 416 Advertising and Related Communications
BUS 468 Contemporary Issues in Business

Plus six credits from the following electives:
BUS 414 Consumer Behavior
COMM 347 Public Relations in Organizations
ECON 410 Intermediate Microeconomic Theory
FCS 304 Fashion Merchandising
FCS 306 Fashion Promotion

Concentration in Organization Management (21 credit hours)
BUS 420 Human Resource Management
BUS 468 Contemporary Issues in Business
PHIL 320 Professional Ethics

Plus 12 credits chosen from the following two categories:
Three or six credits from:
ECON 310 U.S. Economic and Business History
ECON 320 Labor Economics
ECON 330 Government and Business
Six or nine credits from:
BUS 305 Entrepreneurial Revolution in the 21st Century
BUS 345 Supply Chain Management
BUS 365 Cross-Cultural Issues in Business
BUS 422 Entrepreneurship (if not taken as the
major capstone course)
BUS 478 Strategic Management (if not taken as the major capstone course)
ES 356 Management Concepts in Health Care
IDS 201 Foundations of Leadership

Business administration majors interested in preparing for a computer information systems-related career are encouraged to earn a minor in computer information systems or a second major in information systems management. These programs are offered in the department of mathematics and computer science.