2023-2024 Catalog

Nov 23, 2024

2023-2024 Catalog [ARCHIVED CATALOG]

Management Economics Major

Professor MacLeod
Associate Professors Bryan, Rahman, Skosples, Vollrath, Yazar
Assistant Professors Georgic, Hurst, West, Younkman

Emeritus Faculty: Professor Gitter

This major combines coverage of basic economic theory and its application with management courses.

Learning Objectives

For the economics and management economics majors, the department of Economics and Business reviews student

learning with respect to the following learning goals:

• Development of analytical and critical thinking skills

• Knowledge in core areas with an integrative view of economic concepts.

• Ability to interpret, analyze and present data

• Demonstrating command of the knowledge through effective communication of written and

spoken word, and asking pertinent and constructive questions.

Major Requirements

A minimum of 14 units consisting of the following:

Required Courses

9 minimum units

ECON 110 , ECON 251 , ECON 252 , ECON 255 or ECON 259 , ACCT 217 , BUS 120 , FIN 280 (0.5 unit); either FIN 331 (0.5 unit) or FIN 361 (can only receive credit for one); either ECON 499 or BUS 499 ; and one of MATH 105 or MATH 230 or PSYC 210 . A grade of C- or better in ECON 499 (or capstone substitute course) or BUS 499 is required. It is recommended that the statistics course be completed by the end of the sophomore year, as it is a prerequisite for ECON 251 and ECON 252 .

Elective Courses

5 minimum upper-level units (numbered 250 or above)

Business Elective Courses

Two units of upper-level business electives.

At least one unit of business courses from ACCT 341 , ACCT 348 ; BUS 264 , BUS 269 , BUS 307 (may be repeated with different topics), BUS 300 6, BUS 320 , BUS 340 , BUS 345, BUS 363 , BUS 410 , BUS 425 , FIN 462 , BUS 476 , BUS 490, BUS 491 , BUS 495 , or BUS 499 . No more than one accounting course can be used. If ACCT 341 or ACCT 348 is used for the Accounting major or minor, it cannot be used in completion of the business elective requirement.

Advanced Course

At least one unit of business courses from BUS 425 , BUS 476 , BUS 410 , or FIN 462

Economics Elective Courses

Two upper-level Economics (ECON) units. Of these two units, at least one must be an Advanced ECON course, with the remaining units from any other ECON courses. (NOTE: If both ECON 255 and ECON 259 are taken, one will serve as the required course, and the other may be used as one of the electives.)

Advanced Course

(an Economics Advanced Course is one that has ECON 252 as a prerequisite): ECON 372 , ECON 375 , ECON 378 , ECON 385 , ECON 387 , or ECON 388 .

General Elective

One additional upper-level unit of the student’s choice from either Business or Economics, after consultation with the Department Chair.

International Courses

Of the five elective courses, one must have an international emphasis. Qualifying courses include ECON 282 , ECON 345, ECON 353 , ECON 370 , and ECON 372 ; BUS 345 and BUS 476 . This course may also be used toward fulfillment of the other elective categories (Business, Economics, or General), noted above.

Note(s):

Students can choose to complete either FIN 331 Core Financial Concepts (0.5 unit) or FIN 361 Financial Management (1.0 unit). Credit is not earned for both.

Students must take a senior seminar, either ECON 499 or BUS 499 . If students take more than one, the second seminar can be used to meet an elective requirement. Students must pre-register for senior seminars in the Economics Department spring semester of their junior year.

Recommended: ENG 310 and MATH 110 for those considering graduate work in business.

Other Information

Majors should be declared no later than the sophomore year. In order to declare a Management Economics major, a student must have either a) a 2.5 cumulative University grade point average, or b) a 2.0 cumulative University grade point average and have earned a B in one course taken in the intended major or minor track.

Some major/ minor combinations are permitted, but a minor in business or economics may not be combined with a major in management economics or international business.

A general principle followed by the department is that no more than three courses may be counted towards completing requirements in more than one program. For example, a Management Economics major (14 units) also completing an Accounting major (12 units), may not count more than three courses for both programs, so additional coursework (beyond 23 units) will be required to complete requirements for this combination of programs. Additionally, if the Accounting major is combined with another major or minor in the department (business administration major, finance major, management economics major, business minor), ACCT 341 , ACCT 348 , or ACCT 349 may only be chosen as an elective course for one designation.

It is recommended that the statistics course (MATH 105 or MATH 230 or PSYC 210 ) be completed by the end of the sophomore year. MATH 105 may not be taken for credit after receiving credit for MATH 110 or above.

Students considering a second economics course should consider courses numbered in the 200s.

All elective courses must be upper-level (numbered 250 or above). Only one unit of 495 may be counted and a maximum of two units from 490A, 490B, 491, and 495 may be counted toward any major in the Economics department. BUS courses do not count toward the economics electives, and ECON courses will not count toward the management electives.

Students must attain a minimum 2.0 grade point average in their major, and a C- or better in the senior seminar, to graduate. Courses eligible to be counted in the major or minor cannot be taken credit/no entry. All pre-requisite courses must be successfully passed with a grade of C- or better to qualify for enrollment in the subsequent course.

A maximum of 13 units of credit in any one discipline (accounting, business, or economics) and 17 total units of credit in the economics department may be counted in the 34 units required for graduation. Additional discipline or department units will result in greater than 34 units required for graduation.

Competencies

ECON 110 meets the Reason Formally and Quantitatively competency.

ECON 251 meets the Question Scientifically competency.

ECON 260 meets the Act Responsibly competency.

ECON 277 meets the Examine Power and Inequalities competency.

ECON 282 meets the Act Responsibly competency.

ECON 353 meets the Act Responsibly competency.

A-Levels, International Baccalaureate, Advanced Placement, and Other Credits

Students who pass A-Levels in Economics with a C or better will receive a total of two credits; one for ECON 110 and one general unit of lower-level Economics credit.

Students who pass A-Levels in Accounting with a C or better will receive a total of only one credit, and that will be for ACCT 217 .

Students who pass A-Levels in Business with a C or better will receive a total of only one credit, and that will be a general-unit of lower level business credit.

Information on credit for International Baccalaureate and Advanced Placement may be found in the Academic Regulations and Procedures section of this Catalog.

Students may use a proficiency examination or an advanced placement examination to meet the requirements of ECON 110 . Information on the proficiency examination for ECON 110 will be given during new student orientation. Advanced Placement Rules are listed in the Academic Regulations and Procedures section of this Catalog.

Students who transfer courses to Ohio Wesleyan University should consult with the department chair regarding the appropriate credit to be awarded. If several courses are transferred at less than 1.0 unit (3.7 credits), additional courses may be required. For all majors and minors in the department, a majority of the courses must be completed at OWU.