2024-2025 Catalog 
    
    Oct 14, 2024  
2024-2025 Catalog

Management Economics Major (B.A.)


Professors: Bryan, MacLeod
Associate Professors: Rahman, Skosples, Vollrath, Yazar
Assistant Professors: Georgic, Hurst, Nauman, Younkman

Emeritus Faculty: Gitter

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

 

Learning Objectives


Management Economics majors will be able to:

  • Understand and analyze the interaction of individuals and organizations in markets
  • Understand and analyze the functioning of market economies at national and global levels

  • Understand and apply accounting principles to analysis of business problems

  • Understand and apply finance principles to analysis of business problems

  • Understand and apply marketing principles to analysis of business problems

  • Use data to evaluate business problems

  • Use analytical skills to frame and analyze business problems

Major Requirements


A minimum of 12 units consisting of the following:

Elective Courses


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

Business Elective Courses


One unit of upper-level business elective.

Business electives are any course with a BUS designation and ACCT 341 , ACCT 348 ; and FIN 462 .

Economics Elective Course


One upper-level Economics (ECON) unit. 

 

General Elective


One additional upper-level unit of the student’s choice from either Business or Economics elective.

 

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.

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 (12 units) also completing an Accounting major (12 units), may not count more than three courses for both programs, so additional coursework (beyond 17 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.

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 490, 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  and FIN 361  meet 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.