Major in Business Administration - Economics / Finance
Major: Business Administration Degree: B.S.
Option: Economics/Finance
Minimum Semester Hours Required: 124
Graduates with the Economics/Finance Option are well prepared for employment opportunities that demand strong analytical skills. The Economics/Finance Option focuses on how the financial function of the organization operates in the overall economy.
Economics is the study of the way society uses its limited resources to produce the goods and services that it needs. As such, it provides a logical method of analyzing the trade-offs involved in the decision-making process. These individuals are concerned with how to determine the costs, benefits, and consequences of using and distributing resources in a particular manner.
Finance focuses on all aspects of money management, such as investment, collection, disbursement, borrowing, and fund-raising. In this field, individuals oversee the flow of cash and investments and develop information to assess the present and future financial success of an organization.
Examples of Related Occupations
Actuary | Appraiser | Bank Examiner |
Bank Manager | Benefits Administrator | Business Manager |
Claims Examiner | Commodities Trader | Credit Manager |
Economist | Educator | Financial Analyst |
Financial Planner | Insurance Adjuster | Insurance Agent/Broker |
Internal Revenue Agent | International Trade Specialist | Inventory Control Specialist |
Investment Banking Analyst | Investment Banker | Loan Officer |
Management Consultant | Marketing/Sales Manager | Materials Manager |
Property Manager | Payroll Manager | Public Administrator |
Purchasing Agent | Real Estate Investor | Stock/Securities Broker |
Treasurer | Treasury Mgmt. Specialist | Underwriter |
Types of Employers
Private and Non-profit Organizations | |
Banks | Brokerage Firms |
Business Journals/Publishers | Chambers of Commerce |
Chemical Manufacturers | Collection Agencies |
Colleges/Universities | Construction Firms |
Consulting Firms | Credit Unions |
Economic Development Council | Finance Companies |
Food Manufacturers | Hospitals |
Import/Export Firms | Insurance Companies |
Investment Banks | Manufacturers |
Retailers | Transportation Companies |
Utilities | Wholesaler/Retailer Operations |
Government Agencies | |
Bureau of Economic Analysis | |
Bureau of the Public Debt | Central Intelligence Agency |
Commerce Department | Consumer Product Safety Commission |
Department of Agriculture | Department of Labor |
Environmental Protection Agency | Export Bank of the |
Farm Credit Administration | Federal Deposit Insurance Corporation |
Federal Reserve Bank | Fed. Retirement Thrift Investment Board |
Federal Trade Commission | General Services Administration |
Internal Revenue Service | National Credit Union Administration |
Office of Personnel Management | Securities and Exchange Commission |
Small Business Administration | |
In addition to meeting the general education requirements, fifty-eight hours are required for a major in Business Administration: Economics/Finance option:
BUS 127 Legal Environment for Business, 3 hours
BUS 135 Business Information Systems, 2 hours
BUS 231 Financial Accounting, 3 hours
BUS 232 Managerial Accounting, 3 hours
BUS 238 Business Communications, 3 hours
BUS 343 Principles of Marketing, 3 hours
BUS 448 International Business, 3 hours
BUS 492 Policy & Strategy, 3 hours
BUS 497 Senior Business Seminar, 2 hours
ECFN 221 Principles of Microeconomics, 3 hours
ECFN 222 Principles of Macroeconomics, 3 hours
ECFN 321 Managerial Finance, 3 hours
ECFN 342 Intermediate Corporate Finance, 3 hours
ECFN 439 Managerial Economics, 3 hours
THREE upper-level ECFN electives, 9 hours
MGT 137 Principles of Management, 3 hours
MGT 424 Management Information Systems, 3 hours