Economics Concentration

PROGRAM OVERVIEW

The Department of Accounting, Finance, and Economics at Bowie State University offers a Bachelor of Science degree in business administration with a concentration in economics. The economics concentration offers a rigorous program in various aspects of economic theory and application by providing the student an additional 18 to 27 semester hours of challenging work in economics. It presents the student an opportunity to prepare for rewarding careers in business, law, or finance, as well as for graduate work in these and related areas.

The economics concentration, as a unit of the accounting, finance, and economics department, aims substantively to attain the mission of Bowie State University, which is to address the emerging educational needs of the community within the broad rubric of the educational philosophy and the legal mandate of the state of Maryland. To that end, the program offers courses ranging from economic literacy principles level to learn the rigorous training in analytical skills and applications to economic problems at the graduate level.

Courses are designed to provide students with current knowledge on the operations of world economy. The cognitive aim of the courses is to equip the students with theoretical and empirical tools of investigation and to instill in them a quantitative analytical frame of thinking and research orientation. The curriculum consists of courses that not only serve the majors in the area of economics but also serve other areas throughout the University.

PROGRAM OBJECTIVES

  1. To offer a curriculum in economics designed to provide students with a sound grounding in economic theory and an ability to apply economic reasoning in analyzing financial, managerial, and administrative aspects of business, finance, and government.
  2. To prepare students who, upon completion of their undergraduate training, will be equipped to pursue advanced degree in economics, finance, law, international business, and related areas.
  3. To offer service to students in business and other instructional areas.
  4. To provide economic literacy in global context to small businesses, minority enterprises, etc.
  5. To encourage and promote research among faculty and disseminate the research findings.

PROGRAM LEANING GOALS

1.1 Demonstrate ability to effectively articulate specific economic issues in writing and using graphs

1.2 Demonstrate ability to formulate a well written argument that states assumptions and hypotheses which are supported by evidence.

1.3 Demonstrate ability to do a written critique of economics literature

2.1 Demonstrate ability to effectively articulate specific economic issues orally

2.2 Demonstrate ability to effect an oral presentation of an argument that clearly states assumptions and hypotheses which are supported by evidence.

3.1 Demonstrate ability to apply economic analysis to evaluate a specific economic policy

3.2 Demonstrate ability to apply economic analysis to evaluate everyday problems.

3.3 Demonstrate ability to apply appropriate quantitative and qualitative skills to propose solutions to business problems

4.1 Demonstrate awareness of current global economic issues

4.2 Demonstrate awareness of diversity between and within countries

5.1 Demonstrate ability to use statistical analysis in the operational areas of business.

5.2 Demonstrate ability to apply economic analysis to propose a solution to a specific business problem
  

POTENTIAL EMPLOYERS

  • Private companies such as phone, energy, utility, retail, wholesale, communication, and financial services.
  • Consulting firms, law offices, and other think-tank groups.
  • Government and quasi-public agencies such as Department of Treasury, Labor, Defense, Agriculture, Commerce, and Energy.
  • State, county and local government economic development agencies.
  • Federal Reserve Bank and other quasi-public agencies.
  • International Agencies such as World Bank, International Monetary Funds, and others.

INTERNSHIPS AND SCHOLARSHIPS FOR MAJORS IN ECONOMICS

  • National Economic Association Summer Fellowship
  • Departments of Agriculture, State, Commerce, etc.
  • FDIC, BLS, OMB and Baltimore Federal Reserve Bank
  • Adams Future

COLLEGE OF BUSINESS REQUIREMENTS

BUAD 100 Business Math
MGMT 101 Introduction to Business
ACCT 211 Principles of Accounting I
ACCT 212 Principles of Accounting II
FINA 320 Principles of Finance
MKTG 231 Principles of Marketing
MGMT 241 Principles of Management
MGMT 344 Organizational Behavior
BUAD 350 Business Law I
BUAD 351 Business Law II
MGMT 440 Business Strategy & Policy
ECON 321 Money & Banking
ECON 351 Business & Economics Statistics
ECON 483 Quantitative Methods for Decision Making
ECON Economics Elective Upper Level (300-400)
MGMT 480 Production and Operations Management



ECONOMICS CONCENTRATION

(6 semester hours)
ECON 311 Intermediate Marco Economics or
ECON 423 Fiscal and Monetary Policies
ECON 312 Intermediate Micro Economics or
ECON 448 Managerial Economics
(21 semester hours)
ECON 313 Sports and Entertainment Economics
ECON 331  Economics and Business Applications of Math 
ECON 341 International Economics
ECON 343 Economics of Education
ECON 353 Health Economics 
ECON 363 Economics of Developing Countries
ECON 373  Environmental and Resource Economics 
ECON 383  Economics of Poverty and Income Distribution 
ECON 400  Special Topics in Economics
ECON 412 Urban Economics
ECON 422 Public Finance and Budgeting
ECON 493 Introduction to Applied Econometrics 

*300-400 level selected from the courses listed above. Calculus and computer language courses may be used as School of Business electives.