Business Economics

Major: Business Economics
Degree Awarded: Bachelor of Science in Business Administration (BSBA)
Calendar Type: Quarter
Total Credit Hours: 184.0
Co-op Options: Three Co-op (Five years); One Co-op (Four years); No Co-op (Four years)
Classification of Instructional Programs (CIP) code: 45.0601
Standard Occupational Classification (SOC) code: 11-9199; 19-3011

The Business Economics program is a "co-major."

About the Program

Economics is the study of allocating scarce resources among competing needs. The program places particular emphasis on the application of theory toward the solution of particular problems in such areas as international trade, money and finance, consumer activities, economic development, and other areas.

Drexel's Business Economics co-major is designed for students who wish to receive a sound education within a specific functional area of business (Primary major) while supplementing that knowledge with an overview of economics.

Prepares students to apply the rigorous methods of modern quantitative economics in a business context. This program combines coursework in economics and the functional fields of business administration within the context of a general scientific and humanities curriculum.

More information can be found on the School of Economics webpage.

Degree Requirements

General Education Requirements
CIVC 101Introduction to Civic Engagement1.0
COM 270 [WI] Business Communication (WI)3.0
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
ENGL 102Composition and Rhetoric II: Advanced Research and Evidence-Based Writing3.0
ENGL 103Composition and Rhetoric III: Themes and Genres3.0
MATH 101Introduction to Analysis I4.0
MATH 102Introduction to Analysis II4.0
PHIL 105Critical Reasoning3.0
PSY 101General Psychology I3.0
English literature elective: (ENGL 200 through ENGL 399)3.0
UNIV B101 [WI] The Drexel Experience1.0
UNIV B201Career Management1.0
Fine arts elective3.0
History (HIST) elective4.0
Select two of the following:6.0
Applied Cells, Genetics & Physiology
Applied Biological Diversity, Ecology & Evolution
Applied Chemistry
Applied Physics
General Education (Category) Electives *21.0
Business Requirements
ACCT 115Financial Accounting Foundations4.0
ACCT 116Managerial Accounting Foundations4.0
BLAW 201Business Law I4.0
BUSN 101Foundations of Business I4.0
BUSN 102Foundations of Business II4.0
ECON 201Principles of Microeconomics4.0
ECON 202Principles of Macroeconomics4.0
FIN 301Introduction to Finance4.0
INTB 200International Business4.0
MGMT 450Strategy and Competitive Advantage4.0
MIS 200Management Information Systems4.0
MKTG 201Introduction to Marketing Management4.0
OPM 200Operations Management4.0
ORGB 300 [WI] Organizational Behavior (WI)4.0
STAT 201Introduction to Business Statistics4.0
Select one of the following:4.0
Introduction to Entrepreneurship
Business Consulting
Business Consulting for Nonprofits
Management Simulation
Business Statistics II
Primary Major Courses32.0
Students completing the business economics co-major must do so in conjunction with a primary business major. Students must select a primary major from the following list: accounting, entrepreneurship, finance, legal studies, management information systems, marketing, or operations & supply chain management.
Business Economics Requirements
ECON 301Microeconomics4.0
ECON 321Macroeconomics4.0
ECON 322 [WI] Economics Seminar (WI)4.0
Select three of the following:12.0
Game Theory and Applications
Economic Ideas (WI)
Managerial Economics
Public Finance
Labor Economics
Industrial Organization
Economic Development
Mathematical Economics
Applied Econometrics (WI)
Resource and Environmental Economics
Time Series Econometrics
Multinational Corporations
International Trade
International Money and Finance
Regional Studies in Economic Policies and International Business
Total Credits186.0
*

 Students select seven (21.0 credits) of additional general education electives with a minimum of one course in each of the following categories:

  • Society and Culture (Communication, English, Fine Arts, International Area Studies, Language, Philosophy )
  • Social Science (Anthropology, History, Sociology, Political Science, Psychology)
  • Math and Science (Computer Science, Information Systems, Math, Science).

Sample Plan of Study

Term 1Credits
BUSN 101Foundations of Business I4.0
ECON 201Principles of Microeconomics4.0
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
MATH 101Introduction to Analysis I4.0
UNIV B101 [WI] The Drexel Experience1.0
 Term Credits16.0
Term 2
BUSN 102Foundations of Business II4.0
CIVC 101Introduction to Civic Engagement1.0
ECON 202Principles of Macroeconomics4.0
ENGL 102Composition and Rhetoric II: Advanced Research and Evidence-Based Writing3.0
MATH 102Introduction to Analysis II4.0
 Term Credits16.0
Term 3
ACCT 115Financial Accounting Foundations4.0
ENGL 103Composition and Rhetoric III: Themes and Genres3.0
PSY 101General Psychology I3.0
Select one of the following:3.0
Applied Cells, Genetics & Physiology
Applied Biological Diversity, Ecology & Evolution
 
Applied Chemistry 
Applied Physics 
General education elective3.0
 Term Credits16.0
Term 4
ACCT 116Managerial Accounting Foundations4.0
BLAW 201Business Law I4.0
COM 270 [WI] Business Communication3.0
STAT 201Introduction to Business Statistics4.0
 Term Credits15.0
Term 5
INTB 200International Business4.0
MIS 200Management Information Systems4.0
Select one of the following:3.0
Applied Cells, Genetics & Physiology
Applied Biological Diversity, Ecology & Evolution
 
Applied Chemistry 
Applied Physics 
Social Science elective3.0
 Term Credits14.0
Term 6
FIN 301Introduction to Finance4.0
MKTG 201Introduction to Marketing Management4.0
OPM 200Operations Management4.0
English literature elective (ENGL 200 through 399)3.0
 Term Credits15.0
Term 7
ECON 301Microeconomics4.0
ORGB 300 [WI] Organizational Behavior (WI)4.0
PHIL 105Critical Reasoning3.0
Primary Major course*4.0
 Term Credits15.0
Term 8
ECON 321Macroeconomics4.0
Primary Major courses*8.0
History (HIST) elective4.0
 Term Credits16.0
Term 9
ECON Co-Major course (See co-major requirements for list)4.0
Primary Major courses*8.0
Society and culture elective3.0
 Term Credits15.0
Term 10
UNIV B201Career Management1.0
Primary Major course 6*4.0
ECON Co-Major course (See co-major requirements for list)4.0
General education elective3.0
Fine arts elective3.0
 Term Credits15.0
Term 11
MGMT 450Strategy and Competitive Advantage4.0
Science or computer science elective3.0
ECON Co-Major course (See co-major requirements for list)4.0
Primary Major course*4.0
 Term Credits15.0
Term 12
ECON 322 [WI] Economics Seminar4.0
Primary Major course*4.0
Select one of the following:4.0
Introduction to Entrepreneurship 
Business Consulting 
Business Consulting for Nonprofits 
Management Simulation 
Business Statistics II 
General education electives6.0
 Term Credits18.0
Total Credit: 186.0
*

Students completing the Business Economics Co-major must do so in conjunction with a primary business major.  Students must select a primary major from the following list: Accounting, Entrepreneurship, Finance, Legal Studies, Management Information Systems, Marketing, or Operations & Supply Chain Management. 

School of Economics Faculty

Marco Airaudo, PhD (University of Pennsylvania Philadelphia). Associate Professor. Computational economics, international economics, macroeconomics and monetary economics.
Patricia Awerbuch, MBA (Drexel University). Assistant Clinical Professor. Performance of on-campus students in an online classroom designed for distance learners; business professors.
Richard Barnett, PhD (University of Minnesota). Clinical Professor. Economic theory, macroeconomics.
Sebastien Bradley, PhD (University of Michigan). Assistant Professor. Public finance, international economics.
Mian Dai, PhD (Northwestern University). Assistant Professor. Managerial economics and strategy.
Pia DiGirolamo, PhD (Purdue University). Assistant Clinical Professor. Macroeconomics, international finance.
Matthew Freedman, PhD (University of Maryland). Associate Professor. Labor economics, public economics.
Shawkat M. Hammoudeh, PhD (University of Kansas). Professor. Applied econometrics, financial economics, international economics, and natural resource economics.
Teresa D. Harrison, PhD (University of Texas Austin) Associate Dean, Academic Affairs. Associate Professor. <em>School of Economics</em> Econometrics, public finance, industrial organization, empirical microeconomics including health and nonprofit organizations.
Paul E. Jensen, PhD (Penn State University) Associate Dean, College of Business. Associate Professor. International trade. Primary research interest is international trade, particularly in empirical studies of international trade patterns.
Bang Nam Jeon, PhD (Indiana University) Department of Economics and International Business. Professor. Financial economics, world financial market linkages, foreign direct investment flows in the Asia-Pacific economies, the Korean economy: currency crisis, FDI, and macroeconomic issues, regional economic integration and newly industrializing economies: the
Stephen Joyce, MA (Temple University). Assistant Clinical Professor. Education and human capital.
Andre Kurmann, PhD (University of Virginia). Associate Professor. Computational economics, financial economics, labor economics, macroeconomics and monetary economics.
Christopher A. Laincz, PhD (Duke University). Associate Professor. Economic development, technological change, and growth, industrial organization, macroeconomics and monetary economics.
Philip Luck, PhD (University of Califorinia, Davis). Assistant Professor. International economics, international trade.
Vibhas Madan, PhD (Michigan State University). Professor. International trade theory, applied microeconomics.
Roger A. McCain, PhD (Louisiana State University). Professor. Computational economics, game theory.
Bruce D. McCullough, PhD (University of Texas Austin). Professor. Applied Econometrics, Data Mining, Econometric Techniques, Reliability of Statistical and Econometric Software.
Irina Murtazashvili, PhD (Michigan State University). Assistant Professor. Applied econometrics.
Maria Olivero, PhD (Duke University). Associate Professor. Macroeconomics, international finance.
Eydis Olsen, MA (American University). Clinical Associate Professor. Macroeconomics, political economy.
Tristan Potter, PhD (Boston College). Assistant Professor. Macroeconomics, labor.
Konstantinos Serfes, PhD (University of Illinois at Champaign-Urbana). Professor. Industrial organization; microeconomics.
Ricardo Serrano-Padial, PhD (University of California at San Diego). Assistant Professor. Microeconomics theory, information economics with applications in finance, macroeconomics and industrial organization.
Mark Stehr, PhD (University of California at Berkeley) Assistant Director School of Economics. Associate Professor. Health economics, health behaviors, public finance, public policy.
Constantinos Syropoulos, PhD (Yale University) Trustee Professor of International Economics. Professor. International trade, political economy, applied microeconomics.
Matthew Weinberg, PhD (Princeton University). Associate Professor. Antitrust and regulation, applied econometrics, industrial organization.
Yoto Yotov, PhD (Boston College). Associate Professor. International trade, applied microeconomics, political economy.

Emeritus Faculty

Edward C. Koziara, PhD (University of Wisconsin). Professor Emeritus. Applied micro and macro economics.
Bijou Yang Lester, PhD (University of Pennsylvania). Professor Emeritus. Behavioral characteristics of shopping on-line, economic issues of electronic commerce, contingent employment and part-time work, the economy and suicide.
Andrew G. Verzilli, PhD (Boston College). Professor Emeritus. Teaching effectiveness in economics; economics and financial history.
Chiou-shuang Yan, PhD (Purdue University). Professor Emeritus. International economics, input-output analysis.
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