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Business Economics

Major: Business Economics
Degree Awarded: Bachelor of Science in Business Administration (BSBA)
Calendar Type: Quarter
Total Credit Hours: 186.0
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; 19-3022; 25-1063

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 emphasis on the application of economics toward the solution of problems in international trade, money and finance, consumer activities, competitive strategy, 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.

Additional Information

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

Degree Requirements

General Education Requirements
CIVC 101	Introduction to Civic Engagement	1.0
COM 270 [WI]	Business Communication (WI)	3.0
COOP 101	Career Management and Professional Development	1.0
ENGL 101	Composition and Rhetoric I: Inquiry and Exploratory Research	3.0
or ENGL 111	English Composition I
ENGL 102	Composition and Rhetoric II: Advanced Research and Evidence-Based Writing	3.0
or ENGL 112	English Composition II
ENGL 103	Composition and Rhetoric III: Themes and Genres	3.0
or ENGL 113	English Composition III
MATH 101	Introduction to Analysis I	4.0
MATH 102	Introduction to Analysis II	4.0
PHIL 105	Critical Reasoning	3.0
PSY 101	General Psychology I	3.0
English literature elective: (ENGL 200 - ENGL 399)		3.0
UNIV B101	The Drexel Experience	1.0
UNIV B201 [WI]	Career Management	1.0
Fine Arts elective		3.0
History (HIST) elective		4.0
Select two of the following:		6.0
BIO 100	Applied Cells, Genetics & Physiology
or BIO 101	Applied Biological Diversity, Ecology & Evolution
CHEM 151	Applied Chemistry
PHYS 151	Applied Physics
General Education (Category) Electives *		16.0
Business Requirements
ACCT 115	Financial Accounting Foundations	4.0
ACCT 116	Managerial Accounting Foundations	4.0
BLAW 201	Business Law I	4.0
BUSN 101	Foundations of Business I	4.0
BSAN 160	Business Analytics and Data Visualization	4.0
BUSN 102	Foundations of Business II	4.0
ECON 201	Principles of Microeconomics	4.0
ECON 202	Principles of Macroeconomics	4.0
FIN 301	Introduction to Finance	4.0
INTB 200	International Business	4.0
MGMT 450	Strategy and Competitive Advantage	4.0
MIS 200	Management Information Systems	4.0
MKTG 201	Introduction to Marketing Management	4.0
OPM 200	Operations Management	4.0
ORGB 300 [WI]	Organizational Behavior (WI)	4.0
STAT 201	Introduction to Business Statistics	4.0
Select one of the following:		4.0
MGMT 260	Introduction to Entrepreneurship
MGMT 370	For-Profit Business Consulting
MGMT 371	Nonprofit Business Consulting
MGMT 451	Management Simulation
STAT 202	Business Statistics II
Primary Major Courses		32.0
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 301	Microeconomics	4.0
ECON 321	Macroeconomics	4.0
ECON 322 [WI]	Economics Seminar (WI)	4.0
or ECON 350	Applied Econometrics
Select three of the following:		12.0
ECON 250	Game Theory and Applications
ECON 260	Economics of Small Business
ECON 326 [WI]	Economic Ideas (WI)
ECON 330	Managerial Economics
ECON 331	International Macroeconomics
ECON 334	Public Finance
ECON 336	Labor Economics
ECON 338	Industrial Organization
ECON 342	Economic Development
ECON 348	Mathematical Economics
ECON 350 [WI]	Applied Econometrics (WI)
or ECON 322	Economics Seminar
ECON 351	Resource and Environmental Economics
ECON 360	Time Series Econometrics
ECON 361	Health Economics
ECON 365	Behavioral Economics
INTB 332	Multinational Corporations
INTB 334	International Trade
INTB 336	International Money and Finance
INTB 338	Regional Studies in Economic Policies and International Business
SMT 320	Sport Economics
Total Credits		186.0

Students complete (16.0 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).

Writing-Intensive Course Requirements

In order to graduate, all students must pass three writing-intensive courses after their freshman year. Two writing-intensive courses must be in a student's major. The third can be in any discipline. Students are advised to take one writing-intensive class each year, beginning with the sophomore year, and to avoid “clustering” these courses near the end of their matriculation. Transfer students need to meet with an academic advisor to review the number of writing-intensive courses required to graduate.

A "WI" next to a course in this catalog may indicate that this course can fulfill a writing-intensive requirement. For the most up-to-date list of writing-intensive courses being offered, students should check the Writing Intensive Course List at the University Writing Program . Students scheduling their courses can also conduct a search for courses with the attribute "WI" to bring up a list of all writing-intensive courses available that term.

Sample Plan of Study

4 year, no co-op

First Year
Fall	Credits	Winter	Credits	Spring	Credits	Summer	Credits
BUSN 101	4.0	BUSN 102	4.0	ACCT 115	4.0	VACATION
ECON 201	4.0	CIVC 101	1.0	ENGL 103 or 113	3.0
ENGL 101 or 111	3.0	ECON 202	4.0	PSY 101	3.0
MATH 101	4.0	ENGL 102 or 112	3.0	Select one of the following:	3.0
UNIV B101	1.0	MATH 102	4.0	BIO 100 or 101
				CHEM 151
				PHYS 151
				General Education elective	3.0
	16		16		16		0
Second Year
Fall	Credits	Winter	Credits	Spring	Credits	Summer	Credits
ACCT 116	4.0	INTB 200	4.0	FIN 301	4.0	VACATION
BLAW 201	4.0	MIS 200	4.0	MKTG 201	4.0
COM 270	3.0	Select one of the following:	3.0	OPM 200	4.0
STAT 201	4.0	BIO 100 or 101		English Literature elective (ENGL 200 - ENGL 399)	3.0
		CHEM 151
		PHYS 151
		Social Science elective	3.0
	15		14		15		0
Third Year
Fall	Credits	Winter	Credits	Spring	Credits	Summer	Credits
ECON 301	4.0	ECON 321	4.0	ECON Co-Major course ^**	4.0	VACATION
ORGB 300	4.0	Primary Major courses^*	8.0	Primary Major courses	8.0
PHIL 105	3.0	History (HIST) elective	4.0	Society and Culture elective	3.0
Primary Major course^*	4.0
	15		16		15		0
Fourth Year
Fall	Credits	Winter	Credits	Spring	Credits
UNIV B201	1.0	MGMT 450	4.0	ECON 322	4.0
Primary Major course^*	4.0	Science or Computer Science elective	3.0	Primary Major course^*	4.0
ECON Co-Major course^**	4.0	ECON Co-Major course^**	4.0	Select one of the following:	4.0
General Education elective	3.0	Primary Major course^*	4.0	MGMT 260
Fine Arts elective	3.0			MGMT 370
				MGMT 371
				STAT 202
				General Education electives	6.0
	15		15		18
Total Credits 186

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.

See co-major requirements for list.

4 year, one co-op

First Year
Fall	Credits	Winter	Credits	Spring	Credits	Summer	Credits
BUSN 101	4.0	BUSN 102	4.0	ACCT 115	4.0	VACATION
ECON 201	4.0	CIVC 101	1.0	COOP 101	1.0
ENGL 101 or 111	3.0	ECON 202	4.0	ENGL 103 or 113	3.0
MATH 101	4.0	ENGL 102 or 112	3.0	PSY 101	3.0
UNIV B101	1.0	MATH 102	4.0	Select one of the following:	3.0
				BIO 100 or 101
				CHEM 151
				PHYS 151
				General Education elective	3.0
	16		16		17		0
Second Year
Fall	Credits	Winter	Credits	Spring	Credits	Summer	Credits
ACCT 116	4.0	INTB 200	4.0	FIN 301	4.0	ECON 301	4.0
BLAW 201	4.0	MIS 200	4.0	MKTG 201	4.0	ORGB 300	4.0
COM 270	3.0	Select one of the following:	3.0	OPM 200	4.0	PHIL 105	3.0
STAT 201	4.0	BIO 100 or 101		English literature elective (ENGL 200 - ENGL 399)	3.0	Primary Major course*	4.0
		CHEM 151
		PHYS 151
		Social Science elective	3.0
	15		14		15		15
Third Year
Fall	Credits	Winter	Credits	Spring	Credits	Summer	Credits
COOP EXPERIENCE		COOP EXPERIENCE		ECON 321	4.0	ECON Co-Major course^**	4.0
				Primary Major courses^*	8.0	Primary Major courses^*	8.0
				History (HIST) elective	4.0	Society and Culture elective	3.0
	0		0		16		15
Fourth Year
Fall	Credits	Winter	Credits	Spring	Credits
UNIV B201	1.0	MGMT 450	4.0	ECON 322	4.0
Primary Major course^*	4.0	Science or Computer Science elective	3.0	Primary Major course^*	4.0
Econ Co-Major course^**	4.0	ECON Co-Major course^**	4.0	Select one of the following:	4.0
General Education elective	3.0	Primary Major course^*	4.0	MGMT 260
Fine Arts elective	3.0			MGMT 370
				MGMT 371
				MGMT 451
				STAT 202
				General Education electives	5.0
	15		15		17
Total Credits 186

See co-major requirements for list.

5 year, 3 co-op

First Year
Fall	Credits	Winter	Credits	Spring	Credits	Summer	Credits
BUSN 101	4.0	BUSN 102	4.0	ACCT 115	4.0	VACATION
ECON 201	4.0	CIVC 101	1.0	COOP 101	1.0
ENGL 101 or 111	3.0	ECON 202	4.0	ENGL 103 or 113	3.0
MATH 101	4.0	ENGL 102 or 112	3.0	PSY 101	3.0
UNIV B101	1.0	MATH 102	4.0	Select one of the following:	3.0
				BIO 100 or 101
				CHEM 151
				PHYS 151
				General Education elective	3.0
	16		16		17		0
Second Year
Fall	Credits	Winter	Credits	Spring	Credits	Summer	Credits
COOP EXPERIENCE		COOP EXPERIENCE		ACCT 116	4.0	INTB 200	4.0
				BLAW 201	4.0	MIS 200	4.0
				COM 270	3.0	Select one of the following:	3.0
				STAT 201	4.0	BIO 100 or 101
						CHEM 151
						PHYS 151
						Social Science elective	3.0
	0		0		15		14
Third Year
Fall	Credits	Winter	Credits	Spring	Credits	Summer	Credits
COOP EXPERIENCE		COOP EXPERIENCE		FIN 301	4.0	ECON 301	4.0
				MKTG 201	4.0	ORGB 300	4.0
				OPM 200	4.0	PHIL 105	3.0
				English literature elective (ENGL 200 - ENGL 399)	3.0	Primary Major course^*	4.0
	0		0		15		15
Fourth Year
Fall	Credits	Winter	Credits	Spring	Credits	Summer	Credits
COOP EXPERIENCE		COOP EXPERIENCE		ECON 321	4.0	ECON Co-Major course^**	4.0
				Primary Major courses^*	8.0	Primary Major courses^!	8.0
				History (HIST) elective	4.0	Society and Culture elective	3.0
	0		0		16		15
Fifth Year
Fall	Credits	Winter	Credits	Spring	Credits
UNIV B201	1.0	MGMT 450	4.0	ECON 322	4.0
Primary Major course^*	4.0	Science or Computer Science elective	3.0	Primary Major course^*	4.0
ECON Co-Major course^**	4.0	ECON Co-Major course^**	4.0	Select one of the following:	4.0
General Education elective	3.0	Primary Major course^*	4.0	MGMT 260
Fine Arts elective	3.0			MGMT 370
				MGMT 371
				STAT 202
				General Education electives	5.0
	15		15		17
Total Credits 186

See co-major requirements for list.

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). Associate Clinical Professor. Distance learning, environmental economics.

Richard Barnett, PhD (University of Minnesota). Clinical Professor. Economic theory, macroeconomics.

Sebastien Bradley, PhD (University of Michigan). Associate Professor. Public finance, international economics.

Mian Dai, PhD (Northwestern University). Associate Professor. Industrial Organization.

Pia DiGirolamo, PhD (Purdue University). Associate Clinical Professor. Forensic economics, distance learning.

Shawkat M. Hammoudeh, PhD (University of Kansas). Professor. Applied econometrics, financial economics, international economics, and natural resource economics.

Teresa Harrison, PhD (University of Texas Austin) Academic Director of the Center for Nonprofit Governance. Professor. Econometrics, public finance, industrial organization, empirical microeconomics including health and nonprofit organizations.

Paul E. Jensen, PhD (Penn State University) Nina Henderson Provost. Professor. International trade.

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.

Ohyun Kwon, PhD (University of Wisconsin, Madison). Assistant Professor. International Trade and Trade Agreements

Christopher A. Laincz, PhD (Duke University). Associate Professor. Economic development, technological change, and growth, industrial organization, macroeconomics and monetary economics.

Vibhas Madan, PhD (Michigan State University) R John Chapel Jr. Dean. Professor. International trade theory, applied microeconomics.

Roger A. McCain, PhD (Louisiana State University) Co-director. Professor. Computational economics, game theory.

Irina Murtazashvili, PhD (Michigan State University). Associate Professor. Applied econometrics.

Maria Olivero, PhD (Duke University). Associate Professor. Open Economy macroeconomics, mathematical and quantitative methods, macroeconomics.

Eydis Olsen, MA (American University). Associate Clinical Professor. International business, banking.

Tristan Potter, PhD (Boston College). Assistant Professor. Macroeconomics, labor.

Konstantinos Serfes, PhD (University of Illinois at Champaign-Urbana). Professor. Industrial organization; microeconomics; game theory

Ricardo Serrano-Padial, PhD (University of California at San Diego). Associate Professor. Microeconomics theory, information economics with applications in finance, macroeconomics and industrial organization.

Mark Stehr, PhD (University of California at Berkeley) Director School of Economics. 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.

Yoto Yotov, PhD (Boston College). 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.