Business Economics

Major: Business Economics
Degree Awarded: Bachelor of Science in Business Administration (BSBA)
Calendar Type: Quarter
Minimum Required Credits: 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; students are required to choose a primary major in one of the functional areas of business alongside this 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.

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 101Introduction to Civic Engagement1.0
COM 270 [WI] Business Communication (WI)3.0
COOP 101Career Management and Professional Development *1.0
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
or ENGL 111 English Composition I
ENGL 102Composition and Rhetoric II: Advanced Research and Evidence-Based Writing3.0
or ENGL 112 English Composition II
ENGL 103Composition and Rhetoric III: Themes and Genres3.0
or ENGL 113 English Composition III
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 - ENGL 399)3.0
UNIV B101The Drexel Experience1.0
UNIV B201 [WI] Career 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
Electricity and Motion
Light and Sound
General Education Electives12.0
Students select 12.0 General Education electives, with a minimum of one course in each of the following four categories.
Diversity & Multicultural
Society & Culture Courses with the following subjects and course range from 100-499. Communications (COM), English (ENGL), Fine Arts (ARCH, ARTH, DANC, DIGM, FMVD, SCRP, FMST, INTR, MUSC, PHTO, THTR, WBDV, VSST), Global Studies (GST), Language (LANG) or Philosophy (PHIL)
Social Science Courses with the following subjects and course range from 100-499. Anthropology (ANTH), Criminology and Justice Studies (CJS), History (HIST), Sociology (SOC), Political Science (PSCI), Psychology (PSY)
Science Courses with the following subjects and course range from 100-499. Computer Science (CS), Information Systems (INFO), Science, Technology and Society (SCTS)
Business Requirements
ACCT 115Financial Accounting Foundations4.0
ACCT 116Managerial Accounting Foundations4.0
BLAW 201Business Law I4.0
BUSN 101Foundations of Business I4.0
BSAN 160Business Analytics and Data Visualization4.0
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
For-Profit Business Consulting
Nonprofit Business Consulting
Startup Business Consulting
International Business Consulting
Management Simulation
Negotiations and Conflict Resolution
Sport Business Consulting
Business Statistics II
Primary Major Courses **36.0
Business Economics Requirements
ECON 301Microeconomics4.0
ECON 321Macroeconomics4.0
ECON 322 [WI] Economics Seminar (WI)4.0
or ECON 350 Applied Econometrics
Select at least 12 credits from the following:12.0
Mathematical Models in Economics
Game Theory and Applications
Economics of Small Business
Economics of Happiness
Economic Ideas (WI)
Managerial Economics
International Macroeconomics
Public Finance
Labor Economics
Industrial Organization
Economic Development
Mathematical Economics
Applied Econometrics (WI)
Economics Seminar
Resource and Environmental Economics
Time Series Econometrics
Health Economics
Behavioral Economics
Topics in Behavioral Economics
Experiments and Causality in Economics
Multinational Corporations
International Trade
International Money and Finance
Regional Studies in Economic Policies and International Business
Sport Economics
Total Credits186.0
*

COOP 101 registration is determined by the co-op cycle assigned and may be scheduled in a different term. Select students may be eligible to take COOP 001 in place of COOP 101.

Co-op cycles may vary. Students are assigned a co-op cycle (fall/winter, spring/summer, summer-only) based on their co-op program (4-year, 5-year) and major. 

Students not participating in co-op will not take COOP 101; 1 credit of Free Elective will be added in place of COOP 101.

**

Students completing the Business Analytics co-major must do so in conjunction with a primary business major. Students must select a primary major from the following list:

  • Accounting
  • Esport Business
  • Finance
  • International Business
  • Legal Studies
  • Management Information Systems
  • Marketing
  • Operations & Supply Chain Management
  • Real Estate Management and Development
  • Sport Business

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
FallCreditsWinterCreditsSpringCreditsSummerCredits
BUSN 1014.0BUSN 1024.0ACCT 1154.0VACATION
ECON 2014.0CIVC 1011.0BSAN 1604.0 
ENGL 101 or 1113.0ECON 2024.0ENGL 103 or 1133.0 
MATH 1014.0ENGL 102 or 1123.0PSY 1013.0 
UNIV B1011.0MATH 1024.0  
 16 16 14 0
Second Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
ACCT 1164.0INTB 2004.0FIN 3014.0VACATION
BLAW 2014.0MIS 2004.0MKTG 2014.0 
COM 2703.0Select one of the following:3.0OPM 2004.0 
STAT 2014.0ENGL 200 - ENGL 399 Course3.0 
Select one of the following:3.0  
  
General Education elective3.0  
Free Elective1.0  
 18 15 15 0
Third Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
ECON 3014.0ECON 3214.0BNEC Co-Major elective**4.0VACATION
ORGB 3004.0Primary Major courses*8.0Primary Major courses8.0 
PHIL 1053.0History (HIST) elective4.0General Education elective3.0 
Primary Major course*4.0   
 15 16 15 0
Fourth Year
FallCreditsWinterCreditsSpringCredits 
UNIV B2011.0MGMT 4504.0ECON 322 or 3504.0 
Primary Major courses*8.0General Education elective3.0General Education elective3.0 
BNEC Co-Major elective**4.0BNEC Co-Major elective**4.0Primary Major course*4.0 
Fine Arts elective3.0Primary Major course*4.0Select one of the following:4.0 
   
   
   
   
   
   
   
   
   
 16 15 15 
Total Credits 186
*

See degree requirements for a list of business majors that may be completed in conjunction with the business economics major.

**

See co-major requirements for list.

4 year, one co-op

First Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
BUSN 1014.0BUSN 1024.0ACCT 1154.0VACATION
ECON 2014.0CIVC 1011.0BSAN 1604.0 
ENGL 101 or 1113.0ECON 2024.0COOP 1011.0 
MATH 1014.0ENGL 102 or 1123.0ENGL 103 or 1133.0 
UNIV B1011.0MATH 1024.0PSY 1013.0 
 16 16 15 0
Second Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
ACCT 1164.0INTB 2004.0FIN 3014.0ECON 3014.0
BLAW 2014.0MIS 2004.0MKTG 2014.0ORGB 3004.0
COM 2703.0Select one of the following:3.0OPM 2004.0PHIL 1053.0
STAT 2014.0ENGL 200 - ENGL 399 Course3.0Primary Major course*4.0
Select one of the following:3.0  
  
General Education elective3.0  
   
 18 14 15 15
Third Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
COOP EXPERIENCECOOP EXPERIENCEECON 3214.0BNEC Co-Major elective**4.0
  Primary Major courses*8.0Primary Major courses*8.0
  History (HIST) elective4.0General Education elective3.0
 0 0 16 15
Fourth Year
FallCreditsWinterCreditsSpringCredits 
UNIV B2011.0MGMT 4504.0ECON 322 or 3504.0 
Primary Major courses*8.0General Education elective3.0Primary Major course*4.0 
BNEC Co-Major elective**4.0BNEC Co-Major elective**4.0General Education elective3.0 
Fine Arts elective3.0Primary Major course*4.0Select one of the following:4.0 
   
   
   
   
   
   
   
   
   
 16 15 15 
Total Credits 186
*

See degree requirements for a list of business majors that may be completed in conjunction with the business economics major.

**

See co-major requirements for list.

5 year, 3 co-op

First Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
BUSN 1014.0BUSN 1024.0ACCT 1154.0VACATION
ECON 2014.0CIVC 1011.0BSAN 1604.0 
ENGL 101 or 1113.0ECON 2024.0COOP 1011.0 
MATH 1014.0ENGL 102 or 1123.0ENGL 103 or 1133.0 
UNIV B1011.0MATH 1024.0PSY 1013.0 
 16 16 15 0
Second Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
COOP EXPERIENCECOOP EXPERIENCEACCT 1164.0INTB 2004.0
  BLAW 2014.0MIS 2004.0
  COM 2703.0Select one of the following:3.0
  STAT 2014.0
  Select one of the following:3.0
  
  General Education elective3.0
   
 0 0 18 14
Third Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
COOP EXPERIENCECOOP EXPERIENCEFIN 3014.0ECON 3014.0
  MKTG 2014.0ORGB 3004.0
  OPM 2004.0PHIL 1053.0
  ENGL 200 - ENGL 399 Course3.0Primary Major course*4.0
 0 0 15 15
Fourth Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
COOP EXPERIENCECOOP EXPERIENCEECON 3214.0BNEC Co-Major elective**4.0
  Primary Major courses*8.0Primary Major courses*8.0
  History (HIST) elective4.0General Education elective3.0
 0 0 16 15
Fifth Year
FallCreditsWinterCreditsSpringCredits 
UNIV B2011.0MGMT 4504.0ECON 322 or 3504.0 
Primary Major courses*8.0General Education elective3.0Primary Major course*4.0 
BNEC Co-Major elective**4.0BNEC Co-Major elective**4.0General Education elective3.0 
Fine Arts elective3.0Primary Major course*4.0Select one of the following:4.0 
   
   
   
   
   
   
   
   
   
 16 15 15 
Total Credits 186
*

See degree requirements for a list of business majors that may be completed in conjunction with the business economics major.

**

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. Department of Health Management and Policy. Drexel University LeBow College of Business. Health policy; health economics; data analysis methods.
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.
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