Economics, Bachelor of Science in Business Administration (BSBA)
A student pursuing a bachelor of science in business administration degree can choose to major in economics. Economics studies how markets allocate resources to promote our personal and collective well-being. It helps students develop a framework for understanding how events affect different markets for goods and services and how the aggregate functioning of the markets determine output, employment and prices. Students are also able to evaluate government policies designed to stabilize the economy, redistribute income, regulate industries and foster international trade.
Economics majors are encouraged to join both Omicron Delta Epsilon, an international honor society in economics, and the Economics, Finance and International Business Club. Both sponsor a variety of professional and social activities which allow students to enhance their out-of-classroom experience, develop a sense of professional common bond and group support among themselves and create a network with off-campus professionals.
All majors are encouraged to do an internship in the summer semester between their junior and senior year. Students may seek placements in their individual area of interest. Internships are available in the areas of banking, insurance, financial advising, financial services, and manufacturing and government. In today’s market, employers often offer internships to attract qualified students to their firms.
Economics offers a broader view of the economy than other business related majors. The emphasis is on developing critical thinking and problem solving skills. Graduates are well prepared for careers in the public and private sector and receive an excellent background for furthering their education at graduate or professional schools.
Program Learning Outcomes
- Communication: Students graduating with a degree in business administration will demonstrate competency in oral and written communication skills. Students will:
- Prepare in proper format and style the following documents: business report (one to two pages), business memo, research report and presentation.
- Deliver an effective oral presentation on a business and/or professional topic.
- Critical Thinking and Problem Solving: Students graduating with a degree in business administration will demonstrate effective critical thinking and problem solving skills. Students will:
- Apply critical thinking skills to analyze and interpret financial statements to judge business performance.
- Apply critical thinking skills using quantitative techniques for problem solving and strategic decision making.
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Degree Program Writing Competency: Students will create written business and professional documents in appropriate style and format.
- Ethics: Students graduating with a degree in business administration will have acquired the necessary skills and knowledge to meet professional competencies as business professionals and global citizens. Students will demonstrate:
- An understanding of the history and vocabulary unique to business disciplines.
- Knowledge of procedures, concepts, and technical business skills through practical application (forecasting, budgeting, financial statement analyses, business plans, strategic planning).
- The ability to read and interpret financial statements in the decision-making process.
- Effective team work and collaborative skills in a simulated business environment.
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Information Technology: Students will demonstrate proficiency in the use of computers and software to manage information with statistical analysis, spreadsheet, database and other appropriate applications.
- Professional Proficiency: Students graduating with a degree in business administration will have acquired the necessary skills and knowledge to meet professional competencies as business professionals and global citizens. Students will demonstrate:
- An understanding of the history and vocabulary unique to business disciplines.
- Knowledge of procedures, concepts, and technical business skills through practical application (forecasting, budgeting, financial statement analyses, business plans, strategic planning).
- The ability to read and interpret financial statements in the decision-making process.
- Effective team work and collaborative skills in a simulated business environment.
RELATED LINKS
Curriculum Guide
GPA Requirement
Major GPA: 2.0 or higher
Overall GPA: 2.0 or higher
Core GPA: 2.0 or higher
Summary*
| Code | Title | Hours |
|---|---|---|
| Rock Studies 2 Requirements | 42-43 | |
| Other Basic Requirements | 0-3 | |
| Major Requirements | 60 | |
| Electives | 18 | |
* All undergraduate degree programs require a minimum of 120 credits. Some courses meet multiple requirements, but are only counted once toward the 120 credit total required to graduate.
Rock Studies 2 Requirements
| Code | Title | Hours |
|---|---|---|
| The Rock | ||
| SUBJ 139 | Foundations of Academic Discovery 1 | 3 |
| ENGL 102 | Critical Writing | 3 |
| ENGL 104 | Critical Reading | 3 |
| Select one of the following: | 3-4 | |
| Quantitative Reasoning | ||
| Introduction to Applied Calculus | ||
| Calculus I | ||
| Select one of the following: | 3 | |
| Civil Discourse: Theory & Practice | ||
| Ethics and Civil Discourse | ||
| Civil Discourse and Democracy | ||
| Subtotal | 15-16 | |
| Integrated Inquiry | ||
| Creative and Aesthetic Inquiry | ||
| Select 3 Credits | 3 | |
| Humanities Inquiry | ||
| Select 3 Credits | 3 | |
| Social Science Inquiry | ||
| Select 3 Credits | 3 | |
| Natural Sciences Inquiry | ||
| SCI 101 | Science of Life | 3 |
| Physical Sciences Inquiry | ||
| SCI 102 | Understanding the Physical World | 3 |
| Subtotal | 15 | |
| Thematic Thread | ||
| Select 12 Credits 2 | 12 | |
Required Thematic Thread Coursework: | ||
| Issues in Global Business | ||
or MGMT 303 | Issues in Global Business | |
or MRKT 303 | Issues in Global Business | |
| Total Hours | 42-43 | |
- 1
Course offered in multiple subjects; cannot take course in first major subject.
- 2
One course from each category; six credits must be 300-level or above; no more than 4 credits from one subject area; specific courses required in first major, regardless of prefix of course, cannot be used to satisfy thread requirements; any course with same prefix as first major cannot be used to satisfy thread requirements, even if it is not a course in the first major.
Basic Math Requirement
Check with your adviser or a current degree audit report to see if you have been exempted from this course. The credit earned in this course will not be counted toward the 120 credit hour minimum needed to earn a degree.
| Code | Title | Hours |
|---|---|---|
| Complete one of the following: | 0-3 | |
Meet required minimum SAT or ACT math score OR | ||
| Beginning Algebra | ||
| Total Hours | 0-3 | |
DIVERSITY, EQUITY, AND INCLUSION REQUIREMENT
Students must take and pass a course with the Diversity, Equity, and Inclusion (DEI) designation prior to graduation. Students can meet this requirement by taking any DEI - designated course in any program at any time during their undergraduate career.
Major Requirements
- 30 major credits must be taken at SRU or PASSHE
- 30 major credits must be taken at the 300 level or above
| Code | Title | Hours |
|---|---|---|
| Business Administration Core Requirements | ||
| ACCT 209 | Financial Accounting 1 | 3 |
| ACCT 322 | Business Analysis and Decision Making 1 | 3 |
| ACCT 340 | Legal Environment of Business 1 | 3 |
| ECON 201 | Principles of Macroeconomics 1 | 3 |
| ECON 202 | Principles of Microeconomics 1 | 3 |
| ECON 219 | Business Analytics I 1 | 3 |
| or MGMT 219 | Business Analytics I | |
| ECON 319 | Business Analytics II 1 | 3 |
| or MGMT 319 | Business Analytics II | |
| FIN 320 | Managerial Finance 1 | 3 |
| MGMT 320 | Operations Management 1 | 3 |
| MGMT 351 | Organizational Behavior 1 | 3 |
| MGMT 458 | Business Capstone 1 | 3 |
| MIS 265 | Management Information Systems 1 | 3 |
| MRKT 230 | Principles of Marketing 1 | 3 |
| Subtotal | 39 | |
| Required Computer Science Course | ||
| CPSC 210 | Productivity Software 1 | 3 |
| or MIS 210 | Productivity Software | |
| Subtotal | 3 | |
| Required Economic Courses | ||
| ECON 301 | Macroeconomic Analysis 2 | 3 |
| ECON 302 | Microeconomic Analysis 2 | 3 |
| ECON 318 | Introduction to Econometrics 2 | 3 |
| Select one of the following: | 3 | |
| Money and Banking 2 | ||
or FIN 304 | Money and Banking | |
| Financial Markets and Institutions 2 | ||
| Subtotal | 12 | |
| Required Electives | ||
| Select any two 300-400 level Economic Course (Excluding Internship): 2 | 6 | |
| Money and Banking | ||
or FIN 304 | Money and Banking | |
| Critical Choices in Health Care Policy | ||
| Economics of Sustainable Development | ||
| Game Theory, Behavioral and Experimental Economics | ||
| Labor Economics | ||
| Experimental | ||
| Independent Study | ||
| Subtotal | 6 | |
| Total Hours | 60 | |
- 1
Course counts for 50% of Major and not for Major GPA
- 2
Course counts for 50% of Major and Major GPA
- *
Some courses may require pre-requisites. Please see course descriptions to determine if there are any pre-requisites for that specific course.
Co-curricular and Experiential Learning
Students are encouraged to explore additional curricular and co-curricular opportunities. These opportunities can deepen and enhance the learning in accounting, economics and finance. In addition, there is a strong correlation between long-term student success and engagement in these opportunities:
- Internships
- Participation in student organizations
- International study programs (short-term, semester, and year-long)
- High-Impact Practice (HIP) designated classes
- student-faculty research
- Student leadership development
- Service-learning classes
- Career education and development
Important Curriculum Guide Notes
This Curriculum Guide is provided to help SRU students and prospective students better understand their intended major curriculum. Enrolled SRU students should note that the My Rock Audit may place already-earned and/or in progress courses in different, yet valid, curriculum categories. Enrolled SRU students should use the My Rock Audit Report and materials and information provided by their faculty advisers to ensure accurate progress towards degree completion. The information on this guide is current as of the date listed. Students are responsible for curriculum requirements at the time of enrollment at the University.
PASSHE - Pennsylvania State System of Higher Education Institutions
ECONOMICS - BSBA (2316)
This program is effective as of Summer 2022
Revised 07.06.2022
UCC 03.22.2022
RECOMMENDED FOUR-YEAR PLAN
| First Year | ||
|---|---|---|
| Fall | Hours | |
| ECON 201 | Principles of Macroeconomics | 3 |
| ENGL 102 | Critical Writing | 3 |
| CPSC 210 or MIS 210 |
Productivity Software or Productivity Software |
3 |
| SUBJ 139 | Foundations of Academic Discovery 1 | 3 |
| Select one of the following: | 3 | |
| Quantitative Reasoning | ||
| Introduction to Applied Calculus | ||
| Calculus I | ||
| ESAP 101 | FYRST Seminar * | 1 |
| Hours | 16 | |
| Spring | ||
| ECON 202 | Principles of Microeconomics | 3 |
| ENGL 104 | Critical Reading | 3 |
| SCI 101 or SCI 102 |
Science of Life or Understanding the Physical World |
3 |
| Creative & Aesthetic Inquiry | 3 | |
| Humanities Inquiry | 3 | |
| Hours | 15 | |
| Second Year | ||
| Fall | ||
| ECON 219 or MGMT 219 |
Business Analytics I or Business Analytics I |
3 |
| ACCT 209 | Financial Accounting | 3 |
| Select one of the following: | 3 | |
| Civil Discourse: Theory & Practice | ||
| Ethics and Civil Discourse | ||
| Civil Discourse and Democracy | ||
| SCI 101 or SCI 102 |
Science of Life or Understanding the Physical World |
3 |
| MIS 265 | Management Information Systems | 3 |
| Declare a Thematic Thread 2 | ||
| Hours | 15 | |
| Spring | ||
| ECON 301 | Macroeconomic Analysis | 3 |
| ECON 319 or MGMT 319 |
Business Analytics II or Business Analytics II |
3 |
| FIN 303 |
Issues in Global Business or Issues in Global Business or Issues in Global Business |
3 |
| MRKT 230 | Principles of Marketing | 3 |
| Thematic Thread Requirement | 3 | |
| Hours | 15 | |
| Third Year | ||
| Fall | ||
| ECON 302 | Microeconomic Analysis | 3 |
| FIN 320 | Managerial Finance | 3 |
| MGMT 351 | Organizational Behavior | 3 |
| Thematic Thread Requirement | 3 | |
| ECON Elective | 3 | |
| Hours | 15 | |
| Spring | ||
| ECON 318 | Introduction to Econometrics | 3 |
| ACCT 322 | Business Analysis and Decision Making | 3 |
| FIN 323 | Financial Markets and Institutions | 3 |
| MGMT 320 | Operations Management | 3 |
| Thematic Thread Requirement | 3 | |
| Hours | 15 | |
| Fourth Year | ||
| Fall | ||
| ECON elective | 3 | |
| ACCT 340 | Legal Environment of Business | 3 |
| FIN 326 | Intermediate Corporate Finance (Recommended Elective) | 3 |
| FIN Elective | 3 | |
| Free Elective | 3 | |
| Hours | 15 | |
| Spring | ||
| ACCT 429 | Accounting Data Analytics (Recommended Elective) | 3 |
| FIN 321 | Investments (Recommended Elective) | 3 |
| FIN 427 | International Financial Management (Recommended Elective) | 3 |
| MGMT 458 | Business Capstone | 3 |
| Free elective | 3 | |
| Hours | 15 | |
| Total Hours** | 121 | |
- 1
Course offered in multiple subjects; cannot take course in first major subject.
- 2
Work with your Academic Adviser to declare a Thematic Thread by the end of your fall semester in your second year.
- *
Students are encouraged to take ESAP 101 as a Free Elective.
Note: By choosing the suggested options, students can finish with BSBA double majors in Economics and Finance, or a major in Economics with a minor in Finance.
** This document is meant to serve as a guide. Some planners may show more than 120 credits because faculty have created flexibility in choosing courses. However, only 120 credits are required to obtain a degree. Please consult with your academic adviser and refer to your curriculum guide prior to registering for courses. This plan should be reviewed, and verified, by you and your academic adviser at least once each academic year.
Major Code: 2316
Revised: 05.30.2024