VCU Bulletins

Economics, Bachelor of Science (B.S.) [School of Business]

Special requirements

The foundation program specifies course work required during the freshman and sophomore years. Students are eligible for admission into the advanced business program with a major in the School of Business upon meeting the minimum cumulative GPA requirement and successful completion of:

  • A minimum of 54 credits in the foundation program
  • ACCT 203 and 204 Introduction to Accounting I and II
  • BUSN 201 and 202 Foundations of Business I and II
  • BUSN 225 Winning Presentations
  • ECON 210 Principles of Microeconomics
  • ECON 211 Principles of Macroeconomics
  • INFO 160, 161, 162 and 165
  • SCMA 212 Differential Calculus and Optimization for Business (or MATH 200 Calculus with Analytic Geometry )
  • UNIV 111 and 112 Focused Inquiry I and II, and UNIV 200 Inquiry and the Craft of Argument (with a minimum grade of C in UNIV 112 and 200)

The admission requirements for the School of Business detail the deadlines for students to be admitted to the advanced business program with a major in the school. At least 30 hours of the required business courses for the Bachelor of Science must be taken at VCU.

Students may need to take additional mathematics courses as prerequisites to SCMA 212 or MATH 200. These credits will count as electives in the foundation program. The sample curriculum outline includes SCMA 171 since many of our students will need to complete this course.

The INFO 160, 161, 162 and 165 requirements may be waived upon successful completion of a Knowledge Equivalency Test administered by the Office of Undergraduate Studies. No more than two additional credits may be applied to the degree from the INFO 16x series.

No more than four credits in physical education courses may be applied to the degree.

PSYC 214 and INTL 493 may not be counted toward a business degree.

Economics is the science of human choice, the study of how scarce resources are allocated among competing uses to satisfy human wants. Since many choices analyzed are made by or affect business decision makers, economics is a unique blend of liberal arts and business. Therefore, the Department of Economics offers an undergraduate major in both the College of Humanities and Sciences and the School of Business. The major in the College of Humanities and Sciences is designed for students who desire the flexibility and breadth that is associated with a liberal arts degree. Students who want to combine training in economics with exposure to the business disciplines should consider the major in the School of Business.

Undergraduate work in economics is excellent preparation for careers in business, government and teaching, as well as for graduate work in economics and professional schools such as law, public administration and medicine. Specialization in economics prepares students for careers that emphasize analytical thinking, a broad understanding of the economy and business organizations and the proper choice of policies by governments and business enterprises. Because of their analytical, quantitative and decision-making skills, students who major in economics are sought after for a wide array of positions in management and sales. The specific skills they acquire also provide employment opportunities in large organizations with departments that forecast business conditions and analyze economic data of special interest to the organizations.

The mission of the B.S. in Economics is to provide undergraduate students with economic knowledge and skills that will enable them to compete successfully in changing regional, national and global economic environments.

Learning goals

Degree requirements for Economics, Bachelor of Science (B.S.)

Learning outcomes

Upon completing this program:

  • Students will solve key microeconomic problems.
  • Students will solve key macroeconomic problems.
  • Students will be able to interpret and analyze data and express economic relationships using graphs, equations and words.
  • Students will demonstrate strong oral and written communication skills.
  • Students will be able to employ economic models and data to analyze questions of economic significance.
Business Foundation (63 credits) Credits
   
General Education Requirements  
University Core Education Curriculum (minimum 21 credits)
UNIV 111 Focused Inquiry I 3
UNIV 112 Focused Inquiry II 3
UNIV 200 Inquiry and the Craft of Argument 3
Approved humanities/fine arts 3
Approved natural/physical sciences 3-4
Approved quantitative literacy (SCMA 212 Differential Calculus and Optimization for Business or MATH 200 Calculus with Analytic Geometry) 3-4
Approved social/behavioral sciences 3-4
   
Business General Education requirement (16 credits)  
BUSN 225 Winning Presentations 3
ECON 210 Principles of Microeconomics 3
ECON 211 Principles of Macroeconomics 3
INFO 160 Digital Literacy: Computer Concepts, Internet, Digital Devices 1
INFO 161 Digital Literacy: Word Processing Skills I 1
INFO 162 Digital Literacy: Spreadsheets Skills I 1
INFO 165 Digital Literacy: Spreadsheet Skills II 1
Business General Education elective (Select credits from the approved list.) 3
   
Additional Business Foundation requirements (23-26 credits)  
ACCT 203 and 204 Introduction to Accounting I and II 6
BUSN 201 and 202 Foundations of Business I and II 6
SCMA 302 Business Statistics II 3
Open electives 8-11
   
Advanced business program (57 credits)  
Advanced business core - required (33 credits)  
ECON 300 Contemporary Economic Issues 3
ECON 403 Introduction to Mathematical Economics or SCMA 320 Production/Operations Management 3
ECON 501 Introduction to Econometrics or SCMA 302 Business Statistics II 3
FIRE 311 Financial Management 3
INFO 360 Introduction to Business Information Systems 3
MGMT 310 Managing People in Organizations 3
MGMT 434 Strategic Management (capstone) 3
MKTG 301 Marketing Principles 3
SCMA 301 Business Statistics I 3
SCMA 323 Legal Environment of Business 3
SCMA 325 Organizational Communication 3
Major requirements (24 credits)  
ECON 301 Microeconomic Theory 3
ECON 302 Macroeconomic Theory 3
ECON 431 Labor Economics or ECON 489 Senior Seminar in Economics or ECON 441 Experimental Economics 3
Approved economics electives 15
Select five 300- or 400-level economics courses (ECON 501 may be used as an elective if SCMA 302 is taken as a required course. ECON 403 may be used as an elective if SCMA 320 is taken as a required course. BUSN 400 and BUSN 401 may be used as electives for students enrolled in the International Consulting Program.)  
   
Total minimum requirement 120

Business general education electives

Additional University Core Education Curriculum approved courses
Any AFAM, ANTH, ANTZ, ARTH, BIOL, BIOZ, CHEM, CHEZ, CRJS, DANC, ENGL, ENVS, FRSC, FRSZ, GEOG, GEOZ, HIST, INNO, INSC, INTL (except INTL 493), MASC, MATH, PHIL, PHYS, PHYZ, POLI, PSYC (except PSYC 214), RELS, SOCS, SOCY, USRP or WRLD course
Any foreign language course
Any honors-designated course taught outside of the School of Business
Any of the following UNIV courses:
UNIV 211 Food for Thought
UNIV 213 The Truth About Lying
UNIV 217 Finding Your Voice in Contemporary Society
UNIV 222 Pseudoscience
UNIV 299 What’s the Big Idea?

Click here to download a sample outline. [PDF]

 

 

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Last update: 6/2/2014

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