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.

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 Development1.0
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
General Education (Category) Electives *16.0
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
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
or ECON 350 Applied Econometrics
Select three of the following:12.0
Game Theory and Applications
Economics of Small Business
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
Multinational Corporations
International Trade
International Money and Finance
Regional Studies in Economic Policies and International Business
Sport Economics
Total Credits186.0

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 1011.0ENGL 103 or 1133.0 
ENGL 101 or 1113.0ECON 2024.0PSY 1013.0 
MATH 1014.0ENGL 102 or 1123.0Select one of the following:3.0 
UNIV B1011.0MATH 1024.0 
   
   
  General Education elective3.0 
 16 16 16 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 2014.0English Literature elective (ENGL 200 - ENGL 399)3.0 
   
   
 Social Science elective3.0  
 15 14 15 0
Third Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
ECON 3014.0ECON 3214.0ECON Co-Major course **4.0VACATION
ORGB 3004.0Primary Major courses*8.0Primary Major courses8.0 
PHIL 1053.0History (HIST) elective4.0Society and Culture elective3.0 
Primary Major course*4.0   
 15 16 15 0
Fourth Year
FallCreditsWinterCreditsSpringCredits 
UNIV B2011.0MGMT 4504.0ECON 3224.0 
Primary Major course*4.0Science or Computer Science elective3.0Primary Major course*4.0 
ECON Co-Major course**4.0ECON Co-Major course**4.0Select one of the following:4.0 
General Education elective3.0Primary Major course*4.0 
Fine Arts elective3.0  
   
   
  General Education electives6.0 
 15 15 18 
Total Credits 186

4 year, one co-op

First Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
BUSN 1014.0BUSN 1024.0ACCT 1154.0VACATION
ECON 2014.0CIVC 1011.0COOP 1011.0 
ENGL 101 or 1113.0ECON 2024.0ENGL 103 or 1133.0 
MATH 1014.0ENGL 102 or 1123.0PSY 1013.0 
UNIV B1011.0MATH 1024.0Select one of the following:3.0 
   
   
   
  General Education elective3.0 
 16 16 17 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 2014.0English literature elective (ENGL 200 - ENGL 399)3.0Primary Major course*4.0
   
   
 Social Science elective3.0  
 15 14 15 15
Third Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
COOP EXPERIENCECOOP EXPERIENCEECON 3214.0ECON Co-Major course**4.0
  Primary Major courses*8.0Primary Major courses*8.0
  History (HIST) elective4.0Society and Culture elective3.0
 0 0 16 15
Fourth Year
FallCreditsWinterCreditsSpringCredits 
UNIV B2011.0MGMT 4504.0ECON 3224.0 
Primary Major course*4.0Science or Computer Science elective3.0Primary Major course*4.0 
Econ Co-Major course**4.0ECON Co-Major course**4.0Select one of the following:4.0 
General Education elective3.0Primary Major course*4.0 
Fine Arts elective3.0  
   
   
   
  General Education electives5.0 
 15 15 17 
Total Credits 186

5 year, 3 co-op

First Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
BUSN 1014.0BUSN 1024.0ACCT 1154.0VACATION
ECON 2014.0CIVC 1011.0COOP 1011.0 
ENGL 101 or 1113.0ECON 2024.0ENGL 103 or 1133.0 
MATH 1014.0ENGL 102 or 1123.0PSY 1013.0 
UNIV B1011.0MATH 1024.0Select one of the following:3.0 
   
   
   
  General Education elective3.0 
 16 16 17 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
   
   
   Social Science elective3.0
 0 0 15 14
Third Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
COOP EXPERIENCECOOP EXPERIENCEFIN 3014.0ECON 3014.0
  MKTG 2014.0ORGB 3004.0
  OPM 2004.0PHIL 1053.0
  English literature elective (ENGL 200 - ENGL 399)3.0Primary Major course*4.0
 0 0 15 15
Fourth Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
COOP EXPERIENCECOOP EXPERIENCEECON 3214.0ECON Co-Major course**4.0
  Primary Major courses*8.0Primary Major courses!8.0
  History (HIST) elective4.0Society and Culture elective3.0
 0 0 16 15
Fifth Year
FallCreditsWinterCreditsSpringCredits 
UNIV B2011.0MGMT 4504.0ECON 3224.0 
Primary Major course*4.0Science or Computer Science elective3.0Primary Major course*4.0 
ECON Co-Major course**4.0ECON Co-Major course**4.0Select one of the following:4.0 
General Education elective3.0Primary Major course*4.0 
Fine Arts elective3.0  
   
   
  General Education electives5.0 
 15 15 17 
Total Credits 186

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). Associate 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.
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) Associate Dean, Academic Affairs. Associate Professor. 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.
Vibhas Madan, PhD (Michigan State University). Professor. International trade theory, applied microeconomics.
Roger A. McCain, PhD (Louisiana State University) Co-director. 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.
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; game theory
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.
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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