Explore Department Majors
What's New in Economics and Business? We have exciting changes in the department to announce!
- One NEW major! Business, Economics, and Society (BESoc - starting Block 5 2021)
- One REVISED Major! Economics (starting Block 5 2021)
What's the SAME in Economics and Business?
Three familiar majors:Business, Economics, and Society (BESoc).
Declared Economics majors may continue to fulfill the requirements of the current/2015 major, *or* they may change to either the revised Economics major or the new Business, Economics, and Society major beginning the first day of Block 5 (February 1, 2021). After the end of this academic year - 2020-21 – students can no longer declare the 2015 Economics major.
Though the new new and revised majors are not declarable until Block 5, student can register for their courses in Preregistration! To get started with the revised Economics and the new Business, Economics, and Society majors, students will need to take Principles of Economics either as a 2-block course (EC100) or as two separate blocks (EC101 and EC102). Those same gateway courses will also serve the International Political Economy and the Mathematical Economics majors after the end of this academic year. Students who have taken EC201 do not need to take Principles of Economics.
For the revised Economics and the Business, Economics, and Society majors students will need Principles of Financial Accounting (BU205), and for all four departmental majors they will still need calculus (MA125 or MA126).
Please note: The 2015 major in Economics organizes electives in theme-based tracks and requires students to develop expertise in at least two of them.**
The tracks are:
- Business: EC 211-230, 311-330 and 411-429
- Microeconomics: EC 241-260, 341-360, 441-459
- Macroeconomics/International: EC 271-290, 371-390, 471-489
Some courses may count toward more than one theme, as noted in individual course descriptions (e.g. 245, 347, 351, 405, 406, 407). Be sure to ask your advisor for additional clarification.
**The revised 2021 Economics major does not use theme-based tracks.
New & Revised Majors
Unifying Principles and Vision - Adding the new Business, Economics, and Society (BESoc) Major and Revising the Economics Major
The Economics and Business department serves the needs of students, supports their efforts to live lives that carry significance beyond themselves, and upholds societal values of respect and equality.
Both disciplines - Economics *and* Business:
- Study human economic behavior: its nature, its sources, and its consequences;
- Stress the rigorous use of quantitative and qualitative data and methods to test theories and to understand material life.
We see the combination of Business and Economics as contributing to the college’s commitment to the liberal arts. Pairing the two disciplines promotes liberal learning in three ways:
- Prepares students to act as effective citizens by promoting knowledge of the economic structures and processes central to democratic society in a global age;
- Fosters interdisciplinary thinking by introducing different approaches to the understanding of economic phenomena;
- Reinforces analytical, critical, and creative thinking by addressing complex questions about economic and human behaviors and their outcomes and by resisting easy answers.
The Curriculum and the Vision working together.
The course of study the department offers reflects the principles central to our vision. To that end, we created:
- A different introductory economics course - opening access to the Economics and Business Department
- A revised Economics major - simplifying and adding an interdisciplinary dimension to the Economics Major
- A new major, Business, Economics, and Society (BESoc) - creating an interdisciplinary major focused on Business and social enterprise
- Use of the BU prefix (for Business courses) - clarifying what counts as Economics (EC) and what counts as Business (BU).
The gateway courses: Two blocks of Principles of Economics at the 100 level (no prerequisites) replaces EC 201 Economic Theory I (prerequisite Calculus).
Ready to Declare Your Major?
Be sure to:
- Email your faculty choice for faculty advisor to confirm, then
- Complete the Major Declaration Form online!
For those who are majoring in the current/2015 Economics major, following the Business track - the new courses BU325 (in Blocks 6 and 7) and BU316 and BU330 (both in Block 8) all count as electives in that track. Please speak to your advisor ASAP with questions after checking the 2020-21 course schedule.