The Ivy College of Business has partnered with the Department of Economics to offer a Business Economics major.
Where business studies the organizations and functions that deliver goods and services to customers, economics studies those good and services with respect to production, distribution, and consumption, and the choices we make about how to best utilize the resources we have.
Undergraduate Major in Business Economics
For undergraduate curriculum in business, major in business economics.
Through a partnership between the Ivy College of Business and the Department of Economics, a major in Business Economics is offered. Students will complete the general education requirements (including business foundation courses), supporting courses/major prerequisites, business core requirements for the Bachelor of Science (B.S.) degree, and 19 additional credits in the major.
The objective of the Business Economics major is to provide a high-quality education with a balanced emphasis in both business and economics. Such an education should equip graduates with a unique set of skills distinguishing them from other graduates. In particular, they will have the ability to use both business and economic reasoning to think critically and address complex issues using tools and decision-making models of economics, business, mathematics, statistics, as well as concepts from the biological, physical, and social sciences; to make decisions and to communicate effectively.
For more information on the undergraduate major in Business Economics, please visit: https://www.ivybusiness.iastate.edu/degree/business-economics/.
Student Learning Outcomes
Upon graduation, undergraduate students majoring in Business Economics will:
- Be effective communicators.
- Be effective collaborators.
- Be problem solvers.
- Understand business concepts.
- Recognize ethical and legal responsibilities to organizations.
Curriculum:
In addition to the basic business degree requirements (https://catalog.iastate.edu/collegeofbusiness/#curriculuminbusinesstext), business economics majors must also complete:
| Required Courses (10 credits): | ||
| ECON 3010 | Intermediate Microeconomics | 4 |
| ECON 3530 | Money, Banking, and Financial Institutions | 3 |
| ECON 4310 | Managerial Economics | 3 |
| Graduating Senior Survey | ||
| Elective Courses (9 credits): | ||
| Select one course of ECON 2300-2890, 3000-3890, or 4000-4890 | 3 | |
| Select two additional 4000-4890 level ECON courses | 6 | |
NOTES:
Business Economic majors must take STAT 3260 Introduction to Business Statistics II as part of the supporting courses.
Business Economic majors take MATH 1600 and ECON 2070 instead of MATH 1500 and MATH 1510.
Students majoring in business economics are not permitted to take agricultural business or economics as a double major, or economics as a minor.
Students are limited to three business majors/degrees/minors within the Ivy College of Business. This limit is on business majors/degrees/minors only and does not apply to multiple majors/degrees/minors taken outside the Ivy College of Business.
Business Economics, B.S.
Sample 4-Year Plan (Your plan may differ)
| Freshman | |||
|---|---|---|---|
| Fall | Credits | Spring | Credits |
| BUSAD 1020 or 1030 | 1 | ACCT 2840 | 3 |
| ECON 1010 | 3 | STAT 2260 | 3 |
| COMS 1130 | 3 | ENGL 2500 | 3 |
| ENGL 1500 | 3 | ECON 1020 | 3 |
| MATH 1600 | 4 | HUM/SOC SCI | 3 |
| LIB 1600 | 1 | BUSAD 2030 | 1 |
| 15 | 16 | ||
| Sophomore | |||
| Fall | Credits | Spring | Credits |
| ECON 2070 | 3 | PHIL 2300 | 3 |
| SPCM 3120 | 3 | STAT 3260 | 3 |
| ACCT 2850 | 3 | Business Core Course | 3 |
| Business Core Course | 3 | ECON 3010 | 4 |
| Natural Science | 3 | Global/International Perspective@ | 3 |
| 15 | 16 | ||
| Junior | |||
| Fall | Credits | Spring | Credits |
| ACCT 2150 | 3 | ECON Elective (2000+ level or above) | 3 |
| ECON 3530 | 3 | ECON Elective (4000-level) | 3 |
| Business Core Courses | 6 | Business Core Courses | 6 |
| General Elective | 3 | U.S. Cultures and Communities# | 3 |
| 15 | 15 | ||
| Senior | |||
| Fall | Credits | Spring | Credits |
| ECON 4310 | 3 | ECON 4920 | R |
| ENGL 3020 | 3 | ECON Elective (4000-level) | 3 |
| HUM/SOC SCI | 3 | HUM/SOC SCI | 3 |
| Global/International Perspective@ | 3 | MGMT 4780* | 3 |
| Business Core Course | 3 | General Electives | 6 |
| 15 | 15 | ||
| Total Credits: 122 | |||
- @
Courses in these requirements may also be used as Global Perspective.
- #
U.S. Cultures and Communities courses may be used to satisfy HUM/SOC SCI.
- *
Must have credit or enrollment in all core courses listed above, except for MGMT 3720, plus senior standing, in order to enroll in MGMT 4780.
Graduation Requirements:
1. Grade of “C” or higher in at least 30 credits of Core and Major courses.
2. 42 credits of 3000+ level courses from a four-year institution.
3. 50% of required Business courses must be earned at ISU.
4. At least 32 credits and the LAST 32 credits must be earned at ISU (exceptions for study abroad and internship may be requested).
5. 122 Credits minimum and a Cumulative GPA of at least 2.00 with no quality point deficiencies.
6. A grade of C or better in ENGL 2500 required, and also in one other required ENGL course.
7. All 3000-level and higher business credits must be earned at a four-year college.
8. Multiple business majors must have at least 15 distinct credits in each of the major requirements; when applicable, one course can be shared between business majors; see your advisor regarding multiple business degree requirements.