Bachelor of Science in Economics or Managerial Economics
The Majors in Economics and Managerial Economics
The Economics Major will familiarize you with the problems of a modern economy and the tools of analysis developed by economists. It emphasizes both the development of analytic models and their application to such real-world problems as inflation, unemployment, taxation, poverty, pollution, government decision-making, and regulation.
Economics is an excellent course of study to pursue because it contributes to a broad liberal arts education and can help you develop good problem-solving skills—whether you are in the work force or are considering graduate work in business, law, engineering, or the social sciences.
Managerial Economics, a sub-field of economics, also addresses the development of analytic models based on economic principles. In Managerial Economics these models are principally applied to specific decisions of businesses, such as profit maximization, strategic behavior, and industry entry and exit. A Managerial Economics major will take courses in quantitative techniques, such as regression analysis, as well as coursework in related areas of business, such as accounting, management and finance. A Managerial Economics major is well-suited to an individual wishing to apply the principles of economics to the business environment.
Requirements for the Majors
All University College undergraduate students must satisfy the same general-education requirements; for information on those, press here.
To major in Economics, you must complete the following:
Economics Core Courses (15 units):
U07 103 Introduction to Political
Economy-Microeconomics
U07 104 Introduction to Political
Economy-Macroeconomics
U07 231 Economic Statistics
U07 401 Price Theory
U07 402 Income and Employment Theory
Economics Elective Courses (12 units):
12 units of additional upper-level (300–400) economics courses. U07 Econ 414 (Econometric Techniques) is strongly recommended.
Social Science Elective Courses (9 units):
9 additional units in the social sciences, which may include economics courses.
Additional Recommended Courses:
U20 155 Calculus I
U44 263 Financial & Managerial Accounting
To major in Managerial Economics, you must complete the following:
Managerial Economics Core Courses (33 units):
U07 103 Introduction to Political
Economy-Microeconomics
U07 104 Introduction to Political
Economy-Macroeconomics
U07 220 Financial Statement Analysis
U07 231 Economic Statistics
U07 403 Managerial Economics
U07 414 Econometric Techniques
U44 125 Business Organization and Administration OR
U09 214 Introduction to Industrial and Organizational Psychology
U44 236 Introduction to Human Resources
U44 251 Business of Law I
U44 263 Financial and Managerial Accounting
U44 270 Marketing Concepts
Economics Elective Courses (6 units)
6 units of additional upper-level (300–400) economics courses
Arts & Sciences or Career-Related Elective Courses (12 units)
12 units chosen from: Psychology, Communications and Journalism, International Studies, Mathematics, Philosophy, Political Science, others with University College authorization.
No more than 25% of the total course work for students doing a major in managerial economics may be in business courses.
Mathematics
U20 155 Calculus I is strongly recommended.
Courses Offered
U07 103 Introduction to Political Economy—Microeconomics
U07 104 Introduction to Political Economy—Macroeconomics
U07 220 Financial Statement Analysis
U07 231 Economic Statistics
U07 308 Real Estate Investments
U07 3311 Financial Markets and Analysis
U07 335 Money and Banking
U07 337 Financial Intermediaries in the Market Economy
U07 3531 Law and Economics
U07 375 Global Financial and Trade Policy
U07 401 Price Theory
U07 402 Income and Employment Theory
U07 403 Managerial Economics
U07 414 Econometric Techniques
U07 426 Economic Systems in Theory and Practice
U07 431 Financial Management and the Modern Corporation
U07 434 Financial Engineering
U07 441 Investment Planning
U07 489 Capstone Seminar in Financial Services
For a printable Application for Admission to the degree program, click here.
For more information, contact Professor Dorothy Petersen, coordinator, at dottie@wustl.edu, phone University College at (314) 935-6700, or E-mail ucollege@artsci.wustl.edu.
