Curriculum Requirements

Major Area of Specialization in Economics (People & Society or STEM)

Students who wish to pursue the Economics major area of specialization will choose between two tracks:  Political Economy (P&S) or Quantitative Economics (STEM).
In the Political Economy track, People and Society courses are predominant.  In the Quantitative Economics track, courses in Science, Technology, Engineering, and Mathematics are predominant.

In addition to satisfying the University General Education Requirements and Electives, students pursuing the BSBA in Economics must complete the BSBA Business Core and the specific coursework for one of the Economics major tracks as follows:

University General Education Requirements 1
ENG 105English Composition I3
ENG 106English Composition II3
UMX 100The University Of Miami Experience0
Arts and Humanities Cognate Courses9
STEM or People and Society Cognate Courses9
Electives 216
BSBA Business Core Requirements 1
ACC 221Accelerated Principles of Financial Accounting3
ACC 222Accelerated Managerial Accounting3
BSL 212Introduction to Business Law3
BTE 210Fundamentals Of Business Technology & Innovation3
BTE 320Introduction to Programming3
BUS 101First Step (Freshman Integrity, Responsibility, and Success through teamwork)3
BUS 150Business Analytics3
BUS 300Critical Thinking & Persuasion for Business 33
ECO 211Economic Principles and Problems (Microeconomics)3
ECO 212Economic Principles and Problems (Macroeconomics)3
FIN 302Fundamentals of Finance3
MAS 311Applied Probability and Statistics (minimum grade of C- required)3
MAS 312Statistical Methods and Quality Control3
MTH 161Calculus I (minimum grade of C- required)4
MTH 162Calculus II4
MGT 303Operations Management3
MGT 304Organizational Behavior3
MGT 401Strategic Management (must be taken in the final semester)3
MKT 201Foundations of Marketing3
or MKT 301 Marketing Foundations
Quantitative Choice - Select one of these suggested courses approved by the academic advisor:3
Object-Oriented Programming
Database Management Systems
Applied Econometrics (may not double count as both the Quantitative Choice and a major choice unless Economics is an additional major)
Mathematical Economics And Applications (may not double count as both the Quantitative Choice and a major choice unless Economics is an additional major) 5
Introduction to Optimization and Decision Making
Stochastic Models in Operations Research
Computer Simulation Systems
Supply Chain Modeling and Analysis (pre-requisite of MGT 303)
Supply Chain Strategy
Major Area of Specialization in Economics 4
Choose either the Political Economy Track or the Quantitative Economics Track18
Political Economy Track Required Courses (People & Society) :
Economic Principles and Problems (taken as part of the Business Core)
Economic Principles and Problems (taken as part of the Business Core)
Micro Economic Theory
Macro Economic Theory
Major Choice Courses (P&S) - Select four courses (12 credit hours) from the following:
Labor Economics (I)
Environmental Economics
Economics of Developing Countries
Latin America And The Global Economy
ECONOMICS OF POVERTY
Health Economics
Contemporary Issues in Monetary Economics
Economic Growth
International Trade Theory
International Monetary Economics
Economic Analysis of Energy and Commodity Markets
Global Economics: Trade and Currencies
Industrial Organization
A maximum of two courses (6 credit hours) of major choice courses may be selected from the following STEM courses:
Applied Econometrics (additional pre-requisite of MAS 202 or MAS 312)
Game Theory in Economic Applications. (pre-requisite MTH 161 or equivalent)
Special Topics in Economics (STEM-designated courses, such as Economics of Uncertainty or Applied Computation in Economics)
Mathematical Economics And Applications 5
Mathematical Economics (II)
Econometrics
Advanced Microeconomic Theory
Quantitative Economics Track Required Courses (STEM) :
Economic Principles and Problems (taken as part of the Business Core)
Economic Principles and Problems (taken as part of the Business Core)
Micro Economic Theory
Macro Economic Theory
Major Choice Courses (STEM) - Select four courses (12 credit hours) from the following:
Applied Econometrics (additional pre-requisite of MAS 202 or MAS 312)
Game Theory in Economic Applications. (pre-requisite MTH 161 or equivalent)
Special Topics in Economics (STEM-designated courses, such as Economics of Uncertainty or Applied Computation in Economics)
Mathematical Economics And Applications 5
Mathematical Economics (II)
Econometrics
Advanced Microeconomic Theory
Total Credit Hours120
 
1

NOTE:  ENG 105 and ENG 106 , or their equivalents, must be completed prior to attaining junior year classification, per the University General Education Requirements. Additionally, all 100 and 200-level Business Core courses must be completed by the end of the fifth semester of college work or during the semester in which the student is completing 75 credit hours.

2

 At least one course with an international focus must be completed within the degree requirements.  The appropriateness of the course is determined by the academic advisor.

3

 Students who do not earn at least a C- in ENG 106 must either repeat ENG 106 and earn at least a C- or complete ENG 230 with at least a C- before enrolling in BUS 300.

4

All specific coursework for the major area of specialization in Economics must be completed with a grade of “C-” or higher.  A minimum cumulative GPA of 2.0 is required for all specific coursework taken in the major area of specialization. 

All courses must be taken within the current pre-requisite structure.

5

 Additional pre-requisite for  ECO 510 MAS 311 or  IEN 311 or  MTH 224

Sample Plans of Study

This Sample Plan of Study represents one possible version of a new freshman Business student’s 8-semester plan.  The individual student's plan may vary depending upon the initial placement into English Composition and mathematics. Moreover, numerous plan variations are possible if a student enters the University with advanced college credits, wishes to participate in study abroad, chooses a special program option, or selects additional majors or minors.  

Note that each major/minor at the University of Miami satisfies a particular "Area of Knowledge" within the general education requirements of the University. This means that it is possible to pursue two majors or a major and a minor within the School of Business and fulfill both the STEM and People and Society Areas of Knowledge; a separate cognate in these areas would not be required. The only remaining general education Area of Knowledge would be Arts and Humanities, which must be completed through a major, minor, or cognate outside of the School of Business.

Students construct their individualized plans in collaboration with their assigned academic advisor.

Political Economy Track Plan of Study

Plan of Study Grid
Freshman Year
FallCredit Hours
BUS 101 First Step (Freshman Integrity, Responsibility, and Success through teamwork) 3
ECO 211 Economic Principles and Problems 3
ENG 105 English Composition I 3
MKT 201 Foundations of Marketing 3
MTH 161 Calculus I 4
UMX 100 The University Of Miami Experience 0
 Credit Hours16
Spring
ACC 221 Accelerated Principles of Financial Accounting 3
BUS 150 Business Analytics 3
ECO 212 Economic Principles and Problems 3
ENG 106 English Composition II 3
MTH 162 Calculus II 4
 Credit Hours16
Sophomore Year
Fall
ACC 222 Accelerated Managerial Accounting 3
BSL 212 Introduction to Business Law 3
BTE 210 Fundamentals Of Business Technology & Innovation 3
MAS 311 Applied Probability and Statistics 3
Arts and Humanities Cognate Course 3
 Credit Hours15
Spring
ECO 302 Micro Economic Theory 3
FIN 302 Fundamentals of Finance 3
MAS 312 Statistical Methods and Quality Control 3
MGT 304 Organizational Behavior 3
Arts and Humanities Cognate Course 3
 Credit Hours15
Junior Year
Fall
BTE 320 Introduction to Programming 3
BUS 300 Critical Thinking & Persuasion for Business 3
ECO 303 Macro Economic Theory 3
Economics P&S Major Choice 3
Arts and Humanities Cognate Course 3
 Credit Hours15
Spring
MGT 303 Operations Management 3
Economics P&S Major Choice 3
STEM Cognate Course 3
Elective 3
Elective 3
 Credit Hours15
Senior Year
Fall
Economics P&S Major Choice 3
Quantitative Choice Course 3
STEM Cognate Course 3
Elective 3
Elective 3
 Credit Hours15
Spring
MGT 401 Strategic Management 3
Economics P&S Major Choice 3
STEM Cognate Course 3
Elective 3
Elective 1
 Credit Hours13
 Total Credit Hours120

Quantitative Economics Track Plan of Study

Plan of Study Grid
Freshman Year
FallCredit Hours
BUS 101 First Step (Freshman Integrity, Responsibility, and Success through teamwork) 3
ECO 211 Economic Principles and Problems 3
ENG 105 English Composition I 3
MKT 201 Foundations of Marketing 3
MTH 161 Calculus I 4
UMX 100 The University Of Miami Experience 0
 Credit Hours16
Spring
ACC 221 Accelerated Principles of Financial Accounting 3
BUS 150 Business Analytics 3
ECO 212 Economic Principles and Problems 3
ENG 106 English Composition II 3
MTH 162 Calculus II 4
 Credit Hours16
Sophomore Year
Fall
ACC 222 Accelerated Managerial Accounting 3
BSL 212 Introduction to Business Law 3
BTE 210 Fundamentals Of Business Technology & Innovation 3
MAS 311 Applied Probability and Statistics 3
Arts and Humanities Cognate Course 3
 Credit Hours15
Spring
ECO 302 Micro Economic Theory 3
FIN 302 Fundamentals of Finance 3
MAS 312 Statistical Methods and Quality Control 3
MGT 304 Organizational Behavior 3
Arts and Humanities Cognate Course 3
 Credit Hours15
Junior Year
Fall
BTE 320 Introduction to Programming 3
BUS 300 Critical Thinking & Persuasion for Business 3
ECO 303 Macro Economic Theory 3
Economics STEM Major Choice 3
Arts and Humanities Cognate Course 3
 Credit Hours15
Spring
MGT 303 Operations Management 3
Economics STEM Major Choice 3
People and Society Cognate Course 3
Elective 3
Elective 3
 Credit Hours15
Senior Year
Fall
Economics STEM Major Choice 3
Quantitative Choice Course 3
People and Society Cognate Course 3
Elective 3
Elective 3
 Credit Hours15
Spring
MGT 401 Strategic Management 3
Economics STEM Major Choice 3
People and Society Cognate Course 3
Elective 3
Elective 1
 Credit Hours13
 Total Credit Hours120