Overview

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

The Bachelor of Business Administration in Economics equips business students with solid economic theories and data analysis techniques supporting critical thinking to deal with a wide range of modern economic problems. Economics majors are successful in a large variety of careers: corporate world, consulting, government, not-for-profits, international agencies, law, as well as graduate studies and academic roles.

Miami Herbert Business School 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, Science, Technology, Engineering, and Mathematics courses are predominant.

Curriculum Requirements

In addition to satisfying the University General Education Requirements and Electives, students pursuing the BBA in Economics must complete the BBA 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 Courses (depends upon which Major track is selected)9
Electives 226
BBA Business Core Requirements 1
ACC 211Principles of Financial Accounting3
ACC 212Managerial Accounting3
BSL 212Introduction to Business Law and Ethics3
BTE 210Fundamentals of Business Technology and Innovation3
BUS 150Business Analytics3
BUS 300Critical Thinking and Persuasion for Business 33
ECO 211Principles of Microeconomics (Microeconomics)3
ECO 212Principles of Macroeconomics (Macroeconomics)3
FIN 302Fundamentals of Finance3
MAS 110Quantitative Applications in Business (minimum grade of C- required)3
or MTH 161 Calculus I
MAS 201Introduction to Business Statistics (minimum grade of C- required)3
MAS 202Intermediate Business Statistics3
MGT 100Managing for Success in the Global Environment3
MGT 199Professional Development and Success in the Workplace (or other approved Miami Herbert Business School career course)1
or BUS 211 Professional Development for Finance and Accounting
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
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) :
Principles of Microeconomics (taken as part of the Business Core)
Principles of Macroeconomics (taken as part of the Business Core)
Microeconomic Theory and Applications (ECO 302 may be taken instead if MTH 161 or equivalent is completed)
Macroeconomic Theory
Major Choice Courses (P&S) - Select four courses (12 credit hours) from the following: 5
Public Economics
Labor Economics (I)
Industrial Economics and Public Policy
Environmental Economics
Economics of Development
Latin America, the Caribbean, and the Global Economy
The Political Economy of Growth
Health Economics
Monetary Economics
Economic Growth
International Trade Theory
International Monetary Economics
Economic Analysis of Energy and Commodity Markets
Global Economics: Trade and Currencies
Special Topics in Economics (People and Society Topics)
History of Economic Thought
Students may select a maximum of two courses (6 credit hours) of their major choice courses from the following STEM courses: 5
Applied Econometrics
Game Theory in Economic Applications.
Industrial Organization
Special Topics in Economics (STEM Topics)
Mathematical Economics and Applications
Empirical Labor Economics
Topics in Mathematical Economics
Econometrics
Advanced Macroeconomic Theory
Advanced Microeconomic Theory
Quantitative Economics Track Required Courses (STEM) : 6
Principles of Microeconomics (taken as part of the Business Core)
Principles of Macroeconomics (taken as part of the Business Core)
Microeconomic Theory (requires MTH 161 or equivalent as a pre-requisite)
Macroeconomic Theory
Major Choice Courses (STEM) - Select four courses (12 credit hours) from the following: 5
Applied Econometrics
Game Theory in Economic Applications.
Industrial Organization
Special Topics in Economics (STEM Topics)
Mathematical Economics and Applications
Empirical Labor Economics
Topics in Mathematical Economics
Econometrics
Advanced Macroeconomic Theory
Advanced Microeconomic Theory
Total Credit Hours120

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 Miami Herbert Business School 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 Business School.

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
ECO 211 Principles of Microeconomics 3
ENG 105 English Composition I 3
MAS 110 or MTH 161 Quantitative Applications in Business
or Calculus I
3
MGT 100 Managing for Success in the Global Environment 3
MKT 201 Foundations of Marketing 3
UMX 100 The University of Miami Experience 0
 Credit Hours15
Spring
BSL 212 Introduction to Business Law and Ethics 3
ECO 212 Principles of Macroeconomics 3
ENG 106 English Composition II 3
MAS 201 Introduction to Business Statistics 3
Arts and Humanities Cognate Course 3
 Credit Hours15
Sophomore Year
Fall
ACC 211 Principles of Financial Accounting 3
BUS 150 Business Analytics 3
MAS 202 Intermediate Business Statistics 3
MGT 304 Organizational Behavior 3
Arts and Humanities Cognate Course 3
 Credit Hours15
Spring
ACC 212 Managerial Accounting 3
BTE 210 Fundamentals of Business Technology and Innovation 3
BUS 300 Critical Thinking and Persuasion for Business 3
ECO 300 or 302 Microeconomic Theory and Applications
or Microeconomic Theory
3
FIN 302 Fundamentals of Finance 3
MGT 199 Professional Development and Success in the Workplace 1
 Credit Hours16
Junior Year
Fall
ECO 303 Macroeconomic Theory 3
MGT 303 Operations Management 3
Economics P&S Major Choice 3
STEM Cognate Course 3
Elective 3
 Credit Hours15
Spring
Economics P&S Major Choice 3
Arts and Humanities Cognate Course 3
STEM Cognate Course 3
Elective 3
Elective 3
 Credit Hours15
Senior Year
Fall
Economics P&S Major Choice 3
STEM Cognate Course 3
Elective 3
Elective 3
Elective 3
 Credit Hours15
Spring
MGT 401 Strategic Management 3
Economics P&S Major Choice 3
Elective 3
Elective 3
Elective 2
 Credit Hours14
 Total Credit Hours120

Quantitative Economics Track Plan of Study

Plan of Study Grid
Freshman Year
FallCredit Hours
ECO 211 Principles of Microeconomics 3
ENG 105 English Composition I 3
MGT 100 Managing for Success in the Global Environment 3
MKT 201 Foundations of Marketing 3
MTH 161 Calculus I 4
UMX 100 The University of Miami Experience 0
 Credit Hours16
Spring
BUS 150 Business Analytics 3
ECO 212 Principles of Macroeconomics 3
ENG 106 English Composition II 3
MAS 201 Introduction to Business Statistics 3
Arts and Humanities Cognate Course 3
 Credit Hours15
Sophomore Year
Fall
ACC 211 Principles of Financial Accounting 3
BSL 212 Introduction to Business Law and Ethics 3
BTE 210 Fundamentals of Business Technology and Innovation 3
MAS 202 Intermediate Business Statistics 3
Arts and Humanities Cognate Course 3
 Credit Hours15
Spring
ACC 212 Managerial Accounting 3
BUS 300 Critical Thinking and Persuasion for Business 3
ECO 302 Microeconomic Theory 3
FIN 302 Fundamentals of Finance 3
MGT 199 Professional Development and Success in the Workplace 1
Arts and Humanities Cognate Course 3
 Credit Hours16
Junior Year
Fall
ECO 303 Macroeconomic Theory 3
MGT 304 Organizational Behavior 3
Economics STEM Major Choice 3
People and Society Cognate Course 3
Elective 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
People and Society Cognate Course 3
Elective 3
Elective 3
Elective 3
 Credit Hours15
Spring
MGT 401 Strategic Management 3
Economics STEM Major Choice 3
Elective 3
Elective 3
Elective 1
 Credit Hours13
 Total Credit Hours120

Mission

  • To develop innovative ideas and principled leaders that transform global business and society.

Goals

The Business Technology major is designed to provide the student with the key information technology and management skills needed in today’s business environment, plus a firm grounding in the primary business areas in which these skills will be applied. Graduates of the program may qualify for entry-level positions as systems and/or information analysts, information security specialists, consultants, user support analysts, programmers, or other information management positions.

Student Learning Outcomes

  • BBA/BSBA graduates will be critical thinkers, able to select and apply appropriate models, tools, and techniques, and frameworks to enable them to render analytically sound business decisions.
  • BBA/BSBA graduates will be able to identify, analyze and resolve ethical issues in business scenarios.
  • BBA/BSBA graduates will demonstrate professional written communication skills.