Business Economics, BSBA

The Business Economics major for the Bachelor of Science in Business Administration is designed for students who wish to receive specialized training in Economics along with core skills in business administration. This degree provides quantitative, analytical and computer programming skills for careers including healthcare, banking, consulting, business analysis. Not eligible for a double degree with another College of Business Administration major.

Degree Requirements

• Students who change degree programs and select this major must adopt the most current catalog.
• Students wanting to major in Business Economics must meet admission requirements for the major.
• Any student receiving a business degree must complete a minimum of 30 of the 61 upper level business credit hours for their degree program in the UCF College of Business Administration. Additionally, 12 of the 30 credit hours completed at UCF must be from the department or school in which the student majors.
• For students seeking a double major within the College of Business, a maximum of 6 hours of Required Courses for the Major or Restricted Electives may count towards another business major. Not eligible for a double degree with another College of Business Administration major.
• A maximum of 6 hours of Major Requirements or Restricted Electives may count towards another degree program or minor.
• Students in the Economics major must maintain a 2.0 or higher cumulative Grade Point Average in all major courses taken at UCF and a 2.0 or higher cumulative GPA in all College of Business courses taken at UCF. Failure to maintain the required GPAs will result in the student being placed on Lack of Progress in the major and/or College. If a student on Lack of Progress fails to achieve the minimum required GPA in the subsequent term of enrollment, the student will be dismissed from the Economics major and/or College of Business. Students dismissed from their major are not eligible to declare a minor in the major they were dismissed from. Students who change their major while on Lack of Progress in the Major and take courses in a subsequent term of enrollment are not permitted to return to the major or minor for which they were placed on Lack of Progress. A student who is dismissed may seek consideration for re-admittance into the College or major by submitting an academic appeal through the College indicating the reasons for academic difficulties and positive plans for achieving the required GPA. Readmission is not automatic or guaranteed and as an exception to College policy is rarely granted.
• Students must earn a "B" or higher in QMB 3003 and QMB 3200 (or a "C" or higher in the equivalent calculus and statistics courses). In addition, only grades of "C" or higher transfer into the program and students must earn a minimum of "C" or higher in all business courses. This includes all courses under Common Program Prerequisites (CPP), Core Requirements: Major Requirements: Restricted Electives Business Elective, and Capstone Requirements below.
• The College of Business does not permit Common Program Prerequisites, Primary Core, Secondary Core, Capstone, or any major/elective course to be taken on an elective S/U grading basis.
• Students enrolled in UCF’s Honors Undergraduate Thesis (HUT) program who complete ECO 4903H (3 units) and ECO 4970H (3 units), and then successfully defend their thesis can substitute ECO 4970H for one restricted elective course in the major.

Degree Requirements

Core Requirements

• Complete all of the following
  • Complete the following:
    • ACG3173 - Accounting for Decision-Makers (3)
    • QMB3200 - Quantitative Business Tools II (3)
    • FIN3403 - Business Finance (3)
    • MAN3025 - Management of Organizations (3)
    • MAR3023 - Marketing (3)
  • Complete the following:
    • GEB3006 - Introduction to Career Development and Financial Plannings (3)
    • GEB3005 - Career Search Strategy (1)
    • BUL3130 - Legal and Ethical Environment of Business (3)
    • MAR3203 - Supply Chain and Operations Management (3)
    • GEB4223 - Business Interviewing Techniques (1)
    • GEB4004 - Executing Your Career Plan (1)
    • QMB3602 - Business Research for Decision Making (3)

Major Requirements

• Complete the following:
  • ECO3101 - Intermediate Microeconomics (3)
  • ECO3203 - Intermediate Macroeconomics (3)

Restricted Electives

• Complete all of the following
  • Complete at least 6 of the following:
    • ECO3223 - Money and Banking (3)
    • ECO3410 - Mathematical Economics (3)
    • ECO3703 - International Microeconomics (3)
    • ECP3004 - Seminar on Current Economic Topics (3)
    • ECP3203 - Labor Economics (3)
    • ECP4303 - Environmental and Natural Resource Economics (3)
    • ECP4403 - Industrial Organization (3)
    • ECS4013 - Development Economics (3)
    • ECO4934 - Topics in Econometrics (3)
    • ECP4530 - Health Economics (3)
    • ECO4400 - Game Theory and Economics (3)
    • ECO4443 - Introduction to Business Analytics (3)
    • ECO4412 - Econometrics I (3)
    • ECO4422 - Econometrics II (3)
    • ECO4504 - Public Economics (3)
    • ECO4713 - International Macroeconomics (3)
    • ECP3006 - Economics of Sports (3)
    • ECO4751 - Law and Economics (3)
    • ECO4714 - Advanced Topics in International Economics (3)
    • ECO3155 - Thinking Like an Economist (3)
    • QMB3311 - Python for Business Analytics (3)
    • ECO3006 - The Economics of Space (3)
  • For students interested in Finance one course from the following list can count as a restricted elective towards the economics degree. NOTE: To enroll in one of these courses you must have taken both FIN 3403 and ACG 3173 and earned a B or better in both courses. FIN 4604 - International Financial Management Credit Hours: 3 FIN 3414 - Intermediate Corporate Finance Credit Hours: 3 FIN 4243 - Debt and Money Markets Credit Hours: 3 FIN 4504 - Equity and Capital Markets Credit Hours: 3

Business Electives

• Complete all of the following
  • Earn at least 3 credits from the following types of courses: Choose any upper level business course.
  • For students interested in preparing for graduate school in Economics and other graduate programs, the following courses are strongly recommended: ECO 3410 - Mathematical Economics Credit Hours: 3 ECO 4412 - Econometrics I Credit Hours: 3 ECO 4422 - Econometrics II Credit Hours: 3 ECP 4403 - Industrial Organization Credit Hours: 3 ECO 4934 - Topics in Econometrics Credit Hours: 3 ECO 4400 - Game Theory and Economics Credit Hours: 3 ECO 4443 - Introduction to Business Analytics Credit Hours: 3

Capstone Requirements

• Complete all of the following
  • Complete the following:
    • MAN4720 - Strategic Management (3)
  • Admitted to a Business major, senior standing, and completion of MAN 3025, MAR 3023, FIN 3403, QMB 3200, and ACG 3173 or ACG 3131 are required to register for MAN 4720.

Grand Total Credits: 60

Electives

• Variable

Foreign Language Requirements

Admissions

• Two years of one foreign language in high school, or one year of one foreign language in college (or equivalent proficiency exam) prior to graduation.

Graduation

• None

Additional Requirements

• None

Required Minors

• None

Departmental Exit Requirements

• Students majoring in Economics must earn a grade of "C" or better in each ECO, ECP, and ECS course, as well as a 2.0 overall average in the major and a minimum College of Business GPA of 2.0.

University Minimum Exit Requirements

• A 2.0 UCF GPA
• 42 semester hours of upper division credit completed
• 60 semester hours earned after CLEP awarded
• 30 of the last 39 hours of course work must be completed in residency at UCF.
• A maximum of 45 hours of extension, correspondence, CLEP, Credit by Exam, and Armed Forces credits permitted.
• Complete the General Education Program, the Gordon Rule, and nine hours of Summer credit.

Total Undergraduate Credit Hours Required: 120

Additional Information

Honors In Major

• Students enrolled in the Honors in the Major (HIM) program who complete ECO 4903H (3 units) and ECO 4970H (3 units), and then successfully defend their thesis can substitute ECO 4970H for one restricted elective course in the major.

Related Programs

• Economics (B.S.)

Certificates

• None

Related Minors

• Business Analytics Minor

Advising Notes

• Florida College System students are advised to complete the Associate of Arts degree, to include the general education requirements, the common program prerequisites for the SUS system, and college algebra.
• Orientation and advising are two of the most valuable tools that a student can make use of when transferring to UCF. Be sure that you take advantage of both.

Transfer Notes

• Lower division courses do not substitute for upper division courses.
• Courses transferred must be formally evaluated for equivalency credit. The student must provide a course syllabus and any other supporting information with his/her petition for this evaluation.
• Common Program Prerequisites for the State University System for College of Business Administration programs include Financial Accounting, Managerial Accounting, Macroeconomics, Microeconomics, Calculus, Statistics, and a relevant computer class. At UCF Business, students who have completed the calculus and statistics class will be waived from Quantitative Business Tools I. Students who have completed either the calculus or the statistics, but not both, must take Quantitative Business Tools I.
• Subject to the general grade and residence requirements, credit will be granted for transferred course work equivalent to that required in the UCF Business program. Only grades of "C" or higher transfer into the program and students must have a "C" or better in each common program prerequisites class.
• Any student receiving a business degree must complete a minimum of 30 of the 61 upper level business credit hours for their degree program in the UCF College of Business Administration. Additionally, 12 of the 30 credit hours completed at UCF must be from the department or school in which the student majors.

Acceptable Substitutes for Transfer Courses

• None

Program Academic Learning Compacts

• Program Academic Learning Compacts (student learning outcomes) for undergraduate programs are located at: https://oeas.ucf.edu/about/academiclearningcompacts/

Equipment Fees

• Part-Time Student: $20 per term
• Full-Time Student: $40 per term