Bachelor Of Business Administration in Economics (ECON)

Academic and Professional Skills Developed by the Degree Program

Economics is the science of making choices among scarce resources. These choices are made by individuals who act through numerous social institutions such as families, business firms, financial institutions, governments, labor unions, trade associations, and charities. Economics applies a rigorous method for analyzing choices-constrained maximization to investigate how these institutions make decisions to purchase, produce, and trade resources and goods that satisfy human desires. The Economics Degree program at AUK provides the student with the comprehensive study of domestic and international economics. The student will learn the principles of economics, the theories and methods of economic analysis, the nature of international economic activity, the character of regional Arab economics and the economics of oil and energy. In this Program, students will also examine economic issues including labor, trade, finance and investment.

Graduates with a Bachelor of Business Administration in Economics are sought after by banks, businesses, international corporations, government agencies and non-government organizations. In addition, the degree program in economics at AUK will provide the student with a solid foundation to continue graduate work in economics. Furthermore, the study of economics complements the study of management and business administration and other social sciences, including anthropology, political science, and sociology and provides a solid undergraduate foundation for students intending to pursue graduate programs in business, law, accounting, finance and public administration.

Economics Learning Outcomes:

Upon completion of the AUK Major in Economics the student will be able to:

  • Critically assess the economic impact of shocks to a market by utilizing the skills learned in microeconomics and macroeconomics.  These include being able to determine the impact of changes in variables on economies, identify correlative factors within a market, and distinguish empirical statistical data findings from normative results.
  • Understand analytical concepts such as comparative advantage and exchange to identify efficient market resource allocation as well as acquire the ability to determine the opportunity cost of alternatives and to compare static data analyses.
  • Professionally present an interpretation and analysis of economic data and markets.
  • Demonstrate understanding of basic technical skills when organizing and analyzing statistical data and presenting visual information.

Admission to Program:

•     Students must formally declare their interest in taking the BBA in Economics by the end
      of their sophomore year or second year of full-time coursework.
•     Students must have completed STAT 201 with a grade of “C” or better.


University Degree Requirements (124 Credit Hours)

To receive a BBA in Economics, students must complete at least 124 credit hours:

  • General Education Requirements (49)
  • Core Courses (25)
  • Major Courses (12)
  • Major Electives (12)
  • Internship (3)
  • Free Electives (23)
General Education Requirements (49 credit hours):
Students who plan on a BBA degree in Economics are advised to complete the following General Education Requirement courses:

Students must complete 4 of the following courses (12 credit hours):

MATH 103  

Mathematics for Business

(3)[M]

OR

MATH 110

Pre-Calculus

(3)[M]

OR

STAT 201

Statistics

(3)[M]


These are prerequisites for many Economics courses and must be completed with a grade of “C” or better.

Core Courses (25 credit hours):
Students majoring in Economics must take the following 8 courses (25 credit hours):

ACCT 201

Principles of Financial Accounting

(4)

ECON 200

Principles of Microeconomics

(3)

ECON 201

Principles of Macroeconomics

(3)

ECON 209

Math & Stat for Econ & Business

(3)

ENGL 305

Professional Writing and Communication

(3)

FINC 332

Financial Management

(3)

MGMT 201

Principles of Management

(3)

MRKT 200

Principles of Marketing

(3)


Major Courses (12 credit hours):
Students must complete the following 4 Core Courses (12 credit hours):

ECON 300

Intermediate Microeconomics

(3)

ECON 301

Intermediate Macroeconomics

(3)

ECON 351

Money and Banking

(3)

ECON 363

Environmental & Resource Economics

(3)


Major Electives (12 credit hours):
Students are required to complete 4 courses from among the following, 2 of which must be at the 400-level.

ECON 304

Economics of Labor

(3)

ECON 305

International Economics

(3)

ECON 315

Managerial Economics

(3)

ECON 369

Short Course

(3)

ECON 389

Special Topics

(3)

ECON 405

Comparative Economic Systems

(3)

ECON 409

Economic Development

(3)

ECON 429

Econometrics

(3)

ECON 452

Senior Seminar in International Law and Organization

(3)

ECON 485

Seminar in Economics

(3)


Internship (470/473):

All students must participate in an Internship Program for each BBA Major. The Internship Program provides students with an opportunity to demonstrate their capacity for leadership, teamwork, and business activity in the context of work experience. Internships are completed in the Junior or Senior year and while in residency at AUK. The student is limited to a maximum of 6 credit hours of internship. A maximum of 3 credit hours (taken in increments of 1, 2, or 3 credit hours) may be applied toward any one Major. If a student takes an additional 1-3 credit hours of internship, those credits may be counted towards a student’s second Major, Minor, or as free electives. For the duration of the semester, students are responsible for working 42 hours per semester for each credit hour. Students are to refer to the College’s Internship Handbook for further details of the internship process, requirements, and method of assessment.

Free Electives (23 credit hours)
Students must take sufficient electives to complete the 124 credit hour requirement for graduation. They are strongly advised to consult with their Academic Advisor when choosing these electives

Free Electives (18 credit hours)
Majors are expected to take 6 courses (18 credits hours) of their choice from among courses in Arts and Sciences.

Information on internship assessment for internships offered by the Division of Social Sciences is also located at the end of the “Division of Social Sciences” section of the Catalog.

Bachelor of Business Administration (ECON) 2012-2013 4 Year Plan*

Check course listings for prerequisites and restrictions

Year 1

Semester-1

 

Prefix

Number

Title

Gen Ed

ENGL

101

Approaches to Critical Reading and Writing

Gen Ed

EDUC

100

Essentials of Learning

Gen Ed

MATH

100

College Algebra

Gen Ed

ARAB

[A]

 

Gen Ed

HUM

[H]

 



Year 1

Semester-2 (Freshman)

 

Prefix

Number

Title

Gen Ed

MATH

110

Pre-Calculus

Gen Ed

ENGL

102

Writing & Information Literacy

Gen Ed

ARAB

[K]

 

Gen Ed

HUM

[H]

 

Gen Ed

CSIS

[T]

 



Year 2

Semester-3 (Sophmore)

 

Prefix

Number

Title

Gen Ed

STAT

201

Statistics

Core

ECON

200

Principles of Microeconomics

Core

ACCT

201

Principles of Financial Accounting

Core

MGMT

201

Principles of Management

Gen Ed

SCI

[P]

 



Year 2

Semester-4 (Sophmore)

 

Prefix

Number

Title

Core

ECON

201

Principles of Macroeconomics

Core

ECON

209

Math & Stat for Econ & Business

Core

MRKT

200

Principles of Marketing

Gen Ed

ENGL

108

Public Speaking

Gen Ed

SBSA

[S]

 



Year 3

Semester-5 (Junior)

 

Prefix

Number

Title

Major

ECON

300

Intermediate Microeconomics

Major

ECON

363

Environmental & Resource Economics

Core

ENGL

305

Professional Writing and Communication

Core

FINC

332

Financial Management

Gen Ed

SCI

[P]

 



Year 3

Semester-6 (Junior)

 

Prefix

Number

Title

Major

ECON

301

Intermediate Macroeconomics

Major

ECON

351

Money and Banking

Free Elect

 

 

 

Free Elect

 

 

 

Free Elect

 

 

 



Year 4

Semester-7 (Senior)

 

Prefix

Number

Title

Major Elect

ECON

304

Economics of Labor

Major Elect

ECON

405

Comparative Economic Systems

Internship

ECON

470

Internship

Free Elect

 

 

 

Free Elect

 

 

 



Year 4

Semester-8 (Senior)

 

Prefix

Number

Title

Major Elect

ECON

305

International Economics

Major Elect

ECON

409

Economic Development

Free Elect

 

 

 

Free Elect

 

 

 

Free Elect

 

 

 

*Does not include students' placement into ENGL 100.