Aug 09, 2022  
University Catalog 2022-2023 
    
University Catalog 2022-2023

Business Economics (BS)


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CIP Code = 520601

Business Economics Curriculum (BS)


Economics majors are employed in all sectors of the economy–government, industry and finance, and non-profit organizations. In addition, undergraduate training in economics is an ideal major for those contemplating continuing their formal education in public administration, general business administration, law, or pre-medicine.

The use of economists in all areas of the economy has expanded rapidly and is expected to continue. Business economists perform a wide variety of tasks for governmental agencies and private organizations, such as statistical and general research, pricing and marketing, financial analysis, economic regulation, and forecasting business conditions.

To function effectively, the business economist must have both knowledge of theory and an understanding of economic and business facts and institutions. Although not all economists specialize in statistical or mathematical analysis, an adequate knowledge of mathematics is usually required. Students can also broaden their training by combining their economics major with other areas of interest.

Business Economics Program Objectives

  1. Students will understand constrained optimization techniques as a foundation for consumption, production, and expected utility theories.
  2. Students will understand the business cycle and how fiscal and monetary policies are used to steer the economy.
  3. Students will learn the basics of regression, statistical inference, hypothesis testing, and endogenous relationships.

Program Requirements


A grade of “C” or better must be earned in all economics courses.

Freshman Year


English (GER)

Humanities (GER)

  • 3 Semester Credit Hours
  • Select two Humanities (GER) courses from the following disciplines: Literature, Foreign Languages, History, Classical Studies, Communications, Philosophy, Religious Studies, or Interdisciplinary. NOTE: some of these subject matter disciplines may not be offered at Louisiana Tech University.  6 Semester Credit Hours
Natural Sciences (GER)

Major Courses

Total: 30 SCH

Sophomore Year


Natural Sciences (GER)

  • Select one Biology (BISC) class (3 semester hours) AND
  • Select one Physical Science class (3 semester hours)
    • OR
  • Select two Physical Science classes (6 semester hours) - must be in same discipline
  • NOTE:  Physical Science courses from the following disciplines:  Chemistry, Geology, Physics, Astronomy, or Meterology (some of these subject matter disciplines may not be offered at Louisiana Tech University.)

Social/Behavioral Sciences (GER)

Major Courses

Electives

  • Electives 3 Semester Credit Hours
Fine Arts (GER)

Total: 30 SCH

Junior Year


Major Courses

Electives

  • Electives  2 Semester Credit Hours
Total: 30 SCH

Senior Year


Major Courses

Electives

  • Electives  3 Semester Credit Hours
Total: 30 SCH

Total Semester Hours 120


*College of Business Electives are chosen by the student in consultation with the faculty advisor and must be a 300- or 400-level business course.

**A grade of “C” or better must be earned in this course.

***(IER): International Education Requirement:  ACCT 485 , CIS 485  , ECON 485 , FINC 485 , MGMT 485 , or MKTG 485 ..

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