Economics

Degree

Minor in Economics
College of Business (COB)

Contact

Oak McCoy, PhD 
Assistant Professor, College of Business
Bmccoy6@une.edu

Mission

The mission of the Business programs is to provide experienced, skilled and supportive faculty who offer relevant curricula that will help prepare students to thrive in and face the challenges of an ever-changing world. More specifically, the College of Business strives to:

  • Prepare students for ethically and socially responsible roles in business, not-for-profit organizations, and society in general
  • Develop in students the ability to recognize, analyze, and solve problems
  • Prepare students to speak and present in front of various audiences in an articulate and compelling manner
  • Help students achieve their personal and career goals
  • Prepare students for entry-level positions in either the private or public sector and/or to prepare students for coursework at the graduate level

Minor Description

The Economics minor provides students with a foundation in economic theory and analysis with courses in Macroeconomics and Microeconomics.

Students build on that foundation by learning to apply concepts, techniques and analysis in courses such as Environmental Economics, Ecological Economics, Economic Development of the United States, Health Economics, Money Credit and Banking, International Trade and Finance, Evolution of Modern Economic Theory, and International Political Economy.

Curricular Requirements

A student with a major other than Business Administration may, with the permission of the academic director, minor in Economics. Students with a major in Business Administration may pursue one of the concentrations within the business administration degree, including but not limited to management, marketing, economics, international business, social innovation, entrepreneurship, or health sector management.

Required CoursesCredits
BUEC 203 – Macroeconomics3
BUEC 204 – Microeconomics3
Four (4) 300- or 400-level Program Specific Electives (see below)12
Total Required Credits18
Program Specific Electives (may include but are not limited to the following)Credits
BUEC 365 – Evolution of Economic Theory3
BUEC 370 – Money Credit and Banking3
BUEC 375 – International Trade and Finance3
BUEC 380 – Economic Development of the U.S.3
BUEC 385 – Health Economics3
BUEC 390/ENV 324 – Environmental Economics3
BUEC 395 – Ecological Economics3
PSC 322 – International Political Economy3

Academic and Technical Standards

Economic minors must earn a minimum of a 2.0 GPA (C) in the two (2) required courses and the four 300- or 400-level economics elective courses.

Accreditation

All degree programs offered are accredited by The New England Association of Schools and Colleges (NEASC). The Business Administration Degree Program in the College of Business is additionally accredited by the Accreditation Council for Business Schools and Programs (ACBSP).

Learning Outcomes

Upon successful completion of the Economics minor, students will be able to:

  • Explain how individuals and businesses respond to market incentives and how incentives resolve in real-world situations.
  • Demonstrate the conditions under which the market allocates resources efficiently and under what conditions it fails to produce socially optimal outcomes.
  • Demonstrate the assumptions, limitations, and applications of the neoclassical school of thought reflected in both micro and macroeconomic models.
  • Identify and explain the key concepts in macroeconomic analysis and be able to demonstrate how they are impacted by external events and policy using Keynesian and Classical models.
  • Explain the factors that have determined productivity trends in the history of U.S. economic development with reference to theory and empirical data.

Transfer Credits

See Undergraduate Admissions for more information.

Admissions

See Undergraduate Admissions for more information.

Financial Information

TUITION AND FEES

Tuition and fees for subsequent years may vary. Other expenses include books and housing. For more information regarding tuition and fees, please consult the Financial Information section of this catalog.

Notice and Responsibilities Regarding this Catalog

This catalog outlines the academic programs, degree criteria, policies, and events of the SWAGÊÓƵ for the 2024–2025 academic year and serves as the official guide for academic and program requirements for students enrolling at the University during the Summer of 2024, Fall 2024, and Spring 2025 semesters.

The information provided is accurate as of its publication date on April 26, 2024.
The SWAGÊÓƵ reserves the right to modify its programs, calendar, or academic schedule as deemed necessary or beneficial. This includes alterations to course content, class rescheduling, cancellations, or any other academic adjustments. Changes will be communicated as promptly as possible.

While students may receive guidance from academic advisors or program directors, they remain responsible for fulfilling the requirements outlined in the catalog relevant to their enrollment year and for staying informed about any updates to policies, provisions, or requirements.