Economics

All programs offered by the Foster College of Business Administration, Bradley University, are accredited by the AACSB International: The Association to Advance Collegiate Schools of Business.

FACULTY Professors Highfill, O'Brien, Sattler, Scott (chair), Weinstein; Associate Professors Felder, Wojcikewych; Assistant Professors Gretz, Lewer.

The Department of Economics offers a major in the Foster College of Business Administration and in the College of Liberal Arts and Sciences. Normally, individuals planning a career in business should be in the Foster College of Business Administration, and individuals planning a career in government, politics, public policy, or the law should be in the College of Liberal Arts and Sciences. Students interested in an economics major are urged to consult with a departmental advisor for a suggested course of study that will serve their career objectives.

Courses in economics are designed for (1) students of other departments wishing to broaden their understanding of the economic forces of our world; (2) students planning to enter those business and professional careers in which a more specialized understanding of economics is important; and (3) students planning to continue the study of economics or related subjects in graduate school, in order to prepare for professional careers in economics.

The departmental requirements for the major are designed to provide the student with (1) the basic economic theory; (2) the basic quantitative tools; (3) a more specialized understanding of those particular areas of interest in economics; and (4) a broad background in the humanities, physical sciences, and social sciences.

Individuals planning to study for the PhD in economics should take either a minor in mathematics or the following courses: MTH 121, MTH 122, MTH 207, and MTH 223. It is strongly advised that MTH 420 also be taken.

In addition to the University and Foster College of Business Administration requirements, students enrolled in the Department of Economics must fulfill the following requirements:

  • Economics 100 or 221, and 222, 300, 332, 333, 400, 498, 499
  • Junior/Senior Economics Electives - 6 hrs.
  • At least one Heterodox Economics Course (Economics 313, 345, 351, 362, 444) - 3 hrs.
  • Philosophy - 3 hrs.
  • Majors must receive a grade of C or better in Economics 332, 333, and 499.
  • Minimum of 26 semester hours in economics and a minimum of 20 hours at the junior/senior level.

A recommended course sequence for economics, Foster College of Business Administration, and basic skills courses is as follows. Elective courses should be chosen with care to ensure that the University general education and Foster College of Business Administration requirements are met.

Freshman Year

  • ENG 101 Composition - 3 hrs.
  • MTH 115 Brief Calculus with Applications I - 4 hrs.
  • ATG 157 Accounting Principles - 3 hrs.
  • COM 103 The Oral Communication Process - 3 hrs.
  • BUS 100 Contemporary Business - 3 hrs.
  • BMA 172 / Competency Exam - 1 hr.
  • General Education Courses - 15 hrs.
    32 hours

Sophomore Year

  • BUS 210 Team Dynamics - 1 hr.
  • ATG 158 Accounting Principles - 3 hrs.
  • ECO 221 Principles of Microeconomics - 3 hrs.
  • ECO 222 Principles of Macroeconomics - 3 hrs.
  • QM 262, 263 Quantitative Analysis I and II - 6 hrs.
  • Philosophy Elective - 3 hrs.
  • General Education Courses - 13 hrs.
    32 hours

Junior Year

  • ENG 300, 301, 304, 305, or 306 Advanced Writing - 3 hrs.
  • ECO 332 Intermediate Microeconomics Theory - 3 hrs.
  • ECO 333 Intermediate Macroeconomics Theory - 3 hrs.
  • FIN 322 Business Finance - 3 hrs.
  • IB 206 Introduction to International Business - 2 hrs.
  • BMA 342 Legal Environment of Business - 3 hrs.
  • BMA 352 Managing in Organizations - 3 hrs.
  • BUS 220 Career Planning Strategies - 1 hr.
  • MTG 315 Principles of Marketing - 3 hrs.
  • ECO 300 Economics Colloquium for Juniors - 1 hr.
  • Economics Electives - 6 hrs.
    31 hours

Senior Year

  • BMA 372 Management Information Systems - 3 hrs.
  • ECO 498, 499 Senior Seminar in Economics - 3 hrs.
  • ECO 400 Economics Colloquium for Seniors - 1 hr.
  • BMA 353 Operations Management - 3 hrs.
  • BMA 452 Strategic Management and Business Policy - 3 hrs.
  • Heterodox Elective - 3 hrs.
  • Behavioral Sciences - 6 hrs.
  • Free Electives - 4 hrs.
  • General Education Courses - 3 hrs.
    29 hours

Students interested in minoring in economics, see College of Liberal Arts and Sciences, Department of Economics.