Business Economics
Degree: Bachelor of Science in Business
What is Business-Economics?
Economics is the study of how we use our resources for the production, distribution, and consumption of goods and services. Economists study problems such as inflation and unemployment. They analyze social institutions, banks, the stock market, the government and they look at problems connected with labor negotiations, taxes, international trade, and urban and environmental issues. Miami offers three degree programs in economics; Business-Economics emphasizes direct preparation and skills for a career in business.
What are the features of Miami's program?
Top national ranking: Miami's Farmer School of Business has been ranked as one of the top 50 undergraduate business programs in the country. It is fully accredited by the American Assembly of Collegiate Schools of Business (AACSB), the sole accrediting agency for programs in business administration and accounting. Only 22 percent of American business schools have all of their programs accredited by the AACSB.
Educational leaders: The Department of Economics has more than 25 faculty members who are actively involved in research and teaching, as well as in various professional organizations. Several economics faculty have received teaching awards and work with government agencies, law firms, businesses, and consulting firms. The department is recognized as a national leader in economics education and sponsors national conferences on the teaching of economics and various research topics.
Accessibility: All courses are taught by doctorate-level faculty. The department encourages students to work on research projects with faculty and has one of the largest departmental honors programs at the University. Faculty make extensive use of the most current computing and multimedia technologies in teaching.
Target school for recruitment: Miami has traditionally been a target school for Fortune 500 companies and the Big Four accounting firms. More than 92 percent of Miami business students secure employment within months of graduation, while five percent continue with graduate education. Our alumni prove the quality of their career preparation. More than 2,000 Miami business graduates are presidents, CEOs, or owners of companies.
Are there special admission requirements?
Yes, admission to the Farmer School of Business is limited, and the criteria for admission are subject to change as enrollment demands vary.
Entering freshmen who are admitted to and participate in the School of Business Honors Program are afforded regular business standing upon initial enrollment. All other entering freshmen who are admitted to the School as "pre-business" majors will advance to regular business upon successful completion of all admission requirements. These requirements include 60 semester hours in courses such as Calculus, Introduction to Financial Accounting, and Business Statistics. A 3.0 g.p.a. in all business core courses and Miami Plan Foundation courses is also necessary.
What courses would I take?
All economics programs require at least 30 hours of economics, which cover principles and advanced microeconomic and macroeconomic theory. In addition, business economics requires business core courses that prepare you to help firms and organizations understand and adapt to a changing economic environment. This major also prepares you for graduate study in economics, law school, MBA programs, and public policy programs, as well as for business careers in financial service industries and similar positions.
What can I do with this major?
Economics majors are prepared to play significant roles in a wide variety of industries, including manufacturing, banking and investment, retailing, and transportation. Economics majors interested in the impact of changes in public policy are employed by government and nonprofit agencies, such as the Federal Reserve banks, while those interested in applying economic concepts to private sector issues often work for consulting firms.
Graduates interested in doing advanced economic research pursue graduate study in economics and may earn a Master of Arts in Economics at Miami in one year. If you complete a master's or doctorate in economics, you may choose between academic careers in teaching and research or more advanced positions in the private sector or government agencies.
Who can I contact for more information?
For general information about Miami University, please contact:
Office of Admission
301 S. Campus Ave.
Miami University
Oxford, OH 45056-3434
513-529-2531 (v/t)
www.muohio.edu/requestinfo
For specific information on the Business-Economics major, please contact:
Academic Advising Office
Farmer School of Business
1022 FSB
Miami University
Oxford, OH 45056
513-529-1712 (v/t)
www.fsb.muohio.edu/advising
