Faculty
Cristina Parsons, Assistant Professor of Economics (Program Chair)
V.R. Nemani, Associate Professor of Business Administration
Scott E. Battle, Assistant Professor of Business Administration
John Volpe, Visiting Assistant Professor of Economics
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Description
The Business Economics major offered in the College of Arts and
Sciences provides students with both the theoretical and applied
knowledge that they will need in order to compete in today's rapidly
changing global and national business environment. Grounded in the study
of macro- and microeconomic theory and focused through the study of
traditional business knowledge in business theory, accounting, and
management, this program prepares students to enter the corporate
workforce or to pursue graduate studies leading to an M.B.A.
Students develop the ability to examine and assess complex business
situations from multiple perspectives, to make decisions based on solid
theory and knowledge, and to implement strategies leading to successful
outcomes. The major relies primarily on two disciplines - Economics and
Business Administration - in order to ensure that students are equipped
to become ethical and effective members of the business communities they
inhabit.
The major requires students to complete 54 credits of course work,
distributed among required courses (33 credits), elective courses (18
credits) and a senior seminar in either business or economics (3
credits).
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Major Requirements
Required Courses (33 credits)
ALL of the following economics courses:
ECO 121 Introduction to Economics I (Macroeconomics)
ECO 122 Introduction to Economics II (Microeconomics)
ECO 365 Microeconomic Theory
ECO 366 Macroeconomic Theory
ALL of the following business courses:
BUA 105 Introduction to Business
BUA 324 Business Financial Management
ACC 235 Financial Accounting
ACC 236 Managerial Accounting
MGT 254 Management and Leadership Development
MKT 221 Theory and Practice of Marketing
ONE course in business ethics:
PHI 213 Business and Professional Ethics
Elective courses (18 credits)
THREE additional courses in economics at the 200-level or above
THREE additional business courses (BUA, MGT, or MKT) at the 200-level
or above
Senior Seminar (3 credits)
ONE senior seminar chosen from between:
ECO 480 Senior Seminar in Economics
BUA 480 Senior Seminar in Business
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Program Policies
Advanced Placement:
Advanced Placement scores of 4 or 5 will be accepted for credit to satisfy ECO 121 and ECO
122 only.
CLEP Policy:
Standard scores and above are accepted in the CLEP examination only in
consultation with the Program Chair.
Cross-listed Courses:
Courses that are cross-listed represent identical courses offered with a
different program prefix. Students may not enroll in or receive credit
for more than one iteration of a cross-listed course even in different
semesters.
Grades in Major Courses:
Majors must maintain a minimum cumulative GPA of 2.0 in their
major. Majors must receive a grade of "C" or better in
required courses.
Pass/No Pass:
With the exception of internships, courses fulfilling a major or minor
requirement may not be taken pass/no pass.
Senior Assessment:
The senior assessment for business economics majors is a component of
BUA 480 or ECO 480. The relevant policies of the Business Administration
and Economics Programs apply.
Transfer Credits:
Transferring students who
wish to major in business economics must take at least six economics courses at
Trinity College, one of which must be ECO 480. Acceptance of transfer
courses is dependent upon program review and approval.
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Course Descriptions
Business Courses
The listings below provide course descriptions for required courses
only. Refer to the Undergraduate Business
Administration Program for descriptions of elective courses.
ACC 235 Financial Accounting
Introduces students to the principles and concepts of financial
accounting, including Generally Accepted Accounting Principles (GAAP).
Students learn to prepare income statements, balance sheets, and
statements of owner's equity and cash flow. A strong emphasis is placed
on the accounting cycle and on the preparation and interpretation of
financial statements. Typically offered only in the fall semester.
3 credits
ACC 236 Managerial Accounting
Introduces the theory and practice of management accounting. Students
learn to prepare budgets, the statement of goods manufactured, income
statements for manufacturing concerns, and other internal reports.
Topics include cost behavior analysis, job order costing, process
costing, standard costing, variance analysis, responsibility accounting,
strategic cost management, and capital budgeting.
3 credits
Prerequisite: ACC 235
BUA 105 Introduction to Business
Provides students with an overview of the functions and operations of
business organizations. Topics discussed include forms of business
ownership, research and development, marketing, finance, accounting,
production, materials management, and human resource management.
3 credits
BUA 324 Business Financial Management
Introduces the theory and practice of business financial management.
Discusses the techniques of financial management such as discounted cash
flow, financial statement analysis, cost of capital, capital budgeting
and leverage. Capital market theory and functions of capital markets are
also examined.
3 credits
Prerequisite: ACC 235
MGT 254 Management and Leadership Development
Discusses the principles, concepts, and practice of management. Through
participation in experiential exercises such as simulations,
role-playing, and team activities, students learn how to be more
effective managers and leaders, with a focus on personal awareness and
growth and on building effective working relationships.
3 credits
MKT 221 Theory and Practice of Marketing
Addresses the principles and processes in the marketing of consumer
goods and services and the organizational and environmental variables
that have to be managed in order to be successful. Course materials
focus on the essential components of the marketing mix, including
product development, distribution, pricing policies, and promotional
strategies.
3 credits
Economics Courses
The listings below provide course descriptions for required courses
only. Refer to the Economics Program for
descriptions of elective courses.
ECO 121 Introduction to Economics I (Macroeconomics)
Introduces principles of macroeconomics, emphasizing such topics as
national income, unemployment, inflation, and economic growth. The role
of policy in affecting macroeconomic outcomes is examined in detail.
3 credits
Prerequisites: ECO 122 and MAT 109 or equivalent
FLC Area V
Core II
ECO 122 Introduction to Economics II (Microeconomics)
Introduces principles of microeconomics and their applications. Topics
include supply and demand, operation of markets, consumer and enterprise
behavior, competition and monopoly, and microeconomic policy.
3 credits
Prerequisite: MAT 109 or equivalent
FLC Area V
Core II
ECO 365 Microeconomic Theory
Examines the behavior of individual economic agents. Develops models of
consumer and producer behavior in the setting of perfect competition,
monopoly, and other market structures.
3 credits
Prerequisites: ECO 121 and ECO 122
ECO 366 Macroeconomic Theory
Examines the economy from the aggregate point of view. Analyzes the
factors that cause fluctuations in important economic variables such as
output, employment, consumption, investment, the price level, interest
rates, and exchange rates.
3 credits
Prerequisites: ECO 121 and ECO 122
ECO 480 Senior Seminar
Develops advanced macroeconomic and microeconomic theory and applies it
to current issues. Requires a major research paper.
3 credits
Prerequisites: ECO 121, ECO 122, ECO 365, and ECO 366
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