Business Economics
Business Economics
The Business Economics major is for students who want to understand decision-making and problem solving in the context of business and social environments. The major fosters an understanding of the objectives and functions of a market economy and applies these principles to business and social problems. Economics provides a unified framework to think about choices in many contexts, the consequences of these choices, and the ability of leaders to implement them. Business Economics majors acquire a key piece of intellectual capital: a well-honed skill for critical thinking, especially with regard to problems that involve data and quantitative methods.
Skills
- Analyze human interactions
- Understand and apply economic models and concepts
- Solve complex problems through analysis and critical thinking
- Make arguments and decisions based on quantitative data
- Effectively examine, analyze, and interpret data
- Develop understanding of business core competencies that are applicable to various fields
- Evaluate the impact of variables in the marketplace and identify patterns and trends
Top Employers
- JPMorgan Chase & Co
- Wintrust Financial
- West Monroe
- Deloitte
- Ally Logistics
- Goldman Sachs
- William Blair
- EY
- Cintas
- FIS
Career Opportunities
- Analyst
- Assistant General Manager
- Associate Banker
- Business Analyst
- Digital Marketing Analyst
- Executive Development Program
- Financial Institute Specialist
- Global Military Sales Analyst
- Operations Manager
- RISC FLDP
- Risk Analyst
- Risk Assurance Associate
- Strategy and Operations Business Analyst
Sample Plans
Choose the academic year that you began at Miami:
2024-2025
This sample plan is a supplement to your Degree Audit Report. Consult with your advisor on a regular basis for individual academic planning. Sequencing of Miami Plan courses is flexible.
IC = Intercultural Consciousness
FYIC = First-Year Integrated Core (BUS 101, BUS 102, ESP 103, BUS 104)
*BUS/ENG 284 fulfills Advanced Writing
First Year
| Course | Number of Hours |
|---|---|
| FYIC | 8 |
| MTH 141 or 151 | 5 |
| Intercultural Consciousness (IC) | 3 |
| BUS 106 | 1 |
| Total Semester Hours | 17 |
| Course | Number of Hours |
|---|---|
| CSE 148 | 3 |
| ECO 201 or ECO 202 | 3 |
| Natural Science | 3 |
| ENG 111 | 3 |
| Creative Arts | 3 |
| Total Semester Hours | 15 |
Second Year
| Course | Number of Hours |
|---|---|
| ECO 202 or ECO 201 | 3 |
| ISA 125 or ACC 221 | 3 |
| ISA 235 | 3 |
| MGT 291 or MKT 291 | 3 |
| Humanities | 3 |
| Total Semester Hours | 15 |
| Course | Number of Hours |
|---|---|
| ECO Elective | 3 |
| ACC 221 or ISA 125 | 3 |
| BUS 284* | 3 |
| MKT 291 or MGT 291 | 3 |
| Natural Science | 3 |
| Lab | 1 |
| Total Semester Hours | 16 |
Third Year
| Course | Number of Hours |
|---|---|
| ECO 311 or ECO 315 or ECO 317 | 3 |
| ECO Elective | 3 |
| ISA 225 or ACC 222 | 3 |
| MGT 295 | 3 |
| Global Inquiry | 3 |
| Total Semester Hours | 15 |
| Course | Number of Hours |
|---|---|
| ECO 315 or ECO 317 or ECO 311 | 3 |
| ECO Elective | 3 |
| ACC 222 or ISA 225 | 3 |
| DEI | 3 |
| Signature Inquiry | 3 |
| Total Semester Hours | 15 |
Fourth Year
| Course | Number of Hours |
|---|---|
| Advanced ECO Elective | 3 |
| ECO 317 or 311 or 315 | 3 |
| FIN 301 | 3 |
| Signature Inquiry | 3 |
| Elective(s) | 4 |
| Total Semester Hours | 16 |
| Course | Number of Hours |
|---|---|
| Advanced ECO Elective | 3 |
| Business Capstone | 3 |
| BLS 342 | 3 |
| Signature Inquiry | 3 |
| IC or Global Inquiry | 3 |
| Total Semester Hours | 15 |
Departmental Notes:
- A 2.0 GPA in all ECO courses is required to graduate
- ECO 315, ECO 317, and at least 3 additional hours of upper-level (300+) ECO coursework myust be taken at Miami
- An ECO course that satisfies the Business Capstone requirement may also count as an ECO Elective requirement
- It is strongly advised that students do not take ECO 315 and 317 in the same semester.
- The major requires 15 hours of ECO electives, at least 6 which must be in courses that require ECO 315 and/or 317 as a pre-requisite(s) (known as Advanced ECO Electives and numbered 410 or above)
- Prerequisites for all 300- and 400-level courses include ECO 201 and ECO 202 unless otherwise stated
- Refer to the 2024-2025 General Bulletin for other course pre-and/or co-requisite requirements
- For more information, visit the Department of Economics website
General Requirements:
- Must earn 124 hours to graduate; minimum of 39 hours of non-business coursework required.
- 2.0 GPA overall and 2.0 GPA in business required to graduate
- First-Year Integrated Core (BUS 101, BUS 102, ESP 103, BUS 104) satisfies
the Miami Plan Experiential Learning requirement. - The Miami Plan Diversity, Equity, and Inclusion (DEI) requirement will satisfy the Business Diversity requirement
2023-2024
This sample plan is a supplement to your Degree Audit Report. Consult with your advisor on a regular basis for individual academic planning. Sequencing of Miami Plan courses is flexible.
IC = Intercultural Consciousness
FYIC = First-Year Integrated Core (BUS 101, BUS 102, ESP 103, BUS 104)
*BUS/ENG 284 fulfills Advanced Writing
First Year
| Course | Number of Hours |
|---|---|
| FYIC | 8 |
| MTH 141 or 151 | 5 |
| Intercultural Consciousness (IC) | 3 |
| BUS 106 | 1 |
| Total Semester Hours | 17 |
| Course | Number of Hours |
|---|---|
| CSE 148 | 3 |
| ECO 201 or ECO 202 | 3 |
| Natural Science | 3 |
| ENG 111 | 3 |
| Creative Arts | 3 |
| Total Semester Hours | 15 |
Second Year
| Course | Number of Hours |
|---|---|
| ECO 202 or ECO 201 | 3 |
| ISA 125 or ACC 221 | 3 |
| ISA 235 | 3 |
| MGT 291 or MKT 291 | 3 |
| Humanities | 3 |
| Total Semester Hours | 15 |
| Course | Number of Hours |
|---|---|
| ECO Elective | 3 |
| ACC 221 or ISA 125 | 3 |
| BUS 284* | 3 |
| MKT 291 or MGT 291 | 3 |
| Natural Science | 3 |
| Science Lab | 1 |
| Total Semester Hours | 16 |
Third Year
| Course | Number of Hours |
|---|---|
| ECO 315 or ECO 317 | 3 |
| ECO Elective | 3 |
| ISA 225 or ACC 222 | 3 |
| MGT 295 | 3 |
| Global Inquiry | 3 |
| Total Semester Hours | 15 |
| Course | Number of Hours |
|---|---|
| ECO 317 or ECO 315 | 3 |
| ECO 311 | 3 |
| ACC 222 or ISA 225 | 3 |
| DEI | 3 |
| Signature Inquiry | 3 |
| Total Semester Hours | 15 |
Fourth Year
| Course | Number of Hours |
|---|---|
| Advanced ECO Elective | 3 |
| ECO Elective | 3 |
| FIN 301 | 3 |
| Signature Inquiry | 3 |
| Non-business Elective(s) | 4 |
| Total Semester Hours | 16 |
| Course | Number of Hours |
|---|---|
| Advanced ECO Elective | 3 |
| Business Capstone | 3 |
| BLS 342 | 3 |
| Signature Inquiry | 3 |
| IC or Global Inquiry | 3 |
| Total Semester Hours | 15 |
Departmental Notes:
- A 2.0 GPA in all ECO courses is required to graduate
- Refer to the 2023-2024 General Bulletin for course pre-and/or co-requisite requirements
- ECO 315, ECO 317, and at least 3 additional hours of upper-level (300+) ECO coursework myust be taken at Miami
- ECO 405 may satisfy the Business Capstone and ECO Elective requirement.
- It is strongly advised that students do not take ECO 315 and 317 in the same semester.
- The major requires 15 hours of ECO electives, at least 6 which must be in courses that require ECO 315 and/or 317 as a pre-requisite(s) (known as Advanced ECO Electives and numbered 410 or above).
- Prerequisites for all 300- and 400-level courses include ECO 201 and ECO 202 unless otherwise stated.
- For more information, visit the Department of Economics website
General Requirements:
- Must earn 124 hours to graduate; minimum of 52 hours of non-business coursework required.
- 2.0 GPA overall and 2.0 GPA in business required to graduate
- First-Year Integrated Core (BUS 101, BUS 102, ESP 103, BUS 104) satisfies
the Miami Plan Experiential Learning requirement. - The Miami Plan Diversity, Equity, and Inclusion (DEI) requirement will satisfy the Business Diversity requirement
2022-2023
This sample plan is a supplement to your Degree Audit Report. Consult with your advisor on a regular basis for individual academic planning. Sequencing of Global Miami Plan courses is flexible.
IP = Intercultural Perspectives
FYIC = First-Year Integrated Core (BUS 101, BUS 102, ESP 103, BUS 104)
*BUS/ENG 284 fulfills Advanced Writing
First Year
| Course | Number of Hours |
|---|---|
| MTH 141 or MTH 151 | 5 |
| CSE 148 | 3 |
| ENG 111 | 3 |
| Physical Science & Lab | 4 |
| BUS 106 | 1 |
| Total Semester Hours | 16 |
| Course | Number of Hours |
|---|---|
| FYIC | 8 |
| Creative Arts | 3 |
| ECO 201 | 3 |
| Humanities | 3 |
| Total Semester Hours | 17 |
Second Year
| Course | Number of Hours |
|---|---|
| ECO 202 | 3 |
| ACC 221 | 3 |
| ISA 125 | 3 |
| Biological Science | 3 |
| MGT 291 or BUS 284* | 3 |
| Total Semester Hours | 15 |
| Course | Number of Hours |
|---|---|
| ECO 315 or 317 | 3 |
| ACC 222 | 3 |
| ISA 225 | 3 |
| Business Diversity/IP | 3 |
| ISA 235 | 3 |
| Total Semester Hours | 15 |
Third Year
| Course | Number of Hours |
|---|---|
| ECO Elective or ECO 311 | 3 |
| ECO 317 or 315 | 3 |
| MKT 291 or MGT 295 | 3 |
| BUS 284* or MGT 291 | 3 |
| Global Perspectives | 3 |
| Total Semester Hours | 15 |
| Course | Number of Hours |
|---|---|
| ECO 311 or ECO Elective | 3 |
| ECO Elective | 3 |
| MGT 295 or MKT 291 | 3 |
| Thematic Sequence | 3 |
| FIN 301 | 3 |
| Total Semester Hours | 15 |
Fourth Year
| Course | Number of Hours |
|---|---|
| ECO Adv. Elective | 3 |
| ECO Elective | 3 |
| Thematic Sequence | 3 |
| BLS 342 | 3 |
| Elective | 4 |
| Total Semester Hours | 16 |
| Course | Number of Hours |
|---|---|
| ECO Adv. Elective | 3 |
| Elective | 3 |
| Thematic Sequence | 3 |
| Global Perspectives | 3 |
| Business Capstone | 3 |
| Total Semester Hours | 15 |
Departmental Notes:
- A 2.0 GPA is required across all ECO courses to graduate.
- At least 9 hours of upper-level ECO coursework must be taken at Miami (including ECO 315 and ECO 317).
- ECO 405 may satisfy the Business Capstone and ECO Elective requirement.
- It is strongly advised that students do not take ECO 315 and 317 in the same semester.
- The major requires 15 hours of ECO electives, at least 6 of those hours must be in courses that require ECO 315 or 317 as a pre-requisite (known as ECO Adv Electives and numbered 410 or above).
- Prerequisites for all 300- and 400-level courses include ECO 201 and ECO 202 unless otherwise stated.
- For more information, visit the FSB website: fsb.miamioh.edu
General Requirements:
- Must earn 124 hours to graduate; minimum of 52 hours of non-business coursework required.
- 2.0 GPA overall and 2.0 GPA in business required to graduate
- FSB students must select a non-business thematic sequence (some exceptions—consult your advisor).
- Diversity courses may meet GMP Intercultural Perspectives.
- Pre-requisite information available in the Miami Bulletin: www.miamioh.edu/bulletin
- First-Year Integrated Core (BUS 101, BUS 102, ESP 103, BUS 104) satisfies
GMP Experiential Learning.
2021-2022
This sample plan is a supplement to your Degree Audit Report. Consult with your advisor on a regular basis for individual academic planning. Sequencing of Global Miami Plan courses is flexible.
IP = Intercultural Perspectives
FYIC = First-Year Integrated Core (BUS 101, BUS 102, ESP 103, BUS 104)
First Year
| Course | Number of Hours |
|---|---|
| MTH 141 or MTH 151 | 5 |
| CSE 148 | 3 |
| ENG 111 | 3 |
| Physical Science & Lab | 4 |
| BUS 106 | 1 |
| Total Semester Hours | 16 |
| Course | Number of Hours |
|---|---|
| FYIC | 8 |
| Creative Arts | 3 |
| ECO 201 | 3 |
| Global Perspectives | 3 |
| Total Semester Hours | 17 |
Second Year
| Course | Number of Hours |
|---|---|
| ECO 202 | 3 |
| ACC 221 | 3 |
| ISA 125 | 3 |
| Biological Science | 3 |
| BUS 284* | 3 |
| Total Semester Hours | 15 |
| Course | Number of Hours |
|---|---|
| ECO 315 or 317 | 3 |
| ACC 222 | 3 |
| ISA 225 | 3 |
| Humanities | 3 |
| ISA 235 | 3 |
| Total Semester Hours | 15 |
Third Year
| Course | Number of Hours |
|---|---|
| ECO Elective or ECO 311 | 3 |
| ECO 317 or 315 | 3 |
| FIN 301 | 3 |
| MGT 291 | 3 |
| Business Diversity/IP | 3 |
| Total Semester Hours | 15 |
| Course | Number of Hours |
|---|---|
| ECO 311 or ECO Elective | 3 |
| ECO Elective | 3 |
| MKT 291 | 3 |
| Thematic Sequence | 3 |
| MGT 295 (formerly 302) | 3 |
| Total Semester Hours | 15 |
Fourth Year
| Course | Number of Hours |
|---|---|
| ECO Adv. Elective | 3 |
| ECO Elective | 3 |
| Thematic Sequence | 3 |
| BLS 342 | 3 |
| Elective | 4 |
| Total Semester Hours | 16 |
| Course | Number of Hours |
|---|---|
| ECO Adv. Elective | 3 |
| Elective | 3 |
| Thematic Sequence | 3 |
| Global Perspectives | 3 |
| Business Capstone | 3 |
| Total Semester Hours | 15 |
Departmental Notes:
- A 2.0 GPA is required across all ECO courses to graduate.
- At least 9 hours of upper-level ECO coursework must be taken at Miami (including ECO 315 and ECO 317).
- ECO 405 may satisfy the Business Capstone and ECO Elective requirement.
- It is strongly advised that students do not take ECO 315 and 317 in the same semester.
- The major requires 15 hours of ECO electives, at least 6 of those hours must be in courses that require ECO 315 or 317 as a pre-requisite (known as ECO Adv Electives and numbered 410 or above).
- Prerequisites for all 300- and 400-level courses include ECO 201 and ECO 202 unless otherwise stated.
- Additional Resources:
General Requirements:
- Must earn 124 hours to graduate; minimum of 52 hours of non-business coursework required.
- 2.0 GPA overall and 2.0 GPA in business required to graduate.
- FSB students must select a non-business thematic sequence (some exceptions - consult your advisor).
- Pre-requisite information available in the Miami Bulletin.
- Diversity courses may meet GMP Intercultural Perspectives.
- First-Year Integrated Core (BUS 101, BUS 102, ESP 103, BUS 104) satisfies GMP Experiential Learning.
- BUS/ENG 284 fulfills Advanced Writing
2020-2021
This sample plan is a supplement to your Degree Audit Report. Consult with your advisor on a regular basis for individual academic planning. Sequencing of Global Miami Plan courses is flexible.
IP = Intercultural Perspectives
FYIC = First-Year Integrated Core (BUS 101, BUS 102, ESP 103, BUS 104)
First Year
| Course | Number of Hours |
|---|---|
| MTH 151 or 141 | 5 |
| CSE 148 | 3 |
| ENG 111 | 3 |
| Physical Science & Lab | 4 |
| BUS 106 | 1 |
| Total Semester Hours | 16 |
| Course | Number of Hours |
|---|---|
| FYIC | 8 |
| Creative Arts | 3 |
| ECO 201 | 3 |
| Global Perspectives | 3 |
| Total Semester Hours | 17 |
Second Year
| Course | Number of Hours |
|---|---|
| ECO 202 | 3 |
| ACC 221 | 3 |
| ISA 125 | 3 |
| Biological Science | 3 |
| BUS 284* | 3 |
| Total Semester Hours | 15 |
| Course | Number of Hours |
|---|---|
| ECO 315 or 317 | 3 |
| ACC 222 | 3 |
| ISA 225 | 3 |
| Humanities | 3 |
| ISA 235 | 3 |
| Total Semester Hours | 15 |
Third Year
| Course | Number of Hours |
|---|---|
| ECO Elective or ECO 311 | 3 |
| ECO 317 or 315 | 3 |
| FIN 301 | 3 |
| MGT 291 | 3 |
| Business Diversity/IP | 3 |
| Total Semester Hours | 15 |
| Course | Number of Hours |
|---|---|
| ECO 311 or ECO Elective | 3 |
| ECO Elective | 3 |
| MKT 291 | 3 |
| Thematic Sequence | 3 |
| MGT 295 (formerly 302) | 3 |
| Total Semester Hours | 15 |
Fourth Year
| Course | Number of Hours |
|---|---|
| ECO Adv. Elective | 3 |
| ECO Elective | 3 |
| Thematic Sequence | 3 |
| BLS 342 | 3 |
| Elective | 4 |
| Total Semester Hours | 16 |
| Course | Number of Hours |
|---|---|
| ECO Adv. Elective | 3 |
| Elective | 3 |
| Thematic Sequence | 3 |
| Global Perspectives | 3 |
| Business Capstone | 3 |
| Total Semester Hours | 15 |
Departmental Notes:
- A 2.0 GPA is required across all ECO courses to graduate.
- At least 9 hours of upper-level ECO coursework must be taken at Miami (including ECO 315 and ECO 317).
- ECO 405 may satisfy the Business Capstone and ECO Elective requirement.
- It is strongly advised that students do not take ECO 315 and 317 in the same semester.
- The major requires 15 hours of ECO electives, at least 6 of those hours must be in courses that require ECO 315 or 317 as a pre-requisite (known as ECO Adv Electives and numbered 410 or above).
- Prerequisites for all 300- and 400-level courses include ECO 201 and ECO 202 unless otherwise stated.
- Additional Resources:
General Requirements:
- Must earn 124 hours to graduate; minimum of 52 hours of non-business coursework required.
- 2.0 GPA overall and 2.0 GPA in business required to graduate.
- FSB students must select a non-business thematic sequence (some exceptions - consult your advisor).
- Pre-requisite information available in the Miami Bulletin.
- Diversity courses may meet GMP Intercultural Perspectives.
- First-Year Integrated Core (BUS 101, BUS 102, ESP 103, BUS 104) satisfies GMP Experiential Learning.
- BUS/ENG 284 fulfills Advanced Writing
2019-2020
This sample plan is a supplement to your Degree Audit Report. Consult with your advisor on a regular basis for individual academic planning. Sequencing of Global Miami Plan courses is flexible.
IP = Intercultural Perspectives
FYIC = First-Year Integrated Core (BUS 101, BUS 102, ESP 103, BUS 104)
First Year
| Course | Number of Hours |
|---|---|
| MTH 151 or 141 | 5 |
| CSE 148 | 3 |
| ENG 111 | 3 |
| Physical Science & Lab | 4 |
| BUS 106 | 1 |
| Total Semester Hours | 16 |
| Course | Number of Hours |
|---|---|
| FYIC | 8 |
| ISA 125 | 3 |
| ECO 201 | 3 |
| Global Perspectives | 3 |
| Total Semester Hours | 17 |
Second Year
| Course | Number of Hours |
|---|---|
| ECO 202 | 3 |
| ACC 221 | 3 |
| ISA 225 | 3 |
| Biological Science | 3 |
| BUS 284 | 3 |
| Total Semester Hours | 15 |
| Course | Number of Hours |
|---|---|
| ECO 315 | 3 |
| ACC 222 | 3 |
| MGT 295 (formerly 302) | 3 |
| Humanities | 3 |
| ISA 235 | 3 |
| Total Semester Hours | 15 |
Third Year
| Course | Number of Hours |
|---|---|
| ECO Elective or ECO 311 | 3 |
| ECO 317 | 3 |
| FIN 301 | 3 |
| MKT 291 | 3 |
| Creative Arts | 3 |
| Total Semester Hours | 15 |
| Course | Number of Hours |
|---|---|
| ECO 311 or ECO Elective | 3 |
| ECO Elective | 3 |
| MGT 291 | 3 |
| Thematic Sequence | 3 |
| Elective | 4 |
| Total Semester Hours | 16 |
Fourth Year
| Course | Number of Hours |
|---|---|
| ECO Adv. Elective | 3 |
| ECO Elective | 3 |
| Thematic Sequence | 3 |
| BLS 342 | 3 |
| Business Diversity / IP | 3 |
| Total Semester Hours | 15 |
| Course | Number of Hours |
|---|---|
| ECO Adv. Elective | 3 |
| Elective | 3 |
| Thematic Sequence | 3 |
| Global Perspectives | 3 |
| Business Capstone | 3 |
| Total Semester Hours | 15 |
Departmental Notes:
- A 2.0 GPA is required in all ECO courses to graduate.
- At least 9 hours of upper-level ECO coursework must be taken at Miami (including ECO 315 and ECO 317).
- The major requires 15 hours of ECO Electives, at least 6 of those hours must be in courses that require ECO 315 or 317 as a pre-requisite (known as ECO Adv. Electives and numbered 410 or above).
- ECO Electives include the following: ECO 301, 325, 331, 332, 344, 347, 356, 361, 373, 385, 405, 406, and 407.
- Advanced ECO Electives include the following: ECO 411, 414, 418, 441, 442, 451, 461, 462, and 465.
- ECO 405 may satisfy the Business Capstone and ECO Elective requirement.
- It is strongly advised that students do not take ECO 315 and 317 in the same semester.
- Additional Resources:
General Requirements:
- Must earn 124 hours to graduate; minimum of 52 hours of non-business coursework required.
- 2.0 GPA overall and 2.0 GPA in business required to graduate.
- FSB students must select a non-business thematic sequence (some exceptions - consult your advisor).
- Pre-requisite information available in the Miami Bulletin.
- Diversity courses may meet GMP Intercultural Perspectives.
- First-Year Integrated Core (BUS 101, BUS 102, ESP 103, BUS 104) satisfies GMP Experiential Learning.
- BUS/ENG 284 fulfills Advanced Writing
