Business Economics
| Degree: | Bachelor of Science in Business Administration (B.S.B.A.) |
| Major: | Business Economics |
| Specializations: | Comprehensive Economics Global Economics |
| Minor: | Business Economics |
| Department: | Department of Commerce Building 53, Room 120E (850) 474-2652 https://uwf.edu/cob/departments/commerce/ |
| College: | Business |
| CIP Code: | 52.0601 |
| Semester Hours Required For Degree: 120 | |
The B.S.B.A. in Business Economics is an included program in the University's accreditation by AACSB International.
The B.S.B.A. in Business Economics is for students interested in economics as it applies to business and government organizations. The program provides students with a comprehensive view of the area of economics in business, allowing them to apply a set of analytical tools to understand the interrelations between the economy and the business environment under different market conditions.
Economics majors develop technical and analytical skills needed for policy oriented decisions in local and global markets, often based on analysis of fundamental resource allocations issues. Economists work in a broad range of areas that include in-depth inquiries, including the following: business strategy (Should we expand into a new market?); societal policies (What is the best way to fight environmental pollution?); and global issues (What rules should govern trade among nations?). Further inquires are conducted into how trade is affected by the elimination of tariffs and quotas. Students in the B.S.B.A. in Economics actively participate in small projects, such as data analysis and forecasting, intended to provide them with hands-on experience in managerial decision making. Specific topics include healthcare, crime, finance, production, international trade, labor, taxation, politics, the environment, pricing strategies, regulation and deregulation, data analysis and forecasting, and many others.
Many Economics graduates choose to attend graduate school, thereby enhancing their career opportunities. A major in Economics provides outstanding preparation for the M.B.A. degree, and an Economics degree is regarded as an excellent background to study Law or to pursue a Master’s in Economics.
Economics students may choose from the following specializations: Comprehensive Economics and Global Economics.
Program Requirements
In addition to general University requirements, students seeking the B.S.B.A. in Economics must meet the requirements listed below. A minimum course grade of “C” is required in all College of Business prerequisites, major, and major-related courses.
Students should consult their academic advisor for courses which may satisfy both the General Education requirements and common prerequisites.
College of Business BSBA Core
All students pursuing a BSBA major in the College of Business must complete each of the following BSBA core courses with a grade of C (2.0) or better.
| BUL 3130 | Legal and Ethical Environment of Business | 3 |
| FIN 3403 | Managerial Finance | 3 |
| GEB 3213 | Writing for Business: Theory and Practice | 3 |
| GEB 4361 | International Business | 3 |
| ISM 3011 | e-Business Systems Fundamentals | 3 |
| ISM 3116 | Introduction to Business Analytics | 3 |
| MAN 3025 | Management Fundamentals | 3 |
| MAN 3504 | Operations Management | 3 |
| MAN 4720 | Strategic Management | 3 |
| MAR 3023 | Marketing Fundamentals | 3 |
| Total Hours | 30 | |
College of Business Undergraduate Transfer Credit Policy
The College of Business at the University of West Florida is accredited by AACSB International, the highest level of accreditation available to a college or school of business. As such, the College believes that it is in the student's best interest to take all junior/senior level BSBA Core, Major, and Major-related courses at UWF. These courses are typically taught by academically or professionally qualified faculty members as defined in the College's policy on faculty qualifications.
Undergraduate transfer credit for degree programs in the College of Business is awarded consistent with specifications in the UWF Catalog and the requirements of Florida's Common Numbering System.
Normally, the College of Business will not accept transfer credits as equivalent to UWF 3000/4000 level business-related courses from institutions not accredited by AACSB International.
Students should seek guidance from their College of Business academic advisors on these matters.
Comprehensive Economics Specialization
This specialization prepares students for a broad range of career positions in economics. Students have a great deal of flexibility in structuring their program, subject to advisor approval.
General Education
In addition to the General Education requirements listed on this page, students must satisfy all additional University requirements, including the Gordon Rule, multicultural, and foreign language requirements. With appropriate planning and coordination with an academic advisor, students may satisfy some of the general University requirements through the General Education curriculum. For a complete listing of general degree requirements, refer to the "University Requirements" section of this catalog.
General Education Curriculum:
Economics BSBA majors should take the following courses to satisfy components of the General Education curriculum courses:
| Humanities | ||
| SPC 2608 | Public Speaking | 3 |
| Mathematics | ||
| STA 2023 | Elements of Statistics | 3 |
| MAC 2233 | Calculus with Business Applications | 3 |
| Social Science | ||
| ECO 2013 | Principles of Economics Macro | 3 |
Multicultural Requirement
Civic Literacy Requirement
The 2017 Florida Legislature amended Section 1007.25, Florida Statutes, to require students initially entering a State University System (SUS) and/or Florida College System (FCS) institution in 2018-2019 and thereafter to demonstrate competency in civic literacy. The 2021 Legislature further amended Florida Statutes, requiring students to complete both a civic literacy course and an exam. As a result, there are three cohorts of students currently matriculating at Florida public institutions subject to varying requirements. As demonstrated in the table below, the exact civic literacy requirements are based on the academic term in which a student first enrolled in a Florida public institution.
| Students Included in Cohort | Civic Literacy Competency Requirement |
| Cohort 1: Students first entering the SUS or FCS prior to fall 2018 | None |
| Cohort 2: Students first entering the SUS or FCS in fall 2018 – summer A 2021 | Complete a course or exam |
| Cohort 3: Students first entering the SUS or FCS in summer B 2021 (on or after July 1, 2021) and thereafter | Complete both a course and exam |
Additionally, the 2021 Legislature made two additional exceptions: approving the use of accelerated mechanisms for meeting the course competency requirement and exempting high school students who pass the Florida Civic Literacy Exam in high school from the postsecondary exam requirement. These two changes are in effect for Cohort 3.
There are multiple ways to satisfy this requirement. Students should work with their academic advisor to determine which option is best for their degree requirements/degree plan.
Additional information can be found on our Civic Literacy website.
Common Prerequisites
State-mandated common prerequisites must be completed prior to graduation, but are not required for admission to the program. See the Common Prerequisite Manual for course substitutions from Florida colleges and universities.
| ACG 2021 | Principles of Financial Accounting | 3 |
| ACG 2071 | Principles of Managerial Accounting | 3 |
| CGS 2570 | Personal Computer Applications | 3 |
| ECO 2013 | Principles of Economics Macro * | 3 |
| ECO 2023 | Principles of Economics Micro | 3 |
| MAC 2233 | Calculus with Business Applications * | 3 |
| STA 2023 | Elements of Statistics * | 3 |
| Total Hours | 21 | |
- *
Indicates common prerequisites which can be used to satisfy General Education requirements.
Lower Division Electives
| Students must complete sufficient 1000/2000 level electives to satisfy at least 60 sh in the lower division. Current UWF students may use elective courses at any level (1000-4000) to meet this elective requirement. | 9 | |
| Total Hours | 9 | |
Major
Comprehensive Economics Specialization
| ECO 3101 | Intermediate Microeconomics + | 3 |
| ECO 3203 | Intermediate Macroeconomics + | 3 |
| Six 3000/4000 Economics (ECO or ECP) level electives + | 18 | |
| Money and Banking | ||
| Introduction to Mathematical Economics | ||
| Business and Economic Forecasting | ||
| International Trade and Commercial Policy | ||
| Economics Internship | ||
| Environmental Economics and Policy | ||
| Natural Resources Economics | ||
| Industrial Economics | ||
| Urban and Regional Economic Development | ||
| Sports Markets | ||
| Total Hours | 24 | |
Major-Related
| Two 3000/4000 level advisor-approved electives + | 6 | |
| Total Hours | 6 | |
- +
Courses included in the major GPA
Global Economics Specialization
This specialization focuses on economic issues in an increasingly globalized market. Students are required to spend at least one semester at one of UWF’s partner universities abroad studying economics. This cultural, as well as educational, experience prepares students for positions in international economics and business. Students must complete a specific sequence of courses in this specialization, designed in conjunction with their advisor, at a partner university abroad. It is recommended, but not required, that during their lower division studies, students complete two additional courses in a foreign language beyond the university’s foreign language admission requirement.
General Education
In addition to the General Education requirements listed on this page, students must satisfy all additional University requirements, including the Gordon Rule, multicultural, and foreign language requirements. With appropriate planning and coordination with an academic advisor, students may satisfy some of the general University requirements through the General Education curriculum. For a complete listing of general degree requirements, refer to the "University Requirements" section of this catalog.
General Education Curriculum:
Economics BSBA majors should take the following courses to satisfy components of the General Education curriculum courses:
| Humanities | ||
| SPC 2608 | Public Speaking | 3 |
| Mathematics | ||
| STA 2023 | Elements of Statistics | 3 |
| MAC 2233 | Calculus with Business Applications | 3 |
| Social Sciences | ||
| ECO 2013 | Principles of Economics Macro | 3 |
Multicultural Requirement
Civic Literacy Requirement
The 2017 Florida Legislature amended Section 1007.25, Florida Statutes, to require students initially entering a State University System (SUS) and/or Florida College System (FCS) institution in 2018-2019 and thereafter to demonstrate competency in civic literacy. The 2021 Legislature further amended Florida Statutes, requiring students to complete both a civic literacy course and an exam. As a result, there are three cohorts of students currently matriculating at Florida public institutions subject to varying requirements. As demonstrated in the table below, the exact civic literacy requirements are based on the academic term in which a student first enrolled in a Florida public institution.
| Students Included in Cohort | Civic Literacy Competency Requirement |
| Cohort 1: Students first entering the SUS or FCS prior to fall 2018 | None |
| Cohort 2: Students first entering the SUS or FCS in fall 2018 – summer A 2021 | Complete a course or exam |
| Cohort 3: Students first entering the SUS or FCS in summer B 2021 (on or after July 1, 2021) and thereafter | Complete both a course and exam |
Additionally, the 2021 Legislature made two additional exceptions: approving the use of accelerated mechanisms for meeting the course competency requirement and exempting high school students who pass the Florida Civic Literacy Exam in high school from the postsecondary exam requirement. These two changes are in effect for Cohort 3.
There are multiple ways to satisfy this requirement. Students should work with their academic advisor to determine which option is best for their degree requirements/degree plan.
Additional information can be found on our Civic Literacy website.
Common Prerequisites
State-mandated common prerequisites must be completed prior to graduation, but are not required for admission to the program. See the Common Prerequisite Manual for course substitutions from Florida colleges and universities.
| ACG 2021 | Principles of Financial Accounting | 3 |
| ACG 2071 | Principles of Managerial Accounting | 3 |
| CGS 2570 | Personal Computer Applications | 3 |
| ECO 2013 | Principles of Economics Macro * | 3 |
| ECO 2023 | Principles of Economics Micro | 3 |
| MAC 2233 | Calculus with Business Applications * | 3 |
| STA 2023 | Elements of Statistics * | 3 |
| Total Hours | 21 | |
- *
Indicates common prerequisites which can be used to satisfy General Education requirements.
Lower Division Electives
| Students must complete sufficient 1000/2000 level electives to satisfy at least 60 sh in the lower division. Current UWF students may use elective courses at any level (1000-4000) to meet this elective requirement. | 9 | |
| Total Hours | 9 | |
Major
Global Economics Specialization
| ECO 3101 | Intermediate Microeconomics + | 3 |
| ECO 3203 | Intermediate Macroeconomics + | 3 |
| ECO 4704 | International Trade and Commercial Policy + | 3 |
| Three advisor-approved Economic courses taken at a UWF partner university abroad + | 9 | |
| 3000/4000 level economics elective + | 6 | |
| Money and Banking | ||
| Introduction to Mathematical Economics | ||
| Business and Economic Forecasting | ||
| Economics Internship | ||
| Environmental Economics and Policy | ||
| Natural Resources Economics | ||
| Industrial Economics | ||
| Urban and Regional Economic Development | ||
| Sports Markets | ||
| Total Hours | 24 | |
Major-Related
| 3000/4000 level Economics (ECO or ECP) electives + | 6 | |
- +
Courses included in the major GPA
Business Economics
The Business Economics Minor, although accessible to any student, is designed for students with a business major other than Economics. The Business Economics Minor requires completion of 18 sh with a grade in each course of “C” or higher. Nine hours of 3000/4000 level economics courses must be taken at UWF.
| ACG 2021 | Principles of Financial Accounting | 3 |
| ECO 2013 | Principles of Economics Macro | 3 |
| Four 3000/4000 level economics (ECO or ECP) electives | 12 | |
| Total Hours | 18 | |