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 3130Legal and Ethical Environment of Business3
FIN 3403Managerial Finance3
GEB 3213Writing for Business: Theory and Practice3
GEB 4361International Business3
ISM 3011e-Business Systems Fundamentals3
ISM 3116Introduction to Business Analytics 3
MAN 3025Management Fundamentals3
MAN 3504Operations Management3
MAN 4720Strategic Management3
MAR 3023Marketing Fundamentals3
Total Hours30

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 2608Public Speaking3
Mathematics
STA 2023Elements of Statistics3
MAC 2233Calculus with Business Applications3
Social Science
ECO 2013Principles of Economics Macro3

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 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.

*BOG 8.006s.1007.25(4,a-b) 

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 2021Principles of Financial Accounting3
ACG 2071Principles of Managerial Accounting3
CGS 2570Personal Computer Applications3
ECO 2013Principles of Economics Macro *3
ECO 2023Principles of Economics Micro3
MAC 2233Calculus with Business Applications *3
STA 2023Elements of Statistics *3
Total Hours21

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 Hours9

Major

Comprehensive Economics Specialization

ECO 3101Intermediate Microeconomics +3
ECO 3203Intermediate 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 Hours24

Major-Related

Two 3000/4000 level advisor-approved electives +6
Total Hours6

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. To participate in this required part of the specialization, students must have a minimum 2.50 cumulative GPA. 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 2608Public Speaking3
Mathematics
STA 2023Elements of Statistics3
MAC 2233Calculus with Business Applications3
Social Sciences
ECO 2013Principles of Economics Macro3

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 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.

*BOG 8.006s.1007.25(4,a-b) 

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 2021Principles of Financial Accounting3
ACG 2071Principles of Managerial Accounting3
CGS 2570Personal Computer Applications3
ECO 2013Principles of Economics Macro *3
ECO 2023Principles of Economics Micro3
MAC 2233Calculus with Business Applications *3
STA 2023Elements of Statistics *3
Total Hours21

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 Hours9

Major

Global Economics Specialization

ECO 3101Intermediate Microeconomics +3
ECO 3203Intermediate Macroeconomics +3
ECO 4704International 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 Hours24

Major-Related 

3000/4000 level Economics (ECO or ECP) electives +6

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 2021Principles of Financial Accounting3
ECO 2013Principles of Economics Macro3
Four 3000/4000 level economics (ECO or ECP) electives12
Total Hours18