University of Maine at Farmington 2014-2015 Catalog
 
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Catalog Program Academic Policies
Business Economics
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Degree Earned
Bachelor of Arts: Business Economics

This program provides the foundations of both business and economics, while developing the communication skills and technical literacy required in today's business world. On-campus work opportunities, class-based research, internships and extra-curricular activities take students beyond the classroom to become consultants to small businesses, presenters at public hearings, and research assistants for faculty members who are actively engaged in the broader community. Upper level courses in business and economics, and courses in international studies, computer science, recreation management and environmental studies enable students to create programs that prepare them for jobs in the private, public and non-profit sector as well as for graduate study in either business or economics.

Learning Goals:
 
As UMF graduates with a degree in business economics, students will be able to:
  • Understand financial institutions and become financially literate.
  • Understand the functions and operations of domestic and global markets.
  • Understand a business plan with micro and macro implications.
  • Understand and apply real world data to making decisions and/or recommending policy.
  • Critically examine business and economics paradigms.
  • Become autonomous learners, bringing knowledge and skills learned in one area to enhance and integrate complex decision making in related areas.
 
Assessment Criteria:
 
In order to assess our success in achieving the goals of our program listed above, we ask our students to produce evidence of this mastery with papers, group presentations, internships, service learning, research papers and projects, case study analysis, engaged discussion in classes and by examination. In the final analysis, it is our graduates' success in the greater world which we value most highly.

MAJOR REQUIREMENTS
 
BUSINESS CORE (20 credits)
 
BUS 208 Principles of Accounting 4
BUS 210 Principles of Management 4
BUS 220 Principles of Marketing 4
BUS 270 Business Information Systems               4
BUS 340 Managerial Finance 4

ECONOMICS CORE (12 credits)
 
ECO 101S Principles of Macroeconomics 4
ECO 102S Principles of Microeconomics 4
ECO 450 Managerial Economics (the capstone)          4



OTHER REQUIREMENTS (4 credits)

 MAT 120M Statistics                                                                  4

 

Concentrations / electives 20 credits 

 

Total Credits: 56

Students may elect to choose their electives from the following concentrations:

 

Management and Marketing

Students must take any two of the following:

BUS 310  Human Resource Management

BUS 375  Marketing Management

BUS 491  Strategic Management

And three other electives at the 200 level or higher from business or economics, chosen in consultation with their advisors.

 

Innovation and Entrepreneurship

BUS 360  Entrepreneurship

BUS 250  Business Applications of Technology

And three other electives at 200 level or higher from business or economics, chosen in consultation with their advisors.

 

Financial Services

Two of the following:

BUS 206  Financial Planning

BUS 250  Business Applications of Technology

Any 300 level economics course

And three other electives at 200 level or higher from business or economics, chosen in consultation with their advisors.

 

International

Students must take:

ECO 305  International Economics

BUS 335  International Business

And three other electives at 200 level or higher from business or economics, chosen in consultation with their advisors.

 

Economics

Students must take:

ECO 308  Intermediate Micro Economics

and

ECO 309  Intermediate Macro Economics

And three other electives at 200 level or higher from economics, chosen in consultation with their advisors.

 

Students may count BUS 397 (independent studies) or BUS 396 for up to 4 credits towards their business electives.

Students must maintain at least a 2.00 GPA and achieve a C- or higher in any courses that count towards a major.


NOTES:
1. A grade of C- or above must be earned in all Business and Economics courses.
2. The Business Economics faculty must give prior approval for any courses that are not specified in current reciprocity agreements that students propose to transfer in to satisfy major requirements. Students must take 400 level economics and business courses at UMF.



FOREIGN LANGUAGE REQUIREMENT
One year of one foreign language at the college level or two years of one foreign language at the high school level.

GENERAL EDUCATION REQUIREMENTS
For specific information about general education requirements and expectations, see the General Education Requirements in the Academic Programs section of this catalog.

MINIMUM TOTAL OF CREDITS FOR THE DEGREE: 128
 
 

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