Majors and Minors

Requirements for Economics and Management Major (8 units)

  • A minimum of eight units in economics and management, including 101, 102, 211, 230, 232 and at least one course at the 300-level. Unless approved by the department in advance, 230 and 232 must be taken at Albion College. The eight units used to fulfill major requirements must be taken for a numerical grade. It is recommended that all courses taken in the department by majors be taken for a numerical grade, except those offered only on a credit/no credit basis. Normally, students will enroll in 101 in either the first or second semester and 102 in the semester after 101. Economics and Management 211 is not open to first semester freshmen but is normally taken in either the second or third semester. Economics and Management 230 and 232 should be taken in the second year along with the statistics cognate requirement. It is recommended that students planning a major in economics enroll in Mathematics 125 or calculus during their first year. Seniors may be required to participate in a senior assessment exercise.
  • The following cognate areas must be completed for a major:
    1. Mathematics 125 or its equivalent as demonstrated by proficiency or calculus.
    2. One statistics course from Mathematics 210, 309, or Economics and Management 235.
  • In addition, it is recommended that individuals interested in graduate study in business or management take Mathematics 141 and 143. Individuals contemplating graduate study in economics should complete the mathematics/economics major.
  • Because of the increased globalization of the U. S. economy, all majors are encouraged to participate in approved off-campus study programs. For a list of approved programs, consult with the Off-Campus Programs Office.

Requirements for Economics and Management Major with Emphasis (12 units)

  • A minimum of 10 units in economics and management, including 101, 102, 211, 230, 232. Unless approved by the department in advance, 230 and 232 must be taken at Albion College.
  • The 10 units used to fulfill major with emphasis requirements must be taken for a numerical grade.
  • The following cognate areas must be completed for a major with emphasis: Mathematics 125 or its equivalent as demonstrated by proficiency or calculus; one statistics course from Mathematics 210, 309 or Economics and Management 235.
  • A focused selection of courses chosen from among the emphases listed below.
    Emphasis in accounting
    212, 311, 312, plus two units selected from the following: 341, 342, 348, 383, 384, 385.
    Emphasis in economics
    Five units selected from the following: 273, 322, 323, 326, 331, 354, 364, 365, 366, 368, 375, 379, 380.
    Emphasis in finance
    348, 368, plus three units selected from the following, including at least one of 311 or 312; 311, 312, 331, 344, 365.
    Emphasis in general business
    212, 259, 336, 348, plus one unit selected from the following: 350, 355, 357, 359, 376, 382.
    Emphasis in human resources
    259, 354, 355, Psychology 101, plus one unit selected from the following: 305, 353, 376, Psychology 246.
  • A student may declare only one economics and management major with emphasis, even if the student completes the requirements for more than one emphasis.

Requirements for Economics and Management Major–Gerstacker Concentration
(10 units in E&M, 5 in other departments)

  • E&M 101H, 102H; English 101; Math 141
  • E&M 211, 212, 230H, 232H, 235H, 259H; English 203; COMM 242
    (Students in the classes of 2009 and earlier may have taken COMM 241, COMM 289, or E&M 376 with Gerstacker director permission.)
  • E&M 357; Phil 303
  • E&M 392 – Internship (two required)

Three options:

  1. Two full-time internships in the U.S.
  2. One full-time U.S. internship and one full-time semester of study at a foreign university.
  3. One full-time U.S. internship and one off-campus semester that combines course work and an internship.

Italicized classes are taken during the Gerstacker Summer Session, between the sophomore and junior years.

Additional courses are needed to fulfill Albion College core requirements. Refer to the Albion College catalog for your year of entry for more information, or talk with your academic advisor.

Information on Minors

  • The minor in economics, the minor in management, and the minor in management--Gerstacker track are not open to economics and management majors.
  • Students may not choose more than one minor in the Economics and Management Department.
  • All courses for the minor must be taken for a numerical grade, except those offered only on a credit/no credit basis.

Requirements for Minor in Economics

  • Five units in economics and management, including:  101 and either 230 or 232, plus three from 102, 230, 232, 235, 273, 322, 323, 326, 331, 344, 354, 363, 364, 365, 366, 368, 375, 379, 380 and (with approval of the department chair) 389.

Requirements for Minor in Management

  • Five units in economics and management, including: 101, 211 and either 259 or 359, plus two additional units from 212, 259, 305, 311, 312, 336, 341, 342, 344, 348, 350, 353, 355, 357, 359, 368, 376, 382, and (with approval of the department chair) 389.

Requirements for Minor in Management–Gerstacker Track

  • Admission to the Carl A. Gerstacker Institute for Business and Management.
  • Six units in economics and management, including: 101H, 102H, 211, and 259H plus two from 212, 305, 311, 312, 336, 341, 342, 344, 348, 350, 353, 355, 357, 359, 368, 376, 382, and (with approval of the department chair) 389.
  • One internship.

Economics and Management Courses in Interdepartmental Majors

Three interdepartmental majors require courses in economics. The mathematics/economics major, which requires six courses in economics, prepares students for actuarial science, operations research or graduate study in economics. The public policy major, which requires three courses in economics, focuses on government decision-making. The social studies major with elementary or secondary education certification, which requires two courses in economics, is aimed at students who seek to become K-12 teachers.