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. E&M 211 is not open to first semester freshmen but is normally taken in either the second or third semester. E&M 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 E&M 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 (10 units)

A minimum of 10 units in economics and management (9 for the emphasis in international business and international economics), including 101, 102, 211, 230, 232. Unless approved by the department in advance, 230 and 232 must be taken at Albion College.
The 9-10 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 E&M 235. The major with emphasis in international business and international economics requires, in addition to the preceding, completion of an off-campus study program in a foreign country or an internship in a foreign country, plus one course from the following: a modern foreign language at the 201 level or higher; A&S 238, 248, 375; Communication Studies 313; History 103, 111, 142, 217, 218, 263, 264, 308, 309, 313, 382, 385, 390; International Studies 130, 264, 300; Modern Languages and Cultures 105; Political Science 202, 305, 336, 338, 352; Religious Studies 102, 104, 204, 211, 212.
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.
Emphasis in international business and international economics
Two units selected from 362, 363, 364, 365, 366, plus one unit selected from the following: 212, 259, 331, 336, 348, 359, 368, 376.
A student may declare only one economics and management major with emphasis, even if the student completes the requirements for more than one emphasis.

Information on Minors

The minor in economics and the minor in management 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.

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.