Economic Consulting B.S.B.A.
The BSBA in Economic Consulting will provide students with training in the application of microeconomics, macroeconomics and econometrics to problems of business decision making. To be successful, business economists have to know how to apply the tools of microeconomic analysis (e.g., critical thinking, modelling, econometric analysis, etc.) to real-world, business problems.
The major will require students to take 5 economics courses beyond what is required in the BSBA core. These 5 courses will concentrate on the application of microeconomic theory and models to business problems. This will include a mix of required courses (4) that build specific skills and electives (1) that allow the student to explore different areas of economics (e.g., health economics, labor economics, etc.) where consultants typically operate/specialize. The major will include a required seminar in which students are assigned a real consulting case to be completed within the semester.
Major Requirements:
A Bachelor of Science in Business Administration degree with a major in Economic Consulting requires the completion of the Elon Core Curriculum as well as the Major Requirements listed below.
Core Requirements
Select one course from the following
: 4 sh
Additional Core Requirements:
| ACC 201 | PRINCIPLES OF ACCOUNTING | 4 sh |
| BUS 201 | GATEWAY TO BUSINESS | 4 sh |
| BUS 211 | MANAGEMENT INFORMATION SYSTEMS | 4 sh |
| BUS 221 | LEGAL AND ETHICAL ENVIRONMENT OF BUSINESS | 4 sh |
| BUS 381 | INTERNSHIP IN BUSINESS | 1-4 sh |
| BUS 465 | STRATEGIC MANAGEMENT | 4 sh |
| ECO 111 | PRINCIPLES OF ECONOMICS | 4 sh |
| ECO 203 | STATISTICS FOR DECISION MAKING | 4 sh |
| FIN 343 | PRINCIPLES OF FINANCE | 4 sh |
| MGT 323 | PRINCIPLES OF MANAGEMENT AND ORGANIZATIONAL BEHAVIOR | 4 sh |
| MKT 311 | PRINCIPLES OF MARKETING | 4 sh |
Economic Consulting Major Course Requirements
| ECO 311 | INTERMEDIATE MICROECONOMIC THEORY | 4 sh |
| ECO 347 | INTRODUCTION TO ECONOMETRICS | 4 sh |
| ECO 421 | INDUSTRIAL ORGANIZATION AND REGULATION | 4 sh |
| ECO 460 | ECONOMIC CONSULTING | 4 sh |
Select one course from the following
: 4 sh
| BUS 326 | OPERATIONS AND SUPPLY CHAIN MANAGEMENT | 4 sh |
| MGT 310 | BIG DATA ANALYSIS | 4 sh |
Select one course from the following
: 4 sh
| ECO 302 | MONEY AND BANKING | 4 sh |
| ECO 310 | INTERMEDIATE MACROECONOMIC THEORY | 4 sh |
Select one course from the following
: 4 sh
Total Credit Hours: 73-76
Students cannot complete double (or triple) majors in Economics (AB), International Economics (AB) and Economic Consulting (BSBA). In addition, students majoring in Economic Consulting (BSBA) cannot obtain a minor in Economics (AB).
Elon Core Curriculum:
First Year Foundations
| COR 110 | THE GLOBAL EXPERIENCE | 4 sh |
| ENG 110 | WRITING: ARGUMENT AND INQUIRY | 4 sh |
Select one of the following:
| STS 110 | INTRODUCTION TO STATISTICAL REASONING | 4 sh |
| MTH 151 | CALCULUS I | 4 sh |
| STS 212 | STATISTICS IN APPLICATION | 4 sh |
Experiential Learning Requirement (2 Units required)
Included in experiential learning are study abroad, research, service-learning, leadership, internships, (including co-ops, teaching, and practicum), or other courses or experiences with ELR designation.
World Language Requirement
Students must meet one of the following: (a)complete a language course numbered 122 or higher at Elon, or receive transfer or study abroad credit for the same; (b) place into a language course numbered 200 or above upon arriving at Elon, using a department of world languages approved placement instrument; (c) score a 4 or 5 on an AP language exam or similar exam. Each student must take the language placement test by October 1 of his or her first full year at Elon. Students are allowed two tries; the higher score is counted. That score stands and may not be repeated by later testing. Consideration for Phi Beta Kappa membership requires the completion of a 222-level world language course or placement beyond that level.
Studies in the Arts and Sciences
Students must fulfill the requirements in each of the following categories.
Transfer students with at least 18 s.h. of transfer credit must complete 32 hours total in Studies in the Arts & Sciences, but may have as few as 7 hours in one or more of the four Studies in the Arts & Sciences areas.
Expression (8 s.h.) __________________ __________________
Eight hours chosen from at least two of the following: literature (in English or world languages), philosophy, & fine arts (art, dance, music, music theatre, & theatre). At least one course must be literature.
Civilization (8 s.h.)_______________ __________________
Eight hours chosen from at least two of the following: history, world languages, art history and religious studies.
Society (8 s.h.) ___ECO 111______ __________________
Eight hours chosen from at least two of the following: economics, geography, human service studies, political science, psychology, & sociology/anthropology, and public health studies 201 or 202.
Science/Analysis (Lab:___) (8 s.h.) __________________ __________________
Eight hours chosen from one or more of the following: mathematics/statistics, science, and computer science. At least one course must be a physical or biological laboratory science.
Advanced Studies (8 s.h.) __________________ __________________
Eight hours of 300-400 level coursework outside the major field and chosen from areas under Studies in the Arts and Sciences.
COR Interdisciplinary Capstone Seminar (4 s.h.) __________________
300-400 level COR course; requires junior/senior status.
Society (8 s.h.) __ECO 111__ __________
Eight hours chosen from at least two of the following: economics, geography, human service studies, political science, psychology, & sociology/anthropology, and public health studies 201 or 202.
The learning outcomes for this major involve increased command of the skills, knowledge, and abilities required to compete effectively in a global competitive world. The specific outcomes are as follows: 1. The student will be able to successfully implement economic theory to real business problems. 2. The student will be able to collect and analyze quantitative and qualitative data, in order to make optimal decisions for a prospective client. 3. The student will be able to present efficiently his/her results in front of the general audience and business professionals. 4. The student will be proficient in Excel and at least one of the following: STATA, SAS or R. 5. The student will demonstrate the ability to write a scholarly work that would be accessible to both business and academic audiences.