About the Program
Business, Economics, and Public Administration
Chase Hall 322
(716) 878-4239
economics.buffalostate.edu/
The B.S. degree program in economics provides a solid foundation in the basic skills and analytical techniques that are necessary to understand changes in the broad economic environment and be able to formulate decisions as consumers, resource owners, and managerial personnel in business, government, and nonprofit organizations. Students choose a concentration in either applied economics or financial economics and complete additional required courses and specialized electives. Both concentrations prepare students for entry-level management positions in business, government, and nonprofit organizations, and provide excellent preparation for graduate work in business administration, economics, and law. Financial economics is the rigorous study of financial markets (bonds, derivatives, swaps, and equities) and their related institutions.
Transfer Students
Most courses taken at an accredited institution and relevant to the B.S. degree program will be accepted, but the majority of courses applied to the major must be courses completed at Buffalo State. In most cases, grades for transfer courses will be used in computing the required GPA for admission into the program.
Admission Requirements
Transfer or uncommitted students must have a minimum GPA of 2.0 in previous college credits.
Learning Outcomes
Students will:
1. understand basic economics and finance concepts.
2. be able to create technical reports using economics and/or financial concepts.
3. be able to use economic and/or financial models to analyze economics and/or finance problems.
4. be able to use Excel, SAS, or other software to analyze data.
5. be able to use Excel, SAS, or other software to analyze economic and/or financial models.
6. learn how to create and give presentations using programs such as PowerPoint.
Program Requirements
General Education 23 Requirements (33 credit hours)
Completion requirement
Economics Major Requirements (27 credit hours)
Completion requirement
Required Courses (27 credit hours)
Complete ALL of the following Courses:
BUS312 FINANCIAL ACCOUNTING | 3 - Credit Hours
ECO201 PRINCIPLES OF MACROECONOMICS | 3 - Credit Hours
ECO202 PRINCIPLES OF MICROECONOMICS | 3 - Credit Hours
ECO305 STATISTICS FOR ECONOMICS | 3 - Credit Hours
ECO307 INTERMEDIATE MICROECONOMICS | 3 - Credit Hours
ECO308 INTERMEDIATE MACROECONOMICS | 3 - Credit Hours
ECO424 ECONOMETRICS | 3 - Credit Hours
ECO490 SENIOR SEMINAR | 3 - Credit Hours
MAT126 APPLIED CALCULUS I | 4 - Credit Hours
OR MAT161 CALCULUS I | 4 - Credit Hours
Select One Economics Major Concentration (12-18 credit hours)
Completion requirement
It is strongly recommended that students who plan to pursue a Ph.D. in economics also complete, as a minimum, MAT 161, MAT 162, and MAT 202.
Students are required to select one of two concentrations: Applied Economics Concentration OR Financial Economics Concentration.
Only 3 credit hours of ECO 488, ECO 495, or ECO 499 may be included.
Applied Economics Concentration (12 credit hours)
Completion requirement
Applied Economics Concentration Required Courses
Complete ALL of the following Courses:
ECO320 MANAGERIAL ECONOMICS | 3 - Credit Hours
OR ECO325 INDUSTRIAL ORGANIZATION | 3 - Credit Hours
ECO405 HISTORY OF ECONOMIC THOUGHT | 3 - Credit Hours
Applied Economics Concentration Selected Courses
Earn at least 6 credits from the following:
ECO300 LABOR ECONOMICS | 3 - Credit Hours
ECO301 ECONOMICS OF LABOR RELATIONS | 3 - Credit Hours
ECO302 WOMEN IN THE ECONOMY | 3 - Credit Hours
ECO304 MONEY AND BANKING | 3 - Credit Hours
ECO312 URBAN ECONOMICS | 3 - Credit Hours
ECO323 NEW YORK STATE GOVERNMENT AND BUDGET | 3 - Credit Hours
ECO350 PUBLIC FINANCE | 3 - Credit Hours
ECO355 THE ECONOMICS OF ENERGY AND THE ENVIRONMENT | 3 - Credit Hours
ECO360 INTRODUCTION TO THE ECONOMIC ANALYSIS OF LAW | 3 - Credit Hours
ECO401 INTERNATIONAL ECONOMICS | 3 - Credit Hours
ECO403 COMPARATIVE ECONOMIC SYSTEMS | 3 - Credit Hours
ECO404 ECONOMIC DEVELOPMENT | 3 - Credit Hours
ECO411 REGIONAL ECONOMIC ANALYSIS | 3 - Credit Hours
ECO488 INTERNSHIP | 3 - 12 Credit Hours
ECO495 SPECIAL PROJECT | 1 - 3 Credit Hours
ECO499 INDEPENDENT STUDY | 3 - 12 Credit Hours
FIN400 INTERNATIONAL FINANCE | 3 - Credit Hours
GEG305 PRINCIPLES OF ECONOMIC GEOGRAPHY | 3 - Credit Hours
Financial Economics Concentration (18 credit hours)
Completion requirement
Financial Economics Concentration Required Courses
Complete ALL of the following Courses:
BUS313 MANAGERIAL ACCOUNTING | 3 - Credit Hours
ECO304 MONEY AND BANKING | 3 - Credit Hours
FIN314 CORPORATION FINANCE | 3 - Credit Hours
Financial Economics Concentration Selected Courses
Earn at least 9 credits from the following:
ECO488 INTERNSHIP | 3 - 12 Credit Hours
ECO495 SPECIAL PROJECT | 1 - 3 Credit Hours
ECO499 INDEPENDENT STUDY | 3 - 12 Credit Hours
FIN345 ESTATE PLANNING | 3 - Credit Hours
FIN370 TECHNICAL ANALYSIS OF FINANCIAL MARKETS | 3 - Credit Hours
FIN400 INTERNATIONAL FINANCE | 3 - Credit Hours
FIN414 INVESTMENT MANAGEMENT | 3 - Credit Hours
FIN415 CASES IN CORPORATION FINANCE | 3 - Credit Hours
FIN416 ADVANCED CORPORATION FINANCE | 3 - Credit Hours
FIN417 DERIVATIVE SECURITIES | 3 - Credit Hours
FIN418 BOND MARKETS | 3 - Credit Hours
FIN419 MERGERS AND ACQUISITIONS | 3 - Credit Hours
All College Electives (36-48 credit hours)
Completion requirement
120 Total Credit Hours