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Economics, B.S.

About the Program

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.

About the Economics and Finance Department

B207 Classroom Building
1300 Elmwood Ave
Buffalo, NY 14222
Phone: (716) 878-4606
Fax: (716) 878-6907

Admission Requirements

Transfer or uncommitted students must have a minimum GPA of 2.0 in previous college credits.

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.

Program Requirements

Intellectual Foundations Requirements 33–39 cr

Total Required Credit Hours in Economics 39–45 cr

A. Required Courses (27 cr)
BUS 312 Financial Accounting
ECO 201 Principles of Macroeconomics
ECO 202 Principles of Microeconomics
ECO 305 Statistics for Economics
ECO 307 Intermediate Microeconomics
ECO 308 Intermediate Macroeconomics
ECO 424 Econometrics
ECO 490 Senior Seminar
MAT 126 Calculus
MAT 161 Calculus I

B. Concentrations
Students are required to select one of two concentrations. Only 3 credit hours of ECO 488, ECO 495, or ECO 499 may be included.

AEC—Applied Economics Concentration (12 cr)
Required Courses (6 cr)
ECO 320 Managerial Economics
ECO 325 Industrial Organization
ECO 405 History of Economic Thought

At least 6 credit hours must be selected from the following:
ECO 300 Labor Economics
ECO 301 Economics of Labor Relations
ECO 302 Women in the Economy
ECO 304 Money and Banking
ECO 312 Urban Economics
ECO 350 Public Finance
ECO 355 The Economics of Energy and the Environment
ECO 360 Introduction to the Economic Analysis of Law
ECO 401 International Economics
ECO 403 Comparative Economic Systems
ECO 404 Economic Development
ECO 411 Regional Economic Analysis
ECO 488 Internship
ECO 495 Project
ECO 499 Independent Study
FIN 400 International Finance

FNE—Financial Economics Concentration (18 cr)
Required Courses (9 cr)
BUS 313 Managerial Accounting
ECO 304 Money and Banking
FIN 314 Corporation Finance

At least 9 credit hours must be selected from the following:
ECO 488 Internship
ECO 495 Project
ECO 499 Independent Study
FIN 345 Estate Planning
FIN 370 Technical Analysis of Financial Markets
FIN 400 International Finance
FIN 414 Investment Management
FIN 415 Cases in Corporate Finance
FIN 416 Advanced Corporation Finance
FIN 417 Derivative Securities
FIN 418 Bond Markets
FIN 419 Mergers and Acquisitions

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.

All College Electives 36–48 cr

Total Required Credit Hours 120 cr

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