Requirements Prior to Summer 2022
Find the current requirements here:
The Department of Economics and Business offers Majors and Minors in Economics, Business, and Finance. Students cannot double major within the Department of Economics & Business. Students also cannot have both a major and minor that are both from the Department of Economics & Business.
The Major in Business was redesigned in 2016. The new requirements will apply to all students who matriculate in Fall Semester 2016 and thereafter (see left navigation bar for Business Major requirements before Fall 2016).
Effective for those entering the College in Fall 2016, students shall not be allowed to count more than 15 credits from the economics, business, and finance majors toward graduation. Students may appeal to the Chair of the Department for exceptions to this policy.
Courses taken Pass-Fail may not count towards a major in Economics, Business or Finance, with the exception of MATH 110. MATH 110 must carry an assigned grade of at least C-, even if it is listed as Pass on the transcript. There are no limits for minors.
Major and Minor in Economics
Requirements for the Major in Economics:
At least 10.5 credits
- MATH 110: Calculus I
- ECON 110: Principles of Economics
- ECON 129 Microsoft Excel Workshop for Economics, Business & Finance
- ECON 130: Applied Statistics – Students who have taken this statistics course will not receive credit for MATH 150. Students who have already completed an equivalent college-level statistics course may have this requirement waived if approved by the department chair.
- ECON 210: Microeconomic Theory
- ECON 220: Macroeconomic Theory
- ECON 330: Econometrics
- 3 additional economics or finance courses (ECON or FIN prefix) – at least 2 must be at or above the 300-level. Internships do not count as economics elective courses, but BUSN 322 Emerging Markets Analysis can be counted as an Economics elective.
- Completion of the Senior Studies Requirement in 1 of the following ways:
- 1 economics or finance course (ECON or FIN prefix) at the 400-level excluding internships
- Senior Thesis – talk to the Chair of the Department or see the Senior Thesis tab under Student Research on the webpage for requirements.
Students must earn a grade of C- or better in ECON 110, 130, 210, 220 and MATH 110.
Requirements for the Minor in Economics:
At least 6 credits
- ECON 110: Principles of Economics
- MATH 110: Calculus I or MATH 160: Mathematical Methods with Applications
- ECON 210: Microeconomic Theory or ECON 220: Macroeconomic Theory
- 3 additional economics or finance courses (ECON or FIN prefix) at the 200-level or higher – excluding internships, but including ECON 130: Applied Statistics
Major and Minor in Business
Requirements for the Major in Business:
At least 12.5 credits
Required Core Courses
- MATH 110: Calculus I or MATH 160: Mathematical Methods with Applications
- ECON 110: Principles of Economics
- ECON 129 Microsoft Excel Workshop for Economics, Business & Finance
- BUSN 130: Applied Statistics – Students who have taken this statistics course will not receive credit for MATH 150. Students who have already completed an equivalent college-level statistics course may have this requirement waived if approved by the department chair.
- BUSN 225: Principles of Marketing
- BUSN 230: Financial Accounting
- FIN 210: Financial Management
- PHIL 203: Business and Professional Ethics or PHIL 325: Major Ethical Theories
- 1 course from the following:
- BUSN 210: Managerial Economics
- ECON 210: Microeconomic Theory
- ECON 220: Macroeconomic Theory
Students must earn a grade of C- or better in each of the 100-level and 200-level required courses. (Note that particular upper level courses may require a specific Economics course as a prerequisite.)
Elective Courses
- 3 additional business courses (BUSN prefix) – at least 2 must be at or above the 300-level. One of these can be from Economics (ECON prefix) or Finance (FIN prefix). Internships do not count as Business elective courses.
Senior Studies Requirement
- Completion of the Senior Studies Requirement in 1 of the following ways:
- 1 business course (BUSN prefix) at the 400-Level
- Senior thesis – talk to the Chair of the Department or see the Senior Thesis tab under Student Research on the webpage for requirements.
Concentration
Students may choose to develop a concentration in one area, by choosing 3 electives from within that area. Students may complete their senior studies requirement with any 400-level business course or thesis topic, regardless of concentration.
Accounting Concentration (choose 3 300-level electives)
- Business 330: Intermediate Accounting
- Business 331: Managerial Accounting
- Business 332: Audit
- Business 333: Cost Accounting
- Business 335: Intermediate Accounting II
Marketing Concentration (choose 3 300-level electives)
- Business 310: International Marketing Research
- Business 320: Principles of Sales and Negotiation
- Business 325: Digital Marketing & Analytics
- Business 355: Consumer Behavior
- Business 356: Marketing Research: Insights to Lead
Requirements for the Minor in Business:
At least 7.5 credits
- ECON 110: Principles of Economics
- MATH 110: Calculus I or MATH 160 Mathematical Methods with Applications
- ECON 129 Microsoft Excel Workshop for Economics, Business & Finance
- BUSN 130: Applied Statistics
- BUSN 230: Financial Accounting
- FIN 210: Financial Management
- 2 additional business courses (BUSN prefix) – excluding internships
Major and Minor in Finance
Requirements for the Major in Finance:
At least 12.5 credits
- MATH 110: Calculus I
- ECON 110: Principles of Economics
- ECON 129 Microsoft Excel Workshop for Economics, Business & Finance
- FIN 130: Applied Statistics – Students who have taken this statistics course will not receive credit for MATH 150. Students who have already completed an equivalent college-level statistics course may have this requirement waived if approved by the department chair.
- BUSN 230: Financial Accounting
- ECON 210: Microeconomic Theory
- ECON 220: Macroeconomic Theory
- FIN 210: Financial Management
- FIN 310: Corporate Finance
- FIN 320: Investments
- 2 additional courses chosen from the following:
- 300-level or higher finance courses (FIN prefix), excluding internships
- BUSN 330: Intermediate Accounting
- BUSN 331: Managerial Accounting
- ECON 313: Money and Banking
- ECON 330: Econometrics
- Completion of the Senior Studies Requirement in 1 of the following ways:
- 1 finance course (FIN prefix) at the 400-level, excluding internships
- Senior Thesis – talk to the Chair of the Department or see the Senior Thesis tab under Student Research on the webpage for requirements.
Students must earn a grade of C- or better in ECON 110, 210 and 220; MATH 110; BUSN 230; FIN 130 and 210.
Requirements for the Minor in Finance:
At least 8.5 credits
- MATH 110: Calculus I or MATH 160 Mathematical Methods with Applications
- ECON 110: Principles of Economics
- ECON 129 Microsoft Excel Workshop for Economics, Business & Finance
- FIN 130: Applied Statistics
- BUSN 230: Financial Accounting
- FIN 210: Financial Management
- FIN 310: Corporate Finance
- FIN 320: Investments
- 1 additional class from the following:
-
- 200-level or higher finance course (FIN prefix), excluding internships
- BUSN 330: Intermediate Accounting
- BUSN 331: Managerial Accounting
- ECON 313: Money and Banking
- ECON 330: Econometrics
Transfer Credit Guide
Click here for a guide listing the Economics, Business and Finance requirements that can be satisfied by courses at local community colleges nearest Lake Forest.