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2006-07 Undergraduate Catalog


Economics (Business)
College: Warrington College of Business Administration
Degree: Bachelor of Science in Business Administration
Hours for the Degree: 120
Minor: No
Combined-Degree Program: No

The curriculum in economics provides students with an understanding of how households, firms and governments make economic decisions and how the implications of those decisions affect the business environment, resource allocation, pricing, distribution of income and macroeconomic variables. The analytical skills that are developed from this curriculum, combined with core business skills, are useful preparation for careers in business, government, public policy or academia. A degree in economics is especially appropriate for students intending to pursue advanced degrees in the social sciences or in professional schools of management, law and public administration.

Economics majors are encouraged to gain practical work experience through internships and community service projects. In addition, the Warrington College of Business Administration offers students a wide variety of professional development and leadership opportunities, including study abroad, the Florida Leadership Academy, involvement in student organizations and research activities. Students should consult with an academic adviser for specific information.

Requirements for the Major

Economics majors must maintain a 2.0 core, major and UF GPA. In addition to the critical-tracking and General Education courses outlined below, economics majors must take:
  • Core courses (BUL 4310, ECP 3703, FIN 3403, MAN 3025, MAN 4504, MAR 3023 and QMB 3250);
  • Major courses (ECO 3203 and 12 hours of 3000-/4000-level ECO, ECP or ECS courses); and
  • Restricted elective courses (11-12 hours of 3000-/4000-level courses outside of business or 1000-4000-level foreign language courses). Students can take one professional development course to fulfill part of the restricted elective requirement (either GEB 3035, Effective Career Management in Business, or GEB 3213, Professional Writing in Business). The following courses will not count for the major: ECO 3101, ECO 3701 and ECO 3731.

Critical-Tracking Requirements

To remain on track for the economics major, students must meet the critical-racking criteria listed below. The critical-tracking GPA is calculated based on all attempts of the critical-tracking courses or their equivalents. Once a student receives a grade of C or higher in a critical-tracking course or its equivalent, no subsequent grade in that course or its equivalent will be used in the calculation of the critical-tracking GPA.

Semester 1:

  • Complete 2 of the following critical-tracking courses: ECO 2013, ECO 2023, MAC 2233, ACG 2021C, STA 2023, ACG 2071 and CGS 2531
  • 2.5 GPA on all attempts of critical-tracking courses, excluding ECP 3703
  • Earn a 2.0 UF GPA (must be maintained throughout all 8 semesters)

Semester 2:

  • Complete 2 additional critical-tracking courses for a total of 4 critical-tracking courses
  • 2.75 GPA on all attempts of critical-tracking courses, excluding ECP 3703

Semester 3:

  • Complete 2 additional critical-tracking courses (including ACG 2021C) for a total of 6 critical-tracking courses
  • 3.0 GPA on all attempts of critical-tracking courses, excluding ECP 3703

Semester 4:

  • Complete 7 of the 8 critical-tracking courses, excluding ECP 3703
  • 3.0 GPA on all attempts of critical-tracking courses, excluding ECP 3703
  • Meet all CLAST requirements or pass the CLAST exam

Semester 5:

  • Complete ECP 3703 with a grade of C or better
  • Meet all term 1-4 critical-tracking requirements

To remain on track, students must complete the appropriate critical-tracking courses, which appear in bold.

Suggested semester-by-semester plan

Semester 1Credits
CGS 2531 Problem Solving Using Computer Software (GE-M)3
ECO 2013 Principles of Macroeconomics (GE-S)3
Humanities/International Diversity (GE-H, I)3
Elective (MAC 1140 Precalculus Algebra [GE-M] recommended)4
Total 15
Semester 2Credits
ECO 2023 Principles of Microeconomics (GE-S)3
MAC 2233 Survey of Calculus 1 (GE-M)3
Biological Science (GE-B)3
Composition (GE-C, WR)3
Total 15
Semester 3Credits
ACG 2021C Introduction to Financial Accounting4
STA 2023 Introduction to Statistics 1 (GE-M)3
Humanities/International Diversity (GE-H, I)3
Physical Science (GE-P)3
Total 15
Semester 4Credits
ACG 2071 Introduction to Managerial Accounting3
Humanities (GE-H)3
Biological or Physical Science (GE-B or P)3
Total 15
Semester 5Credits
ECP 3703 Managerial Economics4
MAN 3025 Principles of Management (GE-S)4
Total 15
Semester 6Credits
3000-/4000-level economics course4
FIN 3403 Business Finance4
ECO 3203 Intermediate Macroeconomics4
Restricted elective3
Total 15
Semester 7Credits
3000-/4000-level economics course 4
MAR 3023 Principles of Marketing (GE-S)4
QMB 3250 Statistics for Business Decisions4
Restricted elective3
Total 15
Semester 8Credits
3000-/4000-level economics course4
BUL 4310 The Legal Environment of Business4
MAN 4504 Operations and Supply Chain Management4
Restricted elective3
Total 15