Managerial Economics Concentration

Catalog Year: 2022-2023

Banner Code: LA-BS-ECON-MECN

Economics is about more than money and profits. It is a way of looking at the world through the lens of incentives, choices, and markets to help uncover new solutions to the persistent problems in our society. This economic perspective sheds light on important issues in the areas of production, education, crime, the environment, international trade, immigration, health care, economic growth, poverty, and more. The Bachelor of Science in Economics provides a stronger emphasis on quantitative analysis. Students prepare for a career as an analyst in government, consulting, trade associations, or other private sector positions, and for graduate school in economics or more quantitative business administration programs.

The University Catalog is the authoritative source for information on program requirements and courses. The Schedule of Classes is the authoritative source for information on classes scheduled for this semester. See the Schedule for the most up-to-date information and see Patriot web to register for classes. Requirements may be different for earlier catalog years. See the University Catalog archives.

Honors in the Major

Students pursuing departmental honors must complete 6 hours of ECON 495 RS: Honors Thesis in Economics (Mason Core) culminating with an original work of research and an oral presentation. Requirements for departmental honors are in addition to the coursework required for the major. Students must complete ECON 495 RS: Honors Thesis in Economics (Mason Core) with a grade of B or higher to receive departmental honors.

Economics majors who have completed 90 credits with an overall GPA of 3.50 and a GPA of 3.50 within the major are eligible to apply. Not all applicants who meet the minimum requirements are guaranteed acceptance.

Applications will be available starting May 1st of each year. Applications are due by August 1st.

To be accepted into the program and enroll in ECON 495 RS: Honors Thesis in Economics (Mason Core) students must submit a research proposal. Research proposals can be developed independently or by completing ECON 494 Introduction to Independent Research in Economics with a grade of B or higher. Completion of ECON 494 Introduction to Independent Research in Economics is not required for departmental honors.

Degree Requirements

Total credits: minimum 120

Students should be aware of the specific policies associated with this program, located on the Admissions & Policies tab.

Some economics courses may fulfill the Mason Core requirement in global understanding. Check with the departmental advising office for more information.

Managerial Economics Concentration

Students interested in a degree in economics with a concentration will complete the coursework below.

Concentration in Managerial Economics (MECN)

Students who wish to focus their BS in economics for application in the business world may choose to pursue a concentration in managerial economics. They complete 62 credits, 10 of which may be used also to fulfill Mason Core requirements.

Required Courses
ECON 103 Contemporary Microeconomic Principles (Mason Core) 3
ECON 104 Contemporary Macroeconomic Principles (Mason Core) 3
ECON 306 Intermediate Microeconomics 3
ECON 308 Managerial Economics and Strategy 3
ECON 309 Economic Problems and Public Policies 3
ECON 310 Money and Banking 3
ECON 311 Intermediate Macroeconomics 3
ECON 345 Introduction to Econometrics 3
Total Credits 24
Select one from the following: 1 6
STAT 250& STAT 350
Introductory Statistics I (Mason Core)
and Introductory Statistics II
STAT 344& STAT 354
Probability and Statistics for Engineers and Scientists I
and Probability and Statistics for Engineers and Scientists II
Total Credits 6
Required Courses in Math, Accounting, and Information Technology
ACCT 203 Survey of Accounting 3
MATH 113 Analytic Geometry and Calculus I (Mason Core) 4
MATH 114 Analytic Geometry and Calculus II 1 4
Total Credits 11
Two Required Courses in Business Writing
BUS 103 Develop Professional Skills I: Foundational Elements 3
BUS 303 Develop Professional Skills II: Advanced Elements 3
Total Credits 6
Electives in Economics1
Select 9 credits from the following: 9
Economics of Labor  
Economics of Industrial Organization  
International Economics  
Game Theory and Economics of Institutions  
Law and Economics  
International Money and Finance  
Financial Economics  
Airline Economics  
Special Topics in Economics  
Total Credits 9
Additional Electives in Economics
Select 6 credits of electives in economics from courses at the 300 and 400 level or higher. 2 6
Total Credits 6
Elective not in Economics
Select one elective from the following: 3
Legal Environment of Business  
Financial Management  
Principles of Management  
Principles of Marketing  
Introduction to Business Information Systems (Mason Core)  
Operations Management  
Total Credits 3

Writing-Intensive Requirement

The university requires all students to complete at least one course designated as "writing intensive" in their majors at the 300 level or above. Students majoring in economics fulfill this requirement by successfully completing:

Select one from the following: 3
The Political Economy of Nonprofit Institutions  
Topics in Economic History  
Effective Writing in Economics  
Economics of Energy  
Economics of Regulation  
Smithian Political Economy I  
Total Credits 3

Upper Level Requirements

Students seeking a bachelor’s degree must apply at least 45 credits of upper-level courses (numbered 300 or above) toward graduation requirements.

Additional Electives

Any remaining credits may be completed with elective courses to bring the degree total to 120.

Mason Core

Some Mason Core requirements may already be fulfilled by the major requirements listed above. Students are strongly encouraged to consult their advisors to ensure they fulfill all remaining Mason Core requirements.

Foundation Requirements  
Written Communication (ENGH 101) 3
Oral Communication 3
Quantitative Reasoning 3
Information Technology and Computing 3
Exploration Requirements  
Arts 3
Global Understanding 3
Literature 3
Natural Science 7
Social and Behavioral Sciences 3
Western Civilization/World History 3
Integration Requirements  
Written Communications (ENGH 302) 3
Writing-Intensive 1 3
Synthesis/Capstone 2 3
Total Credits 40

Writing-Intensive Requirement

The university requires all students to complete at least one course designated as “writing intensive” in their majors at the 300 level or above. Students majoring in economics fulfill this requirement by successfully completing ECON 345, 355, 365, 435, or 470.