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.
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.
About the Economics and Finance Department
248 Cassety Hall
1300 Elmwood Ave
Buffalo, NY 14222
Phone: (716) 878-4606
Fax: (716) 878-6907
https://economics.buffalostate.edu/
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 33
Economics Major Requirements (39-45 credit hours)
Required Courses (27 credit hours)
BUS 312 FINANCIAL ACCOUNTING 3
ECO 201 PRINCIPLES OF MACROECONOMICS 3
ECO 202 PRINCIPLES OF MICROECONOMICS 3
ECO 305 STATISTICS FOR ECONOMICS 3
ECO 307 INTERMEDIATE MICROECONOMICS 3
ECO 308 INTERMEDIATE MACROECONOMICS 3
ECO 424 ECONOMETRICS 3
ECO 490 SENIOR SEMINAR 3
MAT 126 APPLIED CALCULUS I 4
or MAT 161 CALCULUS I
Concentrations (12-18 credit hours)
Select one of the following concentrations: *1 12-18
Applied Economics Concentration
Financial Economics Concentration
All College Electives
36-48 credit hours 36-48
Total Credit Hours 120
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.
*1 Students are required to select one of two concentrations. Only 3 credit hours of ECO 488, ECO 495, or ECO 499 may be included.
Applied Economics Concentration
ECO 320 MANAGERIAL ECONOMICS 3
or ECO 325 INDUSTRIAL ORGANIZATION
ECO 405 HISTORY OF ECONOMIC THOUGHT 3
Select at least 6 credit hours from the following: 6
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 (3-12)
ECO 495 SPECIAL PROJECT (1-3)
ECO 499 INDEPENDENT STUDY (3-12)
FIN 400 INTERNATIONAL FINANCE
GEG 305 PRINCIPLES OF ECONOMIC GEOGRAPHY
Total Credit Hours 12
Financial Economics Concentration
BUS 313 MANAGERIAL ACCOUNTING 3
ECO 304 MONEY AND BANKING 3
FIN 314 CORPORATION FINANCE 3
Select at least 9 credit hours from the following: 9
ECO 488 INTERNSHIP (3-12)
ECO 495 SPECIAL PROJECT (1-3)
ECO 499 INDEPENDENT STUDY (3-12)
FIN 345 ESTATE PLANNING
FIN 370 TECHNICAL ANALYSIS OF FINANCIAL MARKETS
FIN 400 INTERNATIONAL FINANCE
FIN 414 INVESTMENT MANAGEMENT
FIN 415 CASES IN CORPORATION FINANCE
FIN 416 ADVANCED CORPORATION FINANCE
FIN 417 DERIVATIVE SECURITIES
FIN 418 BOND MARKETS
FIN 419 MERGERS AND ACQUISITIONS
Total Credit Hours 18