Majors and Minors

Requirements for Economics and Management Major (8 units)

  • A minimum of eight units in economics and management, including 101, 102, 211, 230, 232 and three additional units in economics and management (one must be at the 300-level). Unless approved by the department in advance, 230 and 232 must be taken at Albion College. The eight units used to fulfill major requirements must be taken for a numerical grade. It is recommended that all courses taken in the department by majors be taken for a numerical grade, except those offered only on a credit/no credit basis. Normally, students will enroll in 101 in either the first or second semester and 102 in the semester after 101. E&M 211 is not open to first semester freshmen but is normally taken in either the second or third semester. E&M 230 and 232 should be taken in the second year along with the statistics cognate requirement. It is recommended that students planning a major in economics enroll in Mathematics 125 or calculus during their first year. Seniors may be required to participate in a senior assessment exercise..
  • The following cognate areas must be completed for a major:
    1. Mathematics 125 (or higher or demonstrated proficiency).
    2. One statistics course from Mathematics 209, 309, or E&M 235.
  • In addition, it is recommended that individuals interested in graduate study in business or management take Mathematics 141 and 143. Individuals contemplating graduate study in economics should complete the mathematics/economics major.
  • Because of the increased globalization of the U. S. economy, all majors are encouraged to participate in approved off-campus study programs. For a list of approved programs, consult with the Center for International Education.

Requirements for Economics and Management Major with Emphasis (10 units)

  • A minimum of 10 units in economics and management (nine for the emphasis in international business and international economics), including 101, 102, 211, 230, 232. Unless approved by the department in advance, 230 and 232 must be taken at Albion College.
  • The 9-10 units used to fulfill major with emphasis requirements must be taken for a numerical grade.
  • The following cognates must be completed for a major with emphasis: Mathematics 125 (or higher or demonstrated proficiency); one statistics course from Mathematics 209, 309 or E&M 235. The major with emphasis in international business and international economics requires, in addition to the preceding, completion of an off-campus study program or internship in a foreign country, plus one course from the following: a modern foreign language at the 201 level or higher, A&S 238, 248, 375; Communication Studies 313; History 103, 111, 142, 217, 218, 263, 264, 308, 309, 313, 382, 385, 390; International Studies 130, 264, 300; Modern Languages and Cultures 105; Philosophy 303, 309; Political Science 202, 305, 336, 338, 352; Religious Studies 102, 104, 204, 211, 212.
  • A focused selection of courses chosen from among the emphases listed below.

    Emphasis in economics
    Five units selected from the following: 273, 322, 323, 331, 354, 365, 366, 368, 375, 379, 380.

    Emphasis in general business
    212, 259, 336, 348, plus one unit selected from the following: 305, 350, 355, 357, 359, 362, 376.

    Emphasis in human resources
    259, 354, 355, Psychology 101, plus one unit selected from the following: 305, 353, 376, Psychology 346.

    Emphasis in international business and international economics
    Two units selected from 362, 363, 365, 366, plus one unit selected from the following: 212, 259, 331, 336, 348, 359, 368, 376.

  • A student may declare only one economics and management major with emphasis, even if the student completes the requirements for more than one emphasis.

Additional information on the Economics and Management major can be found in this pdfprogram flyer (PDF).

Requirements for Accounting Major

Corporate Emphasis

  • A minimum of 9.5 or 10 units in accounting, economics, and management, including 101, 102, 211, 212, 230 or 232, 248, 311, 312, 343 or 385, plus one unit of elective in the department at the 200-level or higher.
  • All courses for the major must be taken for a numerical grade.
  • Two units of cognates, including Mathematics 125 (or higher or demonstrated proficiency) and E&M 235 or Mathematics 209 or 309.

C.P.A. Emphasis

  • A minimum of 9.5 or 10 units in accounting, economics, and management, including 101, 102, 211, 212, 311, 312, 341, 342, 383, 384, 343 or 385.
  • All courses for the major must be taken for a numerical grade.
  • Two units of cognates, including Mathematics 125 (or higher or demonstrated proficiency) and E&M 235 or Mathematics 209 or 309.

Requirements for Finance Major

  • A minimum of 10 units in economics and management, including 101, 102, 211, 230, 232, 248, 311 or 312, 348, 368, plus one unit from the following: 331, 344, 365.
  • All courses for the major must be taken for a numerical grade.
  • Two units of cognates, including Mathematics 125 (or higher or demonstrated proficiency) and E&M 235 or Mathematics 209 or 309.

Information on Minors

  • The minors in accounting, economics, finance, and management are not open to economics and management majors.
  • Students may not choose more than one minor in the Economics and Management Department.
  • All courses for the minor must be taken for a numerical grade, except those offered only on a credit/no credit basis.

Requirements for a Minor in Accounting-Corporate Track

  • Five units in economics and management, including: 211, 212 and either 311 or 312, plus two from 248, 311 or 312 (if not taken above), 341, 342, 348, 384 and (with approval of the E&M department chair) 389.
  • Two units of cognates: Math 125 or higher or proven proficiency and 235 or Math 209 or Math 309.

Requirements for Minor in Economics

  • Five units in economics and management, including: 101 and either 230 or 232, plus three from 102, 230, 232, 235, 273, 322, 323, 331, 344, 354, 363, 365, 366, 368, 375, 379, 380 and (with approval of the department chair) 389.

Requirements for a Minor in Finance

  • Five units in economics and management, including 211, 248 or 348, 344, 368, plus one from 248, 348, 311, 331, 365, 379, 380, and (with approval of the E&M department chair) 389.
  • Two units of cognates: Math 125 or higher or proven proficiency and 235 or Math 209 or Math 309.

Requirements for Minor in Management

  • Five units in economics and management, including: 101, 211 and either 259 or 359, plus two additional units from 212, 259, 305, 311, 312, 336, 341, 342, 344, 348, 350, 353, 355, 357, 359, 362, 368, 376, and (with approval of the department chair) 389.

Economics and Management Courses in Interdepartmental Majors

Three interdepartmental majors require courses in economics. The mathematics/economics major, which requires six courses in economics, prepares students for actuarial science, operations research or graduate study in economics. The public policy major, which requires three courses in economics, focuses on government decision-making. The social studies major with elementary or secondary education certification, which requires two courses in economics, is aimed at students who seek to become K-12 teachers.