College of Business & Economics
College of Business & Economics
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Earning the Bachelor of Science in Economics
The Bachelor of Science in Economics is designed to offer the student flexibility in fashioning the major. Students are taught to think critically about typical issues faced in business and social policy and how to analyze their implications. Emphasis is placed on exposing the student to decision-making tools used in a variety of career paths. All economics majors are required to take at least 36 hours of economics courses.
Economics is also considered to be a traditional pre-law degree since students with an economics degree enter law school with well-refined analytical tools and an ability to think critically. The Wall Street Journal has quoted Edward Tom of UC Berkeley School of Law as stating that "of all the majors, economics ranks in the top four or five consistently year after year for both applications and offers made. Logical reasoning and analytical skills are critical to legal studies." Furthermore, research has shown that economics majors tend to perform well on the LSAT exam. Research published in the Journal of Economics Education reports that of the 14 majors that had more than 2,000 students taking the exam, economics students received the highest average score in both of the time periods studied.
There are three curricular tracks offered for the Bachelor of Science in Economics, each of which has a different emphasis.
The first track, Business Economics Concentration, focuses on economics while requiring students to take supporting courses in accounting, finance, computing, and statistical methods. It is designed to prepare students for analytical positions in a variety of businesses.
The second track, the International Economics Concentration, offers a wide-ranging international experience providing students a greater understanding of the global economy. To gain greater international exposure, students are encouraged to complete the International Studies Minor. In addition, Longwood's Office of International Affairs offers many study-abroad experiences that complement this concentration.
The third track, the General Economics Concentration, provides the most flexibility in both course work and career choices. Students also have the option of a major in Business Administration with a concentration in Economics. Students also have the option of a major in Business Administration with a concentration in Economics.
The College of Business & Economics offers a minor in Economics. To be admitted to the Economics minor, students must earn at least a 2.33 cumulative GPA and complete ECON 217 & 218 with at least a C-. Students should apply for admission to the Economics minor during the semester in which they will complete the admission requirements (October 15 for fall semester and March 1 for spring semester). This application allows you to register for upper-level business and economics courses the following semester, but it is verified at the end of the semester, and students are notified at that time whether they were admitted to the minor.
To earn the Economics minor, students must complete the following requirements with at least a 2.0 minor GPA:
ECON 217 Principles of Economics (Micro Emphasis)/3 credits
ECON 218 Principles of Economics (Macro Emphasis)/3 credits
ECON 317 Intermediate Microeconomics/3 credits
or ECON 318 Intermediate Macroeconomics/3 credits
Economics electives/12 credits (at the 300- or 400-level)
(ECON 492 may not be used as an Economics elective)