The Major

Required coursework includes University General Education requirements, twelve departmental core courses (including Junior Year Writing and IE), six required courses related to managerial issues, and four upper-level electives. Departmental core courses have been selected to provide the basic tools of economic theory and quantitative analysis and a perception of how our economic system works. The five required courses and five upper-level electives allow students to take coursework specifically focused on accounting, finance, management, public policy, and managerial decision making. Students are allowed considerable flexibility within the program. By careful selection of courses, it is possible to design a program which prepares a student for employment in a specific career or which provides a good foundation for graduate study. Some students also prepare for international careers.

Departmental Core Requirments

Fundamental Competencies

One Calculus course – either MATH 127 - Calculus for the Life and Social Sciences I or MATH 131 - Calculus I
RES-ECON 112 - Computing: Foundations to Frontiers
RES-ECON 303 - Writing in Resource Economics (General Education Junior Year Writing)

Microeconomics

RES-ECON 102 - Introduction to Resource Economics. ECON 103 may be substituted.
RES-ECON 202 - Price Theory (Intermediate Microeconomics). ECON 203 may be substituted.

Macroeconomics

ECON 104 - Introduction to Macroeconomics
ECON 204 - Intermediate Macroeconomic Theory

Quantitative Decision Making

RES-ECON 212 - Introductory Statistics for the Social Sciences. STATISTC 240 may be substituted.
RES-ECON 213 - Intermediate Statistics for Business and Economics
RES-ECON 313 - Quantitative Methods in Applied Economics

Breadth Requirement

An introductory course in the department. Choose one of the following: RES-ECON 121 - Hunger in a Global Economy or RES-ECON 162 - The Consumer in Our Society or RES-ECON 262 - Environmental Economics or RES-ECON 263 - Natural Resource Economics.

Integrated Experience Seminar

RES-ECON 394LI - Life if Full of Choices (General Education Integrative Experience seminar, 1 credit).

Managerial Economics Required Specialization Courses

314 Financial Analysis for Consumers and Firms or Finance 301 Corporate Finance
428 Managerial Economics (Capstone)
452 Industrial Organization in Resource Economics (IE)
453 Public Policy in Private Markets (IE)
ACCOUNTG 221 Introduction to Accounting I
MANAGMNT 301 Principles of Management

Managerial Economics Upper-Level Electives

Choose four courses from a departmental list of options. Includes courses from resource economics, economics, public policy, management, marketing, finance, and math/statistics.

Note: Departmental core and option requirements may not be taken on a Pass/Fail basis.

For the requirements for Commonwealth Honors College Departmental Honors in Managerial Economics, see www.umass.edu/resec/academics/undergraduate-program/commonwealth-honors-college-departmental-honors-program.