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 six required courses and four 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.

Requirements

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. 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 - Decision Analysis

Breadth Requirement

An introductory course in the department. Choose one of the following: RES-ECON 106 (formerly 162) - Economics is Everywhere or RES-ECON 107 (formerly 121) - Hunger in a Global Economy 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

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

Managerial Economics Upper-Level Electives

The goal of the four selected upper-level elective courses is to add depth and/or breadth to the curriculum of the student’s chosen major. Courses taken to add depth will allow students to develop a specialization and/or acquire certain skills in a specific area of interest within their major. Courses taken to add breadth will allow students to touch on topics related to their major. All courses should be selected in conjunction with an advisor. Please refer to the Undergraduate Handbook for more specific information: https://www.umass.edu/resec/academics/undergraduate-program/academic-requirements.

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.