COLLEGE of BUSINESS
ECONOMICS and INTERNATIONAL BUSINESS
Professor Richard Adkisson, department head
Professors Carruthers, Ellis (emeritus), Enomoto, Gegax, Gould, McGuckin, Peach, Popp (emeritus), D.B. Smith (emeritus), Steiner, VanLeeuwen, Willman (emeritus); Associate Professors Blank, Brook, Clason, Daniel, Erickson, Lee; Assistant Professors Downes, Gard, McFerrin, Ricketts, Widner, Pan; College Professor V. Bullock; College Associate Professor Schmidt
(575) 646-2113
http://business.nmsu.edu/academics/economics-ib/
DEGREE: Bachelor of Business Administration
MAJOR: Economics
MAJOR: International Business
DEGREE: Bachelor of Arts in Economics
MAJOR: Economics
MINOR: Economics
Intelligence Studies
International Business
DEGREE: Bachelor of Business Administration
MAJOR: Economics
This program is especially suitable for students who find economics interesting and who intend, perhaps without additional formal education beyond the Bachelors degree, to take jobs in business or government. This degree prepares you for a wide variety of jobs including those leading eventually to positions of executive responsibility. It is also appropriate for those who may choose to seek a Master of Business Administration degree after graduation.
Every candidate for this major must complete the following courses with a grade of C or better: ECON 251G, ECON 252G, A ST 251G or A ST 311 (or the equivalent), and MATH 142G (or MATH 191G). In addition to completing the general education common core, College of Business foundation and business core, Viewing a Wider World requirements, and general electives (see above), you must fulfill the following requirements.
Major Courses (24 credits)
| ECON 304, Money and Banking | 3 |
| ECON 371, Intermediate Microeconomic Theory | 3 |
| ECON 372, Intermediate Macroeconomic Theory | 3 |
| ECON 405, Economic Statistics | 3 |
| ECON 489, Senior Economics Seminar | 3 |
| Electives in economics, upper-division (at least three credit hours from ECON 332, ECON 336, ECON 401, ECON 450, or ECON 457) | 9 |
MAJOR: International Business
This program is intended for those who plan to work for government agencies or firms with operations abroad or between the United States and foreign countries. The program prepares you for positions requiring knowledge of international payments, foreign exchange markets, world marketing techniques for products, export and import procedures, and international investments.
Every candidate for this major must complete the following courses with a grade of C or better: ECON 251, ECON 252G, A ST 251Gor A ST 311 (or the equivalent), and MATH 142G (or MATH 191G). In addition to completing the general education common core, College of Business foundation and business core, Viewing a Wider World requirements ,and general electives (see above), international business majors must fulfill the following requirements.
Major Courses (30 credits)
| I B 351, International Business | 3 |
| I B 450V, International Economics | 3 |
| I B 475, International Finance | 3 |
| I B 489, Senior Seminar in International Business | 3 |
| Choice of one from ECON 324V, ECON 325V, ECON 330, I B 398, and HON 380V | 3 |
| Functional area in business (upper-division courses in a single functional area of business beyond those elsewhere required for the I B major) | 15 |
Other Requirements for the Major
Foreign language: Students must demonstrate oral and written proficiency at the intermediate mid-level according to ACTFL (American Council on the Teaching of Foreign Languages) proficiency guidelines.( Process for demonstrating proficiency to be coordinated with the NMSU Department of Languages and Linguistics. Any costs associated with proficiency demonstration will be paid by the student.)
International experience requirement: Students must partake of an international experience equivalent to a semester abroad in a university where the language of instruction is not English. The department will determine appropriateness of international experience. Study abroad programs must be pre-approved by IB advisors and Department Head.
DEGREE: Bachelor of Arts in Economics
MAJOR: Economics
This program is suitable for, among others, students who plan to go onto graduate school in economics, law, business, or other areas. It has the advantage of including a large number of general electives. This feature provides great flexibility to the student who, in addition to completing the courses for a major in economics, may wish to take courses from a wide variety of other subjects of his or her own choosing.
Every candidate for this degree must complete the following requirements. In addition, the following courses must be completed with a grade of C or better: ECON 251G, ECON 252G, A ST 311 (or the equivalent), and MATH 142G (or MATH 191G).
General Education Common Core
The College of Business abides by the university's New Mexico General Education Common Core requirements as outlined in this catalog. To minimize the number of courses taken, students should first review the General Degree requirements listed below. Students who follow the recommendations below will satisfy the university's general education requirements.
Area I: Communications (10 credits) (Complete one course from each category with a grade of C or better)
| A. ENGL 111G, Rhetoric and Composition or ENGL 111H, Rhetoric and Composition(Honors), or SPCD 111, Advanced ESL Composition | 4 |
| B. ENGL 203G, Business and Professional Communication; ENGL 211G, Writing in the Humanities and Social Sciences; ENGL 218G, Technical and Scientific Communication; ENGL 311G, Advanced Composition; or ENGL 318G, Advanced Technical and Professional Communication | 3 |
| C. COMM 253G, Public Speaking or COMM 265G, Principles of Human Communication or HON 265G, Principles of Human Communication(Honors) or AXED 201, Effective Leadership and Communication in Agricultural Organizations | 3 |
Area II: Mathematics (3 credits)
| Select A ST 251G, Statistics for Business and the Behavioral Sciences or MATH 121G, College Algebra or MATH 142G*, Calculus for the Biological Management Sciences I or MATH 190G, Trigonometry and Precalculus or MATH 191G, Calculus and Analytical Geometry I | 3 |
Area III: Laboratory Sciences (8 credits)
| Complete two courses with labs from the approved New Mexico General Education Common Core List | 8 |
Area IV: Social and Behavioral Sciences (6-9 credits)
Select ECON 251G, Principles of Macroeconomics and ECON 252G, Principles of Microeconomics and up to one additional course from the approved list.
Area V: Humanities and Fine Arts (6-9 credits)
Select two or three courses from the approved list so that total credits from Areas IV and V equal 15.
Foundation and General Program Requirements (33-40 credits, dependent upon mathematics placement)
| ACCT 251, Management Accounting or ACCT 252, Financial Accounting | 3 |
| A ST 251G or STAT 251G, Statistics for Business and the Behavioral Sciences; or A ST 311, Statistical Applications | 3 |
| MATH 120, Intermediate Algebra (a grade of C or better required to advance to the next level) | 3 |
| MATH 121G, College Algebra (a grade of C or better is required to advance to the next level) | 3 |
| MATH 142G, Calculus for the Biological and Management Sciences I | 3 |
| ECON 251G and ECON 252G, Principles of Macroeconomics and Microeconomics | 3 |
| Select Choice (a) or (b) (6 credits) | |
| (a) Quantitative economics choice: Complete ECON 457, mathematical Economics and ECON 460, Intelligence Research and Analysis | 6 |
| (b) Foreign language choice: Complete two foreign language courses numbered 200 and above | 6 |
Area of Concentration in an area other than economics (12 or more credits of which a minimum of 6 credits must be at the 300-499 upper division level unless an exception is granted by the department head.)
The courses may be taken in any area approved by the head of the department, but the following are recommended: accounting, anthropology, business administration, information systems, finance, management, marketing, computer science, geography, government, history, mathematics, philosophy, or sociology. Courses taken as part of General Education Common Core and Foundation and General Program requirements may be used in meeting this requirement.
*Students planning to do graduate work in mathematical economics or statistics are urged to take MATH 190, Trigonometry and Precalculus, MATH 191G and 192G, Mathematics for Engineers and Scientists I and II, rather than MATH 142G.
Departmental Core Courses (24 credits)
| ECON 304, Money and Banking | 3 |
| ECON 371, Intermediate Microeconomic Theory | 3 |
| ECON 372, Intermediate Macroeconomic Theory | 3 |
| ECON 405, Economic Statistics | 3 |
| ECON 489, Senior Economics Seminar | 3 |
| Electives in economics, upper-division (not to include ECON 457 or 460; if used to satisfy the quantitative economics requirement at least three credit hours from ECON 332, ECON 336, ECON 401, ECON 450) | 9 |
Viewing a Wider World (VWW) (6 credits)
A description of the requirement and a listing of approved VWW courses can be found in this catalog under Required Courses.
General Electives
Students must complete additional credits to bring total degree credits to a minimum of 128 and upper division credits to 48. The number of general elective credits varies by student.
MINOR: Economics
A minor in economics consists of 18 or more credit hours of approved course work in economics (ECON), of which at least 12 are numbered 300 or higher, all completed with a grade of "C" or higher.
Specifically required are ECON 251G and 252G: ECON 201G may be substituted for one of these with the approval of the Head of the Department of Economics. Also required are one course from among ECON 304, 372, and 454, and one course from among ECON 401 and 371. The remaining 6 credits may be satisfied with any upper-division courses (courses numbered 300 or higher) in economics.
MINOR: Intelligence Studies
Available only to College of Business Majors
A minor in Intelligence Studies consists of 18 or more credit hours of approved course work from the following list, all completed with a grade of "C" or higher. At least nine of the credits must be upper division.
This minor supplements the courses in a standard business major with background courses in intelligence studies and additional skill courses and prepares students to work for governmental intelligence agencies or private firms which work with the government on intelligence issues.
Not all these courses are offered by their various departments every semester. Students should check with the advisors and the specific departments to verify when those courses are being offered.
The following courses (9 credit hours) are required for the minor.
| ENGL 318G, Advanced Technical and Professional Communication | 3 |
| ECON 460, Intelligence Research and Analysis | 3 |
| PHIL 223G, Ethics | 3 |
At least 9 credits selected in consultation with the advisor. There are courses offered throughout the university that are pertinent to specific areas of Intelligence Studies. Below are some examples.
| ECON 324V, Developing Nations | 3 |
| ECON 325V, Economic Development of Latin America | 3 |
| GEOG 281, Map use and Analysis | 3 |
| GEOG 381, Cartography and Geographic Information Systems | 3 |
| GOVT 380V, Contemporary World Political Ideologies | 3 |
| GOVT 422, Border Security Policy | 3 |
| MGT 347, Management Functions and Processes | 3 |
| MGT 351, Supply Chain Management | 3 |
Credits for academic work done in conjunction with internships related to Intelligence Studies.
Notes:
Students can reduce the total credits required by carefully selecting VWW courses and by using the ethics course to fill the general education requirement in Humanities and Fine Arts. Remember that at least 9 credit hours must be upper division.
MINOR: International Business
A minor in international business consists of 18 or more credit hours of approved course work in the International Business core, all completed with a grade of "C" or higher.
Specifically, minors in International Business must complete I B 351, ECON/I B 450V, FIN/I B 475, I B 489, one class from ECON 324V, ECON 325V, ECON 330, HON 380, I B 398, plus one other upper-division business course. In addition, I B minors must meet the foreign language proficiency requirement described below.
Students must demonstrate oral and written proficiency in a foreign language at the intermediate mid-level according to the ACTFL (American Council on the Teaching of Foreign Languages) proficiency guidelines. (Process for demonstrating proficiency to be coordinated with the NMSU Department of Languages and Linguistics. Any costs associated with proficiency demonstration will be paid by the student.)
Statistics Courses
The Applied Statistics faculty provides undergraduate service courses in applied statistics for students from all colleges. These courses are presented at an introductory level to acquaint the student with basic statistical concepts. This service instruction extends to intermediate and advanced graduate-level courses.
Graduate Work
The Department of Economics and International Business offers a graduate program leading to the Master of Science in Applied Statistics. The Department also offers a graduate program leading to a Master of Arts in Economics, a Master of Science in Agricultural Economics and a Doctor of Economic Development. Interested students should consult the Graduate Catalog, which is available from the Graduate School. For more information call (575) 646-2936.