2019-2020 Undergraduate Catalog 
    Mar 07, 2021  
2019-2020 Undergraduate Catalog [ARCHIVED CATALOG]

Economics, Business (B.S.B.A.)

College of Business Administration
Department of Economics, Business Administration II, Room: 305


Dr. Nora Underwood, nunderwood@ucf.edu
Phone: 407-823-3266

The Business Economics major for the Bachelor of Science in Business Administration is designed for students who wish to receive specialized training in Economics along with core skills in business administration. Flexibility to select from a variety of courses allows students to customize their education program to their personal interests and career goals. This degree provides skills and training for careers in business and industry, law, government, politics, teaching, research, and a variety of other areas. This degree also provides a strong foundation for future graduate studies in business, economics, law and public administration. Not eligible for a double degree with another College of Business Administration major.

Admission Requirements

  • Completion of the UCF General Education program and Gordon Rule, or an AA degree from a Florida College System or State University System institution, and completion of each Common Program Prerequisite course with a “C” (2.0) or better.
  • Completion of the following courses at UCF or at an AACSB accredited institution: QMB 3200 , MAR 3023 , FIN 3403 , MAN 3025 , and ACG 3173 , with a GPA of “C” (2.0) or better. One course may be repeated one time in the next term of enrollment to meet these requirements.
  • See Common Program Prerequisites  
  • A student’s academic catalog year guarantees their graduation requirements, but not their admission requirements. All pre-majors are held to the current admission standards. This applies to both native and transfer students.

Degree Requirements

  • Students who change degree programs and select this major must adopt the most current catalog.
  • Students wanting to major in Business Economics must apply for admission to the major.
  • Any student receiving a business degree must complete a minimum of 30 of the 61 upper level business credit hours for their degree program in the UCF College of Business Administration. Additionally, 12 of the 30 credit hours completed at UCF must be from the department or school in which the student majors.
  • For students seeking a double major within the College of Business, a maximum of 6 hours of Required Courses for the Major or Restricted Electives may count towards another business major.
  • A maximum of 6 hours of Core Requirements or Restricted Electives may count towards another degree program or minor.
  • Students in the Economics major must maintain a 2.0 or higher cumulative Grade Point Average in all major courses taken at UCF and a 2.0 or higher cumulative GPA in all College of Business courses taken at UCF. Failure to maintain the required GPAs will result in the student being placed on Lack of Progress in the major and/or College. If a student on Lack of Progress fails to achieve the minimum required GPA in the subsequent term of enrollment, the student will be dismissed from the Economics major and/or College of Business. A student who is dismissed may seek consideration for re-admittance into the College or major by submitting a letter indicating the reasons for academic difficulties and positive plans for achieving the required GPA. Readmission is not automatic or guaranteed and as an exception to College policy is rarely granted.
  • Students majoring in Economics must earn a grade of “C” (2.0) or better in the following course and each course applied towards the major:​
    QMB 3200 - Quantitative Business Tools II Credit Hours: 3

General Education Program (GEP) (36 Credit Hours)

Communication Foundations (9 Credit Hours)

Cultural and Historical Foundations (9 Credit Hours)

Mathematical Foundations (6 Credit Hours)

Social Foundations (6 Credit Hours)

Select One: (3 Credit Hours)

Select One: (3 Credit Hours)

Science Foundations (6 Credit Hours)

Common Program Prerequisites (CPP) (12 Credit Hours)

Must be completed with a “C” (2.0) or better.

Select one of the following sequences of courses:

Students who have not completed MAC 2233  and STA 2023 , or MAC 2311 and MAC 2312 with a “C” (2.0) or better must take QMB 3003 - Quantitative Business Tools I Credit Hours: 3.

Core Requirements: Basic Level

  • None

Core Requirements: Advanced Level (36 Credit Hours)

Primary Core (15 Credit Hours)

Required Major Courses (6 Credit Hours)

Restricted Electives (18 Credit Hours)

All B.S.B.A. E​conomics majors will be required to take six (6) electives by choosing from the following:

Business Elective (3 Credit Hours)

Choose any upper level business course.

For students interested in preparing for graduate school in Economics and other graduate studies, the following courses are strongly recommended

For students interested in Finance

One course from the following list can count as a restricted elective towards the economics degree.

NOTE: FIN 3403  is a pre-requisite for these courses.

Capstone Requirements (3 Credit Hours)

Admitted to a Business major, senior standing, and completion of MAN 3025 , MAR 3023 , FIN 3403 , QMB 3200 , and ACG 3173  or ACG 3131  are required to register for MAN 4720 .


  • Variable

Foreign Language Requirements


  • Two years of one foreign language in high school, or one year of one foreign language in college (or equivalent proficiency exam) prior to graduation.


  • None

Additional Requirements

  • None

Required Minors

  • None

Departmental Exit Requirements

  • A minimum major GPA of 2.0 and a minimum College of Business GPA of 2.0.
  • Students are required to complete an exit survey and comprehensive exit exam in Economics.
  • Students should take the exit survey and comprehensive exit exam in their final semester.

University Minimum Exit Requirements

  • A 2.0 UCF GPA
  • 48 semester hours of upper division credit completed
  • 60 semester hours earned after CLEP awarded
  • 30 of the last 39 hours of course work must be completed in residency at UCF.
  • A maximum of 45 hours of extension, correspondence, CLEP, Credit by Exam, and Armed Forces credits permitted.
  • Complete the General Education Program, the Gordon Rule, and nine hours of Summer credit.

Total Undergraduate Credit Hours Required: 120

Additional Information

Honors In Major

  • Students enrolled in the Honors in the Major (HIM) program who complete ECO 4903H (3 units) and ECO 4970H (3 units), and then successfully defend their thesis can substitute ECO 4970H for on restricted elective course in the major.

Related Programs

  • None


  • Business Analytics

Related Minors

  • None

Advising Notes

  • Florida College System students are advised to complete the Associate of Arts degree, to include the general education requirements, the common program prerequisites for the SUS system, and college algebra.
  • Orientation and advising are two of the most valuable tools that a student can make use of when transferring to UCF. Be sure that you take advantage of both.

Transfer Notes

  • Lower division courses do not substitute for upper division courses.
  • Courses transferred must be formally evaluated for equivalency credit. The student must provide a course syllabus and any other supporting information with his/her petition for this evaluation.
  • Common Program Prerequisites for the State University System for College of Business Administration programs include Financial Accounting, Managerial Accounting, Macroeconomics, Microeconomics, Calculus, Statistics, and a relevant computer class. At UCF Business, students who have completed the calculus and statistics class will be waived from Quantitative Business Tools I. Students who have completed either the calculus or the statistics, but not both, must take Quantitative Business Tools I.
  • Subject to the general grade and residence requirements, credit will be granted for transferred course work equivalent to that required in the UCF Business program. Only grades of “C” (2.0) or higher transfer into the program and students must have a “C”(2.0) or better in each common program prerequisites class.
  • Any student receiving a business degree must complete a minimum of 30 of the 61 upper level business credit hours for their degree program in the UCF College of Business Administration. Additionally, 12 of the 30 credit hours completed at UCF must be from the department or school in which the student majors.

Acceptable Substitutes for Transfer Courses

  • None

Program Academic Learning Compacts

Equipment Fees

  • Part-Time Student: $15 per term
  • Full-Time Student: $30 per term

Plan of Study

  • General electives as required to earn 120 credit hours.

Freshman Year - Fall (15 Credit Hours)

Freshman Year - Spring (15 Credit Hours)

Sophomore Year - Fall (15 Credit Hours)

Sophomore Year - Spring (15 Credit Hours)

Sophomore Year - Summer (3 Credit Hours)

Junior Year - Fall (16 Credit Hours)

Junior Year - Spring (16 Credit Hours)

Senior Year - Fall (12 Credit Hours)

  • Credit Hours: 3
  • Economics Restrictive Elective Credit Hours: 3
  • Economics Restrictive Elective Credit Hours: 3
  • Economics Restrictive Elective Credit Hours: 3

Senior Year - Spring (13 Credit Hours)