Develop not only your quantitative skills but also your reasoning and decision-making skills Develop not only your quantitative skills but also your reasoning and decision-making skills Develop not only your quantitative skills but also your reasoning and decision-making skills Develop not only your quantitative skills but also your reasoning and decision-making skills Develop not only your quantitative skills but also your reasoning and decision-making skills

School of Business & Entrepreneurship

Department of Economics

Business Economics

Questions?

Undergraduate Admission

(630) 637-5800

admissions@noctrl.edu

Why pursue a business economics degree at North Central College?

A business economics major focuses on business applications with an eye toward working for corporations, the government or in the financial sector—gathering or analyzing information and data on markets and business cycles. You’ll be grounded in the business core of accounting, statistics, management, marketing, finance and strategy but also given the opportunity to augment that with applications of economics to other industries such as international markets, the public sector or health care, for example. At North Central College, we believe it's important to prepare our students with as many resources as possible when receiving an education. To help do that, we provide our students with hands-on experience through real-world applications so they can feel confident and prepared when entering the workforce. Working closely with our well-respected faculty, you’ll develop not only your analytical skills but also your reasoning and decision-making skills when enrolling in our BA business economics program. This careful training will serve you well in virtually any career, since thoughtful decision makers are always in demand.

You can also:

  • Apply for competitive internships and job opportunities arranged through faculty and alumni networks or through our Career Development office.
  • Join student organizations like the Invisible Hand Economics Club, which arranges networking events and guest speakers.
  • Visit the nearby Chicago Board of Trade, Chicago Board Options Exchange and Federal Reserve.
  • Work with local schools through the newly established Center for Financial Literacy.
  • Research your interests alongside faculty and present your findings on campus or at national conferences.
  • Simulate trades and access thousands of proprietary reports and data screens in the Bloomberg Finance Lab, where 10 workstations are equipped with the Bloomberg Terminal software, the iconic dual monitors and Bloomberg’s unique keyboards. You can also choose to become “Bloomberg certified” by completing a series of modules that cover economic theory, economic indicators, currencies, fixed income vehicles, options, equities and more.

Business Economics, B.B.A.

The Bachelor of Business Administration degree is most appropriate for students planning to seek entry level careers in all business areas who desire both a strong foundation in economic theory as well as broad exposure to all areas of business including accounting, finance, management and marketing.

Major Requirements

Common SBE Core

  • SBEN 100 - Globalization and Society

    SBEN 100 - Globalization and Society

    4.00 credit hours

    An introductory course identifying the role of the business institution in our society, how business behavior is shaped and influenced by its stakeholders-managers, consumers, employees, government and community members. Key topics include: business systems, corporate governance, the business and society relationship, business and public issues, ethical dilemmas in business, corporate social responsibilities in relation to stakeholders, globalization, ecological and sustainability issues and the influence of technology on business and society.

    Cardinal Directions Designation(s)
    Social Science, Ethical Dimensions, Global Understanding.

    Schedule Of Classes

  • ACCT 201 - Financial Accounting

    ACCT 201 - Financial Accounting

    4.00 credit hours

    An introduction to accounting principles and procedures as they are employed in the communication of financial information to various users, such as management, stockholders and government agencies. Topics include accounting for assets, liabilities, owner's equity and other reporting issues.

    Schedule Of Classes

  • ACCT 202 - Managerial Accounting

    ACCT 202 - Managerial Accounting

    4.00 credit hours

    Analysis of accounting for managerial decision-making, planning and control. Topics include budgeting, variance analysis, traditional and nontraditional product costing methods and cost-volume profit analysis.

    Prerequisite(s)

    ACCT 201.

    Schedule Of Classes

  • BUSN 205 - Business Law and Ethics

    BUSN 205 - Business Law and Ethics

    4.00 credit hours

    Surveys the major aspects of the law governing business and commerce including the domestic and international legal environment, the range of dispute resolution processes, legal liability including torts and negligence, contracts, employment law including employment discrimination, business entities, commercial transactions and intellectual property—all with particular emphasis on business ethics and ethical decision making.

    Cardinal Directions Designation(s)
    Ethical Dimensions.

    Schedule Of Classes

  • BUSN 265 - Business and Economics Statistics

    BUSN 265 - Business and Economics Statistics

    4.00 credit hours

    Provides an overview of basic statistics as it applies to business. The focus is on learning statistical concepts by applying analytical reasoning to business applications. Examples illustrating the relevance of statistics to broad areas of business are used. The course requires students to use spreadsheet programs, statistical programs, the Internet and other computer tools in analyzing statistics. The focus is on application of the material and on solving problems. Only one of BUSN 265 and PSYC 250 may be taken for credit.

    Prerequisite(s)

    MATH 130 or higher.

    Cardinal Directions Designation(s)
    Quantitative Analysis.

    Schedule Of Classes

  • BUSN 485 - Business Strategy

    BUSN 485 - Business Strategy

    4.00 credit hours

    The capstone course requirement for all business majors. As befits a capstone, student skills in business strategy are developed in a highly integrative manner such that students use knowledge and frameworks from all functional areas of business to develop a holistic perspective of firms and competitive advantage. The knowing component of this course is focused on theoretical knowledge and frameworks applied in the critical analysis of business case studies. The doing component of this course centers on an online simulation where students compete to run a successful business.

    Prerequisite(s)

    FINA 350, MGMT 305, MKTG 300 and Senior standing.

    Schedule Of Classes

  • ECON 200 - Principles of Microeconomics

    ECON 200 - Principles of Microeconomics

    4.00 credit hours

    Introduction to the theory of consumer choice, social and individual welfare, the behavior of business firms and market structure, and other applied microeconomic topics.

    Prerequisite(s)

    MATH 130 or higher.

    Cardinal Directions Designation(s)
    Social Science.

    Schedule Of Classes

  • ECON 205 - Principles of Macroeconomics

    ECON 205 - Principles of Macroeconomics

    4.00 credit hours

    Introduction to macroeconomic theory, with emphasis on factors which explain changes in national income, unemployment and inflation. Other topics include money and banking, fiscal and monetary policies, distribution of income and economic crises.

    Prerequisite(s)

    MATH 130 or higher; ECON 200 recommended.

    Cardinal Directions Designation(s)
    Social Science.

    Schedule Of Classes

  • FINA 350 - Corporate Finance

    FINA 350 - Corporate Finance

    4.00 credit hours

    An introduction to corporate financial management. Topics include financial statement analysis, discounted cash flow analysis, bond and stock valuation, common stock/debt financing, risk and return, cost of capital, and capital budgeting.

    Prerequisite(s)

    ACCT 201 and ECON 200; BUSN 265 or MATH 152 or concurrent enrollment.

    Schedule Of Classes

  • MGMT 305 - Management and Organizational Behavior

    MGMT 305 - Management and Organizational Behavior

    4.00 credit hours

    Provides a formal overview of why organizations exist and how they operate within the context of society. Basic management issues such as the structure of organizations are explored. In many cases management topics are covered in a generic manner that can be applied to any organization. Other issues are addressed with specific applications to certain firms. This course examines our role as individuals as it pertains to organizations. It is generally meant to provide a framework to analyze organizations that exist in the U.S. but will also cover some international topics.

    Prerequisite(s)

    BUSN 265 and ECON 200.

    Schedule Of Classes

  • MKTG 300 - Principles of Marketing

    MKTG 300 - Principles of Marketing

    4.00 credit hours

    Presents an overview of Marketing as a principle, a discipline, and as a profession. Students examine all elements of Marketing including integrated promotional strategies, consumer behavior, and ethics and social responsibility. Emphasis is placed on the Marketing Mix (Product, Place, Promotion and Price) as students design and implement a comprehensive marketing plan.

    Prerequisite(s)

    SBEN 100 and ECON 200.

    Schedule Of Classes

Economics Courses

  • ECON 365 - Econometrics

    ECON 365 - Econometrics

    4.00 credit hours

    This course provides exposure to the estimation and testing of economic models using statistical methods and appropriate empirical data. Emphasis is placed on model construction and the use of multiple linear regression for interpretation, analysis and forecasting.

    Prerequisite(s)

    ECON 200ECON 205; BUSN 265 or MATH 340.

    Schedule Of Classes

  • ECON 400 - Intermediate Microeconomics

    ECON 400 - Intermediate Microeconomics

    4.00 credit hours

    An economic analysis of consumers, firms, and markets. Consumer theory includes indifference curve analysis with applications related to a wide range of consumer behavior. Firm costs and revenue decisions are analyzed within the context of market structure and public policy.

    Prerequisite(s)

    ECON 200, ECON 205; Junior Standing.

    Schedule Of Classes

  • ECON 405 - Intermediate Macroeconomics

    ECON 405 - Intermediate Macroeconomics

    4.00 credit hours

    An analysis of consumption, investment, government, international trade, and the financial system in their relationships to the national economy and its stability.

    Prerequisite(s)

    ECON 200, ECON 205; Junior Standing.

    Schedule Of Classes

    • Eight credit hours of ECON electives, at least four credit hours at the 300-level or above

Internships

Recent graduates in economics have served as:

  • Research analyst, Waddell and Reed, Naperville
  • Public Finance Intern, Robert W. Baird and Company
  • Intern, Professional Liability Area, USLI Insurance
  • Retirement planning, Northwestern Mutual, Lombard, Ill.
  • Intern, finance department, OfficeMax, Naperville
  • Intern, Siegfried Investment Fund, LLC
  • Chicago climate exchange regulatory extern, Financial Industry Regulatory Authority, Chicago
  • Intern, International Credit Risk Management, Northern Trust

Graduate Schools

Recent graduates in economics have been accepted at:

  • Clemson University
  • Depaul University
  • Indiana University School of Law
  • Loyola University Chicago School of Law
  • Marquette University
  • Northwestern University
  • University of Illinois
  • University of Iowa
  • University of Kentucky
  • University of Oregon
  • University of Wisconsin
  • Valparaiso University
  • Vanderbilt University

Careers

Recent graduates in economics include:

  • Consultant, NFP Insurance Solutions
  • Market intelligence analyst, Portland Cement Association
  • Financial analyst, Gallagher Bassett
  • Associate Wealth Management Advisor, Spahn Financial Pricing Analyst, Hub Group
  • Data Analytics Specialist, MB Financial

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