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Q. What courses should I take first?
A. Any of your basic Liberal Arts requirements, a mathematics course (according to placement), and Principles of Accounting I BUA 1101.
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Q. How can I decide if I want to major in Economics/Business Administration?
A. The two courses we recommend are Principles of Accounting I BUA 1101(typically offered in the fall) and Introduction to Political Economy ECO 1101 (typically offered in the spring).
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Q. Which courses can I take in the department if I have another major?
A. We recommend:
- Introduction to Political Economy ECO 1101
- Principles of Accounting I BUA 1101
- Principles of Marketing BUA 2209
- Ethics and Business BUA 2210
- Principles of Management BUA 2214
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Q. What kinds of jobs do graduates have?
A. Our accounting graduates are working (most having been hired prior to graduation) or are in graduate school. The following are a sampling of companies, institutions, or governmental units wise enough to hire our graduates:
- Bank of America
- Deloitte and Touche
- T. Rowe Price
- Legg Mason
- Internal Revenue Service
- Federal Bureau of Investigation
- Social Security Administration
- Department of Energy
- RSM McGladrey, Inc.
- Bond Beebe
- Smart and Associates
- Allegis
- Northrup Gruman
- Grant Thorton
- American Express Financial Services
- Mercy Hospital
- The Financial Accounting Standards Board (FASB)
- Farmers and Mechanics Bank
- Erickson Retirement Communities
Q. What are the service learning opportunities in this department?
A. The Volunteer Income Tax Assistance (VITA) program, sponsored by the College and the Internal Revenue Service, trains approximately 35 of our majors each year to prepare income tax returns for low-income individuals, e.g. students, the elderly, handicapped, and non-English speaking taxpayers. Students earn internship credits while working on site at the College’s Windows computer lab. Almost all returns are electronically filed. Each year the Program completes well over 100 federal and 100 state returns. All students are invited to join VITA, which begins in late January and ends in mid-April. Contact Professor Susan Milstein at 410-857-2456 for additional information.
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Q. Does this department sponsor any special programs or internships?
A. The Economics/Business Administration Department HIGHLY recommends obtaining an internship. We have a growing network of internship opportunities and most of our majors obtain an internship.
Our majors have completed internships with the following companies during recent years:
- Enterprise Rent-A-Car
- Legg Mason
- Knorr Brake
- Allegis Corporation
- Lincoln Financial
- Merrill Lynch
- Bond Beebe
- BB & T
- Neiman Marcus
- Baltimore Office of Promotion & the Arts
- T. Rowe Price
- Southwest Air Lines
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Q. Can I major in Economics/Business Administration and still study abroad?<
A. Yes
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Q. Do I need any special computer equipment for courses in this department?
A. No.
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Q. What are the major requirements in Economics/Business Administration?
A. The following courses are required of all students who major in Economics and/or Business Administration:
- Principles of Economics 4 hours
- Statistics 8 hours
- Mathematics 4 hours
- Intermediate Microeconomics 4 hours
- Intermediate Macroeconomics 4 hours
Economics Major
In addition to the foundation courses, the following are required of all students who major in Economics:
- History of Economic Thought 4 hours
- Electives in Economics (at the 2000 level or above) 12 hours
- Advanced Composition, Professional Communication, Journalism, or Public Speaking
The required capstone in Economics is History of Economic Thought.
Business Administration Major
In addition to the foundation courses, the following are required of all students who major in Business Administration:
- Principles of Accounting
- American Economic History, Economic Development, Industrial Organization, International Economics, Managerial Economics,
- Mathematical Economics, or Money and Financial Markets,
- Advanced Accounting, Auditing, Corporate Finance, Cost Accounting, Intermediate Accounting, Investments, or Tax Accounting
- Entrepreneurship, Ethics and Business, Legal Environment of Business, Managing Systems in the Macro Environment, Principles of Management, Principles of Marketing, Psychology in the Workplace, or Public Administration
- Advanced Composition, Journalism, Professional Communication, or Public Speaking
The required capstone in Business Administration is chosen from one of the following:
- Corporate Finance and Financial Management
- Managerial Economics
- Money and Financial Markets
Dual Major in Economics & Business Administration
In addition to the foundation courses, the following are required of all students who dual major in Business and Economics:
- Principles of Accounting
- History of Economic Thought
- 2 courses from the following: American Economic History, Economic Development, Industrial Organization, International Economics, Managerial
Economics, Mathematical Economics, or Money and Financial Markets
- Advanced Accounting, Auditing, Corporate Finance, Cost Accounting, Intermediate Accounting, Investments, or Tax Accounting
- Entrepreneurship, Public Administration, Ethics and Business, Legal Environment of Business, Managing Systems in the Macro Environment, Principles of Management, Principles of Marketing, or Psychology in the Workplace
- Advanced Composition, Journalism, Professional Communication, or Public Speaking
The required capstones for the Dual Major in Economics and Business Administration are History of Economic Thought and an additional course chosen from among the following:
- Corporate Finance and Financial Management
- Managerial Economics
- Money and Financial Markets
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Q. How can I also complete a minor in education
A. We recommend consulting the Education Department and the McDaniel College Catalog.
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Q. What are the minor requirements in Economics/Business Administration?
A. We recommend consulting the McDaniel College Catalog for a full description of the Economics/Business Administration minors and courses. For your convenience, brief descriptions of the requirements for the Economics/Business Administration minors are provided below:
Accounting Minor
- Principles of Accounting 8 hours
- Intermediate Accounting 8 hours
- At least two from: Advanced Accounting, Auditing, Cost Accounting, Legal Environment of Business, or Tax Accounting
Economic Minor
- Principles of Economics
- Intermediate Microeconomics
- Intermediate Macroeconomics
- Two additional Economics courses at the 3000–4000 level
- Statistics 2215
Business Minor
- Principles of Accounting 8 hours
- One four-hour business elective at the 2000–4000 level
- Principles of Economics
- Corporate Finance, Intermediate Microeconomics Managerial Economics, or Money and Financial Markets
- Statistics 2215
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