Buffalo State

Undergraduate Catalog 2016-2017

Economics (B.S.)


Economics and Finance Department

Bachelor of Science (HEGIS 2204)

Classroom Building B207 (716) 878-4606

The B.S. degree program in economics provides a solid foundation in the basic skills and analytical techniques that are necessary to understand changes in the broad economic environment and be able to formulate decisions as consumers, resource owners, and managerial personnel in business, government, and nonprofit organizations. Students choose a concentration in either applied economics or financial economics and complete additional required courses and specialized electives. Both concentrations prepare students for entry-level management positions in business, government, and nonprofit organizations, and provide excellent preparation for graduate work in business administration, economics, and law. Financial economics is the rigorous study of financial markets (bonds, derivatives, swaps, and equities) and their related institutions.

Admission Requirements: Transfer or uncommitted students must have a minimum GPA of 2.0 in previous college credits.

Transfer Students: Most courses taken at an accredited institution and relevant to the B.S. degree program will be accepted, but the majority of courses applied to the major must be courses completed at Buffalo State. In most cases, grades for transfer courses will be used in computing the required GPA for admission into the program.

Intellectual Foundations Requirements

33–39 cr

Total Required Credit Hours in Economics

39–45 cr

A. Required Courses (27 cr)

BUS 312

Financial Accounting

ECO 201

Principles of Macroeconomics

ECO 202

Principles of Microeconomics

ECO 305

Statistics for Economics

ECO 307

Intermediate Microeconomics

ECO 308

Intermediate Macroeconomics

ECO 424


ECO 490

Senior Seminar

MAT 126




MAT 161

Calculus I

B. Concentrations

Students are required to select one of two concentrations. Only 3 credit hours of ECO 488, ECO 495, or ECO 499 may be included.

AEC—Applied Economics Concentration (12 cr)

Required Courses (6 cr)

ECO 320

Managerial Economics



ECO 325

Industrial Organization

ECO 405

History of Economic Thought

At least 6 credit hours must be selected from the following:

ECO 300

Labor Economics

ECO 301

Economics of Labor Relations

ECO 302

Women in the Economy

ECO 304

Money and Banking

ECO 312

Urban Economics

ECO 350

Public Finance

ECO 355

The Economics of Energy and the Environment

ECO 360

Introduction to the Economic Analysis of Law

ECO 401

International Economics

ECO 403

Comparative Economic Systems

ECO 404

Economic Development

ECO 411

Regional Economic Analysis

ECO 488


ECO 495


ECO 499

Independent Study

FIN 400

International Finance

FNE—Financial Economics Concentration (18 cr)

Required Courses (9 cr)

BUS 313

Managerial Accounting

ECO 304

Money and Banking

FIN 314

Corporation Finance

At least 9 credit hours must be selected from the following:

ECO 488


ECO 495


ECO 499

Independent Study

FIN 345

Estate Planning

FIN 370

Technical Analysis of Financial Markets

FIN 400

International Finance

FIN 414

Investment Management

FIN 415

Cases in Corporation Finance

FIN 416

Advanced Corporation Finance

FIN 417

Derivative Securities

FIN 418

Bond Markets

FIN 419

Mergers and Acquisitions

It is strongly recommended that students who plan to pursue a Ph.D. in economics also complete, as a minimum, MAT 161, MAT 162, and MAT 202.

All College Electives

36-48 cr

Total Required Credit Hours

120 cr

Academic Road Map for Economics, B.S. - Applied Economics Concentration

Academic Road Map for Economics, B.S. - Financial Economics Concentration

Student Learning Outcomes for Economics, B.S.

Up one level

Undergraduate Major and Minor Programs

Undergraduate Catalog 2016-2017

Buffalo State Undergraduate Programs


SUNY Buffalo State

Facilities, Services, and Special Programs



Financial Aid

Academic Policies

Academic Organization

Collegewide Degree Requirements for Baccalaureate Degrees

Undergraduate Major and Minor Programs

Undergraduate Major Programs at a Glance

Undergraduate Minor Programs at a Glance

Anthropology (B.A.)

Art (B.A.)

Art Education (PK–12, B.F.A.)

Art Education (PK–12, B.S.)

Art Education (PK–12, PTCP)

Art History (B.A.)

Arts and Letters (B.A.)

Biology (B.A.)

Business Administration (B.S.)

Business and Marketing Education (B.S.)

Business and Marketing Education (PTCP)

Career and Technical Education (B.S.)*

Career and Technical Education (PTCP)*

Ceramics (B.F.A.)

Ceramics (B.S.)

Chemistry (B.S.)

Childhood Education (Grades 1–6, B.S.)

Childhood Education and English Extension (Grades 1–6 and English 7-9, B.S.)

Childhood Education and French Extension (Grades 1–6 and French 7-9, B.S.)

Childhood Education and Italian Extension (Grades 1–6 and Italian 7-9, B.S.)

Childhood Education and Mathematics Extension (Grades 1–6 and Mathematics 7-9, B.S.)

Childhood Education and Social Studies Extension (Grades 1–6 Social Studies and 7-9, B.S.)

Childhood Education and Spanish Extension (Grades 1–6 and Spanish 7-9, B.S.)

Communication Programs

Communication Design (B.F.A.)

Communication Studies (B.A.)

Computer Information Systems (B.S.)*

Criminal Justice (B.S.)


Dietitian Education Program (B.S.)

Didactic Program in Nutrition and Dietetics (B.S.)

Early Childhood and Childhood Education (Birth - Grade 6, Combined Program)

Early Childhood Education (Birth - Grade 2, B.S.)

Earth Sciences (B.S.)

Economics (B.A.)

Economics (B.S.)

Electrical Engineering Technology (Electronics) (B.S.)*

Electrical Engineering Technology (Smart Grid) (B.S.)*

English Programs

English (B.A.)

English Education (7–12, B.S.)

English Education (7–12, PTCP)

Exceptional Education and Childhood Education (B.S.Ed.)

Family and Consumer Sciences Education (B.S.)

Fashion and Textile Technology (B.S.)

Fibers (B.F.A.)

Fibers (B.S.)

Fine Arts

Forensic Chemistry (B.S.)

French Education (7–12, PTCP)

French (B.A.)

Geography (B.A.)

Geology (B.A.)

Health and Wellness (B.S.)

History (B.A.)

Hospitality Administration (B.S.)

Individualized Studies (B.S.)*

Industrial Technology (B.S.)*

Interior Design (B.F.A.)

International Relations (B.A.)

Journalism (B.A.)

Mathematics (B.A.)

Mathematics—Applied (B.S.)

Mathematics Education (7–12, B.S.)

Mathematics Education (7–12, 5–6 Extension, B.S.)

Mathematics Education (7–12, PTCP)

Mathematics Education (7–12, 5 – 6 Extension; PTCP)

Mechanical Engineering Technology (B.S.)*

Media Production (B.A.)

Metals/Jewelry (B.F.A.)

Metals/Jewelry (B.S.)

Music (B.A.)

Music Education (Pre-K–12, B.Mus.)

Painting (B.F.A.)

Philosophy (B.A.)

Photography (B.F.A.)

Physics (B.A.)

Physics (B.S.)

Physics Education (7–12, B.S.)

Physics Education (7–12, 5–6 Extension, B.S.)

Political Science (B.A.)

Printmaking (B.F.A.)

Psychology (B.A.)

Psychology (B.S.)

Public Communication (B.A.)

Sculpture (B.F.A.)

Social Studies Education (7–12, B.S.)

Social Studies Education (7–12, 5–6 Extension, B.S.)

Social Studies Education (7–12, PTCP)

Social Studies Education (7–12, 5–6 Extension, PTCP)

Social Work (B.S.)*

Sociology (B.A.)

Spanish Education (7–12, PTCP)

Spanish (B.A.)

Speech-Language Pathology (B.S.)

Technology Education (B.S.)

Technology Education (PTCP)

Television and Film Arts (B.A.)

Theater (B.A.)

Urban and Regional Planning (B.S.)*

Wood/Furniture (B.F.A.)

Wood/Furniture (B.S.)

Writing (B.A.)

Undergraduate Major and Minor Programs

Course Listings

AAS - African and African American Studies

AED - Art Education

ALT - Arts and Letters

AMT - Applied Mathematics

ANT - Anthropology

ARA - Arabic

ATS - Art Therapy Studies

BIO - Biology

BME - Business and Marketing Education

BSC - University College

BUS - Business

CEL - Community Engaged Learning

CHE - Chemistry

CHI - Chinese

CIS - Computer Information System

COM - Communication

CRJ - Criminal Justice

CRS - International Center for Studies in Creativity

CTE - Career and Technical Education

CWP - College Writing Program

DAN - Dance

DES - Design

DMP - Digital Music Production

ECO - Economics

EDU - Education

ELS - English Language Secondary

ENG - English

ENS - Environmental Science

ENT - Engineering Technology

ESL - English Second Language

EWS - Education Workshops

EXE - Exceptional Education

FAR - Fine Arts

FCS - Family and Consumer Sciences Education

FIN - Finance

FLE - Foreign Language Education

FOR - Forensic Science

FRE - French

FTT - Fashion and Textile Technology

GEG - Geography

GER - German

GES - Geosciences

GRK - Greek

GST - Global Studies

HEW - Health and Wellness

HIS - History

HON - All College Honors Program

HPR - Coaching and Physical Education

HTR - Hospitality and Tourism

HUM - Humanities

IDE - Interior Design

INS - Individualized Studies

ITA - Italian

LAT - Latin

LIB - Library

MAT - Mathematics

MCL - Modern and Classical Languages

MED - Mathematics Education

MST - Museum Studies

MUS - Music

NFS - Dietetics and Nutrition

PAD - Public Administration

PHI - Philosophy

PHY - Physics

PLN - Planning

PSC - Political Science

PSY - Psychology

REL - Religious Studies

SAF - Safety Studies

SCI - Science

SED - Science Education

SLP - Speech Language Pathology

SOC - Sociology

SPA - Spanish

SPC - Speech Communication

SPF - Social Psychological Foundations

SSE - Social Studies Education

SWK - Social Work

TEC - Technology

TED - Technology Education

TFA - Television and Film Arts

THA - Theater Arts

UNC - University College

WGS - Women and Gender Studies