Mar 28, 2024  
2015-2016 Undergraduate Catalog 
    
2015-2016 Undergraduate Catalog [ARCHIVED CATALOG]

Economics BS, Managerial Economics Specialization


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Economics Foundation Requirements


Students must apply and be admitted to the major. Admission will be determined by the grades earned in the Economic Foundation and appropriate specialization pre-admission courses.

Admission Information


Coursework counting toward the major cannot be taken credit/no credit by economics majors. Double majors are available. Interested students should consult with their advisor or the department chair for details prior to enrolling.

The economics faculty has determined the following objectives which apply to all BS economics graduates:

  • Students completing an economics degree will possess the tools which enable them to analyze and understand macro and micro economic problems and policies.
  • Students will possess qualifications and knowledge which will help them to find employment in fields related to economics.
  • Students will acquire and be able to use basic tools to enable them to carry out quantitatively oriented tasks in their employment or their field of graduate studies.
  • Students completing the program should possess the communication and economic skills desirable in their future employment or graduate studies.

Additional Admission Information


A cumulative grade point average of 2.5 in the economics foundation requirements must be achieved with a minimum grade of C- (1.70) in each course. The credit/no credit option will not be accepted for any of these courses. The student must have earned a minimum cumulative GPA of 2.0 in all collegiate study. These criteria also apply to equivalent courses transferred from other institutions. Applicants must have also completed ENG 101 and 102.

Students who have met all the above requirements will be admitted unless the number of eligible applicants exceeds available spaces. In that case, acceptance will be competitive, based on a selection index. Students who have not met all of the above requirements may be admitted provisionally by permission of the college dean or designee.

Select one of the following for 5 credits:


Economics Foundation Core Requirements Total Credits: 25


Managerial Economics Specialization


This specialization is for students with an interest in both public and private sector employment and preparation for law school. Highly recommended supporting courses: MATH 170 or MATH 172. The managerial economics specialization can be used as part of a double major. See your advisor for details.

Total Pre-admission Requirement Credits: 15


Total Required Courses Credits: 29-30


Department-approved electives selected from the following:


  • 300- to 400-level economics courses (except ECON 396, ECON 490, ECON 496) Credits: (15)
  • Other 300- to 400-level accounting, business administration, and economics courses Credits: (5)

Total Elective Credits: 20


Total Credits: 89-90


Economics Department Information


College of Business
Ellensburg
Shaw-Smyser Hall, room 413
Mail Stop 7486
509-963-2664
Fax: 509-963-1992
www.cwu.edu/economics
    See the website for how these programs may be used for educational and career purposes.

Faculty and Staff
Chair
Carlo D. Smith, PhD

Professors
Robert J. Carbaugh, PhD
Koushik Ghosh, PhD
David W. Hedrick, PhD
Peter J. Saunders, PhD
Charles S. Wassell Jr., PhD

Assistant Professor
Toni Sipic, PhD

Staff
Shirley Hood, secretary senior 

Department Information
Positions of responsibility in today’s world are usually held by individuals who have the capacity to analyze complex problems and make intelligent decisions. Learning economics will help students think logically and improve their ability to use economic concepts to analyze “real world” problems and opportunities. In addition to preparation for business and government agency employment, an economics major is excellent preparation for law schools, master’s of business administration programs, and graduate programs in economics, agricultural economics, and natural resource management. The economics department offers a Bachelor of Science degree in economics with specializations in managerial economics, general economics, and economic and business forecasting. Economics minors are offered to complement accounting, business administration, and other majors.

The BS economics major is comprised of the following components:

  • Pre-admission courses providing necessary theoretical and quantitative skills to pursue studies in economics
  • Core courses in both micro and macro economic theory
  • A choice of supporting courses for each of the three economics major specializations

Transfer Credits
Equivalent lower-division (100-200 level) courses may be transferred toward meeting the pre-admission requirements for any BS degree in the College of Business.

Upper-division (300-400 level) courses may be transferred toward meeting the major requirements only with the approval of the department chair and the college dean or designee.

Transfer students must earn a minimum of 45 quarter credits at CWU to be eligible for the BS economics degree. Transfer students earning less than 45 quarter credits in their major at CWU must receive approval from the college dean prior to graduation.

Service to Other Majors
Students majoring outside the College of Business who are required to take courses in this college for either their major or minor will be eligible to enroll on a space-available basis. These students will be given priority over other non-college majors wishing to enroll in courses.

Admission Information
A cumulative grade point average of 2.5 in the economics foundation requirements must be achieved with a minimum grade of C- (1.70) in each course. The credit/no credit option will not be accepted for any of these courses. The student must have earned a minimum cumulative GPA of 2.0 in all collegiate study. These criteria also apply to equivalent courses transferred from other institutions. Applicants must have also completed ENG 101 and 102.

Students who have met all the above requirements will be admitted unless the number of eligible applicants exceeds available spaces. In that case, acceptance will be competitive, based on a selection index. Students who have not met all of the above requirements may be admitted provisionally by permission of the college dean or designee.

Graduation Requirements for all Department Specializations
A cumulative grade point average of 2.25 in the above courses must be achieved with a minimum grade of C- in each course. The credit/no credit option will not be accepted for any of these courses. The student must have earned a minimum cumulative GPA of 2.25 in all collegiate study. These criteria also apply to equivalent courses transferred from other institutions.

Graduation Requirements for Economics I and II Minors
A cumulative grade point average of 2.25 in the above courses must be achieved with a minimum grade of C- in each course. The credit/no credit option will not be accepted for any of these courses. The student must have earned a minimum cumulative GPA of 2.25 in all collegiate study. These criteria also apply to equivalent courses transferred from other institutions.

College of Business Information


Administration and Organization

Dean
Kathryn Martell, PhD (Shaw-Smyser Hall, room 129)

Associate Dean
Jeffrey Stinson, PhD (Shaw-Smyser Hall,
room 126)
Mail Stop 7487
509-963-1955
Fax: 509-963-3042
www.cwu.edu/business

Vision
CWU’s College of Business will be recognized as a premier learning community creating an environment in which students, faculty, and staff reach their full potential.

Mission
CWU’s College of Business faculty and staff create value and opportunity for our students by focusing on quality in undergraduate education at the Ellensburg campus and university centers in the Puget Sound and central regions of Washington State. We accomplish this through emphasis on excellence in teaching, strengthened by faculty research and supported by professional service.

Our Shared Values
The faculty and staff of the CB share a set of core beliefs and commitments.

We believe in:
• Student success
• Lifelong learning
• Integrity and ethical behavior
• Excellence

We commit ourselves to:
• Prepare students for the future
• Impart knowledge on which students can build
• Treat everyone with respect and fairness
• Exemplify our values by serving as teachers and role models
• Maintain currency in our academic disciplines and professional fields
• Engage in scholarly activities that contribute to the body of knowledge in our disciplines

Statement of Conduct
The College of Business is a learning community committed to a set of core values based on integrity, respect, and responsibility that guide our interactions.

Integrity: The quality of possessing and steadfastly adhering to high moral principles or professional standards.

Respect: To show consideration or thoughtfulness in relation to others.

Responsibility: The state, fact, or position of being accountable and responsible.

Code of Honor
As College of Business students we pledge to uphold these standards of professionalism and conduct ourselves in accordance with them. We will not lie, cheat, or steal, and will not tolerate those who do. Our behavior defines who we are and what we will become.

Programs
The College of Business offers programs leading to the Bachelor of Science degree in the following areas:

• Bachelor of Science, Accounting

• Bachelor of Science, Business Administration with specializations in:

Finance
General Business
Human Resource Management
Leadership and Management
Marketing Management
Supply Chain Management

• Bachelor of Science, Economics with specializations in:

Economic and Business Forecasting
General Economics
Managerial Economics
 

The College of Business offers minors in:

Accounting
Business Administration
Finance
Human Resource Management
Sport Business

The College of Business offers certificate programs in:

Accounting
Sport Business
Supply Chain Management

The college also offers a Master of Professional Accountancy degree through the graduate school. Students may take their junior and senior years of the accounting and business administration programs at two Puget sound-area centers: Lynnwood and Des Moines.

Admission Requirements
Admission requirements to major programs within the College of Business are identical regardless of the location of the program. Students must first be accepted by the university and, if applicable, the university center which they plan to attend. Then, students must formally apply to the College of Business and be admitted to a College of Business Program prior to enrolling in 300- and 400-level courses within the college.

Students must attend a College of Business major orientation to be fully admitted to our majors. Applications are only accepted at new student orientations. The application form must be completed and returned to the appropriate office along with copies of current transcripts.

If a student has met the requirements of admission but has struggled to do so, the College of Business reserves the right to offer conditional admission status for up to 2 quarters and/or 30 credits in order for the student to demonstrate she/he will be successful. Final admission to the College of Business under these circumstances is not guaranteed.

Students must have the below requirements to be admitted to a College of Business major. Students seeking entry to the College without these requirements will be granted pre-major standing.

  • Completion of 30 credits (If a student is a transfer student, credits must be transferable)
  • The applicant must be in good academic standing
  • 2.25 Collegiate GPA
  • Completion of ENG 101 and ENG 102 with a C- or higher, or equivalent
  • Attend a College of Business Orientation

International students whose native language is not English must meet one of the following English proficiency requirements:

  • A score of 71 or above on the Internet-based TOEFL or 525 or above on the paper-based TOEFL (195 for computer based, 71 for internet based), OR
  • A score of 6.0 or above on the International English Language Testing System (IELTS) exam, OR
  • A 3.0 (B grade) or above in each two college-level English composition courses from an accredited United States college or university. Contact the Office of Admissions to find out what courses are acceptable.

Students who have met all of the above requirements will be admitted unless the number of applicants exceeds available space. In that case, acceptance will be competitive, based on a selection index.

Previous or Transfer Coursework Policy
Business courses taken to fulfill the requirements for an undergraduate or graduate degree from the CWU College of Business must have been taken within the last 10 years at the time of graduation. Exceptions may be made, but must be approved prior to acceptance into the College of Business by the department chair and dean or designee.

Students wishing to have credits from non-United States institutions considered for transfer into the College of Business for any major or minor must have their transcripts evaluated through outside credential evaluators who are members of the National Association of Credential Evaluation Services (NACES), such as the Foundation for International Services (FIS), the World Education Service (WES), or Educational Perspectives. Students who intend to pursue the CPA may instead decide to use the NABSA (National Association of State Boards of Accountancy) international evaluation services since it is a requirement of the CPA. Credits for current students participating in a CWU study abroad program will be evaluated by the Office of the Registrar.

Equivalent lower-division (100-200 level) courses may be transferred toward meeting the foundation course requirements for any BS degree in the college. Upper-division (300-400 level) courses may be transferred toward meeting the major requirements only with the approval of the department chair and the college dean (or designee).

Academic Jeopardy Policy
The College of Business is committed to the success of its students. If a student that has been admitted to the College of Business is deemed to be in academic jeopardy, the College of Business may place restrictions on the student. A student is considered in academic jeopardy for the following reasons:

  • On academic warning or probation
  • Frequently withdraws from class
  • Repeating coursework to be successful
  • Has less that a 2.5 (2.499 and below) in any of the required GPAs for graduation.
    • CWU GPA
    • Collegiate GPA (CWU and all transfer coursework combined)
    • Major GPA
    • Upper-division coursework in the major GPA
    • Accounting majors: upper-division Accounting coursework GPA
       

The College of Business may do the following in response to an Academic Jeopardy situation:

  • Limit College of Business coursework in future quarters
  • Require academic advising with both faculty and/or professional advisors
  • Require academic success plans
  • Double majors or double specialization students may be limited to one major plan in the College of Business

If a student is unable to improve academically while receiving intensive advising and support or does not actively participate in required advising, the student may be subjected to the College of Business Separation Policy.

Separation Policy
If a student that has been admitted to the College of Business is placed on academic probation, suspension, received multiple academic warnings, has repeat academic course withdrawals, or whose academic performance is below the necessary grade point averages required to graduate, then the student’s admission into the College of Business may be rescinded. Once rescinded, the student will be denied readmission to the College of Business for one year following which a written petition for readmission must be presented at least 30 days prior to the start of the quarter in which readmission is desired. The decision to readmit will be based on meeting current admission standards, analysis of the entire academic record, as well as any other sources of information deemed appropriate. Readmission is not guaranteed.

Service to Other Majors
Students majoring in programs outside CB who are required to take courses in this college for either their major or minor will be eligible to enroll on a space-available basis. These students will be given priority over other non-college majors wishing to enroll in courses. All students must have taken prerequisites for courses prior to enrollment.

Departments and Programs
Accounting: Marvin Bouillon (Shaw-Smyser Hall, room 340)
Economics: Carlo Smith (Des Moines Center, room 373)
Finance and SCM: Carlo Smith (Des Moines Center, room 373)
Management: Wendy Cook (Des Moines Center, room 370)

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