Business is the study of how organizations efficiently manage workers to achieve certain goals. It is a multifaceted discipline that applies the principles of economics, quantitative techniques, and organizational behavior to the study of decision-making and problem-solving in organizations. This field has evolved to include the study of how organizations maximize their primary objectives while living up to their social, ethical, environmental, and civic responsibilities.
Allegheny’s Business major is designed to help students gain a deep knowledge of the managerial and business concepts typically used by the business and non-profit world. The program also focuses on the tools, skills, and competencies needed to solve practical problems faced by organizations.
Business Learning Outcomes
Students who successfully complete a Business major will:
- Gain a deep knowledge of the managerial and business concepts typically used by the business and nonprofit world.
- Acquire the tools, skills, and competencies needed to solve practical problems faced by business organizations and nonprofit institutions.
- Understand some of the mechanisms and conduits through which business can contribute to social welfare, including business ethics, public policy corporate responsibility, corporate citizenship, and environmental sustainability.
- Gain the ability to read, evaluate and interpret financial statements.
- Significantly improve their ability to communicate business information, as well as write business reports that are intelligible to a lay audience.
- Through experiential learning programs, recognize the relationship between business and society by learning about contentious issues in society and the global economy.
Business majors are required to have a GPA of at least 2.0 in the major. Only courses taken at Allegheny on a letter grade basis are included in the GPA calculation. For repeated courses, only the most recent grade is included. All courses required for the major must be taken on a letter grade basis except one of the introductory courses (ECON 100 or ECON 101). Students may present a total of 12 semester hours of transfer credit toward the major; exceptions must be approved by the department chair.
The major in Business leads to the Bachelor of Arts degree and requires successful completion of at least 52 semester credit hours of coursework, distributed as follows, and a department-approved experiential learning activity.
Four Introductory Courses
- ECON 100 Introduction to Microeconomics
- ECON 101 Introduction to Macroeconomics
- ECON 240 Introduction to Business & Managerial Economics
- ECON 285 Fundamentals of Financial Accounting
Two Theory Courses
- ECON 200 Microeconomic Theory or ECON 201 Macroeconomic Theory
- ECON 202 Economic Statistics
One Course in Fundamentals of Business
To be chosen from:
- ECON 226 Money and Financial Institutions
- ECON 227 Introduction to Finance
- ECON 228 Principles of Marketing
- ECON 229 Advertising I
- ECON 234 Human Resource Management
- ECON 280 Economics of Entrepreneurship I
- ECON 281 Nonprofit Management & Social Entrepreneurship
- ECON 286 Fundamentals of Managerial Accounting
One Course in Applied Quantitative Techniques
- ECON 440 Advanced Business Economics
One Course in Advanced Topics in Business
To be chosen from:
- CMPSC 322 Data Analytics
- ECON 380 Economics of Entrepreneurship II
- ECON 385 Intermediate Accounting
- ECON 386 Cost Accounting
- ECON 427 Theory of Finance
- ECON 428 Advanced Marketing
- ECON 429 Advertising II
- ECON 451 International Business
- PSYCH 466 Industrial/Organizational Psychology
Sustainability and Business
Take two courses from the following themes, one from each category. Students are also expected to complete a department-approved experiential learning activity.
To be chosen from:
- COMRT 145 Foundations of Rhetoric and Public Communication
- COMRT 235 Advanced Public Speaking
- ENGL 110 Reading Literature
- FRNCH 225 Exploring Genre: Poems, Prose, Plays
- SPAN 225 Hispanic Texts
Reasoning and Ethical Thinking
To be chosen from:
- PHIL 140 Ethics and Community
- PHIL 210 Oppression and Liberation
- PHIL 285 Business and Management Ethics
- PHIL 310 Global Justice
Advising Note: The relationship between business and nonbusiness courses is very complex. Students are strongly encouraged to take advantage of the Roadmap for Business Majors advising handbook that has been designed by the Economics Department to help students navigate the various pathways possible for business majors. In particular, students should consult with their advisors to identify nonbusiness courses that best fit a student’s educational goals.
Through advising, students will be guided to select an appropriate experiential learning activity to satisfy this expectation. Students are required to obtain the approval of their advisors before embarking on any of the experiential learning activities to be counted under this expectation.
- (ECON 570-ECON 589). Typically taken in the first semester of the senior year.
The Senior Project
- BUS 620. Typically taken in the second semester of the senior year.
- The Business major is open only to students who matriculate at Allegheny beginning in Fall 2018 and after. Students who matriculated before then may pursue the Business Economics track in the Economics major.
- Students intending to major in Business are advised that ECON 200, ECON 201, ECON 202 and ECON 440 are calculus-based, and are strongly encouraged to take MATH 157 or MATH 160.
- Students who major in Business may not double-major in Economics or minor in Economics.
- Students can develop skills in international business by either double-majoring or minoring in a modern language and combining it with a business major. Allegheny offers majors in French, German, and Spanish and minors in Chinese, French, German, and Spanish.