Department Contact:
Chair: Dr. Angela Seidel, aseidel@francis.edu, 814-472-3076
Program Description:
The Economics (Accelerated MBA), B.S. program not only prepares students in the field of economics but also provides special academic programming and the ability to accelerate the completion of the Master of Business Administration (MBA) program through a 6-credit waiver of MBA course work and by earning 9 credits in partial completion of the undergraduate degree that will fulfill requirements in the MBA program. Upon successful completion of all undergraduate degree requirements, and if all progression standards are met, students will be automatically accepted into the MBA program and will not be required to complete the GMAT exam. Beyond preparing students for enrollment in the graduate MBA program, the program educates students to participate in the decision-making process of allocating scarce resources and prepares them to function as informed and responsible citizens in a free market economy. Specifically, the program is designed for students who seek careers in the financial services industry, such as investment and commercial banking, the federal government, consulting and/or wish to pursue graduate study in economics or business.
In the macroeconomic dimension, students learn the basic forces underlying the economic organization of society, the theory of national income, aggregate supply and demand, unemployment, inflation, taxation, money and banking, and governmental fiscal policy. In the microeconomic realm, students learn the theory of price under various market conditions, economic functions of government, the theory of the firm, and elements of international economics. As a requirement for graduation students are expected to complete an independent research project.
Accreditation Statement:
Saint Francis University has received specialized accreditation for its business programs through the International Accreditation Council for Business Education (IACBE) located at 11374 Strang Line Road, Lenexa, Kansas, 66215; (913) 631-3009; http://iacbe.org/accredited-programs.asp.
Student Learning Outcomes:
The Shields School of Business will graduate students who have the knowledge, skills, love of learning, confidence, drive, and ethical and moral values needed to be spiritually fulfilled in life and successful in professional careers. Upon completion of this program, students are able to:
- Demonstrate, in the Spirit of Saint Francis in the Marketplace, knowledge of the ethical value choices and responsibilities of businesses and business leaders;
- Demonstrate knowledge of the fundamental principles in business in the functional areas of accounting, information systems, finance, management, and marketing;
- Demonstrate knowledge of the legal, social, economic environments of business;
- Demonstrate knowledge of the global dimension of business;
- Integrate the functional areas of business in the process of decision making;
- Demonstrate the ability to professionally communicate.
Admission Requirements:
In addition to common University admission requirements, the program requires the following:
- SAT score of 1,150 or higher in critical reading and math or an ACT composite score of 22 or higher;
- GPA of 3.4 on a 4.0 scale.
Admission Deadline:
The program has rolling admission.
Estimated Completion Time:
Typically 4 years of full-time study
Progression and/or Retention Criteria:
All students in the Economics (Accelerated MBA), B.S. program must meet the following academic requirements in order to have guaranteed admission to the MBA program upon completion of the undergraduate degree requirements. Failure to meet the progression standards will result in dismissal from the major but not the university. This includes all accelerated majors leading to the MBA or MHRM program approved by the University.
- At any time after earning 30 credits, but before earning 60 credits, the student must have achieved a minimum overall cumulative GPA of 2.750. Failure to have achieved this GPA will result in Department Academic Warning.
- At any time after earning 60 credits, but before earning 90 credits, the student must have achieved a minimum overall cumulative GPA of 3.000. Failure to achieve this GPA will result in dismissal from the major.
- At any time after earning 90 credits, and upon graduation from the undergraduate program, the student must have achieved a minimum overall cumulative GPA of 3.200. Failure to achieve this GPA will result in dismissal from the major.
Students dismissed from the Economics (Accelerated MBA) major should contact their academic advisor to select another major. Dismissed students can still apply for admission to the MBA program upon completion of their undergraduate degree however, there is no acceleration option and acceptance is not guaranteed.
Capstone Requirement:
All students complete the three-credit course MGMT401, Strategic Management, which serves as the capstone for all undergraduate business programs. Among other learning experiences, this course includes a simulation that requires students to synthesize and apply learning from across the business domains of accounting, economics, finance, marketing, management, and information systems.
As well, students earning a B.S. in Economics are required to complete ECON 405 Econometrics Senior Seminar which is an integration of all major knowledge from the undergraduate economics courses.
Total Credits Required:
128 credits minimum
Note:
Students in this accelerated program may take up to 9 credits of graduate MBA courses that can be utilized to fulfill both free electives in the undergraduate program and requirements in the MBA program.
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