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Program Overview Undergraduate programs within the Division of Economics and Business include a Major in Economics, a Minor in Economics and Business, and an Area of Special Interest in Economics and Business. The Division also serves the broader CSM community through its offering of Principles of Economics for non-majors, part of the CSM coursework core. The undergraduate program educational objectives for the Division of Economics and Business are: To introduce all CSM undergraduate students to economics and business principles so that they understand the economic and business environments, both national and global, in which they will work and live. To provide those students majoring in economics with a strong foundation in economic theory and analytical techniques, taking advantage of the strong mathematical and quantitative abilities of CSM undergraduate students. To prepare students majoring in economics for the work force, especially in organizations in CSM's areas of traditional strength (engineering, applied science, mathematics and computer science); and for graduate school, especially in economics, business, and law. Undergraduate Major In keeping with the mission of the Colorado School of Mines, the Division offers a Bachelor of Science in Economics. Most economics degrees at other universities are awarded as a Bachelor of Arts, with a strong liberal arts component. Our degree is grounded in mathematics, engineering, and the sciences. Many private companies and public organizations need leaders and managers who understand not only economics and business, but also science and technology. We graduate technologically literate economists with quantitative economics and business skills that give them a competitive advantage in today's economy. Within the B.S. major, students can (but are not required to) choose special concentrations in Business, Global Business, or Resource Economics. All majors take forty-five percent of their courses in math, science, and engineering, including the same core curriculum required of all CSM undergraduates. Majors then take another forty percent of their course work in economics, business, and liberal arts and international studies. They learn about the economy as a whole (macroeconomics), including long-run economic growth and short-run business fluctuations, international trade, and the role of government in a market economy. They study decision making by consumers, businesses, and government in specific sectors of the economy (microeconomics). Students have the opportunity to take accounting, finance, and other business courses as electives. They learn how to use state-of-the-art quantitative techniques to analyze economic and business issues. The remaining fifteen percent of the courses are electives taken in any program at CSM, including certain graduate courses approved by the Division of Economics and Business. Many students complete minor programs in a technical field, such as computer science, engineering, geology, or environmental science. A number of students pursue double majors. For More information on specific courses see Program Requirements. Within the major in Economics, students may choose a special concentration in Global Business or Technology, or simply complete the (default) Economics and Business option. All majors complete forty-five percent of their courses in math, science, and engineering and the same cor courses required of all CSM undergraduates. Students take another forty percent of their courses in economics, business, and the humanities and social sciences more generally. The remaining fifteen percent of courses can be chosen from any field.
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