Major/Minor

The Department of Economics and Business offers three majors: a major in Economics and Business, a major in Economics, and a major in Accounting; four minors: a minor in Business, a minor in economics, a minor in Accounting and a minor in International Business; in addition to a Masters of Arts in Accounting.

Students are not allowed to earn a double-major solely in the Department. Likewise, students who major in Economics and Business, Economics, or Accounting major not minor in Business, Economics, or Accounting, but may minor in International Business. If a student majoring in the Department also chooses to minor in International Business, that student may not double count courses in the last two categories of the International Business minor for satisfaction of the major requirements. 

Majors

Economics and Business

12 courses distributed as follows:

  • BUSI 200 Principles of Accounting I
  • BUSI 201 Principles of Accounting II
  • ECON 200 Principles of Microeconomics
  • ECON 210 Principles of Macroeconomics
  • BUSI 250 Principles of Statistics
  • BUSI 350 Business Law
  • MATH 120 Functions and Models or its equivalent
  • 2 upper-level accounting courses from the following:
    • BUSI 300 Intermediate Accounting I
    • BUSI 310 Intermediate Accounting II
    • BUSI 320 Federal Tax Accounting
    • BUSI 330 Cost Accounting
    • BUSI 370 Auditing
    • BUSI 390 Accounting Information Systems and Database Management
    • BUSI 410 Advanced Cost Accounting
  • 3 upper-level economics courses from the following:
    • ECON 300 Intermediate Microeconomics
    • ECON 310 Intermediate Macroeconomics
    • ECON 320 Money, Banking, and Credit
    • ECON 340 Environmental Economics
    • ECON 350 History of Economic Thought
    • ECON 360 International Economics
    • ECON 370 Industrial Organization
    • ECON 380 Public Finance
    • ECON 385 Labor Economics
    • ECON 400 Econometrics and Forecasting
    • ECON 410 Corporate Finance
    • ECON 430 Management Science
    • ECON 497 Economic Research

Economics

13 courses distributed as follows:

  • BUSI 200 Principles of Accounting I
  • BUSI 201 Principles of Accounting II
  • ECON 200 Principles of Microeconomics
  • ECON 210 Principles of Macroeconomics
  • BUSI 250 Principles of Statistics
  • MATH 120 Functions and Models or its equivalent
  • 2 upper-level business courses from the following:
    • BUSI 300 Intermediate Accounting I
    • BUSI 310 Intermediate Accounting II
    • BUSI 320 Federal Tax Accounting
    • BUSI 330 Cost Accounting
    • BUSI 370 Auditing
    • BUSI 390 Accounting Information Systems and Database Management
    • BUSI 410 Advanced Cost Accounting
  • 5 upper-level economics courses from the following:
    • ECON 300 Intermediate Microeconomics
    • ECON 310 Intermediate Macroeconomics
    • ECON 320 Money, Banking, and Credit
    • ECON 340 Environmental Economics
    • ECON 350 History of Economic Thought
    • ECON 360 International Economics
    • ECON 370 Industrial Organization
    • ECON 380 Public Finance
    • ECON 385 Labor Economics
    • ECON 400 Econometrics and Forecasting
    • ECON 410 Corporate Finance
    • ECON 430 Management Science
    • ECON 497 Economic Research

Accounting

13 courses distributed as follows:

  • BUSI 200 Principles of Accounting I
  • BUSI 201 Principles of Accounting II
  • ECON 200 Principles of Microeconomics
  • ECON 210 Principles of Macroeconomics
  • BUSI 250 Principles of Statistics
  • MATH 120 Functions and Models or its equivalent
  • ECON 410 Corporate Finance
  • 4 upper-level accounting courses from the following:
    • BUSI 300 Intermediate Accounting I
    • BUSI 310 Intermediate Accounting II
    • BUSI 320 Federal Tax Accounting
    • BUSI 330 Cost Accounting
    • BUSI 370 Auditing
    • BUSI 390 Accounting Information Systems and Database Management
    • BUSI 410 Advanced Cost Accounting
  • 2 upper-level economics courses from the following:
    • ECON 300 Intermediate Microeconomics
    • ECON 310 Intermediate Macroeconomics
    • ECON 320 Money, Banking, and Credit
    • ECON 340 Environmental Economics
    • ECON 350 History of Economic Thought
    • ECON 360 International Economics
    • ECON 370 Industrial Organization
    • ECON 380 Public Finance
    • ECON 385 Labor Economics
    • ECON 400 Econometrics and Forecasting
    • ECON 430 Management Science
    • ECON 497 Economic Research

Senior Capstone Experience

The Senior Capstone Experience for the accounting major, the economics major, and the economics and business major may be accomplished in one of four ways:

  • Completion of the course ECON 497 Economic Research with a grade of "C" or above;
  • Completion of the course BUSI 497 Corporate Strategy with a grade of "C" or above; or
  • Passing a comprehensive written examination with three parts: (1) BUSI 200, 210 Principles of Accounting I and II; (2) ECON 200 Principles of Microeconomics and ECON 210 Principles of Macroeconomics; and (3) a concentration based on two upper-level courses, both of which are either accounting or economics courses.
  • Successful completion of an economic research project in conjunction with the Baker Prize in Economics.
    • The Baker Prize in Economics is awarded in the spring to a rising senior majoring in the Economics and Business Department.  Students compete for this award by submitting a proposal for an economic research project over the following summer under the supervision of a Hendrix College Economics Professor. The Baker Prize winner receives a stipend, and the completed research project can be use to satisfy the senior capstone requirement as well as an Odyssey undergraduate research (UR) credit.

Minors

Business

6 courses from the following

  • BUSI 200 Principles of Accounting I
  • BUSI 201 Principles of Accounting II
  • ECON 200 Principles of Microeconomics
  • BUSI 350 Business Law
  • MATH 120 Functions and Models or its equivalent
  • 1 course from the following
  • BUSI 290 International Marketing
  • BUSI 300 Intermediate Accounting I
  • BUSI 310 Intermediate Accounting II
  • BUSI 320 Federal Tax Accounting
  • BUSI 330 Cost Accounting
  • BUSI 390 Accounting Information Systems and Database Management
  • ECON 320 Money, Banking, and Credit
  • ECON 340 Environmental Economics
  • ECON 370 Industrial Organization
  • ECON 385 Labor Economics
  • ECON 410 Corporate Finance
  • ECON 430 Management Science

Economics

6 economics courses from the following:

  • ECON 100 Survey of Economic Issues
  • ECON 200 Principles of Microeconomics
  • ECON 210 Principles of Macroeconomics
  • ECON 300 Intermediate Microeconomics
  • ECON 310 Intermediate Macroeconomics
  • ECON 320 Money, Banking, and Credit
  • ECON 340 Environmental Economics
  • ECON 350 History of Economic Thought
  • ECON 360 International Economics
  • ECON 370 Industrial Organization
  • ECON 380 Public Finance
  • ECON 385 Labor Economics
  • ECON 390 Investments
  • ECON 400 Econometrics and Forecasting
  • ECON 410 Corporate Finance
  • ECON 430 Management Science
  • ECON 497 Economic Research

Accounting

6 courses distributed as follows:

  • 5 accounting courses from the following:
    • BUSI 100 Contemporary Issues in Business and Entrepreneurship
    • BUSI 200 Principles of Accounting I
    • BUSI 201 Principles of Accounting II
    • BUSI 300 Intermediate Accounting I
    • BUSI 310 Intermediate Accounting II
    • BUSI 320 Federal Tax Accounting
    • BUSI 330 Cost Accounting
    • BUSI 370 Auditing
    • BUSI 390 Accounting Information Systems and Database Management
    • BUSI 410 Advanced Cost Accounting
  • ECON 200 Principles of Microeconomics

International Business

6 courses distributed as follows:

  • BUSI 200 Principles of Accounting I
  • ECON 200 Principles of Microeconomics
  • ECON 210 Principles of Macroeconomics
  • 2 of the following:
    • BUSI 280 Global Business
    • BUSI 290 International Marketing
    • ECON 335 International Finance
    • ECON 360 International Economics
  • 1 upper-level study abroad economics or business course (excluding those taken in the third bulleted section under International Business above) or one study abroad internship. (An internship may be conducted in an international department of a domestic company.)

Note: Students majoring in the Economics and Business Department may not double count courses in the last two bulleted sections under International Business above for satisfaction of major requirements.