2023-2024 Catalog [ARCHIVED CATALOG]
Management and Business Economics
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UC Merced’s Management and Business Economics major responds to the growing demands and needs of the modern business world. The major provides rigorous analytical and quantitative training from a blend of fields including accounting, economics, finance, marketing, and strategy. Today’s managers tackle issues that involve a number of management functions and do not always fit neatly into subject areas. The UC Merced approach is to integrate key ideas and approaches from across subject areas to evaluate and understand all the dimensions of a given issue. Creativity, innovation and entrepreneurship are emphasized.
The Management and Business Economics major prepares students for a broad range of management-related careers. The major reflects the demands of private and public sector organizations for employees who are trained in analytical and quantitative decision-making, who work effectively in teams and on projects, who are comfortable in various cultures, who are “well rounded” in sciences and humanities, and who have learned the art of self-directed learning. The curriculum provides a strong foundation in analysis and problem solving across a wide spectrum of management activities and promotes reasoning skills and critical analysis as required in a modern, volatile business environment. The theoretical underpinning for the undergraduate program comes from business economics and management disciplines that use tools and techniques based on applied mathematics and statistics to solve problems in virtually all areas of business operations. The typical undergraduate student develops skills to build quantitative models of complex operations in competitive and in imperfect markets and be able to use these models to facilitate decision-making.
Programs
Management and Business Economics Program Learning Outcomes
Upon graduation, students majoring in Management and Business Economics will:
- Describe the underlying economic incentives and tradeoffs associated with the decisions made by individuals, firms, organizations, institutions and governments.
- Apply theories and concepts from disciplines in Management and Business Economics (e.g. accounting, economics, statistics, finance, and marketing) to business management situations.
- Communicate clearly and cogently in written and oral form within professional and academic environments.
- Design and conduct research that can inform managerial and economic policymaking by collecting, analyzing and interpreting data using relevant software.
- Describe and evaluate the relevant ethical and social issues associated with different economic and business ventures.
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