Students must complete University requirements, General Education requirements, Major requirements, and any additional credential requirements in order to graduate. Please pay special attention to your specific program sections below, which include lists of required courses as well as upper-level elective suggestions.
- 120 credits (minimum) to graduate. In-progress courses do not count in this total.
- Minimum cumulative grade point average of 2.0.
- 45 credits in residence.
- Completion of General Education Requirements
Please visit: https://www.umass.edu/gened/students/fulfilling-requirements for the full requirements
View the Managerial Economics Checksheet
Managerial Economics majors complete 12 departmental core courses which serve as a foundation in economic theory, quantitative methods, and communication skills. The 10 upper-level courses consist of six required courses designed to build competency in accounting, management, finance, industrial organization, public policy, and managerial decision making and four upper-level required electives.
A B.S. in Managerial Economics is considered a STEM degree for the purposes of Optional Practical Training (OPT).
- Foundational Requirements
- Math 127 (Calculus for Life and Social Sciences) or Math 131 (Calculus I)
- Res-Econ 102 (Intro to Resource Economics) or Econ 103 (Principles of Microeconomics)
- Econ 104 (Principles of Macroeconomics)
- Res-Econ 106 (Economics is Everywhere) or Res-Econ 107 (Hunger in the Global Economy) or Res-Econ 262 (Environmental Economics) or Res-Econ 263 (Natural Resource Economics)
- Res-Econ 112 (Computing: Foundations to Frontiers)
- Res-Econ 212 (Intro to Statistics for the Social Sciences) or Statistc 240 (Intro to Statistics)
- Intermediate Requirements
- Res-Econ 202 (Price Theory) or Econ 203 (Intermediate Microeconomics)
- Econ 204 (Intermediate Macroeconomics)
- Res-Econ 213 (Intermediate Statistics for Business and Economics)
- Res-Econ 313 (Decision Analysis)
- Accountg 221 (Intro to Financial Accounting)
- Managmnt 301 (Principles of Management)
- Res-Econ 323 (Financial Analysis for Consumers and Firms) or Finance 301 (Corporate Finance)
- Res-Econ 303 (Writing in Economics—Junior Year Writing)
- Managerial Economics Upper-Level Requirements
- Res-Econ 394LI (Life is Full of Choices—IE Seminar)
- Res-Econ 452 (Industrial Organization)
- Res-Econ 453 (Public Policy in Private Markets)
- Res-Econ 428 (Managerial Economics)
- Upper-Level Elective Courses (4 total)
The goal of the four upper-level required elective courses is to add depth and/or breadth to the curriculum of the major. Courses taken to add depth will allow students to develop a specialization and/or acquire certain skills in a specific area of interest within their major. Courses taken to add breadth will allow students to touch on topics related to their major. All courses should be selected in conjunction with an advisor.
- 1 upper-level (300-level or higher) course within the departments of Resource Economics or Economics.
- 1 upper-level (300-level or higher) course from the College of Social and Behavioral Sciences (SBS): (Anthropology, Communication, Economics, Journalism, Landscape Architecture, Legal Studies, Political Science, Public Policy, Resource Economics, Social Thought & Political Economy , Sociology, Sustainable Community Development).
- 2 upper-level (300-level or higher) courses from any department/college. Will also allow Math 233 or 235 to fill this requirement.
- Important Notes:
- A maximum of 2 courses may be applied from transfer credits. The remainder of the upper-level requirements must be taken through UMass Amherst (this includes UWW, UMass-approved Study Abroad Program courses, and Five College Consortium courses).
- The courses must be graded to count – no pass/fail grades will be allowed. This means all internships are excluded, and independent studies may be included only if the experience is chosen to be graded as opposed to pass/fail.
- At least one of these courses is encouraged to be quantitative in nature (this would include courses within the department of Resource Economics or coursework in Math/Statistics/Computer Science/Informatics/IT, etc.), particularly if you hope to go on to graduate study.
- While course options are broad for your upper-level requirements, if you are interested in a particular focus, we encourage incorporating the suggestions in different focus areas
- If you select a focus area, you may list on your resume a BS in Managerial Economics: Health Economics Focus (ex.)
View Managerial Economics Sample Upper-Level Electives
- Additional Recommended Courses (Not Requirements)
- For students considering a graduate study in Resource Economics or Economics, the following courses are strongly recommended:
- Math 132 (Calculus II)
- Math 233 (Multivariate Calculus)
- Math 235 (Introduction to Linear Algebra)
- Res-Econ 312 (Introductory Econometrics)
- For students considering a graduate study in Resource Economics or Economics, the following courses are strongly recommended:
- Other Departmental Requirements
- Departmental requirements may not be taken pass/fail.
- The cumulative grade point average of all courses taken to satisfy departmental requirements must be 2.0 or better.
- The student is responsible for following and completing departmental requirements.
- Any exception to departmental requirements must be approved by your academic advisor.
Environmental & Natural Resource Economics majors complete twelve departmental core courses which serve as a foundation in economic theory, quantitative methods, and communication skills. The ten upper-level courses consist of five courses related to environmental and natural resource issues and five upper-level required electives.
A B.S. in Resource Economics is considered a STEM degree for the purposes of Optional Practical Training (OPT).
- Foundational Requirements
- Math 127 (Calculus for Life and Social Sciences) or Math 131 (Calculus I)
- Res-Econ 102 (Intro to Resource Economics) or Econ 103 (Principles of Microeconomics)
- Econ 104 (Principles of Macroeconomics)
- Res-Econ 106 (Economics is Everywhere) or Res-Econ 107 (Hunger in the Global Economy)
- Res-Econ 112 (Computing: Foundations to Frontiers)
- Res-Econ 212 (Intro to Statistics for the Social Sciences) or Statistc 240 (Intro to Statistics)
- Intermediate Requirements
- Res-Econ 202 (Price Theory) or Econ 203 (Intermediate Microeconomics)
- Econ 204 (Intermediate Macroeconomics)
- Res-Econ 213 (Intermediate Statistics for Business and Economics)
- Res-Econ 313 (Decision Analysis)
- Res-Econ 262 (Environmental Economics)
- Res-Econ 263 (Natural Resource Economics)
- Take One Policy Course: Res-Econ 360 (Economic Development & The Environment), Res-Econ 363 (Economics of Water Policy), SPP 309/NRC 309 (Natural Resource Policy and Admin), Polisci 383 (Energy Policy), Envirsci 213 (Intro to Environmental Policy),
- Res-Econ 303 (Writing in Economics—Junior Year Writing)
- Resource Economics Upper-Level Requirements
- Res-Econ 394LI (Life is Full of Choices—IE Seminar)
- Res-Econ 471 (Cost-Benefit Analysis)
- Res-Econ 472 (Advanced Topics in Resource and Environmental Economics)
- Upper-Level Elective Courses (5 total):
The goal of the five upper-level required elective courses is to add depth and/or breadth to the curriculum of the major. Courses taken to add depth will allow students to develop a specialization and/or acquire certain skills in a specific area of interest within their major. Courses taken to add breadth will allow students to touch on topics related to their major. All courses should be selected in conjunction with an advisor.
- 1 upper-level (300-level or higher) course within the departments of Resource Economics or Economics.
- 1 upper-level (300-level or higher) course from the College of Social and Behavioral Sciences (SBS): (Anthropology, Communication, Economics, Journalism, Landscape Architecture, Legal Studies, Political Science, Public Policy, Resource Economics, Social Thought & Political Economy, Sociology, Sustainable Community Development)
- 3 upper-level (300-level or higher) courses from any department/college. Will also allow Math 233 or 235 for this requirement.
- Important Notes:
- A maximum of 2 courses may be applied from transfer credits. The remainder of the upper-level requirements must be taken through UMass Amherst (this includes UWW, UMass-approved Study Abroad Program courses, and Five College Consortium courses).
- The courses must be graded to count – no pass/fail grades will be allowed. This means all internships are excluded, and independent studies may be included only if the experience is chosen to be graded as opposed to pass/fail.
- At least one of these courses is encouraged to be quantitative in nature (this would include courses within the department of Resource Economics or coursework in Math/Statistics/Computer Science/Informatics/IT, etc.), particularly if you hope to go on to graduate study.
- While course options are broad for your upper-level requirements, if you are interested in a particular focus, we encourage incorporating the suggestions in different focus areas
- If you select a focus area, you may list on your resume a BS in Environmental & Natural Resource Economics: Health Economics Focus (ex.)
View Environmental & Natural Resource Economics (ENRE) Sample Upper-Level Electives
- Additional Recommended Courses (Not Requirements)
- For students considering a graduate study in Resource Economics or Economics, the following courses are strongly recommended:
- Math 132 (Calculus II)
- Math 233 (Multivariate Calculus)
- Math 235 (Introduction to Linear Algebra)
- Res-Econ 312 (Introductory Econometrics)
- For students considering a graduate study in Resource Economics or Economics, the following courses are strongly recommended:
- Other Departmental Requirements
- Departmental requirements may not be taken pass/fail.
- The cumulative grade point average of all courses taken to satisfy departmental requirements must be 2.0 or better.
- The student is responsible for following and completing departmental requirements.
- Any exception to departmental requirements must be approved by your academic advisor.
The Resource Economics Minor consists of 7 courses:
- 4 Core Requirements
- 3 Upper-Level Requirements
- General Resource Economics Minor - Courses can be completed across all focus areas. With this option, you will list on resume as "Minor in Resource Economics."
- Concentrated with one Focus Area - Students will select one focus area: Environmental & Natural Resource Economics (ENRE), Behavioral/Experimental Economics, Quantitative Economics, Managerial (Industrial Organization) Economics, or Health Economics. With this option, you will list on resume as " Minor in Resource Economics: Health Economics Focus" (Ex.)
| Core Requirements |
|---|
| Res-Econ 102: Intro to Resource Economics |
| Res-Econ 106: Economics is Everywhere or Res-Econ 107: Hunger in a Global Economy |
| Res-Econ 202: Price Theory (pre-req: Math 127 or 131; Res-Econ 102 or Econ 103) |
| Res-Econ 212: Intro to Statistics |
| Upper-Level Requirements |
|---|
| Selected 200+ Course |
| Selected 300+ Course |
| Selected 400+ Course |
About the Resource Economics Minor:
- You may declare a minor in Resource Economics at any time prior to graduation by submitting this form.
- A grade point average of 2.0 or better in the minor is required
- No course toward the minor can be taken on a pass/fail basis
- Transfer credits and course substitutions will be evaluated on an individual basis by your advisor
- Three or more Res-Econ 396 Independent Study credits may be substituted for one focus area requirement (and no more than one) as deemed appropriate by instructor/faculty sponsor and advisor
Note: Students seeking a STEM degree may want to consider selecting Environmental & Natural Resource Economics (ENRE) or Managerial Economics as their primary major. Both majors offer a STEM designated Bachelor of Science with OPT/CPT eligibility.