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Law and Economics Major, B.S. in B.A.

Interdepartmental - B.S. in B.A. degree

Major Map

The Law and Economics major combines the elements of both disciplines - the analytical and decision-making framework provided by economic theory as well as the reasoning and argumentation skills of business law. The modern manager faces legal implications of decision-making in daily operations and in formulating business strategy. Business law courses provide the student with insight into legal institutions, the nature of legal language, the regulatory environment and the legal principles pertaining to property rights, contracts, business organization and commercial relationships. The economic content features the use of problem-solving techniques to develop analytical decision-making skills. Students will gain an appreciation of the preservation of individual rights and methods to evaluate the efficiency of the legal system.

The major is intended for students preparing for a career in the legal profession or those seeking a legal emphasis within their business or liberal arts studies. A student planning to attend law school will receive valuable information on the use of economics in legal applications. A working knowledge of these basic issues also benefits others, e.g. expert witnesses routinely use economic concepts in testimonies.

Contact either the Finance and Law Department or the Economics Department for the names of advisors.

Admission Requirements, Retention & Termination Standards

  1. A student must first be admitted to Tier 2 Full Admission to Professional Business Studies. See College of Business Administration page for details.
  2. Up to 6 hours may be taken as Credit/No Credit and counted towards the major.
  3. Students are strongly advised to select elective courses in consultation with an Economics or Finance & Law Department advisor

Program Requirements

Additional Common Body of Knowledge in Business Administration Courses (9 hours)

BUS 100Essential Business Skills

3(3-0)

BUS 300QRApplied Business Statistics

3(3-0)

MGT 499Integrated Capstone-Strategic Management

3(3-0)

Required Courses (12 hours)

BLR 302Law of Agreements

3(3-0)

BLR 350/ECO 350Law and Economics_

3(3-0)

BLR 410Regulatory Law

3(3-0)

ECO 365Intermediate Microeconomic Theory

3(3-0)

Electives (12 hours)

 

Electives I - Economics (6 hours)

6 hours of electives in Economics at the 300-level or above in addition to the required courses.

Electives II - Business Law and Regulation (6 hours)

6 hours from any BLR course 300-level or above in addition to the required courses, excluding BLR 365.

Total: 33 semester hours