Managerial Economics, Bachelor of Science College of Agricultural & Environmental Sciences
The Major Program
The Managerial Economics major at UC Davis is a disciplinary program combining strong preparation in microeconomic theory and quantitative methods. It prepares students for the analysis of management and policy issues in business, finance, marketing, production, agriculture, food distribution, natural resources, the environment, resource allocation, and international trade and development. Students in the Managerial Economics program develop valuable skills and strengths that lead to careers in business and government. Students specialize in one or more emphases selected from the following:
- Business Economics focuses on the economic aspects of managerial decision-making essential for solving problems in business, management, marketing, and finance.
- International Business Economics explores the economic drivers and policy challenges in the major emerging markets and focuses on how these markets are impacting the world economy.
- Environmental & Resource Economics concentrates on issues related to the use of resources and environmental quality.
- Agribusiness Economics focuses on the economic and policy aspects of the production and marketing of foods and fibers.
Major Advisor
Contact Managerial Economics Student Services at manecon@ucdavis.edu or 530-754-9536.
Internships & Career Alternatives
Internships for students in Managerial Economics provide additional career experience, information, and preparation in a variety of business enterprises and governmental agencies. For more information, see Internship & Career Center. Managerial Economics majors have established careers in every area of business and industry, including marketing, analysis, consulting, financial services, accounting, entrepreneurship, real estate and government. Many graduates have entered advanced degree programs in business management, accounting, finance, agricultural and resource economics, economics, public policy, and law.
Study Abroad
The Agricultural & Resource Economics department encourages students to complement their Managerial Economics degree with a study abroad experience. Students must seek pre-approval from a Managerial Economics staff advisor for major-related courses. A total of two upper-division courses (maximum four units each) may be applied to major requirements. However, core courses (ARE 100A, ARE 100B, ARE 106, ARE 155, and ECN 101) are excluded. Students are expected to complete ARE 100A and STA 103 prior to taking upper-division classes abroad for the major.
Domestic Institutions
Upper-division coursework taken at other four-year institutions for credit in the major must be reviewed by the Managerial Economics Lead Faculty Advisor.
Graduate Study
Students who meet the admission requirements of Graduate Studies and the Department of Agricultural and Resource Economics may pursue studies leading to M.S. and Ph.D. degrees. For information on admission to graduate study and degree requirements, consult the Graduate Program Coordinator in the Department of Agricultural & Resource Economics.
The major requirements below are in addition to meeting University Degree Requirements & College Degree Requirements; unless otherwise noted. The minimum number of units required for the Managerial Economics Bachelor of Science is 100.
| Code | Title | Units |
|---|---|---|
| Major English Requirements | ||
| The following must be completed with minimum C- (or PASS) grades. | ||
| Communication; choose one: | 4 | |
| Introduction to Public Speaking | ||
OR | ||
| Interpersonal Communication Competence | ||
or CMN 003Y | Interpersonal Communication Competence | |
or CMN 003V | Interpersonal Communication Competence | |
| Business Writing; choose one: | 4 | |
| Writing in the Professions: Business Writing 1,2 | ||
or UWP 104AV | Writing in the Professions: Business Writing | |
or UWP 104AY | Writing in the Professions: Business Writing | |
| Major English Requirements Subtotal | 8 | |
| Preparatory Subject Matter | ||
| All lower-division preparatory coursework must be completed with minimum C- (or PASS) grades; however, STA 103 must be taken for a letter grade. | ||
| Business Law | 4 | |
| Business Law | ||
| Management (Accounting) | 8 | |
| Elementary Accounting | ||
| Elementary Accounting | ||
| Economics | 8 | |
| Principles of Microeconomics | ||
or ECN 001AV | Principles of Microeconomics | |
or ECN 001AY | Principles of Microeconomics | |
| Principles of Macroeconomics | ||
or ECN 001BV | Principles of Macroeconomics | |
| Mathematics; choose a series: | 12-13 | |
| The preferred calculus series for Managerial Economics majors is MAT 019. The MAT 016 seres is accepted if started prior to Fall 2024. PLS 021, PLS 021V, or ECS 032A is required with the MAT 016 series. | ||
| Choose 019 series, 12 units: | ||
| Calculus for Data-Driven Applications and Calculus for Data-Driven Applications and Calculus for Data-Driven Applications | ||
| OR choose 016 series with Computer Science, 12-13 units: | ||
| Short Calculus and Short Calculus and Short Calculus | ||
AND one computer science course: | ||
| Application of Computers in Technology | ||
or PLS 021V | Application of Computers in Technology | |
or ECS 032A | Introduction to Programming | |
| OR choose 017 series, 12 units: | ||
| Calculus for Biology & Medicine and Calculus for Biology & Medicine and Calculus for Biology & Medicine | ||
| OR choose 021 series, 12 units: | ||
| Calculus and Calculus and Calculus | ||
| Statistics | 8 | |
| Elementary Statistics | ||
or STA 013Y | Elementary Statistics | |
or STA 032 | Gateway to Statistical Data Science | |
| Applied Statistics for Business & Economics (Must be taken for a letter grade.) | ||
| Preparatory Subject Matter Subtotal | 40-41 | |
| Depth Subject Matter | ||
| Core Courses | 20 | |
All core courses must be taken for a letter grade. It is recommended that students complete core courses during their third year. | ||
| Intermediate Microeconomics: Theory of Production & Consumption (Must be completed with a minimum grade of C-.) 3 | ||
| Intermediate Microeconomics: Imperfect Competition, Markets & Welfare Economics 4 | ||
| Econometric Theory & Applications | ||
| Operations Research & Management Science | ||
| Intermediate Macro Theory | ||
| Restricted Electives; choose at least one of the emphases, below: | 32 | |
| Depth Subject Matter Subtotal | 52 | |
| Total Units | 100-101 | |
- 1
May also count for English Composition.
- 2
The upper-division composition exam will not satisfy this requirement.
- 3
Note: ECN 100A is not accepted.
- 4
Note: ECN 100B is not accepted.
Exceptions to All Emphases
The following courses do not apply toward any emphasis:
| Code | Title | Units |
|---|---|---|
| ARE 113 | Fundamentals of Marketing Management | 4 |
| ARE 135 | Agribusiness Marketing Plan Development | 2 |
| ARE 142 | Personal Finance | 3 |
| ARE 147 | Resource & Environment Policy Analysis | 3 |
| ARE 147M | Resource & Environmental Policy Analysis | 2 |
| ECN 102 | Analysis of Economic Data | 4 |
| ECN 134 | Financial Economics | 4 |
| ECN 140 | Econometrics | 4 |
| ECN 151A | Economics of the Labor Market | 4 |
| ECN 162 | International Economic Relations | 4 |
Completing More Than One Emphasis
Courses may overlap between emphases. Requirements must be fulfilled as outlined in each emphasis with a minimum of 32 units.
Major GPA
Students must attain a major GPA of at least a C average (2.000) in courses taken for depth subject matter (core and restricted electives). These courses must be taken for a letter grade. All restricted elective courses taken will be calculated as part of the major GPA, including courses with F grades that have not been repeated.
Business Economics Emphasis
| Code | Title | Units |
|---|---|---|
| All restricted electives must be taken for a letter grade. | ||
| Choose 16 units: | 16 | |
| Econometrics for Business Decisions | ||
| Fundamentals of Organization Management | ||
| Tax Accounting | ||
| Intermediate Managerial Accounting | ||
| Managerial Marketing | ||
| Analysis for Operations & Production Management | ||
| Principles of Finance 1 | ||
| Financial Management of the Firm 2 | ||
| Capital Markets | ||
| Choose remaining 16 units from the above list or from: | 16 | |
| Economic Development | ||
| Economic Development | ||
| Agricultural Markets | ||
| Cooperative Business Enterprises | ||
| Introduction to Behavioral Economics | ||
| International Commodity & Resource Markets | ||
| Futures & Options Markets | ||
| Farm Management | ||
| Investments | ||
| Real Estate Economics | ||
| Farm & Rural Resources Appraisal | ||
| Business, Government Regulation, & Society | ||
| Agricultural Labor | ||
| Introduction to Mathematical Economics | ||
| Special Study for Honors Students | ||
| Special Study for Honors Students | ||
| Industrial Organization | ||
| Industrial Organization | ||
| Economics of Human Resources | ||
| Total Units | 32 | |
- 1
Formerly ARE 171A Discontinued.
- 2
Formerly ARE 171B Discontinued.
International Business Economics Emphasis
| Code | Title | Units |
|---|---|---|
| All restricted electives must be taken for a letter grade. | ||
| Choose 20 units: | 20 | |
| Econometrics for Business Decisions | ||
| Economic Development | ||
| Economic Development | ||
| International Commodity & Resource Markets | ||
| Futures & Options Markets | ||
| Business, Government Regulation, & Society | ||
| Emerging Economies & Globalization | ||
| Economics of Global Poverty Reduction: What Works & Why | ||
| International Microeconomics | ||
| International Macroeconomics | ||
| Economy of East Asia | ||
| Choose the remaining 12 units from the above list or from: | 12 | |
| Agricultural Markets | ||
| Principles of Finance 1 | ||
| Financial Management of the Firm 2 | ||
| Capital Markets | ||
| Natural Resource Economics | ||
| Environmental Economics | ||
| Special Study for Honors Students | ||
| Special Study for Honors Students | ||
| Industrial Organization | ||
| Industrial Organization | ||
| Recent U.S. Foreign Policy | ||
| Total Units | 32 | |
- 1
Formerly ARE 171A.
- 2
Formerly ARE 171B.
Environmental & Resource Economics Emphasis
| Code | Title | Units |
|---|---|---|
| All restricted electives must be taken for a letter grade. | ||
| Choose eight units: | 8 | |
| Natural Resource Economics | ||
| Environmental Economics | ||
| Choose 20 units: | 20 | |
| Econometrics for Business Decisions | ||
| Agricultural Policy | ||
| Cooperative Business Enterprises | ||
| International Commodity & Resource Markets | ||
| Farm Management | ||
| Farm & Rural Resources Appraisal | ||
| Business, Government Regulation, & Society | ||
| Agricultural Labor | ||
| Introduction to Mathematical Economics | ||
| Special Study for Honors Students | ||
| Special Study for Honors Students | ||
| Energy Economics | ||
| Public Microeconomics | ||
| Methods of Environmental Policy Analysis | ||
| Methods of Environmental Policy Evaluation | ||
| Applied Research Methods | ||
| Choose the remaining 4 units from the above list or from: | 4 | |
Upper division in Agricultural & Resource Economics (ARE). | ||
Upper division in Economics (ECN). | ||
| The Policy Process | ||
| Environmental Law | ||
| Energy & Environmental Aspects of Transportation | ||
| Energy Policy | ||
| Urban & Regional Planning | ||
| Public Lands Management | ||
| Land Use & Growth Controls | ||
| Legal Aspects of Environmental Toxicology | ||
| Total Units | 32 | |
Agribusiness Economics Emphasis
| Code | Title | Units |
|---|---|---|
| All restricted electives must be taken for a letter grade. | ||
| Choose 8 units: | 8 | |
| Agricultural Policy | ||
| Farm Management | ||
| Agricultural Labor | ||
| Choose 16 units: | 16 | |
| Econometrics for Business Decisions | ||
| Agricultural Policy | ||
| Economics of Agricultural Sustainability | ||
| Agricultural Markets | ||
| Cooperative Business Enterprises | ||
| International Commodity & Resource Markets | ||
| Futures & Options Markets | ||
| Farm Management | ||
| Farm & Rural Resources Appraisal | ||
| Agricultural Labor | ||
| Choose the remaining 8 units from the above list or from: | 8 | |
Upper division in Agricultural and Resource Economics (ARE). | ||
Upper division in Economics (ECN). | ||
| Total Units | 32 | |