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UCC/UGC/ECCC
Proposal for Plan Change or Plan Deletion
Fall 2016
FAST TRACK
(Select if this will be a fast track item. Refer to Fast Track Policy for eligibility)
If this proposal represents changes to the intent of the plan or its integral components, review
by the college dean, graduate dean (for graduate items) and/or the provost may be required
prior to college curricular submission.
All Plans with NCATE/CAEP designation, or plans seeking NCATE/CAEP designation, must
include an NCATE Accreditation Memo of Approval from the NAU NCATE/CAEP administrator
prior to submission.
UCC proposals must include an updated 8-term plan (if applicable).
UGC proposals must include an updated program of study.
1. College:
The W.A. Franke College of
Business
3. Academic Plan Name:
5. Plan proposal:
2. Academic Unit:
Business
Economics; B.S.B.A.
(BUECBSBAX)
Plan Change
New Emphasis
Economics
4. Emphasis:
Plan Deletion
Emphasis Change
Emphasis Deletion
6. Current student learning outcomes of the
plan. If structured as plan/emphasis, include for
both core and emphasis.
Show the proposed changes in this column (if
applicable). Bold the changes, to differentiate
from what is not changing, and change font to
Bold Red with strikethrough for what is being
deleted. (Resources, Examples & Tools for
Student Learning Outcomes
The primary mission of the economics degree program in
the W. A. Franke College of Business (FCB) is to prepare
our majors to successfully employ economic theory and
concepts through the use of analytical and quantitative
skills in order for them to succeed in their professional and
academic endeavors. In addition, the economics degree
program also serves FCB business degree programs and
Liberal Studies through our curriculum. The curriculum for
business and Liberal Studies students focuses on
Developing Effective Program Student Learning
Outcomes).
Effective Fall 2015
essential concepts and principles of economics in order to
help students understand, think, and form opinions about,
and develop responses to local, national, and global
economic issues.
Student Learning Outcomes: BSBA in Business
Economics
Economics graduates will be able to explain key economic
concepts and principles in both Microeconomics and
Macroeconomics.
 Scarcity, Opportunity Cost & Comparative
Advantage
Effective Fall 2015
o




Students use Production Possibility
Frontier curves to calculate opportunity
costs in order to evaluate the trade-offs
involved in decision making.
o Students use comparative advantage to
calculate efficiency improvements
resulting from trade and specialization.
Supply and Demand, Market Equilibrium & Price
Elasticity
o Students employ demand/supply concepts
to determine market equilibrium.
o Students understand why supply and
demand may shift over time and analyze
the impacts on market equilibrium that
result from these shifts.
o Students calculate price elasticity of
demand and illustrate its uses in market
analysis.
Efficient Markets: Costs of Production, Perfect
Competition, Imperfect Competition, Labor
Markets
o Students are able to distinguish between
explicit and implicit costs as well as
between average and marginal
costs. They can use these relationships
to derive the full cost of operating a
business firm.
o Students use cost and revenue curves to
determine profit-maximizing output under
conditions of perfect competition and
imperfect competition.
o Students are able to determine the
optimal amount of labor to hire in order to
achieve an efficient outcome in the labor
market.
Market Inefficiency: Externalities and Market
Failure
o Students understand the concept of
market failure, and are able to apply this
to situations where environmental
externalities are present.
Economic Indicators: Gross Domestic Product,
Business Cycles, Employment, Inflation & the
Consumer Price Index
o Students can use the circular flow
diagram to show that income from
domestic production equals expenditure
on domestic output.
o Students can identify & explain the
expenditure components of GDP (Y = C +
I + G + NX.)
o Students understand the meaning and
components of the business cycle and
can explain why the economy experiences
good and bad times.
o Students understand the concept of the
Consumer Price Index (CPI) and how to
transform economic variables to account
for the effects of inflation as well as
explain differences between real and
nominal interest rates.
Effective Fall 2015

Economic Growth
o Students understand the determinants of
productivity and can evaluate policy
implications of productivity changes that
occur across the economy.
 Economic Theory: Aggregate Demand and
Aggregate Supply (AD/AS)
o Students are able to use Y = C + I + G +
NX to explain why aggregate demand
(AD) is downward sloping and what
factors can shift AD.
o Students are able to use both long-run
aggregate supply (LRAS) and short-run
aggregate supply (SRAS) to show how
levels of output change in the economy
over time.
o Students understand the transition from
short-run equilibrium to long-run
equilibrium in order to explain economic
fluctuations which occur in the economy.
 Economic Policy: Fiscal Policy, Monetary policy
o Students are able to explain and calculate
the impacts on the economy resulting
from the multiplier and the crowding-out
effects associated with fiscal policy.
o Students understand the functions of
money, how the banking system creates
money, and how the Federal Reserve
System uses its monetary control
instruments to stabilize the economy.
Economics graduates will be able to explain and evaluate
what economic concepts and principles are used in
nontechnical economic analyses published in printed and
electronic media.
 Students are introduced to a broad range of
nontechnical economic outlets including the
popular press (newspapers and magazines) as
well as government and historical documents.
 Students are capable of analyzing and explaining
the economic content appearing in these writings.
Economics graduates will be able to locate published
research and data on particular economic topics and
issues.
 Students are able to locate printed and electronic
sources of data in order to conduct technical and
nontechnical research in economics.
Economics graduates will be able to perform and interpret
quantitative analysis that uses economic data.
 Students can assemble and analyze economic
data as well as formulate models to test economic
hypotheses.
 Students understand the assumptions,
applications and outcomes associated with using
the basic regression model.
 Students will be competent in using a statistical
software package in order to undertake and
successfully complete quantitatively-based
economic analysis.
Economics graduates will be able to prepare an
organized, clearly written analysis of an economic issue.
Effective Fall 2015


Students can appropriately analyze economic
issues and concepts, and can effectively
demonstrate their economic reasoning with clearly
written statements on exams.
Students can communicate their economic
reasoning using well-developed and concise
language in assigned research papers.
Effective Fall 2015
7. Current catalog display in this column. Cut
and paste the changing text in its entirety, from
the current on-line academic catalog:
(http://catalog.nau.edu/Catalog/)
Show the proposed changes in this column.
Bold the changes, to differentiate from what is
not changing, and change font to Bold Red with
strikethrough for what is being deleted.
Business Economics; B.S.B.A.
Business Economics; B.S.B.A.
In addition to University Requirements
 At least 45 units of business core
requirements
 At least 30 units of major requirements
 Up to 9 units of major prefix courses may be
used to satisfy Liberal Studies requirements;
these same courses may also be used to
satisfy major requirements
 Elective courses, if needed, to reach an
overall total of at least 120 units
Please note that you may be able to use some
courses to meet more than one requirement.
Contact your advisor for details.
In addition to University Requirements
 At least 45 46 units of business core
requirements
 At least 30 units of major requirements
 Up to 9 units of major prefix courses may be
used to satisfy Liberal Studies requirements;
these same courses may also be used to
satisfy major requirements
 Elective courses, if needed, to reach an
overall total of at least 120 units
Please note that you may be able to use some
courses to meet more than one requirement.
Contact your advisor for details.
120
Minimum Units for Completion
120
Mathematics Required
MAT 119
Mathematics Required
MAT 119 MAT 121
Additional Admission Requirements
Required
Additional Admission Requirements
Required
Additional Fees/Program Fees
Required
Additional Fees/Program Fees
Required
University Honors Program
Optional
University Honors Program
Optional
View Progression Plan
Progression Plan Link
View Progression Plan
Minimum Units for Completion
Progression Plan Link
Additional Admission Requirements
Additional Admission Requirements
Admission requirements over and above
admission to NAU are required.
Admission requirements over and above
admission to NAU are required.
Admission to Northern Arizona University
qualifies you for admission into the pre
professional program in The W. A. Franke
College of Business. You must meet the following
requirements to enter our professional
programs:
 Complete at least 56 units with a cumulative
grade point average (GPA) of 2.0 or better.
 Complete the following courses with a grade
of "C" or better in each course: ENG 105,
MAT 114, MAT 119, ACC 205, ACC 255, ACC
256, CIS 120, ECO 201, ECO 284, and ECO
285.
 Complete six (6) different Pathways
experiences. Transfer students who have met
all of the requirements listed above need to
complete four (4) Pathways experiences
Admission to Northern Arizona University
qualifies you for admission into the pre
professional program in The W. A. Franke
College of Business. You must meet the following
requirements to enter our professional
programs:
 Complete at least 56 units with a cumulative
grade point average (GPA) of 2.0 or better.
 Complete the following courses with a grade
of "C" or better in each course: ENG 105,
MAT 114, MAT 119 MAT 121, ACC 205,
ACC 255, ACC 256, CIS 120, ECO 201, ECO
284, and ECO 285, and ISM 120.
 Complete six (6) different Pathways
experiences. Transfer students who have met
all of the requirements listed above need to
complete four (4) Pathways experiences
Effective Fall 2015



during their first semester in The W. A.
Franke College of Business.
If you have a 2.75 GPA in these courses and

have satisfactorily completed Pathways
activities designated by The W. A. Franke
College of Business, we guarantee your
acceptance into our professional program. If
your average is less than a 2.75 but you have
at least a 2.5 and have satisfactorily
completed all designated Pathways activities,
we admit you into the professional program
on a space-available basis according to the
rank order of your grade point average in
these courses.
If you are in the pre professional program

and have completed all required courses with
"C" or better, but have a GPA in those
courses that is below the acceptable grade
point average for admission to the
professional program, you may repeat up to
two of the required courses in which you
earned a "C" to meet the minimum GPA
requirement. You may only repeat a required
course in which you earned a grade of "C"
one time.
Continuation in the B.S. ACCY Accountancy

program is predicated on successful
completion of a skills assessment and
successful completion of all upper-division
ACC courses within three attempts.
Successful completion of ACC 300 and ACC
355 requires a grade of "C" or better. A grade
of "W" will count in the total attempts
allowed for all upper-division ACC courses.
Recommended Plan of Study for Freshmen and
Sophomores
We recommend the following course sequence
for your first four terms:
Please note that you should consider The W. A.
Franke College of Business ethics requirement
when selecting liberal studies courses.
 First-Term Units: MAT 114, CIS 120, NAU
100, Liberal studies/ethics requirements, MGT
101 (16 units)
 Second-Term Units: ENG 105, MAT 119, ACC
205, Liberal studies/ethics requirements (16
units)
Effective Fall 2015
during their first semester in The W. A.
Franke College of Business.
If you have a 2.75 GPA in these courses and
have satisfactorily completed Pathways
activities designated by The W. A. Franke
College of Business, we guarantee your
acceptance into our professional program. If
your average is less than a 2.75 but you have
at least a 2.5 and have satisfactorily
completed all designated Pathways activities,
we admit you into the professional program
on a space-available basis according to the
rank order of your grade point average in
these courses.
If you are in the pre professional program
and have completed all required courses with
"C" or better, but have a GPA in those
courses that is below the acceptable grade
point average for admission to the
professional program, you may repeat up to
two of the required courses in which you
earned a "C" to meet the minimum GPA
requirement. You may only repeat a required
course in which you earned a grade of "C"
one time.
Continuation in the B.S. ACCY Accountancy
program is predicated on successful
completion of a skills assessment and
successful completion of all upper-division
ACC courses within three attempts.
Successful completion of ACC 300 and ACC
355 requires a grade of "C" or better. A grade
of "W" will count in the total attempts
allowed for all upper-division ACC courses.
Recommended Plan of Study for Freshmen and
Sophomores
We recommend the following course sequence
for your first four terms:
Please note that you should consider The W. A.
Franke College of Business ethics requirement
when selecting liberal studies courses.
 First-Term Units: MAT 108 114, CIS ISM
120, NAU 100, Liberal studies/ethics
requirements, MGT 101 (16 units)
 Second-Term Units: ENG 105, MAT 119
MAT 121, ACC 205, Liberal studies/ethics
requirements (16 17 units)


Third-Term Units: ACC 255, ECO 201, ECO
284, Liberal studies/ethics requirements (15
units)
Fourth-Term Units: ACC 256, ECO 285,
Liberal studies/ethics requirements, Liberal
studies Lab Science (16 units)


Third-Term Units: ACC 255, ECO 201, ECO
284, Liberal studies/ethics requirements (15
units)
Fourth-Term Units: ACC 256, ECO 285,
Liberal studies/ethics requirements, Liberal
studies Lab Science (16 units)
Major Requirements
Major Requirements
Major Courses (24 units)
 ECO 384, ECO 385, ECO 498C (9 units)
 ECO 321 or ECO 446 (3 units)
Major Courses (24 units)
 ECO 384, ECO 385, ECO 498C (9 units)
 ECO 321 or ECO 446 (3 units)
Concentration Requirement (Select One):
Concentration Requirement (Select One):
Other Major Requirements (6 units)
Other Major Requirements (6 units)
Business Core (45 units)
 MAT 119 (3 units)
 ACC 205, ACC 255, ACC 256 (9 units)
 CIS 120, CIS 360 (6 units)
 ECO 201, ECO 284, ECO 285 (9 units)
 (MKT 333 and MGT 300) or (MKT 333I and
MGT 300I) (6 units)
 FIN 311 (3 units)
 MGT 301, MGT 340 (6 units)
 MGT 490C (3 units)
General Economics Concentration (12 units)
 Select four courses from: Select four courses
from: ECO 321, ECO 324, ECO 328, ECO 356,
ECO 424, ECO 428, ECO 446, ECO 456, ECO
464, ECO 473, ECO 481, ECO 486 (12 units)
Global Concentration (12 units)
 ECO 456, ECO 473, ECO 486 plus one
additional upper-division ECO or business
course (12 units)
Environmental Concentration (12 units)
 Select three courses from: ECO 324, ECO
328, ECO 424, ECO 428 (9 units)
 Select one additional upper-division ECO
course (3 units)


NAU's Junior-level writing requirement, select
one: ENG 302W or MGT 350W, or if you take
(MKT 333I and MGT 300I), choose MGT
350IW (3 units)
International Requirement, select one: ECO
486, FIN 480, MGT 405, MKT 480 (3 units)
Effective Fall 2015
Business Core (45 46 units)
 MAT 119 MAT 121 (3 4 units)
 ACC 205, ACC 255, ACC 256 (9 units)
 CIS ISM 120, CIS ISM 360 (6 units)
 ECO 201, ECO 284, ECO 285 (9 units)
 (MKT 333 and MGT 300) or (MKT 333I and
MGT 300I) (6 units)
 FIN 311 (3 units)
 MGT 301, MGT 340 (6 units)
 MGT 490C (3 units)
General Economics Concentration (12 units)
 Select four courses from: Select four courses
from: ECO 321, ECO 324, ECO 328, ECO 356,
ECO 424, ECO 428, ECO 446, ECO 456, ECO
464, ECO 473, ECO 481, ECO 486 (12 units)
Global Concentration (12 units)
 ECO 456, ECO 473, ECO 486 plus one
additional upper-division ECO or business
course (12 units)
Environmental Concentration (12 units)
 Select three courses from: ECO 324, ECO
328, ECO 424, ECO 428 (9 units)
 Select one additional upper-division ECO
course (3 units)


NAU's Junior-level writing requirement, select
one: ENG 302W or MGT 350W, or if you take
(MKT 333I and MGT 300I), choose MGT
350IW (3 units)
International Requirement, select one: ECO
486, FIN 480, MGT 405, MKT 480 (3 units)
These courses represent the General Academic
Requirements (GAR) for The W. A. Franke
College of Business. Some of these courses also
fulfill liberal studies requirements; for
information about the overlap between the GAR
and liberal studies, consult an advisor in Room
222 of the college.
These courses represent the General Academic
Requirements (GAR) for The W. A. Franke
College of Business. Some of these courses also
fulfill liberal studies requirements; for
information about the overlap between the GAR
and liberal studies, consult an advisor in Room
222 of the college.
General Electives
General Electives
You may take these remaining courses from any
academic areas, using these courses to pursue
your specific interests and goals. We encourage
you to consult with your advisor to select the
courses that will be most advantageous to you.
(Please note that you may also use prerequisites
or transfer credits as electives if they weren't
used to meet major, minor, or liberal studies
requirements.)
You may take these remaining courses from any
academic areas, using these courses to pursue
your specific interests and goals. We encourage
you to consult with your advisor to select the
courses that will be most advantageous to you.
(Please note that you may also use prerequisites
or transfer credits as electives if they weren't
used to meet major, minor, or liberal studies
requirements.)
Additional Information
Additional Information
Additional coursework is required, if, after you
have met the previously described requirements,
you have not yet completed a total of 120 units
of credit.




That you must complete at least 15 units in
your major and 9 units of the upper-division
business core at The W. A. Franke College of
Business (FCB).
You must earn 50% of your overall business
units required for your degree at the FCB.
All transfer credits must be approved by the
FCB and are subject to guidelines listed in the
current general catalog. The FCB does not
accept upper-division transfer credits from
programs not accredited by the AACSB (such
as the University of Phoenix or the Bachelor
of Business Administration program at NAUYuma).
Students must complete the following courses
at the FCB: [MGT 490C] (Business Strategy)
and the junior writing requirement (if filled by
either [MGT 350W] or [MGT 350IW]
(Business Communication). Students who
satisfy the junior writing requirement with
ENG 302W (Technical Writing) must complete
that course at Northern Arizona University.
Effective Fall 2015
Additional coursework is required, if, after you
have met the previously described requirements,
you have not yet completed a total of 120 units
of credit.




That you must complete at least 15 units in
your major and 9 units of the upper-division
business core at The W. A. Franke College of
Business (FCB).
You must earn 50% of your overall business
units required for your degree at the FCB.
All transfer credits must be approved by the
FCB and are subject to guidelines listed in the
current general catalog. The FCB does not
accept upper-division transfer credits from
programs not accredited by the AACSB (such
as the University of Phoenix or the Bachelor
of Business Administration program at NAUYuma).
Students must complete the following courses
at the FCB: [MGT 490C] (Business Strategy)
and the junior writing requirement (if filled by
either [MGT 350W] or [MGT 350IW]
(Business Communication). Students who
satisfy the junior writing requirement with
ENG 302W (Technical Writing) must complete
that course at Northern Arizona University.

Students earning two B.S.B.A. majors within
The W. A. Franke College of Business must
take 18 credit units in the first major and an
additional 18 units exclusive to the second
major (for a total of 36).

Students earning two B.S.B.A. majors within
The W. A. Franke College of Business must
take 18 credit units in the first major and an
additional 18 units exclusive to the second
major (for a total of 36).
You must have completed all of the coursework
used to fulfill these requirements within the last
10 years.
You must have completed all of the coursework
used to fulfill these requirements within the last
10 years.
Be aware that some courses may have
prerequisites that you must also take. For
prerequisite information click on the course or
see your advisor.
Be aware that some courses may have
prerequisites that you must also take. For
prerequisite information click on the course or
see your advisor.
PROGRAM FEE INFORMATION
Program fees are established by the Arizona
Board of Regents (ABOR). A program fee of
$580 per year in students' Junior and Senior
years has been approved for this program.
PROGRAM FEE INFORMATION
Program fees are established by the Arizona
Board of Regents (ABOR). A program fee of
$580 per year in students' Junior and Senior
years has been approved for this program.
8. Justification for proposal:
Today’s business school graduates need a solid foundation in mathematics to be successful
in their future careers. At this point in time, NAU College of Business’ math requirements are
out-of-step with other schools in Arizona and in many other states. NAU is essentially the
only Arizona institution which does not require some calculus for its business majors. While
ASU, and the UofA require calculus for business majors, almost all of the Arizona community
colleges also require their students to complete a course in Business Calculus as part of the
64-hour ABUS degree which those students use to transfer to the universities. Given the large
number of requirements already in the business core, we would find it difficult to add an
additional course to our program. Therefore, this proposal is a compromise which retains the
content in our finite math course, while making room for a calculus component by increasing
the number of hours in the new course from three to four. In addition, students transferring
those skills with similar course from a community college will have their course accepted by
us as an equivalency. Therefore, this change will not add to the course plans of the students
who transfer to NAU.
9. Will this proposal impact other plans, sub plans, or course offerings, etc.?
Yes
No
If yes, list and include evidence of notification to and/or response from each impacted academic unit
as necessary
Answer 10-13 for UCC/ECCC only:
10. A major is differentiated from another major by required course commonality: 24 18* units of the
required coursework to complete the major must be unique, (i.e. not common or not dual use as a
required element in another major), to that major. Does this plan have 24 18 units of unique required
credit?
Yes
No
Effective Fall 2015
* At least 18 required units of the major should be unique to that major to differentiate it from
other majors as a guideline. Require that the distinctiveness of the degree program be evident
through a well-articulated (1) Degree Program Purpose, (2) Degree Program Learning
Outcomes, and (3) explanation for why the specified curriculum requirements are necessary
for students to achieve the Degree Program Student Learning Outcomes as illustrated in the
program’s Curriculum Map/ Matrix and narrative describing the design of the degree program
curriculum. Requests for exceptions for a major with fewer than 18 required units should be
prepared to articulate in addition to the requirements outlined above, how a degree program is
satisfying sufficient student mastery of articulated learning outcomes in fewer than 18
required units.
11. An emphasis is differentiated from another emphasis by required course commonality: 15 units of
the required coursework to complete the emphasis must be unique, (i.e. not common or not dual use
as a required element in another emphasis), to that emphasis. Do the emphases each have 15 units
of unique required credit?
Yes
No
12. An undergraduate certificate is differentiated from another certificate by required course
commonality: 12 units of the required coursework to complete the certificate must be unique (i.e. not
common or not dual use as a required element in another certificate), to that certificate. Does this
certificate have 12 units of unique required credit?
Yes
No
13. A minor is differentiated from another minor by required course commonality: 12 units of
the
required coursework to complete the minor must be unique, (i.e. not common or not dual use as a
required element in another minor), to that minor. Does this minor have 12 units of unique required
credit?
Yes
No
Answer 14-17 for UGC only:
14. Master’s degrees are differentiated from one another by required curriculum and course
commonality: at least 12 units of required coursework to complete the degree must be unique (i.e. not
common or for dual use as a required element in another degree).
Does this degree contain at least 12 unique units of required credit?
Yes
No
15. Emphases within a Master’s degree are differentiated by required curriculum and course
commonality: at least 9 units of required coursework to complete the emphasis must be unique (i.e.
not common or not dual use as a required element in another emphasis).
Do emphases contain at least 9 unique units of required credit?
Yes
No
16. If this is a non-thesis plan, does it require a minimum of 24 units of formal graded coursework?
Yes
No
If no, explain why this proposal should be approved.
17. If this is a thesis plan, does it require a minimum of 18 units of formal graded coursework?
Yes
No
If no, explain why this proposal should be approved.
FLAGSTAFF MOUNTAIN CAMPUS
Effective Fall 2015
Scott Galland
Reviewed by Curriculum Process Associate
1/25/2016
Date
Approvals:
Department Chair/Unit Head (if appropriate)
Date
Chair of college curriculum committee
Date
Dean of college
Date
For Committee use only:
UCC/UGC Approval
Date
EXTENDED CAMPUSES
Reviewed by Curriculum Process Associate
Date
Approvals:
Academic Unit Head
Date
Division Curriculum Committee (Yuma, Yavapai, or Personalized Learning)
Date
Division Administrator in Extended Campuses (Yuma, Yavapai, or Personalized
Learning)
Date
Faculty Chair of Extended Campuses Curriculum Committee (Yuma, Yavapai, or
Personalized Learning)
Date
UGC Approval (Graduate-Level Plans Only)
Date
Chief Academic Officer; Extended Campuses (or Designee)
Date
Effective Fall 2015