Business Studies (Minor)
Program Description
A broad liberal arts education, which includes a general education component (the College Core Curriculum) and a major in a liberal arts discipline or interdisciplinary field, provides a solid foundation for many careers in business. The skills and perspectives of the liberal arts are practical as well as personally enriching. Liberal arts students can enhance their preparedness for business by also completing a small number of applicable courses. In consultation with the Undergraduate College of the Leonard N. Stern School of Business, the College of Arts and Science has identified a set of such courses, some offered by CAS and some offered by Stern. By completing the minor in Business Studies, students acquire core knowledge and quantitative skills that are invaluable assets for success in the business professions. This minor is administered by the College of Arts and Science and is open to all undergraduate students at NYU. Students considering the minor should consult with the Business Studies adviser by emailing cas.business@nyu.edu.
Minor Declaration
View the instructions on this webpage in order to declare the minor.
Program Requirements
Students must follow the appropriate track in the minor and cannot choose freely between them:
- Track A is for students in any division of NYU who are not pursuing or planning any major or minor (including joint programs) in the CAS Department of Economics.
- Track B is for students in any division of NYU who will complete any Economics major or minor in CAS (including joint programs), as the liberal arts requirements of Introduction to Microeconomics, Introduction to Macroeconomics, Calculus, Statistics, and Regression overlap with their major or minor requirements. At present students in the Schack Institute of Real Estate in the School of Professional Studies may be allowed to follow this track, as their major has a substantial overlap of courses with the CAS major and minor in Economics.
Track A
This track comprises six to seven courses (two in economics; one in calculus; one or two in statistics and regression; and two in business) totaling 24 to 25.50 credits and completed with a grade of C or better (courses graded Pass/Fail do not count). Students may use AP or equivalent international credit to satisfy no more than two out of these four requirements: Macroeconomics, Microeconomics, Statistics, and Calculus. Students with Advanced Placement or equivalent advanced standing credit in three (four) of these areas must take one (two) additional course(s) for the minor, selected from the Stern courses listed below and/or MATH-UA 122 Calculus II. Note that AP or equivalent credit can never be used for regression and forecasting or for any Stern courses.
| Course | Title | Credits |
|---|---|---|
| Track A Minor Requirements | ||
| Economics | ||
| ECON-UA 1 | Introduction to Macroeconomics (or AP/equivalent international advanced standing) | 4 |
| ECON-UA 2 | Introduction to Microeconomics (or AP/equivalent international advanced standing) | 4 |
| Mathematics | ||
| Select one of the following Calculus courses: | 4 | |
| Calculus I | ||
| Mathematics for Economics I | ||
| Calculus II for Engineers (for students matriculated in Tandon) | ||
| Statistics and Regression and Forecasting | 4 to 5.5 | |
| Stats F/Bus Cntl Regress & Forecasting Models (satisfies both the statistics and the regression requirements of this minor) | ||
| Students who opt out of STAT-UB 103 must take one of the following courses and STAT-UB 3: | ||
| Statistics (P) | ||
| Analytical Statistics | ||
| Probability & Statistics (Formerly MATH-UA 235) | ||
| Mathematical Statistics (Formerly MATH-UA 234) | ||
| Statistics for The Behavioral Sciences | ||
| Statistics for Social Research | ||
| AND | ||
| Regress/Forcasting Model (1.5 credits) | ||
| Financial Accounting | ||
| ACCT-UB 1 | Prin of Financial Acctg | 4 |
| Stern Core Elective | ||
| Select one of the following: | 4 | |
| Management and Organizations | ||
| Strategic Management | ||
| Intro to Marketing | ||
| Operations Management | ||
| Info Tech in Bus & Society | ||
| Total Credits | 24-25.5 | |
Track B
This track always requires four 4-credit business courses (16 credits) in Stern plus the regression requirement for a total of 17.5 to 20 credits. No more than two of the required courses for the Business Studies minor can also be used to satisfy requirements for a major or another minor. Students who exceed this two-course overlap must take one or more additional 4-credit courses in Stern. Note that Advanced Placement or equivalent credit can never be used for regression and forecasting or for any Stern courses.
| Course | Title | Credits |
|---|---|---|
| Track B Minor Requirements | ||
| Financial Accounting | ||
| ACCT-UB 1 | Prin of Financial Acctg | 4 |
| Stern Core Elective | ||
| Select one of the following: | 4 | |
| Management and Organizations | ||
| Strategic Management | ||
| Intro to Marketing | ||
| Operations Management | ||
| Info Tech in Bus & Society | ||
| Additional Stern Electives | ||
| Select two more 4-point courses in Stern, to be chosen from the core courses above and/or from: | 8 | |
| Managerial Accounting (Prerequisite: Principles of Financial Accounting ACCT-UB 1) | ||
| Foundations of Finance | ||
| Regression (all courses are 4 credits except for STAT-UB 3 which is 1.5 credits) | ||
| Select one of the following: | 1.5-4.0 | |
| Regress/Forcasting Model (Prerequisite: Statistics (ECON-UA 18), Analytical Statistics (ECON-UA 20), or an equivalent statistics course) | ||
| Stats F/Bus Cntl Regress & Forecasting Models | ||
| Intro to Econometrics | ||
| Total Credits | 17.5-20 | |
Policies
Policies Applying to Both Tracks of the Minor
- A minimum grade of C is required for all courses intended to count toward the minor (courses graded Pass/Fail do not count) and the minimum overall GPA required in the minor is 2.0.
- No credit toward the minor can be granted for internships.
- No Stern courses (-UB) can count toward the 64 credits that internal or external transfer students to CAS are required to complete in CAS (-UA) courses.
- All transfer credit must be evaluated by completing the transfer credit form on the Business Studies webpage in order to determine its applicability toward the minor. Please see an academic adviser for more information about transfer credits.
Policies Applying to Track A
- Students may use Advanced Placement or equivalent international credit to satisfy no more than two out of these four requirements: Macroeconomics, Microeconomics, Statistics, and Calculus. Students with advanced standing credit in three (four) of these areas must take one (two) additional course(s) for the minor, selected from the Stern courses offerings on the curriculum tab and/or MATH-UA 122 Calculus II. Note that AP or equivalent credit can never be used for regression and forecasting or for any Stern courses.
- Only students who transition from Liberal Studies may satisfy the macroeconomics and microeconomics requirement of the minor with ECI-UF 101 Principles of Macroeconomics and ECII-UF 102 Principles of Microeconomics (4 credits each).
- At least four 4-credit courses must always be unique to this minor and not overlap with any other major or minor; therefore, no more than two of the required 4-credit courses for the Business Studies minor can also be used to satisfy requirements for a major or another minor. Students who exceed this two-course overlap must take one or more additional 4-credit courses in Stern and/or MATH-UA 122 Calculus II.
- Prerequisites for OPMG-UB 1 Operations Management: (1) completion of the statistics requirement, chosen only from ECON-UA 18 Statistics (P) or ECON-UA 20 Analytical Statistics or STAT-UB 103 Stats F/Bus Cntl Regress & Forecasting Models, and (2) completion of the regression and forecasting requirement, chosen only from STAT-UB 3 Regress/Forcasting Model or STAT-UB 103 Stats F/Bus Cntl Regress & Forecasting Models.
- The substitute courses MATH-UA 334 Mathematical Statistics, PSYCH-UA 10 Statistics for The Behavioral Sciences, and SOC-UA 302 Statistics for Social Research are acceptable prerequisites for STAT-UB 3 Regress/Forcasting Model; 2 credits), but are not acceptable prerequisites for the optional minor course OPMG-UB 1 Operations Management.
- Transfer students on Track A cannot transfer in more than half of the required courses in economics and mathematics (i.e., two) and half of the required Stern courses in business (i.e., one) to count toward the minor; for transfer students, AP and other advanced standing credit is treated as transfer credit.
- Track A students may choose to take three or four Stern courses in total (beyond the minimum minor requirement of two Stern courses), but CAS students must ensure they can accommodate the extra Stern courses within the College’s 24-credit limit on non-CAS courses.
Policies Applying to Track B
- Note that Advanced Placement or equivalent credit can never be used for regression and forecasting or for any Stern courses.
- Up to two of the required 4-credit courses for the Business Studies minor can also be used to satisfy requirements for a major or another minor, but at least four 4-credit courses must always be unique to this minor and not overlap with any other major or minor. Students who exceed this two-course overlap must take one or more additional 4-credit courses in Stern.
- Prerequisites for OPMG-UB 1: Completion of the regression and forecasting requirement, chosen only from ECON-UA 266 Intro to Econometrics or STAT-UB 3 Regress/Forcasting Model or STAT-UB 103 Stats F/Bus Cntl Regress & Forecasting Models.
- Prerequisites for FINC-UB 2: (1) ECON-UA 2 Introduction to Microeconomics; (2) a course in statistics, chosen only from ECON-UA 18 Statistics (P) or ECON-UA 20 Analytical Statistics or STAT-UB 103 Stats F/Bus Cntl Regress & Forecasting Models; and (3) completion of a course in regression and forecasting, chosen only from ECON-UA 266 Intro to Econometrics or STAT-UB 3 Regress/Forcasting Model or STAT-UB 103 Stats F/Bus Cntl Regress & Forecasting Models; (4) a course in calculus equivalent to or higher than MATH-UA 121 Calculus I or MATH-UA 131 Mathematics for Economics I, including AP Calc AB or BC credit. Corequisite: ACCT-UB 1 Prin of Financial Acctg.
- Economics majors intending to take FINC-UB 2 Foundations of Finance and/or OPMG-UB 1 Operations Management should note the prerequisite of one course in regression and forecasting; these courses may only be taken after ECON-UA 266 Intro to Econometrics. Economics majors may choose the 1.5-credit regression course STAT-UB 3 Regress/Forcasting Model. This course is not required for the major, but allows Economics students to take FINC-UB 2 Foundations of Finance and/or OPMG-UB 1 Operations Management earlier in their undergraduate careers.
- Transfer students on Track B cannot transfer in more than half of the Stern courses in business (i.e., two) to count toward the minor.
NYU Policies
University-wide policies can be found on the New York University Policy pages.
College of Arts and Science Policies
A full list of relevant academic policies can be found on the CAS Academic Policies page.