Which Courses Make Up a Business Degree's Common Core?

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Economics, accounting, statisticsFinance, marketing, management, law7 core courses with ACE

Which courses are in a business degree's core?

Business degrees share a common core: Penn State, Oregon State and Georgia Tech all ask for microeconomics, macroeconomics, accounting, statistics, finance, marketing, management or organizational behavior, and law or ethics. UPI Study has a course for each part: Microeconomics, Macroeconomics, Managerial Accounting, Principles of Statistics, Principles of Finance, Principles of Marketing, Principles of Management and Business Law. Seven of those eight carry ACE as well as NCCRS recommendations; your college decides how each one counts.

Shared core
Economics, accounting, statistics
Also
Finance, marketing, management, law
Who decides
Your college

Business core courses to ask about

Each course is self-paced, with its syllabus on its course page to send your registrar. Your college decides what counts.

Microeconomics course

Economics 251 · 3 credits · ACE + NCCRS

Microeconomics

Covers how people, firms and markets make choices: supply and demand, elasticity, costs, market structures, labor markets and trade.

Economics
Macroeconomics course

Economics 252 · 3 credits · ACE + NCCRS

Macroeconomics

Covers how whole economies work: GDP, growth, unemployment, inflation, aggregate demand and supply, money and banking, and fiscal policy.

Economics
Managerial Accounting course

Accounting 210 · 3 credits · ACE + NCCRS

Managerial Accounting

Covers cost behavior, financial statements, job-order and process costing, CVP analysis, budgeting, variances and capital budgeting.

Accounting, statistics and finance
Principles of Statistics course

Statistics 101 · 3 credits · ACE + NCCRS

Principles of Statistics

Covers statistics for business: data and graphs, probability, distributions, confidence intervals, hypothesis tests and regression.

Accounting, statistics and finance
Principles of Finance course

Finance 201 · 3 credits · ACE + NCCRS

Principles of Finance

Covers finance basics: financial statements and ratios, forecasting, time value of money, bond and stock valuation, and risk and return.

Accounting, statistics and finance
Principles of Marketing course

Marketing 102 · 3 credits · ACE + NCCRS

Principles of Marketing

Covers marketing basics: markets and buyer behavior, global marketing, products, pricing, promotion, distribution, social media and AI.

Marketing and management
Principles of Management course

Business 101 · 3 credits · NCCRS

Principles of Management

Covers what managers do: management theory, change, structure, teams, leadership, motivation, control, HR, strategy and global management.

Marketing and management
Business Law course

Business 250 · 3 credits · ACE + NCCRS

Business Law

Covers the legal system and the law businesses face: courts, contracts, torts, employment, business organizations and internet law.

Law and ethics
Business Ethics course

Business 211 · 3 credits · NCCRS

Business Ethics

Covers business ethics: moral reasoning, governance, diversity, government, social responsibility, marketing, environment and global trade.

Law and ethics

Side by side

The business core at three universities, and UPI Study's matching course
 Penn StateOregon StateGeorgia TechUPI Study
EconomicsECON 102 and ECON 104ECON 201Z and ECON 202ZECON 2105 and ECON 2106Microeconomics, Macroeconomics
AccountingACCTG 211BA 211Z and BA 213ZACCT 2101 and ACCT 2102Managerial Accounting
StatisticsSCM 200 or STAT 200BA 275MGT 2250Principles of Statistics
FinanceFIN 301BA 240MGT 3062Principles of Finance
MarketingMKTG 301BA 223MGT 3300Principles of Marketing
ManagementMGMT 301BA 252 (organizational behavior)MGT 3101 (organizational behavior)Principles of Management
Law and ethicsBLAW 341, MGMT 451WBA 226Z, BA 354MGT 2106Business Law, Business Ethics

Where to start

Start with

  • Microeconomics and Macroeconomics
  • Principles of Statistics
  • Each carries ACE and NCCRS recommendations

Then

  • Principles of Finance and Principles of Marketing
  • Principles of Management
  • Business Law

Ask your college first about

  • Financial accounting: UPI Study's course is managerial accounting
  • Upper-level core courses such as FIN 301 or MKTG 301
  • How many core credits it takes in transfer

Questions, answered

Which courses are in a business degree core?

At Penn State, Oregon State and Georgia Tech: microeconomics and macroeconomics, accounting, statistics, finance, marketing, management or organizational behavior, and law or ethics. Penn State's management degree lists “ECON 102 Introductory Microeconomic Analysis and Policy 3 ECON 104 Introductory Macroeconomic Analysis and Policy 3”, Oregon State's “BA 223 PRINCIPLES OF MARKETING 4”, and Georgia Tech's “MGT 2250 Management Statistics 3”.

Does UPI Study have financial accounting?

No. UPI Study's accounting course is Managerial Accounting (Accounting 210), with ACE and NCCRS recommendations for 3 semester hours. Oregon State's core has both, “BA 211Z PRINCIPLES OF FINANCIAL ACCOUNTING 4 BA 213Z PRINCIPLES OF MANAGERIAL ACCOUNTING 4”, and so does Georgia Tech's (ACCT 2101 and ACCT 2102), so ask your college where it would place managerial accounting.

Is the business core the same at every college?

Close, but not the same. Oregon State counts in quarter credits (“Total Credits 180”), Penn State asks for “a minimum of 120 credits”, and Georgia Tech joins law and ethics in one course, “MGT 2106 Legal, Social, Ethical Aspects of Business 3”. Some core courses are upper level, such as Penn State's FIN 301 and MKTG 301; ask whether a lower-division course can stand in.

What do Microeconomics, Managerial Accounting and Business Law each cover?

Microeconomics (Economics 251) covers how people, firms and markets make choices: supply and demand, elasticity, costs, market structures, labor markets and trade. Managerial Accounting (Accounting 210) covers cost behavior, financial statements, job-order and process costing, CVP analysis, budgeting, variances and capital budgeting. Business Law (Business 250) covers the legal system and the law businesses face: courts, contracts, torts, employment, business organizations and internet law.

How many credits are Microeconomics, Managerial Accounting and Business Law?

Microeconomics: NCCRS recommends 3 semester hours, lower division, in Economics among other subjects; ACE recommends 3 (ACE ID UPIS-0018). Managerial Accounting: NCCRS recommends 3 semester hours, lower division, in Accounting among other subjects; ACE recommends 3 (ACE ID UPIS-0020). Business Law: NCCRS recommends 3 semester hours, lower division, in Accounting among other subjects; ACE recommends 3 (ACE ID UPIS-0026).

What subject areas do Microeconomics, Managerial Accounting and Business Law count in?

Microeconomics: Economics, Business Administration, Business, Accounting, Management, Marketing, Finance, or Financial Management. Managerial Accounting: Accounting, Business Administration, Finance, Management, Marketing, CIS, or Administration. Business Law: Accounting, Business, Management, Entrepreneurship, Financial Management, Economics, Business Ethics, or Personal Finance. Your college decides which requirement each one fills.

How long are Microeconomics, Managerial Accounting and Business Law?

Microeconomics: 12 chapters and 66 instructional hours. Managerial Accounting: 12 chapters and 58 instructional hours. Business Law: 18 chapters and 80 instructional hours. All three are self-paced, so you finish as fast or as slow as you want.

What do I need before Microeconomics, Managerial Accounting and Business Law?

None: no syllabus of the three lists one, so you can begin with Microeconomics or take them side by side.

What are the final exams like in Microeconomics, Managerial Accounting and Business Law?

The format is the same in all three: a final of 100 multiple-choice questions that counts for 50% of the grade.

How are Microeconomics, Managerial Accounting and Business Law graded?

Microeconomics: quizzes 20%, the assignment 30%, the final exam 50%. Managerial Accounting: quizzes 20%, the assignment 30%, the final exam 50%. Business Law: quizzes 20%, the assignment 30%, the final exam 50%. A pass is 70 or more.

Which textbooks do Microeconomics, Managerial Accounting and Business Law use?

Microeconomics: Shapiro, David, et al. Principles of Microeconomics 3e. OpenStax, 2022, with other references. Managerial Accounting: Goedl, Patricia. Principles of Managerial Accounting (open access), with other references. Business Law: Randall, Melissa. Fundamentals of Business Law (CC BY 4.0, 2020), with other references.

Are Microeconomics, Managerial Accounting and Business Law on the ACE list?

Microeconomics: yes, ACE ID UPIS-0018, 3 semester hours. Managerial Accounting: yes, ACE ID UPIS-0020, 3 semester hours. Business Law: yes, ACE ID UPIS-0026, 3 semester hours. ACE listings run three years and UPI Study renews them as they end; credit you have earned stays valid for 10 years.

What should I take after Microeconomics?

Macroeconomics. In the “Economics and finance” order on the Business courses page, it follows Microeconomics. Your program may set its own order.

Can I see the Microeconomics syllabus before I enroll?

Yes: the Microeconomics syllabus opens after a free sign-in. It lists all 12 chapters, the grading and the credit recommendation, so you can send it to your registrar.

Can I retake the Microeconomics final exam?

You get one free retake if you fail it; fail the retake and you restart the course. If you pass and retake it, your first score is the one that counts. Microeconomics quizzes can be retaken as often as you like; the average of your first two attempts counts.

Will my college accept Microeconomics, Managerial Accounting and Business Law?

ACE and NCCRS have over 2,100 cooperating colleges that will consider accepting credits; the final decision is with the universities. Seven of these UPI Study core courses carry ACE and NCCRS recommendations, each for 3 semester hours; Principles of Management is NCCRS only. Search your school in Find My College and ask your registrar how each one counts. It helps to name the subject: NCCRS recommends Microeconomics in Economics and Managerial Accounting in Accounting.

Where these credits can go

ACE and NCCRS have over 2,100 cooperating colleges that will consider accepting credits; the final decision is with the universities.

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  • Indiana Tech logo
  • Columbia Southern University logo
  • University of Arkansas Grantham logo
  • American College of Education logo
  • Nexford University logo
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  • Pathways College logo
  • Dunlap-Stone University logo
  • Woodmont College logo
  • University of Management and Technology (UMT) logo
  • Crestpoint University logo
  • Maestro University (formerly Bottega University) logo
  • Gracelyn University logo
  • EC-Council University logo

Plus many more partner colleges and ACE and NCCRS cooperating colleges.

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Keep exploring

Check your college first

ACE and NCCRS have over 2,100 cooperating colleges that will consider accepting credits; the final decision is with the universities.

Sources (6)

UPI Study facts are from our course catalog, syllabi and course rules.