Today, business needs leaders with vision and persons who can think analytically. The B.A. degree with a major in economics and business from Hendrix College meets these needs by providing both a liberal arts education and specialization in economics and business.
The broad liberal arts program at Hendrix College, composed of a study of western intellectual traditions, other cultures of the world, and planned sequences of courses in the humanities, natural sciences, and social sciences, enhances the student's ability to think and make informed choices in today's society.
The economics and business program at Hendrix provides students with the fundamental knowledge necessary for an integrated understanding of economics, accounting, and finance so that they are able to make rational and enlightened decisions in the business world.
What is included in the study of economics? An analysis of the forces of supply and demand in both aggregate and individual markets contributes to a greater understanding of the factors that influence the value of goods and services and the wealth of nations and individuals. Topics in the economics curriculum include the following:
- inflation, unemployment, government deficits, interest rates, international trade, and the economic impact of various monetary and fiscal policies; and
- the resource allocation effects of market structures and the regulation of business and trade.
What is included in the study of business? An understanding of business is achieved primarily through comprehensive study of the following:
- Accounting - A knowledge of the financial aspects of a business enterprise is obtained through an understanding of the principles and procedures of accumulating, measuring, and interpreting the data used in financial reporting and in managerial decision-making.
- Finance - An understanding of the capital structure of a business enterprise, rates of return on investments, and the financial management of resources enhances a person's overall business acumen. At Hendrix, the area of finance is studied within the accounting and economics courses, as well as in specialized courses in financial management and investments.
- Statistics and Computer Programming - Quantitative analysis of financial data is necessary for budgeting, forecasting, and managerial decision-making. Computer software packages, such as Lotus 1-2-3 and Statview, are employed throughout the curriculum.
- Business Law - An understanding of contracts, negotiable instruments, the court system, and the legal aspect of business is essential in today's society.
In addition to the usual major in economics and business, a student may declare a special emphasis in the following areas:
- Accounting
- Economics
- Economics/Mathematics
- Computer Studies
Master's Degree Program - A fifth year master's degree is available for CPA candidates.
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