Economics and Business Administration Mission Statement
The purposes of the undergraduate program in Business at Framingham State University are: to provide students with a high quality education; prepare students for employment or graduate study in economics or business; and prepare students for imaginative and responsible citizenship and leadership roles in business and society, domestic and world-wide.
The Mission of the undergraduate business program contributes to and is aligned with the existing College mission by advancing the College goals of integrating “business and its applications throughout the curriculum” and assisting in fulfilling the workforce needs of the Commonwealth with emphasis on the MetroWest Region.
Economics and Business Administration Majors Learning Objectives
- A working knowledge of economic principles, financial accounting and managerial finance.
- The ability to understand writings found in reputable newspapers, journals and periodicals.
- The ability to access available sources of information pertinent to the study of an economic or business problem.
- Mathematical skills adequate for the expression and manipulation of economic relationships and the expression and solution of business problems.
- Empirical skills for collecting, manipulating, analyzing, interpreting and making use of data.
- Competencies in computer software applications.
- Knowledge of basic business functions and how to apply them in response to internal and external environmental factors.
- The ability to synthesize information, diagnose situations and prescribe solutions as a reflective decision-maker.
- The ability to integrate knowledge acquired inside and outside of the classroom into a broad understanding of business systems.
- The ability to think critically, act ethically and communicate effectively as individuals, in team settings and as part of an organization.
- To apply an integrated interdisciplinary analysis to decision-making and leadership practices.
- The ability to apply appropriate knowledge concepts as intellectual tools of analysis for business situations.
- An understanding of the integrated nature of a business organization and how to act effectively within one.
- The ability to apply analytical, planning, control systems, operating and evaluation skills to complex business situations.
- An understanding of the microeconomic and macroeconomic context, both domestic and international, within which business firms operate.
- The global awareness necessary to operate in the 21st century.