The Economics Department offers several unique opportunities for Economics majors including the Business Economics Option Program and the Math-Econ Track
Business Economics Option Program
The BEOP allows economics majors to take a set of restricted accounting and finance courses in UT’s McCombs School of Business. By taking accounting and finance classes alongside business majors, BEOP students explore complementarities between economic analysis and business, thereby strengthening the quantitative and analytical skills they acquire as economic majors. BEOP classes can satisfy a minor in Business Administration, Accounting, or Finance. The minor designation appears on the student’s degree audit. Upon completion BEOP students may request a letter of recognition from the Department of Economics.
To be eligible for the Business Economics Option Program, a student must:
- be a declared Economics major
- have a UT cumulative GPA of 3.0 or higher
- have an Economics GPA of 3.0 or higher (based on economics courses taken at UT)
- have earned a grade of C minus or better in ECO 420K
There is no deadline to apply. Submit application after ALL eligibility requirements have been met to the Economics Undergraduate Advising Office in-person at BRB 1.114, or via fax to 512-471-3510, or via email to firstname.lastname@example.org
Students must select one track to pursue: Business Administration, Accounting, or Finance.
- Business Administration—ACC 311, ACC 312, FIN 357, FIN 367
- Accounting—ACC 311, ACC 312, two upper division accounting electives*
- Finance—FIN 357*, FIN 367, two upper division finance electives*
*FIN 357 requires ACC 311 & ACC 312 as prerequisites
*Electives commonly available to BEOP students are: ACC 326, 327, 329, and 362.
*Electives commonly available to BEOP students are: FIN 371M, 372, 374C, 374S, 376, 377 (Topics 1,2,5).
Please review the prerequisites for these courses below and be aware BEOP students may take no more than two business courses per semester. Plan accordingly!
Prerequisites for BEOP students:
- ACC 311 Fundamentals of Financial Accounting
- Prerequisite: 24 semester hours of college credit
- ACC 312 Fundamentals of Managerial Accounting
- Prerequisite: ACC 311
- FIN 357 Business Finance
- Prerequisites: ECO 329 (in place of STA 309), ACC 311, credit or registration for ACC 312. BA 324 is waived for BEOP students.
- FIN 367 Investment Management
- Prerequisites: FIN 357 and ECO 341K (in place of STA 371G).
- ACC Electives
- Prerequisites: Vary by topic, see course schedule. Electives commonly available to BEOP students are: ACC 326, 327, 329, and 362.
- FIN Electives
- Prerequisites: Vary by topic, see course schedule. Electives commonly available to BEOP students are: FIN 371M, 372, 374C, 374S, 376, 377 (Topics 1,2,5).
Note that students are strongly encouraged to take BEOP classes in summer. Here’s why:
- In general there is less demand for BEOP classes in summer—that means more open seats. Most (but not all) BEOP classes are offered in summer—talk with an advisor to plan ahead.
- In fall and spring semesters you must wait to access any upper division BEOP classes until after business upperclassmen have registered. In summer you can register during your initial registration access period—no waiting.
- In fall and spring semesters BEOP students need to request prerequisite waivers for FIN 357 & 367. In summer BEOP students do not need a waiver in order to register (but do need to meet the prerequisites stated above). No waivers and no waiting!
Registration in any BEOP class in any semester is subject to availability. Graduating seniors unable to secure a seat can contact our office for a graduating semester confirmation letter to submit to McComb’s for priority consideration. This does not guarantee you a seat! Register at your earliest opportunity and use the waitlists if available!
REGISTERING FOR ACC 311 & ACC 312
Once admitted to the program you will be able to register yourself in ACC 311 and ACC 312* during your registration access time. No waivers needed, no waiting for access!
See your Registration Information Sheet for registration access times.
*ACC 312 requires ACC 311 as prerequisite.
*If you take ACC 311 outside UT and plan to take ACC 312 at UT in the following semester, you will not be able to register for ACC 312 until you can show proof you have completed ACC 311.
REGISTERING FOR FIN 357 & FIN 367
For registration in FIN 357 & FIN 367* in a fall or spring semester you will first need to request a prerequisite waiver. See instructions below. Once processed, you can register yourself in FIN 357 or FIN 367.
In summer sessions waivers are not required and there are no restrictions, you can register yourself during your first registration access period—no waivers and no waiting!
How to Request a Waiver for FIN 357 & FIN 367
BEOP students will get an email notice from the Economics Advising Office a couple of weeks prior to the initial registration access period for the upcoming semester. The email will have instructions and a deadline for submitting a waiver request online (see waiver request links below). Waivers requested online will be processed at 5 p.m. on the first Friday of the first week of registration. Be aware this date may be AFTER your initial registration access date-- the delay in access is in order for McCombs to give upperclassmen business majors priority. You will not be notified when the waiver is processed, so we recommend you keep trying to add the class (during your registration access time on or after that Friday) until you are successful.
If you join BEOP after the initial registration access period for the upcoming semester you will miss the online submission— so be sure to indicate your waiver request on your BEOP application or contact our office (BRB 1.114, 512-471-2973, email@example.com). It may take up to 24 hours (after we submit the waiver request to McCombs) for it to be processed and for registration to be enabled. You will not be notified when the waiver is processed, so we recommend you keep trying to add the class during your registration access time until you are successful.
*For FIN 357—BA 324 is waived, ECO 329 subs for STA 309. Credit or registration for ACC 312 is required.
*For FIN 367-- ECO 341K subs for STA 371G. Credit for FIN 357 is required.
Spring 2015 Online Waiver Requests:
REGISTERING FOR ACCOUNTING TRACK ELECTIVES
If you are an Accounting Track student you can register yourself in up to two electives from an approved set of upper division accounting classes* starting at 5pm on the Friday of the first week of registration for the upcoming semester. Be aware this date may be AFTER your initial registration access date-- the delay in access is in order for McCombs to give upperclassmen business majors priority. NO WAIVER IS REQUIRED. You must meet the stated prerequisites.
* Approved accounting classes commonly available to BEOP students are: ACC 326, 327, 329, and 362. Course offerings and access may vary by semester. BEOP students do not have access to the following accounting classes: classes that are restricted to integrated MPA students, internship classes, practicums, writing flags, honors classes, or independent research classes.
* BEOP students cannot take more than TWO business classes per semester. Please plan accordingly!
REGISTERING FOR FINANCE TRACK ELECTIVES
If you are a Finance Track student you can register yourself in up to two electives from an approved set of upper division finance classes* starting at 5pm on the Friday of the first week of registration for the upcoming semester-- the delay in access is in order for McCombs to give upperclassmen business majors priority. Be aware this date may be AFTER your initial registration access date. NO WAIVER IS REQUIRED. You must meet the stated prerequisites.
* Approved finance classes commonly available to BEOP students are: FIN 371M, 372, 374C, 374S, 376, and 377 (Topics 1,2,5). Course offerings and access may vary by semester. BEOP students do not have access to the following finance classes: internship classes, practicums, writing flags, honors classes, or independent research classes.
* BEOP students cannot take more than TWO business classes per semester. Please plan accordingly!
Upon successful completion of a BEOP Track, you will be eligible to receive a letter of recognition from the Economics Department. BEOP students will get an email notice from the Economics Advising Office near the end of each semester. The email will have instructions and a deadline for submitting a recognition letter request online. If you submit a request, we will confirm you meet the requirements and mail your recognition letter to the address you have on file with the University. You should receive your letter a couple of weeks after the end of the semester. If you miss this email/deadline, please contact our office (BRB 1.114, 512-471-2973).
If you wish to use your BEOP Track to satisfy your minor you need to declare it in the Economics Advising Office, BRB 1.114. Your minor would be declared as Business Administration, Accounting, or Finance depending on your chosen track. Economics majors are required to complete a minor. A minor requires four courses in a single discipline, they must all be taken for-a-grade, with a minimum grade of D- in each course, at least two of the courses must be upper division and at least two must be taken in-residence. Your declared minor is documented on your degree audit and can be included on a resume. Minors are not listed on your diploma or your transcript.
Q- Is the BEOP a separate major/degree?
A- No. Students in the BEOP are completing a BA in Liberal Arts with a major in Economics, just like any other economics major. BEOP students’ major code and major title are amended to reflect that they are in the program, but their actual major does not change. The BEOP classes can satisfy a minor in Business Administration, Accounting, or Finance depending on your chosen track.
Q- Does being in BEOP give me access to McCombs resources such as career services?
A- No, BEOP is not a major within the Business School so you would not have access to their resources. However, McCombs has recently begun allowing non-business majors access to their career fairs.
Q- I plan to apply to the BEOP but I am currently taking ECO 420K. Can I go ahead and register for the first BEOP class?
A- No (sorry!). You have to have a posted grade of C- or better in ECO 420K in order to be admitted to the BEOP and have registration access to the BEOP classes. As soon as your grade is posted, turn in your BEOP application, so that you will have access for the next add/drop period.
Q- I transferred ACC 311 and ACC 312 from another school. Can I count them toward the BEOP?
A- Yes. In fact, some students who need more time to fulfill BEOP eligibility requirements take ACC 311 and 312 at ACC to get a head start on the program.
Q- What is the difference between the Business Foundations Program and BEOP? Which one should I choose?
A- BEOP is a set of restricted business major level accounting and finance classes. Access is restricted to those who qualify. Upon completion students receive a letter of recognition from the Economics Department and the courses can satisfy a minor in Business, Accounting, or Finance depending on the chosen track. The program offers rigor, depth, and the opportunity to earn significant credit hours in accounting or finance– which is of particular value to students who plan to work in the accounting/banking/finance arena, or who plan to pursue an MBA, or graduate study in accounting or finance.
Business Foundations offers an introductory non-business-major-level knowledge in a variety of business subjects: accounting, information systems, finance, business law, international business, marketing, management, and entrepreneurship. The program is open to all majors and there is no application on the front end (students apply for the certificate after completing the classes). The classes are open to anyone. Students can use BFP classes to satisfy a minor in Business Administration and can receive an official UT certificate upon completion. This program may be of value to students interested in a broader foundation in business and/or for those who wish to develop a diversified skill-set for multiple, or as yet undefined, future goals.
Q- The application says you need a 3.0 UT ECO GPA. What does that mean?
A- It means you have to have a 3.0 GPA based on all economics courses taken at UT. Transferred economics courses are not considered, nor are credit-by-exam courses in which CR was assigned instead of a letter grade.
Q- Is the BEOP officially recognized in some way? Is there a certificate?
A- There is not a certificate for BEOP. It is not listed on your degree or your transcript. You can use it to complete a minor in Business Administration, Accounting, or Finance—depending on the track you choose. The Economics Department Advising Office will provide you with a letter of recognition for completing the program, upon request, after verifying your completion of the program. The BEOP courses will be listed on your transcript. Access to, and completion of, these valuable business courses is the main reward.
Q- I'm not sure which track to do. Can I do more than one track?
A- No, unfortunately with our limited resources we cannot support students doing multiple tracks. Students must pursue one track only and will be recognized for one track only. Students can, however, switch tracks. Notify the advising office in that case.
The Math-Econ Track offers a specialized course of study for economics majors wanting to build analytical and quantitative skills for graduate study or careers in economics and business. The Math-Econ coursework satisfies economics major, math minor, and general elective requirements. A letter of recognition from the Economics Department is awarded to students who successfully complete the track. We are not currently accepting new applications.