Curriculum

Programs

Majors

Minors

The following are descriptions of the majors and minors along with their requirements.

Accounting

The study of accounting at Randolph-Macon College provides students with the opportunity to become fluent in the language of business within the unique setting of a liberal arts education. Students study accounting in an active learning environment incorporating theories and concepts from the fields of accounting, business, and economics. They learn to understand and appreciate the complex nature of business organizations. A major in accounting prepares students for a career in all business environments and provides an excellent foundation for graduate studies in such fields as accounting, business, taxation, and law.

Requirements for a Major in Accounting

Course Map for Accounting Major (PDF)

  • Must complete either MATH 111 or MATH 113;
  • Must complete ECON 201, 202, 323;
  • Must complete BUSN 313 or 343;
  • Must complete ACCT 221, 222, 321,322, BUSN 336, CSCI 106;
  • Must complete four approved elective courses from among the following ACCT 362, 367, 372, 375, 385, 421, 450. No more than 3-hours of internship or field study credit can be counted on the Accounting major.

Students are also urged to begin planning in the first semester of the freshman year, commencing course work no later than the fall of the sophomore year. Care must be exercised in planning course schedules as some classes are not offered every year. Note: Students considering graduate studies in Accounting, Business, or Economics are strongly encouraged to complete MATH 131 or MATH 141.

Requirements for a Minor in Accounting

  • Must complete ACCT 221, 222, 321, 322;
  • Must complete two elective courses in accounting from the following: ACCT 362, 367, 372, 375, 385, 421, 450.

All accounting majors and minors are encouraged to enroll in business law, computer science, and speech. If graduate studies in Accounting is anticipated, students should enroll in MATH 131 or MATH 141 (calculus).

Preparation for the CPA Exam

Students planning to sit for the Uniform CPA examination should consult with their individual state Board of Accountancy to determine the requirements for admission to the examination.  The Virginia State Board of Accountancy requires candidates to have completed 120 hours prior to sitting for the exam.  Those hours should include 30 of accounting and 24 of economics and business classes.  Accounting majors at RMC considering taking the exam should plan to take an additional 2 classes in upper-level accounting and 1 additional class in economics or business over the requirements for the accounting major in order to meet these requirements.  It also is highly recommended that CPA candidates take a reputable CPA review class.  In order to be certified, a CPA candidate must have completed 150 hours.  These additional hours can be met in a variety of ways, including advanced placement credit, summer school, and graduate school.  Consult with Professor Staples for additional information.

Business (Effective Fall 2015)

 Course map for Major in Business (PDF)

A major in business offers students the opportunity to explore theories and concepts from accounting, business, and economics. Students study in an active learning environment and begin to understand and appreciate the complex nature of business organizations through applied economic theory. A major in business prepares students for a career in all business environments and provides an excellent foundation for graduate studies in such fields as business and law. The major in business requires a common core of courses plus one of four concentrations: Management, Finance, or International Commerce. All courses in the core and in each concentration must be completed with a grade of C- or better.

Core Requirements for a Major in Business

  • Must complete MATH 111 or MATH 113
  • Must complete CSCI 106
  • Must complete ECON 201, 202, 323
  • Must complete ACCT 221 and 222
  • Must complete BUSN 313, 336, 343, and 380
  • Must complete BUSN 101. This course is a prerequisite for ACCT 222, BUSN 343, and 313 and is recommended to be completed no later than the first semester of the sophomore year. Students may substitute BUSN 111 for BUSN 101 with departmental approval.

Students considering graduate studies in business are strongly encouraged to complete MATH 131 or MATH 141 (calculus).

The requirements for a Major in Business with a concentration in Management

A concentration in Management prepares a student for further study and career options in generalized business careers. Students interested in general management, small business or entrepreneurship careers should consider a Management concentration. In addition to the common core, a student declaring a concentration in Management must take three required courses and one departmental elective.

  • Must complete BUSN 425
  • Must complete two from the following: BUSN 226, 312, 390, or ECON 312
  • Must complete one additional ACCT, BUSN, or ECON course at the 200 level or higher. BUSN or ECON 450 requires department approval.

The requirements for a Major in Business with a concentration in Finance

A concentration in Finance prepares a student for further study in financial theories and financial analysis and career options in financial analysis, reporting, and markets. Students interested in banking or financial analyst careers should consider a Finance concentration. In addition to the common core, a student declaring a concentration in Finance must take three required courses and one departmental elective.

  • Must complete: BUSN 337
  • Must complete two from the following: ECON 312, 324, or 361
  • Must complete one additional ACCT, BUSN, or ECON course at the 200 level or higher. BUSN or ECON 450 requires department approval.

The requirements for a Major in Business with a concentration in International Commerce

A concentration in International Commerce prepares a student for further study and career options in International Business, including domestic firms with international subsidiaries or key suppliers. Students interested in international business careers should consider an International Commerce concentration. In addition to the common core, a student declaring a concentration in International Commerce must take three required courses and one departmental elective.

  • Must complete three from the following: BUSN 310, 370, ECON 380, 382, 383, FREN 273, SPAN 301
  • Must complete one additional ACCT, BUSN, or ECON course at the 200 level or higher. BUSN or ECON 450 requires department approval.

Economics

 Course Map for Major in Economics (PDF)

Economics is the study of scarcity, choice, and trade-offs. Scarcity exists because productive resources are limited but human wants are unlimited. As a result, all societies, households, and firms must make choices and these choices inevitably involve tradeoffs. The major in economics develops the essential skills for understanding economic problems in many contexts. It prepares students for careers in all business environments and provides an excellent foundation for graduate studies in economics, business, public policy, and law.

Requirements for a Major in Economics

  • Must complete ECON 201, 202, 323, and 324
  • Must complete MATH 111 or MATH 113
  • Must complete six elective courses from the following: ECON 312, 340, 350, 357, 361, 370, 380, 382, 383, 391, 392, 440, 442, 445, 450, 451, 481, 482, 491, 492, 496-498, BUSN 336, 370, HONR 266, FYEC128, FYEC146, or FYEC171.
  • Must complete two approved courses in a related field: Sociology, Psychology, Political Science, Computer Science, Mathematics, History, or Business.

Note: Students considering graduate studies in Accounting, Business, or Economics are strongly encouraged to complete MATH 131 or MATH 141.

Requirements for a Major in Economics with International Emphasis

  • Must complete ECON 201, 202, 323, 324, and 380
  • Must complete MATH 111 or MATH 113
  • Must complete three courses from the following: BUSN 370, ECON 382, ECON 383, or approved Wroxton College courses. An internship in international economics may be substituted for one of the three elective courses.
  • Must complete two elective courses from the following: ECON 312, 340, 350, 361, 370, 391, 392, 440, 442, 445, 450, 451, 481, 482, 491, 492, 496-498, FYEC146, or FYEC171.

Requirements for a Minor in Economics

  • Must complete ECON 201, 202, 323, and 324;
  • Must complete two elective courses from the following: ECON 312, 340, 350, 357, 361, 370, 380, 382, 383, 391, 392, 440, 442, 445, 450, 451, 481, 482, 491, 492, 496-498, or HONR 266.

Note: Students considering graduate studies in Economics are strongly encouraged to complete MATH 131 or MATH 141 (calculus).

Economics/Business

Note: This major is not available for admissions after fall term 2014.

A major in economics and business offers students the opportunity to explore theories and concepts from accounting, business, and economics. Students study in an active learning environment and begin to understand and appreciate the complex nature of business organizations through applied economic theory. A major in economics and business prepares students for a career in all business environments and provides an excellent foundation for graduate studies in such fields as business and law.

Requirements for a Major in Economics/Business

  • Must complete ECON 201, 202, 323, and 324
  • Must complete ACCT 221 and 222
  • Must complete MATH 111 or MATH 113
  • Must complete three approved elective courses in Economics from the following: ECON 312, 340, 350, 357, 361, 370, 380, 382, 383, 391, 440, 442, 445, 450, 451, 452, 455, 491, 492, 496-498, HONR 266
  • Must complete a minimum of 15 additional hours in ACCT or BUSN at or above the 200 level as follows:
  • Must complete either BUSN 313 or 343
  • Must complete a minimum of 2 courses from both Group A and Group B

Group A: BUSN 226, 313, 380, 425

Group B: BUSN 342, 343, 336, 370

No more than one ACCT course above the 200 level may be counted on the major.

Note: Students considering graduate studies in Business are strongly encouraged to complete MATH 131 or MATH 141 (calculus).

Capstone experiences offered by the Department of Economics/Business include: ACCT 450, BUSN 425, BUSN 450, BUSN 451, BUSN 455, ECON 440, ECON 450, ECON 451, and ECON 455. Senior Independent Studies and Senior Projects also are offered but they must be approved in advance by the chair of the department before they will count as a capstone experience.

Last updated: 1/10/2017