Bachelor in Business (Political Economy and Commerce)


Program Description

Monmouth College has a distinctive approach to the study of commerce; thus the name Political Economy and Commerce. The program is founded on a bedrock belief that individuals are continually developing innovative new processes to solve problems in a world of constant change that embraces the best of the liberal arts traditions and values.

Students will learn to understand spreadsheet analysis, the operation of markets, the basic concepts of marketing and the essentials of management, in order to function effectively in the global economy. The differences between traditional business programs and Monmouth’s approach are dramatic. The focus is long-term rather than short-run. It is the difference between managing today’s problems and being prepared for tomorrow’s change. It is more than just training for a job at graduation; it is an education for a lifetime of personal and professional growth.

The Program

Business is Monmouth College’s largest major. From the freshman to the senior year, the percentage of students who are business majors and minors continuously grows. The curriculum focuses on the real world of global commerce versus the theoretical world of textbook models. The Department’s focus on broad-based, long run phenomena means students are less tied to specific occupations and can take advantage of opportunities when they arise.

At the beginning and the end of our program, students take a specifically designed “big picture” course. Between the introductory overview and synthesizing capstone experience, students take traditional discipline-based courses taught from a somewhat broader perspective. Students are firmly grounded in the basics of economics, accounting, management, marketing, finance, and law rather than narrowly trained within one of these functional areas. The goal is to enable students to see how the pieces fit together today, appreciate how those pieces were shaped by the unique historical circumstances that created them and imagine how those pieces might be reassembled to make a different picture tomorrow.

Department Facilities and Equipment

The Political Economy and Commerce Department is housed in the Haywood Business Wing of the new $42 million dollar Center for Science & Business. Former President Bruce Haywood’s philosophy and leadership were the inspiration that led to the creation of the Department’s unique and successful approach to undergraduate business education. Comfortable classrooms and numerous individual and team-study spaces are popular with students.

Off-Campus Programs

The Political Economy and Commerce Department encourages and facilitates the participation of its majors in a range of off-campus programs. Business Administration majors regularly participate in the Associated Colleges of the Midwest (ACM) Washington Semester program which permits them to take classes at American University and have an internship experience with either the federal government, a Washington think tank, a trade organization, or a congressional committee.

The Department has exchange agreements with business programs in Scotland and Japan and several students participate in these opportunities each year. The ACM Urban Studies program in Chicago offers the opportunity for students to gain experience in economic development, urban economics, and internships in the city. The department regularly offers a course entitled "Midwest Entrepreneurs," in which a large number of in-class speakers share both their stories and insights with junior and senior majors. A significant number of business majors participate in internships both locally during the semester and off-campus during the summer.

Graduate School Opportunities

Although some majors choose to receive further specialized education in graduate school, most enter the job market after graduation and find success there. Graduates have entered careers in a large number of fields and industries and they have been particularly successful in banking and finance-related positions. They can be found in nearly all the sectors of the economy, working in both management and staff positions. Departmental majors frequently earn teaching or research assistants in their graduate school programs.

Career Opportunities

  • Accountant
  • Appraiser
  • Purchasing Agent
  • Public Relations Specialist
  • Production Superintendent
  • Finance Manager
  • Human Resource Manager
  • Bill and Account Collector

Program Requirements

Requirements for the Business Administration Major:

  • ACCT 203 Accounting Foundations I
  • BUSI 201 Introduction to Business Problem Solving
  • BUSI 105 Introduction to Commerce
  • BUSI 205 Business Math & Statistics
  • BUSI 218 Business Writing
  • BUSI 305 Administration and Organization
  • BUSI 306 Business Finance
  • BUSI 307 Principles of Marketing
  • ECON 200 Principles of Economics

One of the following three courses:

  • BUSI 405 Strategy and Structure
  • BUSI 406 Applied Business Strategy
  • BUSI 409 International Business Strategy

One of the following two courses:

  • ECON 300 Intermediate Price Theory
  • ECON 301 Intermediate Macroeconomics

Also required are three additional 300+ level courses from the offerings in business administration, accounting, and economics. Students are encouraged, but not required, to enroll in advanced writing or communication courses.

Students planning to gain an MBA are encouraged to enroll in Calculus. A student must earn at least a grade of C− in all prerequisites before taking a required course.

Requirements for the Business Administration Minor:

  • ACCT 203 Foundations of Accounting I
  • BUSI 201 Intro to Business Problem Solving
  • BUSI 105 Introduction to Commerce
  • ECON 200 Principles of Economics

Two of the following three courses:

  • BUSI 305 Administration and Organization
  • BUSI 306 Business Finance
  • BUSI 307 Principles of Marketing

Plus one additional 300 level business course.

Honors Program in Business:

By invitation and application, students prior to the spring semester of their junior year are selected for an honors program of participation, research, and presentation on contemporary management and economic policy issues. This program involves a sequence of one-semester-hour courses offered each of the student’s last three semesters at Monmouth College.

Last updated Aug 2020

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About the School

Monmouth College is a private, selective, residential, national liberal arts college, offering majors in the natural sciences, social sciences, arts and humanities, as well as outstanding academic adv ... Read More

Monmouth College is a private, selective, residential, national liberal arts college, offering majors in the natural sciences, social sciences, arts and humanities, as well as outstanding academic advising, small, seminar-style classes, varied internship and study abroad opportunities, and summer research experiences to thoughtful, intellectually engaged and ambitious students. Read less