BEM Description:

The Business, Economics and Management (BEM) option provides students with analytical and conceptual tools to succeed in the modern, volatile business environment. The emphasis is on finance, strategy, law and the design of institutions (organizations, markets and networks) in a free-market, competitive or strategic situation, or in politicized environments. Today's business environment is increasingly complex, and consequently the required courses are highly analytical, employing a wide range of theoretical tools, complemented by the analysis of actual business problems. More information is available in the BEM Brochure.

To have a BEM major or double-major, you must

• Choose an advisor (usually from BEM faculty, including Bossaerts, Camerer, Cvitanic, Ledyard, McAfee, but other economics faculty may serve). In spite of the language of the catalog, we do not assign advisors, but instead you should ask the individual you think is most likely to be helpful to serve.
• Inform the registrar's office.
• Meet the following Option Requirements.

Option Requirements
1. Ec 11 (Introduction to Economics)
2. PS/EC 172 (Noncooperative Games in the Social Sciences)
3. BEM/EC/SS 20 ((Scientific Writing and/or Oral Presentation in the Social Sciences), or similar writing/oral presentation course(s).
4. BEM 101 (Introduction to Accounting)
5. BEM 103 (Introduction to Finance)
6. BEM 104 (Investments)
7. BEM 105 (Options)
8. Law 33 (Introduction to the Law)
9. ACM 118 (Methods in Applied Statistics and Data Analysis) or EC 122 (Econometrics)
10. Five courses from BEM Option List, printed below. These may be taken Pass/Fail.
11. 45 additional units of science (including anthropology, economics, political science, psychology, social science), mathematics, and engineering courses; this requirement cannot be satisfied by courses listed as satisfying the introductory laboratory requirement or by any course with a number less than 10). These may be taken Pass/Fail.
12. Passing grades in 486 units, including the above courses.

BEM Option List
• Any BEM course not required above
• Ec 105 (Industrial Organization)
• Ec 106 (Topics in Industrial Organization)
• Ec 116 (Contemporary Socioeconomic Problems)
• Ec 121 ab (Theory of Value)
• Ec 122 (Econometrics)
• Ec/SS 129 (Economic History of the United States)
• Ec/SS 130 (Economic History of Europe from the Middle Ages to the Industrial Revolution)
• Ec 123 (Macroeconomics)
• Ec 131 (Market Design)
• Ec 132  (Auctions)
• Ec 135 (Economics of Uncertainty and Information)
• Ec 145 (Public Finance)
• Ec/PS 160 abc (Laboratory Experiments in the Social Sciences)
• PS/Ec 173 (Cooperation and Social Behavior)
• Law 134 (Law and Technology)
• Law 135 (History of  Anglo-American  Law)
• PS 12 (Intro to Political Science)
• Psy 15 (Social Psychology)
• Psy 20 (Introduction to Cognitive Psychology)
• ACM 113 (Introduction to Optimization)
• ACM 116 (Introduction to Probability Models with Applications)
• MA 112a (Statistics)
• Other courses with permission of BEM option representative

.

Typical Schedule		Units
Course	Description	F	W	S
Second Year
Ma 2 ab	Sophomore Mathematics	9	9	-
Menu Course		-	-	9
Ec 11	Introduction to Economics	9	-	-
BEM 101	Introduction to Accounting	9	-	-
Law 33	Introduction to the Law	9	-	-
BEM 106	Competitive Strategy	-		9
PS/EC 172	Noncooperative Games in Social Science		9
Electives/Option requirements		-9	27	27
Subtotal		45	45	45
Third Year
BEM 103	Introduction to Finance	9	-	-
ACM 118	Methods in Applied Statistics and Data Analysis	9	-	-
Electives/Option requirements		27	45	45
Subtotal		45	45	45
Fourth Year
Electives/Option requirements		45	45	45

Document Date: July  01, 2013
BEM Option Representative: Jaksa Cvitanic, 319 Baxter Hall, 626-395-1784, cvitanic@hss.caltech.edu