Frequently Asked Questions

The Tippie College of Business has implemented a change in the Business Core requirements. MSCI:2800 Business Analytics is a new course that is replacing ECON:2800 Statistics for Strategy Problems. This change applies only to Tippie majors. Economics Bachelors of Arts students should discuss this change with their advisor.

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Why did the core requirement change?

Tippie seeks to prepare you for the modern business world in which analytics is a central skill for success—whatever your major or job. It is critical to transforming data into insights, and in supporting data-driven decision-making. Additional analytics topics needed to be added that were inquiry based, hands on, using real data sets, and using Excel as the primary analytic tool. Learn more about the need for analytics.

What are the differences between ECON:2800 Statistics for Strategy Problems and MSCI:2800 Business Analytics?

MSCI:2800 Business Analytics will utilize many of the statistical tools taught in ECON:2800 Statistics for Strategy Problems. It will take these tools one-step further by teaching you how to connect these skills with data to make decisions. The course will discuss data preparation, data visualization, and statistical tools such as ANOVA, regression, and chi-square testing. Additionally, it will use Microsoft Excel as its central analytics tool.

What if I have already taken ECON:2800 Statistics for Strategy Problems?

If you have already taken ECON:2800 Statistics for Strategy Problems, you have met the requirement and do not need to enroll in MSCI:2800 Business Analytics.

If you received transfer credit for ECON:2800 Statistics for Strategy Problems, your transfer credit will fulfill the requirement, and you do not need to take MSCI:2800 Business Analytics.

If you elect to enroll in MSCI:2800, after completing ECON:2800 Statistics for Strategy Problems, both will be counted in your GPAs, and you will not earn credit toward graduation for both (it will be duplication). 

I am currently enrolled in ECON:2800 Statistics for Strategy Problems. What should I do?

Continue your enrollment in ECON:2800 Statistics for Strategy Problems to follow your academic plan. Changing your registration can significantly affect your course sequencing and has the potential to impact your graduation timeline. If you have concerns about this, please contact your academic advisor before making a change.

I plan to take this course at another institution. What are my options?

Courses that were previously approved as equivalent to ECON:2800 Statistics for Strategy Problems will count as equivalent to MSCI:2800 Business Analytics for one year, until January of 2019, at which point the existing equivalency will expire and a new syllabus will need to be reviewed. You can check for approved equivalent courses in the area you will be enrolling on Transferology. Be sure to check with your advisor before taking any courses at another institution. Note: if you do not see the course you are looking for, it may not have been reviewed yet, so see your advisor.

I need to repeat ECON:2800 Statistics for Strategy Problems. What are the second-grade-only options?

Students planning to use a second-grade-only option for ECON:2800 have two options:

  1. MSCI:2800 Business Analytics can be used to second-grade-only option ECON:2800 Statistics for Strategy Problems. This means that if you have previously taken ECON:2800, and are eligible to use a second-grade-only option, you can enroll in MSCI:2800 and use the grade to replace the grade from ECON:2800 in your GPA. It is important to note—the approach in these courses is different. While there will be some overlap, you should prepare for enrolling in a course with a different approach and delivery. It is also important to note that this will be a rigorous course.
  2. ECON:2800 will continue to be offered, in the online format only, planned to end summer 2018. As long as it is offered, it can be used to second-grade-only option ECON:2800. Seats in the online section of ECON:2800 will be limited. You should plan to take MSCI:2800 to second-grade-only option ECON:2800 in case the online version fills.

What are the prerequisites for MSCI:2800 Business Analytics?

  • MATH:1380 Calculus and Matrix Algebra for Business
  • STAT:1030 Statistics for Business
  • MSCI:1500 Business Computing Essentials

See MyUI for a full list of approved equivalents to the prerequisite courses noted above.

Why is ECON:2800 still offered? Which course should I enroll in?

We strongly advise enrolling in the new requirement, MSCI:2800 Business Analytics.

ECON:2800 Statistics for Strategy Problems will continue to be offered in an online format that is available to Tippie students. This is to provide additional time to develop an online section of MSCI:2800 Business Analytics and to meet enrollment demands while the course is transitioned. The in-person version is reserved for Economics Bachelor of Arts students (College of Liberal Arts and Sciences) and will not be open to Tippie students.

The online version of ECON:2800 will be replaced with an online version of MSCI:2800, planned for fall 2018. The last offering of the ECON:2800 is planned for summer 2018. The enrollment capacity for the online version of MSCI:2800 will be significantly lower (40). Once the online version of MSCI:2800 is offered, the online section of ECON:2800 will be discontinued.   

What tools can I use to update my academic plan?

Your degree audit is the best tool to use when making your academic plan. You can also use a major planning sheet alongside your degree audit to review prerequisites and sequencing. Your academic advisor is a great resource to review your plan and answer your questions. Regardless of which course you take, no additional action will be required from you to update your degree audit. Your degree audit will accept either MSCI:2800 Business Analytics or ECON:2800 Statistics for Strategy Problems.

Will there be an honors section?

An honors section of MSCI:2800 Business Analytics will be offered in fall semesters. The first honors section is planned for fall 2018.

What about courses where ECON:2800 Statistics for Strategy Problems was previously a prerequisite?

Departments offering courses for which ECON:2800 Statistics for Strategy Problems is a prerequisite are being contacted. In many cases the new course, MSCI:2800 Business Analytics, will replace ECON:2800 Statistics for Strategy as the prerequisite, but possibly not all cases. Please contact the department of the course you are interested in for confirmation on the prerequisites.

I have more questions. Whom do I talk to about this change?

If you have questions about how this change may affect your academic plan, please contact your academic advisor. If you have questions about the course and new content, contact the course coordinator, Barry Thomas.