Liberal Arts & Professional Studies
Gain insight into critical business topics. Learn about strategic competition, the organization of firms and international issues facing businesses in the changing global marketplace.
Business Economics combines economic theories with the field of business administration. This field of study is concerned with the study and consequences of scarcity and strategic competition. Individuals, households, businesses and nations all experience some level of scarcity in that they do not possess all the resources to satisfy all their wants and needs. Decisions have to be made to balance those scarce resources in order to improve what can be achieved with them.
The Business Economics program is concerned with how:
- these decisions are made;
- the resources of a nation or business are allocated and utilized in the production of goods and services; and
- the rewards of these activities are distributed.
You will become acquainted with all the activities which illustrate the practical nature of the subject, such as government reports, articles in newspapers and periodicals and examples from daily life. This program focuses on the use of economic analysis and statistical methods to deal effectively with economic problems in practical business fields. By applying economic theory to business management, you will become familiar with the analytical and decision-making techniques used in the business world and with the public and private institutional environments within which businesses operate.
Possible Career Paths
Business Media Correspondent, Banker, Commodity Trader, Entrepreneur, Financial Advisor, Financial Analyst, Fund Manager, Industry Analyst, Portfolio Manager, Stock Analyst, Strategic Planner
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