|
School of Business
Economics Major
A student pursuing a bachelor of science in business administration degree can choose to major in economics. Economics explains how markets allocate resources to promote our material well-being. It helps students develop a framework for understanding how events affect different markets for goods and services and how the aggregate functioning of the markets determines output, employment and prices. The economic framework is also widely used by managers within firms to assign resources to different activities. Students are also able to evaluate government policies designed to stabilize the economy, redistribute income, regulate industries, and foster international trade.
Economics offers a broader view of the economy than other business related majors. The emphasis is on developing logical thinking, which aids in decision making and problem solving skills. Graduates are well prepared for careers in the public and private sector and receive an excellent background for furthering their education at graduate or professional schools. |