©2020 Peterson's LLC. Tell us a little about yourself to get started. As such, Jenkins explained how many students who know they want to go into the general field of business and economics, but aren’t sure what’s route they want to go can benefit from the theory and wide scope of business learned in economics. So, you have to know early on that that’s what you want to do. Further, many graduates find the real-world experience they gain makes the school-to-career transition smoother than alternative degree programs. Economics will be better viewed by employers as the knowledge taught in the degree is far more specific than of that in a general business degree. “Generally I would consider our business degree, and any business degree to be more of an interdisciplinary degree than an economics degree,” said Maia Young, Associate Professor at the Paul Merage School of Business at the University of California, Irvine. However, its basically the 'boring' part of business. CSP proudly offers an online Bachelor of Arts in Business. Concordia University, St. Paul is accredited by the Higher Learning Commission and is a member of the North Central Association. predicted grades gone down - economics 2021. This difference in specialization is clear when you look at some of the main subdivision majors of business schools: accounting, finance, marketing, management, etc., as opposed to the less sectioned economics degrees. ), Join Uni of Surrey for a Q and A on personal statements. However, this means that students will have to decide what they want to narrow their focus to early-on in their academic career. This difference in specialization is clear when you look at some of the main subdivision majors of business schools: accounting, finance, marketing, management, etc., as opposed to the less sectioned economics degrees. The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd. Register Number: 04666380 (England and Wales), VAT No. Economics degree holders are a bit more limited when it comes to the scope of suitable workplaces. And of course, these two groups of students find different things interesting that apply more to one degree than another. Concordia University, St. Paul has been accredited since 1967, with reaccreditation given in 2018. Type above and press Enter to search. It is also very harshly marked. IS economics hard? predicted grades gone down - economics 2021. Any thoughts, advice or past experiences would be great, as well as thoughts on Business-Economics as a degree? Now here's the magic rule of thumb: If you know you want to study economics, then study economics; if you know you want to study business, then study business, but if you aren't quite sure, then study economics . >>. I see Business-Economics as limiting to only one branch of a very wide subject. They can start their own business as well. It also depends what you want to do in the future, Generally, business studies is seen as “easier” and at universities I have seen many people stereotype business people and economics people. Business Studies or Economics? I need advice. Is Economics a good degree for a money mindset? 1282 Concordia Avenue, St. Paul, MN 55104 On the other hand, an economics degree teaches students how to analyze and explain data. “If you’re really interested in real estate or accounting, then business would obviously be the direction to go. Economics students who decide to specialize may find work as industrial, monetary, financial, labor or international economists. Difference #1: The concepts taught in an economics degree are more overarching than those learned in a business degree, as business schools are more aimed at teaching skills that are directly related to business career paths. Tell us a little about yourself to get started. To start, business degrees are usually taught in a separate business school, while economics degrees tend to fall under a school of social sciences. What universities offer geography and economics joint degrees? Of course, it mainly depends on what career you want. © Copyright The Student Room 2017 all rights reserved. Studying economics is an excellent way to gain expertise in problem-solving skills and to cultivate a rational method of observing and solving problems. Business studies also is not as desired as Economics as a subject for universities and/or employers. “Generally economics is considered a pure discipline and in the business school [coursework] is more applied, so the things that the students can take away from a business degree more directly reflect the functional units within a business,” said Young. Calculus, statistics, micro- and macroeconomics and econometrics are a few examples of courses economics majors will be required to complete. Those who earn economics degrees may decide to work as economists in the private or public sectors, including academia and business. With an undergraduate degree in business, students will be prepared to work in the obvious fields of management and marketing, but they will also be able to easily apply their skills to virtually any industry. Home / Blog / Colleges / Economics Degree vs. Business Degree: What’s the Difference? I have taught a little business studies (though never studied it), but my main preference is for Economics. Is RS a good a level to have with business studies? Economics is very similar to business studies. What’s better? One of the main differences in students that graduate from these different schools is that the business students usually want to jump right into their career. You don't need Business studies if you have Economics, Business studies can be picked up much easier. Business or Economics? 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE. The addition of courses in business ethics, organizational behavior and social interaction will help students develop leadership skills and will give them an extensive knowledge of how to run a business. Earning a business degree requires taking courses in a wide array of subjects like management, accounting, computer applications and finance. One of the most popular decisions is to earn a business degree but those interested in business may also find economics to be a good choice for them. To learn more about how we store and use this data, visit our privacy policy here. Find your group chat here >>, Want to help students with their Personal Statement? Because Business principals can be applied in any career, the options are truly limitless for business degree holders. I can only give you insight into my own personal experience as a man who holds a Bachelor's degree in Economics. Business skills teach direct, marketable skills in specific areas of business. Economics is also considered to be an excellent subject for graduate study in the fields of government, business economics, law, labour relations, public administration, and diplomacy. Experienced economists also have the option to work as professors at colleges and universities with further study. Economics explores the wealth of nations, its origins in production and exchange, its allocation among competing uses, its distribution among individuals, and its accumulation or decline. What’s better? Because the professional job market consistently needs business-savvy, qualified, degree-holding professionals, Business graduates will find enormous versatility when it comes to career options. ), i personally think that business sounds more interesting. “Generally I would consider our business degree, and any business degree to be more of an interdisciplinary degree than an economics degree,” said Maia Young, Associate Professor at the, “Economics is thinking about what is socially optimal, so issues of how markets work and how markets fail, and the social implications of tremendous pollution, or inequality or monopoly or infrastructure, things like that,” said Mark Witte, Director of. 6 Tips for Staying Engaged During Remote Learning, Peterson’s Launches New Online Community for Transfer Students, 13 Scholarships Constructed for Engineering Students. What universities offer geography and economics joint degrees? however economics would be the more desirable course. “So, the application to the workplace is more evident because the curriculum really reflects both the challenges of bringing products and services to people and also it reflects the kind of work that people do in businesses.”.