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Thread: Economics or Business economics

  1. #1 Economics or Business economics 
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    Hello! I decided to join your fancy looking science forum. This is my first topic.

    I have a problem. After I graduate wich one should I go study: Economics or business economics? Why? How they differ from each other?

    My english isn't very good but I hope my text is at least readable.


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  3. #2  
    Veracity Vigilante inow's Avatar
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    I suggest you study business. You can apply it anywhere. Economics is great, but very academic, and often difficult to apply. When it comes to getting a job, and making good money, studying business seems (to me) to make more sense. That's my opinion. Good luck with whatever you choose.


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  4. #3  
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    In totally agreeing with inow, a Business/Management Degree, will open doors, no Degree in Economics could. Additionally, as the following suggest, your going to get the basics in many fields, business law, business Accounting AND ECONOMICS.

    When you start to look at the degrees you might want to study, it can be really confusing. Business degrees are a perfect example. At first sight, they all have the word “business” in them, and then it’s followed by another word that could also mean business – administration or accounting, or something similar such as marketing or e-Business.

    If you are going to study a degree in Business, the assumption is that you will be entrepreneurial in some way – building your own business, or helping to build someone else’s business. A business degree will give you grounding in the basics of business – business finance and accounting, law, economics, business information systems, and marketing, and then if you have selected a degree such as a B Sc in e-Business, you will spend more time on subjects that support this specialty. After you have gained a degree in business, you will look to find a job in the middle management of medium size corporations, or maybe in a large corporation’s management training program.
    http://www.business-schools-colleges...y-business.asp

    Since most higher learning Schools, with Business or my preference Business/Management also offer Economics and your desires are political, banking or teaching Economics, you could easily switch majors, or advance to a Specialized Business degree.

    Arand, where are you from and do you have an idea what you want to do, after your schooling, Career?
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  5. #4  
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    I'm from Finland. I was thinking that starting my own business would be cool even though I'm not sure what kind of business it would be. Doing economic research would also be intresting. It's hard to say what I would like to do as my job. To my luck I still have almost three years left to make this decision.
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  6. #5  
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    Arand; Possibly Ophiolite, from Scotland and am sure has visited Finland, in his work history (business management) and has tried his hand in private business. He will be around, Monday...

    On researching anything you really don't even need a degree. Even if you have some ideas in an area (say Economics) and if you can find a recognized Author to collaborate with, you might not even need a job.

    On going into business, which has been my life, along with some consulting work, it's not a glamorous endeavor. It depends a great deal on what kind of business your interested in, but in most cases you will have less than a 50/50 change for success (Restaurants 1 in 10 succeed) and unimaginable headaches, today especially from Government. In my case I learned early on (1950's), I was not going to handle working for others and those that hired me for their business venture knew this, except for my own business venture the longest period was about 2 years. On the other hand, you might join the Forbes Richest 500 people on the planet, some years down the road.

    When advising, I always mentioned buying an existing business when possible, especially as you gain knowledge and experience you feel it may have a future under better management, but even this is not fool proof.
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  7. #6  
    Veracity Vigilante inow's Avatar
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    I'll just say this. Research is hard. You must fight tooth and nail to do stuff. You are subject to funding availability and administration whims.

    The ONLY way a person should choose to go into research is if they are extremely passionate about it. They must do it for the sake of their passion, because the work itself is tiring, troublesome, and tedious.

    Doing something more business related, however, allows you to earn a decent income and also at the same time to focus on other things which interest you... Family, friends, food, whatever... This is all more difficult in the research world, where you "publish or perish."

    Business just makes more sense. You may choose otherwise, but since you asked, business is the more practical decision.
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  8. #7  
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    Economy = unemployment
    Business = money

    You decide.
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  9. #8  
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    I'm considering business economics but I would like to hear more some reasons why economics is equal to unemployment or not as good wage level as in business. Dr. Krov could you back up your claims?
    zeninil likes this.
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