What is Business Economics?
The study of economics focuses on the components and functions that influence marketplaces and economies as a whole. Business economics applies the study of microeconomics, macroeconomics, the effects of individual decisions, to the context of a corporation or smaller-sized business. By translating broad economic theory into practical business strategy, business economics helps organizations make informed decisions about pricing, production, investment and growth. This applied approach enables companies to respond to market trends, manage risk, allocate resources efficiently and drive innovation. While traditional economics often examines large-scale systems and public policy, business economics focuses on real-time decision-making within firms, shaping how businesses compete, expand and contribute to economic development and global markets.
The College of Business offers a comprehensive range of courses designed to provide its majors with a solid foundation in key principles, practices and technical competencies essential for a comprehensive and exceptional business education. Students within this college will be exposed to a core curriculum that encompasses a set of essential courses. These courses include ACCT 2010, ACCT 2020, ECON 1010, ECON 1020, MGT 2010, IMGT 2400, FIN 2100, MGT 2100, MKT 2100, DSCI 2100 and MGT 4800, ensuring a well-rounded and high-quality educational experience.
What can you do with a B.S. in Business Economics?
A business economics degree features specialized skills necessary to excel in several business-related fields. Students pursuing careers in business or graduate school benefit from having background knowledge in business economics.
- Accountant
- Auditor
- Data Analyst
- Finance Manager
- Legislator
- Credit Analyst
- Policy Advisor
- Financial Risk Specialists
- Management Analysts
- Postsecondary Economics Teachers
- Microsoft
- JPMorgan Chase & Co
- Arjo
- Federal Reserve Bank of Kansas City
- Fillmore Capital Partners, LLC
- University of Wyoming
- and more!
- Finance and Banking
- Consulting
- Government and Public Policy
- Healthcare
- Technology
- Market Research
- Insurance
- Retail and Consumer Goods
Absolutely, a business economics degree is great prep for an MBA! It builds strong skills in analytics, finance and strategy, helping with MBA coursework and entrance exams. Paired with work experience, it makes for an incredibly strong MBA application.
“From day one, I loved my economics courses. The professor used real-world examples and pop culture for references and by the end of the semester, I knew I was going to add economics as a major.”
- CJ | Economics Major
