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Business Economics
is business economics act as ingredient of management?
when we talk about the business economics,it stands for decision process,decision model and decision variables at the firm level.but it also involves a good management.if there is no good management,the decision process cannot be effective.the firm is viewed as a micro-economics unit located within an industry which exists in the context of a given socia-economics environment of business.but this arises a question that whether the business economics act as ingredient of management or not for this question mixture of both is one solution.the word 'business'means complexity of activities.there are so many activities done in business.in business,there are so many fluctuations.so,business economics deals with these problems or situations as well as their solutions.but these solutions can be made only with the help of a effective and positive management.a business manager's task is made difficult by uncertainity which surrounds business decision making.so manager remains careful about uncertainity regarding to his plans.economics tells him what to do,when to do,how to do etc.if a business has a able manager,the business will be run smoothly.there is scarcity of factors required for business.a manager should choose correct and right factor suitable for business.he does so with the economics.so business economics and management work together simultaneously.they depend upon each other.business economics is essential for a good management decisions,it can not be avoided at any cost.a business manager can prepares the best possible plans for the future depending on past experience and he does so through the business economics.
About the Author
kulwinder kaur.v.p.o. HARI-KE-KALAN,,,,MUKTSAR
what types of job are there for a Business Economics degre?what business degree has more career choices?
i was told if i major in business economics i have a larger group of choosing a job.like i could go into all types of business jobs. is it true. or if not what type of business degree would give me a big group of jobs to choose from.ie. adminstariton,accounting,finance etc. and are there any business economics major or graduate here. & what do you do for a living?thanks alot!
I am an econ major but I'm going to grad school to be a professor (8-10 years of school after high school) so my professional experience with the degree was acquired before I decided to go to grad school. Before that I sold mutual funds. When I did that I knew several people with finance degrees and econ degrees.
I know what you are trying to do but unfortunatly there is no one size fits all degree. If there was everyone would have it.
As far as I know most degrees in economics are business degrees. The real focus of an econ degree is to improve economic analysis techniques and critical thinking. Because of this most business roles that I know of respect a degree in economics. Accounting may be the exception to this.
If you major in econ and get a masters in accounting that might work. The big 4 (formerly the big 5 but Arthur Anderson went under because of Enron) usually require a masters degree these days.
Climate Change Panel Part 1 - Business, Economics, Law and Tourism Alumni Lunch Lecture Series 2011