Bachelor of Science - Economics - Business Administration
320 Student Services Building, Knoxville, USA
225064
Last updated: 31/08/2024
About Bachelor of Science - Economics - Business Administration
Program Description
At its best, a college major matches a student’s academic talent and interests with preparation for a rewarding career. In the dynamic 21st century labor market, there are many exciting possibilities, but it can be very hard for anyone to predict how their career will evolve. A bachelor’s degree in economics equips students with a broad and diverse set of skills with the flexibility to match the uncertain future. At the heart of this is gaining an understanding of how people, firms, governments and other actors make decisions, and how these decision makers interact with each other in markets and elsewhere. Both theoretical models of behavior and rigorous data analysis build this understanding. These tools of economics are valuable in jobs as diverse as consumer marketing, political advocacy and sports analytics. Perhaps even more importantly, they provide a framework for understanding our ever-evolving society.
Economic models explain how firms’ decisions will impact their profits, how public policy choices will impact different groups and overall social welfare, why economic activity may shrink in a recession and many other issues. Economics is a very large field of social science, and our major offers a wide scope for students to choose their courses and fields of concentration. One student may chart a path to gain a deep understanding of business strategy while another focuses on how public policy impacts the environment, health and inequality. The topics may differ greatly across classes, but the methods share much in common.
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