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Department
of Business Law, Economics, General Business, and
Decision Sciences
Economists analyze the relationship between the supply
of goods and services and the demand for them, and how
goods and services are produced, distributed, and
consumed. Many economics graduates employ their
understanding of economics to pursue careers in
business organizations in such areas as marketing
analysis, financial analysis, forecasting, purchasing,
pricing, production/cost analysis, or risk analysis. A
strong understanding of economics enables the business
economist to determine demand for the good or service,
how much of the good should be supplied in a period,
and the optimal price of the good or service.
Economics majors who pursue work in the public sector
are able to assist in such practical matters as the
control of inflation, business cycles, unemployment,
as well as wage, tax, and tariff policies.
In the United States, and in other
countries throughout the world, government policies
and actions have a major economic impact. Economists
are able to analyze and interpret these government
economic policies, and if they affect purchasing
power, price levels, employment levels, competitive
forces, the balance of payments, or a host of other
economic factors. The basic foundation of economics as
a field of study rests on the fact that resources are
limited, while wants and desires are unlimited. The
use of limited resources to maximize consumer
satisfaction, business profits, or net societal
benefits is the central organizing principle of our
economic society.
The economist helps business firms,
individuals, and local, state, and federal government
agencies in understanding how to organize and use
economic resources most efficiently.
The General Business degree major is
intended to provide students with a broad academic
foundation in business administration plus an area of
emphasis within or outside the department. Diversity
of background provided through flexibility of the
major opens career opportunities in business,
government, and not-for-profit sectors, and prepares
them to pursue a professional or graduate
degree.
- Career Opportunities
- Degree Program
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