Economics is about choice and the impact of our choices on each other. Economists study the ways a society uses resources such as land, labour, raw materials, and machinery to produce goods and services. They analyse not only the demand and supply, but also the costs and benefits of distributing and consuming these goods and services. Economists conduct research, collect and analyse data, monitor economic trends, and develop forecasts. Experts in this field play a prominent role in practical applications of Economic Policy in areas such as finance, labour, agriculture, transportation, real estate, environment, natural resources, energy, or health.
Studying Economics will equip you to use acquired knowledge of economic relationships to advise banks, business firms, government agencies, industry, insurance companies, securities firms, trade associations to mention a few. You can also look into developing Mathematical models to run the society economic resources in order to prevent chaos and economic bankruptcy in the society.
To study Economics you can enrol for the IIE Bachelor of Business Science degree with a major in Economics, offered at IIE MSA. If direct access to this degree is not possible, you can explore entry through the Business Science stream of our Foundation Programme.
Following completion of your three-year Bachelor’s degree, you can articulate into the IIE Bachelor of Commerce (Honours) in Economics, and subsequently, the IIE Master of Business Administration or the IIE Master of International Business. All these IIE degrees are offered at IIE MSA.
To amplify your studies and shape your career of the future, choose to double major at no additional cost when studying the IIE Bachelor of Business Science. Pair your Economics major with Marketing, Management, Accounting, or a non-Business Science major such as International Studies, Journalism or Political Studies.
The study of Economics gives you flexibility and opens up a number of career options including:
All units of study in the economics program are potential areas of specialisation as: