Study business economics abroad

Business economics is an exciting field of study that uses economic theories and models to analyze the financial operations of organizations.

You’ll develop a sound understanding of the economic concepts, principles and practices behind business success. After fine-tuning your skills in strategic decision making and data analysis, you’ll apply what you’ve learned to real-world business scenarios.

It’s impossible to truly understand business economics without considering the role of global marketplaces and international trade. Studying overseas is a priceless opportunity to investigate different economic systems and explore how businesses work in different cultural contexts.

Bachelor’s degrees in business economics last a minimum of three years, but many universities will give you the option of completing a 12-month placement and studying over four years. Professional placements are a great way to build industry connections and prepare for your future career.

As the home of the world’s biggest economy, the US is a popular study abroad destination for business economics majors. Students take general education classes for the first half of their four-year undergraduate course, before focusing on major-specific classes for the remaining two years.

There are plenty of postgraduate options available for students looking to take their education further. Master’s degrees can be studied over one or two years, followed by PhDs which can last anywhere between four and seven years.

Your learning schedule will mainly consist of lectures, tutorials, seminars, and workshops. Assessment methods vary from module to module, but you’ll likely encounter exams, essays, presentations, group projects, and research tasks.

Business economics programs normally have plenty of flexibility so you can take classes that match your interests and ambitions. That said, you’ll still need to get to grips with these core topics:

• Economic models and theories
• Economics research methods
• Mathematics and statistics for business economics
• Principles of microeconomics
• Principles of macroeconomics
• Contemporary issues in business economics
• Quantitative methods in economics
• Financial accounting

Every business, organization, and government across the globe must make difficult economic decisions for survival and success. As such, the problem-solving, analytical, and critical thinking skills of business economics graduates are in high demand amongst endless employers and sectors.

Your specialist knowledge and practical expertise will open up several career doors, giving you the chance to work in almost any corner of the world. Popular career paths for business economics graduates include:

• Economist
• Actuary
• Accountant
• Financial advisor
• Financial risk analyst
• Stockbroker
• Business account manager
• Business analyst

Not only will participating in work experience enhance your employability, but it’ll also allow you to test drive different careers and figure out your future ambitions. Speak to your university’s careers office about the benefits of placements and internships.