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Business Majoring in economics, can you survive?

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mumeichan
post Jul 11 2010, 05:00 PM

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You will get a job but you won't be in high demand because what you learn can't be applied and has no use in the office as a low level staff or low level management. If you plan to do economics, strengthen it up with business math, financial models and investment or statistics. It's simple, look at the syllabus of your economics degree, go to the bookstore or google up the areas you will cover and just read the broad and brief definitions of the things in the syllabus. Then you can answer the question yourself.

This post has been edited by mumeichan: Jul 11 2010, 05:02 PM
mumeichan
post Jul 12 2010, 10:27 PM

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QUOTE(faceless @ Jul 12 2010, 12:17 PM)
I had to disagree with mumeichan. The level of math that is applied to economic are in no way inferior to the math applied in business. You think the finding the inverse of 2X2 matrix in SPM is hard? Try it for 16X16 or 5 dimensional (a,b,c,d,e) matrix. The differential and integral calculas is that of 3rd year level math. Once in fourth year, you will have to take econometric. Unless you have 2nd year level statistic you are do not have the prequsite for the course.
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Yes, but that's not my point. I'm telling him he needs to double major in business mathematics, statistics, finance or investment. By business math I did not mean the math someone needs to learn to get just any BBA. Sorry about the confusion. I meant doing another major in financial math, actuarial math or something similar or majoring in statistics. Because, as you say, a degree in economics requires alot of math, but not up to what Math majors learn in their 3rd year, if that's what you mean. We need to learn up to multivariable calculus, basic statistics and linear algebra. Those subjects can easily be done in 1 year. Secondly, we are only applying the math to economic models. So a little more math and statistic and we can already double major in finance, financial math, statistic or even actuarial math. These are far more practical and have more lower level positions in the business field.
mumeichan
post Oct 6 2010, 01:04 AM

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QUOTE(faceless @ Oct 4 2010, 02:50 PM)
There are only two threads on economic in PhD School. Both were the same topic on the good and bad of capitalism. The threads are more on forummers opinion that actual academic debate. There are some threads that had been taged as economics by the TS but had nothing to do with economics at all.

Economics does not realy so much on understanding history. It more of understing how the market behaves. There is only one side to economics. I had a double major in Sociology and Economics. The disciplines do not overlap.
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Sure they overlap. Simple question, if something was priced at 0, how much would people want? That's something of interest in economics, sociology, psychology, politics and probably many other social sciences. There's overlap all around, it's just a matter or realizing it. And term's like economics, sociology and so on are just man made terms, it's only valuable in terms of language but as far as scientific inquiry is concerned, they're nothing more than over generalized classifications.

 

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