The world we live in has a serious scarcity of resources. If we all could have unlimited access to goods, such as breathable air or drinkable water, the world would operate much smoother. However, since these resources are not abundant, we need to create some kind of order of allocation to avoid conflicts or war (Economics). Simultaneously, organizations and individuals prioritize certain economic activities in order to make a living by producing, buying, and selling commodities and services (Business). Thus, by combining these core fundamentals, the Business Economics major was born.
Due to the vast array of facets in Business Economics, the major is separated into five concentration modules: Entrepreneurial Business, Economics, Management, Marketing, and Finance. Students will learn the diverse ways of analyzing economic activities that go beyond national boundaries, such as international trade and the flow of capital, while developing the actual skills to assess and determine order for the allocation of scarce resources. In addition, the many components of business will be deeply studied, while developing the skills to analyze markets and making the decisions required to build an organization with sound management. Mastery of the concepts found in the two core fields of Business and Economics will provide numerous opportunities in companies, ventures, banks, consulting firms, among other global organizations, as well as a clear path towards an MBA or other advanced degrees.
