Is Economics part of the Bussiness Department?

desmet09 · 05-08-2008, 10:30 PM

My High school Counselor told me it was but I did not think so. I was wondering because I would consider Indiana on my list if it were because of the Kelley School of Business there, but if it isn't I probably would not even consider it.

Silverzc413 · 05-08-2008, 10:33 PM

yes economics is part of the business department. However, it's not solely confined to the business area. Econ would probably involve more math and social science than most other business majors, stuff like actuary.

desmet09 · 05-08-2008, 10:41 PM

I thought it was part of the College of Literature, Science, and the Arts (LSA). Like at Michigan I think it is. Is this correct?

C-Revs · 05-08-2008, 11:14 PM

Some schools have it under Arts and Letters, some under business and some have it under both. Why would that be your determining factor? It's really not that crucial imo

tetrishead · 05-08-2008, 11:18 PM

The vast of the time economics will not be under the purview of the business school. The application of mathematical models from economics is the foundation of finance, but the study of economics is not the study of business.

Quote:

Econ would probably involve more math and social science than most other business majors, stuff like actuary.

Economics is not a business major, unless it is applied to finance (financial economics) or industrial organization. Economics is no different than any other social science, it's just generally more quantitative. It's all research like pretty much every other academic discipline that isn't preprofessional.

desmet09 · 05-09-2008, 06:22 AM

QUOTE: Some schools have it under Arts and Letters, some under business and some have it under both. Why would that be your determining factor? It's really not that crucial imo

Well I am looking at 5 colleges right now Michigan, Northwestern, Wisconsin, Illinois, and Indiana. I am trying to narrow it down and I know that Indiana has a great business program, but other than that is below my other schools. So if economics was a part of their business program I would consider going there.

tetrishead · 05-09-2008, 06:55 AM

...

You say you want to study economics (presumably even if you went to Michigan and had Ross as an option), but you'd only consider studying economics if it was in Kelley?

This doesn't make any sense. If you want to major in "pure" economics and do research, you wouldn't want to do it in a business school. If you wanted to study the business "version" of economics, you'd want to major in finance, which Kelley has.

Presumably you have the capability of typing Kelley School of Business: Indiana University Bloomington into the bar in your browser where you the URLs go. Then you'd go to Kelley's website, and you'd see what majors they'd have, and you'd see they have finance and not economics. Northwestern, who incidentally has one of the best undergraduate economics programs in the country, has a minor in business and a program for financial economics and managerial analysis, but they only have economics as an undergraduate program. Wisconsin has finance in their business school, not economics.

You either want to study economics as an academic discipline, which will generally have some courses and some focus on the business world, or you want to study economics as applied directly to business, which is either finance or economics as applied to some kind of operations management (like applying it to agriculture).

desmet09 · 05-09-2008, 04:12 PM

What sort of jobs go along with economics. I really like it, but I am not sure what I can do with it after college. What would I go into if I want to become a stock broker or financial advisor?

2VU0609 · 05-09-2008, 09:05 PM

S graduated with a double major in economics and mathematics and was offered a job in consulting in November of his senior year. It is a highly desired degree for graduates of his university. His dad is a broker/financial advisor and his business degree and MBA electives focused on finance.