Economics vs Business

BalletGirl
Sun, 23 Dec 2007 19:09:59 +0000

Economics is part of every Arts & Science program in the US, as well as every Liberal Arts college (LAC). It is considered a bona fide social science, and recognized as such by the Nobel Committee. Its roots are in history, political philosophy and mathematics. It is viewed, generally, as a more serious academic and scholarly discipline, and it is more theoretical than “business.”

Business is a broad collection of practical subjects (e.g. finance, marketing, accounting, human relations, operations, etc.). It can include economics. Business is seldom part of a serious Arts and Science currriculum, or a major in a respected LAC. Business subjects are found in a university in a School of Business.

Generally a degree in economics in viewed more highly than a degree in business, but a business degree can be more practical. There are exceptions.

As the end of the day, you have decide if you want a less practical, but more academic education in the Arts and Sciences or a more practical, less highly-regarded education in business. Some make the distinction between an “education” and “practical training.”