The economics discipline focuses on the allocation of scarce resources. The two main branches of economics are micro- and macroeconomics. Microeconomics focuses on consumers and producers -- how individuals and firms make decisions about what is produced, how goods and services are produced, and who receives the income and thus the goods and services. Macroeconomics examines the overall economy - national and international - including issues of growth, unemployment, and inflation. Whereas the economics major emphasizes economics as a social science, the business economics major emphasizes economic analysis in a business setting.
The courses in economics are designed to acquaint students with the workings of the local and world economies. The business economics major prepares students to combine the analytic approaches of economics with the skills from other business disciplines to analyze data, solve problems, and make decisions in the private, non-profit, and public sectors.
Our program features highly effective, dedicated instructors who emphasize analytical, quantitative, critical thinking, communication skills. As a Jesuit university, our program emphasizes issues of social justice and ethics.
Graduating business economists work in many fields including but not limited to public policy, international business, law, health, insurance, consulting, finance, marketing, and data analytics.
Albers is accredited by AACSB International - The Association to Advance Collegiate Schools of Business. As of July 2017, less than five percent of the world's business schools and less than one third of U.S. business school have achieved business accreditation from AACSB.