Economics / International Business
Economics
Economics is important to consumers, business managers, those who determine government policies, and anyone who is curious about the way people earn their living. Economics explains why prices rise or fall; why incomes are high or low; why people live better in some countries than in others; why recessions and unemployment occur; and why governments play active roles in the economy.
Professional economists earn their living answering questions like those above. They work for banks and other financial businesses, for federal, state, and local governments, for large corporations, for colleges and universities, and for other employers. Some are self-employed as consultants or business owner-managers.
International Business
More and more businesses in the United States have contacts with customers or sources of supply abroad. An increasing proportion of American business output is sold to foreign buyers. A growing percentage of materials used to make products in the U.S. come from outside its boundaries. Similar trends exist in most nations. Business transactions frequently involve a payer in one nation and a payee in another. Investment and lending are increasingly international in character.
To help deal with the globalization of the world market, business firms and government agencies need employees knowledgeable about foreign trade, payments, investment global marketing and management. The program in International Business in the college of Business Administration and Economics is designed to prepare students to meet this increasing need.