<p>Whats the diffference? Why do business majors tend to take econ for their undergrad instead of business undergrad? What do they teach you as econ? What do they teach you as business major? How come theres a major called BizEcon? Are they both the same thing? Shud ppl, I, major in econ instead of business to get better chance attending haas? </p>
<p>I am confused =(</p>
<p>And there is Math/Econ major??? What? SOmetimes I just feel that I want to major in all 3, math,econ,biz. =( I can't decide my own major, but as of right now its business =/</p>
<p>its because you don't have to major in business to work in the business field, unless you're in a specialized division such as accounting. Big corporations just want smart kids and most colleges don't have an accredited business program.</p>
<p>If you apply to UCB for econ you are not applying to Haas. It is not the major that matters but which college within the school that you are applying to. Hobo is right. If you want to go into accounting or finance you should go business not econ.</p>
<p>What you learn in Business:</p>
<p>Management Consulting
Real Estate
Investment
Corporate Financial Strategy</p>
<p>As for graduate school for Haas, the two most common undergraduate majors are Economics and Business. In some universities, people prefer econ over business to get knowledge of both.</p>
<p>and what do you learn in econ?
dont you learn econ in business?</p>
<p>In busienss, you learn more of strategies and laws where as in economics they put more emphasis in theories.</p>
<p>of courese, you need both.</p>
<p>Economics, the dismal science, is based on statisitics, methods and theory. It's the science of dealing with resources and how nations and individuals compete for those resources. Economics is math based and uses the scientific method to test and explore theories. Like all majors, and areas of thought, people normally specialize within the curriculum. In otherwords, economics is just that... dealing with economics. Business, generally, would be a bit more liberal and applied to a more well rounded idea of business thought. Expect to touch on Economics, Accounting, Management, and etc... it's more of the sampler plater.</p>
<p>A typical business course is concerned about doing what is best for business ONLY. Economics, as a social science, takes a broader perspective. It looks at what is best for society, not just for business. </p>
<p>Examples of what Economic courses look at: </p>
<p>wage rates
consumer prices
unemployment
pollution
inflation
recession</p>
<p>Examples of what Business courses look at:</p>
<p>Raising the profit
Getting out of debt
Negotiation skill</p>
<p>So in another word, Economics look at what is good for the business AND the society, while Business looks at what is good for business management ONLY.</p>
<p>Economics is much more focused on mathematics.</p>
<p>Mrpuppy gave a great explanation. Thank you!</p>
<p>AdamantineX if you still really do not know the difference ... you need to look at the curriculum at the school you wish to attend. This will give specific classes for the major and their descriptions.</p>
<p>a lot of schools econ degree doesn't involve much math. I go to UT and I know they don't require beyond 1 year of calc. MY old school UC-Riverside only requires pre-calc. Berkeley only requires 1 year calc. I was looking on harvard's site and they only require calc. Northwestern only requires differential calc. Most students at these school need no math if they pass the AP test. All schools require one stats class, but that is no where near difficult. So why does everybody claim that Econ is more math dependent? I picked a variety of schools to look at, but they are only a few.</p>
<p>i looked at the curriculum for both majors already and saw that business majors are required to take econ class. Iono may be i percieve it as 2 totally different majors yet ppl see econ as similar to business major. It confuses me, cause when i took econ in high school. It has very little to do with business. And when I took business management (ROP) class, it has nothing to do with econ.</p>
<p>I can see a lil bit of correlation, but I dunno it still seems like 2 different things to me</p>
<p>in response to nimeshshah, u don't really need any math past calc and basic stats to get an econ degree. but if you want to do graduate econ work, you need some experience in higher level math like analysis, stochastic processes, math stats, and abstract algebra.</p>
<p>Ok, I'm just confused with everyone posting that Econ majors have to do more math and need more analytic skills than a bus major.</p>
<p>bubblymc gave a nice answer; I just want to add the following from Northwestern's econ website:</p>
<p>Regarding options for econometrics:
<a href="http://www.econ.northwestern.edu/undergraduate/faq.html#10%5B/url%5D">http://www.econ.northwestern.edu/undergraduate/faq.html#10</a>
[quote]
Students looking for a very rigorous treatment of econometrics are directed to the third option, which involves a year-long sequence in statistics and econometrics in the Mathematical Methods in the Social Sciences Program.
[/quote]
[quote]
Option C: This option gives a more advanced treatment of the theory and practice of econometrics. It should be good preparation for a student who wants to go on to graduate school in economics. However, it also appeals to any student with a very strong mathematical background.
[/quote]
</p>
<p>On being a research assistant:
<a href="http://www.econ.northwestern.edu/undergraduate/newsletter.html%5B/url%5D">http://www.econ.northwestern.edu/undergraduate/newsletter.html</a>
[quote]
Being an RA requires a flexible schedule and knowledge of both economics and math. The time commitment for an RA varies from week to week. You can expect to work anywhere from ten to forty hours a week, without a concrete schedule. The job offers some flexibility—you can work longer hours over the summer and fewer hours during the school year. To prepare yourself to be an RA, coursework in econometrics and statistics is most valuable. Economics classes that apply most directly to the professor’s work are especially helpful. Math classes, like linear algebra, may also prove useful.
[/quote]
</p>
<p>so business requires less math?</p>
<p>business is a very broad field. for every field other than quantative finance, you really don't need much math. quant finance does involve stats and probability and calc and the such.</p>
<p>On the other hand, many accountants use only elementary algebra. My cousin who is an accountant asked me about LCM (least common multiple) the other day!!!</p>
<p>ooh i forgot about what LCM is too =P
lol
but i can tell u the derivative of sin(x^2)</p>