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Strategy & Economics

If you are fond of math, fascinated by the way seemingly unrelated world events or cost of fuel affects prices, and interested in how to effect these changes, then a career in strategy and economics could be for you. There are many different varieties of economics including microeconomics, macroeconomics, and public finance economics. The main difference between these disciplines is the size of organization being studied. To put it another way, microeconomics deals with individuals and small organizations, industrial economics focuses on the economies of different industries (e.g. media, healthcare, or finance), and international economics concerns the effects of much larger instruments such as trade policies and exchange rates. Most times, you will specialize in a particular area of economics, which you should bare in mind when choosing your strategy and economics program.

What Subjects are covered in Strategy and Economics Programs?
This is very much down to the individual school. Some may focus on macroeconomics, others on public finance. You need to study the syllabus of each one carefully to make sure that it is what you want. Typical subjects may include some or all of the following courses, although most times you will get a choice in some fields: supply and demand, production and cost, industry structure, pricing, and fiscal policy.

What Careers Can I follow with Strategy and Economics Training?br> Most large corporations will employ microeconomists to evaluate home markets, competition, and the effects of government policy. Smaller businesses may employ you on a consultancy basis either as a freelancer or via a consulting partnership. Federal government is a large employer of economists, of all disciplines.

Publish date: February 10, 2011