Why Study Economics and Management?
A degree in economics and management gives you a unique opportunity to study the two most sought-after disciplines in social science. Economics provides an understanding of resource allocation between economic entities, while management is focused on determining how best to utilise allocated resources to achieve the goals of an organisation. Economics and Management are academically complementary and hold the answer to a variety of questions like:
- Was the Greek financial crisis a failure of economic policy or due to a lack of effective management?
- Are e-commerce giants really revolutionising the way we shop or are they just a passing fad?
- Why does a pair of Jimmy Choo shoes cost more than Bata?
This degree would be attractive to students who wish to explore the interaction between the organisation and the economic environment which it inhabits. You learn about the nature and functioning of the different aspects of an organisation, like product development, finance, marketing and human resources. At the same time, you develop the ability to comprehend how market trends and events impact organisations. The former and latter come together to ensure efficient decision-making.